My trading diary - long term positions + my money management ( live trading)
Actually I open EUR/JPY at price 156,14 direction UP = BUY
When I will close this position I will update it here.
Hmm…I’m not convinced long term that this pair is going up just yet. Ranging in the past two day. Fib extension on a daily still looks strong to the downside to 153,75 level. But I hope you are right. You need to put S/L and target levels for good information to others.
Thanks,
S.
I also think i will go down a bit more before you can go long with it. I am also waiting for it to divert so i can ride it.
I will use limit price 158.97 for close the position.
I will close position on 158,02.
PROFIT TODAY + 188 pips.
base on your day posted 01-17-08
u long around 156.14 limit at 158.02
the market fall against you MINUS 400 points
i think by that time, u already closed your position
hi,
no, I use stop loss about 500 pips. So this position I have really on my account.
so youre risking 188 pip profit for a 500 pip loss? :eek: i would rethink that strategy. just my opinion.
You will see that it is more profitable strategy than many others.;). It was extreme, because of situation on the market… how everybody know.
Normally can be floating loss less than 200 pips and average profit is about 170 pips per position.
With this strategy I have not to sit with my PC all day… just couple of minutes per day. 
so how do you determine if youre placing a 500 pip or 200 pip stop loss?
I use everytime 500 stop loss, it is my maximum… for protect my deposit… this near 400 happend about 10 times per year… and only 1x I loss really 500 pips.
In other ratio, average floating loss is about 200 pips per position. Average profit is about 170 pips and I trade only about 40 positions per year… so you can calculate how is my yearly profit…:)… + I use multiply lots… so it is cumulative…
good luck!
THE RATIO WIN VS LOSS
average 3:1
your ratio win vs loss
1:5
wanna vs me dis week ? till friday ?
No it is not 1:5 or 1:3 … last year it was only 1x loss 500… from 40 positions…
I wrote about floating loss… not close loss position…
When I trade long term… I dont need to catch small profits and I have to know about more floating loss with this startegy…
Ok FXTH MR.Smartie Pants…pray tell what is your secret to swing trading success? Tell us HOW you get such great results; what is your strategy and what indicators do you use?
now I open SELL at actualy price: 158,56
I open SELL at actually price 158,56 … ( sorry I have it here twise… I can not find the post 8:34…)
please give me more info on this system !!!
give me more info on this strategy