What is best strategy for daytrading?

JackRab said:
Buy low sell high... I find that's the best one out there...
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This looks pretty low to me. Perhaps my strategy right now should be to buy EURJPY.

EURJPYproM5.png
 
maxinger said:
huh? It looks pretty straight forward to me.
Do nothing since big picture is missing, and there is no reversal up signal.
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The big picture is, that it's been trending up for a year from about 110 and this might just be a pull-back from 134 which we hit around Sep 20th.

But indeed a good point... OP should know better to get the big picture in his comment. Pretty useless without it. :)
 
maxinger said:
Do nothing since big picture is missing, and there is no reversal up signal.
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"To each his own," is the way I look at it. Personally, I like to finish every single day with at least a few dozen pips profit in my pocket. So if I can buy at 132.07 and sell at 132.14, as I did in this case, it helps to add to my total for the day.
 
expiated said:
"To each his own," is the way I look at it. Personally, I like to finish every single day with at least a few dozen pips profit in my pocket. So if I can buy at 132.07 and sell at 132.14, as I did in this case, it helps to add to my total for the day.
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agree. different people trades differently.
as long as the method / strategy works for him, that's fine.
 
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