Your Focus Determines Your Reality
Why the NZD is called The Kiwi 11 replies
Strong USD, especially against the kiwi 2 replies
Kiwi Interest Rate Decision of tomorrow... 4 replies
When do the Asian/Aus/Kiwi sessions start and end? 4 replies
DislikedThe Kiwi today got slammed across the board breaking its respective triangles againts all the other currencies. It was by far the weakest currency of all and thus the easiest to trade. I personally picked the NZDCHF and banked +40 pips this morning.Ignored
DislikedOh? Why not just do that all the time if it's so easy? Make 40 pips a day starting with 5 lots and compound your order size with each trade, you'll be a multi-millionaire by year end.Ignored
DislikedThat is ofcourse assuming you don't have any losing trades...
have you ever tried starting a position with 5 lots?
have you taken into account your Stop Loss is also 5 times more expensive?
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Disliked... and I wouldn't criticize any trader for only making 40 pips a trade.Ignored
DislikedTaking 40 pips out of the market, sure that's nice, but as a Swing trader I'm looking for the Trades that generate 400 pips and sometimes even more.
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DislikedScalping the market for 40 pips is not too complicated, show me someone that scalps 400 pips a day...Ignored
DislikedHello Tribble,
1) I call swing traders not someone who trades the medium term time frames but someone who trades each consecutive swing in a trend, regardless the time frame that trend is based on.
2) I closed half of my position at 40 pips, the second half is still open. Im aiming for 800 pips on this position.
3) I would sign right now for 40 pips per day. RIGHT NOW!
Sure, his name is Nostradamus. Perhaps David Copperfield could do it too.Ignored
DislikedBut Tribble, you realize that no-one, not even the best trader in the world, can sustain 80 pips a day? it's just not realistic. Where did you get the idea that such outrageous scores are possible?Ignored