Experts, got a question that bugs me.
Understand as trend followers, we do not discriminate any trend.
Right now we have Palladium which has a very nice trend, respecting the 20MA and breakout. However, having to enter this trade along would means a 200pips head lost to the spread. I've checked my Broker, Oanda, it has been consistent with this spread, without any movement.
According to 2 ATR @4H, that would be ~900 pips. So the spread actually makes a ~25% lost when we start a trade.
Do we actually trade at high TF so that % of spread:SL would be less? Or do we skip this high spread precious metal?
Hope to hear from you guys soon, esp Rayner~
Regards,
Jav
Understand as trend followers, we do not discriminate any trend.
Right now we have Palladium which has a very nice trend, respecting the 20MA and breakout. However, having to enter this trade along would means a 200pips head lost to the spread. I've checked my Broker, Oanda, it has been consistent with this spread, without any movement.
According to 2 ATR @4H, that would be ~900 pips. So the spread actually makes a ~25% lost when we start a trade.
Do we actually trade at high TF so that % of spread:SL would be less? Or do we skip this high spread precious metal?
Hope to hear from you guys soon, esp Rayner~
Regards,
Jav