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04-16-2010, 05:03 AM #13666
yes sir,tanx for the tip,i'm good student always taking good points and notes from u guys as the teacher
04-16-2010, 05:19 AM #13667
Well. I added more longs at 142.30 and 142.50. Closed all the longs at 143.30.
Originally Posted by 4xer
Just shorted at 143.30. Still have shorts from 142.00 -142.50
Mihai - COngrats on your trades. My EA has been cranking em out and doing really well on the GJ this week. Ill send you a screeenshot later today of my smaller acct.
Also at 50:1 how do you use your entire balance without margin calling? Or are you only using the amount that is alotted to you in a larger acct?
Also I will look to add more shorts around 143.50/60
04-16-2010, 05:26 AM #13668
simple, take for example the whole balance 10,000 GBP, i buy for that 500,000 units which gives me 34.89 GBP/pip.... u get a margin call if u reach -6,000 GBP.... so u will be left with 4,000GBP ... but i sold it @144.95 , it went another 5 pips higher and then lower .... this is a hypothetical example, altough those 5 pips almost made us cry, as we are a hedge fund the amounts that we use are quite large... but the only reason why we took the risk is because we had 200% already return for the week, talking about all of us, on the portfolio, so i came with the idea, so we did it
Originally Posted by 4xer
IT MIGHT REVERSE LOWER HERE... not sure but be careful
04-16-2010, 05:32 AM #13669
Last edited by 4xer; 04-16-2010 at 05:43 AM.
04-16-2010, 05:48 AM #13670
Mihai- Ive been trying your 5 minute strategy. It works well if you are patient. I am waiting for the blue to cross the red. Green are BB.
04-16-2010, 05:57 AM #13671
it works over the long term.... i sometimes take profits after the first cross... maybe 30-40 pips, and out for the day, or u can respect it and go like a robot... tp 120, sl 31... this works with volatility... on average it make 200 pips a month... using it like a robot with a fixed amount of money, don't increase or decrease it... ... u might modify it.., depends how it suits u... but for example there was a cross today, and u were suppose to buy @ 08:05 gmt as that was the confirmation candle and wait for 120 pips might go or not, but even if it reverses at this point and crosses back u still make a profit and on the next cross u sell, before the time i told u, 10:30 if i remember one of my colleagues does only this like a robot and this month had 307 pips, just asked him
Originally Posted by 4xer
just realised is 11:05 now, the strategy time has passed...if it crosses lower, no selling... that if u respect the time ... now u are still suppose to be long @ 142.90... what the hell is happening ???? u made ure 120 pips
Last edited by mihaia2002; 04-16-2010 at 06:07 AM.
04-16-2010, 06:11 AM #13672
Anyone know why UJ blasted up?
I just shorted HEAVY 143.70
ADD- Just closed for 30 pips GOOD MOOOLAH!
Last edited by 4xer; 04-16-2010 at 06:16 AM.
04-16-2010, 06:18 AM #13673
04-16-2010, 06:26 AM #13674
What just happened? Anyone know why UJ blasted up then down inside 20 minutes.
I aint complaining. Made Moolah! I just cant seem to figure out what happened.
04-16-2010, 06:27 AM #13675
Last edited by mihaia2002; 04-16-2010 at 06:35 AM.
04-16-2010, 06:33 AM #13676
USD/JPY: 45-Point Bounce On Lawmaker Intervention Talk London, April 16 (IFR) - A sharp rebound from levels around 92.65 to 93.05 following the latest intervention talk from the Japanese ruling party lawmaker. The lawmaker said that monetary easing and intervention were needed to weaken the Japanese unit and beat deflation.
Given the failure in the Yen to better the 92.50 level the market was probably ripe for some profit taking so the intervention talk had more impact. The session top at 93.15 provides the initial resistance point.
04-16-2010, 06:41 AM #13677
Originally Posted by mag35
Short again @ 143.55. Not big just an entry size
04-16-2010, 06:43 AM #13678
Later Mihai! Good Pippage and let the next week treat us just as well!
Originally Posted by mihaia2002
04-16-2010, 06:45 AM #13679
i in any case I see that bulls do not deliver the arms. I observe that the all corrections they is small and immediately the prices they turn behind and the bears they do not have force. this makes me little wonder.
04-16-2010, 07:03 AM #13680
10:56 GMT April 16 UK clearer and US name buying helped inflate cable from an
early Europe 3-day low of 1.5366 to a London morning high of 1.5475. Touted
offers at 1.5500 (option expiry level) are an appreciation obstacle beyond.
The 1.5366 low was plumbed after the pound took a hit on the back of UK
political uncertainty, re: last night"s "victory" for LibDem leader Clegg in the
first pre-election television debate between Britain"s three largest political
party leaders. Upcoming opinion polls will show if the LibDems attract support
from the Tories and Labour--thereby increasing the probability of a "hung"
parliament on May 6. The latest YouGov survey for The Sun (conducted pre-debate)
showed a 4% rise in LibDem support to 22%, with Tory support down 4% to 37%.
Sterling scaled a 7-week peak of 1.5524 in early European trade yesterday,
as the continent digested a Crosby/Textor poll for The Daily Telegraph
suggesting that the Tories "are on course for a convincing election victory".
0.8800 offers capped an early Europe Clegg win-fuelled rise in EUR/GBP.
0.8747 marks the ensuing sell-off low.