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I don't know. I haven't tried it. lol How about starting some talk at tfxh dickweed. hehe
Another thing that everyone who views my statement should know. I got curious as one might say, and purchased FAPTurbo. Any of the recent EUR/GBP trades that you see are made by the commercial EA FAPTurbo. I might add, it has been nothing but profitable for me. I have it set on very low risk, it is a scalper and only trades 4 hours a day Monday-Thursday. I think it has only lost 1 out of 14 trades. Call it a scam if you want, but it's making money for me and is a great thing to run in the background. This works with MT4 accounts only. I enjoy the small profits that it returns while i'm away from my account.
I didn't take it that way. I certainly made a huge trading mistake, that I have since recovered from...thankfully! I think I trade well, other than the occasional mistake. This last mistake was very damaging to my account. Just think, I should have $8k right now rather than $4k...but my mistake destroyed that. I stopped being cheap and decided to pay IHUB...so now I can post as much as I want. LOL Click on my IHUB username and TFXH is my favorite link. It is my site, so I don't want to seem like i'm advertising as I like the IHUB and don't want to get booted off. Thus the reasoning for beating around the bush on TFXH
Right now i'm long USD/JPY and short USD/CHF in one live account. I'm also long AUD/JPY as well as USD/JPY in another live account and am currently only short USD/CHF in my contest account. Just closed the other contest postions. Gonna hold USD/CHF short until TP. This is my last post of the day, i'm out of my 15 post limit. I'll be hanging out at TFXH if you want to chime in.
Check out:
www.kumotrader.com
This is where I studied the Ichi indicator. It works well on the cross/jpy pairs only on 3 hour and daily charts.
EDIT: It works on 1 hr charts as well
I do well...i mentioned here the otherday about a mishap that blew my contest account to the count of 25K...I trade the same in my contest as I do my live account, so my live account took a massive hit. One thing to note is that my contest account was 25k at one point yesterday...lol so I've done well yesterday evening and today. You should see my live account looking a little better now. I was down to about 500$ because of the mishap, but now it's at 3770 unrealized. Now my contest is at 100k unrealized. I try to trade where the market is going. TFXH is The FX Hub. Same site as my live statements. I just posted the charts under the "Trading Journal" thread.
Peace
I will post the charts showing historical trades for all of my contest trades. They'll be over at TFXH
I throw caution to the wind(calculated caution!) with real money and play money....
My live account statement for my Forex.com account can be viewed at
http://www.thefxhub.com/index.php?pageid=statement
This is updated every 10 minutes.
Feel free to review the trades and how I trade. I like to follow the market, use trend lines, fibo's, and the king of my profits is the ichimoku indicator.
Contest Update:
90,147
Floating profit of 3,600
Unrealized balance 93,747
I almost pissed myself when I saw Daiello's...you should append crazy to your username. I think i've been outdone!
Live statement on TFXH:
Ok, TFXH's live account statement updates every 10 minutes. Don't pay attention to the disaster on the 3rd...lol...that was a SL error on my part that I mentioned here the other day. I have recovered from that mess and am back in business. I will add a link to TFXH eventually, that will be limited to registered users only, for now, feel free to analyze my crazy trading at:
http://www.thefxhub.com/index.php?pageid=statement
If you receive a page not found error, just refresh as it means that it is currently updating.
I will add a comment section to the statement that will note which trades are made by an EA, or which ones are made manually.
I am working on a means of posting all trades I make on TFXH in realtime. If your interested, keep an eye on the site.
I'm also short usd/chf at current levels.
Certainly the markets are odd these days. I think that people are looking for good times to unwind short positions against JPY. I continue to buy cross/jpy, i'm long usd/jpy from last night, and will be buying aud/jpy and gbp/jpy on any decent dips. I think the rallies in cross/jpy are looking to the near future....
Anyone figure out why the heck the contest doesn't update?
