The hunt for 4 pips...

Hi all,

I want to start with an experiment. I try to catch 4 pips every day.

Why 4? It's because of my stop. I use a stop which is double the size of the tp. I go for breakouts in the EUR/USD only. The price often breaks through S/R levels. I don't care about if there will be a new trend or not, I just look for 4 pips.

I start with $2,000 today. I use Oanda where I have a nice spread of 0.9 pips for the Fiber.
I use very high leverage. A loss will result in about 2-3% of my account size.

Regards - Xaron

Today everything went well.

Position was entered at 1.48435 with 60,000 units. There was no slippage. Target reached within seconds.

http://www.xaron.net/dl/fx/2008/intr...usd_040208.png

Done for today.

Regards - Xaron

Today I did not take a breakout. Price went through S1 at 1.4798. I went short on the pullback to the S1. These kind of trades are very, very safe.

Position was entered at 1.47972 with 60,000 units.

Here comes the chart:
http://www.xaron.net/dl/fx/2008/intr...usd_050208.png

Regards - Xaron

Hi Xaron.

It looks good.
What kind of strategy you use?
The TP is small, but it seems safe to run.
Good luck.
Tordi