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PIPologist daily strategy

  • #21
  • Mar 11, 2008 12:10pm Mar 11, 2008 12:10pm
Quoting PIPology
Maybe this one will have a continuity ...
Feel free to leave my thread clean of offtopics.

Thanks and happy trading week.

Thanks for that freedom ... bro
but I don't really want to use it

Continuity ... if you understood what i was doing
you would also understand in fact all my trading threads are in continuity...
but that is ok ... we each must find our own way "
... little grasshopper; LOL

best of luck

cheers


TEB
  • #22
  • Mar 12, 2008 11:34am Mar 12, 2008 11:34am
Hello again,
Here I am with some words for today's trade.

Because I have a life and I live it I can't be and I don't want to be 24/24 in front of the computer, so I miss many trades but that's not a problem, because I know market gives signals everyday and I will sure recover the following days.

So, here is the trade for today, maybe someone caught it:

http://img27.picoodle.com/img/img27/...8m_09cb971.gif

This is a trade that not everyone should try. Why ? Because in this situation Spread counts all the time. GBP/JPY is a pair that is offered by many brokers at a 7-13 pips spread. In this situation if I had a 8 pips spread I would miss the exit, because the price went only 17 pips in the 4 minutes. Than the price went 25 pips Up, but not more than 10 pips above the high of entry bar, so that was a good time to stay in the market (This only if you had 8 or more pips spread.)

Many rookies or beginners or newbies choose the wrong Broker when they decide to trade Live in Forex, that's why some think that nothing is working. But, when you will try a broker that offers you a good spread you will discover the real power of Forex movements and 80-90% assured profit if you trade correctly.

So that was all for today. I will watch EUR/JPY because divergence formed alread.

Happy pippin' !
PIPology - The Science of Mastering the PIP
  • #23
  • Edited 5:51am Mar 14, 2008 5:39am | Edited 5:51am
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 on my website, someone got friend yesterday because of those divergences and 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:

http://img03.picoodle.com/img/img03/...im_e28f11f.gif
and
http://img02.picoodle.com/img/img02/...im_a50cb61.gif

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

EUR/USD SELL @ 1.5585 @ 9.30AM GMT
Time of trade to reach target: max 10 minutes
Exit @ 1.5585
Profit: 10 pips x $10/pip = $100

GBP/USD SELL @ 2.0295 @ 9.30AM GMT
Time of trade to reach target: max 15 minutes
Exit @ 2.0295
Profit: 10 pips x $10/pip= $100

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.
PIPology - The Science of Mastering the PIP
  • #24
  • Mar 14, 2008 6:44am Mar 14, 2008 6:44am
Why didn't you take a short on the bar prior to the one you did enter?

TimeFreedom

Quoting PIPology
Hello again,
Here I am with some words for today's trade.

Because I have a life and I live it I can't be and I don't want to be 24/24 in front of the computer, so I miss many trades but that's not a problem, because I know market gives signals everyday and I will sure recover the following days.

So, here is the trade for today, maybe someone caught it:

http://img27.picoodle.com/img/img27/...8m_09cb971.gif

This is a trade that not everyone should try. Why ? Because in this situation Spread counts all the time. GBP/JPY is a pair that is offered by many brokers at a 7-13 pips spread. In this situation if I had a 8 pips spread I would miss the exit, because the price went only 17 pips in the 4 minutes. Than the price went 25 pips Up, but not more than 10 pips above the high of entry bar, so that was a good time to stay in the market (This only if you had 8 or more pips spread.)

Many rookies or beginners or newbies choose the wrong Broker when they decide to trade Live in Forex, that's why some think that nothing is working. But, when you will try a broker that offers you a good spread you will discover the real power of Forex movements and 80-90% assured profit if you trade correctly.

So that was all for today. I will watch EUR/JPY because divergence formed alread.

Happy pippin' !
  • #25
  • Mar 14, 2008 10:19am Mar 14, 2008 10:19am
Quoting TimeFreedom
Why didn't you take a short on the bar prior to the one you did enter?

TimeFreedom
Because of the rules.
PIPology - The Science of Mastering the PIP
  • #26
  • Mar 17, 2008 1:16pm Mar 17, 2008 1:16pm
Quoting PIPology
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 on my website, someone got friend yesterday because of those divergences and 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:

http://img03.picoodle.com/img/img03/...im_e28f11f.gif
and
http://img02.picoodle.com/img/img02/...im_a50cb61.gif

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

EUR/USD SELL @ 1.5585 @ 9.30AM GMT
Time of trade to reach target: max 10 minutes
Exit @ 1.5585
Profit: 10 pips x $10/pip = $100

GBP/USD SELL @ 2.0295 @ 9.30AM GMT
Time of trade to reach target: max 15 minutes
Exit @ 2.0295
Profit: 10 pips x $10/pip= $100

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.
Hi friend, you can atach here, the template and the indicators please?
  • #27
  • Mar 17, 2008 5:43pm Mar 17, 2008 5:43pm
Quoting BrasilForex
Hi friend, you can atach here, the template and the indicators please?
Nop, the template it's one of the simplest to build on your own. Read the first posts and learn how to do it yourself.

Now back to business.

Hello my friends,
Today was a hilarious day for trading because of those oscillations it seems many traders lost their last week profit
Too bad the opening hours got all the energy of daily movements so ranging all day.

