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' !

USD/JPY - SELL 2 lots @ 106.74 + 10 pips profit

Hello again my friends,

Today is Monday and today was another great day in forex. Here of the moment: USD/JPY.

Here is the chart for Order moment:



Perfect setup. W%R dropped under the line than retraced. EMAs crossed, MACD down, TL broker.
SELL 2 lots @ 106.76

And now, chart for the closing order moment:



Less than 15 minutes.

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

I told you it was a great day. I was here and that's important. But I'm sure there will be plenty more signals for everyone :)

Happy PIPpin' !

USD/CAD long time no see - Profit day

Hello my friends,

Today was a great day. I had to run after I placed the trade and I didn't have time to update the threads and website with new profit and images of the trade.

So bellow you will find the first picture of the entry moment and second the complete trade:





Almost perfect setup. Why "almost" ? Because the TL was missing and that gave me some bad feelings. usually when a TL is not present there is more uncertainty and if you look now at USD/CAD the market turned the price down and now we can think that at that point with yesterday's high will form a TL for tomorrow or later today.

Entry: 9.00AM GMT: BUY 2 lots @ 1.0146
Time of trade: Aprox 15-20 minutes
Target hit: 1.0156

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

Great day

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' !

USD/JPY - SELL 2 lots @ 107.76 + 5 pips profit

Hello my friends,

Today's trade USD/JPY
Here is the chart:



Perfect setup, slow movement.

Entry: SELL order 2 lots @ 107.76
TIme of trade: 30 minutes (too long)
Exit: 107.71

Profit: 5 pips x 2 lots x $10 per pip = $100

Finally it turned to be a good trade, even if I've been waiting for 30M candle to close and even if price went in correct direction. I'm satisfied with today's trade and hope everyone enjoys this great strategy.

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' !

CAD/JPY - BUY @ 103.66 w/ 2 lots / 10 pips profit

Hello again my friends,

I took a risk and broke one of my own rules about not trading before 6GMT :D I recovered what I missed this week. Here is the trade I took minutes ago:



00.30GMT: 2 EMAs crossed
1.00GMT: Price broken the RegChan and TL closing above
2.00GMT: Price makes MACD turn UP, and retraces receiving confirmation from W%R going bellow -20 level.
Perfect Setup ! (I was here, too tempting :p )

Entry:
BUY 2 lots @ 103.66
SL: 103.63 - 10 pips - 3 spread = 103.50 (never reached)
Time of trade: 15 minutes
Target reached: 103.76

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

That's all for today, I don't have to think about other trades till tomorrow. Or maybe I will trade if a perfect setup will show up.

Happy PIPpin' !

EUR/USD - Sell @ 163.62 / 10 pips profit

Hello my friends,

Today was another great day in Forex, because EUR/JPY did it again.

Here is the chart of the trade:



14.30GMT: Price broke the TL and RegChan. Close under them. 2 EMAs cross. MACD still up.
17.00GMT: Price turns MACD down. W%R still bellow -80. We wait for a retrace.
17.30GMT: Price retraces, W%R above -80. No resistance found at lower EMA.
Perfect setup !

Entry: SELL 1 lot @ 163.62
Target: 163.52
SL: 163.75 + 10 pips + 2 spread = 163.87 (too far to be reached at this level)
Target reached in 5 minutes.

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

I attached also the big picture of the chart to see the origin of TL and how it came to present day with RegChan. You can notice that at some level price broke again the TL and RegChan, upper direction but it hit the upper band of RegChan than dropping down again.



Happy PIPpin' !

CAD/JPY - BUY 2 lots @ 104.58 / 10 pips profit

Hello again my friends,

It seems the market got some speed and here I am with a new trade for today.

CAD/JPY - base pair for my strategy gave a good signal and got me another 10 pips profit.

Here is the trade:



So, what do we have here:
5.00GMT: Early in the morning CAD/JPY made the 2 EMAs to cross and more it broke the white TL.
6.00GMT: Price turns the MACD up and closes above the RegChan, BUT the W%R is way above the -20 level, so we wait for a retrace
6.30GMT: Retrace happens, W%R confirms and didn't cross RSI, MACD still up and more price closes above the RegChan (that's good, because RegChan acted as a Support)
Good Setup !

