Thread how many pips per day or week

Thread how many pips per day or weekThread: how many pips per day or week

Join Date Jul 2011 Posts 91

how many pips per day or week

hi. how many pips per day or week is ideal. of course this is important, as one doesn't want to be leveraging with several lot sizes, because bad trade with several lot can cost a fortune.

so a good balance is necessary i feel. i think this is the only business where you can make a living out of very small movements or 'pips' with decent leverage required.

of course those ppl targeting hundreds of pips weekly, thats just unrealistic. to do so means you need to pick tops and bottoms. and of course there will be loser trades cutting into your pippage.

so i was thinking, somewhere between 80-100 pips per week is the required amount and some sort of consistency between the weeks is important. eg. not winning 200 pip one week, and nothing for the next 2 weeks. thats just not that consistent. 100 pip one week, 50 pip next. 60 pip, thats what we want?

$5/pip thats $400/week. assume 45 trading weeks, thats about $18k income/annum. solid, very little tax on that. thats realistic imo, for first 6-12 months, then u can step it up after some experience. think of it like a university degree which is several years but costs u money. once something around this figure achieved, then step it up.

my style. scalping + short term day trading. only 1,5,15,30 min charts. forget the rest. occasional hold of position with use of trailing stop. below is one system i am planning to use which is decent i found

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The_trading_Signal. pdf (983.5 KB, 574 views)

Last edited by Halba; 10-29-2011 at 12:39 AM.

Most active trading times in forex

Most active trading times in forexMost Active Trading Times in Forex

When is the Forex Market Open?

Though the forex market is open 24 hours a day, there are specific times when the market is faster moving, and it’s easier to make money. There are three main time zones for trading – New York, London and Tokyo. Two sessions are usually always overlapping. In terms of Eastern Standard Time, New York is open from 9am to 5 pm, London is open from 3 am to 12 pm, and Tokyo is open from 7pm to 4 am. So, naturally, the busiest times in the market are from 3 to 4am, and then from 8am to 12 pm, because two markets are overlapping. And, since London overlaps with both Tokyo and New York at some point, it usually has the busiest session.

What is the Best Time to Trade?

The middle of the week is also usually the busiest time in terms of trading. Tuesday and Wednesday shows much more movement and activity than the beginning or end of the week. Friday is generally the slowest day, when things calm down as soon as the London session closes. Sundays and Holidays are generally dead as well, and it’s unadvised to do lots of trading then.

Most Active Currency Pairs

London Session (3am to 12pm ET)

GBP/CHF - average range 145 pips

GBP/JPY - average range 140 pips

USD/CHF - average range 115 pips

GBP/USD - average range 110 pips

USD/CAD - average range 90 pips

EUR/USD - average range 80 pips

USD/JPY - average range 75 pips

New York Session (9am to 5pm ET)

GBP/CHF - average range 130 pips

GBP/JPY - average range120 pips

USD/CHF - average range 110 pips

GBP/USD - average range 90 pips

USD/CAD - average range 80 pips

EUR/USD - average range 75 pips

Tokyo Session ( 7pm to 4am ET)

GBP/JPY - average range 110 pips

GBP/CHF - average range 90 pips

USD/JPY - average range 75 pips

USD/CHF - average range 65 pips

GBP/USD - average range 60 pips

AUD/JPY - average range 55 pips

Forex pips definition-what are pips

Forex pips definition-what are pipsForex Pips Definition - What are Pips?

By John Russell. Forex Trading Expert

Definition:

The word pips is actually an acronym for percentage in point, sometimes also called a price interest point. If that didnt help you, here is a better explanation that is less technical. Pips represent the smallest movement that a currency pair can make. Typically this is equal to 1 basis point. but not always.

Continue Reading Below

Also, the different in pips between the bid and ask is called the spread (see forex spread ). The spread is basically how your broker makes money since most forex brokers do not collect an official commission.

How many pips should imake

How many pips should imakeHow Many Pips Should I Make?

The number of pips daily or even 7 days is actually perfect. obviously this really is essential, as you does not desire to be using along with a number of great deal dimensions, simply because poor industry along with a number of great deal may price a lot of money. Therefore a great stability is essential personally I think. I believe this is actually the just company where one can earn a living from really small actions or even pips along with good influence needed.

