• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 10:56pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 10:56pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

How much do you want to make and why do you want to make it 17 replies

Can you get rich quickly from forex trading? 389 replies

I don't get how 10 pips a day can make you rich? 71 replies

Once you can trade profitably are you rich? 43 replies

5 Times Leverage, 2% Risk Per Trade Can Make You Rich 21 replies

  • Rookie Talk
  • /
  • Reply to Thread
  • Subscribe
  • 3
Attachments: 10 pips a day can make you rich quickly
Exit Attachments
Tags: 10 pips a day can make you rich quickly
Cancel

10 pips a day can make you rich quickly

  • Last Post
  •  
  • Page 1 23456 12
  • Page 1 234 12
  •  
  • Post #1
  • Quote
  • First Post: Sep 20, 2006 9:17pm Sep 20, 2006 9:17pm
  •  ProdiG
  • | Joined May 2006 | Status: Member | 57 Posts
i was bored the other day and was curious that if someone can get rich earning 10 pips at a time. i usually trade the asian session so i don't really get the 100 pip moves. i was curious if i started $1000 how much would i have using a strategy that could get me 10 pips a day. i was shocked when i finished this spreadsheet. im not sure how to attach files and also not sure if i can attach an excel file but let me know if you want to see it.
  • Post #2
  • Quote
  • Sep 20, 2006 9:24pm Sep 20, 2006 9:24pm
  •  mudskipper
  • | Joined Mar 2006 | Status: fibo in utero | 109 Posts
Yes, its huge, that's why I have such a hard time understanding what all of the hoopla is about around here going for the big wins. It is nothing more that money management, and proper risk management. I'm not there yet, but working toward that goal, with small daily gains. It will come.
 
 
  • Post #3
  • Quote
  • Sep 20, 2006 9:26pm Sep 20, 2006 9:26pm
  •  avlasov
  • | Joined Nov 2005 | Status: PhillyETOK | 111 Posts
The information contained in this document, although highly entertaining and quite instructive, might lead you to believe that tomorrow you’re going to be a millionaire. You are not going to be a millionaire tomorrow. Well…that’s technically not correct. Because you could be a millionaire already, in which case tomorrow you’re guaranteed to be one.

"A bear chased two hikers.
One hiker, while being chased,
stopped to put on running shoes."

As he was changing out of his hiking boots, his companion looked at him in horror and exclaimed, “What in the world are you doing? You’ll never outrun the bear if you stop now!”

Calmly, the other hiker said, “I don’t have to outrun the bear. I just have to outrun you.”

The forex market offers more opportunity for fast financial success – and financial ruin – than almost any other market. The get-rich crowd has always been attracted to it. This crowd includes speculators, trading novices, retirees, and professionals looking for a way to get out of debt, increase the excitement in their lives, or simply get rich really fast.

These are the people who you will be taking money away from. These are the people who will be eaten by the bear. You don’t have to outrun the bear (the entire market). In fact, that’s impossible. You can’t beat the entire market. Those of you who try will learn fast that the market has no mercy, can outrun anyone, and shows no mercy.

I want to teach you how to run faster than the other traders.

The Four Groups

There are four groups in the forex market. There are the novice traders – the greenies, the ones who try to outrun the bear and lose every time.

In addition to the novice traders, there are three other levels of participation in the forex market: the dealers, the institutional traders, and the advanced traders.

The dealers are the most powerful and they make the market, setting prices and putting together deals.

The institutional traders work in banks, wire firms, or government agencies. They trade huge amounts of money at a time, and the size of their trades gives them enormous power.

Next, there are the advanced traders. This group is comprised of people from all across the world, sitting in smaller investment firms, offices, or even their homes. You can be a part of this group. In some cases, the advanced traders are the smartest group – trade for trade – than any other group. Because they don’t move a lot of money on each trade, they don’t have as much power as the institutional players. Because their trades are brokered by the dealers, they’ll never have absolute trading power. But, because there are so many novice traders – the advanced traders have plenty of people that they can outrun. Your goal as a forex investor is to aggressively take money out of the pockets of the novice traders.

Don’t feel bad about that. Someone’s going to take your money along the way, and it’s going to teach you, very quickly, lessons that can only be learned through failure. So, every time you take money from a novice trader, just remember: you’re teaching him a valuable lesson. After a while, you might even enjoy watching your hiking companion being eaten by the bear.

