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Inverse Pairs
v
Obecné
Apr 12, 2012 at 02:03
+1 for Midoru. You have to think in terms of portfolio management. This style of trading is positional and swing trading typically. Stops are not used. If you are of the belief that markets are cyclical all you need is for TIME to go by.If I have a potion(s) (long only) open in AUD/USD and the trade goes against me I look to buy USD/CAD. This does two things.1) buys me TIME to be right on my original position.2) reduces my risk on my original position (this is my stop)You have to stay small with your position sizing, this is key.Lets say I have 30% of my portfolio tied up in Oil, gold, silver ...
Inverse Pairs
v
Obecné
Apr 10, 2012 at 21:37
Agreed, Its not really brilliant its called trading. It's nothing more than portfolio management and once you get it you really don't even need to look at a chart let alone any indicators. Consider it old school tape reading and portfolio management.
Inverse Pairs
v
Obecné
Apr 10, 2012 at 11:29
audusd / usdcadis my preferred inverse pairing
How many pips should a reasonable trader make a month?
v
Obecné
Feb 09, 2012 at 18:29
Eh?If I'm down 100 pips at @ 1 lot on a pair but I'm up 60 pips @ 2 lots on another and I close both trades. Net Net I'm down pips but Im profitable.
How many pips should a reasonable trader make a month?
v
Obecné
Feb 09, 2012 at 04:04
It has nothing to do with pips per day, week or month. Some traders are negative pips an make a profit. Some traders are are positive pips and lose their ass. Positions sizing, giving yourself time to be right and position management are key.
Thanks for the tags
v
Obecné
Jun 27, 2011 at 02:31
Just to give others a few ideas on how you can use the tags.You can set them up how you like but here are a few ideas.Entry StrategyDirection of tradeTime FrameExit strategyError Recognition tagsPositive Trade Tagetc etc.
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