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5 PIPS - Only Five

  • #41
  • Oct 28, 2014 12:51am Oct 28, 2014 12:51am
Quoting tk5
{quote} if you use SL in this way you will waste money (because price actions is very close) and nerves...just better do it during quiet times and stay behind monitor... DONT BE SAD when you miss more pips along the way..The idea is to take your 5 pips and leave computer. come back later... THERE ALWAYS BE 5 PIPS ON MARKET make 5 pips every hour , 4-5 hours a day. it will be steady and clean. All I suggest to do is these: --- avoid platforms like MT4..I dont use it..if you use it use only ECN account --- Use ECN accounts. --- if you dont have...
Hey, Nice and simple way to make Green. Also Nice motivation.
Happy Trading
  • #42
  • Oct 28, 2014 12:54am Oct 28, 2014 12:54am
TK, if you read my response carefully, you will realise that all of these things are done away from trading - before you start trading.
It is called planning.
Once you sit in front of your computer, all of these things are in place and you are simply looking for opportunities in the market that match your system (mindset/tactic).
  • #43
  • Oct 28, 2014 12:56am Oct 28, 2014 12:56am
Quoting GoldenEA
{quote} If you so sure why not use 5 lot, 50 lot instead 0.5 lot? you can make $250, $2500 in an hour.
Hey GoldenEA, although some body have a good system, we must considered fores as business, the same as business, all your money/capital can not use for buying the merchandise, you also must have spare for operation cost, also another cost. So TK5 give an example with .50 lot I think is depend also his equity when he want to open the position. On his post, he said also if the price goes opposite your direction , leave it and come back later, it's mean that he still have a lot of money to protect his position.
Money Management , and Mental to face with the risk is more important.
Although you also have a good system, u can not greedy.
Happy trading
  • #44
  • Oct 28, 2014 12:57am Oct 28, 2014 12:57am
Quoting Aich
TK, if you read my response carefully, you will realise that all of these things are done away from trading - before you start trading. It is called planning. Once you sit in front of your computer, all of these things are in place and you are simply looking for opportunities in the market that match your system (mindset/tactic).
yes sure, you must be ready...you must know what to do.
always draw trendlines
  • #45
  • Oct 28, 2014 12:58am Oct 28, 2014 12:58am
Quoting Vigovski
Soon i will create thread with 20 - 50 pips only daily !! and its easy every day* like your thread keep it up .. But i dont like overleverage part.
Cool.
hope you will get better.
  • #46
  • Oct 28, 2014 1:00am Oct 28, 2014 1:00am
Quoting FerruFx
{quote} When you will get experience in trading, you will know that highest the leverage, highest the risk. High leverage is only a promotional tool for brokers to attract newbies.
Agree.
  • #47
  • Oct 28, 2014 1:04am Oct 28, 2014 1:04am
good luck
now show your curve but not the butt the equity one
less words more proof

Quoting tk5
Forex is about making five pips in an hour... We have been abusing ourselves with reading, seeking and doing all that crap to make money from FX. We are all fools. Do you indeed need indicators, algos, malgos, zalgos I don't know codings modings to make 5 damn pips??? You need very basic forex skills...yes, basic skill to earn 5 pips and move out immediately! 5 pips is just simple and shortest movement of a God damned candle my friends. Yes it's. And can't we really locate that movement during an hour?! We all can and we will!. And if you think...
My Best Trade is Next Trade!
  • #48
  • Oct 28, 2014 1:08am Oct 28, 2014 1:08am
Quoting tk5
{quote} which of many systems offered on FF made you a millioner so far?? just be honest. make 100$ a day, means 2000$ a month....or choose drive taxi all day long...which one you choose? idea is to grow your balance..make 2000$ first month then make it 4000$ next month..then open higher lots using less time. OR open the same lot with less levrrage. its that simple.
Good vision.
I agree with you, Forex is the best, you can make money with many ways.
Happy trade
  • #49
  • Oct 28, 2014 1:08am Oct 28, 2014 1:08am
Quoting MAM.Trader
good luck now show your curve but not the butt the equity one less words more proof {quote}
I dont hav obligation to prove sth, I am not promoting a pamm account )))). If you know a thing about forex then you need no proof to understand it.
always draw trendlines
  • #50
  • Oct 28, 2014 1:10am Oct 28, 2014 1:10am
now you move your butt

