- chipsngravey (https://www.forexfactory.com/chipsngravey) Good work. Once you keep that up the next step is to add to your positions. so instead of making 115pips on EU you will make 2, 3 or 4 times that so 460pips. dont rush to get to that stage just keep doing what you did today then build up. I use multiple positions thats how i make so many pips
So using GBPUSD for example i started building 10 positions on Monday. all these positions were upside down. the best entry i had was @12278 and all the other positions were between 12249 & 12278 . These were my swing positions. and i added to them when i knew i had it right. But they were all in draw down for ages. I also have a scalping account. i use that so i can trade the ADR of the day and bank profits all the way down, whereas my swing account normally stays to target. But sometimes i will cover 1 or 2 positions if i think it will bounce then i can add them back. PS, scalping to me isnt 10-20pips. i need 100pips or more
anyway hope that makes sense its a bit long winded
Oh and 1 more thing -- these positions arent massive positions they are all small relative to account. I think it might have sounded like each position was a £100 per pip they werent