ps. at 697 lots at 100,000 per lot, its implied control of 70 million. I doubt you would be still trading at a boutique brokerage but would move to the interbank market.
heres a chart of the implied trading range for that pair. Sometime in the coming months a seasonal price slide is expected. Similar to last year. Price slides can occur when there is a news vaccum and market participants are asleep during a low liquidity situation, usually around holidays. The other times are during major economic reports or when politicians shoot their mouth off. Its not efficient to sit around and wait for these moments. An API can be programmed to keep track of price movements and watch for price characteristics that signal such events.
you write very well. you do need to work on your reading though. this thread is a question, not a "$1m in 3 months" journal. The journal is coming, as soon as I am ready. p.s. pls do not confuse this project with my other trading/speculating/investing activities. p.p.s. your alluding to car, chick and condo betrayed your station in life; people only wish for things they do not have.
I agree with you, I do need to concentrate, and to stay flat at EOD. At EOM (or EOW), I do have to face the diversification issue.
You can do it in less than 100 trades risking 20% of balance every trade and guessing right over 62 times.
Haha, if you constantly bring 1.2% return each day for the next 250 trading days in a year (not counting the weekends), you will be able to make $1,000,000. Have fun! 1.01205^250 x $50,000 ~ 1,000,000 Now if you bring a constant 5.12% return on each day for the next 60 trading days (three months), you will make a million. 1.05119632^60 x $50,000 ~ 1,000,000