50 Pips a Day Forex Trading Strategy

  1. Identify an Uptrend or Downtrend on the Previous Day.
  2. Identify a Retracement to the Daily Pivot at or around the London Open (8am London Time)
  3. Make Sure Your Daily Pivot is within the .382 and the .618 Fibonacci Retracement Levels.
  4. Optimize Your Entry (50 Pips Take Profit, 25 Pips Stop Loss, 2 to 1 Reward to Risk Ratio)

100 Pips a Day Forex Trading Strategy

  1. Pick 2 pairs and add Daily Pivots. It can be any 2 pairs. We love trading the major currency pairs. Therefore, in our example, we picked the EUR/USD and the GBP/USD.
  2. Identify and set your Entry for both pairs. Look for a Retracement or Double Reversal Pattern at the Daily Pivot, at or around the London Open (at or around 8am London Time).
  3. Optimize your Entry. 50 Pips Take Profit on each pair. 25 Pips Stop Loss on each pair. Reward to Risk Ratio of 2 to 1.

200 Pips a Day Forex Trading Strategy

  1. Pick the right pairs that travel even remotely close to 200 pips a day (i.e. GBPJPY, GBPAUD, GBPCAD)
  2. Look for a Double Reversal Pattern or a Retracement at the Figure Levels or the 50 Levels.
  3. Stop Loss comfortably behind the Reversal Patterns.
  4. Take Profit Target #1: 100 Pips (Next Figure or 50 Level)
  5. Take Profit Target #2: 200 Pips (Next Figure or 50 Level)