What is the best way to earn 10 pips a day

anyone? eur/usd … london Ny overlap session…

am not greedy but often,i lose 50 pips instead of getting 10 pips…

lets discuss and help each other

no one ??? :frowning:

thats a good goal, the only problem i see with it… is well you could be doing great for a whole week maybe even more, so in one week you make 50 or 60 pips, by getting 10 each day,

one problem, wheres your stop loss?, how big is it?, will one loss wipe out a whole weeks worth of effort? it sounds easy but one of these times a loss will happen, i love the idea but i just dont know if it would work.

Hi,

lets have some details from you to get started

if your trading eurusd, what time frame are you trading?

And give some details of the system that your trying to trade

i’ve come across the 10 pips thing myself, a famous trader called Rob Booker started it off with his ebook

What he ment was aim for at least 10 pips and if you end up with 10 pips be happy with it, if your risking 30 pips then ideally if you take a trade you should be aiming for more then 30 pips in return,

It doesnt always work out that way and in those cases you should be happy to take the 10 pips and run.

Onto a method, theres plenty how about a break out, thats the easiest method to make 10 pips and get out.

N

Here’s one you can take a look at:

http://forums.babypips.com/free-forex-trading-systems/10828-10-pips-day-nbop.html

…and here’s an auto drawing LRC tool to go with it, you might have to set the paramters to fit the system.

http://forums.babypips.com/attachment.php?attachmentid=5039&d=1220056659

:slight_smile:

frankly i have not found the sweet spot … thats y i am lurking here for the experts to pick me up :stuck_out_tongue: :stuck_out_tongue:

i like to the 10 pips made fast… how best can i do so? breakout will be lots of waiting right?

Weekly goals are hard to reach, so you can image a daily goal… sorry I don’t have the answer, just want to share my view.
Good luck