Disliked{quote} It's literally the only way I've figured out to trade hah- just finding the spots that will give 10-30 pip moves. Go in with 5-10 pips stop at 2% risk, do a couple of those a day or even just one then forget about the market. Haven't figured out the position trading but, I'd be worried about waiting for weeks without income without even the knowledge if you're right or wrong. Plus cable gives you big swings both ways so normally quite easy to scalp off profits buying low/selling high especially if we're range bound for weeks. Short on R1...Ignored
I understand not being able to get income for weeks but here's how I manage. After every successful swing, I could literally get something significant done (material things) and have some cash lying around. I can't compare myself to anyone because most of my things including my house are fully paid for. I have no major monthly obligations unless minor stuff like services. By not having any pressure allows me to trade very comfortably and could wait for a long time.
However, I understand my situation could be different from other fellow traders hence the different approach. Actually, my situation could be the same with everyone else but you just prefer to scalp. I am just stressing why I could hold for a while.
DX? I long avoided that instrument as it can sometimes go it's own way while GU goes the other . However, I agree DX still heading up. A few months ago I mentioned that the US Dollar needs to give that horse kick up before crashing. I'd like to think it's prepping for it.
Let's see how it all goes
Take Care M
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