GBP/USD SELL @ 1.5327 + 10 pips profit

Hello again my friends,

I'm very busy this period because I have great plans for me and Forex in 2009.

Here is the trade for today:

GBP/USD:



All conditions were met.
SELL @ 1.5327
Time of trade: 15 minutes
Target hit @ 1.5317

Profit for today: 10 pips x 1 lot x $10 per pip = $100

There were few signals these days but I didn't have time to trade and share. Maybe some of you caught them.

See you soon.

Happy PIPpin' !

GBP/USD SELL @ 1.8471 + 10 pips profit

Hello again my friends,

It seems markets started to move a little since Buffet bought $5Bn of shares on Wall Street so I must thank him for this because we had another great trade today.

Here is the chart:



We are talking about GBP/USD, the pair that gives most of signals and profit on my strategy.

Entry: SELL only 1 lot @ 1.8471
Stop Loss: Didn't have time to set it
Target HIT in less than 5 minutes.

Profit: 1 lot x 10 pips x $10 per pip = $100

Why I entered with only 1 lot ? Because there was no TL broken. I wanted to be careful and I was right. Break of RegChan and a 38.2% Fibonacci (draw in Daily) level.

GBP/USD ranged in the past days, but today that situation ended fast. Let's hope more signals will follow next week.

Tomorrow is Friday so be careful, it will be very tricky.

Happy PIPpin' !

GBP/USD - Buy @ 1.8500 + 10 pips profit

Hello again my friends,

Today was another great day in Forex, but I didn't have the chance to catch the moves because my ISP had some upgrades, but I had to draw the charts and post it for people to believe in this strategy.

Here it is:



Great move from GBP/USD.

Entry:
BUY @ 1.8500
Time of trade: 15 minutes
Target hit @ 1.8510

Profit from this trade 10 pips x 2 lots x $10 per pip = $200

There will be more to come this week as the market calmed down a little bit.

Happy PIPpin' !

GBP/USD Buy 2 Lots @ 1.9818 + 5 pips profit

Hello again my friends,

Today's tradeS were a little tricky because there were 2 taken by me and one of them is still open and I'll explain why:

First is GBP/USD:



Because of the pattern that formed at entry point I decided to use only a 5 pips profit target for this pair.

Entry:
9.30AM GMT: BUY 2 lots @ 1.9818
Target hit in less than 5 minutes: 1.9823 (than price retraced a lot as I thought)
Profit from this pair: 5 pips x 2 lots x $10 per pip = $100

Second pair is USD/JPY (tricky one):



Well, this pair gave a perfect signal, BUT the price went a little crazy.
The important thing is that the SL was never reached. I was not lucky to have 0 spread today and I had 1 and price bounced from my target of 5 pips so I decided if the price won't hit my SL to stay in market until my target is hit and right now I'm open with SELL order with 2 lots since 107.80

So target is: 107.75 and I'am pretty sure will be hit soon because of the momentum that gave Yen power to drag all pairs down.

I will get back with screenshot from profit-moment.

Happy PIPpin' !

GBP/USD Sell 2 Lots @ 1.9898 + 10 pips profit

Hello my friends,

It was a extraordinary day in Forex and I hope some of you caught the move :D

GBP/USD



Peeeerfect setup !
11.00 GMT: Sell order 2 lots @ 1.9898
SL: Never hit
Target hit in 10 minutes. 1.9888

Profit for today:
10 pips x 2 lots x $10 per pip = $200

Happy PIPpin' !

GBP/USD Buy 2 Lots @ 1.9963 + 10 pips profit

Hello my friends,
I didn't take any trade today but a friend of mine reported the following trade:



Sell 2 lots @ 1.9983
Exit @ 1.9953

Profit: 10 pips x 2 lots x $10 per pip = $200.

Comment for the trade: My friend took the trade with some risk, because MACD bars were down for some time and it's very risky. From my point of view I don't enter the market for such signals because are not perfect so I better wait for the Right moment.

Happy PIPpin' !

GBP/USD Sell 2 Lots @ 2.0027 + 10 pips profit

Hello my friends,

Today was another great day in Forex, hero is GBP/USD and here is the chart:



Perfect setup, even if the MACD turned up and down again. It happened at the right hour and moment and I was there. That's important, to catch the moment.

Entry: Sell 2 lots @ 2.0027
SL: 2.0035 + 10 + 1 spread = 2.0046 (never hit)
Target hit in less than 5 minutes: 2.0017

Profit for today: 10 pips x 2 lots x $10 per pip = $200

And that's all.

Happy PIPpin' !

GBP/USD Sell 2 Lots @ 1.9915 + 10 pips profit

Hello my dear co-traders,

GBP/USD is a remarkable pair that gave a great profit today.

Here is the chart:



Perfect setup, all indicators in our favor.
Entry: SELL 2 lots @ 1.9915
Time of trade: 3-5 minutes
Target hit: 1.9905

Profit for today 10 pips x 2 lots x $10 per pip = $200

Fast and smooth.

Happy PIPpin' !

GBP/USD Buy 2 Lots @ 1.9657 + 10 pips profit

Hello again my friends,

This day started extraordinary and the hero of the day is GBP/USD.

Here is the chart of the trade:



Setup was perfect.
Order: BUY 2 lots @ 1.9657 (6.00 AM GMT)
SL: 1.9649 - 10 pips - 0 spread = 1.9639 (never reached)
Time of trade: 20 mins
Target hit: 1.9667

Profit for today:
10 pips x 2 lots x $10 per pip = $200

That was all for today, hope you got it :D

Happy PIPpin' !

GBP/USD @ 1.9561 BUY + 10 pips x 1 lot Profit

Hello my friends,

Today was another great day in forex, like yesterday as you saw in perfectsun's post.

Here is the trade for today (GBP/USD):



Setup:
10.00 GMT (12.00 platform hour): I moved the Reg Channel to make a tighter range. At closing of the bar the candle closed a little above the RegChan but not very much. Also MACD turned UP. The 2 EMAs were already crossed.
10.30 GMT: Candle hits the RegChan and price retraces a little. W%R gives the signal for a good entry point.
At this point I took some risk because the price didn't break the RegChan. So I places a strong SL and that was it.

Entry: BUY 1 lot @ 1.9561
SL: 1.9561 - 10 - 1 spread = 1.9550
Time of trade: 5-10 minutes to reach target

Profit: 10 pips x 1 lot x $10 per pip = $100

That's all for today.

Happy PIPpin' !

GBP/USD @ 1.9871 SELL + 10 pips x 2 lots Profit

Hello my friends,
I am back for today's trade, it was a real success and as I wanted, I recovered the loss from yesterday's failure and added some more profit because of perfect setup that happened earlier today.

Here is the chart:



I placed a Trend Line (green) between 2 important points (see the chart).
Early in the morning the 2 EMAs crossed very shy, around 2.00 AM GMT
Then,
6.00 GMT: Price breaks the RegChan, but not the TL, and also MACD turned down
6.30 GMT: Price breaks also the TL
(Please notice how TL and RegChan "work" together - this means no angle between them and their levels must be taken into consideration very serious.)
7.00 GMT: Price retraces and W%R confirms by going above the -80 level
Isn't this Setup Perfect ?

So, we enter with confidence:
7.00 GMT: Entry, SELL Order with 2 lots @ 1.9871
Target: 1.9861
Time of trade: approx 5 minutes
Target reached !!!

Profit: 10 pips x 2 lots x $10 per pip = $200 (-$40 from yesterday) = $160

That was all for today. Huh ! So much hard work :)

See you tomorrow !

And Happy PIPpin' !

GBP/USD @ 1.9795 Sell - Failure (Learn)

Hello my friends,

Today wasn't such a great day, because GBP/USD tricked us :D. But I'm sure you will learn something new from this experience.

Here is what happened:



7.30 AM GMT: Price breaks the RegChan and TL and turns the 2 EMAs (please notice that TL made a big angle with the RegChan - that's not quite good)
8.00 GMT: MACD turns down and W%R above -80 level

Entry: SELL @ 1.9795 with 1 lot (because W%R didn't retrace but continued after a small retrace so I better be careful - and more the big angle between TL and RegChan)
SL: 1.9819 + 10 pips = 1.9829 OR max 30 mins (or at the end of next candle after entry)
Target: 1.9785 (never reached)
Time of trade: 30 mins (exit at close of the candle)

Loss: 1.9795 - 1.9799 = - 4 pips x $10 per pip x 1 lot = $40 pips

Well there were only 4 pips loss or $40. I will recover them for sure in the next days.

Happy PIPpin' !

GBP/USD @ 1.9934 SELL + 10 pips Profit

Hello dear friends,
Today was another great day in Forex. GBP/USD made a real move few minutes ago so here is the chart for today's trade:



and to see a nice TL together with old RegChan:



So, the signals were clear:

6.30AM GMT: Price breaks the TL and an old RegChan and also makes the 2 EMAs to cross
7.00AM GMT: Price closes bellow the recent RegChan, but MACD still Up
8.00AM GMT: Price turns the MACD down, W%R retraces above -80 level
Perfect signals.

