50PipsFX

About

Hi! Most of you will know me from Twitter where I started to post FX trades, market commentary and the odd rant. The latter being done through an account called @50Pips, as my stated goal was to try and book an average of at least 50 pips per day, on trades called live on Twitter. Those that were there for the first year or so will remember…

However, I no longer call live trades for a number of reasons that I have already discussed both on twitter and in the webinars. This is primarily because I do not want to promote the idea that this is easy, I do not want to be responsible for reckless interpretation of trades and overall, because I prefer to try and get traders to think for themselves and be self-sufficient.

I am a full-time, self-trained trader and am not recommending any positions, I am simply commenting on flows, momentum, set-ups and odds for whoever is interested. For those who would like in a bit more detail on my experiences and views on trading, you can always listen to some of the recorded interviews > LINK.

I don’t believe in get rich easy schemes or easy money, especially not in the markets. Trading and especially FX, is extremely hard work and requires a lot of dedication… let me say that again, it’s extremely hard work and requires a lot of dedication. However, if you get hooked, it’s one of the most challenging, rewarding and addictive things out there!

I hope you enjoy my posts, stay safe in the markets and may the pips be with you!

  1. I saw the Bird and Fortune clip at least a year ago. It’s good to revisit and realize that things have actually gotten worse not better :-(
    Thanks for your ‘thoughts of the day’ and for sharing your knowledge I do enjoy your posts.

  2. Thank you Abby and I agree.. quite sad really…

  3. Nice site, happy to link back to you from mine, check it out at Day Trading and Forex
    Cheers
    Mark

  4. Hi, am a newbie and i would like to follow your trades

  5. Hi Sam, thanks, just follow on twitter http://twitter.com/50Pips

  6. Hi, am a newbie too, follow you on twitter every day, like the way you trade, try to learn from your calls. Thanks and keep doing this good job.
    Sorry for my bad english, am a german :-)

  7. Hi 50 pips.

    I thought I’d stop by your blog to offer you my thanks. I really appreciate your insight into the forex world via Twitter and have great respect for you sharing your talents with us ‘Newbies’.

    I’m fascinating in learning Forex properly and Twitter has proved invaluable for me to be able to “learn the ropes” from people like yourself.

    Thank you very much.
    Kevin :)

    • Hello Kevin, thank you so much for you note, I really appreciate it. It’s great to here that I have been able to provide some insight to you. May the pips be with you!

  8. Thanks for sharing your thoughts on Twitter. Youve saved my trades with your comments on more than one occasion. Ive been trading for 2 yrs but not become consistently profitable yet. The struggle continues!

  9. Could not leave him to do, to leave a comment about the excellent work you do and also for sharing your business with members of Twitter :-) grateful to your kindness!

  10. Thank you 50 pips for your right-on twitter postings. I have just recently starting following them and found that they have been profound, witty and generally very useful for someone like myself trying to be consistently profitable in Forex trading. It would certainly be nice to be able to afford to take my wife on vacation once in awhile! lol…I enjoy helping other people also, but I do not have your expertise in this field. Again, thanks a bunch and please keep up your marvelous postings. Your the man!

  11. Hi 50,
    Thanks so much for the weekend webinars and daily posts.
    Since you follow the ES, thought you might be interested in the youtube vids from “Mr. Topstep”. These guys work 10 feet away from the S&P Futures pit; they have a paid service but also post daily free comments that I believe are very useful for FX traders who seek an overview of the markets. Twitter handle is @mrtopstep Todays post link is

    http://www.youtube.com/user/optionmonstertv#p/u/1/6FKw0XuiVP0

    Mark
    Vancouver BC

  12. Hi 50pips,
    I am trading since 6 years and learnt almost everything available on internet and to be honest I am still losing,,Its been more than month I am following you on twitter, and I am studying each trade or signal you recommend, and following your live recommendation as well attending your webinars which really helped me a lot. Many professional traders sell there course and do seminars who clam that they are helping others but I never felt from them that they are really helping, they know what they are giving or teaching its incomplete, I think you understand what I mean by incomplete. They never teach with there heart. But you, you really doing it with your heart to help others…thanks man, thats so nice of you.
    I really hope to understand and learn more and more from your webinars and trade recommendations :)

    • Thank you very much for your kind words Khalid. I am just trying to help out and if indeed you feel this to be the case, then mission accomplished! Thanks.

  13. Hi 50. NicTrades put me onto your blog, twitter feed and Sunday night webinar. From what I have seen so far, it looks awesome! Keep up the great work. Thanks for giving us your views on the markets. I hope to learn a lot from following your work.

  14. Greetings–
    Are you the same 50pips from the forums?
    Either way, I will try to catch you Sunday.
    Cheers

    • Hello, no I am not on any forum, so it’s not me ;-) Hope to see you there, if you can’t make it, I also post the recording on the blog. Have a nice weekend.

  15. Hi, Fifty
    Good morning
    Would you agree to elaborate a little about your EU call this morning (around 07GMT) ? TIA
    There isn’t any hurry.

