GBP/JPY....EUR/JPY....month to month/pending orders/signals

[Phillip]

Originally Posted by Summerset

To give an idea of the drawdown allowed under yr strategy as related to account size.

Dear Summerset.....as u know anyone trading long term,the size of hes/her account should be big enough/able to stand the drawdown, and hold positions for months.
1. Account Size.................Huge
2. Drawdown Size................3%
3. Strategy..........................Long Term

Phillip

[Summerset]

Originally Posted by Phillip

1. Account Size.................Huge
2. Drawdown Size................3%
3. Strategy..........................Long Term

Phillip

With a 3% DD, currently estimated at 26000 points compounded from a max of 1500 individual points moved against yr position, then the account size should be ~ 850 K.

On the other hand, if the 1500 pts moved, were in yr direction, you would be generating a mere 3% of equity on a near Million account.

Hardly worth it for an account that size ! So when will we get to make real money sized with a MIL account ?

At the moment, on the current positions, you need the market to compound 85000 pts in yr direction, = 5000 individual pts using the current lot sizes, only to make 10% on the account. Which is of course near impossible on any long term projection.

So why not increase lot sizes to 40 & 50 standard lots per entry, as is normally the case with accounts that size, to generate appreciatable equity related to the account ?

[Phillip]

Originally Posted by Summerset

With a 3% DD, currently estimated at 26000 points compounded from a max of 1500 individual points moved against yr position, then the account size should be ~ 850 K.

On the other hand, if the 1500 pts moved, were in yr direction, you would be generating a mere 3% of equity on a near Million account.

Hardly worth it for an account that size ! So when will we get to make real money sized with a MIL account ?

At the moment, on the current positions, you need the market to compound 85000 pts in yr direction, = 5000 individual pts using the current lot sizes, only to make 10% on the account. Which is of course near impossible on any long term projection.

So why not increase lot sizes to 40 & 50 standard lots per entry, as is normally the case with accounts that size, to generate appreciatable equity related to the account ?

Dear summerset.....I hear you....by the way how to post an attachement here....cause i tried but it just could'nt upload so I thought might be the file is too big....and I had just spoken to my partners about increasing the lot sizes...we havent reached an agreement yet.

Phillip

[Phillip]

No Change in Positions

short EUR/JPY @ 156.00.....................Running
short EUR/JPY @ 159.60.....................Running
short EUR/JPY @ 160.00...................Running
EUR/JPY short @ 159.80 X 10....we will set stop loss evry 54pips prft (50pips + 4pips spread)


short GBP/JPY @ 233.00 X 10..............active
short GBP/JPY @ 233.60 X 10..............active
short USD/JPY @ 115.00 X 10..............active
short GBP/JPY @ 235.14 X 10..............active
short GBP/JPY @ 236.00.....................active
short USD/JPY @ 116.00.....................active
short GBP/JPY @ 236.00 X 10..............active
short GBP/JPY @ 237.62 X 10..............active
short GBP/JPY @ 238.80 X 10..............active

Pending Orders
short USD/JPY @ 116.90 X 10.............waiting activation

let the fireworks begins..!!!!...as Iris says
Phillip

[Summerset]

Originally Posted by Phillip

Dear summerset.....I hear you....by the way how to post an attachement here....cause i tried but it just could'nt upload so I thought might be the file is too big....and I had just spoken to my partners about increasing the lot sizes...we havent reached an agreement yet.

Phillip

Hit manage attatchments, & upload.
The file must be in one of the directiories shown, and less than 1.3 MB size I think. If its more than 1.3, try zipping it. If still greater, take 1 or break into several JPG shots of it, and upload them individually.

Hope that helps.

[Phillip]

Originally Posted by Summerset

Hit manage attatchments, & upload.
The file must be in one of the directiories shown, and less than 1.3 MB size I think. If its more than 1.3, try zipping it. If still greater, take 1 or break into several JPG shots of it, and upload them individually.

Hope that helps.

Thanx....appreciate it....I'll try in a while...

Phillip

....i just cannot upload.

[Phillip]

No Change in Positions

short EUR/JPY @ 156.00.....................Running
short EUR/JPY @ 159.60.....................Running
short EUR/JPY @ 160.00...................Running
EUR/JPY short @ 159.80 X 10....we will set stop loss evry 54pips prft (50pips + 4pips spread)


short GBP/JPY @ 233.00 X 10..............active
short GBP/JPY @ 233.60 X 10..............active
short USD/JPY @ 115.00 X 10..............active
short GBP/JPY @ 235.14 X 10..............active
short GBP/JPY @ 236.00.....................active
short USD/JPY @ 116.00.....................active
short GBP/JPY @ 236.00 X 10..............active
short GBP/JPY @ 237.62 X 10..............active
short GBP/JPY @ 238.80 X 10..............active

Pending Orders
short USD/JPY @ 116.90 X 10.............waiting activation
short GBP/JPY @ 240.11 X 10.............waiting activation

Now the last Pending Order set @ 240.11 on GBP/JPY would be the last addition as we position ourself for a move towards 215.00...let the fireworks begins..!!!!...as Iris says
Phillip

[Phillip]

Ladies and Gentlemen.....we will set a protective stop /lockin profits evry 109pips on GBP/JPY......Enjoy the ride...!!!!
Phillip