40 pips a day

[digits2603]

Originally Posted by Sweet Pip

Ok, that link doesn't work...try this one....

Between 40-100 pips per Day

pssst...always preview your posts and test your links

When i try to click this link i only get a white window
is this page deleted by the admins?

[Sweet Pip]

It works when I click on it...from different computers in different locations...maybe you just have to give it a few more minutes to display...I notice that this website lags a lot!

[digits2603]

I have tryd many times to refresh page but its still white
strange thing is that i can see any other threads or posts with no problems.
Also when i search for the member James and ty to click his posts
its also the same.

Could any mods or admin have blocked my ip for only the make 40-100 pip a day thread?

[Sweet Pip]

Originally Posted by digits2603

I have tryd many times to refresh page but its still white
strange thing is that i can see any other threads or posts with no problems.
Also when i search for the member James and ty to click his posts
its also the same.

Could any mods or admin have blocked my ip for only the make 40-100 pip a day thread?

I highly doubt it.

Anyways, here's what you're missing:

Hi Everyone



IB TRADING


This system is very simple and requires only one indicator.



The system works in anytime frame and with any pair

The Indicator you need is Slow Stochastic setting 8.3.3 some platforms will only allow 8.3 that’s ok.

Next the key part of the system in all trades is the INSIDE BAR or IB

An IB is simply when the current bar is less than or equal to the bar to the left of it. The inside bar can also be the same size as the previous bar.


THE INSIDE BAR is a standard technical analysis pattern; however most people over look it. You can also use an outside bar or OB.



HOW TO TRADE THE IB

First look for an IB to form then check if it’s a valid IB with the stochastic indicator set up.






STOCASTIC INDICATOR SET UP

when stochastic are below or around the 20 and oversold and starting to hook round look for an IB to go long, When stochastic are up to 80 and above and starting to hook round in overbought look for an IB to go short you will find them the best in trending markets also range bound markets but if the price action is choppy stay out.

The Stochastic don't have to be exactly 80-20 but it is stronger signal if they are. Sometimes as an example they may at 35 as long as they start to turn and hook up and an IB forms it’s a possible valid trade.




To enter a trade wait for the next bar after the IB to go up 1-2 pips higher than the IB for a buy signal or 1-2 pips lower for a sell signal.
Also the shadow of the IB must be inside the prior bar as well in the overall size otherwise it’s not a valid signal.



If after the IB formed you get another bar the same size as the IB and it doesn’t go 1-2 pips either way then you may look at up to 3 more bars after the IB bar to confirm a signal and enter a trade. If you don’t get a signal stand a side and wait for a new IB to form.



STOPS & EXITS

For stops and exits you can trail a stop at the bottom of the prior bar to the IB by 1-2 pips if you’re more Aggressive 2 bars below the prior bar to the IB.

Exit when stochastic cross in the opposite direction but becarefull when going long as when stochastic hits 80 it can hang around a while first before carrying on up or just staying flat in a strong up trend so wait for a hook down and heading under the 80 level or a reversal candle to exit.

Also to exit look for the big numbers if you were trading GBP/USD for example look for the market to turn around at 1, 9000 / 1, 9020 /
1, 9050 / 1, 9080

Try not to enter trades around the big numbers wait for price to go through and retrace to the support or resistance then look for an IB to form and take the trade.

I look at a 1 hour chart first and see what the over all trend for the day is going to be then trade off a 15 min chart for the day.

One of the benefits of this System is it can get you into trades early before the crowd.

Once you have demo the system how would you like to trade live with me.


Register here at my live trading thread

40-100 pips per day LIVE TRADING






Regards
Jim

Attached Thumbnails

http://forums.babypips.com/attachmen...r-day-ib-s.jpg

[digits2603]

thanks for your effort ,but i found my solution in the bugs&suggestion section .
used ccleaner and everything is ok.
i even can use quick reply again.

but anyway thank you again for your help

[jinnah]

I am also newbie. but from huge study and practice I came to know that its really bad idea to trade targetting like 10 pips or 40 pips.When u trade huge ammount of cash then only 20 pips/daily can make u rich.Ok u win 20 pips today, next day 20 pip. but if u loose 50 pips day after tomorrow wht will happen? So we must trade setting S.L. It can protect u from crash. I have been experienced it many times. So now I am praticing to set smart S.L. Practice money management rule.Remeber there is no proven way of getting certain pips daily without any risk.If there were then I must ionvest all of my money in FX and trade in that system.

[just1wade]

Hi everyone

I just wanted to say thank you for all the advice that you guys gave me it is much appreciated. I read all posts and it changed my mindset and goals I suppose I was one those people that saw this as a get rich quick thing...
I now see it as just being an interesting and fun business venture.

Thanx
Wade

[dominator]

Interesting thread.

I have been trying to decide on a strategy and like some of the ideas here.

The biggest problem for most seems to be greed. That is, wanting to catch every pip that moves each day, something I have fallen foul of before.

I like the idea of aiming to catch 10 pips per trade, but with multiple lots.

i.e, 3 * $10 lots * 10 pips = $300.

[Simy]

Originally Posted by dominator

I like the idea of aiming to catch 10 pips per trade, but with multiple lots.

i.e, 3 * $10 lots * 10 pips = $300.

Thats fine as long as you dont risk to much..... If your trading with $10 to keep risk at 1-5% you should have a fairly large, ok very large trading account.

Your risk goes by how many pips your stoploss should be, its not an abitrary number it should be included in any stragie. When I trade on my demo its anywhere between 20-150 pips. Quite a big diffrence.

I prefer to do what I was told is best to do reguradless of your account size and thats playing the percentages. If your stoploss is say 20 pips, and you expect a 40 pips profit, you would get 2* what you risked. for 150 pips you need atlest 300 pips to get double what you risked. Granted my trades dont always work that way, I just closed a trade that got 70 pips profit with a 10 pip SL, and I've also had some trades that had lets say 20 pips SL with 10 pip profit.

[tymen1]

Originally Posted by Simy

I prefer to do what I was told is best to do reguradless of your account size and thats playing the percentages. If your stoploss is say 20 pips, and you expect a 40 pips profit, you would get 2* what you risked. for 150 pips you need atlest 300 pips to get double what you risked. Granted my trades dont always work that way, I just closed a trade that got 70 pips profit with a 10 pip SL, and I've also had some trades that had lets say 20 pips SL with 10 pip profit.

You are doing well here.

2 ratios to consider...........risk/reward which at worst is 1:1.
And win/loss ratio...........gathered after many trades.

As long as both are +ve you will be ahead always.

2 lots (multiple lot) trading has the powerful ability to produce these results when single lot trading produces nothing but losses.

To save me doing a lot of typing, have a careful read of the following hyperlink. I believe you will gain much.

Using Multiple Lot Positions To Improve Trading FX