OK, guys, this is going to be the most MASSIVE trade I've EVER done - Live.
If you dare to replicate it (as I will post updates as they're made if they effect the trade) then you'll actually be doing exactly what Coinz, the god of forex, is doing.
Only difference is, it will be completely up to you to work out your own trade size to account capital ratio per position.
I'll provide as much here as I can about the trading system.
This is pure scale. No fancy indicators being used.
The trade direction: Long.
Parts I am leaving out are for you to determine based on your own tolerances.
Trade is set to Heavy Risk level. Not Enormous. Not Extreme. But more than High.
Indicating you could blow out your account with it. I have this set trade in one of my Live sub-accounts.
1st position opened @118.73. I'm suspecting it will slam against me 100-pts at once though right now as soon as I opened it it's moved into profit.
Time duration for this trade is till the end of the year if need be.
Profit target is above 50% - I may even extend it another year (boosting profits higher) if certain other bases of structural theories they're founded on are near the same as they are now - we'll see.
Profit is being taken on a scalped basis, meaning, it gets too far on my side I'll nail the money then re-entering an so forth - example: I just scalped 14-pts since opening the trade and re-entered.
Not really going to set an overall end all TP - at this point it's too early - we'll see which way the winds blow.
I'm breaking from traditional trading wisdom and committing more units to positions than what is safely advised.
Further down (in the case it drops against me - and it WILL) I am going to test another structure that is adding more danger to the trade overall moving it as close to the fire as I can without having the whole trade go up in smoke.
You'll see my first position on the chart snapshot I just took. Look upper right - you'll see the triangle.
For those of you who choose to enter with me or even in my direction, best of luck to you, just remember, there are strategies I'll be executing in the background that won't be visible to even the most advanced traders. And at this level, USD/JPY has a long way to tumble.
To those who take the other side... try to kill me.
Coinz
current = 118.88
<img src=http://elitetrader.com/vb/attachment.php?s=&postid=973642>
If you dare to replicate it (as I will post updates as they're made if they effect the trade) then you'll actually be doing exactly what Coinz, the god of forex, is doing.
Only difference is, it will be completely up to you to work out your own trade size to account capital ratio per position.
I'll provide as much here as I can about the trading system.
This is pure scale. No fancy indicators being used.
The trade direction: Long.
Parts I am leaving out are for you to determine based on your own tolerances.
Trade is set to Heavy Risk level. Not Enormous. Not Extreme. But more than High.
Indicating you could blow out your account with it. I have this set trade in one of my Live sub-accounts.
1st position opened @118.73. I'm suspecting it will slam against me 100-pts at once though right now as soon as I opened it it's moved into profit.
Time duration for this trade is till the end of the year if need be.
Profit target is above 50% - I may even extend it another year (boosting profits higher) if certain other bases of structural theories they're founded on are near the same as they are now - we'll see.
Profit is being taken on a scalped basis, meaning, it gets too far on my side I'll nail the money then re-entering an so forth - example: I just scalped 14-pts since opening the trade and re-entered.
Not really going to set an overall end all TP - at this point it's too early - we'll see which way the winds blow.
I'm breaking from traditional trading wisdom and committing more units to positions than what is safely advised.
Further down (in the case it drops against me - and it WILL) I am going to test another structure that is adding more danger to the trade overall moving it as close to the fire as I can without having the whole trade go up in smoke.
You'll see my first position on the chart snapshot I just took. Look upper right - you'll see the triangle.
For those of you who choose to enter with me or even in my direction, best of luck to you, just remember, there are strategies I'll be executing in the background that won't be visible to even the most advanced traders. And at this level, USD/JPY has a long way to tumble.
To those who take the other side... try to kill me.
Coinz
current = 118.88
<img src=http://elitetrader.com/vb/attachment.php?s=&postid=973642>