Good luck on your project.
Here's the update for 1/29/2008.
Up 8.16percent to the day, 37.4% overall averaging 5.49percent every day, 6 trading days.
Closed 4k, last night as Bush had been talking.
EUR/USD the pair of choice.
Lots of news ... lots of chances to make money!
7:15'm USD ADP Nonfarm Employment Change 40K 40K
7:30'm USD GDP Annualized q/q (de ) 1.2% 4.9percent
7:30'm USD GDP Deflator Annualized q/q (de ) 2.6% 1.0%
9:30am USD Crude Oil Inventories 2.3M
1:15pm USD Interest Rate Statement 3.00% 3.50%
1:15pm USD Discount Rate 3.50% 4.00%
The large question, EUR/USD Up or Down?
This is great task ahed of you, great to see that someone is trying something outside conventional money management principles
what are the biggest drawbacks, how can you try to protect yourself from losing your acc??
What type of system do you use - more mechanical or discretionary??
Good luck
Truly money management is a big portion of my system. If I'm going long/short for more trading times I want to have the ability to float with all the ups and downs nevertheless get as big a return as I can. The most I've had in play was roughly (Gasp!) 50% account worth and a SL that would have only cost the account $30 (10%) if it triggered. It would take a while to make up however that I could weather the drop.Originally Posted by ;
A Little of 14 SMA WMA, SAR 0.02,0.2, news (markets aside from FX, global news), trends, largely 30m 1h plus a crystal ball.Originally Posted by ;
Thanks, when I might really need it is when I go live.Originally Posted by ;
[quote=;1827257]
A Little of both, 14 SMA WMA, SAR 0.02,0.2, news (markets other than forex, international news), trends, largely 30m 1h plus a crystal ball.
Quote]
crystal sounds great )) I could Begin using it if it works
Here's the upgrade for 1/30/2008.
Up 4.45percent to the day, 43.52% total averaging 5.35percent every day, 7 trading days.
6k long in orders of 2k, most of the day waiting for rate motion.
Largest move 63 PIP's.
EUR/USD the pair of selection.
Here's the update for 1/31/2008.
Down 1.11percent to the day, up 41.92% total averaging 4.54percent every day, 8 trading days.
4k long last night, missed TP by .0013, hit the SL, all before I awakened.
No other transactions now. After consulting the charts (looked like a compass in a magnetic storm), the crystal ball (only snow) and the magic 8 ball (all it said was Ask again, Potential cloudy and Response ), I walked away to the day. From what I have seen in some of the forums, could be the cleverest trade I ever made.
EUR/USD the pair of choice.
Here's the update for 2/1/2008, end of the week. Finally.
Up 3.21percent to the dayup 46.47% overall averaging 4.39percent per day, 9 trading times. Currently monitoring 4 times ahead of target.
4k long just before NFE (obtained a 1.2 spread!) . In Out. Done.
EUR/USD the pair of choice.
https://forexintuitive.com/attachmen...305890169621.1
This sounds like the $300 to $30,000 in six months .pdf which I ran across some time back...
Measure 1 $300 to $399 trade 1 mini lot 100 pips
Measure 2 $400 to $599 trade 2 mini lots 100 pips
Measure 3 $600 to $899 trade 3 mini lots 100 pips
Measure 4 $900 to $1299 trade 4 mini lots 100 pips
Measure 5 $1300 to $1999 trade 5 mini lots 140 pips
Measure 6 $2000 to $2999 trade 6 mini lots 166 pips
Measure 7 $3000 to $4499 trade 7 mini lots 214 pips
Measure 8 $4500 to $6999 trade 8 mini lots 312 pips
Measure 9 $7000 to $9999 trade 9 mini lots 333 pips
Measure 10 $10,000 to $14,999 trade 1 standard lot 500 pips
Measure 11 $15,000 to $19,999 trade 2 regular lots 250 pips
Measure 12 $20,000 to $29,999 trade 3 regular lots 333 pips
https://forexintuitive.com/attachmen...5255114300.pdf