It seems to me that by entering 20% of the account in each trade, then you will have a similar mm: ie 10% account increase when banking 100 pips on USD crosses; and 1,000 pips of maximum dd (or 980 before a marginal call).
The 20% MM rule, might increase the number of people saying... ohhh Paul...
Re: The majors update
Paul,
I was reading your thread and some calls you made are incredible... I wonder how you predict where is the price going to bounce. I have to say that using that software turn out to be a disappointing experience, but there is no question about your calls. If anyone...
Lord Flash,
Strongly disagree with your statement for multiple reasons, but mainly because it does not offer anything positive to anyone.
He trades live and he proved it already. Hope you do make a statement when proven wrong as well and talk something positive.
On another note, why serious...
A potential intervention is what concerns me sometimes... but because these 2 ccys are so overpriced and hurting their own economies, IMHO If the central banks are to intervene, they would be depreciating these two safe haven ccys, I can also be wrong.
I stated that I saw a correction coming because price was oversold on the 4HR TF. Prices do make corrections, last week there was a risk of aversion sentiment that made the correction go farther before reversing.
I noticed that you used the word gurus, in a sarcastic manner and posted this to continue a discussion about trading.
If someone entered at 1.2971, there were possible 300 pips of profit, Paul helped people in the past by sending signals and telling them when to close the trade, in addition to...
I'm glad you got your computer back Paul.
I particularly liked this call on the USDCAD pair: >1.0464>1.0700>1.0361.
"This is the route it took-- 1.0470>1.0672>1.0385."
I will send you my view for the week for some pairs again.
EURCHF was more oversold than any other pair, ant it reached the bottom last week at 1.2971. It is now starting an uptrend and the pips we can make out of it is what makes it exciting.
IMO it will correct now, and I will be looking for a the bottom of the correction to enter a long position...