For example, let's say that the 300 pips is well outside the recent reaction high (that's how you measure volatility--by eyeballing the chart).
I'm afraid the previous saying of 1,000 pips per contract without mentioning time interval would be probably unclear/ ambiguous. Using yearly basis, your figure then would be 2,000 pips per contract per year on average. My calculation is trading "without leverage" would produce about 15% to 20% returns per year. Looks like you'd be more than a position trader as you claimed.
Most all position trading, but do take some occasional swing positions as you can see in the journal off of shorter term charts. Rarely a daytrade. In addition, I generate income by selling calls or in the case of currency futures, I have sold puts from time to time. My moniker should provide insight into that type of trading. The thing to remember is that the main emphasis is on the longer term, not day trading or even swing trading and I am in numerous markets, not just currency futures. I can be in numerous markets due to being underleveraged.
I do want to point out one further item: When I sell calls against my longer term position, the hedge makes the leverage lower than the outright position without the hedge.
We'll need to break that 1.25470 daily chart low on the EuroFX by more than 3 pips --This much I know.
you are leaving me in the dust lol, I have not had time to get up at 4:00 AM and trade my fx futures lately.... missing all the action
Why not put on some position trades. Have a look at the weeklies on these and see if you agree with me or whether it is a fake out.(Less potential for fake out on weekly due to the seriousness of holding overnight and over weekend).
There is something here that needs to be clarified. What I am saying is that I will catch 1000 pips on a move perhaps twice a year. This doesn't mean that there are not other trades which I close that do not reach the full 1000 pips.
Attached is a chart of the weekly Canadian Futures. I am currently short and at the present time, I feel it is best to stay that way. Comments invited.