-- last post --

Quoting tk5
{quote} I dont hav obligation to prove sth, I am not promoting a pamm account )))). If you know a thing about forex then you need no proof to understand it.
My Best Trade is Next Trade!
  • #51
  • Oct 28, 2014 1:13am Oct 28, 2014 1:13am
oh we hurt MAM-PAMM traders business )))))
always draw trendlines
  • #52
  • Oct 28, 2014 1:15am Oct 28, 2014 1:15am
Quoting Aich
TK, if you read my response carefully, you will realise that all of these things are done away from trading - before you start trading. It is called planning. Once you sit in front of your computer, all of these things are in place and you are simply looking for opportunities in the market that match your system (mindset/tactic).
Nice .
  • #53
  • Oct 28, 2014 2:27am Oct 28, 2014 2:27am
Quoting FerruFx
{quote} When you will get experience in trading, you will know that highest the leverage, highest the risk. High leverage is only a promotional tool for brokers to attract newbies.
Agree, and not agree! High leverage is a promotional Tool, that will attract beginners, in the hope of making 100usd to 100k in a month. - But there are som quite skilled traders, who take advantage of the high leverage. I know a great trader, he makes an average of 30k a month using 1:500
MY SITTING, NEVER MY THINKING!
  • #54
  • Edited 2:45am Oct 28, 2014 2:34am | Edited 2:45am
tkii... just tell what you do when once in a while ( and I am being nice) when one of these golden hours of yours, a sudden move takes you down for -10 or so...

The fact is when this happens, then soon you realize ahhhh I would need a Trading Plan.. from what heard from your so far you ain't got one... so tell what your back up rebuttal is for such given situations, then I tell you what your really need..

now you are not naive to think that you are perfect or one can be mentally perfect do yaa!!. lol

simple question put out to you just answer it otherwise your thread has no value.. present a structure or something, and I am not saying a system etc, but something..

I/we all are ears...
Passion, Persist, Patience, Protect
  • #55
  • Oct 28, 2014 2:37am Oct 28, 2014 2:37am
Quoting Aich
{quote} If $25 per hour makes you happy, go drive a taxi and have a life. Forex is for people with big plans. Forex is a high risk venture and there is only 1 reason to undertake a high risk venture - to make HIGH gains. All the best with this. Cheers, H
...Did you read the thread? This thread was not about making 25usd pr hour, it was about making 5 pip a hour. And if you got big plans, you need to see the big Picture. 5pip = 25usd on a 0.5 contract. What if the contract was 5lot, 10, 15, 20, 45 lot?

The funny thing is; For years back, i've traded something similar, just using the daily chart. Using HA and HA smoothed and a 200 ema to indentify trend, on the same chart. Target was 15 pip pr daily candle, and a stop of 40. I know this sounds very stupid - But it had a 96% WR. I've used it on the big pairs.
MY SITTING, NEVER MY THINKING!
  • #56
  • Oct 28, 2014 2:45am Oct 28, 2014 2:45am
Quoting merrygold
{quote} Agree, and not agree! High leverage is a promotional Tool, that will attract beginners, in the hope of making 100usd to 100k in a month. - But there are som quite skilled traders, who take advantage of the high leverage. I know a great trader, he makes an average of 30k a month using 1:500
Yes of course I agree ... when used by an experienced trader.

My point was essentially that beginners think that this will help them to become rich in no time ... while it's quite the opposite.
MT4/MT5 EAs/Indicators/Alerts coder
  • #57
  • Oct 28, 2014 2:52am Oct 28, 2014 2:52am
High leverage, low leverage. Doesn't matter does it. You risk a certain % and when you calculate the % you take the leverage in account.
  • #58
  • Oct 28, 2014 2:52am Oct 28, 2014 2:52am
Quoting merrygold
{quote} ...Did you read the thread? This thread was not about making 25usd pr hour, it was about making 5 pip a hour. And if you got big plans, you need to see the big Picture. 5pip = 25usd on a 0.5 contract. What if the contract was 5lot, 10, 15, 20, 45 lot? The funny thing is; For years back, i've traded something similar, just using the daily chart. Using HA and HA smoothed and a 200 ema to indentify trend, on the same chart. Target was 15 pip pr daily candle, and a stop of 40. I know this sounds very stupid - But it had a 96% WR. I've used it...
Marry the problem with such systems are that they are seasonal.. meaning when market conditions changes due to various factors then when the hit rate drops to 60-70% your in trouble with such unfavorable RR.
Favorable conditions could stay in your favor for a long time but the fact is it could change at any time at will and stay that way for uncertain time.. so not something that could take it to bank to say the least unless one is extremely superior and experienced which could foresees and able to adapt and adjust.. not easy.
Passion, Persist, Patience, Protect
  • #59
  • Oct 28, 2014 3:02am Oct 28, 2014 3:02am
As always - you have carefully select your trades, have one or maximum two setups, stick to them like paranoid , apply strict MM and then enjoy your profits. No indicators, no fundamentals, no technical explanations - price is a function of a human emotions. So trade that.
For my fallen angels.
  • #60
  • Oct 28, 2014 3:16am Oct 28, 2014 3:16am
I rather wait wait and spot a set-up earn 5 pips within an hour than make 30 pips then lose 50 pips later...

Now...spotting small pip movement (as per sentiment of 5ema) is probably easiest thing in Forex..
You can use many ways very simple.

Just take MACD...M15 timeframe. If you are lazy use simple tools such as MACD MTF Alerter by FerruFX...it will tell you when set-up develops.
Later I will bring real examples.
always draw trendlines
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