Unfortunately the market isn't always the same for you to reap profits consistently, there are times when it will fade you out of you pant then youâll realized that your trading days are still too young; stay optimistic but be watchful, if it helps you should learn to work around different time frames to get more than just 1 pip, it's not worthed to gain a pip and then lose another ten on a reversal... sg20
I guess if pulldown means some sort of mean regression during a trend of some strength, than yes that can be profitable. At times. Like every onther technical method it depends on the curent behavior of a given market in a given time frame. However your profit targets are way too small and you dont even mention your risk reward profile. Which is realy irrelevant given the bid/ask spread you are dealing with if you are trading on a typical retail platform. 3 on the Euro and 4 on sterling makes swinging for profits of less than around 40 pips (and thats generous) absolutely suicidal. think about it. you are stuck 30 going in and 30 more coming out thats a whopping 60 dollar transaction cost on a one lot you are trying to make 10 on. The Juice will eventually kill you, but you sure are going to stuff a lot of money in your MM's pocket and he will LOVE you. Yes, yes, I know that theoretical fair value is assumed to reside somewhere between the Bid/Ask, so if you want to be picky cut my figures in half, but I wouldn't. All that said, while not perfect, developing a method that allows for entry during the retracement phase of a definite trend can allow you to set up nice risk/reward trades. there are million ways to accomplish this and it is especially good for newer traders because it takes emotion largely out of the picture and forces you to create a plan. Best of luck and please dont be a fish. You wouldnt pay 300% vig to bet a football game would you? FJMcC
'nuff said, you're wasting your time and eventually your money too. If you want to discuss a trading strategy or money management then let's discuss it, that might be interesting and productive, but just talking about how many pips you make is pretty pointless unless you're looking for compliments in which case you're in the wrong place anyway. Where are you from, London/Home Counties?
If your target is 2 pips, at what point are you shitting a bad position? There is nothing wrong with a loser, you just need to be able to take them. Good luck to you.
2 pips gain on 5 minute time frames? The pip movement for that time frame fluctuates significantly more than 2 pips. How do you structure your entries/exits?
every day i think about new trading strategy some work some don't so why don't every one of us share his or her strategy discuss it and some people who don't know will learn some good strategy for trading i invite all to share their strategy
Did you know there is a trading system that can make money if price stayed exactly the same for long periods of time? Well there is and itâs one the most popular ways of making money by many of the biggest and baddest money manager mamajamas in the financial universe! It's called the Carry Trade. A carry trade involves borrowing or selling a financial instrument with a low interest rate, then using it to purchase a financial instrument with a higher interest rate. While you are paying the low interest rate on the financial instrument you borrowed/sold, you are collecting higher interest on the financial instrument you purchased. Thus your profit is the money you collect from the interest rate differential. For example: Let's say you go to a bank and borrow $10,000. Their lending fee is 1% of the $10,000 every year. With that borrowed money, you turn around and purchase a $10,000 bond that pays 5% a year. What's your profit? Anyone? You got it! It's 4% a year! The difference between interest rates! Itâs pretty simple to find a suitable pair to do a carry trade. Look for two things: 1. Find a high interest differential. 2. Find a pair that has been in an uptrend â where the currency you are long has been gaining value against the currency you are short.
No shit Sherlock, really :eek: How about this then, there are even some people who hedge their yield positive trades with an Islamic Account broker who doesn't charge/pay interest so they have no equity risk, how about that, how d'ya like them apples!
Another guy who has just discovered the wheel. I quiver with anticipation at your seventeenth posting. It is going to need to be an earth shaker to top this one. regards f9