[quote=7thSignalTrader]
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Originally Posted by tonyj
Tony,
I agree - my first thought when I read the question was "false premise" = "false question". The math is easy. You can be more than one type of trader at the same time, too. Which is a smart way to manage and preserve capital.
The Outlook Trade in my system is one that runs at least one (1) month in duration, but can run up to as many as 5 months or more. Right now, my system is projecting the Outlook Trade to be up to 5 months targeting the $1.2450 level at the time of this post.
However, because the systems targeting package is dynamic, those targets get changed with every tic. Only, with the Outlook Trade the changes in the target projections are less than a few pips per day unless there is a major move like we had a couple weeks ago, where the Outlook's top side was $1.2300. At the time, the current price was in the $1.1700 range.
Those pips are what you see in my trade journal on the "Outlook" trade profile where the system used the open price of January, in the $1.1820 level. So, a Long Hold when the system gave that entry price at the start of January, would have net 505 pips thus far before this 226+ pull back that we are seeing right now about one (1) month ago.
Agreed, smaller pips are by definition easier than larger pips and I have some of the built into my system with the Initial Move trade and under certain circumstances, the Day trade itself gets truncated when the system does not have a strong enough probability associated with the trade.
You are correct. In fact, many people would be totally blown away if they were to calculate what just 5 pips per day could net them if the were able to accumulate those pips consistently on a daily basis using high leverage like 200:1, or even 100:1.
Those peanuts add up really fast!  Pretty soon, you are talking about some real peanut "butter".
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7thSignal...
You and I have the same kind of system..(I hate the word "system") in which
there is that heart or soul which all the others don't have. I too have that
one ingredient which would track the market up to a year and beyond if one
wanted, and by that time you've gained the coffers to do so. I am an old
man now, an octogenarian....had made mine in commodities and am only back
on the scene with forex. Only for a look-see. Because I have a son who is
trading and I'm helping him. But the market in my day, was different. The
market is still the market. But in most of my trading, we didn't have the
computer. The computer came in at the end of my trading days. Where
I ended up using the DTN... disk. Otherwise it was necessary to
be at the Broker's office to use the quoting machine. And we drew up our
own charts. It's different today....all around. Now you have the Forex with
which just a few dollars one can open an account. You have free quotes...
we didn't. You had to pay for it. It's like you going to the super market
and paying to find out the price for a loaf of bread. Even if I am an experience
trader....it doesn't amount to a hill of beans. I do have some something to
compare to....and the Fat Lady hasn't changed her garter belt one bit. It's
just the same old song but a different Fat Lady doing the singing.....and the
shot glass has a different brand of booze. And the pick pocketers haven't
changed their style and their smile is still the same as that of a bedbug after
his fill. You have a better chance to make a bundle...even make a living
doing it. At least now....you can try flipping the quarter....and you know
it could come up head or tails. In my day....you weren't always sure...
the guy doing the flipping would run off with the coin....and he was the
fastest man on the track team. He'd even start off in a kneeling position.
Have good trading....
ciao
Tony