Open trading account scramble's Blog
Scramble has published strategy June2017
Will set pending orders on new m15 candle based on Ema and ADX
readings. Target will be MINMAX indicator levels. Position size will
be a fixed % of equity - can cause a major % drawdown but will give
it
a try - and will use GBP USD as fixed instrument. A protective SL is
120 pips away from entry but in case of reversal conditions, the
strategy will close the existing order / position (average loss is 20
to 50pips).
readings. Target will be MINMAX indicator levels. Position size will
be a fixed % of equity - can cause a major % drawdown but will give
it
a try - and will use GBP USD as fixed instrument. A protective SL is
120 pips away from entry but in case of reversal conditions, the
strategy will close the existing order / position (average loss is 20
to 50pips).
Loss recovered, back in the game!
So, took me about 3 months to recover a 30 minutes craziness where I lost almost my whole contest account.
How did I do that?
The answer is really complex indeed. It was not only just 1 problem, a distraction or things like that....
Trading requires some abilities in order to be constantly profitable and these are not found in what we are used to in a standard environment. It's not certainly the attitude to do something more, or to calculate something better, or stuff like that.
In my case, it'…
Blowing a 190K account in 30minutes
Yes I did it.... almost eheh!
Yesterday I woke up on the wrong side of the bed, and I started selling the GBP USD. After few minutes my mind changed and for a misterious reason I started buying overleveraging.
Then few minutes later I started going in panic and cutting trades for 10 to 30 pips loss.
That is... 110k gone in few minutes.
Lesson: overleveraging is dangerous and can lead to a complete failure.
Yesterday I woke up on the wrong side of the bed, and I started selling the GBP USD. After few minutes my mind changed and for a misterious reason I started buying overleveraging.
Then few minutes later I started going in panic and cutting trades for 10 to 30 pips loss.
That is... 110k gone in few minutes.
Lesson: overleveraging is dangerous and can lead to a complete failure.
New market ?
What will market believe this week? I mean, last week it's been said there was the idea of a strong dollar based on the guess for a rates hike and a Trump policy. It also was said that the GBP was strong based on the idea that no matter what, UK and the US will continue good partnerships.
So this week will be everything confirmed or are we going to see a complete change in the scenario and then later someone coming out and saying "Ah yes, market this week changed mind because of this and that.."…
So this week will be everything confirmed or are we going to see a complete change in the scenario and then later someone coming out and saying "Ah yes, market this week changed mind because of this and that.."…
The Euro series...
So EUR/USD up... EUR/USD down...
Seriously: is there any particular reason why one should be forcing his brain in trying to understand if and when eventually a rate hike in US will be executed? And even in that case... is there any clear way to trade the event profitably? I personally see no reasons why the US would eventually hike more interest rates anytime soon. 1 year of somehow not bad economic data is definetly not enough after some decade of recession. That's it.
In case there will be soo…
Seriously: is there any particular reason why one should be forcing his brain in trying to understand if and when eventually a rate hike in US will be executed? And even in that case... is there any clear way to trade the event profitably? I personally see no reasons why the US would eventually hike more interest rates anytime soon. 1 year of somehow not bad economic data is definetly not enough after some decade of recession. That's it.
In case there will be soo…