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Thread: 7 pips per day? is it possible?

  1. #1
    I find it is very interesting if trade EURUSD or even USDJPY with stop loss and trail profit.
    Is it feasible? If possible... please anybody suggest me some system

    Excel file under...


    https://forexintuitive.com/attachmen...9995664718.xls

  2. #2
    You can make 7 pips daily but consider the spread you're spending to get in and from those trades. Maybe two pips to get in and two to get out? Its more like attempting to create 11 pips each day. Additionally, most algos are taking the fat from the short term market. You need a fantastic broker with tight spreads and a backtested system to compete longer term in this space.

  3. #3
    Quote Originally Posted by ;
    Ullic is 100% correct. . You have to trade the market conditions before you. As soon as you get started overlaying personal specific targets you're clouding the lens. There are an infinite number of threads here indiing that isn't the case. They're wrong. Your goal can just be to get the best you can with what's facing you
    I am afraid, the moment you set a limit on your mindset, you miss possible for greater outcomes, dont you think so?

    Keyword for the post was EASY. Easy means easily attainable, in short period of time. And in case of some losses, easily retractable, without too much effort.

    Are you telling me you can't do 7 pips daily as in the name? On some pair? ANY? Even the very flimsy forex pairs moves 20-30 points one day. And there are many of them. 100-200 points every day proceed. In total there is probably cumulative thousand of things on forex market movement a day. And you're telling me it isn't possible to make 7 points a day total out of tens of thousands? Really?

    Of course it is possible! And if yes, the question isn't IF, but HOW? But this requires believing.

    Only because someone neglected or even many collapsed, are you going to take it as a prove of impossibility? Did MJ did his walking because nobody did it? Do you know why black swan event is known by this name? I do not wish to offer motivational address, but with this mindset much better search for a new profession, AI will wipe you out soon.

  4. #4
    Quote Originally Posted by ;
    read what we wrote. . I said nothing about placing a limitation. .
    An easy question: Would you think it's im-possible to create 7 points a day total out of tens of thousands? Yes or Not?

  5. #5
    G
    Guest
    Quote Originally Posted by ;
    quote Are you sure your advice rather than biased and one-sided??? You speak like daily target is sort of evil and pushes a individual to take wrong actions... How about changing perspective and turning your bias around... this manner: Easy daily target allows me to reach small, short-term goals consistently in order order to reach large, long term objectives AND allow me to avoid over-trading by selecting few, best possible entries. Would you see gap?
    Hey mate,
    I don't think I'm biased. It is just my way of approach. Rather than settig daily objectives, I just try to make the most of the current market scenario. I am not saying what is write or wrong, cause particular mind - set suits into a single and it's disaster to another. All I said is what works for me.
    Green pips to each of

  6. #6
    Lots of big talker here discussing how easy it's to reach 7 pips. Someone even said any fool can attain it. Problem is, before 1 can reach 7 pips, how much risk that he or she gont require for that seven pips.

    14 pips for 7 pips ? An individual would fail sometimes and take reduction, it not easy to be consistent, its of understand your chart and be exact in your entrance.

    I would not aim for 7 pips each day, I do perform over 3 lots per trade pair and goal for like gt;20 pips profit. Being playing larger size lot, it tend to create more fear and shut in diminished pip profit compare to people playing 0.1 lot planning for 100 pips.

    Its very easy to dream and compound money, like I keep win this week although that I could lose another week, its happy to withdraw money than deposit money

    Its not as easy, especially for a rookie to be consistent winning.

  7. #7
    Quote Originally Posted by ;
    I find it is very intriguing if trade EURUSD or USDJPY with stop reduction and path profit. Is it possible? If possible... please anybody suggest me some system Excel file under... document
    Are attempting to create 7 pips every day or seeking to typical 7 pips every day over X amount of times?

  8. #8
    Quote Originally Posted by ;
    I find it is very interesting if trade EURUSD or even USDJPY with stop loss and trail profit. Is it possible? If possible... please anyone suggest me some system Excel file under... document
    any fool can get 7pips per day
    if your following 70pips or a few hundred per day then its slightly more difficult, however anything is possible for those who look hard enough to get a method, particularly for only 7pips
    in case you cant get 7 pips maybe a job stacking shelves in tescos would suit you better

  9. #9
    Quote Originally Posted by ;
    I find it's very intriguing if trade EURUSD or USDJPY with stop loss and trail profit. Is it possible? If possible... please anyone suggest me some system Excel file below... file
    Heck, any one, as well as new traders may score over seven pips/day. However, what's the deal with the magic amount posted here? Any reason for the seven?

  10. #10
    More importantly what is your trade sizing? If you are trading a micro or little $100 or $1,000 account then probably 7 pips is Dollar wise. However If You're trading a Huge account and trading across the lines of 10-20 standard lots/trade afterward 7 pips is significant from a Dollar standpoint

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