The Basics

Read this – a great forex primer: http://www.forex.com/history_forex.htmlOn the left navigation section, you'll see "Forex Pro > Short Term Trend Trading". This is an essential read for you – even if it seems technical in nature, you should read it anyway, just to get the information in your head one time. I suggest you read everything on this link, start to finish. Getting a background in the market takes about a week (at most), but it's very important for you to understand how the system works. The knowledge you gain early will pay off later. I didn't read this stuff BEFORE trading, and it actually kind of helps to read through the material while you’re entering and watching your first trades – because there’s nothing quite like trading while you learn. Read the sections in "Forex Essentials". This is as clear an explanation as exists.

Pips

Okay, now back to our program. To start, you have to understand what a "pip" is. A pip is the last number to the right in a currency. For example:

If the EUR/USD traded at 1.1335 this morning. The "5" is the pip. If it moved to 1.1535, which it did today, that would be a 200-pip move.<!-- #SELFPROMO# -->

The next concept that you need to understand is the concept of leverage. It’s a lot like margin in stock trading, only on steroids. It’s a simple concept. If you have $10,000 to trade with, your forex broker will let you borrow money from him so that you can trade in larger quantities. They will let you borrow as much as 400 times (400:1) what you put up in a trade. Most brokers allow between 50:1 and 100:1 margin. So, if you put up $1,000, and your broker allows 100:1 margin, then you’ll be trading $100,000 worth of currency (instead of $1,000).

That’s important, because every pip equals a certain dollar amount. When you trade $10,000, each pip movement equals $1. The chart below shows how it goes from there.

If you trade 1,000,000 worth of currency, each movement would be equal to $100. So if you bought at 1.1445 and sold at 1.1545, you would make 100 x $100, or $10,000. Now, I don't know about you, but I could live off of that much. That's not saying, however, that you can make $10,000 per day. Of course it's possible, but there are a lot of factors that make it very difficult. Like, how do I know that it's going up or down? When should I get in a trade?

Even more importantly, can you deal with the emotions of forex trading?

Alan Farley, a trading expert, rightly observes that mastering the emotions of trading is more difficult than mastering the technical skills. You’ll soon find out what he means by that.

Amount Traded $ Per Pip
$10,000 $1
$50,000 $5
$100,000 $10
$500,000 $50
$1,000,000 $100
$5,000,000 $500

Greed

Most traders in the forex market try to make a zillion dollars on every trade. They're greedy. This leads them to stay in a good trade, hoping to get more money out of it. This can lead to disaster -- the trade can move against them and they get creamed. This happens all the time, and it still happens to me from time to time. It's the single greatest threat in trading. But you can already understand why that's probably true. But how do you overcome greed when trading?

Revenge
This is the other big one. A lot of traders get creamed in the market and then want to strike back. So they double their last order and go for broke. This is natural, and I still deal with this emotion every day. The problem is, how does one combat this?

Do not underestimate this emotion. It will drive you to ruin if you let it. The market is not your friend. The market is so much more powerful than you are. You cannot get “back at” the market. Trading when angry or vengeful will be a total disaster. If you get rocked on the market, then back up, take a deep breath, and talk to a mentor. Re-read the charts. Take a break. Even if you think you see the best opportunity in the world after you get blasted – just take a break. There will be trades tomorrow.

A Different Strategy

It’s as simple as this: I don't try to make a ton of money on each trade, and I never try to get revenge. I’m not a scalper (someone who sits and makes 20-second trades for a few pips at a time).

Instead, I set up good trades, that have a lot of potential, and then I shoot for 10 pips. Just 10 pips. That’s it. I don’t let myself lose a lot of money. I only try to get 10 pips, and if that’s all I get, then I’m out for the day. It's easy enough to get 10 pips that once that threshold is met, it's okay to get out. When you know that you can turn turn $10,000 into $130,000 in one year on 10 pips a day, it's no longer important to strike back at the market or get greedy on one day of trading.

And you can learn to turn $10,000 into $130,000 in one year on just 10 pips a day.

Why is this innovative, different, or revolutionary? Because you are going to not only take money from novices with this strategy, you’re going to take money from other advanced traders. Advanced traders want big money. They didn’t spend years learning to trade so that they could make $200 a day. They want big, big returns. They go for 40 pips at a minimum. They are conservative with their trading capital because the market can take BIG swings against them when they’re waiting for 40 pips. Advanced traders think I’m nuts for getting out of a trade at 10 pips. What if it goes to 40 pips? Won’t I be upset that I missed out?

Not at all. I’ll show you later how I can still make those 40 pips. But I’m never displeased with 10. First, though, I’ll explain stops and limits.

