DislikedHi Graeme,
thanks again for taking the time to share with us all,
i have a question regarding what you have said below,
when you say 2000 to 4000 pips growth, are you meaning 2000 to 4000 pips movement of the currency pair or are you saying 2000 to 4000 combined growth in ones position on the pair????
sorry if this sounds confussing
cheers
GeoffIgnored
Apologies as I should have been clearer.
I definitely mean 2000 to 4000 combined growth in ones positions on one particular pair at a given period of 4 to 6 weeks. This is rough estimate that will help traders decide when to cash out.
At the above profit taking level, expected annual profit taking would be 12000 to 24000 pips per pair. And that sounds about right to what I achieved.
Ofcourse the net profit is less when it comes into your pocket as you need to cover your essential losses endured throughout the trading year.
Anywhere from 100 to 400 pips net profit per week is realistically achievable.
All the figures above are from personal experience based on the average performance of last few years.
Sincerely,
Graeme