Well congratulations on that news, some tings are way bigger than FX trading/speculating anyway
On the point of 900 pips over 100 trades, I wouldnât say âitâs not that muchâ - but more importantly I would say that the real rate of return is down to the amount traded per pip. Remember, pips are a unit of measure in trading, success in trading is measured in your account currency
10 pips may seem like a small gain, but not so small when your trading $10,000 USD per pip⌠itâs all relative as ever.
absolutely, it is actually so far 935 pips in 72 trades (not 100) I will stop once hit 100
but like you said, riskonfx, it is all relative to the value per pip
happy trading
we have now closed and reverse our short trade #72 (closed at 145.53)
and long gj at 145.54
as shown
I believe the gj will head back up after a h2 divergence, bouncing of the ema 220, and support area (using the h2 chart) plus engulfing candle
I am looking at shorting the gj upon forming another bear crownâŚbut as usual letâs just wait and see
we are long on the g/j already based on the 2-hour chart (t#73) which also had formed a 4-hour engulfing.
I am now looking at a second long trade this time at the 30mins IF the attached projected bull crown formsâŚif not our position could turn sourâŚ
well my t74 against the trend hit my target but âŚafter it stopped me out at b/eâŚthat happensâŚ
I have no regrets since I âshould not be trading against the trend anywayâ so I take the b/e over a loss anytime!
the last three trades were loss, b/e, lossâŚ
not happy dropping from over 1000 pips down to 888âŚlucky number?
anyway, I have entered long on a âday chartâ harami at the 38.2 fibonacci
although I couldâve waited for the market to retest the tweezer bottoms formed at the 2-hour chart, as to enter at much cheaper price (in pips), I have too much work to do outside trading for the rest of this month at least that I decided to go ahead.
this trade is costing 100 pips, and I rather not spend more than 70 (for a day trade) or 50 (for a 2h, 4h trade) or 30 (for a 1h and 30min trade)âŚbut like I said, I have too much to do and didnât want to wait âŚ
and now looking to reverse, the gj has formed a few bull candle signals at the 30m, 1h, 2h and the 4 hr (hammer), so I am looking at entering long once or if the hammer gets tested to allow for a 50pips entry
