Weekly Thread: Sep. 14 - 19

depends what was the size of your position...for 1 lot of $100k its $10 on cable and euro, and varies $7.XX with other crosses. eurgbp is $16.xx/pip.
 
Thanks....

I am thinking of trading the above via IB using Sierra/mytrack for futures feed.

AQ`Z on mytrack and Euro on the IB TWS.
 
Rezo S,

Interesting trading philosophy. I am going to take some time and read the whole thread later on, but the immediate question that I have is simple. How do you determine your initial stops? Excuse me if you've been through this earlier, and should you choose not to go into it again I'll understand. :)
 
Quote from canyonman00:

Rezo S,

Interesting trading philosophy. I am going to take some time and read the whole thread later on, but the immediate question that I have is simple. How do you determine your initial stops? Excuse me if you've been through this earlier, and should you choose not to go into it again I'll understand. :)
More...
Hi there.
Yes, you're right, I was asked couple times about this, and I don't know where it is now to link you, but I will not leave you without answer. My stop is being calculated using simple algorithm, and main component is recent volatility. I also tale in consideration fib level, supp/res levels, and depending on those, calculated stop level may be moved slightly higher/lower. There are couple more things I consider...I hope you can understand that I cannot get into details on this...but that's how its done.

Regards,

Rezo
 
No changes, still holding positions:

Sep.18 short usdchf @1.3848
stop 1.3935 tp1.3535

Sep.16 long eurusd@ 1.1173
sl@1.1115
tp@1.1370

Sep.16 short usdcad @1.3685
sl 1.3760
tp 1.3470
 
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