LOL is this like FreedomRocks or something??
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FOREX signals on this thread. No strings attached.
- Thread starter miniFORTUNE
- Start date
LOL is this like FreedomRocks or something??
Easy gentlemen.
The pairs are trending and moving nicely.and the Moving Average Convergence/Divergence (MACD) reflects what it is happening, forcing the thread to keep the signals.
Nevertheless I congratulate you for having the discipline ( and the courage) to take action.
Best!
mF
The pairs are trending and moving nicely.and the Moving Average Convergence/Divergence (MACD) reflects what it is happening, forcing the thread to keep the signals.
Nevertheless I congratulate you for having the discipline ( and the courage) to take action.
Best!
mF
Quote from kahai:
mF, I entered the positions as you posted them day before yesterday, except I left the USD/JPY Long - I am going more for the long term trend - and set the stop at 300 pips, and today I am up 586 pips - it was just lucky timing.
I am conservative in my leverage, I entered each position at the dollar equivalent of 1/2 of my account value so I will have maximum leverage of 3:1, assuming an average of 6 open positions. Since I am using Oanda, where I can trade single currency units, I can fine tune the leverage precisely. The pip gain in my account translates to an approximate gain of 1.5% of my account value in 2 days - wish it could go on like this.
Nicely done, you could probably up your leverage a bit though no? If you only made a 1.5% gain on almost 600 pips, that would mean the max drawdown you would have is 0.75% given your 300 pip stop loss. Or I guess a possible 4.5% drawdown if 6/6 trades get stopped out, which seems pretty unlikly, given the fact that the max loss I have seen the thread starter take is around 100 pips. And it doesn't seem like he has a lot of looser in a row. But I just glanced at his stats, so I don't know what the max drawdown in terms of pips has been for him.
But I still don't understand fully how you determine when to take your position. Are you saying that if 4/6 (or maybe 6/6) of the signals are all in aggreance you will take a position on a pair and hold it until they start to disagree? So if you wanted to jump in now, you would just jump in whenever?
Player, I can not give you any advice as to when to start trading any particular pair. Since I am looking at this as a medium to long term system the entry point was not important to me, I just entered all open position and my timing was pure luck.
You are probably right that I could take a little higher leverage but I want to compare it with two other systems I am currently trading, one which is constantly in the market with 10 pairs at an average leverage of 3:1 but it could go as high as 6:1 for short periods and is based not on trends but on statistical arbitrage and the other one, which is based on long term trends and designed to catch the carry interests which has on average 8 open pairs and which I trade at a leverage of 4:1. These are not get-rich-quick system but are designed to return between 25% to 30% annually. Remember, Warren Buffet, regarded as the most successful investor in the world had over his investment career an internal rate of return of "only" 27%.
You are probably right that I could take a little higher leverage but I want to compare it with two other systems I am currently trading, one which is constantly in the market with 10 pairs at an average leverage of 3:1 but it could go as high as 6:1 for short periods and is based not on trends but on statistical arbitrage and the other one, which is based on long term trends and designed to catch the carry interests which has on average 8 open pairs and which I trade at a leverage of 4:1. These are not get-rich-quick system but are designed to return between 25% to 30% annually. Remember, Warren Buffet, regarded as the most successful investor in the world had over his investment career an internal rate of return of "only" 27%.
Quote from kahai:
Player, I can not give you any advice as to when to start trading any particular pair. Since I am looking at this as a medium to long term system the entry point was not important to me, I just entered all open position and my timing was pure luck.
You are probably right that I could take a little higher leverage but I want to compare it with two other systems I am currently trading, one which is constantly in the market with 10 pairs at an average leverage of 3:1 but it could go as high as 6:1 for short periods and is based not on trends but on statistical arbitrage and the other one, which is based on long term trends and designed to catch the carry interests which has on average 8 open pairs and which I trade at a leverage of 4:1. These are not get-rich-quick system but are designed to return between 25% to 30% annually. Remember, Warren Buffet, regarded as the most successful investor in the world had over his investment career an internal rate of return of "only" 27%.
The guy I news trade under was working on a statistcal arbitrage system, but it was shut down because of legal matter, do you mind telling me what system you are using is? (If not it's fine I completely understand, if you do want to tell me though, just PM me, if not it's fine).
And with the percentage system, there is a way where you can have 100% risk free gains based on interest rates. You can go to a broker like marketiva.com (however, they do not accept clients based in the US) and take a short position on the GBP/JPY, and then go to virtually any other broker out there and take a long position on the GBP/JPY and you will be earning interest risk free. The only problem with this is that a broker like marketiva may not be the most solid broker around. I know they've been around for at least 2-3 years at least though (they are who I started demo trading with) and havn't really shown any signs of a faulty buisness, but they are not regulated by the NFA and are based in Sweden I believe, so there is always that possibility.
But besides the point on that, how is the interest system you are using performing? It seems like it would make sense that possibly some pairs would sort of off-set eachother so that if you are loosing big in one pair you may be gaining big in another. Interest does seem killer though, I was charged 15.90 for a swap on GBP/JPY on wednesday on 2 mini lots, which surpasses the spread by just a bit.
Player, I hope nobody thinks I am an experienced forex trader, I only started about a month ago. Regarding the arbitrage system, I want to first hear from mF if it is ok to mention subscription based systems here. Regarding the interest system I won't give the name of it because it is also promoted as a multi level marketing system which by itself raises a red flag but you should not have any trouble finding it if you search for such systems, it is also mentioned on at least 2 rating boards. It might be a good system but I have not enough experience with it yet. Regarding the statistical arbitrage system, I have dealt with the people behind it before on some of their other systems and I know they are solid and report performances honestly.
So I am waiting for a reply from mF, I hope you understand.
So I am waiting for a reply from mF, I hope you understand.
partial quote from Player:
"... I was charged 15.90 for a swap on GBP/JPY on wednesday on 2 mini lots, which surpasses the spread by just a bit.
__________
Note: The broker I trade with charges/credits the swap triple on Wednesdays.
mF
"... I was charged 15.90 for a swap on GBP/JPY on wednesday on 2 mini lots, which surpasses the spread by just a bit.
__________
Note: The broker I trade with charges/credits the swap triple on Wednesdays.
mF
From kahai:
"...I want to first hear from mF if it is ok to mention subscription based systems here".
________
When in doubt check with the vigilante on the Forex section: TL Trader. He/she enforces the Elite Trader Rules. Worst case scenario he/she will remove single posts if considered unappropriated.
We are open to ideas to fine tune this endeavor of trading Forex. We avoid spamming so this thread will not get closed.
Best!
mF
"...I want to first hear from mF if it is ok to mention subscription based systems here".
________
When in doubt check with the vigilante on the Forex section: TL Trader. He/she enforces the Elite Trader Rules. Worst case scenario he/she will remove single posts if considered unappropriated.
We are open to ideas to fine tune this endeavor of trading Forex. We avoid spamming so this thread will not get closed.
Best!
mF
Quote from miniFORTUNE:
partial quote from Player:
"... I was charged 15.90 for a swap on GBP/JPY on wednesday on 2 mini lots, which surpasses the spread by just a bit.
__________
Note: The broker I trade with charges/credits the swap triple on Wednesdays.
mF
I know that, but still, wednesdays that's like free money if you're in a long. You'd only make about 1 pip if you took a long just for the swap after the spread, but it is deffinetly the best time of the week to get in long. Covers your spread right there.