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' !

EUR/USD 10 pips profit x 2 lots / Another great day

Hello my friends,

Today was a great day as I expected. EUR, GBP and USD made beautiful moves. So here is the chart for today's trade (EUR/USD):



Signals:
Regression Channel was broker early in the morning at 00.00 GMT
2 EMAs crossed at 8.00 GMT
MACD turned up at 9.30 GMT
At the 4th MACD bar W%R hardly retraced to -20.23 level so that was good
Price aboce 2 EMAs

Entry:
11.00 GMT: BUY @ 1.5641 with 2 lots
Target: 1.5651
Time of trade: 3 minutes :D
Profit for today: 10 pips x 2 lots x $10/pip = $200 USD

GBP/USD gave a early signal at 7.00 GMT when it broke the RegChan but when price retraced it closed again IN the RegChan so I prefer to forget about it and look for other opportunities on other pairs (like EUR/USD :D )

That was all for today.

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' !

Divergence that can "kill" you ! Be smart, stay put !

Hello my friends,

I would like to get your attention with this, because it happens many times and many traders lose high amounts of money.

You have bellow 2 charts: EUR/USD and GBP/USD which formed a important divergence:



This scenario is very known to many of you and you will say "this is the time to enter short and catch a big move". Here I will say: "STOP" !
This is what the Big Guys want you to do, to waste your money in a hurry. Let other traders that don't know this kind of things to get fried :)

So, you can wait very simple for MACD to turn down and confirm with 4-5 bars the trend in that direction and tomorrow you can catch the profit from a fair signal.

Just be careful and let the price oscillate till it gets tired :D

Happy PIPpin' !