I am going to start posting signals in real time for how I trade with my system.
I am only giving signals for EUR/USD.
I shoot for 5-10 pips a trade, because I deal in ten 100K lots, so each pip is equivalent to $100USD.
Check it out. You may be surprised.
Bought EUR/USD @ 1.3660
Limit @ 1.3670
No stop loss
Down 7 pips right now, but still holding it.
Wow that is a lot of lots to be trading. Best with your trades.
Do you think a breach of 53 might not be good for this pair?
In order to make trades of this many lots, you would need 1k per 100k lot. All in all, we are looking at 10K that needs to be in your account to trade with this many lots. In my theory if you have it, use it. There is no sense of making many smaller trades because what will happen is you will win some, and lose some. Capital gained will not be anything significant if you trade 1 - 100K lot. $10USD per pip with this currency pair, you would obviously have to make many more trades, or shoot for more pips.
Shooting for more pips: Really a gamble to trade like this. Do not be greedy. 5-10 pips per trade should be sufficient when dealing with this many lots.
Making more trades: Again, you are putting your money up in another gamble. I make 1 trade per day, trying to hit in the 5-10 pip range. If the trade only takes 10 minutes(which is what happened this morning), then I am done. Know when to say when. Now if I lose a trade, I will try to get in another to at least make up for the loss.
Too many traders have a poor ratio of wins to losses. They spread themselves too thin across the market. This is not my style.
On another note, I am confident in my strategy. Trust me. When I was testing, and calibrating this strategy I did not use so many lots.
I do trade by technical analysis, using a combination of indicators, but I also use my own judgment as a final call.
Alot of people over think it entirely. It really is quite simple.
Let us be stupid about it, and say what it really is:
The market price can either go up or down for any given pair.
You have a choice to buy or sell that pair. That is about a 50-50% call.
Those are good odds to begin with. I will bet on a 50-50 any day.
Add in special indicators and the odds improve depending on what you use.
Keep your pip goal low, and you increase your odds of reaching that goal.
Like I said, it is not all that difficult to produce results.
I trade like I am running a fund, because that is my goal. I do not want to lose ANY trade, just like the next person.
At the same time, I want to keep constant earnings no matter how small of a pip count. I want to keep my pip count low, and my earnings high. This is just me. I want to stay in the trade for the least amount of time possible.
So what if the trade went way beyond my stop limit. I was in the trade, and I came out of it a winner. No big deal.
Check out my signals, and you will see what makes me confident enough to trade this many lots. I am rarely wrong.
My small steps with the pips is a constant positive pace that produces results.
This trade, my first signal here, is already doing what I anticipated. At the time of writing this post, I am 3 pips ($300USD) in the good with the 3 pip spread already deducted.
I do want to keep this thread for just signals though to make it easier for anyone that wants to follow them. This way it makes it easier for reference.
Lowered the limit on my EUR/USD trade from 1.3670 to 1.3665.
This will give me 5 pips or $500USD
Had to lower the limit, because I want the trade to close before I go to bed.
zalgo, thanks for the explanation. I don’'t swing for the fence either. My goal is to trade what I see and not what I think. Often getting greedy kicks butt, well at least mine…
Best with your trading!!
so do u deliberately don’t set a stop loss, prefer to monitor it constantly?
Yes, because It goes my way like 95% of the time.
Won the last trade.
New trade:
EUR/USD
Bought @1.3665
Limit set @ 1.3673
Zalgo
Can I take it you have very little margin left after buying 1000K, and this effectively acts as your stop? Otherwise, if you still have (say) 40K margin left and no stop loss, you risk losing a lot on that one bad trade that’ll surely come one day.
I have done a similar thing with EUR/GBP in the past which may be safer as it is generally rangebound and although moves less, is worth more per pip. Have
you tried this?
Thanks - just interested!
Short EUR/USD
Bought @ 1.3703
Limit set @ 1.3695
Won last trade!
After engaging a trade, I have about 17K of usable margin. Trading with my amount of 100k lots, the market would have to go 170 pips against me for the trade to auto close. It has not happened yet.
The next part of fine tuning my strategy will be where to place stop losses as to not quit the trade before a reversal in the market, but still being able keep an effective insurance in case the event the market does move that far against me.
Won the last trade.
Thats 3 for 3.
I will not be posting a signal today. I do not like the possibility of holding a trade over the weekend.
Short EUR/USD @ 1.3811
Stop loss @ 1.3818
Stop limit @ 1.3798
Change stop limit to 1.3803