100pips a week Trade Calls | Forex Factory

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100pips a week Trade Calls

  • #1
  • First Post: Edited Jul 15, 2018 3:36am Jul 9, 2018 1:36am | Edited Jul 15, 2018 3:36am
Hi,
I will post my trades here for my GBPUSD system, I hope to average 100pips a week. System trades normally at 8am London time with 2 positions, 25pip TP and 50pips TP. Exit any trades pre news. (never advantage holding into news as house edge moves massively in broker favour as spreads go wildly high and fills are disastrous. SL will always get worst fill with chronic slippage and TP get perfect fill. I.e asymmetrical slippage)
Stop loss goes to breakeven on trade2 once the +25pips is filled on trade1. System is manual, I don't use EA. Trades closed at 5pm London Time if SL and TP not met.

I will publish myfxbook to track it.
Stop loss 1.5pips above below latest swing high/lo.
I trade on naked chart, no indicators. I use current trend only and watch for fundamentals very carefully.
Stop loss are placed using lowest lows etc.
100pips a week might not sound much but only 1 pair with low exposure its quite rewarding.
Problem I see a lot of newbies hop from one pair to another. Need to take one instrument and master it.

Beauty about this style is trades are often over inside a few hours, its doesn't require intensive screen time. No much point to be pro trader if you're hogged to a screen day and night. Live your life. Personally I trade anywhere from 500k-$1M dispersed in a mixture of brokers (Spreadbets/ECN/etc) but it can be traded from 1k lots!

Tracker: https://www.myfxbook.com/members/FatFreddie/fatfreddielondontrader/2596267
Fat Freddie London Trader
  • #2
  • Edited 3:23am Jul 9, 2018 2:00am | Edited 3:23am
Buy GBPUSD. 1.3306
Stop Loss 1.32835
TP:25/50

Job done for day. +75pips.(25+50)
Time for massage....
See you all tomorrow.
Fat Freddie London Trader
  • #3
  • Jul 9, 2018 4:38am Jul 9, 2018 4:38am
Quoting fatfreddy
Buy GBPUSD. 1.3306 Stop Loss 1.32835 TP:25/50 Job done for day. +75pips.(25+50) Time for massage.... See you all tomorrow.
Similar to this one in calculation of tp ranges and sls:
https://www.forexfactory.com/showthread.php?t=611673&page=2
Which TF you use and where was the location of the last swing=sl today?
Vucking good EA coder... https://t.ly/AZjRM
  • #4
  • Jul 9, 2018 5:40am Jul 9, 2018 5:40am
Quoting reteid2222
{quote} Similar to this one in calculation of tp ranges and sls: https://www.forexfactory.com/showthread.php?t=611673&page=2 Which TF you use and where was the location of the last swing=sl today?
Don't know this system, so can't comment if similar or not,
Post 2 states SL for today,
I use 30M for trend direction.
Fat Freddie London Trader
  • #5
  • Jul 9, 2018 6:13am Jul 9, 2018 6:13am
Quoting reteid2222
{quote} Similar to this one in calculation of tp ranges and sls: https://www.forexfactory.com/showthread.php?t=611673&page=2 Which TF you use and where was the location of the last swing=sl today?
There you have it no mystery.
Attached Image (click to enlarge)
Click to Enlarge Name: [GBPUSD,M30]_2018-07-09_13-08-29.png Size: 102 KB


Quoting fatfreddy
{quote} Don't know this system, so can't comment if similar or not, Post 2 states SL for today, I use 30M for trend direction.

Were we supposed to place pending orders as your entry bar had closed before the call?
Let it turn and find your entry.
  • #6
  • Jul 9, 2018 6:20am Jul 9, 2018 6:20am
Quoting fatfreddy
Hi, I will post my trades here for my GBPUSD system, I hope to average 100pips a week. System trades normally at 8am London time with 2 positions, 25pip TP and 50pips TP. Exit any trades pre news. (never advantage holding into news as house edge moves massively in broker favour as spreads go wildly high and fills are disastrous. SL will always get worst fill with chronic slippage and TP get perfect fill. I.e asymmetrical slippage) Stop loss goes to breakeven on trade2 once the +25pips is filled on trade1. System is manual, I don't use EA. Trades...
100 pips is plenty if you can make it weekly with a floor at 70 pips and ceiling at 130 pips with the median set at 100 pips then yeh worth a fortune
as u know the secret is in keeping the pips .. everyone can make em but keeping em thats the skill
  • #7
  • Jul 9, 2018 6:28am Jul 9, 2018 6:28am
Quoting dean1star
{quote} 100 pips is plenty if you can make it weekly with a floor at 70 pips and ceiling at 130 pips with the median set at 100 pips then yeh worth a fortune as u know the secret is in keeping the pips .. everyone can make em but keeping em thats the skill
It is when DD is around 150pips.
Fat Freddie London Trader
  • #8
  • Jul 9, 2018 6:29am Jul 9, 2018 6:29am
Quoting Intrepidpips
{quote} There you have it no mystery. {image} {quote} Were we supposed to place pending orders as your entry bar had closed before the call?

