Is 1% price movement a lot for you?

For those that trade mainly 4h and daily charts, do you consider 1% movements in price a lot?




I ask this because I've noticed most of my trades slow down after 0.8-1% movement of the price has taken place and several times the price even reverses and hits the stop loss.


I understand this will depend on instrument and the daily range that changes throughout time, but still.


For (lets say) intra weekly trading, is 1% price movement (lets say 1,00 to 0,99) a lot for you to close a trade?

If your aim is to conserve capital then 1% is a lot. MY bank offers me 0.55% a year, so If I were skillful trader who can get 1% profit every week and my savings would be big enough to bother trading - yes 1% is a lot. but I'd need account of at least 5-10k balance to bother - then it would give me about 60% a year. maybe not much for get rich quick ppl. But take a look at your account after 10 years - you have nice amount of money. And with 4hrs/daily charts you don't have to look at charts every few minutes. Half an hour of checking charts in the evening would be enough. And after few failures in FX I think this is the only atticude that can build your wealth (or at least mine ;-))

I didnt mean 1% as in weekly profit. I have managed over that by keeping trades open 1-2-3days.


I am talking when the price fluctuates 1%. Like Oil going from 85 to 84.15.
Because it seems most of my trades stop there or reverse there.

That, of course, depends upon the instrument you are trading. The average trading range of a currency pair has nothing to do with its price. For instance, a few months ago, 20 day ATR (average trading range) of EURUSD was less than 50 pips/day, now it is above 100 pips, while its value has declined about 10% since May 14. It doesn't necessarily slow down or retrace after every 1% change in price (that would correspond to about 125 pips movement). There is no such correlation as far as I know.