40 pips a day

[just1wade]

Hi all

I am farely new to this and was wanting to know if anyone has a strategy that makes 40 pips a day please?

It would be greatly appreciated

Thank you

[pseudo straddle]

Between 40-100 pips per Day

[Sweet Pip]

Originally Posted by pseudo straddle

http://http://forums.babypips.com/fr...s-per-day.html

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

Between 40-100 pips per Day

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

[pseudo straddle]

Doh!!

Good thinking Batman!

[Quexos]

Personally I don't think the issue is the amount of pips you make but the fact that you think you can make that much every day (unless you plan to make only a few pips a day, say 5 pips which you can from a lot of small zig zag graph movement) but 40 pips you can make once, even more than that but not daily or at least not likely

[frontier2002]

Originally Posted by Quexos

Personally I don't think the issue is the amount of pips you make but the fact that you think you can make that much every day (unless you plan to make only a few pips a day, say 5 pips which you can from a lot of small zig zag graph movement) but 40 pips you can make once, even more than that but not daily or at least not likely

Yeah you are right!! Nobody can predict when the market will break-out on daily basis and furthermore the market is not necessarily making break-out day in day out. And i think those people who claims that they make 100 to 200 pips daily are lacking of their rationality and illogical. And this is not including losses which might put your profit to negative position lol.

The forex is really unpredictable especially when you are trying hard to push yourself trade at the smallest time frame. You will have a lot of doubts and putting stop losses everywhere to prevent counter break-out lol.

[johnblake]

Originally Posted by just1wade

Hi all

I am farely new to this and was wanting to know if anyone has a strategy that makes 40 pips a day please?

It would be greatly appreciated

Thank you

Aim to make 10 pips 4 times a Day.
That should be easy.

[Kraven]

Originally Posted by just1wade

Hi all

I am farely new to this and was wanting to know if anyone has a strategy that makes 40 pips a day please?

It would be greatly appreciated

Thank you

I personally make 20 pips a day. Then I walk away from my computer...just part of my money management plan

Often times, at least this week, I have been exceeding my goals, simply due to the fact that I can't close the trades fast enough.

The strategy I use is found here:

THE JOY OF CANDLESTICK TRADING- a Learning Experience

Best tip I can give you: find a successful trader, and copy them, completely. Tymen has some solid information there.

[julien]

Anybody here trade forex full time for living or mostly beginner.

[Simy]

Originally Posted by Quexos

Personally I don't think the issue is the amount of pips you make but the fact that you think you can make that much every day (unless you plan to make only a few pips a day, say 5 pips which you can from a lot of small zig zag graph movement) but 40 pips you can make once, even more than that but not daily or at least not likely

They could be averaging it out, I've seen a site that said 1200 pips or some really obnoxiously high number like that. I'm assuming its total range through out some large period, like a year or so. The 'system' I bought suggest the euro gets 76 pips a day or so. Thats averaged as the daily 'run' from what I was able to understand (usually during the london session) and given the track record of some other students (who dont strickly speaking stick to his system) most of them try for about the full range (second or third level TP) but only average 100-200 or so pips a week. But thats going by pips, not by profit.

For example if you keep going up and follow the 1% MM rules, your profits going to keep being more and more. Following his system after 3 losses your done for that day, 2 and you cut your trades to 1/2 or so -- I think (could be sombody elses sytem ) When your doing good you generally put one trade in a day, sometimes two. You also dont trade sunday night/monday day's, or friday afternoons.


just1wade: I strongly suggest you demo some of your own systems, and wait untill you figure somthing out. I'm just at that point. I've traded other peoples systems incorrectly -- the system works, but it didnt when I did it. Not because of any one thing but because I didnt always understand some basic principals. So let me ask you are you after a 40 pip a day goal, or are you after 'just trading for some money'. Just some food for thought.

So far I've found it benificial to question every goal, or assumption I've had related to forex, espically those I had formed early on. Quite frankly now I'ld be happy with a consistant 50 pips a week! I'm getting there though

Good luck to you!