Open trading account 
Dear friends ,
Yesterday i posted about the power of the trend and one of the typical mistakes beginner traders make.
The example was 30 mins.chart for a 24 hr period.
But we shall see some better examples today.The first 4 weeks from 1.0750 to 0.9400 gave 1350 pips !! The next 4 weeks from 0.9400 to 1.0750 gave another 1350 pips !! The next 4 weeks from 1.0750 to 0.9650 gave 1100 pips ! A total of 3800 pips in 3 weeks from JUST 3 TRADES !
You can argue such things happen only once or twice in a year. But just calculate the returns from the leverage ( between 1: 5 to 1: 100 ) one could have returned anywhere between 1000 % to 10000% !! in 3 months.
BUT THIS POST IS NOT TO SHOW HOW MUCH YOU COULD HAVE EARNED IN SUCH TRENDS.
REMEMBER - THIS POST IS TO TELL YOU - NO LOW IS TOO LOW , NO HIGH IS TOO HIGH.
IF SOMEONE THINKS 1000 PIPS IS VERY HIGH AND TAKES A COUNTER TREND, HIS CAPITAL WILL BE WASHED OUT IN A JIFFY. (Though he may have guessed correctly , before the market returns to his point , his capital would have been vanished long before that).
We see these things work in any time frame - yesterday we saw in 30 mins.time frame, and above in 15 trading days - 3800 pips in 3 trades.
Another example - this time still longer time frame - weekly chart in GBP/JPY
THIS TIME 9500 PIPS !! ( from 215 to 120 - NON STOP !! ) IN A SPAN OF 6 MONTHS !
ALWAYS REMEMBER THIS BEFORE YOU TAKE ANY COUNTER TREND TRADE - " NO LOW IS TOO LOW:NO HIGH IS TOO HIGH"
HAPPY TRADING,KUTTY
Yesterday i posted about the power of the trend and one of the typical mistakes beginner traders make.
The example was 30 mins.chart for a 24 hr period.
But we shall see some better examples today.The first 4 weeks from 1.0750 to 0.9400 gave 1350 pips !! The next 4 weeks from 0.9400 to 1.0750 gave another 1350 pips !! The next 4 weeks from 1.0750 to 0.9650 gave 1100 pips ! A total of 3800 pips in 3 weeks from JUST 3 TRADES !
You can argue such things happen only once or twice in a year. But just calculate the returns from the leverage ( between 1: 5 to 1: 100 ) one could have returned anywhere between 1000 % to 10000% !! in 3 months.
BUT THIS POST IS NOT TO SHOW HOW MUCH YOU COULD HAVE EARNED IN SUCH TRENDS.
REMEMBER - THIS POST IS TO TELL YOU - NO LOW IS TOO LOW , NO HIGH IS TOO HIGH.
IF SOMEONE THINKS 1000 PIPS IS VERY HIGH AND TAKES A COUNTER TREND, HIS CAPITAL WILL BE WASHED OUT IN A JIFFY. (Though he may have guessed correctly , before the market returns to his point , his capital would have been vanished long before that).
We see these things work in any time frame - yesterday we saw in 30 mins.time frame, and above in 15 trading days - 3800 pips in 3 trades.
Another example - this time still longer time frame - weekly chart in GBP/JPY
THIS TIME 9500 PIPS !! ( from 215 to 120 - NON STOP !! ) IN A SPAN OF 6 MONTHS !
ALWAYS REMEMBER THIS BEFORE YOU TAKE ANY COUNTER TREND TRADE - " NO LOW IS TOO LOW:NO HIGH IS TOO HIGH"
HAPPY TRADING,KUTTY
