zandtenn http://zandtenn.com random thoughts & day trading forex and futures Wed, 25 Aug 2010 02:52:22 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Why trade with Oanda? http://zandtenn.com/2010/08/25/why-trade-with-oanda/ http://zandtenn.com/2010/08/25/why-trade-with-oanda/#comments Tue, 24 Aug 2010 16:00:35 +0000 http://zandtenn.com/?p=528 Why trade with Oanda? The main reasons why I trade with Oanda are;

ease of trade size trade management on their server

other than that there is not much . . . → Read More: Why trade with Oanda?]]>
Why trade with Oanda?

The main reasons why I trade with Oanda are;

  • ease of trade size
  • trade management on their server

other than that there is not much else …

]]> http://zandtenn.com/2010/08/25/why-trade-with-oanda/feed/ 0 Determining my trade size http://zandtenn.com/2010/08/25/determining-my-trade-size/ http://zandtenn.com/2010/08/25/determining-my-trade-size/#comments Tue, 24 Aug 2010 16:00:25 +0000 http://zandtenn.com/?p=521 How much to put on my trade size?

In order to determine my trade size for forex?

What is my Risk per trade? 1% … 2% … 5% … what risk am I willing to lose for that trade if it’s wrong? What type of account; Standard, Mini or Micro, as of Oanda, any trade size will be do.

I . . . → Read More: Determining my trade size]]>
How much to put on my trade size?

In order to determine my trade size for forex?

  1. What is my Risk per trade? 1% … 2% … 5% … what risk am I willing to lose for that trade if it’s wrong?
  2. What type of account; Standard, Mini or Micro, as of Oanda, any trade size will be do.

I am currently trading with Oanda on a small account of SG$150, and 3% is my risk per trade.

Formula to determine my trade size;
= (Account Balance * 3%) / (Stop Loss Size in pips * Pip Value)

example
Account Balance $150
Stop Loss 20 pips
Pip Value sg$0.000139

= (150 * 3%) / (20 * 0.000139) = 1,618 (ignore decimal numbers)

Note:
100,000 = 1 standard lot size
10,000 = 0.1 standard lot size (with mini account)
1,000 = 0.01 standard lot size (micro account)

]]> http://zandtenn.com/2010/08/25/determining-my-trade-size/feed/ 0 Little Buddha http://zandtenn.com/2010/08/20/little-buddha/ http://zandtenn.com/2010/08/20/little-buddha/#comments Fri, 20 Aug 2010 01:00:30 +0000 http://zandtenn.com/?p=585 . . . → Read More: Little Buddha]]>

]]> http://zandtenn.com/2010/08/20/little-buddha/feed/ 0 Light at the Edge of the World-The Science of the Mind http://zandtenn.com/2010/08/10/light-at-the-edge-of-the-world-the-science-of-the-mind-2/ http://zandtenn.com/2010/08/10/light-at-the-edge-of-the-world-the-science-of-the-mind-2/#comments Tue, 10 Aug 2010 05:35:37 +0000 http://zandtenn.com/?p=592 Light at the Edge of the World-The Science of . . . → Read More: Light at the Edge of the World-The Science of the Mind]]> Light at the Edge of the World-The Science of the Mind

]]> http://zandtenn.com/2010/08/10/light-at-the-edge-of-the-world-the-science-of-the-mind-2/feed/ 0 emini Russell winning Trades 5:3 $820 http://zandtenn.com/2010/08/04/emini-russell-winning-trades/ http://zandtenn.com/2010/08/04/emini-russell-winning-trades/#comments Tue, 03 Aug 2010 17:22:38 +0000 http://zandtenn.com/?p=588 Itz being a long time since I last do my paper trade.

Took 5 winners and 3 . . . → Read More: emini Russell winning Trades 5:3 $820]]> Itz being a long time since I last do my paper trade.

