EuroYen

I am going to test a few new ideas I have, to extract hopefully many pips from this pair from the daily chart down to scalping off the 5 minute.

Trade 1 Buy @ 160.54

Trade 1: Closed at 11:28 for 5 pips

( it was up many a time to 14 pips ..greed will get me )

Trade 2

Sell @ 160.54 @ 11 32 Stoploss 25

Trade 2

Close for 5 pips

It was up at one stage to 25 ! Sigh Once again greed will get me !

I am happy to report back that my newest strategy for trading the EY has been working very well.

I opened a demo account on the 15th of January, that was 6 days ago and by this morning my balance grew 54%. A $ 10 000 account went to $ 15 5407, trading almost exclusively the EY.

I did the same trades on my live account. It pays to trade and try new things every once in a while.

I will include my statement.

.

Doing a bit of dangerous against the trend scalping now.

Buy @ 153.03 @ 11:33 SL 20 pips

Closed at 153.37 for + 34 pips

Buy @ 152.40 at 7 02

Closed trade for + 18

Sell @ 152.64

Closed for + 3 Somehow I am not too comfy to let this one go into negative now.

Hey there FXpip,
good work with your system and reporting the profit and lost of each trade.
I like how you report the buy and sell in realtime in 2 different posts.

Keep up the good work

Thanks for your kind words.

Buy @153.30 9 : 22

Close for + 20 pips

Another day hopefully another few dollars !

Buy @ 154.72

Closed trade for + 18 it went briefly as high as + 28 !

Greed will get my nowhere. better to tak cosistently and leave some of the pips on the table for other good traders to have.

Another 3 quick scalps for + 12 pips.

See attached word doc.
I dont take normally much at a time. I do try and trade when it safe.

So for today I had 16 trades.

14 made pips and 2 were losers

14/16 = 88 % winning entries

The first one I called here and the other 15 I will attach the statement for. I do trade exactly the same trades on my live account. Today was again a good day to extract some decent pips.

Trade 1 was + 18

The 15 others on the statement were as follows

5 + 4 + 3 + 9 + 9 + 2 + 6 + 2 + 17 + 23 + ( -13) + ( -18 ) + 9 + 9 + 4

= 120 (Winners) - 31 (Losers) = Total profit

= + 89 pips

The demo account went from $ 5000 to $ 5703 = 14% increase ( this is without the 18 pips I called in my 1st trade)

I believe that with non lagging indicators scalping is possible but you need to know what is going to happen next eg I am in a winning trade and I see O bought/O sold I will take the pips off the table, as I can see it will turn around.

I will not buy when I see the market is already Over bought. I mention this here as I see some live calls and I look on my charts and I go: "mmm, now that is a no brainer, its already O bought !! Why on earth will someone go and buy right there?"

It must be a trader who thinks they can make money with very few and or very lagging indicators or someone who thinks because they 'like the look' of a certain candle, the sky will fall and give them pips :-)

If a silly blond female like me can do this, then anybody can at least make 20 pips a day. I have read no FX books and have taken no FX courses, what I know I have read on the internet and I have been helped by fellow traders ( wonderful strangers to me)

Happy trading to you all ! Go grab the bull by the horns and make lots.The FX market has so much to give/donate to you every day. Its for us to simply just take it and bank it.

I did 3 more trades

Total trades for today : 19 trades

17 winning trades
2 losing trades

17/19 = 89 % winning entries

Previously for today we had 89 pips profit.

3 more trades made 35 + 2 + 74 = 111

Previously for today + 89 + 111 = + 200 pips

The demo account went from $ 5000 to $ 7785 = $ 2785 profit

2785/5000 = 55.7 % increase ( this is without the 18 pips I called in here previously )

Account statement attached.

I hope I am not over trading, I have heard people talking about that in the past, I dont know what it means. For me I see an opportunity. I check my indicators and if its a go, I jump in with both feet. I hope my calculations are correct.

If this dum blond over here can do it, then you can do it too ! Believe in yourself !:-)
Happy trading:-) Now go and make lots.

" Luck favours the prepared"