Thanks Spud for your willingness to share with others. 
Did you happen to make a trade this morning or sit it out on the sidelines?
Did you happen to make a trade this morning or sit it out on the sidelines?
- #102
- Mar 30, 2007 2:40pm Mar 30, 2007 2:40pm
- Joined Jan 2007 | Status: MTF Stochastics and Volume/Price | 1,133 Posts
Thanks Spud for your willingness to share with others.
Did you happen to make a trade this morning or sit it out on the sidelines?
- #105
- Edited 12:41pm Mar 31, 2007 11:59am | Edited 12:41pm
- Joined Nov 2006 | Status: Because they DO exist... | 424 Posts
I like the math.....
20 pips per day = 100 pips per week
100 pips per week = 400 pips per month
400 pips per month = 4800 pips per year
One Standard Lot = $8.00 - $10.00 per pip, depending on which pair you traded.
20 pips per day = $160 - $200 per day
100 pips per week = $800 - $1000 per week
400 pips per month = $3200 - $4000 per week
4800 pips per year = $38,400 - $48,000 per year
If you're working with a smaller account and trade one mini lot per trade then:
20 pips per day = $16 - $18 per day
100 pips per week = $80 - $100 per week
400 pips per month = $320 - $400 per week
4800 pips per year = $3840 - $4800 per year
To me, seeing the numbers makes focusing on getting that 20 pips per day so much more of a worthy goal. What I think is really cool is that to increase your income, you don't need to do anything different functionally. As you build up your bank, just increase the number of lots you trade, keeping the same pip goals.
K.I.S.S.....I like it....
P.S. Looking forward to your documentation Mr. Spudfyre!
20 pips per day = 100 pips per week
100 pips per week = 400 pips per month
400 pips per month = 4800 pips per year
One Standard Lot = $8.00 - $10.00 per pip, depending on which pair you traded.
20 pips per day = $160 - $200 per day
100 pips per week = $800 - $1000 per week
400 pips per month = $3200 - $4000 per week
4800 pips per year = $38,400 - $48,000 per year
If you're working with a smaller account and trade one mini lot per trade then:
20 pips per day = $16 - $18 per day
100 pips per week = $80 - $100 per week
400 pips per month = $320 - $400 per week
4800 pips per year = $3840 - $4800 per year
To me, seeing the numbers makes focusing on getting that 20 pips per day so much more of a worthy goal. What I think is really cool is that to increase your income, you don't need to do anything different functionally. As you build up your bank, just increase the number of lots you trade, keeping the same pip goals.
K.I.S.S.....I like it....
P.S. Looking forward to your documentation Mr. Spudfyre!
Hi Spud,I just want to thank you for starting this thread. I got interested in the stochs multitime frame with TEB63 very good system but I wanted to concentrate just on one pair and I've always been intrigued by the gbp/jpy look forward to following this thread....Valerie....
- #108
- Apr 2, 2007 7:18am Apr 2, 2007 7:18am
- Joined Jan 2007 | Status: MTF Stochastics and Volume/Price | 1,133 Posts
- #109
- Edited 12:24pm Apr 2, 2007 11:37am | Edited 12:24pm
- Joined Nov 2006 | Status: Because they DO exist... | 424 Posts
Apologies I won't be trading today...or at least until tonight. My wife decided to buy a puppy on the weekend...a rather large 8 month old puppy that is in need of a fence...so guess who gets to build the fence.
The document should be ready tomorrow, with chart examples.
No wait! A PipBull!
- #112
- Apr 3, 2007 8:39am Apr 3, 2007 8:39am
- Joined Jan 2007 | Status: MTF Stochastics and Volume/Price | 1,133 Posts
I've almost got all the charts completed. I think you will find the wait worthwhile. Unfortunately for me I did not realize the amount of time it would take to produce them and write up what each one means. However, I feel it is important to post them so that more time is spent on trading and making pips
So bear with me....I'm getting there.
"Piptriever"...cute. Might make a good name. Though right now I think she is a "pipus interuptus".
So bear with me....I'm getting there.
"Piptriever"...cute. Might make a good name. Though right now I think she is a "pipus interuptus".
Enki,
Well said ....I too have been caught up in this big FX jungle. My journey has lead me to many threads. I remember reading one thread from post number one......I wanted to read every post not to miss a sentence or a phrase that I thought would help in my adventure: After one complete day of readding the thread just ended.... I did learn a valuable lesson (read the last post first). It wasn't all bad I did pick up pointers here and there.
Spudfyre...I echo EnkiJr's sentiments..
jj/.
Well said ....I too have been caught up in this big FX jungle. My journey has lead me to many threads. I remember reading one thread from post number one......I wanted to read every post not to miss a sentence or a phrase that I thought would help in my adventure: After one complete day of readding the thread just ended.... I did learn a valuable lesson (read the last post first). It wasn't all bad I did pick up pointers here and there.
Spudfyre...I echo EnkiJr's sentiments..
jj/.
- #119
- Apr 3, 2007 4:23pm Apr 3, 2007 4:23pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
good stuff on here
- #120
- Apr 3, 2007 11:09pm Apr 3, 2007 11:09pm
- Joined Dec 2006 | Status: call me Kevin | 1,263 Posts
Spudfyre... bear with me for a moment please...
I'd like to express my gratitude to all the hosts at FF who keep their doors open and allow passers by to come in and learn... thank you to all people with big hearts and minds for sharing your knowledge and... your creativity...
After a number of months of searching for the right path in this fx jungle... and loosing money on my first live trade... I came back to the “drawing board” and started to search again... I found Igor’s TSR - a good learning experience... Ramdas – 6SMAs TS, no indicators system... thank you Ramdas...
From Ramdas, my journey put me across the beautiful mind of Kharvell and his thread... thank you Kharvell for sharing your creations... and first of all... thank you for the link to Spudfyre’s thread here...
I started to read Kharvel last night... then came to Spudfyre... and couldn’t stop... it was so exhilarating... went to sleep about passed 3:00 am... when my eyes and head just couldn’t handle anymore... have completed my reading today...
Spudfyre... thank you for being who you are... and for doing what you do... know that you may be saving other peoples existence... be for them a light at the end of the tunnel... and... give them hope, for a better future...
THANK YOU for sharing your energy... and teaching us some of what you know... you are a good teacher... I see your link with Vibrating Bundles of Energy and Universal Knowledge is quite strong... happy... and gratifying... let it be that way.... -EnkiJr
Thank you for the kind words. I hope you have much success in forex
!Regards,
Kevin