Stops and Limits
A STOP is placed so that you don't lose too much money. For example, if I bought EUR/USD at 1.1445, I would start losing money if it started moving down. So, I might set a STOP at 1.1425 -- meaning, if the currency drops to that level, the system AUTOMATICALLY exits the trade. I'm out 20 pips, but that's a lot better than being out 40 pips if it starts tanking really fast (and this happens all the time, as you have seen).

A LIMIT works the same way, only for gains. If I set my limit to 1.1535 on that same trade, then later in the day (or the hour), when the currency moves up to 1.1535, the system AUTOMATICALLY exits the trade, and I make money. This happens whether I'm still at the computer, or down the street, or dead. THIS IS THE ONLY WAY TO TRADE IF YOU’RE NOT GOING TO BE PRESENT TO WATCH THE TRADE.

My system for trading relies heavily on three things:
1. Technical analysis - a ½ hour, 3 hour, daily, weekly, and monthly chart.
2. STOPS and LIMITS.
3. 10-pip goal every day. This requires DISCIPLINE.

If you started with $10,000 on January 1st, and earned 10 pips per day, and only traded 17 days of the month, then you would end the year 2,000 pips UP, and with about $130,000. For a spreadsheet that details this system, write me at [email protected].

If you continued the next year with 10-pips per day, the next year you would be making between $10,000 and $17,000 per month trading (depending on your risk tolerance). Can you do this? Absolutely. Can you do this today? Maybe, maybe not. You have to dedicate yourself 100% to learning how to trade intelligently.

The 7:10 Principles

1. Buy and sell on breakouts. I teach this in the 1 on 1 training, and I do it myself.
2. Stop trying to make $8 million on every trade.
3. Set a 10-pip limit only. Exit the trade at 10. Exit the trade at 10. Stops are set based on market conditions, but are always set.
4. Goal: + 10 pips every day.
5. If I earn more than 10 pips on a trade because the trade moves so fast in my direction, I can set my stop to protect the 10 and then go for more. I like to teach traders to just start going for 10. There are advanced strategies that go for more than 10, but we just start here.
6. There is no ‘makeup’ strategy. If I take a loss, then I’m just trying to end up with a 10 pip gain for the day. If I can’t get it, then I don’t try for 20 the next day, or whatever. I can keep trying for the 10 pips gain as long as I haven’t lost more than 5% of my capital.
7. Time: I can trade for 5 hours per day, meaning I can have the trading platforms open and sit at my computer for a max of 5 hours per day. If I can’t earn my 10 pips during that time, then I can set my stops and limits and walk away, but I can’t actively watch the market any longer.

The Daily Routine

Here’s a daily routine that I’ve used in the Strategy:10 system. Some of the most successful months of my trading career happened when I followed this plan. Up at 3:00 am EST. Check the charts.

Ask the following questions:
1. Where did the USD close (5pm EST) yesterday against the majors?
2. What effect will today’s economic reports have, if any, on the forex market?
a. FED interest rate movements
b. ECB decisions
c. Unemployment – Weekly Moving Average above or below 400k?
d. Greenspan speaking?
3. Are we at an all time high or low on the EUR or GBP or CHF? Or:
a. Are they way oversold or overbought? Is it better to not trade today?
4. If I make a trade now, what might go wrong? What’s the most I’ll lose? Gain?
Is the market just dead quiet right now? Moving fast?
5. Is the EUR or GBP moving right now? How far are the pairs from support and
resistance?
RB
 
4
  • Post #4
  • Quote
  • Sep 20, 2006 9:38pm Sep 20, 2006 9:38pm
  •  accrete
  • Joined Jan 2006 | Status: Pips Ahoy! | 1,130 Posts
I have various trade calculators to assist in my MM before each trade session to figure out how many lots I may place at a given S/L, so i've crunched similar numbers i'm sure, though i haven't seen the spreadsheet you are speaking of. There have been similar posts/questions and some of the comments went along these lines;

Yes the numbers are huge, though having a daily "goal" of "just ten pips a day" might in the long run be a loosing model. As many will point out you must have good MM in place. To win 10 you must be also willing to risk. But how much? "Just ten"? Then with the spread you will actually lose 13 to 15 depending on the spread/pair traded.

I am in full agreement with the idea that the hype/pressure to catch "The Big Move" is very intense in the general forums. On a casual read, one would come away with the idea that if you don't grab big moves you are not that versed/experienced of a trader. Yet i believe that if one consistently were to trade a model that could grab 10/15ish pips consistently with proper MM they would be set for life w/a great career. If one were to look at purely mechanical trading systems (I'm thinking EAs here), one would see that the bots that shoot for 10 to 20 pips a trade are hands down winners over those that hold out to close profits at 100, 200 or more pips.