Click Here to Download A NEW Trading Tool and Strategy For FREE

Obviously individuals people focusing on countless pips every week, that is simply impractical. to do this indicates you have to choose covers as well as underside. not to mention you will see loss deals reducing in to your own pippage. And so I had been considering, approximately 80-100 pips each week may be the needed quantity as well as some kind of regularity between your days is essential. for example. not really successful two hundred pip 1 week, as well as absolutely nothing for that following 14 days. that is simply not which constant. 100 pip 1 week, 50 pip following, sixty pip, that is what we should would like?

$5/pip that is $400/week. Presume forty five buying and selling days, that is regarding $18k income/annum. strong, hardly any taxes upon which. that is practical imo, with regard to very first 6-12 several weeks, after that ough may action this upward following a few encounter. Think about this just like a college level that is many years however expenses ough cash. as soon as some thing for this determine accomplished, after that action this upward.

Vendor is actually correct it is about % funds. You may be producing hundreds of thousands upon just a couple pips or even cents. Everything depends upon lotsize. Focus inside a great TRADE STRATEGY as well as getting great arranged ups and also the cash can come. Individually Id the a hundred and fifty pip focus on every week, however We had been just producing 2-3% upon my personal accounts because of great deal dimension. However I possibly could have a industry having a small SL and obtain exactly the same come back within 20 pips. This is exactly why We timid from pip focuses on any longer. Simply begin with an acceptable objective as well as any time you strike this regularly enhance the club. Every time We strike my personal objective regularly 3 inside a strip Id enhance the club. This develops self-confidence as well as regularity both crucial elements with regard to prosperous buying and selling. The actual remove: pips do not issue % return/loss will.

The trading professional

The trading professionalMonday, January 12, 2009

How to Get Rich on 5 Pips a Week

While I grant you that the title to this post seems a bit on the "sell you the Brooklyn Bridge" side of things, as I'm not selling it (and don't plan to), it is really more a think piece, a mental exercise, if you will. I'm not going to give you a specific strategy, what I'm going to to is show you, through a simple mathematical exercise, how you can easily get rich trading the Forex if you refuse to succumb to greed. Ok. here it is.

The power of the Forex is leverage. It can kill you or make you rich. The beauty of it is that you are completely in charge of which one of those it will be. If you've ever traded the Forex. you know what I mean. You've seen the advertisements touting 400-1 leverage (actually 100-1 is much more common). 100-1 leverage means that if you have an account balance of $10,000 you can trade up to 100 times the value of that account (or $1 million, or 10 standard lots). If you are using 10-1 leverage you would trade no more than 1 standard lot.

Ok. here it is. Do this math: If you made five (yes 5) pips per week, what is your return using 10-1 leverage? If you've ever traded the Forex. you know that 5 pips a week is not an intimidating number. Almost every trade I take, at one point or another, is up 5 pips (even those which eventually lose). I'm sure you are thinking 5 pips, is he kidding? That's not going to get me anywhere. Remember, I'm not talking about 5 pips a day, or a trade. 5 pips per week is my number. The math says that if you have a $10,000 account and are trading 1 standard lot, 5 pips a week will equal $50/week. If you trade 50 weeks a year that means you'll make $2,500 over the course of the year. That's a 25% annual return on your account. In the investing world, a 25% return over the long haul would make you a star (how many famous investors have averaged 25% over the long term? None). That level of return on a $10,000 account would turn the account into $1 million in 6-7 years. You can expand the math to 10 pips a week,(50% return), and you can see that the money gets ridiculous in very short order. If you trade Mini lots you can take the leverage even further. If you trade 1 mini lot for each $1,000 in your account (10 mini lots equals 1 standard lot), and your compounding is even quicker (because you are increasing the amount of currency traded every time you increase your account by $1,000 instead of adding to your trade only when you've earned enough to add another standard lot).

