Hello all,
I've been trading very successfully for over a year now, & I've done alot of hunting around on the internet to find some kind of vindication of my trading strategy. I trade one pair, & I (almost without exeption) only trade it in favour of the interest rate differential. I know this is sounding like a carry trade, but its not, not quite...
By trading in favour of the interest rates (only where the pair has a differential historically always in favour of one direction), & only one pair, I can calculate exactly where my stop loss is & keep this outside of the long term range, effectively giving me 0 risk unless things go really, really spectacularly t*ts-up (ie a nuclear war or similar apocolyptic event!!).
By doing this there is no such thing as a losing trade. If you hang onto it long enough it'll come good, & if you have enough margin to keep trading when sitting on a couple of dodgy positions, the money keeps coming in. I combine this with 3 different timeframes of trading as well, making consistent money day trading (usually 2-3 trades per day of 50-100 pips), sporadic larger returns on swing/weekly trades (1-2 per week of 3-400 pips) & finally, long term monthly/quarterly moves (roughly one every 4-5 months, approx 10-15,000 pips).
Am I the only one that does this? I've not found anything written anywhere about a similar strategy that doesnt bang on about focussing on the carry side of it. This has produced around 420% ROI for me over the last 12 months & my account utilization rarely goes over 15-20%. It seems so simple, am I missing something? :err:
I've been trading very successfully for over a year now, & I've done alot of hunting around on the internet to find some kind of vindication of my trading strategy. I trade one pair, & I (almost without exeption) only trade it in favour of the interest rate differential. I know this is sounding like a carry trade, but its not, not quite...
By trading in favour of the interest rates (only where the pair has a differential historically always in favour of one direction), & only one pair, I can calculate exactly where my stop loss is & keep this outside of the long term range, effectively giving me 0 risk unless things go really, really spectacularly t*ts-up (ie a nuclear war or similar apocolyptic event!!).
By doing this there is no such thing as a losing trade. If you hang onto it long enough it'll come good, & if you have enough margin to keep trading when sitting on a couple of dodgy positions, the money keeps coming in. I combine this with 3 different timeframes of trading as well, making consistent money day trading (usually 2-3 trades per day of 50-100 pips), sporadic larger returns on swing/weekly trades (1-2 per week of 3-400 pips) & finally, long term monthly/quarterly moves (roughly one every 4-5 months, approx 10-15,000 pips).
Am I the only one that does this? I've not found anything written anywhere about a similar strategy that doesnt bang on about focussing on the carry side of it. This has produced around 420% ROI for me over the last 12 months & my account utilization rarely goes over 15-20%. It seems so simple, am I missing something? :err: