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  #1 (permalink)  
Old 05-12-2008, 01:58 AM
 

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Default How many pips you get in 1 day?

How many pips you can get in 1 day? And what system that you use?
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Old 05-12-2008, 02:24 AM
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I aim for 40 a week using price action.
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Old 05-12-2008, 02:29 AM
 

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Quote:
Originally Posted by swordofrue View Post
I aim for 40 a week using price action.
What system did you use?
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Old 05-12-2008, 03:02 AM
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When i start forex i decided to lock just +10 Pip's per day but the only problem i have on that time is money management coz i can not put My SL to -10 Pip's ... Anyway's Now i target for +30 Pip's & my SL is -40 Pip's... But i try my best not to hit my SL & Most of the time i exit my position's when i feel that market is slow or going against me or if i mistakenly enter's in a new's time... It's a tough business Man & market alway's change's it's behaviour time to time so we can not say any system perfect...That's why i am trading through several different way's like CandleStick pattren, Trendline's , S/R Level's , Fib's level's & Fan's (SomeTime's) , Pavoit Point's(Sometime's)+ Some commen indicator's like Stoch , Rsi , P-Sar Dot's & Moving average's...
But this is not enough Coz the only system i feel perfect is Trading through candleStick Pattren's & S/R Level's with trendline's... Now My forex experience is very good coz i came in this business when i was just of +20 ...If you have some very good knowledge about reversal candle's on higher timeframe's than Hope so you will not feel yourself in trouble Here in BabyPip's school You will find a good stuff about candlestick pattren , Taymen's thread about this pattren is also very good...Google search about it or find video's in Youtube...
PipHacker!!!
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Old 05-12-2008, 04:05 AM
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Quote:
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Now My forex experience is very good coz i came in this business when i was just of +20 PipHacker!!!
Hey PipHacker...gee, only took you 70+ years (as per your "how old are you" post)...
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Old 05-12-2008, 04:13 AM
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Quote:
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Hey PipHacker...gee, only took you 70+ years (as per your "how old are you" post)...
Haha I was just kidding around there ...I am just of 25 & This Coming August I,ll be of 26 ...
PipHacker!!!
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Old 05-12-2008, 02:30 PM
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I aim for as many pips as I can get. I use PSAR and toggle between 4hr and 1hr charts.
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Old 05-12-2008, 03:12 PM
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well i woke up to +163 pips this morning on the cable

# of pips per day is upto you and you trading system / style.
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Old 05-12-2008, 06:19 PM
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May i post a very interesting and very, very conservative spreadsheet regarding banking just 35 pips per week. I was recently sent it from my mentor. Any feedback would be appreciated.
Attached Files
File Type: zip 35pips.zip (6.4 KB, 36 views)

Last edited by andyfx; 05-12-2008 at 06:22 PM.
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Old 05-12-2008, 07:46 PM
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I've been writing my week-by-week predictions down in a blog and the results were pretty astounding. For 4 weeks in a row, I had been averaging approximately 90 pips PER DAY. My record was 1,244 pips in one week. After 4 weeks in a row of consistently winning, I had my first losing week this week, which knocked my average way down to a 35 pip gain per day overall (over the course of more than a month, mind you.)

In the past 24 hours I've closed 141 pips on 3 profitable trades (although I'm currently holding about -130 pips in open trades... that includes new limit orders that were placed in the opposite direction when those trades closed... it'll even out by the end of the week.)

Last edited by Yarcofin; 05-12-2008 at 07:53 PM.
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