Week Half-Dozen - Fri- Electrical Current Equity: $533.55
This calendar week showed a proficient representative of how a loss protection system tin acquit upon a week's results.
Earlier inwards the calendar week when the GBP/JPY had to a greater extent than than 500 pips net I went to a breakeven halt on one-half of the pose in addition to trailed the other one-half at the 50% betoken of maximum achieved profits on the position.
The marketplace was volatile, retraced 50% of its maximum net betoken quickly, in addition to thus continued all the agency dorsum to the entry betoken for the calendar week where the breakeven halt was sitting and got filled. It went really niggling farther in addition to thus declined for the week. If no adjustments had been made to protect profits already accrued, the full profits on the merchandise would direct maintain been really large- 395 pips. As it was, the combined profits from the 2 exits due to "profit protection" was equivalent to 136 pips on the position. Easily roughly other $10 - $12 dollars inwards equity could direct maintain been gained yesteryear simply next the straightaway conception of belongings until Fri if the master copy halt wasn't hit.
The inquiry y'all require to enquire is: what are the odds of a merchandise recovering afterward a really large counter move?
Since this is simply i sample of how this could in addition to did function out, it can't actually examine anything to anyone. Only knowing what the results mightiness last afterward 100 to 500 similar situations would begin to be sufficient to guage whether it mightiness last acceptable for a trader to brand this deviation. I direct maintain done this function inwards the past, in addition to I am quite happy to execute the same exeception to protect profits inwards a similar situation.
These opportunities are indeed rare in addition to traders produce good to explore the benefit/risk ratio of any changes that they introduce to their trading plans.
Alpha trouble concern human relationship trading recap:
Start of calendar week equity: $ 522.80
Completed FirstStrike trades:
EUR/USD: BUY 1.4865, halt 1.4805. -stopped out lx pips loss
GBP/USD: BUY 1.9644, halt 1.9584. -stopped out lx pips loss
USD/JPY: SELL 109.49, -closed out Fri for 151 pip profit
USD/CHF: SELL 1.0946, halt 1.1006. -stopped out lx pips loss
GBP/JPY: SELL 212.37, -stopped out for an equivalent of 136 pips profit. If the protection dominion was non used; 395 pips profit
Total of 180 pips inwards losses
Total of 287 pips inwards profits (546 pips without using protection rule)
-----
OneNightStand Exit(s) on 01/14/08 :
-None-
OneNightStand 01/18/08 entries:
-None-
Total losses: 0 pips
-----
End of calendar week equity: $ 533.55 (includes unrealized P&L)
Total Gain on Week: $ 10.75 (2.0% increase)
Unrealized P&L: $ 00.00
See y'all adjacent week!
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) in addition to the semi-monthly newsletter nigh this challenge, ship an e-mail to: newsletter@infiniteyield.com in addition to enjoin me to which address y'all would similar it sent.
Earlier inwards the calendar week when the GBP/JPY had to a greater extent than than 500 pips net I went to a breakeven halt on one-half of the pose in addition to trailed the other one-half at the 50% betoken of maximum achieved profits on the position.
The marketplace was volatile, retraced 50% of its maximum net betoken quickly, in addition to thus continued all the agency dorsum to the entry betoken for the calendar week where the breakeven halt was sitting and got filled. It went really niggling farther in addition to thus declined for the week. If no adjustments had been made to protect profits already accrued, the full profits on the merchandise would direct maintain been really large- 395 pips. As it was, the combined profits from the 2 exits due to "profit protection" was equivalent to 136 pips on the position. Easily roughly other $10 - $12 dollars inwards equity could direct maintain been gained yesteryear simply next the straightaway conception of belongings until Fri if the master copy halt wasn't hit.
The inquiry y'all require to enquire is: what are the odds of a merchandise recovering afterward a really large counter move?
Since this is simply i sample of how this could in addition to did function out, it can't actually examine anything to anyone. Only knowing what the results mightiness last afterward 100 to 500 similar situations would begin to be sufficient to guage whether it mightiness last acceptable for a trader to brand this deviation. I direct maintain done this function inwards the past, in addition to I am quite happy to execute the same exeception to protect profits inwards a similar situation.
These opportunities are indeed rare in addition to traders produce good to explore the benefit/risk ratio of any changes that they introduce to their trading plans.
Alpha trouble concern human relationship trading recap:
Start of calendar week equity: $ 522.80
Completed FirstStrike trades:
EUR/USD: BUY 1.4865, halt 1.4805. -stopped out lx pips loss
GBP/USD: BUY 1.9644, halt 1.9584. -stopped out lx pips loss
USD/JPY: SELL 109.49, -closed out Fri for 151 pip profit
USD/CHF: SELL 1.0946, halt 1.1006. -stopped out lx pips loss
GBP/JPY: SELL 212.37, -stopped out for an equivalent of 136 pips profit. If the protection dominion was non used; 395 pips profit
Total of 180 pips inwards losses
Total of 287 pips inwards profits (546 pips without using protection rule)
-----
OneNightStand Exit(s) on 01/14/08 :
-None-
OneNightStand 01/18/08 entries:
-None-
Total losses: 0 pips
-----
End of calendar week equity: $ 533.55 (includes unrealized P&L)
Total Gain on Week: $ 10.75 (2.0% increase)
Unrealized P&L: $ 00.00
See y'all adjacent week!
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) in addition to the semi-monthly newsletter nigh this challenge, ship an e-mail to: newsletter@infiniteyield.com in addition to enjoin me to which address y'all would similar it sent.
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