One other common thing that happens is that once you see a nice 10/15 pip move, and you take profits according to your model/MM...then see the "move" go onto 40/60/80 or more pips you might kick yourself mentaly. Then next time instead of following your model/MM and taking profits at 10/15 you try to catch the "Move" and it retraces before you think to put a BE+10 S/L. Now you are in the hole, and hoping it will once again resume the original trend.

Ah, such is the trader's life.
Decisions, decisions.

Cheers,
Thom

: ) Thom
 
 
  • Post #5
  • Quote
  • Sep 20, 2006 10:25pm Sep 20, 2006 10:25pm
  •  minute
  • | Joined Jun 2006 | Status: Member | 377 Posts
I think this has already been mentioned above, but with a 10 pip trade it puzzles me how you can factor in a risk reward ratio.

Say you are trading EURUSD, you have a spread of 3 pips, with a 7 pip stoploss equal to 1:1 risk/reward - you are are now setup to make your 10 pips. On this calculation you need to get better than 50% to be profitable.
Drop below this and you will lose money consistently.

A 7 pip stop is far too tight for my liking due to volatility, so this would have to be increased meaning risk/reward is now less than 1.

I don't like to trade this way. Rob Booker does not reveal the whole system in that report, and quite surely there is something I don't know, but thats how I see it prima facie.
 
 
  • Post #6
  • Quote
  • Sep 20, 2006 10:28pm Sep 20, 2006 10:28pm
  •  minnesota-goose
  • | Joined Sep 2006 | Status: Member | 40 Posts
I agree, 10 pips a day (average) is nothing to sneeze at, and a much easier goal to achieve then going for the big home run.
I'm only a bird in a gilded cage
 
 
  • Post #7
  • Quote
  • Sep 20, 2006 10:44pm Sep 20, 2006 10:44pm
  •  dvescio
  • | Joined Nov 2004 | Status: Member | 27 Posts
No, Rob certainly does not reveal everything in that report. Going for 10 pips is a basis on which you can start collecting small gains and confidence. But, in my opinion, going strictly for 10 pips every time is not going to get you very far. Ending up with AVERAGE gains of 10 pips per trade is great, but that implies some of your trades are going to be worth more, some less.

But it all depends on your system, too. You have to test it, test it, and then test it some more. If at the end of your testing you find that your system justifies going for just 10, then cool. But you'll find that going for 10 pips every time, with say a 20 pip stop, you'll have to have an accuracy of 70% or more to come out marginally profitable. If your system gives out tons of trade opportunities then you might find this method of trading worth while.

Bottom line: I think it all depends on what your testing reveals and whether you are comfortable trading with poor reward:risk ratios
 
1
  • Post #8
  • Quote
  • Sep 20, 2006 10:53pm Sep 20, 2006 10:53pm
  •  ProdiG
  • | Joined May 2006 | Status: Member | 57 Posts
Quoting minute
Disliked
I think this has already been mentioned above, but with a 10 pip trade it puzzles me how you can factor in a risk reward ratio.

Say you are trading EURUSD, you have a spread of 3 pips, with a 7 pip stoploss equal to 1:1 risk/reward - you are are now setup to make your 10 pips. On this calculation you need to get better than 50% to be profitable.
Drop below this and you will lose money consistently.

A 7 pip stop is far too tight for my liking due to volatility, so this would have to be increased meaning risk/reward is now less than 1.

I don't like to trade this way. Rob Booker does not reveal the whole system in that report, and quite surely there is something I don't know, but thats how I see it prima facie.
Ignored
when i mean 10 pips it doesn't mean that as soon as im up 10 pips im out. and i never use a stoploss. if the trend doesnt go in my favor within the next 3-4 candles i get out usually out just spread. today for example i made 20 pips on the usdjpy short because the trend favored me but only took 3 pips on the eurjpy cause it looked like it was weakening. i coulda easily covered the eurjpy for a small loss. my trading style usually wont kill you.
 
