I've really kinda realised something...I'm probably not going to make much $$ trying to scalp Forex...I am better at looking at the daily charts...entering a position and setting a manual exit and going on with normal life...I am way to 'aggressive' to wanna jump in a 'trade manually'...I NEED to be removed from manual trading and let the reason or system for why I entered the trade take over...hence, trading with a longer time frame in mind, going on with normal life and NOT scalping...any thoughts?
10 pips (at least) per day
- Thread starter increasenow
- Start date
I take it you are prepared to absorb the wider pip swings against you(50 - 125 avg) when trading the daily ?
I think your meds need to be adjusted.:eek:
Sounds like a good idea, watching pips on a chart can be tormenting, this will be a lot more relaxed and less stressful.
Like southbeach4me said, you'll just need to adjust trade size to allow for wider stops.
I don't know what strategy you use but you're obviously going to have fewer ideal trade set-ups so I guess you'll need to be patient, and you'll also have to wait for the trade to play out, the whole trade start to finish could take a while.
Ask Ivan, he's more of a positional trader so he may have some helpful tips.
just sold GBP/USD @ 1.6471
set a target of 50 pips buy to exit
Did you set a stop loss?
Someone will be happy when they wake up
