I've been going 3 weeks and doing great. I only trade $USD - $CAD futures, and only 1 direction - short on the $CAD. Normally trade 3 - 4 times a day...some large gains ($50,000 best day ever) but normally $5,000 - $10,000 daily profits. My net profit in 15 trading days is $200k.

Here's my strategy. I start with a short position of 20 CAD contracts. If the $CAD rises, depending on the strength and volume, I dollar cost average up, then profit on the retraction. No fancy programs, feeds, Meta Ninja stuff..just intuition. In 50 trades, I've never lost once.

My current position is now short 210 CAD contracts (September 2013), with a break even price of .9796. If the volume is light tonight, I will cover at .9792 otherwise set a trailing limit of 10 points and see where she heads.

I got a little greedy last Thursday night and I lost out on an extra $100k Friday morning on the huge $CAD rise and fall but there's always tomorrow.

Awesome! Be sure to transfer your gains to an untouchable account, because there's nothing like a beginner's winning streak to lead to a massive drawdown/blowup.

I've been going 3 weeks and doing great. I only trade $USD - $CAD futures, and only 1 direction - short on the $CAD. Normally trade 3 - 4 times a day...some large gains ($50,000 best day ever) but normally $5,000 - $10,000 daily profits. My net profit in 15 trading days is $200k.

Here's my strategy. I start with a short position of 20 CAD contracts. If the $CAD rises, depending on the strength and volume, I dollar cost average up, then profit on the retraction. No fancy programs, feeds, Meta Ninja stuff..just intuition. In 50 trades, I've never lost once.

My current position is now short 210 CAD contracts (September 2013), with a break even price of .9796. If the volume is light tonight, I will cover at .9792 otherwise set a trailing limit of 10 points and see where she heads.

I got a little greedy last Thursday night and I lost out on an extra $100k Friday morning on the huge $CAD rise and fall but there's always tomorrow.

To the OP: Congratulations, and I hope your winning ways continue.


To everyone else, especially newbies: Averaging down, or adding to a loser, with a leveraged instrument like futures is in general a path to destruction. Pretty much guaranteed. The method might be successful for years, but eventually your luck will run out. If you quit before this happens, you are golden. If you don't, you will be broke.

That's because he averaged in too early and tapped out his capital by going in too big, too early. I take small short contracts on the $CAD (never long) and only average up after a major move.

It worked great for me with $65K cleared yesterday morning at .9792 and now I'm out of the market until I see a noticeable move upwards on the $CAD. Even if it takes a year of waiting, I'm up 31% for the month and year so I've beat almost every fund's annual rate of return already.

I simply fail to see the risk in what I am doing. I've made money in every single trade (about 40 trades) for 1 month and the dollar has been totally random. Its not like the dollar has been predictable or I've been lucky.

I look at it this way. If I went to Vegas with $5 million and only bet $1 every hand, then doubled my bet on every losing hand until I won, I would make money. That's why they limit the spreads for minimum and maximum.

I had savings in a mutual fund that lost 18% in the past 2 months. I've redeemed that money and adding it to the trading capital.

Maximum amount I can lose is pretty straightforward as the $CAD has a definite ceiling and by going short, I avoid the risk of the bottomless pit to 75 cents it sometimes goes to.