PIPologist daily strategy | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

daily range Strategy 782 replies

WRB/MC strategy:Coder needed to semi-automate my strategy 11 replies

strategy builder/tester for new scalping strategy 1 reply

Is opposite of losing strategy a winning strategy? 21 replies

Daily strategy report 1 reply

Attachments: PIPologist daily strategy
Exit Attachments

PIPologist daily strategy

  • #61
  • May 8, 2008 10:37pm May 8, 2008 10:37pm
Hello Pip,

Is Friday not a good day to trade? although we are aiming at 10 pips only ?

Quoting PIPology
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' !
  • #62
  • May 9, 2008 3:53am May 9, 2008 3:53am
For me it's not a good day. I usually don't trade on Friday, I really don't care what others think or trade. And yes, this system aims for 10 pips from the beginning.


Quoting tjsun80
Hello Pip,

Is Friday not a good day to trade? although we are aiming at 10 pips only ?
PIPology - The Science of Mastering the PIP
  • #63
  • May 12, 2008 2:10am May 12, 2008 2:10am
Hi Pip,

One question, is your system suitable for long term trading, with higher time frame? Such as H4 or D1 ?

Quoting PIPology
For me it's not a good day. I usually don't trade on Friday, I really don't care what others think or trade. And yes, this system aims for 10 pips from the beginning.
  • #64
  • May 13, 2008 6:10pm May 13, 2008 6:10pm
Quoting tjsun80
Hi Pip,

One question, is your system suitable for long term trading, with higher time frame? Such as H4 or D1 ?
It's up to you. You can test it. But you must adjust the Regression Channel and such things.

Sorry but there were no good trades these days so I expect few till the end of the week.

Happy PIPpin' !
PIPology - The Science of Mastering the PIP
  • #65
  • May 23, 2008 9:40am May 23, 2008 9:40am
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:

http://img37.picoodle.com/img/img37/...im_b11c277.gif

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' !
PIPology - The Science of Mastering the PIP
  • #66
  • May 26, 2008 12:40pm May 26, 2008 12:40pm
Hello my friends,

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

Here is the picture of the trade:

http://img37.picoodle.com/img/img37/...im_399e0f1.gif

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' !
PIPology - The Science of Mastering the PIP
  • #67
  • May 27, 2008 6:14am May 27, 2008 6:14am
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:

http://img27.picoodle.com/img/img27/...im_e1a648d.gif

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' !
PIPology - The Science of Mastering the PIP
  • #68
  • May 27, 2008 8:18am May 27, 2008 8:18am
Hello Pipology, Can you give me the indicator that you use in your chart?
I don't know how to combine 2 indicator into one.
Thanks

Aristo
  • #69
  • May 28, 2008 6:04pm May 28, 2008 6:04pm
Hello my friends,

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

Here is the chart of the trade:

http://img29.picoodle.com/img/img29/...im_0f87d5c.gif

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.

http://img31.picoodle.com/img/img31/...im_b08ee49.gif

Happy PIPpin' !
PIPology - The Science of Mastering the PIP
  • #70
  • Jun 4, 2008 10:08pm Jun 4, 2008 10:08pm
Hello again my friends,

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

http://img37.picoodle.com/img/img37/...im_1a36eea.gif

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 )

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' !
PIPology - The Science of Mastering the PIP
  • #71
  • Jun 11, 2008 11:26am Jun 11, 2008 11:26am
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):
http://img26.picoodle.com/img/img26/...im_f6d357f.gif

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' !
PIPology - The Science of Mastering the PIP
  • #72
  • Jun 19, 2008 9:28am Jun 19, 2008 9:28am
Hello my friends,
Long time no see

Today was another great day in forex, few hours ago.
From now on I won't post the setup words and explanations because I think the thread is old enough and people should know what is all about. I will stick only to the main entries and exits.

So here is the char for today's trade:

http://img28.picoodle.com/img/img28/...im_fafd3f0.gif

Entry: 106.27 with 2 lots
Order: BUY
SL: 106.17 - 10 pips - 2 spread = 106.05 (never reached)
Target: 106.37
Time of trade: Max 5 minutes
Profit: 10 pips x 2 lots x $10 USD/pip = $200

That's all folks ! See you next time.
Happy PIPpin' !
PIPology - The Science of Mastering the PIP
  • #73
  • Jun 20, 2008 4:05am Jun 20, 2008 4:05am
Hello again my friends,

Today was a tricky day as I suspected. Fridays are always tricky so if you are not experienced better get out and have some fun than trading

Here is the chart for today's trade:

http://img34.picoodle.com/img/img34/...im_ceca382.gif

Entry point: 107.79 SELL Order with 2 lots
SL: 107.87 + 10 pips + 0 spread = 107.97 (never reached)
Time of trade: Approx. 15 mins
Target hit: 107.69

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

That was all for today, always be careful for those retraces (as you can see in the picture, price jumped back in RegChannel)

Have a nice weekend !

Happy PIPpin' !
PIPology - The Science of Mastering the PIP
  • #74
  • Jun 24, 2008 2:38am Jun 24, 2008 2:38am
Hello again my friends,

This day started extraordinary and the hero of the day is GBP/USD.

Here is the chart of the trade:
http://img37.picoodle.com/img/img37/...im_3610a24.gif

Setup was perfect.
Order: BUY 2 lots @ 1.9657 (6.00 AM GMT)
SL: 1.9649 - 10 pips - 0 spread = 1.9639 (never reached)
Time of trade: 20 mins
Target hit: 1.9667

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

That was all for today, hope you got it

Happy PIPpin' !
PIPology - The Science of Mastering the PIP
  • #75
  • Jun 25, 2008 12:57am Jun 25, 2008 12:57am
Hi, thanks for sharing your strategy.

What are the green and red dots on your chart?
  • #76
  • Jun 26, 2008 7:15am Jun 26, 2008 7:15am
Hello my friends,

Today's trade USD/JPY
Here is the chart:
http://img33.picoodle.com/img/img33/...im_96beecf.gif

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' !
PIPology - The Science of Mastering the PIP
  • #77
  • Jun 27, 2008 3:51am Jun 27, 2008 3:51am
Quoting longboy
Hi, thanks for sharing your strategy.

What are the green and red dots on your chart?
Is there anyone who can answer this question?
  • #78
  • Jun 30, 2008 6:55am Jun 30, 2008 6:55am
Quoting longboy
Is there anyone who can answer this question?
That's not the subject of this topic. But if you are so eager to find out, those are just points placed by me.

Not let's get back to the trade of the day. GBP/USD is a remarkable pair that gave a great profit today.

Here is the chart:

http://img32.picoodle.com/img/img32/...im_1ab1245.gif

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' !
PIPology - The Science of Mastering the PIP
  • #79
  • Jun 30, 2008 7:18am Jun 30, 2008 7:18am
Quoting PIPology
That's not the subject of this topic. But if you are so eager to find out, those are just points placed by me.
Thank you for answering my Q. I'll try your system!
  • #80
  • Edited 4:38am Jul 1, 2008 4:19am | Edited 4:38am
Hi together,

I'm learning your system since some days.
Now I have a question, why is this no valid entry ? It's EURGBP from yesterday.

You see:
1: EMAs crossing
2: candle breaks RegChan
3: MACD turns
4: %R is above -80 (enough away from RSI)

So, the green-marked candle should be our entry with short, isn't it ?

But it' false. It goes up.

Is the problem, that %R is only -75, is this to little above -80 ?

Thanks for you help...

Swen
Attached Image (click to enlarge)
Click to Enlarge Name: quest1.gif Size: 11 KB
{Promotion Removed}
0 traders viewing now