Looking pretty strong this evening. The goal here is long term hold and scalp as many pips as possible in range. We always wanting to be holding a basket full of NJ. Smart margin management is key.
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DislikedI was wondering what happened to you, with the number of posts you were putting out I was thinking you would be on the top of the list, but somehow couldn't find you. So I see you are switching to NZD/JPY now. The only question I have is about your swap payments. They are about half, not double. At least on IBFX. Possibly you are getting more on your broker, but most brokers give less interest for NZD/JPY than they do for GBP/JPY.Ignored
DislikedI was wondering what happened to you, with the number of posts you were putting out I was thinking you would be on the top of the list, but somehow couldn't find you. So I see you are switching to NZD/JPY now. The only question I have is about your swap payments. They are about half, not double. At least on IBFX. Possibly you are getting more on your broker, but most brokers give less interest for NZD/JPY than they do for GBP/JPY.Ignored
DislikedBut very few pips were made. It looked like much consolidating today.
There were a few pips to be made in GJ. But basically I scalped a few NJ and rebought again at the same price. I collected interest of 9 cents per 1K lot x 16 @ 5PM rollover.Ignored
DislikedI've traded profitably like this in the past, but never made much at it. I could never get my lot sizing quite right. I'd have a lot of profitable trades, but at the end of the month it just never added up to much. It's pretty stress free though.
How do you size your lots? For example, on a $25,000 standard account, how many lots would you be trading per entry?Ignored