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PIPologist daily strategy

  • #41
  • Apr 11, 2008 8:45am Apr 11, 2008 8:45am
Hello again my friends,

Today was another great day in Forex. Today's hero: USD/JPY.

Here is the chart:

http://img36.picoodle.com/img/img36/...im_5c037a0.gif

Also the video of the trade:
Inserted Video


I moved the RegChan because I was searching for a better channel.

Signals:
2 EMAs crossed after the big drop 12.00 GMT
MACD turned down also at 12.00 GMT
And after 1 hour we got a retrace W%R confirmed at 13.00 GMT

Entry:
13.00 GMT: SELL @ 101.13 with 1 lot
SL: 101.14 + 10 pips = 101.24 (never reached)
Target reached in 3 minutes: 101.03

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

That was all for today. It was a weak week.

Happy PIPin' and relaxing weekend
PIPology - The Science of Mastering the PIP
  • #42
  • Apr 14, 2008 3:20pm Apr 14, 2008 3:20pm
Hello my friends,

Today was a flat day.

Here is the chart for Losing trade:

http://img30.picoodle.com/img/img30/...um_1bf68ab.gif

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:

http://img37.picoodle.com/img/img37/...im_53e4588.gif

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' !
PIPology - The Science of Mastering the PIP
  • #43
  • Apr 15, 2008 4:45am Apr 15, 2008 4:45am
Hi Pipologist,

Are you trading this live because I am slightly confused ? On a losing trade you factor in spread and on a winning trade you don't ? Surely you need to account for your spread in your winning trades and not your losers ? Also I have found no way of projecting the Regression Channel into the future with MetaTrader, it simply stops at the point you drawing it. And yet on your screenshots your linear regression channel is right at the last bar.

Thanks for some clarification.......
  • #44
  • Apr 16, 2008 3:08am Apr 16, 2008 3:08am
Was it something I said ?
  • #45
  • Apr 21, 2008 3:32am Apr 21, 2008 3:32am
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:

http://img33.picoodle.com/img/img33/...im_6844536.gif

and to see a nice TL together with RegChan:

http://img33.picoodle.com/img/img33/...im_0f6f019.gif

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' !
PIPology - The Science of Mastering the PIP
  • #46
  • Apr 24, 2008 9:11am Apr 24, 2008 9:11am
Why am I only getting 2 lines in the RSI-%8 window?
Which of the 3 lines on his chart is the thick one?

Learning MT4 & this strategy is hard for an old guy. Thank you
  • #47
  • Apr 28, 2008 6:37am Apr 28, 2008 6:37am
Hello my friends,

Today wasn't such a great day, because GBP/USD tricked us .

Here is what happened:

http://img27.picoodle.com/img/img27/...um_bb2328f.gif

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' !
PIPology - The Science of Mastering the PIP
  • #48
  • Apr 29, 2008 5:40am Apr 29, 2008 5:40am
I'm glad to see it worked for you. It's happening all the time to reverse that's why is better to keep the 10 pips profit limit or less if you are too suspicious Better safe than broke.

Getting back to 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:

http://img37.picoodle.com/img/img37/...im_fdea319.gif

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' !
PIPology - The Science of Mastering the PIP
  • #49
  • Apr 29, 2008 4:38pm Apr 29, 2008 4:38pm
I have been in this bizniz for a year now,no headway yet, but your system with some other indicators i picked has helped me a lot..
i went in for a trade just when you did it too, infact i had 15 pips instead...lol, i broke the rules,, However, your setting of the MACD is not yet clear to me, seems like its lagging,, and maybe i dont get it right!..i use the macd colored to place my trades and it tallies with yours...
But above it all...thumbs up bro
  • #50
  • Apr 30, 2008 4:49am Apr 30, 2008 4:49am
Quoting flyade
I have been in this bizniz for a year now,no headway yet, but your system with some other indicators i picked has helped me a lot..
i went in for a trade just when you did it too, infact i had 15 pips instead...lol, i broke the rules,, However, your setting of the MACD is not yet clear to me, seems like its lagging,, and maybe i dont get it right!..i use the macd colored to place my trades and it tallies with yours...
But above it all...thumbs up bro
Nice to see it's working for you also Try not to get used with breaking the rules, because you are not breaking only the rules of this strategy, but your own rules.
If you want me to help you you need to me more specific about details. The details are important.
PIPology - The Science of Mastering the PIP
  • #51
  • Apr 30, 2008 8:40pm Apr 30, 2008 8:40pm
Hey guys,

Sorry for late reply but I was out all day.

I attached the chart with today's trade. I took it from my mobile phone and it went excellent.

Setup was perfect.

