[amarnath]

Originally Posted by Akash

Well, I used a 15 min chart for the GBP and it gives great results. Even today, you can see that already, price has crossed the line twice- once at 9.00 AM GMT and then at 11.30 AM GMT. The first time it gave over 20 pips and the second time is still going on and it has already given 60 pips. And, this is just GBP. Price crossed the line on USD/CHF and USD/JPY, throwing 100s of pips at everyone's disposal today . Let's just say that if you were a scardy cat like me and took only 3 pips per trade then you would've made 12 pips by now and it's only 1.32 PM GMT right now . I think anything over 10 pips a day is great for a beginner.



I totally agree with you Kako, left is definetely the known area, while on the right you do not know what the next second is going to bring your way. I will be testing this throughout the week, and will post the results coming weekend. But, one thing's for sure that if you stay glued to the screen and just take 3-5 pips per trade, and keep a s/l of say 10-15 pips, then too you would make a decent amount every day (as a beginner ).

Rockin' Tradin'
-Akash

Hi Akash,

10 pips a day is certainly looks too good for a newbie but to target 10 pips what will be ideal stop size
. Taking 3 pips with risk of 10 - 15 pips is certainly a Grade A type mistake of newbies unless you know what are you doing