    Best regards
    BBF

    • Sorry but that was not a Fib play, using some proprietary support and resistance cycle lines for that. But it’s in a bigger long move > I will post the chart as soon as I get a second… but will be in the next hour or so…

  16. Hi 50,
    I am trying to figure out your tweets. You started the session (Aug 27) with “long euro into london” the next post was “euro trying to flush stops into london” ,then “$eurusd flushes stops into London, needs to push back above 2720s and hold for bullish momo or pressure will remain…”, next post is “1/3 off euro long”, the post that has me confused is “shorts keep it tight don’t get stubborn …” Can you tell me what you mean? Were you short another pair? Also, what size stop were you using? Thanks for your tweets and videos – they are always very interesting and sometimes amazing! :-)

    • Hi thank you for your comments.

      I longed euro and unless you see me close, the position is still open, currently 1rd closed the rest running… the other comments I make can be general and not only related to my trade or also answering questions I get that may not appear on you stream…

      I am simply trying to provide commentary and an insight to my trades, as some people find this useful but I am not making trade calls or recommendations.

      Not sure if this helps but if you attend the webinar on Sunday I can try and clarify if you ask again ;-)

  17. Hi, Fifty
    Would you mind describe / explain what was “the” plan with the EU this Friday ? TIA

    Perhaps during the Sunday webinar ?

    Best regards
    BBF

  18. Hi 50
    In this “dog eat dog” world of trading, its refreshing to be able to have such an experienced view on your sunday webinars thats free of charge and really for the benefit of all. Keep it up and lets stick it to those “pros” out there!

  19. Just started following .. nice clean blog and I appreciate your effort. Are you in the UK? Just curious. Cheers from the USA.

  20. Finally got to listen to your Sunday live show. Very informative and has me hooked. Thanks again.
    Gratitude

  21. 50,
    Curious if you have heard of Currensee’s Trade Leader Program? Any interest?

    • Thank you for your note Michael, I heard of it a while back but to be honest, I am not really familiar with it, so not in a position to comment.

  22. I’d like to introduce you to the Trade Leaders Program. I think it fits well with your other product offerings. Please let me know if you want more information. You can view http://www.currensee.com to get an overview.

    • OK, I see, thank you very much for the link. It seems like an interesting concept and program, however, not one that would be of interest to me personally. Thank you once again for the link. All the best, 50.

  23. Hey 50pips,

    Love your work mate, its very encouraging to see what you’re doing, especially with the videos.

    One question I have in relation to the videos is can they be downloaded at all and if so how?

    I spend alot of time waiting in traffic or public transport and would like to watch your videos on my media player.

    Regards,
    Tim

  24. hey thank you for this great site .. i recognize you using fxpro on some charts i see their tag.. there is many bad behaviour from them they almost scared me and my friends out of forex.. so please explain why you using it

    • Hello, I am not promoting or endorsing any broker as you will see at the top to the screens, it’s a DEMO platform which I just use for charting.
      That’s all.
      All the best,
      50

  25. Hi 50pips, I am trading since 6 years and learnt almost everything available on internet and to be honest I am still losing,,Its been more than month I am following you on twitter, and I am studying each trade or signal you recommend, and following your live recommendation as well attending your webinars which really helped me a lot. Many professional traders sell there course and do seminars who clam that they are helping others but I never felt from them that they are really helping, they know what they are giving or teaching its incomplete, I think you understand what I mean by incomplete. They never teach with there heart. But you, you really doing it with your heart to help others…thanks man, thats so nice of you.I really hope to understand and learn more and more from your webinars and trade recommendations
    +1

    • Thank you very much for your kind comments and I am happy if you feel it of value to you. Please note that I am trying to point out important levels, possible setups and guide newer traders but I am not recommending trades, that is up to you ;-) Thank you once again and see you in the webinars!

  26. Hey 50 – mad love for your tweets. where do you actually trade?

  27. Great site! I’m looking forward to explore your charts and webinars! thanks, ivan

  28. Hi 50pips, I am trading since 6 years and learnt almost everything available on internet and to be honest I am still losing,,Its been more than month I am following you on twitter, and I am studying each trade or signal you recommend, and following your live recommendation as well attending your webinars which really helped me a lot. Many professional traders sell there course and do seminars who clam that they are helping others but I never felt from them that they are really helping, they know what they are giving or teaching its incomplete, I think you understand what I mean by incomplete. They never teach with there heart. But you, you really doing it with your heart to help others…thanks man, thats so nice of you.I really hope to understand and learn more and more from your webinars and trade recommendations +1
    +1

    • Thank you for the kind comments and for following. I am glad that you are finding it useful. Please not I am not making g trade calls or recommendations, just commenting on levels, odds and momentum. Have a great day.

  29. About time I thanked you for the daily “thoughts” – they are first call for the day’s preparation routine. Thanks for all your efforts and generosity – much appreciated!

