Another trading game?
- Thread starter Steve
- Start date
My latest trade. I risk 6.25% within a 0.50 cent stop, accompanied by an initial 8.0 cent target. The Cable, retains solid fundamental and technical qualities.
You mean you went with trend and risked .5 to make 8! Thats just plane ridiculous! I mean totally insane!!!
I like it!
You mean you went with trend and risked .5 to make 8! Thats just plane ridiculous! I mean totally insane!!!
I like it!
Speculation is mostly ridiculous, until it works.
OK I think it is time to draw this to a close, thanks to those who have given feedback and also replied to my PM on the subject.
Where does this leave us?
1. Some form of game/compo will continue, probably starting December
2. The 'like' method of voting is flawed and we need a better set of 'rules' and voting mechanism/measure of results. If we even invite votes that is.
This i'll work on and let you know what's going to happen.
3. The jury is out on retrospective posting - some see it as an absolute outrage others as perfectly OK. I'm easy either way but I do have to seriously question if someone is really going to go to the trouble of posting a fake trade just to win something like this.
4. Sponsored prizes are seen as a good idea. I certainly agree but the days of the brokers being free and easy with their marketing spend are long gone. Definately worth a try but i'm not hopeful at the moment.
5. A real (demo) platform would be an asset. This might make 4) a more realistic option as there is more in it for the firm involved. We don't have one ourselves so without third party help this is not an option.
Where does this leave us?
1. Some form of game/compo will continue, probably starting December
2. The 'like' method of voting is flawed and we need a better set of 'rules' and voting mechanism/measure of results. If we even invite votes that is.
This i'll work on and let you know what's going to happen.
3. The jury is out on retrospective posting - some see it as an absolute outrage others as perfectly OK. I'm easy either way but I do have to seriously question if someone is really going to go to the trouble of posting a fake trade just to win something like this.
4. Sponsored prizes are seen as a good idea. I certainly agree but the days of the brokers being free and easy with their marketing spend are long gone. Definately worth a try but i'm not hopeful at the moment.
5. A real (demo) platform would be an asset. This might make 4) a more realistic option as there is more in it for the firm involved. We don't have one ourselves so without third party help this is not an option.
This is what fxstreet are running in conjunction with PriceMarkets another white label of LCG. So there are companies out there who are interested in tie ups with trading forums etc. Everybody wins.
In all honestly, we need to forget all the subjective trading mumbo jumbo and offer the members a level playing field where they can do battle across the same range of instruments.
http://pricemarkets.com/price-challenge/
and if you go that route we need to offer multi-level TF trading as I just havnt got the time at the moment to be intra-day trading for X hours a day
N
http://pricemarkets.com/price-challenge/
This might work as it appears to be one of Simon's (Cap. Spreads) white label jobbies?
This might work as it appears to be one of Simon's (Cap. Spreads) white label jobbies?
The first attempt at $1.55 failed when it decided to trade $1.60 again. Still managed to bag 15.5% in eight days, so not all bad.
Here's the second attempt. Target is $1.44 (Risk:Reward 1:11), because I've lowered my R:R I've upped the risk % to 10.
Remember: Never trade with money that you can't afford to lose - your trading capital should not be a hindrance to your plan.
Little tip-off from my buddy in the BoE :arrowu:
New target ahoy! $1.65! New entry price of $1.5975. Second trade stopped out for BE.