20 PIPS a Day Forex Strategy — Transcript

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1. 0:00so you want to make 20 pips a day when
2. 0:03day trading if your lot size is proper
3. 0:06that's enough money for you to live off
4. 0:08of and that's all you want so in this
5. 0:10video
6. 0:10i'm going to show you how to get 20 pips
7. 0:12out of the market
8. 0:13every single day
9. 0:16[Music]
10. 0:18welcome back to the channel everybody my
11. 0:20name is artie and this
12. 0:21is the moving average a show where we
13. 0:23discuss everything day trading
14. 0:25to keep you profitable on a consistent
15. 0:27basis so depending on your account size
16. 0:30if you have a thousand dollar account a
17. 0:31ten thousand dollar account a hundred
18. 0:33thousand dollar
19. 0:34funded account and if you adjust your
20. 0:36lot sizes
21. 0:37properly a successful 20 pip trade will
22. 0:40be
23. 0:40just enough money for you to live off of
24. 0:42your one trade a day
25. 0:44is enough profit to keep you from being
26. 0:47homeless pays your bills pays your car
27. 0:49your insurance your gas your food your
28. 0:51groceries all of that
29. 0:52so let's show you how to get 20 pips out
30. 0:55of the market every single day
31. 0:56okay so right now i am looking at euro
32. 0:58usd on a 15 minute time frame
33. 1:01before we get into exactly where to
34. 1:05enter
35. 1:05and exit to get your 20 pips we need to
36. 1:08look
37. 1:08at your account size and see how much
38. 1:11money you need to make
39. 1:12in order for this 20 pip thing to work
40. 1:15for you so this is
41. 1:16simply like a breakdown of typical
42. 1:19account sizes 100
43. 1:20account size 1 000 account size and 10
44. 1:23000
45. 1:23account size with proper risk management
46. 1:26only risking
47. 1:27two percent per trade so with your risk
48. 1:30at two percent you're only willing to
49. 1:32lose two hundred dollars
50. 1:34per trade twenty dollars and two dollars
51. 1:37depending on your account size
52. 1:38with your profit goal being a minimum of
53. 1:41two to one so we're looking at a minimum
54. 1:44of four percent right here so these are
55. 1:46your profit figures for each account
56. 1:48size you have four hundred dollars forty
57. 1:50dollars and four dollars
58. 1:51so depending on how much you actually
59. 1:53want to
60. 1:54make per day or if this is just a slow
61. 1:57growth thing i mean eventually this
62. 1:59hundred dollar
63. 2:00account with four percent profit goals
64. 2:03per trade will eventually get higher
65. 2:05and you'll be making more money this is
66. 2:07the way that you should be trading
67. 2:09not like i mentioned in my previous
68. 2:11video how to grow a small account
69. 2:12ridiculously fast
70. 2:14so using these figures you need to
71. 2:16determine what lot size your trade needs
72. 2:18to be
73. 2:19in order for that 20 pips to hit your
74. 2:22profit level so i've linked this website
75. 2:25down below it's just
76. 2:27forextime.com but essentially they have
77. 2:29this calculator on here so
78. 2:31you enter your pip amount the currency
79. 2:33pair that you're trading
80. 2:34and then the deposit currency so
81. 2:36whatever currency your account's in
82. 2:38whether it's euro or gbp or usd
83. 2:40so you select that and you adjust your
84. 2:42lot size
85. 2:43to hit your profit number so for that
86. 2:46trade on a 10 000
87. 2:47account for 20 pips you want a profit of
88. 2:50400
89. 2:50so your lot size needs to be two and
90. 2:53again with proper risk management as
91. 2:55that
92. 2:55trade is going in the opposite direction
93. 2:57that you expected
94. 2:59you cut your losses at two hundred
95. 3:01dollars because you're only risking two
96. 3:03percent per trade
97. 3:04so use this calculator take a screenshot
98. 3:06of this so that you can know
99. 3:08how to properly risk manage yourself now
100. 3:11looking at euro usd you can see that
101. 3:14there's 20 pip moves all over the place
102. 3:17for example this would be a 20 pip move
103. 3:20so let's zoom in a little bit closer and
104. 3:22show you what 20 pips actually looks
105. 3:24like
106. 3:25using the measuring tool on the left
107. 3:26hand side let's draw this down
108. 3:29and boom that little nugget right there
109. 3:32i gotta really zoom this in for you guys
110. 3:34to see it this little nugget
111. 3:36right here is
112. 3:4020 pips that amount of space right there
113. 3:4220 pips
114. 3:43so you can see how easy that is to get
