You don’t have to, I do, but you don’t need to if you don’t want.
Thanks. but how to safely trade? adding the position or not? and what kind of thought or reason to how the initial idea was this?
Safe trading… Is it possible?
Its all about position sizing.
i just make my main trade and when price diverges i add little lots for safety
eurusd gbpusd
price has diverged nearly 90 pips within the last 3 hours
anyone else in this?
Personally I won’t be trading this. This move is due to a material change in the valuation of the Euro by the market participants based upon the ECB rate decisions and Draghi’s speech. These economic changes only affect the Euro, not Sterling which is why you see the divergence.
Of course I’m not saying you can’t get some pips out of this, I do expect some of the move is a knee jerk reaction so a small rally is now likely, just, be careful. It could be the beginning of a longer term divergence…
I’m at work at the mo, but I’m not trading today or tomorrow because I learn my lesson last month with the NFP.
New thought is to have all closed positions on NFP’s Friday release,
Very wise… markets are always twitchy before NFP…
What are the trading hours that everyone here trades?
Are there any people who can or do trade full time?
What are your typical trading targets? Ex. How many pips per trade would you be happy with? Pips per day/week.
Do you prefer mechanical or discretionary systems?
Do you prefer to develop your own systems or feel comfortable using others even though you may not understand exactly how it works? (as long as it does in fact work 
)
Out of every ten trades, how many trades could you lose and still be happy with the end results (all dollar/pip amount exactly equal)?
Do you prefer a system that makes small pips (25 or less) regularly around 3-5 trades a week or larger amounts ( 100 or more ) less frequently 2-4 a month?
Your answers will really help me out a lot. I would like to hear from as many people as possible, as quickly as possible. If you do reply please reference my screen name at the top so that it will catch my attention, or just message me with your reply. Thank you in advance for you help in this matter.
As always if you need me to answer any question for you…
cheers
Ok thanks we’ll see what happens
hows you eurgbp trades going?
ok and how soon would u start trading again
I haven’t been too active recently with this strategy. I’m not too happy with the exposure and the R:R so I need to find a balance…
I’ve been trying this system on and off, and I only started using an EA this past Monday, that closes my trades for me incase I’m asleep, so I’m not very experienced with this system, I’m still on demo.
I trade this system 24/5, I’m going to be experimenting to see how close to the weekend close I can get, I might just put small orders near to the Friday
Yeah I can trade full time
If eurusd gbpusd has a 20 pip divergence. I take away spread – 6 = 14 pips and then I go for half /2 = 7 pips
so TP 7 pips
Then if price diverges more (which is what normally happens) I will add small lots as I go
If I could make the 6% a week, 24% a month return that would be great
I prefer mechanical systems, where I would only enter if there was a signal or the maths add up
I’ve never developed my own system, and I think I speak for most newbies. I like to ask the creator of the system and the people following the system what are their results with the system, and then I will demo (like I am doing now with this system), I will read the whole thread/ do my own research to understand the system before I use it.
Out of every ten trades, how many trades could you lose and still be happy with the end results (all dollar/pip amount exactly equal)?
Well as long as I made profit after spreads would be good, I hope to make 6% a week 24% a month return, marijan993 made 80% in 20 days live, so I believe in this system
Do you prefer a system that makes small pips (25 or less) regularly around 3-5 trades a week or larger amounts ( 100 or more ) less frequently 2-4 a month?
Either as long as I made the 24% a month return
Using this system what’s the closest anyone got to a margin call?
Christinaa, thank you for the quick response, it will help me alot.
Margin call, what’s that using this method I haven’t even came close.
I work full time and I can’t have a pc in front of me as I drive alot, so my trading times are about 5am gmt till 8am when I have to go to work, then I get in about 5, so first thing I do when I get in is
Look at the charts, I keep the charts open, flicking through every half hour or so until I go to bed, usually about 10:30, so I can get up early to look at my charts at 5!!! I HAVE A LIFE!!! LOL!
thats ok
What’s your capital to trade ratio?
How much should I be trading if I have 3000 capital?
I am not using real money I am just using demo
When using the kelton system my ratio is ridiculously safe. 1000 pip loss would be needed to cause harm to my account. ( I keep it very small). Your stated goal of 24% a month would suggest that you need to be in for the maximum possible on a high percentage of your trades. A great deal would depend on how many trades you do in a month. Average length of time for each trade. Average drawdown. Win/loss ratio, and what leverage you are using. Do you keep these kind of stats? If you don’t you should start it will tell you alot.
EX. if you are able to do a high volume of trades and have a short average time span, with a high win/loss ratio then I would trade at the maximum amount possible leaving 3 times the maximum drawdown in reserve.
Hope that helps.
Hi guys what JPY pairs do you guys use? i have audyen cadyen, anything else?
Me neighter.
With eu gu this is a great system. 200 pip stop loss, 20 pip take profit and entry at 40 pip divergency is what is working best for me. 22 winners in a row!