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FXJake's Free Pips

  • #1
  • First Post: Jan 15, 2009 9:55pm Jan 15, 2009 9:55pm
Hello Fellow Traders:


I have been trading forex for about a decade now, and I have been quite profitable for many years. For instance, last month I didn't have a loser, and I made over 832 pips, trading only a few times (8 trades).

You don't have to trade a lot to make good money, you can have a life too.

Follow along if you want, and see for yourself. Enjoy the ride!


Cheers

FXjake
  • #2
  • Jan 15, 2009 9:57pm Jan 15, 2009 9:57pm
Very few trades, but no losers here.

It is so funny to me that most traders could make a LOT more money by trading less.....and I am no exception to that...
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  • #3
  • Jan 15, 2009 9:58pm Jan 15, 2009 9:58pm
I will take a long on the NZDUSD tonight. Details to follow.

Happy Trading

FXjake
  • #4
  • Jan 15, 2009 9:59pm Jan 15, 2009 9:59pm
Quoting FX__jake
I will take a long on the NZDUSD tonight. Details to follow.

Happy Trading

FXjake

Here's the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 1hr Jan16 2008.jpg Size: 47 KB
  • #5
  • Jan 16, 2009 12:00am Jan 16, 2009 12:00am
Buy 0.5470
Stop 0.5269

1st Target 0.5590

2nd Target 0.5700


Always very flexible with the second target.
  • #6
  • Jan 19, 2009 12:00am Jan 19, 2009 12:00am
This was a late signal, I meant to get in around 5440, so I am going to get out now. Normally I would be at breakeven now, with nothing to worry about. But now I can't really do that. So, will exit now.


Entry 0.5470
Exit 0.5525

+55 pips
Attached Image (click to enlarge)
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  • #7
  • Jan 20, 2009 1:28am Jan 20, 2009 1:28am
Short CHFJPY @ 79.25

Stop 82.05

Target 1: 77.60
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYjan20.jpg Size: 83 KB
  • #8
  • Jan 20, 2009 2:03pm Jan 20, 2009 2:03pm
Quoting FX__jake
Short CHFJPY @ 79.25

Stop 82.05

Target 1: 77.60
This is +100 pips now, so will move stop to +5 pips
  • #9
  • Jan 20, 2009 8:53pm Jan 20, 2009 8:53pm
Quoting FX__jake
This is +100 pips now, so will move stop to +5 pips
This has come back waaaaaay too much for me. So I am out with +35 pips.
Attached Image (click to enlarge)
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  • #10
  • Jan 22, 2009 5:02am Jan 22, 2009 5:02am
Well, it figures. A quiet month for me, so of course we'd have a night like tonight. I count 11 setups on the pairs that I follow, most I have seen in one night since October last year.

I am going to pick the best four, which, as I 'see' it are as follows:

BUY AUDJPY
Entry: 59.60
Stop: 56.20
Target 1: 63.00
Target 2: Open

BUY EURJPY
Entry: 117.22
Stop: 112.00
Target 1: 119.20
Target 2: Open

BUY GBPUSD
Entry: 1.4030
Stop: 1.3610
Target 1: 1.4330
Target 2: Open

BUY CADJPY
Entry: 71.55
Stop: 68.30
Target 1: 74.20
Target 2: Open
Attached Image
  • #11
  • Jan 23, 2009 9:36am Jan 23, 2009 9:36am
Quoting FX__jake
Well, it figures. A quiet month for me, so of course we'd have a night like tonight. I count 11 setups on the pairs that I follow, most I have seen in one night since October last year.

I am going to pick the best four, which, as I 'see' it are as follows:

BUY AUDJPY
Entry: 59.60
Stop: 56.20
Target 1: 63.00
Target 2: Open

BUY EURJPY
Entry: 117.22
Stop: 112.00
Target 1: 119.20
Target 2: Open

BUY GBPUSD
Entry: 1.4030
Stop: 1.3610
Target 1: 1.4330
Target 2: Open

BUY CADJPY
Entry: 71.55
Stop: 68.30
Target 1: 74.20
Target 2: Open
This obviously never triggered. Have a great weekend!
  • #12
  • Mar 5, 2009 7:25am Mar 5, 2009 7:25am
Short from 1.2845
Stop 1.2990
Target 1.2560
Attached Image
  • #13
  • Mar 5, 2009 7:39am Mar 5, 2009 7:39am
long AUD/USD from 1.6405
stop at 1.6280
profit at 1.6540
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  • #14
  • Mar 8, 2009 9:57pm Mar 8, 2009 9:57pm
This has sort of been stuck for a few days. I generally find an exit in 12-24 hours, so this trade is too ripe for me to hold it. I have exited at +25 pips, and will wait for the next trade. (Looks like some possibilities are lining up for tonight.)
Attached Image (click to enlarge)
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  • #15
  • Mar 8, 2009 9:58pm Mar 8, 2009 9:58pm
Quoting FX__jake
Short from 1.2845
Stop 1.2990
Target 1.2560

Out with +10 pips. This trade has languished in purgatory for a few days, time to get out.
Attached Image (click to enlarge)
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  • #16
  • Mar 9, 2009 4:33am Mar 9, 2009 4:33am
Long from 98.55
Stop at 96.50
First target 99.50
Attached Image
  • #17
  • Mar 9, 2009 4:47am Mar 9, 2009 4:47am
Quoting FX__jake
Long from 98.55
Stop at 96.50
First target 99.50
Hello FX-Jake.
well i have a question, you didnt mention your trading strategy here,
anyways what made you to go long on Usd/Jpy @ 98.55?
Thank's
Pip!
  • #18
  • Mar 9, 2009 7:14am Mar 9, 2009 7:14am
Quoting FX__jake
Long from 98.55
Stop at 96.50
First target 99.50
+60 pips on the exit
Attached Image
  • #19
  • Mar 9, 2009 9:41am Mar 9, 2009 9:41am
Quoting FX__jake
+60 pips on the exit
Hey Jake i asked you in my last post that what made you to go long on Usd/Jpy, you didnt respond. Seems you are just giving signal's
Ok carry on man but i must say from now your journal is useless atleast for me.
Pip!
  • #20
  • Mar 10, 2009 1:19am Mar 10, 2009 1:19am
Quoting PipHacker
Hello FX-Jake.
well i have a question, you didnt mention your trading strategy here,
anyways what made you to go long on Usd/Jpy @ 98.55?
Thank's
Pip!
Thanks for the question, Pip. I simply trade off of support and resistance. The 98.55 level was an important level to me - I thought that if it broke upward above this level it would not have much to resist for at least 50 pips.
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