you have me lost.
I open at 8am London time. Market order always, take market price.I think you are looking at 9am bar, not the 8am one.
I posted at 8am. Bar opened at 1,3309 but I got 1.3309+1,3306. Price dropped 3 pips in first second of 8am bar.
Fat Freddie London Trader
  • #9
  • Jul 9, 2018 7:20am Jul 9, 2018 7:20am
Quoting fatfreddy
{quote} you have me lost. I open at 8am London time. Market order always, take market price.I think you are looking at 9am bar, not the 8am one. I posted at 8am. Bar opened at 1,3309 but I got 1.3309+1,3306. Price dropped 3 pips in first second of 8am bar.
I disagree, you need to synchronize your Broker/Computer/Local time.
London and Lagos are the same time at the moment and Frankfurt ALWAYS, REPEAT, ALWAYS opens before London.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2018-07-09_14-07-15.png Size: 84 KB
Let it turn and find your entry.
  • #10
  • Jul 9, 2018 7:53am Jul 9, 2018 7:53am
Quoting Intrepidpips
{quote} I disagree, you need to synchronize your Broker/Computer/Local time. London and Lagos are the same time at the moment and Frankfurt ALWAYS, REPEAT, ALWAYS opens before London. {image}
Did i mention London open? No.
Read the post,
8am London Time.
I think i know when 8am in London is, I live in UK.
Fat Freddie London Trader
  • #11
  • Jul 9, 2018 8:44am Jul 9, 2018 8:44am
Forex Factory time stamp clearly shows original post time, which is what I use to check times. On my browser FF time directly corresponds to my local time. This tells me exactly what time post was made.
• My time is US CDT. Post shows 2am (0200).
• US CDT is 6 hours behind London.
• 0200 + 6hrs =0800, unless I'm missing something.
  • #12
  • Edited 5:55pm Jul 9, 2018 5:44pm | Edited 5:55pm
Quoting fatfreddy
{quote} Did i mention London open? No. Read the post, 8am London Time. I think i know when 8am in London is, I live in UK.
So if London Open is not 8:00 am, what time is London Open?
Maybe London and Frankfurt time is now the same as Lagos and London time is the same some times every year?

I still maintain your Entry bar was before 8am London time my screenshots are clear enough, Except your part of the UK is 1 hour ahead of London but if it isn't maybe you are relaying some borrowed calls?

Quoting diamonddbw
Forex Factory time stamp clearly shows original post time, which is what I use to check times. On my browser FF time directly corresponds to my local time. This tells me exactly what time post was made. • My time is US CDT. Post shows 2am (0200). • US CDT is 6 hours behind London. • 0200 + 6hrs =0800, unless I'm missing something.

Yes what you are missing is that the call was given in the middle of a Bearish bar, he posted at 8am quite alright but at that time the preceding M30 bar was bearish. The Bullish bar that could have given a buy signal was @ Frankfurt open.
Let it turn and find your entry.
  • #13
  • Jul 10, 2018 2:08am Jul 10, 2018 2:08am
dude chill out about london and frankfurt opening times, its irrelevant what time they open.
I am not saying its again. Normal time to open is 8am london. Today looks like 830am bar.
Fat Freddie London Trader
  • #14
  • Edited 3:30am Jul 10, 2018 2:29am | Edited 3:30am
Buy GBPUSD 1.3262
SL 1,3221
TP 25/50

+25 banked.
move SL to BE on trade2,

I will exit trade2 preGBP news in 8min,

close trade2 at 1.3292.
Total for day +55, total for week, +130.
off to golf,,,bye
Fat Freddie London Trader
  • #15
  • Edited 3:52am Jul 11, 2018 1:56am | Edited 3:52am
hi lads,
we will be buying GBPUSD this morning at 8am
SL: 1.3247
TP:25/50

I closed this trade for -17pips (-8.5X2)
Trade is reversing and lost momentum.
+116 pips for week.
Awkward day with limited price action.
Trade Explorer and myfxbook links there now.

C ya.
FatFreddie.
Fat Freddie London Trader
  • #16
  • Jul 12, 2018 1:58am Jul 12, 2018 1:58am
buying today at 8am.
Sl: 1.3188
TP:25/50 as usual.

Good luck lads.
Fat Freddie London Trader
  • #17
  • Jul 12, 2018 2:30am Jul 12, 2018 2:30am
thank you ....trades are running for you!
Vucking good EA coder... https://t.ly/AZjRM
  • #18
  • Jul 12, 2018 3:43am Jul 12, 2018 3:43am
Quoting reteid2222
thank you ....trades are running for you!
thanks.
I think i will stop posting end of week. Just do weekly update.
Seems little interest in thread. Maybe everyone else is making more money or something, i dunno.
Will keep TE and fxbook open.
Fat Freddie London Trader
  • #19
  • Edited 6:03am Jul 12, 2018 4:32am | Edited 6:03am
Quoting fatfreddy
buying today at 8am. Sl: 1.3188 TP:25/50 as usual. Good luck lads.
Looking at the currency powers today,
Attached Image

It seems that GBP is not so much more powerful than USD which makes me not trading this pair today. But I like your signals and I am watching your TE.

Good luck!
Matt
Trading is the hardest way to make easy money...
  • #20
  • Jul 12, 2018 6:05am Jul 12, 2018 6:05am
closed for -30X2.
+53 for week.
Need a good friday!
Fat Freddie London Trader
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