Quote:
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Originally Posted by SoundFX
DJinney
I'm using 400:1 have had ups downs with this account started on this thread. Started with $287 on August 4th took it to a of $3100 as of yesterday though with current drawdown its at $1900 now which is still not so bad but AWFUl compared to where I was yesterday. Took a $370 loss on the CAD am holding the rest hoping for a breakthrough tomorrow. But even $1000 would be a remarkable month. (Hell $500 would be a great month considering the starting balance). That's surely do-able even with a big loss. I'm expecting to make ground tomorrow. My positioning varies greatly though depending on my surety of the trades. Probably just trading the GBP day-by-day would have yielded greater sustainable profits but oh well. I decided to trade the Yuppie Loonie which have resulted in the largest losses drawdowns thus far. We'll see how she goes.
-SFX
P.S. That said for divergence traders the best most profitable ps still are the Eur Gbp. CHF ps. The rest pale in comparison.
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Thanks for the reply sir. what was the number of lots you held during that time?
I am asking this because I reckon it can be quite risky to average down positions I want to gauge how far with the leverage you went with your account... I know at the end of the day it depends on one's risk appetite I'd like to see how you hled this since you seem to have a good grasp of this style of trading.
if I may ask when do you pull the plug off a losing position? I mean do you have a set amount of losses you are ready to take or each case has its merit or anything else? For example why did you take the loss on the USDCAD?
Thanks for the time keep up the good work (although I'm sure watching your account grow is ample encouragement
)
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