Hurray!!, so at last we agree on something, it's 10 pips a day and not 10 pips a trade, super we're getting somewhere. 10 pips a day could be one trade for -35 and one trade for +45, that's 10 pips a day, or it could be 2 trades for -35 each and one for +80, I'm sure you get my drift! Having a stop of 35 and a target of 45 is fine, nothing wrong with that provided win:lose supports it. 10 pips a day, just as the thread title says.
Yes, I want you guys to continue posting and giving away your hard won knowledge to ACS/forex-forex whoever this guy is. All the lurkers here at ET appreciate it. Good trading in '08 guys, I
Someone can give you there entire system, but when you press that button, they cant give you their emotional stability. LOL.
Oh no!! My hard-earned secrets are public, everyone's going to make money so where will my profits come from :eek: Same to you Icarus5, good trading and good health for 2008.
LOL Talking of dark sides it's New Years, time to party!. Have a good one all, see you next year......when I've sobered up! (Hells Bells, see what I mean, that Cable trade is +260 pips and I got 20 )
you have a lot to learn. if you are losing -35 and your aiming to make 10 pips a day YOU HAVE A FLAWED trading model. You really dont get it, you make +45 great you have 10 pips today. But you started the day losing -35?? so now you are telling me you will chase the market attempting to make those pips back with a 10 pip profit? at the end of the day your profit is 10 pips, and you are risking HUGE amounts ot make 10 pips profit? its ridiculous, complet load of rubbish.
You got that right! Nice chatting with you Acs, enjoy the New Year and for goodness sake cheer up, it's only money
You need to stop and read what i say and take some time to try and understand. At the moment i get the feeling you refuse to even read what i say and take it on board. Its not difficult to understand and i am getting very bored trying to make you realize it. "You assume too much Acs, no-one said "certain losing trades to wipe out multiple winning trades", that may be your experience of trading but not mine." This comment is exactly how you trade by the sounds of it. No set stop? so on monday you may make your 10 pips? on tueday you lose 50 pips? On wednesday you make 30 pips? do you not understand that tuesdays loss of 50 pips is greather then the combined profit of wedneday and monday? therefore you must have more winning trades then losing trades, therefore you cant not SUSTAIN a profit in the forex market. I get 15% of my trades correct, 85% of every trade i take loses me money. Yet i still can make a profit. That is a strategy that is SUSTAINABLE. The way you choose to trade it seems that 85% of your trades need to be correct and 15% wrong in order for you to make money. Good luck to you with a strategy like this.