The real reason for the extreme tough trading in the FX?

[moarla]

Quote from cabletrader:

He doesn't need to know account size to calculate percentage.

He said:

"320 pips on EUR/USD is 300% return PER DAY at 100:1 leverage.

Even at 10:1 that is still 30% per day"


I still don't get the point of counting the number of pips price moves back and forth in a day, it seems like a totally pointless exercise to me, no-one is trading all those moves.

dear cable my "exactly" referred to

"ScapGF, you're the one who doubted that the movement was there. What one is able to capture is a whole other matter. moarla does not have to prove anything, as the discussion started out with questioning if the zig-zag movement was even there to begin with."

 

[moarla]

Quote from ScapGF:

I have no doubt that there are up and down movements WELL above 500 ticks in a single day. Just watch a tick chart for 5 minutes and anyone can see that.

However, it was insinuated that it was somehow possible to consistently net 500 pips per day trading EUR/USD.

Maybe I read it wrong, but the person in question said the exact following:

"EURUSD (or the EUR future) you can make easy 500 ticks a day"

The operative words in that sentence are "you can make easy" and NOT "there exists easily"

Making and existing are two entirely different things.

The fact of the matter is that it simply isn't possible on a day to day basis.

you are shure about that?




(i said from 300 to 500 ticks, depends on the day...)

 

[update]

Quote from moarla:


(i said from 300 to 500 ticks, depends on the day...)

I don't doubt you trade well. but it seems you are scalping

I hate scalping, I trade much better than you, I increase position size but only collect 30 pips

I work less, and make same as you

see. you don't know everything

 

[moarla]

what is scalping? i take from minimum 10 tiks a trade to 30 and also 80 pips a trade...

thats not scalping in my view...

 

[moarla]

Quote from livermoreorless:

I have been debating whether to diversify my trading into forex in addition to stocks and futures but I've read and heard from many other experienced traders that currency is actually one of the hardest trading instruments.

I looked at some of the EUR and GBP charts and must admit that pound-for-pound, it does look a lot faster/volatile.

I calculated some potential trades and the profits/loss would have been near 3x DJIA futures and almost 8x stocks.

Can anyone provide a reason for this large discrepancy?

Much appreciated

But i will stop tgis useless discussion: that was the 1. treat i answered.
There should be no question about that FOREX moves faster and makes more moves during day than ES or stocks.

If we all agree on that , ok, if not ok.

Back to trading.

 

[cabletrader]

Quote from moarla:

you are shure about that?




(i said from 300 to 500 ticks, depends on the day...)

Consistently? Extremely unlikely, I'd challenge anyone to produce 300 to 500 profitable pips of actual market moves on Eur/Usd daily on a regular basis.

If that's what you're suggesting you do then I'm sorry I simply don't believe you, no-one with any trading experience would believe such a tall story just on someone's word.

 

[4XQs]

I agree that consistently capturing 300-500 pips of movement in EUR.USD would be very, very close to impossible. I shall not say never, but I'll believe it when I see it (or a statement, rather).

But I would assume that in this case it would refer to lots of 100k or 6E-contracts of 125k, which would mean 40-50 pips when you're trading 1m size. Still an extremely impressive feat, of course.

 

[cabletrader]

Quote from 4XQs:

I agree that consistently capturing 300-500 pips of movement in EUR.USD would be very, very close to impossible. I shall not say never, but I'll believe it when I see it (or a statement, rather).

But I would assume that in this case it would refer to lots of 100k or 6E-contracts of 125k, which would mean 40-50 pips when you're trading 1m size. Still an extremely impressive feat, of course.

That's deceiving. So anyone who makes 20 pips with 50 lots (5m) is making 1,000 pips?

I think by definition a 'pip' is generally accepted as meaning an actual move in price, that's the way I've always seen it anyway.

 

[moarla]

1 pip or tick is from 1.2540 to 1.2541

so ticks means price improvment not gain improvment.

if you trade 1 contract or 1000, 1 tick is 1 tick

 

[cabletrader]

Quote from moarla:

1 pip or tick is from 1.2540 to 1.2541

so ticks means price improvment not gain improvment.

if you trade 1 contract or 1000, 1 tick is 1 tick

At least we agree on something, perhaps we should quit while we're ahead


So this would be 49 pips of market moves, irrespective of how many lots were traded....