What are some good ways to make 100+ pips per month consistently?

[mrbrint]

Generally from my stand point no limits should be placed on how much you can make only what you are willing to risk. Some days I make 30 pips, some days I lose. Some days I make 100 pips, 70, 50. As in the link it is all about the equity curve.

[davidjohny]

Hello All

I know a Trade Setup
Its Only able to give you

+5 pips per trade in EUR/USD pair

and

+4 pips in USD/JPY pair

Some of you may Call me Sculper or anything you like
But my philosophy is that What good a Trade setup is if you can not able to get +5 pips from a single trade.

In My past I used to trade all types of things. Like Intra-day, Position trading,when you lose double your Lots every time Gamblers Strategy ;-)

But I think this is the One I am looking for.

I love to trade with EUR/USD due to spread Plus in MINI Forex Account
1 pip= 1$ so by trading in EUR/USD pair and catching +5 pips means +5$

With 10 Lots X 5 pips = 50pips or 50$ in MINI
With 10 Lots X 5 pips = 50pips or 500$ in Regular


In USD/JPY first its less +4 second 1pip in MINI Forex Account is not equal to 1$ in USD/JPY pair.

Anyway I used to get some +5 pips round about 1 to 3 times in a Day.
I am not greedy and I do not want more than 5 pips in a single trade.

Moreover the Success rate of this Trade Setup is almost 99% WIN
all the times.

There are some simple rulez to follow to keep you stay out from Fake signall

So If you get only +5 pips a day then roughly you able to get +100 pips in a Month easily. I also used to open 10 Lots get some Good Profit as I always Fire for +5 pips only and I never change my limit. Even I know that Market is going to move to some +60 pips.

Stop Loss: I never Used a Stop loss as I never loss a single trade so far. Market some times only move to some -10 and then came back in my favour. Anyway Just for a protection I used -20 as a Stop loss which never hits as far as My experience.

I know some of you might not agree with me for my Stop loss strategy but its working fine with me.


bye
-david
Email: davidjohny@yahoo.com

[ycomp]

cornell, thanks for the info... I'll check out your journal


davej: interesting post... how many trades have you done using this method and over what period?

[GBPUSD TRADER]

Interesting strategy David, how do you determine your entries and exits?

[bagovino]

Pivots are by far THE BEST way to trade. I started using a pivot system on 1/9/06 (10days). I only trade 2 to 4 hours a night (London session open). So far I have 260 pips made. Not to mention the market has been VERY unpredictable as of late. I placed 18 trades total. 16 winners, 1 loss, 1 break even. So thats 94% winning trades!

I dont know many people with stats like that! Do yourself a favor and study all you can on pivots!

Billy

"Big Pippn', Makin' G's"!

[ibvr2004]

Trade 50 lots and take profit at 2pips!

[bagovino]

Sure... If you have the money... Hell, buy 100 lot for 2 pips then!


Billy

[GBPUSD TRADER]

Originally Posted by bagovino

Pivots are by far THE BEST way to trade. I started using a pivot system on 1/9/06 (10days). I only trade 2 to 4 hours a night (London session open). So far I have 260 pips made. Not to mention the market has been VERY unpredictable as of late. I placed 18 trades total. 16 winners, 1 loss, 1 break even. So thats 94% winning trades!

I dont know many people with stats like that! Do yourself a favor and study all you can on pivots!

Billy

"Big Pippn', Makin' G's"!

Hi,

I know all about Pivots, can you please tell me how do you determine your entries and exits based on pivot points? thanks in advance.