Another one of these people that have fallen for all the hype on these sales pitches and spent a couple of grand on stuff that does not work so now very very excited to find this website. AND ITS FREE -
Just wondering but people say trading is difficult etc then some say its really easy, maybe a difference of opinion, however, could anyone possibly point out a system (with settings) that makes a quick say 20 pips (or less) a day trading a few times throughout that day?
I know the Cowabunga system is there and I want to look at that but anything else to get a quick few pips with a small stop loss would be awesome.
This website is awesome (not that babypips need to be told) but I also intend on being around here for years to come (hopefully).
I think holy grail is subjective. Any experienced trader is always trying to improve but realizes that no losses is impossible. My holy grail is a system that merely makes more wins than losses and has greater wins than losses on average. Thats all it takes.
In my opinion a holy grail is a profitable system that can be defined. If a profitable system can be defined then it can be turned into a successful auto trader and we would all be rolling in money
Losses are inevitable yes but I was merely getting at the case of get in and take what you can quickly like 10-20 pips and get out unlike getting in a trade and staying in for as long as possible etc. Ta
Your holy grail is your trading plan, the system is just a part of it.
You need to find your own system, trust me, i wouldnt make any difference if somebody gives you his system, because it wont work for you. The cawabunga system is a good start. I like the way it identifies trades in the bigger timeframe (4H) using MA´s.
About your question, take a look at tymen´s thread “the finest in trend trading” and garviton´s “multi timeframe trading”.
What is the obsession with having a small stop loss and making small pips?
It is possible to risk the same % of your account with a 50 pip stop than it is with a 5 pip stop. It is also much safer as you can set stops around logical supply/demand levels and let your trade breathe.