115. 3:45out of the market it is a very small
116. 3:47move
117. 3:48in the big scheme of things so i've
118. 3:50drawn a 20 pip
119. 3:52box and now we can see how this works in
120. 3:55our day trading strategies
121. 3:57so again 15 minute chart i'm gonna
122. 3:59adjust the settings on this chart really
123. 4:01quick to show
124. 4:02something really interesting it's not
125. 4:04interesting it's just nice tool to have
126. 4:06when you go to your chart settings in
127. 4:07the fourth option down in appearance
128. 4:10there's this little thingy right here
129. 4:11that says session breaks
130. 4:13if you click that you will see every
131. 4:16single
132. 4:16new day of trading you can see how much
133. 4:19the price moves
134. 4:20in a single day and how small this
135. 4:23little nugget is
136. 4:24see 20 pips huge movement throughout the
137. 4:27day every single day has over a 20 pip
138. 4:30movement
139. 4:31so how do you capitalize and actually
140. 4:33find that movement for the day
141. 4:35that's right you overlay indicators on
142. 4:37your chart so if you
143. 4:38keep your trading view platform at this
144. 4:41view
145. 4:42you kind of get a bigger scope of what's
146. 4:44going on in the market
147. 4:45you're still on a 15 minute time frame
148. 4:48but you can see the nice ebb
149. 4:50and flow of the market and if you've
150. 4:52watched my videos
151. 4:53on moving average trading whether it's a
152. 4:56crossover
153. 4:57whether it's the support and resistance
154. 4:58whether it's continuation of the
155. 5:00momentum on that downside or
156. 5:03upside you can see where your entry
157. 5:06points are
158. 5:07so say for example on this weird day
159. 5:09like you
160. 5:10don't really know where to get in unless
161. 5:12you have moving averages on there
162. 5:14so the day started and it started to go
163. 5:17down so you saw the price crossing down
164. 5:19through the moving average but you
165. 5:20didn't get on a short position
166. 5:22because the previous day you see this
167. 5:24swoop up so you're seeing
168. 5:26bullish momentum so why would you get in
169. 5:28on a short position
170. 5:30so just be patient and wait and it
171. 5:33crossed through it again and you're like
172. 5:34cool that confirms the
173. 5:36theory that i had that we're having
174. 5:37bullish momentum
175. 5:39so we're above moving averages now
176. 5:42creating support
177. 5:43get in on your trade and you got your 20
178. 5:46pips no problem
179. 5:47if you want specific sniper entries for
180. 5:50your trades i have a strategy
181. 5:53that i've made a video on right here i
182. 5:56didn't invent this strategy i just know
183. 5:58a lot about day trading
184. 5:59so watch this video if you want perfect
185. 6:02entries
186. 6:02it doesn't happen every day but it
187. 6:04happens consistently and they are
188. 6:06very very tight stop-loss trades
189. 6:09with high profit ranges so to sum it all
190. 6:12up
191. 6:12you need to figure out what account size
192. 6:15you're starting with or what account
193. 6:16size you have now
194. 6:18how many lots you need to trade whether
195. 6:21they're micro lots or
196. 6:22standard lots use the calculator that i
197. 6:25showed you guys earlier
198. 6:26and figure out how much you need to make
199. 6:30in one trade over trading doing 30 40 50
200. 6:33positions a day
201. 6:34is completely reckless it's better for
202. 6:37you to get your 20 pips in one trade
203. 6:40and walk away for the day like you've
204. 6:41had a successful day
205. 6:43okay bye bye say the next day you lose
206. 6:46with the one to two risk to reward ratio
207. 6:49you could afford to lose
208. 6:50two days in a row and still be break
209. 6:53even if you win the third day that's the
210. 6:56power of proper risk management
211. 6:58so i have a plethora of videos on moving
212. 7:01average crossovers
213. 7:02how to trade different strategies every
214. 7:05single one of them work
215. 7:06if they are implemented at the correct
216. 7:08time frame
217. 7:09and not falling for the fake out which
218. 7:11i've also made a video on
219. 7:13so 20 pips out of the market doesn't
220. 7:15sound unreasonable for anybody
221. 7:17if you guys enjoyed this video and you
222. 7:19got some value out of it i'd appreciate
223. 7:21a big fat thumbs up on this video
224. 7:23and if you have not already consider
225. 7:25subscribing down below
226. 7:27thanks so much for watching and we'll
227. 7:28see you in the next video