Chinook's EUR/USD (E/$)Mumblings

Quote from TradingWise:

400k units is still much for a 10k account??
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Yes it is using 40% of my account!! I know the rule I've read to many trading books, 1% or <. But the market has hit this level what, 10 times and sold out so I am confident. Anyway I'm a newbie and I think I'm trading the "markets money", stops in place if it rallies past 1.3. Current P/L on THIS trade $560.
 
I have one "complaint" about the current price level: I don't know how to scalp it. If we at least did a nice-effort run for 1.3000 it would be easier, but this lurking does not suit my scalping during the RTH. It looks like no scalps are here fo rthe taking - not even the lunch hour and european close did any good for my finding setups.

It seems to be a little pegged to QM during US RTH as of late - today as well.
 
Quote from V-Viper:

Yes it is using 40% of my account!! I know the rule I've read to many trading books, 1% or <. But the market has hit this level what, 10 times and sold out so I am confident. Anyway I'm a newbie and I think I'm trading the "markets money", stops in place if it rallies past 1.3. Current P/L on THIS trade $560.
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Yes, but that is only 14 pip profit with a 400k size. Think about what would happen if we go the other way. So your stop is at 3010? That means a 20/30 pip slip to your stop. About 1000 USD at risk on your 10k account. 10%.
 
Yes, I would not normally put on a postion this big, but I have confidence in it and a tight stop.

If I may ask do you have a FX account, and if you ever had one any experences/lessions you can tell me about over trading in relation to your account size? Thanks.
 
Quote from V-Viper:

Yes, I would not normally put on a postion this big, but I have confidence in it and a tight stop.

If I may ask do you have a FX account, and if you ever had one any experences/lessions you can tell me about over trading in relation to your account size? Thanks.
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Yes, I have a FX account since recently. I trade 1000 units for now (on 500 Euro). I think I need 10k before I would start with a 100k size.
 
Quote from Ivanovich:

Regarding the options conversation...from 4cast:

Sorry, has to be an attachment.
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Thanks. :)

Is anyone else having a problem with the $ amount of these options, as mentioned in the attachment and Thompson, keeping the market in check? In the attachment they are talking about $225mn. I thought that many times this figure was traded on a daily basis in EUR/USD spot. I'm I missing something?

Cheers,

TRADERguy
 
Quote from Gringinho:

I have one "complaint" about the current price level: I don't know how to scalp it. If we at least did a nice-effort run for 1.3000 it would be easier, but this lurking does not suit my scalping during the RTH. It looks like no scalps are here fo rthe taking - not even the lunch hour and european close did any good for my finding setups.

It seems to be a little pegged to QM during US RTH as of late - today as well.
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I agree the very short term fluctuations are quite unpredictable. We don't have the usual nice pullbacks and pullups. Instead we have these short and sudden sharp reversals.
 
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