MarkMMckenzie
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In regards to the original post I make on average using my model 41 pips per week over a 48 week period.
secondly, and fortunately, there are a handful of forum members who are genuine, look for the ones that make trading calls before they trade e.g. look at Leovirgo, Forex Day Traders Thread and BBmac. They all however suffer from forum tarts like arabiannights and other teenagers who try high jack threads, I suppose this reflects society as it is today, they are no longer driving around in saxo's and standing on street corners with hoody's but now have broadband!!
This thread is more like pappadums,beer and vindaloo without the blue chilli.
So blue chilli post some live account statements of hundreds of pips a week.
This is silly, he wasn't playing 'mine's bigger than yours', his *mistake* was to post this post/thread in the wrong section. On reflection had Chilli handled it better the responses would have been more empathetic. Agree with Dinos' point above...good to see you back btw Bud
Gets my vote for worst thread of the N Y...easily.
so, as a demonstration what sounds better, the fact that this account made 128 pips or the fact that it made 25% ROI??
hmm, i think ROI is more important than pips but call me inexperienced.
maybe you should re-title this thread. "how much ROI do you make per week on average?"
Having read the whole thing, I still can't understand what the purpose of this thread was, or why number of pips matter to anyone.
Unless you haven't discovered money management of course.
Hey Pippy, BC was not talking about you. Your thread is duly mentioned here. [But only after my name ]
Hi Blue Chilli,
I don't trade forex but I aim to make between 10-30 points per day. This is very short term day trading(spread betting) on certain markets etc.
I have tried many approaches and most either don't work or are far too risky.
My approach is hard work, learning and putting the hours in. In all honesty, when I first started trading, around 3 years ago, I used to take much more then 10-30 points a day but I was simply 'rolling a dice' which in turn always ends in tears.
Through compunding I generate a better stake and roll it over. Its not rocket science and I do take losses from time to time but the approach is small points but often.
I hope this helps.
Hey Pippy, BC was not talking about you. Your thread is duly mentioned here. [But only after my name ]
Ever heard somebody post " the mounties farted this morning , so euro /usd has support at 1.4400,some lunatic released from a mental institution was posting it "
?? no I have not..lol...anyway.. what's going on with Eur/Usd today. I'm long at 14410 but don't understand the price action unless it is one of those days of 'EUR/USD will finish on a low 200 pips below high and then reverse all the way on Monday..who knows?
Though the mounties blew wind , it not work in supporting Euro/usd.
The Greece problem is pushing Euro lower.
http://www.reuters.com/article/idUSLDE60E1A920100115?type=usDollarRpt
10-30 pips per day consistently (in my view is more than adequate)
BC, don't you think that ANY mount of pips per day consistently is 'adequate'? Obviously taking into account spreads/comms etc.
you make positive pips consistently per day then you'll be rich (might take a few years) but yes ANY pips per day is good as long as consistent