BUY @ 1.5588 with 2 lots
EXIT @ 1.5598 with 2 lots
Target reached in 5 minutes.
Profit: 10 pips x 2 lots x $10 per pip = $200

Thanks and see you tomorrow.

Happy PIPpin' !
Attached Image (click to enlarge)
Click to Enlarge Name: eu-30-04-profit-tl.gif Size: 24 KB
PIPology - The Science of Mastering the PIP
  • #52
  • Apr 30, 2008 9:04pm Apr 30, 2008 9:04pm
Hi Pipology,

Thanks for sharing your system.
Can you pls attached all your indicator and templates out so that i can follow your thread.
I am relatively new to forex and i dont know how to create a RSI.

Thanks a lot for your help in advance.

Quoting PIPology
Hey guys,

Sorry for late reply but I was out all day.

I attached the chart with today's trade. I took it from my mobile phone and it went excellent.

Setup was perfect.

BUY @ 1.5588 with 2 lots
EXIT @ 1.5598 with 2 lots
Target reached in 5 minutes.
Profit: 10 pips x 2 lots x $10 per pip = $200

Thanks and see you tomorrow.

Happy PIPpin' !
  • #53
  • May 1, 2008 1:58pm May 1, 2008 1:58pm
Hi Pipologist,

Thanks for the reply, i got the macd settings wrong, i mixed it with another garbage setting so that was my fault,..About the details, i use your strategy with the trendmanager just to be more confident of the direction, but however i hid to the advice of your settings"come what may"..
I was thinking if i can send you a PM, cos i have some other few questions im hoping to clarify, i know it wouldnt be ideal diverting the focus of context on this wise thread..
Thanks for the advice, i hurt my account a 100 pips bad 2day, but, that was before i got your mesage...anyway, i have learnt my lessons.
  • #54
  • May 1, 2008 2:55pm May 1, 2008 2:55pm
flyade: As long as my topic remains clean and clear on the subject you can PM me anytime for anything.

tjsun80: Then you must learn how to do that, I can't teach you right here. This system is one of the simplest ever, with the most used indicators on the market. So please learn how to do the simplest things and then you will understand everything and you will see how simple it is. Don't be afraid of lines or indicators, they are a part of Forex, they have their own role, you can rule them by simple exercise.

All the best
PIPology - The Science of Mastering the PIP
  • #55
  • May 1, 2008 8:50pm May 1, 2008 8:50pm
Can someone post the indicator and templates.
  • #56
  • May 2, 2008 10:31am May 2, 2008 10:31am
Attached Image


Hi Pip,

I am attaching my chart as what i did to be almost the same as yours,
but i still can't insert the RSI- %8 ??

Pls guide.


Quoting PIPology
flyade: As long as my topic remains clean and clear on the subject you can PM me anytime for anything.

tjsun80: Then you must learn how to do that, I can't teach you right here. This system is one of the simplest ever, with the most used indicators on the market. So please learn how to do the simplest things and then you will understand everything and you will see how simple it is. Don't be afraid of lines or indicators, they are a part of Forex, they have their own role, you can rule them by simple exercise.

All the best
  • #57
  • May 2, 2008 10:22pm May 2, 2008 10:22pm
I attached for everyone the template (pass: forexfactory). Enjoy it !

Happy weekend !
Attached File(s)
File Type: zip pipologist10perday.zip   1 KB | 601 downloads
PIPology - The Science of Mastering the PIP
  • #58
  • May 6, 2008 3:11pm May 6, 2008 3:11pm
Hi Pipology,
was wondering if your been busy for this week or something...reffered few friends to this thread on Monday, and they doesnt seem to see life on the thread...keep up your posting atleast...its your world.
  • #59
  • May 7, 2008 6:44pm May 7, 2008 6:44pm
I don't live my life on the internet. Forex is a passion. I post here anytime I have Time. Anyone can post as long as it stays on the subject. I am readying everything here, but sometimes I'm out with more important things to do.
PIPology - The Science of Mastering the PIP
  • #60
  • May 8, 2008 6:20pm May 8, 2008 6:20pm
Hello my friends,

The last days were very busy for me. I see that some of you took or not some trades.

The last 2 trades were not bad. Take them as tests for your knowledge because each one of them had almost the same rules to exit.

I attached also the image taken today from that trade. I didn't trade it as well because I missed it with 1 hour but it showed how you can exit safe from a bad trade. Right ?

I filled the chart with details to see where somebody should exit after that trade. Stop Loss was at the limit so no Loss for today On my platform with my broker I would have earn 5 pips from this 'bad trade" of yours.

I hope to have more time next week.

And be careful, tomorrow is Friday again

Happy PIPpin' !
Attached Image (click to enlarge)
Click to Enlarge Name: eu-8-05-profit-flat.gif Size: 21 KB
PIPology - The Science of Mastering the PIP
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