Brewski's Leverage Abuse

brewski1984

Senior member
Sep 9, 2010
2,027
343
#16
That move in oil would have cleaned my account out but a tight stop keeps me in the game. Running and adding to usd/jpy is showing me a tasty profit(y)
 

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brewski1984

Senior member
Sep 9, 2010
2,027
343
#17
Added to both trades this morning, someone was defending 110.00 on usd/jpy overnight, I think if we see it pop below 110 there will be a lot of stops triggered and a decent move down. I added at 110.20 on a flip of sup/res
 

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brewski1984

Senior member
Sep 9, 2010
2,027
343
#21
Harsh, taken out of usd/jpy now. That's the problem with doing this, normal retracements can take you out.

£90 left in the account, lets find another(y)
 

brewski1984

Senior member
Sep 9, 2010
2,027
343
#23
DAX buy stopped out now I'd be +145 profit, usd/jpy short stopped out now it's straight back down again. This is a very frustrating way to trade (gamble) and doesn't suit everyone. With stops that are so tight this will happen all the time, it isn't the market targeting you and it isn't being done on purpose. Entries and re-entries are basically random, average price ends up being random and so does stop placement. A few small losses, a lot of breakevens and then with patience, one massive winner.

Don't forget that all I'm doing here is gambling, not trading.
 

brewski1984

Senior member
Sep 9, 2010
2,027
343
#24
Doubled gbp/usd stake size, moved stop to breakeven... stop is only 15 points away so highly likely to be taken out but if it keeps running I'm laughing(y)
 

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brewski1984

Senior member
Sep 9, 2010
2,027
343
#25
Out for breakeven, still in the game though looking for the next gamble!