Forex Trading: Any of these 10 Cross Rates

Quote from millionaire7:

Increasenow, just wondering how old are you...
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as I answered the last cat...I am "the right age at the right time...got grey in my hair though"...
 
okay...here it goes...I've got 8 (yes, 8) open positions (some short and some long) currently in the following crosses:

USD/CAD
USD/CHF
GBP/USD
EUR/USD
GBP/JPY
EUR/JPY
NZD/USD
AUD/USD

*will hold over the weekend
*looking to expose key divergences (playing off the long/short combos) and bank profits this coming Sunday night or Monday morning...currently...I am down -40 pips or so...right now
 
Quote from increasenow:

okay...here it goes...I've got 8 (yes, 8) open positions (some short and some long) currently in the following crosses:

USD/CAD
USD/CHF
GBP/USD
EUR/USD
GBP/JPY
EUR/JPY
NZD/USD
AUD/USD

*will hold over the weekend
*looking to expose key divergences (playing off the long/short combos) and bank profits this coming Sunday night or Monday morning...currently...I am down -40 pips or so...right now
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sounds like a good plan CAT:cool:

:confused: :confused:
 
I though you were shorting Aussie and Sterling, shouldn't you get like 100pips today? I short EURUSD since yesterday @ 1.5094, 250pips so far :D Good trading
 
Quote from increasenow:

to ddaytrader...in all due respect, please, no more joking around here per the moderators request...I do not want to have this thread moved to "chit chat"...I really am trying to learn and discuss forex trading here...you have great forex insight and have shared positive insight as to Forex trading...look forward to seeing that continue...best trading to you...IncreaseNow
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Inka-dinka-dooster,

You misunderstand my intentions. I am fixing to start my very own first thread here at ET and it will deidicated to unpikering myself. I was looking to you for advice. But that is ok, I understand that you may not have time for the likes of me. I am thinking a $200 starting line would be sufficient. I am in the process of hammering out my money management rules. I want to be able to keep levering up if my profits pile up like arctic snow, and I want to be able to last at least 30 days if my money melts like arctic snow dropped on Miami Beach. I think I have it figured out.

Thank you for the inspiration. Get ready for my "High Energy rock n roll shoot em up Bang Bang as I go from Forex Piker to Prince (or Pauper) surviving at least 30 days with no more than a max 98% draw down thread."

It's gonna be a swinging good place, cat.
 
Another question - I trade with a UK broker, so I can still swing 200:1 leverage. Inky, you say 100:1 is minimum to not be a piker, right?

But here's my question: If 100:1 is good, wouldn't 200:1 be even better?

So, should my "High Energy Forex Bang to Blow Up" thread be based on 100:1, or should I really bang it out full throttle at 200:1?
 
at 200:1, $200 can get a 4 standard lot trade that is $40 a pip. say you trade on EUR/USD that has a 1 pip spread, you are out of the game if you are 4 pips down. You could apply a 200:1 account, but if you are using any kind of money management system, you shouldn't need more than 50:1 leavage
 
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