For those of us wishing to become fulltime traders, we must recognize that a steady stream of pips (with low drawdown) is the ultimate thing we must obtain.
I'm not talking about a Holy Grail. Money Management without consistent pips is useless.
This thread is for sharing your methods of success in achieving steady pips.
MY method is being forward tested. I use EURUSD H1 bars and look for specific entries. There are 7 entries that I am testing.
One of these is to look for a gap up/down more than 20 pips on Sunday's open. If the gap is up, I go short with a TP of 200 and a SL of 20. If gap is down, I go long with a TP of 200 and SL of 20. Believe it or not, this method was good for several thousand pips over the last few years....
Depending how much sharing people do on this thread, I will disclose my other setups. Good luck to us all and God be with you....
I'm not talking about a Holy Grail. Money Management without consistent pips is useless.
This thread is for sharing your methods of success in achieving steady pips.
MY method is being forward tested. I use EURUSD H1 bars and look for specific entries. There are 7 entries that I am testing.
One of these is to look for a gap up/down more than 20 pips on Sunday's open. If the gap is up, I go short with a TP of 200 and a SL of 20. If gap is down, I go long with a TP of 200 and SL of 20. Believe it or not, this method was good for several thousand pips over the last few years....
Depending how much sharing people do on this thread, I will disclose my other setups. Good luck to us all and God be with you....