 
  • Post #9
  • Quote
  • Sep 20, 2006 11:04pm Sep 20, 2006 11:04pm
  •  mkkr
  • | Joined Jul 2006 | Status: Member | 33 Posts
I know of a guy (NOAH) MET him {saw his trading account} he gets 10 pips a day no more no less has a 90 pip stop loss. when i saw his trade account report had not lost a trade in over a year documentation I saw. he makes 200,000.00 a month. gives his whole trading method to anyone who wants it. I just have not taken the time to test it.
now you guys can blast away at me. I tell the truth

Quoting ProdiG
Disliked
when i mean 10 pips it doesn't mean that as soon as im up 10 pips im out. and i never use a stoploss. if the trend doesnt go in my favor within the next 3-4 candles i get out usually out just spread. today for example i made 20 pips on the usdjpy short because the trend favored me but only took 3 pips on the eurjpy cause it looked like it was weakening. i coulda easily covered the eurjpy for a small loss. my trading style usually wont kill you.
Ignored
THE MAN
 
 
  • Post #10
  • Quote
  • Sep 20, 2006 11:06pm Sep 20, 2006 11:06pm
  •  mkkr
  • | Joined Jul 2006 | Status: Member | 33 Posts
it's called the NOAH EFFECT or the method



Quoting mkkr
Disliked
I know of a guy (NOAH) MET him {saw his trading account} he gets 10 pips a day no more no less has a 90 pip stop loss. when i saw his trade account report had not lost a trade in over a year documentation I saw. he makes 200,000.00 a month. gives his whole trading method to anyone who wants it. I just have not taken the time to test it.
now you guys can blast away at me. I tell the truth
Ignored
THE MAN
 
1
  • Post #11
  • Quote
  • Sep 20, 2006 11:12pm Sep 20, 2006 11:12pm
  •  ProdiG
  • | Joined May 2006 | Status: Member | 57 Posts
Quoting mkkr
Disliked
I know of a guy (NOAH) MET him {saw his trading account} he gets 10 pips a day no more no less has a 90 pip stop loss. when i saw his trade account report had not lost a trade in over a year documentation I saw. he makes 200,000.00 a month. gives his whole trading method to anyone who wants it. I just have not taken the time to test it.
now you guys can blast away at me. I tell the truth
Ignored
not very hard to believe. 10 pips a day is not a lot at all. just catch a continuation of a trend and thats good for at least 7. if you know what your doing 25-50 pips is likely even. i just used 10 as an example because i know its obtainable if i said 25 or 50 that would sound far fetched.
 
 
  • Post #12
  • Quote
  • Sep 20, 2006 11:19pm Sep 20, 2006 11:19pm
  •  dvescio
  • | Joined Nov 2004 | Status: Member | 27 Posts
Quoting mkkr
Disliked
I know of a guy (NOAH) MET him {saw his trading account} he gets 10 pips a day no more no less has a 90 pip stop loss. when i saw his trade account report had not lost a trade in over a year documentation I saw. he makes 200,000.00 a month. gives his whole trading method to anyone who wants it. I just have not taken the time to test it.
now you guys can blast away at me. I tell the truth
Ignored
I don't think anyone is going to blast you. Anything is possible in this business but if he goes for only 10 pips a day, no more or less, then with that kind of risk:reward he's basically right almost 95% of the time. He would have to be or he'd go bust very quickly. If he can do that, that is nothing short of a "Holy Grail". I'd be skeptical, but hey, proof is in the pudding and if you saw his statements then hop on for the ride with him, dude
 
 
  • Post #13
  • Quote
  • Sep 21, 2006 2:39am Sep 21, 2006 2:39am
  •  ngdaniel
  • | Joined May 2006 | Status: Currency Speculator | 159 Posts
Quoting avlasov
Disliked
Ask the following questions:
1. Where did the USD close (5pm EST) yesterday against the majors?
2. What effect will today’s economic reports have, if any, on the forex market?
a. FED interest rate movements
b. ECB decisions
c. Unemployment – Weekly Moving Average above or below 400k?
d. Greenspan speaking?
3. Are we at an all time high or low on the EUR or GBP or CHF? Or:
a. Are they way oversold or overbought? Is it better to not trade today?
4. If I make a trade now, what might go wrong? What’s the most I’ll lose? Gain?
Is the market just dead quiet right now? Moving fast?
5. Is the EUR or GBP moving right now? How far are the pairs from support and
resistance?
RB
Ignored
d is funny. Greenspan doesn't speak anymore. I guess the text you got this out of is really old.
 
