My Forex Journal

victorycountry said:
15 trades ...but your last NZDCAD, if you had a bit more wider stop loss (maybe by 3pips), you could have minimised your loss. I think you just had one unlucky week.

Your allocation of size, you must be using some kind of algorithm cos the numbers are not biased to round numbers.
By the way, does other institutional traders trade similar to your style? I mean swing trade? I heard mutual fund managers' holding period is long like your style although market makers like hedge fund mangers employ short-term trading.




My current PhD research topic is on Crude oil (as well as other futures contract categories) and I have seen a lot of traders making profits from futures market consistently while their currency trading winning rate is inconsistent. I am definitely interested in trading in futures market in the near future.
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Well NZDCAD suddenly looks good where I closed it... that is why I do not want to keep positions over the weekend.
 
wizard4444 said:
Well NZDCAD suddenly looks good where I closed it... that is why I do not want to keep positions over the weekend.
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wizard4444 said:
I was allowed to trade what and how I wanted as long as money was coming in,except in prop where you had to close by days end. They never asked me anything or bothered me. All decisions where mine, very smart people.
The indicator to size my positions I have posted in the early pages of the thread.
I stared with futures the first 2 years... but did not do that great(was a beginner too). After went on to day trading equities and swing trading where I came 13th in 65000 traders in the Yahoo investment challenge, some old traders will remember this. And from there I start trading in Prop Shops.... and after that in banks....
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You were once nearly top 10 ranked trader in US market? WoW ...
That's quite impressive :)
Maybe some of ET members remember you.
So you must be still trading in US equity market.
Futures market imo is not a good market to start with for someone who is not familiar with rolling contracts which isn't existing in other markets. For example, it's nearly end of Feb but there must be many naive traders trading in Feb Crude oil Futures contract when in fact the most liquid ones are March and April.

wizard4444 said:
Well NZDCAD suddenly looks good where I closed it... that is why I do not want to keep positions over the weekend.
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Have you initiated any trading today??
 
No I do not swing trade equities any more....just day trade them but still prefer forex.
No nothing yet today.... following a couple of pairs at the moment....
 
Be careful with sizing these trades cause if you take the same size you can be way off on the numbers in the end
 
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