 |
MasterGambler
Registered: Jul 2012
Posts: 68 |
08-18-12 08:47 AM
What is everyone's goals in minimum number of pips per day green in the EUR/USD before you can call it a day? I set my goal at approx 1/3rd average daily range which is 40 pips lately.
|
| |
|
Edit/Delete • Quote • Complain |
irniger
Registered: Apr 2005
Posts: 126 |
08-18-12 11:11 AM
40 pips is easy, more is possible, depending on how much time you trade.
If around and able to watch the screen every half hour or so, enter a trade in direction of price and indicators on M15 chart. Set a TP of 10 pips and no SL. Watch your trade and once TP is hit, start another trade. If you cannot stay at the screen, get out or stay out. Or if in the money set an SL at entry.
A friend of mine, working at the computer all day, runs a laptop on the side for this strategy and makes 60 - 80 pips net easy every day.
Felix
|
| |
|
Edit/Delete • Quote • Complain |
oldtime
Registered: Jun 2011
Posts: 7332 |
08-18-12 11:28 AM
Quote from irniger:
40 pips is easy, more is possible, depending on how much time you trade.
If around and able to watch the screen every half hour or so, enter a trade in direction of price and indicators on M15 chart. Set a TP of 10 pips and no SL. Watch your trade and once TP is hit, start another trade. If you cannot stay at the screen, get out or stay out. Or if in the money set an SL at entry.
A friend of mine, working at the computer all day, runs a laptop on the side for this strategy and makes 60 - 80 pips net easy every day.
Felix
if you can make 60 to 80 pips easy everyday, what possibly could you be doing that would be more important than being at the screen? Heart surgery?
|
| |
|
Edit/Delete • Quote • Complain |
irniger
Registered: Apr 2005
Posts: 126 |
08-18-12 12:13 PM
if you can make 60 to 80 pips easy everyday, what possibly could you be doing that would be more important than being at the screen? Heart surgery?
Sitting at the screen all day and watching a stupid line and indicators is not for everybody - not even for the money. For some, there is more than just simply making profit. Like studying, creating ads, writing articles or other stuff, that keeps your mind alert and fits your higher endeavors.
Felix
|
| |
|
Edit/Delete • Quote • Complain |
JamesL
Registered: Sep 2008
Posts: 2053 |
08-18-12 03:03 PM
I prefer to go with weekly goals rather than daily. From experience, setting daily minimums creates too much noise in your results and at times leads to excessive over trading. With weekly goals, your equity curve is smoother, imo.
That being said, my "minimum" goal is 100 pips a week and it has produced steady results.
|
| |
|
Edit/Delete • Quote • Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
