10% a month Will be my aim | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

FXPRO coming to the AIM 2 replies

How Many Pips do you aim for per week?(& Poll Vote) 27 replies

EA back test for 12 month or 24 month 9 replies

10% a month Will be my aim

  • #21
  • Apr 24, 2007 10:51am Apr 24, 2007 10:51am
be careful friend..

setting a goal you feel you must meet every month is dangerous. If the end of the month is near and you have not met your goal you may feel compelled to take trades that you normally would not.

youre goal should be to trade smart

good luck and good trading
  • #22
  • Apr 24, 2007 11:05am Apr 24, 2007 11:05am
Quoting jacko
Just a couple of things to notefrom the above:

1. i am taking small profits. Why only small profits?

2. high probability trades What are these things?

3. that way my SL when they get hit will not hurt as much Seems as though you are fatalistic.

I will watch your trades with interest...

.
high probability trades allow u to set thin SL. imagine price at a weekly support. see what i mean now? when that level is breached (unlikely) i wont feel as bad because i know it was still a good trade
  • #23
  • Apr 24, 2007 11:19am Apr 24, 2007 11:19am
why only 10%? Why is there even a limit. Leave that for the 9-5 job. In trading, you should leave it to the possibilites of the market
  • #24
  • Apr 24, 2007 11:23am Apr 24, 2007 11:23am
Quoting hilmy83
why only 10%? Why is there even a limit. Leave that for the 9-5 job. In trading, you should leave it to the possibilites of the market
that's the whole point of this strategy, waiting for high prob momentum trades and only take 10 or so pips. Getting greedy might get u caught in a retracement.

my regular trades dont have limits but since some of my trades went in 10 or so pips profits before turning losing trades, i am testing out this strategy.

I use Fibo, TD trendlines and S&R

Open trades: long gbpusd @ 2.0014
  • #25
  • Apr 24, 2007 11:28am Apr 24, 2007 11:28am
Quoting don perry
that's the whole point of this strategy, waiting for high prob momentum trades and only take 10 or so pips. Getting greedy might get u caught in a retracement.
true, but could it also be 'fear' that you feel it could retrace and take your profits out?

Like they say, fear and greed are the two basic emotions of trading
  • #26
  • Apr 24, 2007 11:40am Apr 24, 2007 11:40am
Quoting hilmy83
true, but could it also be 'fear' that you feel it could retrace and take your profits out?

Like they say, fear and greed are the two basic emotions of trading
you are right. if u know me well u know i say all of that emotion schmotion is BS. Because if a professional trader is looking at a chart and placing a trade with a stop loss at X below support HE IS SHOWING FEAR that price might pass support and lose him some money.

the market is emotion driven or else we wouldn't have any pattern. You take a trade because you greed the pips...BUT u exercise some Technical analysis before making a trade so that to ensure your trade has a higher probability of working out as to losing...or else your emotion of fear will tell u not to take it.
  • #27
  • Apr 24, 2007 12:45pm Apr 24, 2007 12:45pm
Quoting superdezign
be careful friend..

setting a goal you feel you must meet every month is dangerous. If the end of the month is near and you have not met your goal you may feel compelled to take trades that you normally would not.

youre goal should be to trade smart

good luck and good trading
i agree. I'll try not to let that bother me
  • #28
  • Apr 24, 2007 1:10pm Apr 24, 2007 1:10pm
these last couple days have been a bit range bound so far so it is not an easy trade to get the big pips, but that will change soon so be ready.......
Same Whore .... Different Dress
  • #29
  • Apr 24, 2007 1:33pm Apr 24, 2007 1:33pm
gbpusd got SL and reversed. Came out with net 10 pips after that battle.
account now at 101.1%
  • #30
  • Apr 24, 2007 1:36pm Apr 24, 2007 1:36pm
the reversal entry was easy because it was sitting @ a 15 min trendline. Low SL and high prob. total move from that trendline piercing is from 2.0008 to 1.9991 [16]
  • #31
  • Apr 24, 2007 3:53pm Apr 24, 2007 3:53pm
i entered a buy on gbpjpy @ 237.35 Exit @ 237.51 made 13 pips. account now @ 101.412%
  • #32
  • Last Post: Edited 1:04pm Apr 26, 2007 12:46pm | Edited 1:04pm
after taking some losses earlier yesterday, i made a nice profit last night guys, Made 45+65 pips (audusd+gbpchf) last night.

account now @ 101.6%
0 traders viewing now