For $29,798.94 Balance, Position size = 0.4 lot (0.2+0.2) . Risk= 4(position size) x0.8(point value per 0.1 lot)x210(stop loss)=$672 ~ 2.2% of Balance.
Fundamental factor: Any minor progress on Greece will probably lead to a major rally, as economic conditions improved recently in the euro area and ECB continues to pump money through QE.
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Comments
vlad.adrian
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Until there is an end to the greek drama, I think any trade on European stocks/indices is pure suicide. No one knows what will happen if Greece exits the Eurozone. The risk can't be estimated. Anyone remember the CHF peg?
Technician
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Dont compare this to the chf peg, its nothing comparable. CHF Pig was an expected event. But in case of Greece, we have deadlines for payments.. So until the real news comes up you can manage your trade.
yofxtrader
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I agree with you Technician. It is not comparable with the CHF peg, but in this case, we have a market that closes and opens everyday, generating gaps that could be huge in case any event occurs regarding Greece.
I wasn't going to take this trade since I don't trade anything but Forex, but in any case, I think the risk could be higher than the one you just calculated.
Anyway, as you already have told several times, these are your trades, and no one should follow you unless he is willing to do it!
Good luck with your trade! I am from Spain and was surprised when I saw your pending trade regarding the Ibex! :)
Thanks again for your excellent job.
Technician
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I love this comment, constructive feedback instead of just criticism. Good luck and thank you for this.
kmk.msp
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Hi Technicians. In IBEX35 in xm and exness brookers is with different name?
hehe
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I totally agree.
hehe
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with vlad.adrian of course ;)
Technician
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As you can see guys, there is risk to the upside as well. :) Reached target. Ofcourse didnt hit entry.
jpalba10
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Do we have to cancel the position cause Target 1 reached?
FXKOPPA
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Hi Technician and all the members ,
please don't make much noise , I do believe on Technician , if we look at the the equity risk ratio , I could go uptil 20% of my equity with him (lets say 30 ,000 and risk is 6000 , I will keep staying with him until I didn't hit my risk, If 2 out of 10 trades go fine i will still be on breakeven . I still have a reason to stay with him and that is 20% risk of mine.
I think let him do his best,
I look forward to see more trades from you Technician , As I learn how you look in to market and most intersteg thing for me how you setup the stop loss and thats the point to keep safe your equity.