 
  • Post #14
  • Quote
  • Sep 21, 2006 2:44am Sep 21, 2006 2:44am
  •  Mr Trend
  • Joined Apr 2006 | Status: Mmmm pips. | 1,418 Posts
Quoting ngdaniel
Disliked
d is funny. Greenspan doesn't speak anymore. I guess the text you got this out of is really old.
Ignored
He got it from one of Rob Booker's e-books.
Mr. Trend
 
 
  • Post #15
  • Quote
  • Sep 21, 2006 3:32am Sep 21, 2006 3:32am
  •  The Wizard of Oz
  • | Joined Jan 2006 | Status: Ghot Angrez gu`ak | 143 Posts
10 pips a day would be nice. i used to try for 10 and had a nice run of 5 weeks without a loss. Then i got some 40-50 pip losses and got overcome with the desire to get it all back. Then more losses etc. etc.

If i could do this consistently then i'd be doing fine.

I like Rob. His methods are great and I learnt a lot from his 1 on 1 training. unfortunately for me he's in the USA so I have not had so much personal tutoring. Would have liked a lot more. Still would actually.

Anyway, 10 pips a day is great if you can do it consistently. The biggest problem are the losses.

Wiz.
 
 
  • Post #16
  • Quote
  • Sep 21, 2006 4:33am Sep 21, 2006 4:33am
  •  minute
  • | Joined Jun 2006 | Status: Member | 377 Posts
Quoting ngdaniel
Disliked
d is funny. Greenspan doesn't speak anymore. I guess the text you got this out of is really old.
Ignored
Could have penned as recently as nine months.

This is true but to time proof the document he could mention the guys/gals position and it would hold good.

Quote
Disliked
From usgov.info
President Bush today nominated his chairman of the Council of Economic Advisers Dr. Ben Bernanke to succeed Federal Reserve Chairman Alan Greenspan, whose term expires in January 2006
 
 
  • Post #17
  • Quote
  • Sep 21, 2006 6:46am Sep 21, 2006 6:46am
  •  mkkr
  • | Joined Jul 2006 | Status: Member | 33 Posts
I will find and post the method
Quoting dvescio
Disliked
I don't think anyone is going to blast you. Anything is possible in this business but if he goes for only 10 pips a day, no more or less, then with that kind of risk:reward he's basically right almost 95% of the time. He would have to be or he'd go bust very quickly. If he can do that, that is nothing short of a "Holy Grail". I'd be skeptical, but hey, proof is in the pudding and if you saw his statements then hop on for the ride with him, dude
Ignored
THE MAN
 
 
  • Post #18
  • Quote
  • Sep 21, 2006 8:32am Sep 21, 2006 8:32am
  •  fried pipster
  • | Joined Aug 2006 | Status: lions 1 christians 0 | 24 Posts
his name is noah depham and orginally he was a 4xME user dont know if he still is or not his method was to use consolidation phases where the channel dosent vary by more then 10 pips either way for a minimum of 4 or 5 1 hr candles he then straddles 30 pips out for execution and rides it another 10 pips because of the momentum the longer it paces the father it races he also has his own web site called club 10 pips .com he maintains 95% because he dosent deviate from his trading plan as far as 200,00/mo a pip can be 10 cents or 1,000 dollars how deep are your pockets but the man is for real
 
 
  • Post #19
  • Quote
  • Sep 21, 2006 8:37am Sep 21, 2006 8:37am
  •  minute
  • | Joined Jun 2006 | Status: Member | 377 Posts
Quoting fried pipster
Disliked
his name is noah depham and orginally he was a 4xME user dont know if he still is or not his method was to use consolidation phases where the channel dosent vary by more then 10 pips either way for a minimum of 4 or 5 1 hr candles he then straddles 30 pips out for execution and rides it another 10 pips because of the momentum the longer it paces the father it races he also has his own web site called club 10 pips .com he maintains 95% because he dosent deviate from his trading plan as far as 200,00/mo a pip can be 10 cents or 1,000 dollars how deep are your pockets but the man is for real
Ignored
So he places a buy and sell stop orders simultaneously 30 pips out from market, after a consolidation?
 
 
  • Post #20
  • Quote
  • Sep 21, 2006 8:47am Sep 21, 2006 8:47am
  •  fried pipster
  • | Joined Aug 2006 | Status: lions 1 christians 0 | 24 Posts
all question refer yourself to club 10 pips.com its noah web site i just briefly remember it from a few years ago its a mechanical system dosent produce a trade everyday so i lost interest since ive been reminded of it i might start looking at it again as a side bet whenever all his planets align up correctly
 
 
  • Rookie Talk
  • /
  • 10 pips a day can make you rich quickly
  • Reply to Thread
    • Page 1 23456 12
    • Page 1 234 12
0 traders viewing now
  • More
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023