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JDavda
what is biggest pip trade you have seen?
in
General
Nov 10, 2019 at 11:13
That chart looks good in hindsight but momentum is slowing in a major way. Which makes it hard to stick with a directional bias with conviction. There was more money to be had there on carry than direction.I'm speculating that swing traders didn't do well in that pair. Anybody that sold breaks since the second half of 2018 would probably have gotten stopped out or faked out.https://www.myfxbook.com/files/JDavda/EURUSD_GBPUSD_ATR.png
what is biggest pip trade you have seen?
in
General
Nov 07, 2019 at 18:22
Your post has made me take a trip down memory lane. I did have some good trades in GBPUSD.Didn't trade it much in 2014 because I was mostly shorting the euro. I got a great short in the middle of 2015 that I rode down to 1.50. In 2016 I wanted to short 1.50 but then Brexit happened. It hit 1.50 during the vote but the pair was fluctuating over 150 pips per minute. So I didn't take that trade. I had losses in 2016 trying to short the run up to Brexit.I don't know what happened in 2017. To this day that rally makes little sense to me. Luckily I didn't trade that pair much at that...
what is biggest pip trade you have seen?
in
General
Nov 06, 2019 at 15:34
GBP is one of those few currencies that has been trending nicely. Not sure if it makes sense chasing it higher with GBP/USD up like 5% in Oct.. but certainly would look to get involved on a dip.I'm not entirely convinced the political backdrop warrants further gains, but the technicals sure do look good.
Post your XAUUSD Gold signs here
in
Experienced Traders
Nov 06, 2019 at 13:38
I think gold is currently under pressure because the dollar is bouncing. The dollar index (DXY) seems to be supported by the 50-week moving average. $1480-$1484 looks to be a major support level for gold. I've noticed several analysts are calling for a further decline to $1440-$1460 but I don't see it happening. There's strong momentum on the weekly chart. So I don't seem likely to me.DXY posted a bearish engulfing candle for October so I do think rallies will be sold. But the other thing weighing on gold is strength in the equity markets. I'm not going to try and call a to...
what is biggest pip trade you have seen?
in
General
Nov 06, 2019 at 13:28
My biggest trade was 1700 pips shorting EURNZD. It was back in 2014 when the Euro was falling apart. The best part was that it was collecting a nice swap while I held for just over three months.But it actually messed me up pretty bad. While it was one great trade, this was early on in my trading and set the wrong mindset for me. After that, I gave back all the profits and a significant chunk on top of that chasing 1000 pips trades. Since then times have changed and there is a lot more of this grinding type action in the markets. I find it much more tougher to get the big trades these days an...
1% risk
in
General
Nov 06, 2019 at 13:23
I think the risk parameters should not be set by a hard percentage point. I've heard this many times over the years, "don't risk more than 2%". But realistically speaking, I think it's best to take into account the trading style. For example, if a trader only takes 5 trades a year, then 2% does seem appropriate. What about a trader that does 5 trades a day? or 10 trades a day? What if a trader went 0 for 10 on the day while risking 2% per trade? it doesn't quite make sense.Also, some traders have a good risk to reward ratio but perhaps not so good of a win to loss rat...
Any Gold Trader Here?
in
General
Nov 06, 2019 at 13:13
I trade gold. Do you have any questions? I usually post my analysis online here -> https://www.thegoldanalyst.com/gold/category/analysis/. If there's anything specific you are looking for please do ask, if I'm able to help I'd be happy to do so.Some interesting times in precious metals. There seems to be a strong breakout since gold crossed above $1350 back in June. Even though it's been pulling back the last two months or so it still looks quite strong in the bigger picture.
Choosing the Right Broker
in
General
Aug 17, 2019 at 11:08
I have traded with probably about 10 different brokers over the past 8 years or so. I think it comes down to what you're looking for in a broker.Generally speaking, one of the most important things for me has been spreads. In my early days, this wasn't as big of an issue because maybe the broker offered something else that I was willing to sacrifice paying a bit more in spread for. I have now realized that commissions can add up in a real way. Many times have had months were my performance was just mediocre and then I find out I've paid more in commission than I have made in profit...
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