  30. Hey 50,
    I notice you have been responding on twitter to some (obvious) complaints about the method of your tweets (i guess some “traders” need you to spoon feed them). Anyway, I have you on my followers as well but to garner some of your insight rather than to have you “give me a trade”. I think what is confusing to them, is the fact that your tweets often are more opinion rather than insight..such as “the 4500 level still attracts” even though it seems clear at that moment that price is heading in the opposite direction with some momentum. My suggestion is that in these types of environments maybe no tweet is better than something that cannot be fully understood by the masses.

    Just a thought.

    Mappos

  31. GM 50P,
    First off thank you for the very informative webinar (recordings) and chart postings, and off course your running commentaries on twitter. Follow them with great interest and joy (yesterday’s little rant :D)

    I partly agree with Mappos, about the spoonfeed ;) but don’t let it stop you, plenty of people will take them for what they are, very valuable insights.

    Nother question then, you seem to be at it every day, often during US market also. I was wondering if this is because your daily 50pips require lots of time or is just the excitement of being right and playing the markets in general (ie an addiction ;)?

    My daily goal is set to 13ish pips, just missed a pop before Frankfurt open, but that would have been it for the day.
    I’m just starting out, and (still ;) have a dayjob so couldn’t be at it all day if i wanted to.
    (did it for a few months on the futs though a few years ago, very tiring but screentime is required)

    But it seems part of the attraction to me, getting up, catch a few pips early and have the rest of the day off (or even week if you’re lucky), the freedom to do so…

    Anyhow, once more thanks a lot for the blog, the charts and the comments, oh and the video’s, certainly your last one on differnent styles same trade makes an awfull lot of sense :)

    Cheers,
    zootallure

    • Hello and thank you for the note and your kind comments.

      *Nother question then, you seem to be at it every day, often during US market also. I was wondering if this is because your daily 50pips require lots of time or is just the excitement of being right and playing the markets in general (ie an addiction ;) ?*

      This is my job ;-) of course a passion too but i am here from London open to close or 08,00 to 19,00… a normal day in the office ;-) Noting special, nothing to do with excitement just running my p&l ;-)

      Have a great weekend and thanks again!

      50

  32. Hi 50pips,
    I am trading since 6 years and learnt almost everything available on internet and to be honest I am still losing,,Its been more than month I am following you on twitter, and I am studying each trade or signal you recommend, and following your live recommendation as well attending your webinars which really helped me a lot. Many professional traders sell there course and do seminars who clam that they are helping others but I never felt from them that they are really helping, they know what they are giving or teaching its incomplete, I think you understand what I mean by incomplete. They never teach with there heart. But you, you really doing it with your heart to help others…thanks man, thats so nice of you.
    I really hope to understand and learn more and more from your webinars and trade recommendations

    +1

  33. Hi there 50, been here for a week, pretty impressed by your un complicated methodology…using simple support, resistance,trends, fibs & round No +mid point psych levels.
    Top notch analysis backed up with vids, charts & live tweets- 6 days a week (sun) & juggling trading your own account- kudos to you sir!
    Heartfelt thanks for your generosity in time & effort.. a true beacon across the volatile forex seas.
    Truly appreciated.

  34. Dear Sir!
    You know how big respect you have got amongst traders, especially beginners. You are a very experienced trader and you mention you are a mentor. Your influence on new traders are huge. I always think if you know how much harm you do for them (and, yes! for you as well) with your unnecessary comments like ” shorts cautions here”. You are sometime wrong like all of us… Today you have mistaken about 60 pips.This is more than 50 pips. Have you ever thought about it? I know you can write ” just don’t follow me” but is it really the best answer?
    PS. I am really impressed by your way of trading and knowledge.

    • Dear Jacek, thank you for following and thank you for your comment. let me try and give you a detailed answer:

      I always think if you know how much harm you do for them (and, yes! for you as well) with your unnecessary comments like ” shorts cautions here”. // I may be wrong but it seems to me you took a trade based on this comment and got in trouble… “Shorts Caution” is not a trade call, it is just a cautioning that we are approaching support or that bids are coming… I’ll leave it at that…
      You are sometime wrong like all of us… // I am often wrong, I never claimed to be right all the time and my followers know this and I also discuss this in my free webinars… I have been wrong before and I will be wrong again, I do not have a crystal ball….
      Today you have mistaken about 60 pips.This is more than 50 pips.// I have no idea what you are talking about as I did not make any trade call or recommendation… if you interpreted my comments as a trade, sorry but your issue, I say all the time that I am not making calls…
      Have you ever thought about it? // A LOT and that is why after calling all my trade live for over 12 months, I stopped doing it, precisely to avoid having to have conversation like these…

      Again, I am sorry for you if you got into trouble trading but you have to accept accountability for your own actions… All the best,

      50

  35. Is it possible to make a small text interview with you? It will be published on my Forex blog.
    Looking forward to hearing from you

  36. Hello
    Please explain what do you mean by ”rewarding” here?

    “”However, if you get hooked, it’s one of the most challenging, rewarding and addictive things out there!””

    Best Regards

    • Hi, you could also read it as ‘gratifying’.

      The comment is mainly meant in an emotional context here… even if the point can be made from a monetary perspective too, however, this depends on the ‘size’ each trader can actually trade responsibly.

      Hope this helps.

      All the est,

      50

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