Institutional Bank Style Trading: Balance Point Trading is how the banking institutions and large retail investors make their money. This is how we as well are going to make ours. Welcome to Titan's PipWorld...
Date: Tue, Jan 08th 2008
Time: 7:20am New York Time
Today's Performance:
Starting Balance: 25k Demo-Acct
Current Balance: 25,295.18
Current Equity: 20,241.14
Gain: +374 pips
Loss: -53 pips
Total pips earned: +321 pips
Number of trades: 4
Number of wins: 3
Number of losses: 1
Consective wins:3
Consective losses:0
Interest Earned:$-27.83
COC:0
Largest Gain on a single trade:+213 pips
Largest Loss on a single trade:-53 pips
Largest Peak to Valley DrawDown: -1328 pips
Today's Trades:
Closed Out: GbpJpy 214.97 at 217.10: +213 pips
Outlook: GbpJpy and UsdJpy will continue to head upward over the next few weeks.
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Titan
Recap: The method in which I trade is called, Balance Point Trading. It tracks the actual tru-value of a given currency pair, then trades the imbalances of that particular currency pair until the balance point (tru-value) has been achieved.
This method I developed (Balance Point Trading) has nothing to do with pivot-points or s/r points; however, such and other technical indicators can be used to help track the tru-value.
Due to this method being a value trading system there are going to be small to large moves against one's position due to the imbalances working themselves out of the market place. Such a system requires one to reduce their unit size and be ready to wait days, weeks even months before the projected tru-value price target is reached.