Why don't people trade like this? Well, some do. Traders who are looking to make money and not for the high that trading gives you, trade like this. Many traders set pip goals and when they reach them, they stop trading. However, most go for the 100 pip home run trades each time. Those folks almost always blow up their account. The way to get rich trading the Forex. is by taking reasonable advantage of leverage and by taking small bites. When you are trading 10 or 20 standard lots, and the money begins rolling in, the wisdom of this kind of trading becomes apparent.

Real forex trading results with real proof

Real forex trading results with real proofReal Forex Trading RESULTS with REAL PROOF.

Welcome to the proof page - we have all types of proof here for you to see EXACTLY what kind of Pips are being made with Honest Forex Signals. Enjoy!

RUNNING FINAL PIP TOTALS SUMMARY:

2015 YTD: +6,341 Pips

Total Pips for 2014: +5,621 Pips

Total Pips for 2013: +6,021 Pips

Total Pips for 2011: +8,769 Pips

Total Pips for 2010: +7,138 Pips

Example Only 2 Standard Contracts ($20 a Pip): $776,080 .00

% Gains are completely variable as our members trade all different lot sizes based on their own aggressive or conservative money/risk management strategy.

3little pigs trading strategy weekly report–26-jan-14

3little pigs trading strategy weekly report–26-jan-143 Little Pigs Trading Strategy Weekly Report – 26-Jan-14

Senior Member

Pick Of The Week AUDUSD

After a nice trade the previous week, AUDUSD was again rewarding this week with an 8% return based on 2% risk.

As a note, those of you holding onto the USDCAD trade from the last couple of weeks could have added another 120 PIPs to their 300 PIP tally (and it’s still going). That equates to an additional 12% (total 30%) based on the Initial Stop (20 PIPs) and 2% risk per trade – See the last 2 weekly reports (heres the link to the archive ) for details because these are the trades that really make the difference to your annual performance.

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Forex strategies-live price action trades of the week

Forex strategies-live price action trades of the weekForex Strategies & Live Price Action Trades of the Week | Feb 17th

This week we have some excellent trades from our price action course members. with our top trade grabbing a +4.3R. When looking over these trades, ask yourself if you spotted these entries and profited from them? Ask yourself what would it do to your trading account to find just one of these per day, or a few per week? What would your account balance look like with a few of these winners?

Trade #1: Silver Breakout Trade

While gold was making all the headlines and breaking to multi-month highs, Silver was quietly building up for a bullish breakout that made for some highly profitable trades. In this one, our student used our breakout strategy to spot a good breakout trade ( not a pullback setup . but trading the pure breakout).

After a small pullback, the precious metal screamed higher, locking in over 112 points, for an

4R gain and profit already locked in.

Trade #2: +104 Pips on a Kiwi FPB Setup

After the market formed a counter-trend impulsive move. our student found an FPB setup, capturing the second leg of momentum, and +104.5 pips and

Trade #3: +182.2 Pips, Same Student Same Setup

Using the same method, the student again nailed a fantastic FPB setup on the NZDJPY, capturing +182 pips for greater than a 3R gain. Excellent trading here.

Trade #4: +4.3R EURAUD +180 Pips

In this trade, our student noticed a change in the trend structure. suggesting the EURAUD pair was about to reverse. Although the pair came really close to their stop, they survived as the pair rocketed up higher, with them profiting heavily. They locked in +4.3R, which was hit hit shortly after. Some excellent trading indeed, and a well placed stop.

In Closing

As you can see, we are not just trading your vanilla price action patterns in a typical way. We are spotting opportunities, where most others are not. Our students do an exceptional job finding high quality signals. having well placed stops, and capturing more than the traditional +2R trade.

Ask yourself how often are you capturing trades beyond +2R. Ask yourself if your vanilla systems were able to trade these setups, and take advantage of them. Ask yourself how much your trading and account would change if you were able to find setups like this each week.

Want More? My private members get all my trade setups commentary daily . Click here to become a member.

Thread forex buy-sell trading signals

Thread forex buy-sell trading signalsThread: Forex Buy Sell Trading Signals

Forex Buy Sell Trading Signals

Hello DailyFX Traders,

I am a Short Medium Term Experienced Trader who enjoy gaining from the market quick pips( bt. 10 and 30) as bouncing trading for the Short Term Strategy while from 50 above pips for the Medium Term Strategy relying on daily charts for start of up or downtrend movement of many pairs, besides Gold Oil, using my advanced indicators as a whole system to figure that.

