Tricia M asked:
This is in Forex trading.
This is in Forex trading.
Anyone have a great strategy for 20 pips a day?
February 13th, 2010 · 3 Comments · Best Forex Trading Strategy
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Pip. Pip. Pip. Pip. Pip.
Pip. Pip. Pip. Pip. Pip.
Pip. Pip. Pip. Pip. Pip.
Pip. Pip. Pip. Pip. Pip.
Since the average daily range of each of the 4 major currency pairs is about 104 pips…..20 pips is a very good target to have.
The key comes in understanding pivot points, fibonacci retracements, bollinger bands and consumer sentiment (over bought and over sold conditions). You also need to take a careful look at the times of day that the market is normally most active.
20 pips per day is very doable……..the cost is the amount of time you need to spend staring at a computer screen all day. Personally, I retired from technical analysis once I got a firm grasp on the merits of longer term conservative hedge trading.
Good luck.
Paul
Using the Mtpredictor’s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we’ll straight away post the signals here in real-time if there’s any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That’s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..