[quote] pipmistress posted: Hi, I think what you need is a strategy that will only target for few pips, my average target pips was only, 10~25pips, even small pips can give you a living especially when every pip cost $10. Try a strategy that would give you sure profit of 10pips a day, and i think it is not very tough to get. Focus on one currency pair, and study naked trading. Please check my blogspot, I put my strategy there and I am planning to post daily analysis there this week to help Newbie traders. With practice and understanding to my analysis, i know i can help them. [/quote] ......

[quote] I recommend you to read some books about the market microstructure and market making if you want to play high-probablity bounces, for example Beat the Dealer book, just google it. [/quote] Thanks for all the advice....will grab the book today. Randall

[quote] TheForexFox posted: Lower your lots to 2.00 shoot for quick 10-20 pip profit [/quote] why not use 3-5 pips and 5 lots? isn't that more conservative and reliable than going for so many pips? i have tried chasing larger pips before in day bars, so now using smaller grabs seems more reliable. yesterday i made a misatke, trading during a news event "and" late. the difference between live and paper is sometime spretty large, mentally. thanks for the input!

DrVodka. you post is not clear to me....my stops atr 10 pips. Are you saying widen them to 15 pips or?

@Splexin, thank you (!!!!) for your response and the critique is welcome from somone willing to take a look at my account record! Last year, I was trading day bars. I would use the same method every time. I am very good at following rules and my system. I looked and looked and could not find a reason for why my system worked and then didn't. Maybe the volitility was too much for the system. I think you are right about getting out too soon. I like to bank proifits, and maybe that cost me in the long run. I took several months off and worked a half hour bar system to my liking. I used forex ......