5 pips / day
I usually make 1 or 2 trades / days with my 5 pip breakout system, everage is like 7 pips/day.
The Idea - We all know there are supports, resistants and psychology levels in currency trading and those are the places traders usually put their STOPs, especially retail traders. If you pay attention to the price movement, there are high probabilities the price will breakout the supports/resistants or it doesn't touch the supports/resistants at all. Case 1, a clear breakout, price break the level with little or no retracement. Case 2, a fake breakout, it price the level about 10-20 pips then move back. It's the second case that most of retail trader get pushout before they see the price move back to their favorate direction because most of them put the STOPs 5-10 pips around the supports/resistants. We often see when price breakout, its momentum last at least 15-20 pips and the movement usually very quick, in a fews seconds. Why? It's very obvious, trader's STOP get trigger, which push the price move further.
more detail and setup about the system can be found in my blog, see my profile for URL, can't put link here.
Matt
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