Agreed, if trading one trade at the time. When running multiple trades, leverage does come into play.pakeha » Fri Dec 05, 2014 7:58 pm wrote:....... If you don’t mind I would like to have your view on my trades, because I think I might be using too high leverage. This is only a Demo account, where I have 100,000USD, and I traded with 1lot positions, because I think I read that Bob is using 0.5lots in 50,000USD account.
Did you guys have similar results? Was this a normal day, or did I miss any big event that went big on my way? Or did I overtraded? ........
JFonseca
Hi
One standard lot trade on a $100,000 USD account, or 1%, is usually considered "unleveraged". So your 6+% is a very nice day at the office.
Should also have mentioned if you can keep your drawdown at 15% or better (preferably 10% or better) while all your trades are open (i.e. equity as a % of balance) that is also a good indicator that you aren't "overtrading", or having too many trades open at any one time.pakeha » Fri Dec 05, 2014 2:58 pm wrote:....... If you don’t mind I would like to have your view on my trades, because I think I might be using too high leverage. This is only a Demo account, where I have 100,000USD, and I traded with 1lot positions, because I think I read that Bob is using 0.5lots in 50,000USD account.
Did you guys have similar results? Was this a normal day, or did I miss any big event that went big on my way? Or did I overtraded? ........
JFonseca
Hi
One standard lot trade on a $100,000 USD account, or 1%, is usually considered "unleveraged". So your 6+% is a very nice day at the office.
Hi J,JFonseca » Fri Dec 05, 2014 8:07 pm wrote:
I don’t know any other Portuguese trader who is using HGI, but if you happen to come to the North of Portugal I would enjoy very much to receive you and your family.
You are a kind man.Gertje » Fri Dec 05, 2014 7:12 pm wrote:Hi guru,fxguru » Fri Dec 05, 2014 7:04 pm wrote::hi: Fellow traders,
I am seeing post about amazing results using HGI. Can anyone share what is the ideal way of trading the HGI?
What is the perfect set up? Are we taking the direction from the 240 TF and trading from the 60min TF?
Do we wait for wavy lines on the 240min TF and trade in that direction on the 60min TF.
Please can anyone help thanks.
I humbly suggest reading the booklet attached to post1, and then start reading post2, post3 etc.
There are millions of ways to trade this, by reading you find your own.
You have over 50 hours before the markets open again for a new week, so there's no rush.
Best,
Gertjan
You are in a good mood today, Steve, I expected it to be 'fxdimwit' ...SteveHopwood » Sat Dec 06, 2014 6:27 am wrote: You are a kind man.
fxfuru has just had his name changed to fxlearner and received a blast from me. If he 'contributes' stupidly again, he will lose the ability to contribute at all.
Nope. Invite those guys over here. They sound like they might be on to something. Somebody said somewhere at some time that FF is owned by the more criminal of the so-called 'brokers'. I am quoting hearsay and so do not know if this is true; if so, it sure explains the behaviour of TIT and the rest.Eamonn » Fri Dec 05, 2014 7:54 pm wrote:Talking of Forexfactory ever wondered why you never got a system over there that ever made any real money ?
Well it looks like there has been a major cull over there to day with a lot of the very savvy traders and coders getting the boot.
It seems that Kiads and few others were onto something that was a surefire winner and the powers that be didnt want their retail forex traders making any money so " HeaveHo" off they go, subscriptions revoked.
Steve had a bit of that a few years ago with FF and thats why this place exists now, thank god he set this place up.
Can you imagine HGI being allowed ovethere ?
I considered it. I am indeed in a good mood. On another day.......renexxxx » Fri Dec 05, 2014 8:30 pm wrote:You are in a good mood today, Steve, I expected it to be 'fxdimwit' ...SteveHopwood » Sat Dec 06, 2014 6:27 am wrote: You are a kind man.
fxfuru has just had his name changed to fxlearner and received a blast from me. If he 'contributes' stupidly again, he will lose the ability to contribute at all.
Hi Fonesca, forgive me if I'm stating the obvious, but this was not a normal day, it was a big event, the first Friday of every month is the biggest event in the forex calendar commonly known as Non Farm Payroll. Like I say forgive me if you knew that, and welcome to HGIJFonseca » Fri Dec 05, 2014 7:07 pm wrote:Was this a normal day, or did I miss any big event that went big on my way?
