The purpose of this thread is to just bring up something intersting.
As anyone who has ever studied tickcharts and how price moves on them will know price stalls and zigzags 1pip up and down at sup/res.
Im 95% sure that 'the powers that be' have covered this angle, but if a trader could buy/sell when the price touches the sup/res again and have a TP for the bounce (1pip) then it may work out. For this to work a spread of 0.5pip would be needed, And the only places I have seen that is ECN's..... but the commision kills that idea.
In the scenario that you had a 0.5 spread
every win would be worth 0.5pips
and every loss 1.5pips
But I seriously think the W/L ratio could be 90%
and if this was the case then per 100scalps there would be 30pips profit.
and there would be 1000s of possible trades a day.
If only!
Hmmm, I wonder if theres a broker that will agree to just take a % of my profits and charge no spread! lol. Then i realy would be in the money!
As anyone who has ever studied tickcharts and how price moves on them will know price stalls and zigzags 1pip up and down at sup/res.
Im 95% sure that 'the powers that be' have covered this angle, but if a trader could buy/sell when the price touches the sup/res again and have a TP for the bounce (1pip) then it may work out. For this to work a spread of 0.5pip would be needed, And the only places I have seen that is ECN's..... but the commision kills that idea.
In the scenario that you had a 0.5 spread
every win would be worth 0.5pips
and every loss 1.5pips
But I seriously think the W/L ratio could be 90%
and if this was the case then per 100scalps there would be 30pips profit.
and there would be 1000s of possible trades a day.
If only!
Hmmm, I wonder if theres a broker that will agree to just take a % of my profits and charge no spread! lol. Then i realy would be in the money!
Living the adventure in my head.