sheesh this easy going stategic "carry" trading can be a lot of work! There is no free lunch when your "Not Gambling'
Elite Trader's Gambler's Anonymous ETGA
- Thread starter ElectricSavant
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Look at this beautiful tail of limit orders...
What happened? I got 8 of them see the next screenshot in the next post...
Remember, I am only trading with 5k, so the $'s are meaningless...its the percents and the big picture for the "Yield" trader.
Michael B.
What happened? I got 8 of them see the next screenshot in the next post...
Remember, I am only trading with 5k, so the $'s are meaningless...its the percents and the big picture for the "Yield" trader.
Michael B.
This is what Happened.
This screenshot was after the early exit and then another re-entry.
Bal=$1,204.29 which is plus $23.32...
Sorry I couldn't capture more screenshots...
Did you see the concurrent GBP/JPY trades in this screenshot...they were history in the making.
Ok, Folks, I gotta go..I wanted to share this trading and entry concept with you. I CAN still scalp, but its a lot of work and not what I do.
I want to leave you with this...always scale your entries if your commissions and/or size permits. You should never "pounce" in. You will, "most of the time" get improvement with the technique I am illustrating and when your "Not Gambling" you will NEVER find yourself HOPING for your limits to hit, as you will be so busy adjusting your tail...
Ok...Now when your getting new 1Y highs, this technique will only be for advanced executioners, that can split on the fly! There is not any automation that can think like this that I know of...but some of you quants will prove me wrong...
Michael B.
This screenshot was after the early exit and then another re-entry.
Bal=$1,204.29 which is plus $23.32...
Sorry I couldn't capture more screenshots...
Did you see the concurrent GBP/JPY trades in this screenshot...they were history in the making.
Ok, Folks, I gotta go..I wanted to share this trading and entry concept with you. I CAN still scalp, but its a lot of work and not what I do.
I want to leave you with this...always scale your entries if your commissions and/or size permits. You should never "pounce" in. You will, "most of the time" get improvement with the technique I am illustrating and when your "Not Gambling" you will NEVER find yourself HOPING for your limits to hit, as you will be so busy adjusting your tail...
Ok...Now when your getting new 1Y highs, this technique will only be for advanced executioners, that can split on the fly! There is not any automation that can think like this that I know of...but some of you quants will prove me wrong...
Michael B.
Sometimes Oanda pisses me off. Look at the EUR/HUF spread! From 40 to 100 at this time of day!
Oh well, can't have the best of everything. Like a fellow trader once told me...DEAL WITH IT.
The spread is indicated where the account summary is in the platform in the lower right of the screenshot.
Michael B.
P.S. Some of you might say Electric! look at your trades and what happened to them?...Your going too fast! Answer: I am a carry trader, I need to get in and start collecting interest..not scalp for pips! I hope I got the top of the GBP/CHF...just think of all those "Averaging Down" opportunities to come forcing me to increase exposure!
Oh well, can't have the best of everything. Like a fellow trader once told me...DEAL WITH IT.
The spread is indicated where the account summary is in the platform in the lower right of the screenshot.
Michael B.
P.S. Some of you might say Electric! look at your trades and what happened to them?...Your going too fast! Answer: I am a carry trader, I need to get in and start collecting interest..not scalp for pips! I hope I got the top of the GBP/CHF...just think of all those "Averaging Down" opportunities to come forcing me to increase exposure!
I am not bragging folks, But you should be paying for this. Tell your friends and "traders-to-be"...to join ET and read this entire thread.
There are much better traders than I....But can you see the mindset?...I even get a little cocky when "scalping for entries to carry" !
Michael B.
P.S. My mentor of a few years ago...a low key Japanese trader and system developer, whom I no longer have contact with is the best trader in the World! and if he is reading this ...Akira, I have not forgotten. ok? You know what I mean, from the only honest American kid you know....
There are much better traders than I....But can you see the mindset?...I even get a little cocky when "scalping for entries to carry" !
Michael B.
P.S. My mentor of a few years ago...a low key Japanese trader and system developer, whom I no longer have contact with is the best trader in the World! and if he is reading this ...Akira, I have not forgotten. ok? You know what I mean, from the only honest American kid you know....
Today's Trades (Monday)
Check out the NAV....
Website:
www.ElectricSavant.com
Zip file see attached:
Check out the NAV....
Website:
www.ElectricSavant.com
Zip file see attached:
I am sitting here and just completed reading this entire thread. I want to thank the traders and lurkers that are reading this thread from the bottom of my heart. For another trader to take their time to read this thread is rather humbling.
Thank You, and I hope that I have made a difference in your trading. Please do not post, I know your reading. I am not looking for anything. I just find this humbling.
Good things are happening already, and I look forward to building my trade history. This Journal makes it all possible.
Michael B.
Thank You, and I hope that I have made a difference in your trading. Please do not post, I know your reading. I am not looking for anything. I just find this humbling.
Good things are happening already, and I look forward to building my trade history. This Journal makes it all possible.
Michael B.
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