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Thread: 10 pips a day

  1. #21
    Quote Originally Posted by ;
    I second that. This thread has been quite interesting.
    I don't know about you guys, but I have NEVER any cash to lose. Before I do that, I prefer to donate it to a charity of my choice.
    I am still not investing in life, and I will NOT, till I understand how to read a chart properly, why the indiors indie the things that they do, and till cash management has sunk in. Even so I am using a few EAs which make profits everyday (demo only), but I need to understand them before I could trust them.
    I am still quite confused about leverage and the $ amount a pip it signifies. I just keep on studying the cash management which is here on FF.

    Again, thank you everybody for giving the beginners here a true chance to make it.
    There are lots of books which could help you find out about the different indiors. I discover the japanese candlesticks are a great top indior. Used with BBs, RSI, MACD and some others you can effectively predict the motion. Steve Nison has some interesting books on the origin and appliion of the patterns in market motion. Reply if you would like more info.

  2. #22
    Hi
    I think I evolved somewhat since the first post here two months ago. (no3 in the pic)


    I really wiped my account about a month after the initial posting in this thread, and went back into demoing. Never thought I'll state it was a fantastic thing, but if this didn't happen I probably wouldn't have gone on to the journey I'm still busy with.

    Because I already traded reside, the plogical factor that by the way caused me in the first place, played a major role in my learning, I was looking for a clear enter and exit procedure. I'm using cross-over moving averages for understand, and I understand that it is lagging, but I'm currently on an average of 25 pips per trade.

    I will still not go live, not before I can trade my system blindly and without emotion.

    System = Method Money Management Trader. . .tx daillist and others for the counsel

    Still, I'm curious without taking lots size etc inconsideration, what is a fantastic average of pips per trade per curency?

    Btw @ moment away writing this... 65pips (EUR) for your day, and blowing my own horn

  3. #23
    Quote Originally Posted by ;
    Hello
    System = Strategy Money Management Trader.. .tx daillist and others for the advise
    I'll second that
    Quote Originally Posted by ;
    Still, I'm curious without taking lots dimensions etc inconsideration, what is a fantastic average of pips per transaction per curency?
    No-one can answer that, I sense, as it is dependent upon timeframes and faith in your method.
    Have a look at a couple of my current trades (still running), then check back to see just how far they have gone against me while I stood from the first decision to trade.
    I trade only Daily charts today, hence stops are larger and this does test your plogical approach. But I know I need to be on the ideal track since I could not care less if I win or lose (apart from attempting to understand where I may have the ability to enhance and decrease the losers).
    I always felt, once I tried this x amount of pips a day, that I missed out on lots of big winners, so when I tried going back I ended up giving anything back I had won the day before. This is the main reason I changed to Daily charts (apart from Jim, Dial and a few other's persistent nagging) to find a way to extract the maximum from any trend.
    Some comments in this thread have helped me to focus on the value of exits, instead of entries, so this really is another stage of my development. I feel I have an entry method sussed out, now all I need to do is learn to allow the winners run.
    Anyway, you look to be on the ideal track, and I wish all of the best

  4. #24
    Doesn't your remarks give your personalities? Loe a trade fashion which best fits your character. Shape the design to best fit you.

  5. #25
    Start looking for opportunity not only 10p a day.Its is far better to wait until a trade sets up to get a high likelihood trade,even if you only get a trade or two a week. Trading using a alyst, ie looking for trades with activity. This is how I love to exchange, to exchange we want movement.
    I would like to team up with another person to help me trade when I'm asleep (the US session) I can handle it in the other phases. It may be a tag team and I really do have a egy. Thank you

  6. #26

  7. #27
    Quote Originally Posted by ;
    Can it be for gambling, Currency Market, or both?
    It can be close to betting if your using actual money and dont know what you're doing.

    You should not trade for real cash till you have had professional help in the following areas

    Dicipline
    Trade Plan
    Trade cash direction
    Strategy that works and has been back tested

    and much more!

    If individuals take 3 years to perform a level then is Currency Market any different, it's still true that you do need professional help.

    However I do not agree with paying 5k to get a Currency Market eduion, they are some very good choices out their now.

  8. #28
    Quote Originally Posted by ;
    Search for opportunity not only 10p a day.Its is much better to wait till a trade sets up to get a high likelihood trade,even if you only receive a trade or 2 a week. Trading with a alyst, ie looking for transactions with increased action. This is the way I love to trade, to trade we want movement.
    I want to team up with another individual to help me trade when I'm asleep (the US session) I could manage it in another phases. It may be a tag team and that I really do have a egy. Thanks
    Mate you are able to get a robot made, to take action for you, all day long!

  9. #29
    Quote Originally Posted by ;
    Hi Alllt;?Xml:namespace prefix = o ns = urn:schemas-microsoft-comfficeffice /gt;lt;ogt;lt;/ogt;

    please help, I have been trading demo for a year and had a shaky 6 weeks of live trading, in the last two weeks my true account just kept on deteriorating so much I sit with just 50% of my original startup

    lt;ogt;lt;/ogt;

    I am asking for a simple and simple system which will provide me with a transparent entry point which will give me 10 pips profit, that's it, nothing more nothing less

    lt;ogt;lt;/ogt;

    The period frame, currency pair etc nothing matters so long as I can gain 10 pips a day/trade, I'll be joyful

    lt;ogt;lt;/ogt;

    Come-on all you professional and profitable transactions, share that 10 pip plan with me and the rest of the newbies around and make forexsoutheast.asia a beter and much more successful forum for many...... pleasssse
    go read Mark Douglas'Trading in the Zone'....

    Seriously from one newbie to another

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