I have been hunting forums for some insight into a Set and Forget Outcomes. Not really looking for a how to, but the pro's and con's of making this trade.
Seems to me if you can get into a trending pair and let them run you can make some pips? I have read a one comment that suggests a once a year trade will work with the trend. The method involves using a SL of maybe 20% or less of your account..a positive carry would help too!! Also, use a Stop of a major trend line..
I am guessing it is a flawed method cause no one does it...But, I am having a thought that it might be profitable but too simple for most and no fun for traders.
Any comment would be appreciated.
I am going to demo and journal this method tonight..see what happens!!
generalz
Seems to me if you can get into a trending pair and let them run you can make some pips? I have read a one comment that suggests a once a year trade will work with the trend. The method involves using a SL of maybe 20% or less of your account..a positive carry would help too!! Also, use a Stop of a major trend line..
I am guessing it is a flawed method cause no one does it...But, I am having a thought that it might be profitable but too simple for most and no fun for traders.
Any comment would be appreciated.
I am going to demo and journal this method tonight..see what happens!!
generalz