DislikedA little question... To everyone using Trend Follower method.
How many trades you catch a week? A month? How many pips?
Last trade I catched was last thursday and I traded gold.Ignored
If you take only high probability trades then the number should be like I mentioned before but one could easily trade more. The question is that would it be sensible? I know that many TrendFallowers are using EA signals and confirm it with 1H trend. i guess it's OK as long as the trade is in the direction of 1H trend. I myself right now don't look 1H chart because I only take conservative trades.
As for pips I usually make around 200 pips per month. I have made 400pips and the worst month was 119pips.
But that's just me. My TP targets are R1 or S1 only and then I close my trade. I don't trade if price has moved away from those levels either.
I am thinking of trading multiple lots as when my first target is reached then I would move my SL to BE and target my second TP level R2, R3 etc.
I'm quite sure that 400 pips per month is easily doable if traded bit more aggressively and with trailing stops, multiple lots etc.
My trading time is also limited as I only trade from London open till 30min before US news. 5 hours total per day.