Took 5 winners and 3 losers …


]]> http://zandtenn.com/2010/08/04/emini-russell-winning-trades/feed/ 0 Life of Buddha http://zandtenn.com/2010/07/04/life-of-buddha/ http://zandtenn.com/2010/07/04/life-of-buddha/#comments Sun, 04 Jul 2010 15:47:30 +0000 http://zandtenn.com/?p=560 Life of Buddha

. . . → Read More: Life of Buddha]]>
Life of Buddha

another version

]]> http://zandtenn.com/2010/07/04/life-of-buddha/feed/ 0 Sell Stop EURUSD 1.22835 http://zandtenn.com/2010/06/30/sell-stop-eurusd-1-22835/ http://zandtenn.com/2010/06/30/sell-stop-eurusd-1-22835/#comments Wed, 30 Jun 2010 10:36:07 +0000 http://zandtenn.com/?p=540 8.00pm Stop out with 10 pips profit 7.58pm don’t know why T1 did not fill so move stop loss to BE+10pips 7.53pm Missed Target1 10 pips by 0.5 pips moved Stop Loss to Breakeven + 1 pips 7.45pm starting to move … down … yahoo 7.25pm Took 12 pips of heat (sweat) GMT+8 20100630 6.35pm . . . → Read More: Sell Stop EURUSD 1.22835]]>
8.00pm Stop out with 10 pips profit
7.58pm don’t know why T1 did not fill so move stop loss to BE+10pips
7.53pm Missed Target1 10 pips by 0.5 pips moved Stop Loss to Breakeven + 1 pips
7.45pm starting to move … down … yahoo :)
7.25pm Took 12 pips of heat (sweat)
GMT+8 20100630 6.35pm Sell Stop 1.22835, Target 1 10 pips, Stop Loss 17 pips

]]> http://zandtenn.com/2010/06/30/sell-stop-eurusd-1-22835/feed/ 0 EURUSD buy stop http://zandtenn.com/2010/06/30/eurusd-buy-stop/ http://zandtenn.com/2010/06/30/eurusd-buy-stop/#comments Wed, 30 Jun 2010 03:36:23 +0000 http://zandtenn.com/?p=532 Closed trade @1.22853

Moved Stop Loss to Break Even + 1 and a Sell Stop at 1.2240 at ½ my trade size EURUSD buy stop (GMT+8) 20100330 11.36am MT4 4th bar ago H4 Pinbar buy stop @1.2220 stop loss 80 pips trade size only 100 on . . . → Read More: EURUSD buy stop]]>
Closed trade @1.22853

Moved Stop Loss to Break Even + 1 and a Sell Stop at 1.2240 at ½ my trade size
EURUSD buy stop
(GMT+8) 20100330 11.36am MT4 4th bar ago H4 Pinbar buy stop @1.2220 stop loss 80 pips trade size only 100 on Oanda Live

]]> http://zandtenn.com/2010/06/30/eurusd-buy-stop/feed/ 0 1st Forex EURUSD Win on Oanda http://zandtenn.com/2010/06/18/1st-forex-eurusd-win-on-oanda/ http://zandtenn.com/2010/06/18/1st-forex-eurusd-win-on-oanda/#comments Fri, 18 Jun 2010 08:35:34 +0000 http://zandtenn.com/?p=517

Took my 1st Live trade with Oanda after opening the account 2 weeks ago, I was learning and training with MT4 and NinjaTrader Charts for years now to trade the Forex market, but Oanda is the Broker that I can test Wealth Building leveraging compounding principle. This 1st trade gained 0.36% for the account. . . . → Read More: 1st Forex EURUSD Win on Oanda]]>

Took my 1st Live trade with Oanda after opening the account 2 weeks ago, I was learning and training with MT4 and NinjaTrader Charts for years now to trade the Forex market, but Oanda is the Broker that I can test Wealth Building leveraging compounding principle.
This 1st trade gained 0.36% for the account.

]]> http://zandtenn.com/2010/06/18/1st-forex-eurusd-win-on-oanda/feed/ 0 17th June Forex EurUsd 2 stop out http://zandtenn.com/2010/06/17/17th-june-forex-eurusd-2-stop-out/ http://zandtenn.com/2010/06/17/17th-june-forex-eurusd-2-stop-out/#comments Thu, 17 Jun 2010 08:43:42 +0000 http://zandtenn.com/?p=509

I was very weary of the Asian session as most of the time itz not profitable, and today again proven to myself with 2 full stop out of eurusd and miss a good long for the London session.

Missed London session completely and shorted in the NY session

Uploaded with ImageShack.us and I got stop out on this trade . . . → Read More: 17th June Forex EurUsd 2 stop out]]>

I was very weary of the Asian session as most of the time itz not profitable, and today again proven to myself with 2 full stop out of eurusd and miss a good long for the London session.

Missed London session completely and shorted in the NY session

Uploaded with ImageShack.us
and I got stop out on this trade too :(

]]> http://zandtenn.com/2010/06/17/17th-june-forex-eurusd-2-stop-out/feed/ 0