CAD/JPY - SELL @ 97.82 2 lots x 10 pips PROFIT

Hello dear friends,

I usually don't trade Firday because it can be very chaotic so 90% of cases I'm out for the weekend since Thursday evening :)

But, CAD/JPY gave a real good signal so I took advantage of it.

Here is the chart and bellow the specs:



Signal:
At 12.00 PM GMT the 2 EMAs crossed
MACD turned down at 15.00 GMT
W%R made a nice retrace above -80 level

Entry:
17.00 GMT: SELL Order @ 97.92 with 2 lots (spread 4)
Stop loss: 98.10 + .04 spread = 98.14
Time of trade to reach target: 10 minutes (because of the spread. if the spread were less than 4 target would have been reached in 3-5 mins)
Target reached: 97.82

Profit: 10 pips x 2 lots x $10/pip = $200

That's all for today. Have a nice weekend. See you on Monday with more signals, charts and stuff. You can find more about my strategy on my website or you can subscribe to my feed to stay tuned with my signals.

Happy PIPpin' and stay tuned for the Third Lesson of Pipology :)

USD/JPY - BUY @ 99.54 Another 10 pips PROFIT

Hello friends,

Today was another good day for trading. There are some things I would like to explain about staying on a trade or not, entering or not on some points.

Here is the successful chart:




Signals:
2 EMAs crossed @ 6.30 GMT
MACD turned up @ 8.00 GMT
RegChan broken @ 8.30 GMT

Entry:
At 9.00 GMT price retraced and W%R gave the signal by going bellow -20 level
Price was above the 2 EMAs
BUY Order: 1 lot @ 99.54
Time of trade: 10 minutes
Target reached: 99.64
Profit: 1 lot x 10 pips x $10/pip = $100

So that was all my trading for today, I have to go now, but not before explaining why I didn't enter on EUR/USD or GBP/JPY.

I attached the 2 charts of those 2 pairs.

Why I didn't enter ? Because W%R crossed with RSI indicator and for me that's not good and the price can move against me. I rather look on other pairs to see any opportunity than to enter with fear or hoping for a good trade. GBP/JPY is a pair where I have 4 pips spread and I don't trust it very much because it can move 50 pips in 10 seconds.

I hope you will understand from the charts.





Happy PIPpin' !

GBP/USD @ 1.9991 SELL + 10 pips x 2 lots Profit in 10 minutes

Hello my friends,

Today was a extraordinary day for trading, specially for me or for my strategy.

Here is the chart (excellent sample for retrace and continuation of a mini-trend):



Signals:
2 EMAs crossed at 10.30 GMT
MACD turned down at 11.00 GMT
W%R retraced as I expected

Entry: SELL @ 1.9991 with 2 lots
Target: 1.9981
Stop Loss: 2.0003 (0 pips spread)
Time of trade: 10 minutes
Target reached: 1.9981

Profit: 10 pips x 2 lots x $10/pip = $200

So, another $200 for today, thanks to GBP/USD.

I will get back later today to explain how long to stay in a trade and when to exit (I will refer to EUR/USD chart from today and what happened at 6.00AM GMT

Happy PIPpin' !

CAD/JPY - SELL @ 98.21 / 10 pips profit x 2 lots

Hello my friends,

Today was a choppy day but a favorable one for my strategy.

Here is the chart:



Signals:
2 EMAs crossed at 12.00PM GMT
MACD turned down at 13.00 GMT
At 13.30 GMT W%R retraced above -80 level
Price under the 2 EMAs
Perfect signal !

Entry: SELL 2 lots @ 98.21
SL: 98.39 (high of closing bar) + 10 pips + 1 spread = 98.50
Exit: 98.11 (both lots)
Time of trade: 25-30 minutes (longer than I expected but profit is profit :) )

So today's profit: 10 pips x 2 lots x $10/pip = $200

That's all for today, see you tomorrow.

Happy PIPpin' !