s $1,000 to anywhere trading horror show
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Thread: s $1,000 to anywhere trading horror show

  1. #1
    Dear all,

    I moved some of my funds to Oanda again that gives me the chance to use MyFxBook again. Here is the link on MyFXBook:

    http://www.myfxbook.com/members//5k-1m/38555

    I begin with $5,000 now an adapted BWILC style almost without fundamentals but only some kind of range trading.

    Wish me luck.

    Start on 01st of July 2010
    Start balance: $5,000

    Results

    07-2010: $8,533.13: 70.66percent

  2. #2
    Thanks!

    Regarding the Euro: Call me mad but I believe we'll see an ECB rate hike this season (yes 2010).

  3. #3
    Hello,

    I hope you put a S/L on all your trades. Otherwise it's a blood bath. . You took -190 on EU -90 on AN and -100 on UC as of today, assuming you do not have any stop losses on all pairs.

    EU is touching 1.30 level just what I stated in your previous journal, whereas domino said differently. You are trading against the trend and price transfers market, not the other way round.

    I apologize in advance. I have no aim to harshly criticize you, it's just that sometimes you also need to have a study in price movement. Do not rely heavily on just news or fundamentals. And you need to know what works best for you. If you can combine both, great. It'll smooth your trade. You and I are traders .

    Hope this helps.

  4. #4
    Thank you for your remarks, I really apreciate it!

    But you might notice these 190 pips in the Euro lead to an unbelievable floating drawdown of 1.9 percent on account of the simple fact that I utilized 1,000 units.

  5. #5
    Because of problem with MyFxBook and like I Enjoy a clean history I'll Proceed to a AUD sub account (at Oanda). Like I just started this isn't a problem and offers me the chance to show the correct balance chart via MyFxBook.

  6. #6

  7. #7
    So that's how it looks like after week :

    http://www.xaron.net/dl/fx/2010/aud/account_080510.png

    Leverage at its borders but following this massive drop I just use those levels to get in cheaper.

    Next week will be crucial particularly for the Euro. I believe it will appear enormous, if not I shall cut my positions.

  8. #8
    May 8 (Bloomberg) -- European leaders agreed to put up an emergency fund to stop the spread of Greeces fiscal woes, wanting to prevent a sovereign debt crisis by shattering assurance in the 11-year-old euro.

    Jolted into action by the sliding currency and soaring bond yields from Portugal and Spain, leaders of those 16 euro states said the workings of this financial backstop is going to probably be hammered out before the markets open on May 10.

    We'll shield the euro, whatever it takes, European Commission President Jose Barroso told reporters early today after the leaders met in Brussels.

    Europes failure to contain Greeces fiscal astrophe triggered a 4.3 percent drop from the euro this week and led the U.S. and Asia to rally round in a bid to prevent a worldwide sovereign-debt astrophe from pitching back the world into a recession.

    European officials failed to disclose the size of the stabilization fund, to be composed of cash borrowed by the European Unions central authorities with guarantees by national governments. Finance ministers will meet 4 pm tomorrow in Brussels to flesh out the details.

    Once the markets re-open Monday,'' we'll have set up a mechanism to shield the euro, French President Nicolas Sarkozy said. If you dont think thats significant, you havent been to many EU summits.

  9. #9
    I've added another EUR/USD long at this time. Things are advancing suprisingly fast. Might become a very interesting Sunday opening...

  10. #10
    Good luck! You seem to get an extremely smooth start and based on your articles amount you have to potential to generate a sweet equity curve!

    I will be watching you carefully

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