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-   -   Average Pips move profit per day in FX Markets (http://www.elitetrader.com/vb/showthread.php?t=43464)

Nana Trader Jan 4th, 2005 04:17 PM

Average Pips move profit per day in FX Markets
 
I want to know what you think is average Pips profit (move)
per day that is fairly reasonable to look for, say EUR/USD?

I am talking about number of pips (move) that you can catch
on average in a single day, we don't count how many regular
lote do you play, so that is not counted. It's just how much of
a move that you catched?

http://www.mortysill.biz/index1.htm
Click on the "The Deal" from dropdown menu on left side.
Look at what this guy is explaining? Is he saying that
catching a 20 pips per day is a lot to achieve?

Andy62279 Jan 4th, 2005 04:47 PM

what I think is a reasonable profitable trade??

I think 20-100 pip trades (profit not unrealized gain) can be achieved consistently, but not everyday of course. I'm not trading euro this year, but the pound instead.... but I am currently trailing the pound with 210+ pip profit since last night. Since the pound and euro are pretty much in sync right now, the same trade on the euro would be about the same profit as well.

Andy62279 Jan 4th, 2005 04:53 PM

btw, I don't know what exactly you meant by a "single day." If you meant average profitable trade that can be made everyday then I don't know. If you meant average profitable trade that can be made in a 24 hour period then that is the question that I answered.

Nana Trader Jan 4th, 2005 04:56 PM

Quote:

Quote from Andy62279:

what I think is a reasonable profitable trade??

I think 20-100 pip trades (profit not unrealized gain) can be achieved consistently, but not everyday of course.

Thanks and i know it varies from day to day. Some day you
lose, another day you win bigger, what after a month you
average out with certain profit amount per trade?, or some
look at positive expectancy, like expectancy of 0.20 means
you made $1.20 for every $1 you risked

My question is what does average profitable trader
should expect, average move for realized profit per
day after one month?

Andy62279 Jan 4th, 2005 05:27 PM

oh ok... Well on average which includes those profitable and unprofitable months... I think 300 pips per month... or 15 pip per day can be achieved imo

NickBarings Jan 4th, 2005 05:46 PM

Average range for EUR/USD is about 100 pips a day

so making 15 pips or 15 % of the range sounds realistic.


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