DislikedSo you made 900 pips today, not bad. Its just, I am wondering why you would waste your time on this forum. Why not got to a big bank and get a great job and retire in 1 year. It baffles me, it really does.Ignored
900 pips have not been there ... that's for sure ...
That's naive calculation ...
Unzulässige Milchmädchenrechnung ... we say in such cases ...
This is only possible if you say ... hmmm ... normally I do trade 1x amount of such a position ... today I took 9x amount of that ...
But that does not count ...
All what counts is a "pips move" in "pips values" ... no matter if you trade normally 10K, 100K, one mill, ten mill or whatever ...
On the other hand so-called countertrend trade moves can be very profitable as well with very low risk ... but it depends on your experience and skills ... you must be very quick and fast then ... and very precise in near term estimation ...
Depends on thru which kind of lens we look at the market behaviour ...
Best is ... when we can widen our views from a certain distance ... and getting the facillities to serve them all ...
And this is possible ...
But right ... we must be aware ... that major daily direction has been a recovery move to the upside ...
And right ... we should be able to determine that todays move energy has been favouring the long side ... from a strategical point of view ...
Even then ... when various technicals did say that the trend is bearish ...
But I know all these things ...
And these facts are "Bestandteil" of a good and useful estimation and strategy ...
Elliott did point to the upside today ... btw !
;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts