2 Pips Per Day

[ElectricSavant]

The market has no idea and does not care about your goals and condition...you must trade the market not your condition.

You want to take as much as the market want to give you correct?


Michael B.

 

[forex-forex]

Formula:

Reward:Risk = Limit:Stop = 2:1 = 100pips:50pips
Reward:Risk = Limit:Stop = 3:1 = 150pips:50pips

 

[dunitlongpole]

ok, meaning I should let my profits run instead of cutting them off at 2 pips?

 

[ElectricSavant]

damn...your good...exactly ...but this is on the EUR/USD

you need about a 75 pip stop loss...

Quote from forex-forex:

Formula:

Reward:Risk = Limit:Stop = 2:1 = 100:50
Reward:Risk = Limit:Stop = 3:1 = 150:50

 

[ElectricSavant]

noooo.... your not listening

Quote from dunitlongpole:

ok, meaning I should let my profits run instead of cutting them off at 2 pips?

 

[dunitlongpole]

Quote from ElectricSavant:

damn...your good...exactly ...but this is on the EUR/USD

you need about a 75 pip stop loss...

So the ratios would be 2:1 150:75 and 3:1 225:75 , am I right

 

[ElectricSavant]

react to the market and quit quoting all these niceities to me...you have been visiting too many forums young man...

cliches do not work...

 

[ElectricSavant]

good...


yes...i would try the second one...now you must get your entry method...

try for at least a 35% win rate...

Quote from dunitlongpole:

So the ratios would be 2:1 150:75 and 3:1 225:75 , am I right

 

[gwac]

Ya 2 different Financial Institutions.

Quote from ElectricSavant:

hew gw...20 years wow! Full-Time?

I have respect for somebody in this that long!

 

[ElectricSavant]

you guys all crowd around the bloomberg don't ya! gw...