NAME 10 FX PAIRS...

Thats the 1000 hit, in less than 3.5 days trading. KI.

clip2net.com/s/2wSmy

KI,

Might be time to close the EUR/JPY as its just about hitting the long-term trend line going back to 2009 and there's bearish divergence on the RSI??

screencast.com/t/GK4adIEieLW

Just MHO

Mike-in-Paris wrote: Ki,
For a few months I traded a few systems using baskets of currencies; some inversely correlated, some not. Some with a EA, some manual.
What killed me was the stop losses.
I'd be interested to know the money management side of this.
Thanks for starting this sort of thread.
Mike

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Money management is simple with something like this, the initial S/L is 100 pts per pair, which allows for any gaps from close on friday to open sunday. The most important thing as with any trade is to believe in what your doing, so you then need to believe in the way you trade. There are losing weeks, but if you trade this for 52 weeks your average would be somwhere in the region of 500 points per week or 26000 points per year, but lets say its a bad year and cut that in half, so only 13000 pts per year.

KI.

clip2net.com/s/2wPmQ

Ki,
For a few months I traded a few systems using baskets of currencies; some inversely correlated, some not. Some with a EA, some manual.
What killed me was the stop losses.
I'd be interested to know the money management side of this.
Thanks for starting this sort of thread.
Mike

I agree more participation is needed with regards to charts .
Remo has pointed this out on his iii cv page. Others like to just take and not get involved.
I believe that is what KI is asking for?????

RMc