Thats certainly achievable, a realistic target, and all you really ever need.
Its amazing how many fail, and how difficult it can be to do something that in reality is so ridiculously easy once you figure out how.
my thoughts exactly!
it is not only how many pips!
“So many indicators and school classes and this and that and make hundreds of pips with this system and with that system per week!” and come buy my super duper robot which makes thousants of pips per month! u need it to make you rich!
the “PIP WORLD”!" (i am being sarcastic of course!)
it is also how much the pip costs!
and keep these 2 in a balance is profitable math!
Oh yeah and that is trading 3 Pairs.
i think only one pair is enough for the beggining,
also, reading and learning indicators and funtamental analysis, will make your winning % more than 90%.
I really do believe that daily practice and a realistic profitable system it can work!
i have one account for my system and one account to trade almost all day and try everything i read!
the more i lose in my second demo, the more experienced i become!
becuase then i know when not to trade! lol;)
I practice all day with my demo account and realistically 10 pips - 20 pips is like the average of going up and down!
To people who believe that 10 pips per day are not possible, do you trade with the demo account?
I trade 3 weeks, and it is like the clearest thing ever!
10 pips it is easy to make!
I agree not because if i think of it and believing it, it will magically come to me, but because when I believe something and I have a target and a goal to make I will work IT!!!
WORK IT, MAKE IT HAPPEN!!!
Like school, some people wants to be doctors and lawyers and rocket scientists, but those who work at their goal and they are discipline are the ones who make the most success.
And Forex is not luck! it is a serious bussiness and needs homework to make it happen!
Some people think that Forex is for them, some don’t really want to do Forex and they think they want to do Forex, because it is instant money and they fail!
Do Forex only if you really like it.
Only if you have it!
Or else pay someone to do it for you, instead of losing everything!
For example:
Go to a pro, tell him/her to make 150 pips per month, pay a % and in two years will end up to make $30K per month just for you!!!
it is not impossible!
Lets say you are 30 years old, and you have a $2000 account, a pro can make that account in 2 years to a $250K and make each month from that account 20% which is $50K per month. Your investor will take money and you will take from and you will live with a very good income in your 32s.
I believe I have it, I sit all day and I only do Forex, (I have free time thats why), and I like it, I really like it, and becuase I know myself, If i didn;t like it I wouldn’t sit all day to learn it, because I know my character!
I tried for example to learn Maya, Autodesk a program that makes animation, and I would love to be able to do it!
I sit one day and then I was making excuses inside of me not to do it!
And I have books, I have the program, I have eveything i need to start !
I didn;t deep down really wanted to!
The same thing with other stuff too!
My only advice to Forex Investors is to do it only if you really really like it, not because it is just a easy way to make money, but because u feel comfortable doing it!
,
Positive system - given a RR of 1:1 and a win rate of 71%
Mind if you share the system?
With 3 pairs I think that’s fantastic. Have you tested on other pairs?
Nothin’ like a thread dredge to stir things up!
Since this thread is over a year old, and the last post with any merit was 8 months ago, I wouldn’t count on any answers.
I realize this thread has been dug up, but I must say that the over-confidence expressed here is rather nauseating. I wonder if this charis fellow has had his humbling experience yet.
I wondering how other people trade this 10 pip strategy? I have been thinking about trying out 10 pips target - but perhaps having a 10 pip SL is like a 50/50 chance. Additional thoughts are: 1. having a trailing stop (which may be far likely to be hit), 2. Trading breakouts of S/R in direction of longer term trend (high probability of hitting target), eg. use 4hr chart for trend direction, and 1hr for entry setup (or 30m and 5m - whichever appears to work best). Having a 10 pip target per trade may be contrary to how most people trade (seeing most, including myself, go for the big score), so this may be something worth while looking in to - as long as you have an edge (for example, one observing how breakouts fail – at what point do they fail – and if it’s more than 10 pips before a failure of breakout, then this might be a worthwhile concept to trade). I suppose the way to approach the question of whether 10 pips is a viable target (and the stop loss to use) is to test it. Fascinating.
“Once you have it figured out, the game changes” :eek:
Basing a strategy around an arbitrarily chosen pip target rarely produces anything worthwhile. Don’t take this the wrong way, but a lot of new traders are drawn to the idea of having a pre-defined pip target because it creates a false sense of control over the market. I know you’re saying you’d test it out first, but you’d probably see the results you wanted to see anyway. The edge seems to focus on the 10 pip target, as if the other variables are just a matter of filling in the blanks to arrive at the finished product, and it all has a very amateur feel to it. Sorry dude 
couldnt agree more…its losing the 50, 60, 100 or so pips in between thats the killer
I have to agree. Trading is all about context. A mere fixed target is like quote mining.
I know a guy who targets a fixed 20 pips a day and became a millionaire doing it. Of course he is probably a rare exception. But a fixed daily or weekly or whatever time frame based target does work for some apparently. Personally I generally target about half the daily price range for the pair I am trading. Or sometimes weekly or monthly.
I would be skeptical that your friend targets 20 pips on both eu and gj (i.e. not dependent on pair). Again…context. As for your preference, at least you standardize it.
he goes for 20 pips a day on gbp/usd in London session. I guess the moral of the story is one size doesn’t fit all. What works for one person may not be a good fit for someone else
His initial look see is off the daily G/U TF. Much like TalonD he enters off the daily set up but on the 15m TF and instead of targeting half the daily range takes just 20 pips and out… no exceptions! He’s been consistant in excess of three years and is indeed a wealthy man. No names, no pack drills… its not me by the way I’m not that diciplined!
An old pro (probably dead now) once told me always get out of a winning trade too early! 
I’ve seriously considered ‘trying’ to trade his way, but I was just never able to force myself to get up that time of morning and I think that’s one key to success of that method. You have be there when things are happening. So I learned to take a longer term approach.