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How many pips a day ?
Členem od Dec 28, 2013
160 příspěvků
Feb 25, 2019 at 08:01
Of course, my intention was to say that 30 pips stop loss is good for day trading in H1 time frame.
Členem od Sep 12, 2015
1933 příspěvků
Feb 25, 2019 at 13:20
niceGLer posted:
Of course, my intention was to say that 30 pips stop loss is good for day trading in H1 time frame.
Most of my stops on eur/usd are 10 pips or less but I been trading this pair for awhile ,what I do is let it move 20-30 pips beyond its indicator say its trading near the 50 DMA ,that normally clears out most stop hunting.
"They mistook leverage with genius".
Členem od Feb 22, 2011
4573 příspěvků
Feb 25, 2019 at 13:35
It is indeed good thing to use SL/TP
It is not good thing on insisting to make xxx pips profit each day.
This may result in loss or avoidance of trading plan
It is not good thing on insisting to make xxx pips profit each day.
This may result in loss or avoidance of trading plan
Členem od Apr 06, 2018
242 příspěvků
Feb 25, 2019 at 13:49
I use volatility based ATR stop loss instead of fixed pips.my take profit pips also based on ATR. For example for EURUSD my STOPLOSS pips are from 40pips to 100pips based on current volatility.
The market will trade through it’s path of least resistance .
Členem od Feb 25, 2019
10 příspěvků
Feb 25, 2019 at 13:49
OK but what is typical amount of pips profit that a pro trader will make? 10pip , 100pip ? It would be good to know how far from making money I am
Členem od Nov 19, 2018
4 příspěvků
Feb 26, 2019 at 13:09
They all trade in different time frames and each of them have set their limit in taking profits for a day.. so ask yourself how many pips do u think u can get daily...that should be yours..
Členem od Sep 12, 2015
1933 příspěvků
Feb 26, 2019 at 22:28
AharonGorion posted:
OK but what is typical amount of pips profit that a pro trader will make? 10pip , 100pip ? It would be good to know how far from making money I am
Typically 3 times your stop loss ,longer time frames bigger gains.Eur/usd it's around 30-50 pips daily.
"They mistook leverage with genius".
Členem od Sep 12, 2015
1933 příspěvků
Feb 26, 2019 at 22:44
niceGLer posted:snapdragon1970 posted:
If your going to be cashing in everytime you hit 10 pips ,your stop is going to be 3 pips which is way to little ,if its 5 pips stop 1 in 2 trades has to win to break even ,thats without fees ,typical stop for EUR/USD is at least 20-30 pips intra- day.Other pairs are different so do your homework before deciding.
I agree with this. Some sources recommend for scalping 7-8 pips stop loss, but I think stop loss should be more than 10. I agree with 20-30, while 30 is a bit excessive. But in order to prevent a catastrophic flash crash 30 pips is more than Ok in daily trading.
Regarding Scalping one needs to keep it as tight as possible but that takes experience ,it would be less and less ,if you catch the right moment it can be 5 pips stop.Scalping is a great skill to learn and great fun.
"They mistook leverage with genius".
Členem od May 21, 2013
7 příspěvků
Feb 28, 2019 at 15:28
my target is 1% per day, my risk is up to 50% of my current equity.
for lot-ing, i usually use 200-1000 pips resistance; meaning it takes 200-1000 pips movement to reach stop out/margin call.
if i get more than 1% on that day, then i take that as a bonus.
for lot-ing, i usually use 200-1000 pips resistance; meaning it takes 200-1000 pips movement to reach stop out/margin call.
if i get more than 1% on that day, then i take that as a bonus.
jacobs_cooper@
Členem od Mar 01, 2019
13 příspěvků
Mar 03, 2019 at 06:34
50% per day. WOW. you won't last long buddy. That is crazy risk for 1% gain. You should reverse those numbers, 1% risk per day and aim for 50% in a year.
Členem od Feb 18, 2019
11 příspěvků
Mar 03, 2019 at 06:40
1000pip stop loss is crazy. You will surely loss big time one day. That is no trading strategy it is just gambling
Členem od May 21, 2013
7 příspěvků
Mar 04, 2019 at 08:03
Mcross posted:
50% per day. WOW. you won't last long buddy. That is crazy risk for 1% gain. You should reverse those numbers, 1% risk per day and aim for 50% in a year.
thanks, i'll try that
jacobs_cooper@
Členem od May 21, 2013
7 příspěvků
Mar 04, 2019 at 08:03
HumbertB posted:
1000pip stop loss is crazy. You will surely loss big time one day. That is no trading strategy it is just gambling
i think it's depend on lot-ing.
jacobs_cooper@
Členem od Mar 04, 2019
10 příspěvků
Mar 04, 2019 at 15:21
rubbermanzz posted:HumbertB posted:
1000pip stop loss is crazy. You will surely loss big time one day. That is no trading strategy it is just gambling
i think it's depend on lot-ing.
Even with 0.01 Lot you will eventually loss all your money if you use 1000pip stop loss. You may make profit for a month but if the market turns you are finished
Členem od Feb 22, 2011
4573 příspěvků
Mar 04, 2019 at 15:23
(Upravené Mar 04, 2019 at 15:23)
rubbermanzz posted:
my target is 1% per day, my risk is up to 50% of my current equity.
for lot-ing, i usually use 200-1000 pips resistance; meaning it takes 200-1000 pips movement to reach stop out/margin call.
if i get more than 1% on that day, then i take that as a bonus.
These parameters may sound crazy to us.
But still he is making money with such setup.So why not, as long as he profited more than deposited.
Členem od Mar 04, 2019
4 příspěvků
Mar 06, 2019 at 12:49
Long thread but an interesting read for me.
Členem od Feb 11, 2019
27 příspěvků
Apr 01, 2019 at 10:24
very interesting thread :) some great advice here
Členem od Feb 22, 2011
4573 příspěvků
Apr 02, 2019 at 07:16
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
Členem od Nov 03, 2018
52 příspěvků
Apr 02, 2019 at 13:26
(Upravené Apr 02, 2019 at 13:57)
togr posted:
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
i never put a target on a trade .
i follow the trend if i decide well then there is no such thing then 10 pips a day .
i never put a % on mij trade bij month of corse i am not scalping ;
my trades run hours or even day s. i am trend trader
for % by month is variable some times 10% sometime 20% en EVEN 80%
en i trade al pairs when they are ready to trade
so i wiat en let the trade come to me .
not chasing the market .
like the most are doing .
everybody whants to scalp
but that is specialist work .
not for the beginner .
i have now 13 orders on 13 different pairs .
i trade to make money not to be right
Členem od Apr 02, 2019
9 příspěvků
Apr 03, 2019 at 05:51
togr posted:
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
So your target is a 5% increase in your account per month? You are a very very experienced trader but I thought that pro traders made hundreds of percent a year. Is 5% a more realistic target? If it is then my tiny $1000 account is not big enough to make any significant profits
