Quote:
Glennn,
It sound good to get 250 -600 pip perweek. But i just wonder whether this target could be maintain consistantly on weekly basis. It certainly give tremendous pressure to acheive this target.....on weekly basis....Don't you think so?
In addition to amount of pip, position size and physycology are equally important i guess.
I prefer something relax, consistant on long run, no pressure and close on the same day, slow but steady....
May i know what percentage of your fund is used for each trade.......and what method u use to acheive that target.
Thank you
|
If you study a pair and stick to that pair you will learn how to trade it, I trade from market open Monday to NY close Wednesday... often with only 4 to 6 hours sleep.....
If you look at the G/J this past week you will see large moves..I think 400 plus two nights in a row...
therefore trading a pair like the G/J it is quite reasonable to achive 300-600 a week....
I use a simple MA cross with a strength indicator...I would say that I could trade with the strength indicator solely......A good knowledge of candle patterns and Fibnoacci is also required.
I must add that I have been trading for over 6 years and in the begining I lost money and struggled, like many...
I do not put pressure on my self, as I said 300-600 a week is achivable trading a volatile pair..
My Money mangement is based on open positions are no more then 5% of my account and I trade multi lots....
If you look at
Auslanco - GBP/JPY and GBP/USD (newstrade)
you will see a method thats not to different from mine and the author is also making 2500 pips a month...
Glenn