How to trade the EUR now
- Thread starter irniger
- Start date
Its about friggin' time! How many weeks was that??? Short now at 3214. May have been a mistake. Already against me 28 pips. Same rule as before. 600 pip stop loss. Exit around 100 pips unless there's a good reason to exit sooner.
My record stands. I haven't lost a single trade since I opened this account in early March
Quote from SimpleTrades:
Its about friggin' time! How many weeks was that??? Short now at 3214. May have been a mistake. Already against me 28 pips. Same rule as before. 600 pip stop loss. Exit around 100 pips unless there's a good reason to exit sooner.
My record stands. I haven't lost a single trade since I opened this account in early March
Are you SkAlPz? He used to claim that he never lost a trade, though he'd take ridiculously large drawdowns and be sitting on losing trades sometimes up to a year before they came back. I think this is Mr. Market's strategy, too.
It's quite ridiculous. Like risking 600 pips for 100 pips of gain. wtf.
No, I'm not, SkAIPz. It works very well in pair like this that is trading within a fairly tight range. However, yes, at some point I expect to take a big hit. To date, my largest unrealized drawdown has been 31%.
I simply wait for the 100+ pips and then transfer it out of the account into my margin account.
If I had more time to watch this constantly, I'd devise a different strategy. However, I don't have time to trade actively.
About 35 rounds (in and out) trades. Many of them have been less than 100 pips. The original capital is intact. Profit is now 140%. Given the margin requirement, potential loss is 60% approx of the original capital.
I scalp other opportunities when I can. A few USD/CAD. A few shorter term EUR/USD. I think it is a mistake to simple stick to one strategy. You can have a main strategy, and then grab other opportunies as they present themselves. However, the other opportunies are restricted by the state of the main trade. Obviously, if it is way against me, I don't have the available margin to take another trade. So, I sit and wait.