The enclosed statement proves it is easy to make money trading randomly , using 80 pip stops and 7.33 pips gross profit , or 2 pips net profit per trade during the Frankfurt/uk and U S sessions. The choppy sessions are difficult , but not too difficult to make money in.You do not need trends to make money intra day. Proof 80 trades , 150 pips in a 100 pip day.
just curious, what do you have to pay in your own currency to whoever your broker is, per round turn pls? it seems enormously excessive to place trades as your post, no? won't it be possible to synthesize whatever you call them trendlines, down to just a few manageable size, so as to reduce your own confusion in your own mind, as minute drags on to hour culminating at the end of the trading day in 6 hours, no?
OILFXPRO: WHAT IS GOING ON WITH YOU AND YOUR ATTACHMENT? my service protection unit identified your attachment as trying to sneak through the back door SECRETLY to seek unauthorized info? why is this necessary to spy on other traders? if i do not get a satisfactory answer within 24 hours from you, inasmuch as i like your posts, i'll have no choice but to quarantine you and your service provider, that is fair enough, right? Pls notice top of the attachment of your file, downloaded to my computer and being captured to show the failed attempt to spy.
1.7 pips is included in above prices , Barclays charges 1.3 pips.I can get lower spreads with futures brokers. Time factor is more important in placing trades for others to follow.By the time I post details , sometimes I will have exited within seconds of placing trades.Anyone can see my trades in real time , if I allow any one to see them. These are random trades not trend line trades , see far right on image.
Have you seen ddav's thread? He has a similar system to yours where he can randomly trade and net profits, see first post: http://www.elitetrader.com/vb/showthread.php?threadid=214316
I saw the thread , he does not give any clues on what drives his entries.I was no wiser at the end of the thread.
Great post See image below confirms what you are saying, some days are even worse.On this chart you probably get 4 losses of 12 pips and 3 profits of 20 pips , using trend trading. Here is the possible solution. Trade with the intraday trends using a very tight stop of 12 pips and a target of 20 pips , move to b/e after 12 pips Alternatively use a contrarian /random method.
I would argue that it isn't "trend trading" at all, but some kind of moving average following. But I'll let other experts opine on this.
You're absolutely correct. On that particular trading day Weds May 25th the EurUsd was not a trend day and the available market context failed to help setup a trend day. In contrast, it was a low volatility range day in which ALL volatility spikes had been retraced. Trend days do not retrace most of the volatility spikes in the same trading day in which they're produce. In addition, the very obvious, the price action of May 25th was stuck within the range of the Tues May 24th price action. To be specific, the volatility spikes of May 25th were stuck within the range of the volatility spikes of May 24th resulting in the low volatility range day. Yet, that doesn't imply the price action of Weds May 25th wasn't useful. Take a look at "late" Thurs May 26th and Fri May 27th. The price action of Weds May 25th gave support for the price action of those two trading days that follow...that's what low volatility range days are suppose to do...they setup trend days. Simply, all the trading days continuing afterwards until current...looking at them as a whole have been in a trend like price action that got started from an uneventful low volatility range trading day of Weds May 25th. Think outside the box. Mark