IMO, The question is not making 20 or xx pips a day. The questions are:
1. Can you make it consistently and systematically?
2. What is your capital size?
As you know, and probably agree with me, is when one trade real money, I mean for a small real trader I am talking about minimum $10 a tick / pip, the name of the game is not how many ticks I can theoretically make with a chart (millions even with a 1min chart) but reducing risk, having a statistical edge with a decent R:R and doing it consistently every single day including after those awful and painful losing strikes.
Best of luck and enjoy the weekend
sisse
1. Can you make it consistently and systematically?
2. What is your capital size?
As you know, and probably agree with me, is when one trade real money, I mean for a small real trader I am talking about minimum $10 a tick / pip, the name of the game is not how many ticks I can theoretically make with a chart (millions even with a 1min chart) but reducing risk, having a statistical edge with a decent R:R and doing it consistently every single day including after those awful and painful losing strikes.
Best of luck and enjoy the weekend
sisse
Disliked20 pips a day is very feasible. Eu moves average 150 pips a day give or take a few, just have to use your trendlines, bb's fibs, and pivots. Watch price action for pullbacks, determine your stop according to MM os S/R levels, and pull the trigger. FXCM has 2.3 to 2.7 spreads generally. If you take in account fractional pips, that means the market has to move at least 23 to 27 moves to put you at break even!Ignored
Pending conversations? PM for a chat...I am mainly in OTM now