Short Term Strategy Take Profit is bt. 10 and 30 pips while stop loss is 30 pips, and very important note for this bouncing trading strategy(crucial resistance, support, psycological price levels) is you do not enter an order if a pair price hit few pips(bt. 6 and 10) before my buy or sell signal but only if it directly hit it at first intact you enter a trade.

While for Medium Term Strategy Take Profit is 50 pips increased to 100 then 150 and so on. as a certain pair continues its up or downtrend movement each day and I'll daily update you about that, while stop loss is 50 pips from the start of daily candle taken order Take Profit can be used as stop loss, if a pair moved with more than 50 pips gain but reversed before the 100 pips, you set stop loss at 50 pips gain from entry of order,

another example is if a certain pair wasn't able to gain fast 50 pips from start of daily candle and you realized that its moving sideways then you TP bt. 10 and 50 pips,

3rd example which is as the first one, if a pair reached 200 pips gain and reversed you can set stop loss at 150.

Ofcourse, After days of reading my posts you'll learn well how both strategies work.

Tommorow, I'll start posting my signals for you to start a shining week with 100s of pips gain.

Have Great Trading Days

Last edited by FXMoneMaker; 05-22-2011 at 06:37 AM.

Free forex signals pips

Free forex signals pipsFree Forex Signals - 2015 Lows Coming Into Focus

Signal Posted: 2015-11-10 06:16:52

EURUSD Daily Analysis: EURUSD dropped as forecast from last week's analysis, though never rallied high enough to trigger our sell entry (1.1035). We remain bearish on the pair as it has clearly made a series of lower lows and lower highs over the past few weeks and has also made 6 month lows on the break below 1.0820, threatening 2015 lows around 1.0460.

Our Preferred Trades*: Our key pivot is 1.0870 (we remain bearish below this level) and have set a sell limit at 1.0840 accordingly, SL 1.0875, TP 1.0740 (100 pips).

Today's Important News Events:

Forex income calculator

Forex income calculatorForex Income Calculator

The Forex Income Calculator will show how many pips that you need to earn every day to achieve their income goals for the year.

Plus, with the advanced options you can change the default settings which include # of weeks per year that you want to trade, number of days per week, size of lots and number of lots.

Basically, I wanted to develop a tool that traders could use to determine how many pips they needed to earn each and every day to reach their annual income goal. So, for example, you could enter a goal of $100,000 and find out that you need to earn 40 pips per day to reach that goal. The default settings are for regular sized lots (100k or $10 per pip), trading 50 weeks a year for 5 days a week.

So what if you want to change those settings? Enter the advanced options. Below is a short summary on each of the advanced options and how you can use it to tweak your personal pip goal plan.

* Trading Weeks Enter the number of weeks per year you want to devote to training. The default is 50, assuming you are planning two weeks of vacation. Feel free to play with this though. For example entering 40 would tell you how many pips per day you need to earn if you take 12 weeks off per year!

* Trading Days Similiar to trading weeks above but for days. This # is per week. The default is 5, assuming you take the weekend off. Want to take Fridays off? Enter in 4. Want to work the Japan session on Sundays? Enter in 6.

* Dollars Per Pip I put this one in mainly for mini-account traders. The default is for regular sized lots of 100k ($10 USD per pip). So for example if you have a mini-account of 10k and a pip is worth 1 USD you can enter 1 here.

* Lots per Trade As traders get more advanced they tend to use the same strategies but with more lots. So for example instead of 1 lot they trade 2. It basically doubles the amount of losses or gains that you sustain. Here you can change the # of lots that the calculator is working with.

Forex trailing stop loss strategy

Forex trailing stop loss strategyForex Trailing Stop Loss Strategy

In today forex faq, we are talking about stop loss and below is the question from one of our fellow traders.

Do you think trailing stops are good for short term intra-day trades?

In case some of you do not know what exactly trailing stop loss is, let me spend some time to go through this. I bet you guys have heard of stop loss and I hope all of you have been using it in your trading so far.

