- Search Energy EXCH
-
Less than Five Pips
Started Feb 22, 2021|Trading Discussion|24 replies
Anyone out there trading for less than 5 pips. I've been trying my hand at some 2-3 pip trades ...
this would have been a disaster...almost no room for error lucky
Indeed, and my spreads are much larger than that right now. I'm closer to 100-150%. Madness, I would certainly need better spreads to make it even remotely feasable.
Understood, makes perfect sense. I don't know why I settled on 2-3 pip targets, it was random I think, perhaps it seemed most doable. But I may experiment with expanding that. My SL placement was also random, generally its 10x my target I think, ...
been in this trade for a hour an a half now, trying for 2, missed by a tad.... covered it for a pip almost will wait for the next one.
What time frame are your trading? How many pips are you looking for?
less than optimal perhaps, but I took it...a few other trades I passed on due to margin constraints again
Thanks for your reply. Your examples are spot on. I understand the math and its indisputable. Certainly we are at at disadvantage as small retail human traders. I still think there is an inherit edge is short term trading as far as making ...
I guess I better be right a lot. Seems like a daunting task at best.
I'm seeing that I can become more selective as there are a fair amount of opportunities each day.
I took this trade. Trying for two pips, my execution good have been better. Would have loved buying this pullback now, but I'm in, down about 8 pips, so now I just have to let it play out. Really need some more margin in my account. Probably jinxed ...
Anyone out there trading for less than 5 pips. I've been trying my hand at some 2-3 pip trades ...