Comments on: tianx’s Long Term Beast Position (GBP/JPY) http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/ A part of the nobs network Thu, 20 Nov 2008 17:41:01 +0000 http://wordpress.org/?v=2.2.2 By: InfinityShares » GBP/JPY Trade Update http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-265 InfinityShares » GBP/JPY Trade Update Wed, 11 Jul 2007 15:54:06 +0000 http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-265 [...] I posted a signal on Jude’s Nobsforex Blog HERE which went as planned, you can check out the details there as it takes a whileto type everything up and I still have a ton of things to do. [...] […] I posted a signal on Jude’s Nobsforex Blog HERE which went as planned, you can check out the details there as it takes a whileto type everything up and I still have a ton of things to do. […]

]]> By: makila http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-263 makila Wed, 11 Jul 2007 01:57:34 +0000 http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-263 Okay lets see... Leverage 1:1, 0.1 lots 1:1 leverage = 0.01$ a pip/100$ --> 273 pips --> 2.73$ on every 100$, but using 0.1 lots so 2.73$ x 0.1 = 0.273$ profit on every 100$ Total capital +-50000$ --> 0.273$ x 500 = 136,5$ profit for 50k = +0.273% profit minus fees Now I hope above calculations are correct, please correct me if I am wrong.. :) Mind ya, this is the minimum profit Chris made with his trade using mini lots and a leverage of 1:1. ;) Most likely he used 0.1 lots with leverage 1:4 or something which means you have to quadruple the profit in that case :) (a leverage of 1:100 with full lots would have given 273% profit hehehe...) Okay lets see…

Leverage 1:1, 0.1 lots
1:1 leverage = 0.01$ a pip/100$ –> 273 pips –> 2.73$ on every 100$, but using 0.1 lots so 2.73$ x 0.1 = 0.273$ profit on every 100$
Total capital +-50000$ –> 0.273$ x 500 = 136,5$ profit for 50k = +0.273% profit minus fees

Now I hope above calculations are correct, please correct me if I am wrong.. :)

Mind ya, this is the minimum profit Chris made with his trade using mini lots and a leverage of 1:1. ;) Most likely he used 0.1 lots with leverage 1:4 or something which means you have to quadruple the profit in that case :)

(a leverage of 1:100 with full lots would have given 273% profit hehehe…)

]]> By: tianx http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-262 tianx Tue, 10 Jul 2007 23:19:24 +0000 http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-262 Meh, hit 100 point trailing stop. Calling this position closed Open: 248.70 Close: 245.97 Time for bed. Meh, hit 100 point trailing stop.

Calling this position closed

Open: 248.70
Close: 245.97

Time for bed.

]]> By: makila http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-261 makila Tue, 10 Jul 2007 19:20:43 +0000 http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-261 Does that mean we are in profit with this pair Chris :) Goodnight, sleep well. ;) Does that mean we are in profit with this pair Chris :)
Goodnight, sleep well. ;)

]]> By: JoseLeon http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-258 JoseLeon Tue, 10 Jul 2007 15:49:10 +0000 http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-258 You were right tianx, it was time to get stronger jpy, I lost 100 pips but I will recover next time ;) You were right tianx, it was time to get stronger jpy, I lost 100 pips but I will recover next time ;)

]]> By: tianx http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-257 tianx Tue, 10 Jul 2007 14:22:56 +0000 http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-257 Dont forget to take at least 100 pips profit on one of your lots if anyone followed the signal, and set the other stop to 248.04 in order to at least lock some profit on the second lot. Been a long day, need a nap.. Dont forget to take at least 100 pips profit on one of your lots if anyone followed the signal, and set the other stop to 248.04 in order to at least lock some profit on the second lot.

Been a long day, need a nap..

]]> By: JoseLeon http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-256 JoseLeon Mon, 09 Jul 2007 18:00:33 +0000 http://nobsforex.net/2007/07/09/tianxs-long-term-beast-position/#comment-256 Well, I see in my strategy the opposite: this pair could go up this week a lot if there are no important news against my long position. And elliot waves tell me the same: these days gbp/jpy could go up to 248.97 in the first place and then to 249.43 but who knows... I am in a long position since yesterday with a 100 pips stop loss. Well, I see in my strategy the opposite: this pair could go up this week a lot if there are no important news against my long position.
And elliot waves tell me the same: these days gbp/jpy could go up to 248.97 in the first place and then to 249.43 but who knows…

I am in a long position since yesterday with a 100 pips stop loss.

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