100 PIP Trade anyone? | Forex Factory

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100 PIP Trade anyone?

  • #1
  • First Post: Mar 21, 2007 6:40pm Mar 21, 2007 6:40pm
Has anyone acheived a 100 PIP trade?

Im sure there are some out there. I traded the US Interest Rate statement this morning and should have held out.. I weakened and pulled out too early. I ended up with 22 pips..

One of my goals is to make a 100 pip trade on an interest rate or on non-farm or something.. figured this would help me get over my fear by hearing everyone's stories.

Chris
  • #2
  • Mar 21, 2007 6:56pm Mar 21, 2007 6:56pm
Quoting cheezehead
Has anyone acheived a 100 PIP trade?

Im sure there are some out there. I traded the US Interest Rate statement this morning and should have held out.. I weakened and pulled out too early. I ended up with 22 pips..

One of my goals is to make a 100 pip trade on an interest rate or on non-farm or something.. figured this would help me get over my fear by hearing everyone's stories.

Chris
lol...yes, and there are some people on here who do 1000 pip trades.
  • #3
  • Mar 21, 2007 7:02pm Mar 21, 2007 7:02pm
Does it have to be news? If so then no. Technical traders on 4hr charts will get 100 trades all the time. Of course their/our losses will be triple digets often too.

The pair you trade also can skew things. If you really want big pips ... trade gbp/jpy or something. The exotics would be even better... USD/MXN or something. The $value/pip will always balance out though.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #4
  • Mar 21, 2007 7:12pm Mar 21, 2007 7:12pm
Quoting cheezehead
Has anyone acheived a 100 PIP trade?

Im sure there are some out there. I traded the US Interest Rate statement this morning and should have held out.. I weakened and pulled out too early. I ended up with 22 pips..

One of my goals is to make a 100 pip trade on an interest rate or on non-farm or something.. figured this would help me get over my fear by hearing everyone's stories.

Chris
All the time mate, and my largest stop is 80pips
  • #5
  • Mar 21, 2007 10:27pm Mar 21, 2007 10:27pm
Quoting cheezehead
Has anyone acheived a 100 PIP trade?

Im sure there are some out there. I traded the US Interest Rate statement this morning and should have held out.. I weakened and pulled out too early. I ended up with 22 pips..

One of my goals is to make a 100 pip trade on an interest rate or on non-farm or something.. figured this would help me get over my fear by hearing everyone's stories.

Chris
I've lost count. My last three trades +413, -80, +310. These were on 4h & daily charts.

Advice: I know you're a new trader, but you can get a head start by avoiding the things that newbies gravitate towards.

Avoid the following "newbie traps" until you gained LOTS of experience and are trading consistently:

* News trading.

* Charts shorter than 4 hours.

* True leverage higher than 5:1.

There's nothing wrong with any of the above. They're just not the best route for newbies.

Dial
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  • #6
  • Mar 21, 2007 10:37pm Mar 21, 2007 10:37pm
ive only done two trades in the last 10 days or so and one was over 500 and the other 125

just an idea here, but if you aim or try to trade a little bigger move, you can use less leverage, and a 100 point move against you wont really hurt.
i dont know if that is valid for what you do but it works for me.
  • #7
  • Last Post: Mar 24, 2007 4:11am Mar 24, 2007 4:11am
I trade a 4 hour system and I watch 12 currency pairs. March has given me 35 returns with 100+ pips to date.
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