See your tomorrow when good trading signals are expected. RegChan's bands are getting close so watch for movements and good trades after 6-7AM GMT.

Happy PIPpin' week.
PIPology - The Science of Mastering the PIP
  • #28
  • Mar 18, 2008 3:33pm Mar 18, 2008 3:33pm
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:
http://img03.picoodle.com/img/img03/...em_5ac9133.gif

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.
PIPology - The Science of Mastering the PIP
  • #29
  • Mar 19, 2008 5:59am Mar 19, 2008 5:59am
Hello friends,

Today was a great day for trading forex, specially after yesterday's rate cut from Fed.

So here is the chart:

http://img37.picoodle.com/img/img37/...im_c6cb960.gif

So the things were like this:
- 2 EMA's crossed at 4.00AM GMT
- Price breaks RegChan at 4.30AM GMT
- MACD turned down at 8.00AM GMT
- W%R was above -80 level also at 8.00AM GMT
- price was under the 2 EMAs

Perfect entry: SELL with 2 lots at 99.03
Time of trade: 5 minutes
Profit: 2 lots x 10 pips/lot = 20 pips x $10/pip = $200

Another beautiful trading day in Forex

Happy PIPpin day !
PIPology - The Science of Mastering the PIP
  • #30
  • Mar 19, 2008 6:41pm Mar 19, 2008 6:41pm
You have the RSI in your set up mentioned in the first post, but I don't think you've ever referred to it in any of your trades. Not using it?
  • #31
  • Mar 20, 2008 11:09am Mar 20, 2008 11:09am
Quoting BenQ
You have the RSI in your set up mentioned in the first post, but I don't think you've ever referred to it in any of your trades. Not using it?
If you were reading the post before last one you would understand its role.
Thanks

Now,

Because today was a weak day for trading I would like to show you how you can adjust Regression Channels according to price movements.
This can be done when price gets out of channel but doesn't move anywhere, and it's ranging.
So, we can adjust Regression Channel to see when price breaks out

I made this video for you to see how can be done:

YouTube - Regression Channel Adjusted

Now we can see where price can go or where it finds support and jump. Easy, ha ?

Good luck catching the signals and happy pippin' !
PIPology - The Science of Mastering the PIP
  • #32
  • Mar 25, 2008 12:23pm Mar 25, 2008 12:23pm
Hello my friends,
Today was a choppy day but a favorable one for my strategy.

Here is the chart:
http://img33.picoodle.com/img/img33/...im_98f6d43.gif

Signal:
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' !
PIPology - The Science of Mastering the PIP
  • #33
  • Mar 26, 2008 8:12am Mar 26, 2008 8:12am
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):

http://img27.picoodle.com/img/img27/...im_84c4cc1.gif

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' !
PIPology - The Science of Mastering the PIP
  • #34
  • Mar 27, 2008 5:28am Mar 27, 2008 5:28am
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:

http://img29.picoodle.com/img/img29/...im_afb4a24.gif

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.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu-27-03-failure.gif Size: 19 KB
Click to Enlarge Name: gy-27-03-failure.gif Size: 20 KB
PIPology - The Science of Mastering the PIP
  • #35
  • Mar 28, 2008 12:46pm Mar 28, 2008 12:46pm
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:

http://img36.picoodle.com/img/img36/...im_02d0bed.gif

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' !
PIPology - The Science of Mastering the PIP
  • #36
  • Apr 1, 2008 9:17am Apr 1, 2008 9:17am
It was a terrible start of the week, 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 (DEMO account):

Inserted Video


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 ignored that it crossed RSI (because all other signals were good: macd, crossing of 2 ema, price above ema, breaking the RegChan) but I respected the rules of my strategy and I'm just happy because 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.
PIPology - The Science of Mastering the PIP
  • #37
  • Apr 2, 2008 7:00am Apr 2, 2008 7:00am
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):

http://img34.picoodle.com/img/img34/...im_7026072.gif

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
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 )

That was all for today.

Happy PIPpin' !
PIPology - The Science of Mastering the PIP
  • #38
  • Apr 3, 2008 5:36am Apr 3, 2008 5:36am
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:

http://img36.picoodle.com/img/img36/...im_208e193.gif

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
Time of trade: 10-15 minutes

Profit for today: 10 pips x 2 lots x $10/pip = $200
PIPology - The Science of Mastering the PIP
  • #39
  • Apr 8, 2008 10:06am Apr 8, 2008 10:06am
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:

http://img32.picoodle.com/img/img32/...im_98245bf.gif

11.30 GMT price broke the mini-TrendLine and the RegChan. (I attached a detailed picture to see the trend line), but MACD was 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

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' !
Attached Image (click to enlarge)
Click to Enlarge Name: eu-08-04-profit-big.gif Size: 26 KB
PIPology - The Science of Mastering the PIP
  • #40
  • Apr 10, 2008 1:01pm Apr 10, 2008 1:01pm
I attached the carts for today's trade. GBP/USD. 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 ? http://forums.babypips.com/images/smilies/biggrin.gif

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' !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu-10-04-profit.gif Size: 23 KB
Click to Enlarge Name: gu-10-04-profit-big.gif Size: 23 KB
PIPology - The Science of Mastering the PIP
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