When we are using stop loss, we are actually fixing it to a particular value. As for trailing stop loss, it is a variable quantity that will move as your price continues to move in your favour.

For example, you place a target profit at 100 pips. Alternatively, you can place a trailing stop loss at the 100 pips value and then set it at 20 pips. What happens later is when the price hits your target of 100 pips; the trailing stop loss will be activated.

If the price retraces back 20 pips, you will be stopped out which means that your profit will be 80 pips instead. However if the price continues to move in your favour and hit example 150 pips, your stop loss will now be raised to the 130 pips level which means that you are now making additional 30 pips as compared to your original target of 100 pips.

If the price moves to 200 pips, your stop loss will now be at the 180 pips level. If the price retraces back to the 180 pips level, you will be stopped out but you are making additional 80 pips.

Now let us come back to the question above. Trailing stop loss is only effective if you are talking about setting it at 20 and above pips. If your trading method can lock about 80 pips and above, I will suggest you to use trailing stop loss.

If you are simply scalping the market for 15 to 20 pips, it will not be that effective. However you can give it a try for one month to see if you are making more money with trailing stop loss or not.

Above is simply my personal opinion and for those of you who has the experience of using trailing stop loss, do feel free to give your comment below as it will be valuable to others here in this community.

Number of pip vs lot sizes

Number of pip vs lot sizesNumber of Pip Vs Lot Sizes

A lot of forex robots boast its number of pips it can make as the basis of the how efficient their product is. It can be a basis of how well you can do to in trading but in reality, its not really not the number of pips a trader can make money. Its the lot sizes that you trade that really matter.

You can make a 4000 pips a day but it is not a basis of your winning. Even if you get a few pips a day but still you can receive a big return because of the size of their lots. Some even aim for a 15 pips a day with no less than 65% win ratio. Just make sure that you have your money management spreadsheet.

Click Here to Download A GREAT Trading Tool and Strategy For FREE

Thread scalping

Thread scalpingThread: Scalping - Risk/Reward 1:1

Join Date Sep 2008 Posts 158

I like scalping because it fits my personality. I want a minimum of 25-30 pips a day, 5 days a week. The method I'm creating works well with this. You don't necessarily have to watch the price action every second you're there to trade. I do other stuff like watch TV with the wifey, browse the web, you can do almost anything as long as you are near the computer and can check it on the regular. And remember, if you miss a trade, there's another one forming in the near future

My average scalp gain per trade is approximately 10 pips, depending on the market. Therefore I could set my Reward side of the ratio at +10. But, I've had another thought on this Risk/Reward side of trading

Say if our risk is at 2% each trade, 10 pips including spread, why not use a Trailing Stop without a Target Profit. This would remove the restriction of only gaining a potential +10 pips, and would open the possibility of larger gains while still risking the same 2%

To me, the Risk is the most important componant here. Why limit yourself with a +10 pips Reward on a short term scalp method if there's potential for more. Using a Trailing Stop will still protect our gains. Why not scrap the Target Profit, or 'Reward', side of trading ?

Thoughts anyone ?

MP, still studying your last posts. Will come back with thoughts/questions

Pips and profits

Pips and profitsPips and Profits

What is a Pip?

When you are into weightlifting, the common lingo of performance is pounds:

"I bench pressed 150 pounds today."

When you are into forex. the common lingo of performance is pips.

"I made 150 pips profit on my last trade" or "My trade was stopped out today and I lost 85 pips."

Ok, so what is a pip?

Pip is short for "percentage in point" or "price interest point," and it is the smallest incremental price move that a currency pair can make. It's the last decimal point in exchange rates or currency pairs . Depending on context, this is normally one basis point 0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY .

It is easy to see with examples.

Here is a 4-digit broker example:

Note: With 4 digit brokers, this last decimal point is 0.0001 for most currency pairs, and 0.01 for Yen based currency pairs. The spread is 2 pips (1.3504-1.3502=2) on this Admiral Markets demo. If the EUR/USD moves from 1.3502 to 1.3503, it would have moved ONE PIP.

Trade Sample on EUR/USD: