Ray,
Thanks once again for twisting my mind to teach me a lesson. Because I enjoy numbers I saw the relationship between them. Hill and Petra beat me to it but then I began to wonder "Is there something more here?" and almost wrote you about comma's. Another K.I.S.S lesson! Do I do that when I look at a setup?
Ed
Ray's amnesty page
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Interesting about kids. We said same 40 years ago about the Rubik cube. Sometimes we have to un-learn how we fathom things out, forget everything we thought we knew, in order to reprogram our brains
A couple of the Bill Williams videos kind of refer to this. The first few minutes of the following would be relevant
A couple of the Bill Williams videos kind of refer to this. The first few minutes of the following would be relevant
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
I heard a new noun today
Trumponomics
It has certainly pushed up the US stock market lately, and FTSE100 and Dax are flying too
FOMC in a moment. I can't get a grip on USD, no real trend apparent the last 3 days, perhaps that makes it a W4
We'll see
Trumponomics
It has certainly pushed up the US stock market lately, and FTSE100 and Dax are flying too
FOMC in a moment. I can't get a grip on USD, no real trend apparent the last 3 days, perhaps that makes it a W4
We'll see
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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baldeagle
- AIMSter
- Posts: 119
- Joined: 28 Aug 2015, 17:21
- 10
Re: Ray's amnesty page
Hi Ray,
Good to hear from you! I am in a daily trade on the E$ after it cleared a lower AIMS box. Now down 30 pips but will weather the news for the longer term.
Some of us here are optimistic that Trumponomics (spell check is going crazy) may give us US traders some relief on our margin requirements. I would like to trade the GDP pairs but at 20:1 leverage it gives me pause.
Ed
Good to hear from you! I am in a daily trade on the E$ after it cleared a lower AIMS box. Now down 30 pips but will weather the news for the longer term.
Some of us here are optimistic that Trumponomics (spell check is going crazy) may give us US traders some relief on our margin requirements. I would like to trade the GDP pairs but at 20:1 leverage it gives me pause.
Ed
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Ray's amnesty page
Now that would be nice...
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
20 to 1 leverage reduces the chance of good success, but on the other hand 400:1 and other stuff going on with crazy brokers offering silly risk taking opportunities does expose people to humongous potential losses. I notice I did quite well around the time of the Brexit vote (whether to leave the EU) when the margin requirements were ramped up to us in the UK, if only because I traded low volumes on higher time frames and caught some nice trending movements. I can't remember whether we were then on something like 50:1 or tighter but it was good for discipline. 100:1 is plenty enough for most of us, 75:1 still is very profitable, but we shouldn't be risking more than about 2.5% preferably half of that each time we go into a trade.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Funny how someone brought up the subject of leverage the same time this week as I found an email from one of my brokers as follows:
(And I refer to the British situation)
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Dear Raymond,
The Financial Conduct Authority (FCA) is proposing to lower leverage on spread betting, forex and CFD products to a maximum of 50:1 as part of its wider review of the industry.
As an active trader of these products the proposals would have a direct impact on your ability to trade and increase the amount of money you need to deposit.
The purpose of the FCA’s blueprint is to improve quality and raise standards in the industry. We wholeheartedly support this aim and are working with the regulator to find the best methods to achieve this.
We are fully committed to any action that works in the best interest of our clients, for example by rolling out additional tools and education to help mitigate risk.
However, we feel that the proposed changes to leverage are a step too far as they will have a detrimental effect on your ability to trade using current margin requirements.
If the proposal to reduce leverage is approved you would need to deposit more money in your account to trade. Margin requirements may increase by up to 10 times in some cases.
Submit your views
What the FCA is proposing
• Lower leverage limits to 25:1 for clients with less than 1 year of trading experience
• Lower maximum leverage to 50:1 for experienced clients (+12 months’ trading experience)
• Ban on cash bonuses and introduction of standardised risk warnings
Read the FCA’s Proposal
How you can share your views
You can complete this FCA response form to submit your views. Submissions to the consultation must be received by March 7th, 2017.
Alternatively, you can send the FCA an email at cp16-40@fca.org.uk.
You can also send a letter to:
CP16-40 - Wholesale Conduct Policy Team
Strategy and Competition Division
Financial Conduct Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
More about the FCA’s proposal on leverage
Margin requirements for ‘experienced’ traders – those with more than 12 months’ trading experience - will increase as follows:
• 2% for major FX pairs (equal to a leverage limit of 50:1)
• 2.5% for major stock market indices and gold (equal to a leverage limit of 40:1)
• 5% for minor indices and other commodities (equal to a leverage limit of 20:1)
• 10% for single stock equities and all other assets (equal to a leverage limit of 10:1)
Margin requirements for ‘inexperienced’ traders – those who have been actively trading for less than 12 months - will increase as follows:
• 4% for major FX pairs (equal to a leverage limit of 25:1)
• 5% for major stock market indices and gold (equal to a leverage limit of 20:1)
• 10% for minor indices and other commodities (equal to a leverage limit of 10:1)
• 20% for single stock equities and all other assets (equal to a leverage limit of 5:1)
Example:
If the FTSE is trading at 7,000, to open a £10-a-point position you would currently need to put down £350 in margin (0.5%).
If the FCA’s proposals become reality, this would climb to £3500 for ‘inexperienced’ clients with the margin requirement set at 5%. ‘Experienced’ traders would need to put down £1,750.
In addition to these changes, the FCA has outlined the following proposals for the industry:
• A ban on cash bonuses
• Standard risk warnings
• Disclosure of average client profit/loss
If you’d like to find out more about how this affects you, feel free to contact us to discuss the proposals in more depth. You can contact our customer service team on +44 (0) 20 7392 1494, or by email at customer.service@etxcapital.com.