Entry:
8.00AM GMT: Sell @ 1.9934 with 1 lot
SL: 1.9955 + 10 pips + 1 spread = 1.9965
Target: 1.9924 (reached)
Time of trade: 4 - 5 minutes

Profit: 10 pips x 1 lot x $10 per pip = $100

Thank you and happy PIPpin' !

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' !

GBP/USD @ 1.9827 SELL + 10 pips x 2 lots Profit

Hello dear friends,

Today was another great day in Forex market. Specially for me and for those of you who trade using my strategy.

Here is the chart for today's trade:



So, as you can see the 2 EMAs crossed twice today until price set a trend.
At 3.00 GMT in the morning price got out of the Regression Channel.
At 7.30 GMT price broke the mini-trendline.
At 8.00 GMT MACD turned down and also made the retrace that we needed to enter. W&R above -80 level so perfect Setup.
8.00 GMT: SELL 2 lots @ 1.9827
Target: 10 pips until 1.9817
Stop Loss: Too far to be reached :D
Time of trade: 10-15 minutes

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

That was all for today, I'm satisfied with profit made this week. I might stay away from the PC tomorrow but if I see some opportunities I might take advantage.

Tutorial: How to respect the strategy and keep your SL

Hello my friends,

It was a terrible start of the week the the main pairs ranging all day.
So, what I am about to show you today is a part of my strategy and why I respect it so much and Why is important to respect any strategy.

You will see bellow a mini-movie I captured today specially for this Tutorial because I want to point out the importance of Williams %R crossing RSI at a possible signal moment:



So, as I stated before I don't trust the market when W%R crosses RSI. Why ? Because it shows changes in minitrends.

So if I were a greedy trader I would enter in LIVE account when W%R retraced and crossed RSI(because all other signals were good: macd, crossing of 2 ema, price above ema) but I respected the rules of my strategy and I'm just happy because in DEMO, in the video above someone would have lost $520 USD. I'm happy that I saved my money and now I expect more signals.

REMEMBER: Always respect your strategy, keep your Stop Loss INTACT, don't move it lower or higher hoping for a better trade, don't waste your money with false thoughts and emotions, keep steady and strong on your principles.

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' !

GBP/USD @ 2.0044 BUY Failed because pattern

Hello friends,

I expected things to happen after 6-7AM GMT and at 8.00AM GMT GBP/USD made a move.

In the following lines I will explain how some candle patterns help us to stay away from getting fried.

First here is the chart of the movement:



At 7.00AM GMT a signal was created and entry was almost perfect at that time. 2 EMAs crossed, MACD was up, price broke the RegChan, W%R retraced...but too much. And more, the price formed a candle pattern that is well known as a Graveyard Stone and it means there is a possibility for the price to reverse (but at this stage it can't reverse too much) so this is the best time to wait for W%R to cross RSI again UP but bellow -20.

If you were to wait a little you would save 10 pips (from stop loss) and catch a better smoother move. I rather prefer to pay attention to this kind of stuff than to be stressed because price went against me. I don't even think the price breaks my rules as long as I respect them

I places "Check" symbols where you had the chance to enter again without problems and take 10 pips for sure.

So, I think this lesson teach many people that patterns can be taken into consideration in many different situations, time frames or pairs.

See you tomorrow !

Excellent EUR/USD and GBP/USD trades + 20 pips profit

Hello my friends,

Yesterday was a Divergence day (for EU and GU) so I was out because I don't trade divergences during these times :)

So, as I said yesterday, here, someone got friend yesterday because of those divergences and and you see the price didn't go down as it should and from there many people lost many pips :)

But today, was a extraordinary day because both EUR/USD and GBP/USD gave at the same hour in the same time signal to enter Short. Here are the trades:

and



What do we have here ?
EUR/USD and GBP/USD charts, all indicators on our side, the entries were:

EUR/USD SELL @ 1.5585
Time of trade to reach target: max 10 minutes
Exit @ 1.5585
Profit: 10 pips x $10/pip = $100

GBP/USD SELL @ 2.0295
Time of trade to reach target: max 15 minutes
Exit @ 2.0295
Profit: 10 pips x $10/pip= $200

So I recover the lost day of yesterday.

Why did I enter on 2 pairs and not with 2 lots ?
Because there was a higher chance to wait more after only one pair than on both and this way if a pair goes against me I have the other pair as support and cover loss.

Anyway, as you can notice, my strategy gives signals for trades that last max 10-15 minutes, so stress is minimum :)

Thank you and see you soon.