Pip Farming: An Experiment

Whew, the big, bad wolf(forex) tried to huff and puff my account down, but he still left me confident

Let's list them, shall we? Brace yourselves; there are six:

NZD/USD Stopped out for -51 pips
GBP/USD Stopped out for -52 pips
EUR/AUD Stopped out for -56 pips
2 AUD/JPY's Stopped out for a total of -108 pips
GBP/JPY Stopped out for -56 pips

Alright, although I lost nearly 350 pips here, the important thing for the experiment is that my crops are surviving in the long-term trend. I am still up considerably for what my expectations were going into this. These current trades will only go up in value IN MY OPINION. Whether it actually happens or not is up to the economies of the world.

New Trades:

Short EUR/AUD @ 1.5583
Long NZD/USD @ .8043
Long AUD/USD @ .8853

Now that I have some leverage freed up, I will start to be more selective in the pairs I trade. You will see me adding to positions a little bit more frequently focusing on the good pairs.

Total UNREALIZED Profit -- 2244 pips
Total REALIZED Losses -- (1506 pips)

how's the farming? typhoon in the Augusts and about reaching a good support lv...

Interesting approach Kharvell. I will be following this thread with great interest. What is your plan for exits? When do you feel it is time to realize the profit?

Good trading

/Ronny

What happened to your experiment Kharvell? Really quiet lately in this thread..

Pip farming is good, but you must know when to enter. I look for tops and bottoms. Here's my test trades. There were several losses before, but the profit outwighs them greatly.