Kind Regards,
Andrew Edwards, CEO,
ETX Capital
(And I refer to the British situation)
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Dear Raymond,
The Financial Conduct Authority (FCA) is proposing to lower leverage on spread betting, forex and CFD products to a maximum of 50:1 as part of its wider review of the industry.
As an active trader of these products the proposals would have a direct impact on your ability to trade and increase the amount of money you need to deposit.
The purpose of the FCA’s blueprint is to improve quality and raise standards in the industry. We wholeheartedly support this aim and are working with the regulator to find the best methods to achieve this.
We are fully committed to any action that works in the best interest of our clients, for example by rolling out additional tools and education to help mitigate risk.
However, we feel that the proposed changes to leverage are a step too far as they will have a detrimental effect on your ability to trade using current margin requirements.
If the proposal to reduce leverage is approved you would need to deposit more money in your account to trade. Margin requirements may increase by up to 10 times in some cases.
Submit your views
What the FCA is proposing
• Lower leverage limits to 25:1 for clients with less than 1 year of trading experience
• Lower maximum leverage to 50:1 for experienced clients (+12 months’ trading experience)
• Ban on cash bonuses and introduction of standardised risk warnings
Read the FCA’s Proposal
How you can share your views
You can complete this FCA response form to submit your views. Submissions to the consultation must be received by March 7th, 2017.
Alternatively, you can send the FCA an email at cp16-40@fca.org.uk.
You can also send a letter to:
CP16-40 - Wholesale Conduct Policy Team
Strategy and Competition Division
Financial Conduct Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
More about the FCA’s proposal on leverage
Margin requirements for ‘experienced’ traders – those with more than 12 months’ trading experience - will increase as follows:
• 2% for major FX pairs (equal to a leverage limit of 50:1)
• 2.5% for major stock market indices and gold (equal to a leverage limit of 40:1)
• 5% for minor indices and other commodities (equal to a leverage limit of 20:1)
• 10% for single stock equities and all other assets (equal to a leverage limit of 10:1)
Margin requirements for ‘inexperienced’ traders – those who have been actively trading for less than 12 months - will increase as follows:
• 4% for major FX pairs (equal to a leverage limit of 25:1)
• 5% for major stock market indices and gold (equal to a leverage limit of 20:1)
• 10% for minor indices and other commodities (equal to a leverage limit of 10:1)
• 20% for single stock equities and all other assets (equal to a leverage limit of 5:1)
Example:
If the FTSE is trading at 7,000, to open a £10-a-point position you would currently need to put down £350 in margin (0.5%).
If the FCA’s proposals become reality, this would climb to £3500 for ‘inexperienced’ clients with the margin requirement set at 5%. ‘Experienced’ traders would need to put down £1,750.
In addition to these changes, the FCA has outlined the following proposals for the industry:
• A ban on cash bonuses
• Standard risk warnings
• Disclosure of average client profit/loss
If you’d like to find out more about how this affects you, feel free to contact us to discuss the proposals in more depth. You can contact our customer service team on +44 (0) 20 7392 1494, or by email at customer.service@etxcapital.com.
Kind Regards,
Andrew Edwards, CEO,
ETX Capital
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
-
baldeagle
- AIMSter
- Posts: 119
- Joined: 28 Aug 2015, 17:21
- 10
Re: Ray's amnesty page
Sorry I mentioned it! One more case of governmental meddling. I agree that it is not a good idea to use too much leverage but I would like to be free to risk what I feel is appropriate. I often think of the people that settled my valley here in western US. What if some government agency at the time had said that we feel that is too risky and you must not venture to far West of the Mississippi. Those courageous people would no have been able to achieve the success they did.
I hope that current policy changes here will spread to the rest of world!
From the Land of the Somewhat Free,
Ed
I hope that current policy changes here will spread to the rest of world!
From the Land of the Somewhat Free,
Ed
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
You speak in the hope that the new POTUS being a business man will deregulate the country from so many shackles that have been imposed on people which limited their scope to make progress
Here I think the pendulum will eventually swing too, the thing is we went through a period of perhaps too poor control on things, especially with self certification of mortgages and easy credit, leading to a credit crunch 10 years ago when it started to unwind, followed by many new rules which have only prevented a lot of common sense prevailing. It will need to be relaxed a bit at some point
Here I think the pendulum will eventually swing too, the thing is we went through a period of perhaps too poor control on things, especially with self certification of mortgages and easy credit, leading to a credit crunch 10 years ago when it started to unwind, followed by many new rules which have only prevented a lot of common sense prevailing. It will need to be relaxed a bit at some point
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
-
acceleratum
- Posts: 597
- Joined: 03 Nov 2015, 14:38
- 9
Re: Ray's amnesty page
Without high leverage, 90% of the "traders" will vanish, the trading has boomed greatly because you can start an account with as low as 50€.
The less traders the less volatility and this is bad for everyone, so who here is trading full lots or going for positions with 50€ per pip? Dont think theres many at all.. I think its nice that government is focusing on protecting new traders with warnings and limits etc.. but their doing it all wrong and this is gonna keep away all the potential new traders and leave only the big sharks.
The less traders the less volatility and this is bad for everyone, so who here is trading full lots or going for positions with 50€ per pip? Dont think theres many at all.. I think its nice that government is focusing on protecting new traders with warnings and limits etc.. but their doing it all wrong and this is gonna keep away all the potential new traders and leave only the big sharks.