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It is very simple why 10 pips will fail and i have explained it many times. But every time I do explain you turn around and say no! no! we aim for 50 or 100 pips. So I don’t think I understand what aiming for 10 pips is with you. You take 100 pips in one trade or take 10 pips in a trade...

The both of you resort to insults its interesting. Do you feel threatned? i am simply sharing my views and you have nothing better to comment then insults? Or maybe because you feel I expose how much you really know about this and you feel threatened? I am sorry if you have a hard time...

Haha brilliant, Having a mandatory pip stop is meaningless? let me tell you now with that comment you will find your trading will never succeed for you. If your stop changes every trade you take, and i guess this is the same for your profits, you will allow certain losing trades to...

Please make up your mind, so you are now say you will not take a trade for 10 pips profits? Please explain how 10 pips a day is even relevant then. from what i gather you are saying you aim for 50 or 100 or more, and then you just say "great i made at least 10 pips today" are you serious?

Isnt this whole thread about aiming to make at least 10 pips a day? so now you guys agree that making 10 pips is not sustainable for the future?

This comment shows your lack of understanding. if you aim to take a 10 pip profit yes you need a 3 pip stop if you are going to sustain this for the long term. a stop higher then this makes your risk reward not worth it unless you are correct 80% or more of the time. So you say you will...

I do not know much about futures so can not comment there. But given your example of losing maybe 20 pips in 1 day and making 50 pips in another day, trading like this i agree can lead to sucess. I see no problem with a ratio like that however that is not aiming to make 10 pips a day lol...

Thats good to hear, beacuse i promise you aiming and closing trades at 10 pips profit will only cause you grief in the long run!

Yup, that is fine the 10 pips is a goal you aim for. However if you decide to close out that trade on 10 pips therefore meeting your goal, my point is that this trade was not worth it. Beacuse if tomorrows trade loses more then 10 pips or in fact if any trade happens to lose more then 10...

Slowly we may be getting somewhere. Great you will close trades out for profits greater then 10 pips. But hang on? Now we are not aiming to make 10 pips a day are we? In fact we are aiming for more? 20 to 50? or even more, so actually why ever stop your winning trade at 10 pips...

I I am trying to have a conservation simply giving my opinions. This last post and others you decide to insult and patronize me. Seems you may be getting a little annoyed? You must close a trade for a loss at some point and that loss is more then 10 pips, hence your losses wipe out...

If you are refering to making 300 pips in one day here then that isnt aiming to make 10 pips a day is it? If you mean 300 days making 10 pips each day, and you get it wrong 290 days then you lose huge amounts of money by your own money management rules.

Do you actually read what i post? Or just see what you want to see? It is you that assumes to know what the market will do with your ability to be correct 250 days without a single loss. And by your own post earlier you allow the market to run from you without a stop, so i wonder how big...

I sense a very negative and defensive attitude towards this. Is it your book that recommends this strategy? So you can make 10 pips a day every day for 250 days? Without ever taking a loss? Wow you probably the world’s best trader to perform like that. That is incredibly impressive...

Painful..., Again you completely misunderstand. Kind of explained this in my first post. So you risk 5 pips in the forex. Which means you must set a stop of 5 pips from your entry. Now you have a spread of 1 pip so that’s 6 pips. So the market moves more then 6 pips from your...

I dont think you completely understand what i am trying to say. Or maybe it is just you choose not to. I really dont know what the 26k/year has to do with anything but ok. If you take losses greater then your profits you lose money. not difficult to understand. The strategy that you...

Hi Icarus, Sure I agree with you completely. It is very easy to make 10 pips day but this allows the market to move away from you by much more then 10 pips. It is near impossible to make 10 pips and not have the market move more then 10 pips from when you enter. So why is this...

You can make it for work for 30 days sure, but i come back to my point of a strategy that is sustainable. As you say that you do not use stops what happens in the next 30 days? or weeks or even years when you take a loss of 300 pips? completely wiped out in 1 trade 30 trades. How can you be...

I think you completely misunderstand the situation. In order to be a successful trader you must have a strategy that will provide you with consistent returns? A strategy that is sustainable agree? So with this in mind you must have something in place that will over time provide you with a...

And here lies the fundamental problem. If you allow the market to move 20 points against you how do you know then it may not move further? maybe 50? or even 100? at some place you must have a stop that is consistent. You can not hold on forever in hope to get those 10 pips? You obviously do...