Disliked{quote} Trading confidence of course Peter. A confident trader can make thousands a dollars a week whilst a trader with no common sense probably adds to losing trades and uses no stops. Mate it’s just common senses PeterboyIgnored
So I also started the other way around trading. Today I'm able to win trades with max. 2 pip spread on 10 pips TP. That is incredible. I struggle on 2 pips spread going for 10 pips TP but I manage to stay ahead. I think why I'm not yet profitable trading like you is my lag of experience of having 0.3 pips spread and due to that possible to use also trend techniques. I "demo-ed" it few weeks ago and made easy $20 dollars with the smallest lot size in 1,5 hours, making about 120 trades only on GBP/AUD with avg. 0.4 pips spread incl. commission.
So keep up posting here. I know you are geniune, means you really make money in the markets, using trend techniques even in forex markets and be consistent profitable. I would like to achieve that, too one day, turning away from the "dark side" of trading (e.g. counter trend trading) but it will take time. It's a long journey.
Currently I go short on USD/JPY at 146.24 10:45 eouropean time.
And why I'm writing my position is in plus and I sell (that is seldom). Closed at 146.16. after spread. I earned 8 pips on a "real" 13 pips move thanks to my desastrous spread of 2 pips on USD/JPY. That is counter trend, dark side trading. I wait for the "signal" of the big buys and it worked perfectly that time.
Thanks probably to your input RickM here I took a perfect trade (even if it was counter trend).
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