How many pips that you get per day?

[noor]

As concern to me, my daily target only 40to 50pips, after i achieve my daily target, I did stop my trading on that day. I think the professional traders care about they can make profit consistently rather than to get a lot of pips.

[forex bro]

EUR/JPY
Daily Pivots: (S1) 101.95; (P) 102.71; (R1) 103.25; More

Deposit climbing to 103.49, EUR/JPY failed to sustain gain and retreated back. Intraday bias is turned neutral for the moment. With 101.81 support intact, another rise is still mildly in favor and above 103.49 will target 100% projection of 97.03 to 102.20 from 99.24 at 104.41. At this point, rebound from 97.03 is viewed as a correction only.

Mine:
Buy at 103.8
Take profit* at 104.28
Stop loss at 103.48

[radex78]

As concern to me, my daily target only 40to 50pips, after i achieve my daily target, I did stop my trading on that day. I think the professional traders care about they can make profit consistently rather than to get a lot of pips.

I think its good make target 40-50 pips , in my view still in reasonable target , and better if we can maintain our performance to get it consistently,though even just 40 pips if always make profit daily for years will be huge money , hard part is we make profit consistently

[andry777]

As concern to me, my daily target only 40to 50pips, after i achieve my daily target, I did stop my trading on that day. I think the professional traders care about they can make profit consistently rather than to get a lot of pips.

That's high pips enough for traders to get 40-50 pips daily. If you can get consistently in range 40-50 pips daily, then you can gain about 800-1000 pips monthly. I think it's great achievement for traders, not all people could realize that. So if you can reach that, it's more than enough for me.

[good guy]

USD/CAD
Sold at 0.9988
Bought at 0.9974
Profit 14 pips

Intraday bias in USD/CAD remains on the downside for 0.9891 support. Break there will resume whole decline from 1.0656 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9757.

[good guy]

USD/CHF
Daily Pivots: (S1) 0.9073; (P) 0.9126; (R1) 0.9166

Intraday bias in USD/CHF remains on the downside for 0.9065 support. Break will affirm the case that rebound from 0.7065 is finished at 0.9594 on bearish divergence condition in daily MACD. In such case, deeper fall should be seen to 0.8567 support for confirmation.

[medulla123]

i didn"t target any pips i only count on my profit and try to maximise the profit i .................................................. .that is a good ideal and notice so i know what a pips and how it should be targeted

[radex78]

Sometime i just focus with my plan , because market movement sometime not support to gain hige profit due movement pair in low pips , so i haven't specific target daily , i just try to maximize profit and minimize losses

[andry777]

It's good to have target profit everyday but I suggest to have range of target not only fixed target. So you can take a look condition of market, if the market is not quite good in your mind then you can leave the market after you reached few profits and reach the lowest target. I targeted 20-50 pips daily in forex.

[pinoycity]

It may be good to have a target number of pips per day but is it necessary to stick with your target all the time? I mean, if you are presented with an opportunity to earn more than what you have targeted, would you not grab the opportunity?

[andry777]

It may be good to have a target number of pips per day but is it necessary to stick with your target all the time? I mean, if you are presented with an opportunity to earn more than what you have targeted, would you not grab the opportunity?

Each decision will give consequences, it is possible to target more than you've targeted in certain day but you must be ready if you can't reach the target because there is sudden movement in opposite direction when you're trying to grap the opportunity. Because of that, it's important to set trailing stop loss if that is possible so you won't experience losses.

[radex78]

I think if we become day trader , better have target in reasonable target not too long , probably target around 20-40 pips is still in reasonable target , but beside we have target profit should consider with risk also , and some trader using risk reward ratio 1:1 or higher

[pinoycity]

Each decision will give consequences, it is possible to target more than you've targeted in certain day but you must be ready if you can't reach the target because there is sudden movement in opposite direction when you're trying to grap the opportunity. Because of that, it's important to set trailing stop loss if that is possible so you won't experience losses.

Well, yeah, it is better to put a TSL in your trade. That can assure you of an earning in a trade even if a time comes when the market goes against you. But I must admin I haven't used TSL yet in my precious trades.

[andry777]

Well, yeah, it is better to put a TSL in your trade. That can assure you of an earning in a trade even if a time comes when the market goes against you. But I must admin I haven't used TSL yet in my precious trades.

Do you mean TSL = Trailing Stop Loss? It's good to use it but you can't use it from the beginning when you're opening position. It can be setted when the movement of price is floating profit for you and you waited the price to TP position. Trailing Stop Loss will be effective if your target profit is more than 30 pips. Lower than 30 pips, it's better to close it manually besides you use TP of course.

[radex78]

USing trailing stop and fixed stop loss has each advantage and disadvantage , in my opinion if use trailing stop with setting 15 pips , possibility will hit stop loss is higher , because if look in 15 minute timeframe price movement uip and down around 20 pips , but its good if in trending market to lock profit

[andry777]

USing trailing stop and fixed stop loss has each advantage and disadvantage , in my opinion if use trailing stop with setting 15 pips , possibility will hit stop loss is higher , because if look in 15 minute timeframe price movement uip and down around 20 pips , but its good if in trending market to lock profit

It is depending on condition of your trading too. If the condition is not floating profit so it is impossible to use trailing stop loss. And it is depending on condition in the market too, if the condition has tendency on trending in one direction so using trailing stop loss will be effective enough.

[radex78]

It is depending on condition of your trading too. If the condition is not floating profit so it is impossible to use trailing stop loss. And it is depending on condition in the market too, if the condition has tendency on trending in one direction so using trailing stop loss will be effective enough.

Yes you right , trailing stop will work fine in trending market but less work in volatile market , in trending market often price move in one direction , although sometime make wave but only small wave ,so trader can maximize profit with trailing stop

[maximu]

..........well for me i wish just get 20 pips a day
but is difficult to keep in one average ////:

[maximu]

..........well for me i wish just get 20 pips a day
but is difficult to keep in one average ////:
thank you

[bulastika]

USing trailing stop and fixed stop loss has each advantage and disadvantage , in my opinion if use trailing stop with setting 15 pips , possibility will hit stop loss is higher , because if look in 15 minute timeframe price movement uip and down around 20 pips , but its good if in trending market to lock profit

That' why its important that you know the pair that you are trading. To put SL you need to check the daily volatility of the pair that you are trading. If its has 200++ pips movement then make sure that your pips SL is 25% of that volatility.