Its all good. I think that its wrong to force investment banks etc. to report unrealized losses, as they may be future gains. I think that's what the whole purpose is, it allows for investment banks, etc. to report realized rather than unrealized. On the flip side, forcing them to report unrealized could be considered being more transparent as you stated in your post.
More reasoning for me to continue to buy cross/jpy on dips and reap the rewards. Did you grab that .mql4 file from tfxh and try it out?
Then what are you asking in your post? If you know mark to market, then your other post doesn't really make much sense.
Mark to market means that companies, or individuals, must report losses, including current losses(or profits) that have not been closed out yet. I "mark-to-market" for tax purposes. If i'm holding an open position at the end of the year, and it's -10,000, then i can report is as a current loss. It goes both ways though, perhaps i'm up 10,000, I have to report 10k in gains as of Jan 1st, however, if this turns into -10k, I still have to report +10k for the previous year, then I can report the -10k loss at the end of the current year. The problem with banks, is that they will not be forced to report the losses of current "open" investments until they close the transaction. Make sense?
Thanks Jester. Good info
check tfxh ea repository. I added the basic code you requested. I'll work on it further when I have time.
looking to buy aud/jpy back around about the 58.30's. All of my trades of aud/jpy are based on ichimoku analysis. good stuff on the cross/jpy pairs.
Just took a quick browse of the news for today....don't find the reasoning behind the cross/jpy rally. Anyone want to enlighten me? I saw the post about fannie-mae...that can't be all.
Contest update:
Thanks to the aud/jpy longs that I mentioned, my balance is now 83,984.
Peace and good trading.
JrB
lol...No, I think we start recessions, and live in them for 3-5 months, then we finally admit that were in a recession, after that, the market will bottom 3-5 months before the end. So basically, according to our govt. we only had a 3-5 month recession rather than a 12 month recession. Right? I think that if you throw trash into a trashcan, it will get buried in the dump...that's my thoughts of the bailout. The only benefit is that it will help to create market confidence.
Historical fact: Markets bottom 3-5months before the end of a recessionary period.
An announcement about passing of the stimulus will run cross/jpy up well over 100 pips in seconds. It may come back down quick, but that's fine with me cause i'll take it on the way up and back down. The Dow, as someone else mentioned, will hit the 9's. Just my opinion though....not a fortune teller.
Everything's short term in the FX market. How long ago was it that usd/cad was less than a dollar and gbp/usd was greater than 2.00?
Yup...dollar will get crushed with the exception of usd/jpy.
I'm holding aud/jpy longs at an average of about 57.17 or so. gonna hang on a bit. Hoping for a break of 58.50...which may open the way for 60 or so.
Don't forget about the pending stimulus deal. Passing of this will bring risk appetite back into the market, in turn, we'll see a rally in cross/jpy, eur/usd, gbp/usd, etc. $900bil in spending will be damaging to the usd i'm sure.
I must have missed your post...
Ohh...since the contest value thing isn't working, i'll post my update. -24.3k lol I got f'ed by a missing stop loss. I'm crawling back though, my unrealized is at about +17K right now.
JrB
Oanda FXGame Beta has trailing stops.
goodness...I had an account disaster overnight. Lets just say that if you have more than one position in the same pair, with the stop losses all at the same level, make sure that all of the positions have stop losses. lol
Danish Krone
Yes, same leverage, you can choose fixed or fractional spreads. You can download MT4 from the metaquotes website and play around with it in a free, live demo environment. It's a little more complicated than some platforms, but it's extremely powerful in my opinion.
Another thing to note is that a Forex.com-MT4 account allows you to trade 1k, or as you know it .01. The regular Forex.com account will only let you trade 10k, or .10, as a minimum.
lol...now you know. if you margin call, and don't have but $2.00 left in your account, you can still trade. hehe
Giving me perfect ops to short. love it
One nice thing about Oanda is that you can trade as little 1 "unit" if you want. Not 1000, not 100, but 1. lol Great way to test strategies in a live environment.