Hello again my friends,
Today was another great day in Forex. Today's hero: USD/JPY.
Here is the chart:
Also the video of the trade:
I moved the RegChan because I was searching for a better channel.
Signals:
2 EMAs crossed after the big drop 12.00 GMT
MACD turned down also at 12.00 GMT
And after 1 hour we got a retrace W%R confirmed at 13.00 GMT
Entry:
13.00 GMT: SELL @ 101.13 with 1 lot
SL: 101.14 + 10 pips = 101.24 (never reached)
Target reached in 3 minutes: 101.03
Profit: 10 pips x 1 lot x $10/pip = $100
That was all for today. It was a weak week.
Happy PIPin' and relaxing weekend :)
The law says: Everyone should be able to make 10 pips/day at the right moment on the right pair !
11 April 2008
10 April 2008
GBP/USD @ 1.9744 SELL + 10 pips x 2 lots Profit
GBP/USD was today's best trade. Great move.
I moved the RegChan today for GBP/USD and as you can see the TL was there, near the RegChan. Pretty nice, ha ?
Signals:
2 EMAs crossed
Price broke the RegChan and TL at 16.00 GMT (with the same candle - pretty strong signal)
MACD turned down at 16.30 GMT
W%R retraced at 17.00 GMT
Entry:
17.00GMT: SELL @ 1.9744 with 2 lots
Time of trade: 3-5 minutes
SL: "nevermind" price hit the TL and closed bellow so that was clear for the next move - direction DOWN
Target: 1.9734
Profit: 10 pips x 2 lots x $10/pip = $200
Happy PIPpin' !
I moved the RegChan today for GBP/USD and as you can see the TL was there, near the RegChan. Pretty nice, ha ?
Signals:
2 EMAs crossed
Price broke the RegChan and TL at 16.00 GMT (with the same candle - pretty strong signal)
MACD turned down at 16.30 GMT
W%R retraced at 17.00 GMT
Entry:
17.00GMT: SELL @ 1.9744 with 2 lots
Time of trade: 3-5 minutes
SL: "nevermind" price hit the TL and closed bellow so that was clear for the next move - direction DOWN
Target: 1.9734
Profit: 10 pips x 2 lots x $10/pip = $200
Happy PIPpin' !
08 April 2008
EUR/USD @ 1.5715 SELL + 10 pips profit in 5 minutes
Hello my friends,
After almost a week of "holiday" I'm back with today's trade. It was a little risky but 1 lot worth it :)
Here is the chart:
11.30 GMT price broke the mini-TrendLine and the RegChan. (I attached a detailed picture to see the trend line), but MACD was still positive.
12.00 GMT price turned the MACD to negative and also made a little retrace and the risky part was that W%R wasn't clear above -80, was at -80.51 and that meant I broke my rules to enter a trade.
I am aware that when I broke my rules I might end losing that trade and the possibility to lose is HUGE, but that's part of the game and fun :) Now I was lucky, next time I better be more careful because we expect volatile times :D
12.00GMT Entry: SELL @ 1.5715 with 1 lot
Target: 1.5705
Stop Loss: 1.5735 (maybe that why I entered, because price closed UNDER the RegChan and I was almost sure that price will move at least 10 pips in that direction for at least 10-15 minutes)
Time of trade: 5 minutes or less
Profit: 10 pips x 1 lot x $10/pip = $100
Well, that was all for today, I'm out for fitness hour.
Happy PIPpin' !
After almost a week of "holiday" I'm back with today's trade. It was a little risky but 1 lot worth it :)
Here is the chart:
11.30 GMT price broke the mini-TrendLine and the RegChan. (I attached a detailed picture to see the trend line), but MACD was still positive.
12.00 GMT price turned the MACD to negative and also made a little retrace and the risky part was that W%R wasn't clear above -80, was at -80.51 and that meant I broke my rules to enter a trade.
I am aware that when I broke my rules I might end losing that trade and the possibility to lose is HUGE, but that's part of the game and fun :) Now I was lucky, next time I better be more careful because we expect volatile times :D
12.00GMT Entry: SELL @ 1.5715 with 1 lot
Target: 1.5705
Stop Loss: 1.5735 (maybe that why I entered, because price closed UNDER the RegChan and I was almost sure that price will move at least 10 pips in that direction for at least 10-15 minutes)
Time of trade: 5 minutes or less
Profit: 10 pips x 1 lot x $10/pip = $100
Well, that was all for today, I'm out for fitness hour.
Happy PIPpin' !
Subscribe to:
Posts (Atom)