Did I miss something? What 40% tax are you talking about?

Cesarnc's market talk, gossips, rumours & fun

I DO NOT think 29% is quite safe. You will lose 100K in no time if you are risking that much, in my opinion. I would start out much smaller just to get a taste. If your risk tolerance allows for it, you can step it up later. 29% is crazy. I started ...

Weekly 80/20 Setups

You're welcome!! Sounds a lot like me!! Regardless of the limit orders, you still buy at the BID and sell at the ASK. In other words, the average price ((Bid + Ask)/2) will have to move lower than your limit to trigger a buy, and higher than your ...

Weekly 80/20 Setups

Exactly. Going long USDCNY when the Chinese are appreciating their currency will be a losing trade, long term. What ticks me off is that Oanda has set these rates artificially in their favor. Borrowing the USD at 2% interest to buy the CNY (which I ...

Weekly 80/20 Setups

Two things about this pair. First of all, it is nearly in a perfect line, because the Chinese are controlling the rate of appreciation. The weekly candles are very tight and not a lot of pips to be gathered between 80 and 20. Finally, Oanda (and ...

Weekly 80/20 Setups

Weekly 80/20 Setups for 15 Jun 08 - 20 Jun 08 — To simplify my work on the weekend, I will no longer be listing where my trades are currently at. If you want that, you can scroll back through the thread and find it. I will simply be listing ...

Weekly 80/20 Setups

System now trading in both direction — I've made the decision to start trading this system in both directions. I've updated the rules in Post #1. I'll be posting next week's values soon.

Weekly 80/20 Setups

I'm currently using this system on the following pairs: AUDJPY AUDNZD AUDUSD CADJPY CHFJPY EURAUD EURCAD EURCHF EURCZK EURGBP EURJPY EURNOK EURUSD GBPCHF GBPJPY GBPUSD NZDUSD USDCAD USDCHF USDDKK USDJPY USDNOK USDSGD USDSGD USDZAR XAGUSD XAUUSD ...

Weekly 80/20 Setups

I trade all the pairs you mention except the USDPLN and EURPLN. Although the Polish Zloty has been appreciating nicely against both these pairs, the Oanda spread is ridiculous right now. I still follow both pairs and calculate 80/20 levels every ...

Weekly 80/20 Setups

Math, The more I think about your mathematical analysis, the more I think we need to determine individual risk allocations by currency pair. The 200-pip loss that you based your numbers off of was a good start for the AVERAGE pair. Unfortunately, ...

Weekly 80/20 Setups

I'm seriously starting to consider implementing this. Anyone else have any thoughts on this?

Weekly 80/20 Setups

I think instead of basing our risk size on average loss size, it ought to be based on max-drawdown. This is a stat that I have not been able to keep track of, with the exception of what is listed on the Zulutrade site.

Weekly 80/20 Setups

I'm having a hard time comprehending exactly what you are saying here. If a 200-pip move has the potential to wipe out 29% of my capital, then all it would take is 689 pips to completely wipe out the account (100%/29% x 200 pips). It would not take ...

Weekly 80/20 Setups

One thing to keep in mind about this 213% above. This includes returns from when I was trading each pair with 3-5% of total capital. As you can imagine, returns were good, but I felt lucky that my account did not completely implode. Since I have now ...

Weekly 80/20 Setups

I'm doing the best I can to stay with you on all the math. Was the choice to use a 200-pip loss an arbitrary choice, or was there some mathematical logic behind that choice?

Weekly 80/20 Setups

Variation of 80/20 strategy... — My own curiosity got me thinking. According to the rules I laid out, I only trade in the direction of the trend. In other words, I only trade from 20% to 80% or 80% to 20%. The theory behind that is that I'm ...

Weekly 80/20 Setups

Mathematician, Thanks again for your excellent work. I hope you will hang around this thread and revise your findings periodically as the trades continue to occur. Flyjetz

Weekly 80/20 Setups

Excellent work Mathematician. I have a few questions off the bat, and one observation. How do your stats account for leverage? When you say 29%-32% might be optimal, is that 29-32% at 1:1 leverage or 50:1 leverage? Can you expand a little on trading ...

Weekly 80/20 Setups

Length of trades — Crude average for the 57 trades posted so far is 12.2 days. Longest trade was 49 days. I say "crude" because any trade opened and closed on the same day I considered as "0" days. Also, Saturday is a non-trading day in Forex, ...

Weekly 80/20 Setups

Entered USD/CHF Short... — I currently have open positions in: (new position in BOLD) Trade No. Enter Date Direction Pair Price #53) 27-May-08 Short USD/JPY 104.31 #56) 29-May-08 Long AUD/USD 0.9546 #57) 30-May-08 Short USD/CAD 0.9974 #60) ...

Weekly 80/20 Setups