“Sorry Australia, Europe rules” is an article where the author is comparing Europe and Australia continents on a few topics: history, great buildings, museums, geographic proximity, diversity, towns and small cities, public transport, different types of scenery, long summer nights, festivals. Mind! The video showing up on the page is not the sum up of the article. My opinion: there are very good aspects about living and working here but you need lots of patience in terms of tourism; patience is needed when travelling and also when you find things that remind you of something better some place else. The article: http://www.theage.com.au/travel/sorry-australia-europe-rules-20111026-1mj5o.html
Archive for October, 2011
Tourism – Europe v. Australia
October 27, 2011Stopped out on AUD/USD at 1.04
October 24, 2011Lost 200 pips.
Selling AUD/USD at 1.02 till .995
October 20, 2011One of the patterns I have watched for some time is “big move + hit SMA50 + hit SMA20″. The patterns has done steps 1 and 2, so it should go to SMA20, now at 0.9925. Entered 10/20/2011 4:33 NY time (UTC-4).
Scenarios about BK trading
October 14, 2011I have run a few scenarios based on BK trading results. I have considered an account of 1:100 from a standard lot and 1:200 leverage during trading.
Scenario 1, called 1-1-1-1-1, would have brought a return of 405pips, which can translate 40% and 1000 invested only. You never need more than 1000 margin.
Scenario 2, called 1-1-1-2-4, would have brought a return of 677pips, or 67% and maximum 2000 in margin.
Scenario 3, called 1-1-2-4-8, would have brought a return of 1145 pips, or 114% and maximum 2000 margin.
Scenario 4, called 1-2-4-8-16, would have brought a return of 1581 pips, or 158% but would require 4000 margin worst case scenario.
It is very interesting that same trades make Q2 a losing quarter in case of 1-1-1-1-1 and 1-1-1-2-4 but a winning quarter in case of 1-1-2-4-8 and 1-2-4-8-16.
Based on all this I recommend for myself running 1 year with 1-1-2-4-8 having 1:50 margin and with 1:200 leverage trades and only double the trades at the beginning of Q2 and Q4 if the margin in the account is doubling.
