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

Quote from Ivanovich:

Actually heading to Santorini. :) Getting engaged to my Russian lady...

Regarding GPB/JPY - I agree. Charts look scary. But I've got a hunch based on what I believe the future strength of GBP is and the realization that China is not going to reval.

And at the moment, the trade is up 30 or so pips.
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so, Ivan, you draw $150 A DAY interest??

how many units is that in play?

I got a demo with 500,000 units and it only draws $52 a day.

you got to be trading some HEAVY money, no?
 
Quote from Ivanovich:

Don't know who you use for your demo, but if you used Oanda, you'd be drawing $109 a day for 500,000 units.

To answer your question regarding heavy money, I guess that depends on what you call heavy money :) But yes, it's $142 a day. I was just rounding.

http://www.oanda.com/products/fxmath/interest.shtml
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so if you're using 50:1 leverage you've got almost 750,000 units in trade.

impressive.

more impressive is the shear dollar amount you must have in that one account to support the 750,000 units.

presuming the 50:1 scenario, it takes $27,500 to buy 750,000 units.

Now, presuming you're using 1% of your money in this trade, it means you have $2,750,000 in your account.

Hm... not bad... not bad at all....
 
I'm using 20:1. And I do not follow that 1% rule at all. The money in my forex account is not my life's savings, or my nest egg, etc. It's disposable income with which I'm learning to invest. I am an expat living in Moscow as the GM for a large FMCG company. I'm not a day trader.

If you want to know more, I don't mind sharing. Just PM me - as this isn't the thread's topic.

Thanks!
 
Greetings from Moscow, Ivanovich!!!

You have an interesting nick being the expat in Moscow)))
Despite it's not its topic, I'm very astonished that guys like you also play in forex, so I really-really wish you good luck and nice holiday in Greece. :)

BR,
OfmY
 
Ofmy,

Ìåíÿ çîâóò òîëüêî øóòêà:)

But thank you for your best wishes. Are you in Moscow too?
 
Yeah, from Moscow too, i.e. was born there:)

What do you mean by Ìåíÿ çîâóò òîëüêî øóòêà?))
 
Quote from Ivanovich:


So my new positions are moderately heavy on Sterling:

Long GBP/USD @ 1.8235
Long GBP/JPY @ 195.00
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Closed GBP/USD @ 1.8370 for 135 pips profit
Closed GBP/JPY @ 196.25 for 125 pips profit

You guys should have listened to Uncle Ivan.

-Ivan
 
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