Entry:
BUY 2 lots @ 104.58
Target: 104.68
SL: Too Far to bother place it, because at this point price don't have the power to move bellow the RegChan, it need at least one pullUP in order to fall so the entry was perfect.
Time of trade: 10 minutes

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

Comment: Why didn't I place a Stop Loss ? Because the market, as a living entity built on fundamental rules of gravity, needs to gain some altitude in order to fall and at this level (small) we can play with movements and get our 10 pips per day without headaches. And more, the price found support at RegChan upper band. As you can see, the candle that ended after our 10 pips profit it's a remarkable reversal one.

Happy PIPpin' !

EUR/JPY Day - profit added - 10 pips

Hello my friends,

Today was another great day for trading in Forex using my strategy.

Here is the picture of the trade:



5.30GMT: Price breaks the RegChan and white TL and closes above them.
7.00GMT: Price makes the 2 EMAs to cross for the first time, but MACD is still down.
11.30GMT: Price makes the 2 EMAs to turn for the second time, MACD is still down but it shows optimism to turn up.
12.30GMT: MACD turns up, W%R is UP, we wait for a retrace of the price and watch closely the W%R indicator to go bellow -20.
13.30GMT: Price retraces, MACD still up, W%R retraces bellow -20 and didn't cross with RSI.
PERFECT Setup !

Entry: BUY 2 lots @ 163.00 (another sign that we can enter without problems is that price retraced exactly to 163.00 that acted as support)
Target: 163.10 (reached)
SL: 163.00 - 10 - 2 (spread) = 162.88 (never reached)
Time of trade: 25 minutes

Today's profit: 10 pips x 2 lots x $10 per pip = $200

Another pair that gave a signal was EUR/USD but I got only 3 pips from that one because trade was taking too long and I got out "flat" with those 3 pips in profit. (It happened @ 12.00 GMT)

That was all for today.

Happy PIPpin' !

CAD/JPY - SELL @ 105.42 w/ 1 lot / 10 pips profit

Hello my friends,

Today was a great day for trading. Either if you traded CAD/JPY or GBP/JPY was a great day.

Here is the trade for today:



So, what do we have here ? It's called CAD/JPY. The pair that helped me discover this strategy.
Here is the trade:
3.00 GMT: Price breaks the Regression Channel
6.00 GMT: The 2 EMAs cross and same time break the TL
7.30: MACD turns down, W%R stays above -80 level
Perfect Setup !
Entry: SELL @ 105.42 w/ 1 lot
Spread: 2 pips
SL: 105.42 + 10 pips + 2 spread = 105.54
Target: Reached in 10 minutes
Success !

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 @ 1.9934 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' !

FLAT Day - EUR/JPY Failure - USD/CAD - Profit !!

Hello my friends,

Today was a flat day.

Here is the chart for Losing trade:



Everything was ok:
EMAs crossed at 09.00 GMT
10.30 GMT price breaks the RegChan and MACD turned up
11.00 GMT price retraces, W%R confirms.

Entry:
11.00 GMT: BUY @ 159.56 with 1 lot
SL: 159.42 - 10 pips + .02 spread = 159.30 or max 30 minutes
Target: 159.66
FAILURE !
Stop loss never reached. CLOSING the trade after 30 minutes without result.

LOSS: 159.56 - 159.44 = .12 = 12 pips x 1 lot x $10 per pip = $120


Here is the chart for winning trade that almost canceled the loss:



Signals:
10.30 GMT: EMAs crossed
12.00 GMT MACD turned down
12.30 Price breaks the RegChan and closes under it. W%R gives the confirmation for entry with that retrace.

Entry:
12.30: SELL @ 1.0224 with 1 lot
SL: 1.0233 + 10 pips + 2 pips spread = 1.0245 (never reached)
Target: 1.0214 - Successfully
Time of trade: 5 minutes

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

So, what I've learned today ? That I should wait for a Trend Line to Exist along with the RegChan. In first case no valid points for TL were found. So, next time I better wait for at least 2 points to trace a mini-TL to confirm with the RegChan. USD/CAD trade had a TL as a support for that range move in the morning

Thanks 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.

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' !

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 :)

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' !