Fx futures Journal

Quote from m4a1:

depends on the volatility of the market you're trading. if volatility is such that it regularly zigs and zags 300 pips on 1000 point moves, then it may not be acceptable.

but i don't know how to measure this relationship. do you have any good ideas?
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For example, let's say that the 300 pips is well outside the recent reaction high (that's how you measure volatility--by eyeballing the chart).
 
Quote from Buy1Sell2:

Difficult to quantify exactly, but I would say probably it's twice a year roughly. One thing to note--1000 pips is the initial goal, but if it still looks like it's in the larger trend , I will stay with it.
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I'm afraid the previous saying of 1,000 pips per contract without mentioning time interval would be probably unclear/ ambiguous.

Using yearly basis, your figure then would be 2,000 pips per contract per year on average. My calculation is trading "without leverage" would produce about 15% to 20% returns per year.

Looks like you'd be more than a position trader as you claimed. :)
 
Quote from OddTrader:

I'm afraid the previous saying of 1,000 pips per contract without mentioning time interval would be probably unclear/ ambiguous.

Using yearly basis, your figure then would be 2,000 pips per contract per year on average. My calculation is trading "without leverage" would produce about 15% returns per year.

Looks like you'd be more than a position trader as you claimed. :)
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Most all position trading, but do take some occasional swing positions as you can see in the journal off of shorter term charts. Rarely a daytrade. In addition, I generate income by selling calls or in the case of currency futures, I have sold puts from time to time. My moniker should provide insight into that type of trading. The thing to remember is that the main emphasis is on the longer term, not day trading or even swing trading and I am in numerous markets, not just currency futures. I can be in numerous markets due to being underleveraged.:)
 
I do want to point out one further item: When I sell calls against my longer term position, the hedge makes the leverage lower than the outright position without the hedge.
 
Quote from optioncoach:

you are leaving me in the dust lol, I have not had time to get up at 4:00 AM and trade my fx futures lately.... missing all the action :(
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Why not put on some position trades. Have a look at the weeklies on these and see if you agree with me or whether it is a fake out.(Less potential for fake out on weekly due to the seriousness of holding overnight and over weekend).
 
Quote from OddTrader:

I'm afraid the previous saying of 1,000 pips per contract without mentioning time interval would be probably unclear/ ambiguous.

Using yearly basis, your figure then would be 2,000 pips per contract per year on average. My calculation is trading "without leverage" would produce about 15% to 20% returns per year.

Looks like you'd be more than a position trader as you claimed. :)
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There is something here that needs to be clarified. What I am saying is that I will catch 1000 pips on a move perhaps twice a year. This doesn't mean that there are not other trades which I close that do not reach the full 1000 pips.
 
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