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Trading Live With Simplicity!!!

  • #41
  • Mar 14, 2009 12:29pm Mar 14, 2009 12:29pm
NZD soars when RBNZ announced predicted rates cut.
All foxnews and FT anal bullshiters shut up about their predicted NZD dive, so it was enjoyable silence in news while NZD run and still running up. Even more look at NZD/CHF.
It is the 1st bell from the country to see sun rising (GMT+13),
means that fed scum cant hold it anymore and rots/morgans bushing gold. Expected some news on GLD efts collapses (where is 1000 tons lol) by madoff scenario and the beast of stagflation coming out the curtains in us.
  • #42
  • Mar 14, 2009 12:48pm Mar 14, 2009 12:48pm
It might happen because that the swiss were the first who heard margin call from china, but NZD and AUD should go up anyway when usd is gone and detroit free soup queues in the kondratieff winter.
  • #43
  • Mar 15, 2009 6:57am Mar 15, 2009 6:57am
What's your stop tactic if things go bad ?
  • #44
  • Mar 15, 2009 7:41am Mar 15, 2009 7:41am
Quoting Marzullo
What's your stop tactic if things go bad ?
My SL is fixed -120 Pip's if im trading Gbd & Gpy related Pair's & My target profit is also fixed +70 Pip's
My SL is -40 to -50 Pip's if i am trading on other pairs but if price go against me & i feel that price will retraces back in my favour than most of time i also change My SL from -50 Pips to -120 Pip's but i target just +20 To +50 Pip's on less volatile Pair's.
I am going against MM Rules but so far this strategy is working well for me & rarely My SL -120 Pip's hit. You also might have observed if you read my whole journal as i have posted here my live successful trade's
Pip!
  • #45
  • Mar 15, 2009 11:24am Mar 15, 2009 11:24am
Hi Guy's this is the daily chart of Euro/Usd
My placed S/R Line's are looking good on it,

Im looking forward to go Long & short

Long OnThe Break Of 1.2995
Short OnThe Break Of 1.2455

Target +20 To +50 Pip's
Let's see
Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: eu,usd.gif Size: 35 KB
  • #46
  • Mar 16, 2009 12:55am Mar 16, 2009 12:55am
This is the daily chart of Nzd/Usd
I am expecting it to drop from 61.8 Level from 0.5223 & expecting a bearish movement also. Let's see i may go short later cause price didnt break my expected resistance level & seem's now will retraces down from 61.8 level.
Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: nu.gif Size: 36 KB
  • #47
  • Edited 8:23am Mar 16, 2009 8:11am | Edited 8:23am
Quoting PipHacker
Hi Guy's this is the daily chart of Euro/Usd
My placed S/R Line's are looking good on it,

Im looking forward to go Long & short (For more see the Post No#45 Of this thread)

Long OnThe Break Of 1.2995
Short OnThe Break Of 1.2455

Target +20 To +50 Pip's
Let's see
Pip!
Hey Guy's
take a look at my another successive live Euro/Usd trade.

I placed my S/R Line's and went long onthe break of 1.2995
Now price break's it and i close my this live trade with successive +50 Pip's. It was a good trade by me and also a good start of this week
Have a look
Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 36 KB
  • #48
  • Mar 19, 2009 6:52am Mar 19, 2009 6:52am
Hi Guy's I am going to post here My another Live Usd/Cad trade here
as right now Usd/Cad is seems going to break it's Support Line. I have placed My S/R Lines here onthe daily chart of Usd/Cad which is looking good & looking forward to go long and short!

Long OnThe Break Of 1.3065
Short OnThe Break Of 1.2355

Target +20 to +50 Pip's depending On Volatility Let's see
Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 38 KB
  • #49
  • Mar 19, 2009 7:26am Mar 19, 2009 7:26am
Quoting PipHacker
Hi Guy's I am going to post here My another Live Usd/Cad trade here
as right now Usd/Cad is seems going to break it's Support Line. I have placed My S/R Lines here onthe daily chart of Usd/Cad which is looking good & looking forward to go long and short!

Long OnThe Break Of 1.3065
Short OnThe Break Of 1.2355

Target +20 to +50 Pip's depending On Volatility Let's see
Pip!
WOOOOW There was a great volatility onthis pair onthe time of break
Though this pair's dropped for more than +100 Pip's from 1.2355 but i close it with +50 Pip's
It was my another successful live Usd/Cad trade with simplicity
(For more see my previous post with screeshot)
Good Week so far.
Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad2.gif Size: 38 KB
  • #50
  • Mar 19, 2009 11:19am Mar 19, 2009 11:19am
Quoting PipHacker
Here is the Nzd/Usd Daily chart. Well i placed My Support & Resistance line's on it which are looking good. I am waiting for this trade opportunity let's see!

Long OnThe Break Of 0.5445
Short OnThe Break Of 0.4893

Target +20 To +50 Pip's On Each Break, My SL Will also be tight onthis trade because this is less volatile Pair and also my target profit is also low. On Gpy related Pair's I normally target for +70 Pip's On Each Trade.
Pip!
Hi Guy's!
well two day's back i placed my S/R Line's on Nzd/Usd daily chart and said that im waiting for this opportunity.
My pending order trigged as 0.5445 Was a strong resistance level which break's my long position enters in a market & move more than +100 pIP'S BUT I CLOSE MY successive long position for +50 Pip's.
It was another my good live trade and lucky day for me also(For more on my Nzd/Usd analysis with screenshot view my Post No 40 Page No 3 of this thread)
Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: nudaily.gif Size: 37 KB
  • #51
  • Mar 20, 2009 5:02am Mar 20, 2009 5:02am
Hi guy's now this is my 3rd week of my journal as i am posting my live trades(Pending orders) so far my success ratio is 100%. Anyway's this was another successive week for me. My this weeks results are shown below.

1) Long On Nsd/Usd @ 0.5445 Close With +50 Pip's

2) Long On Euro/Usd @ 1.2995 Close With +50 Pip's

3) Short On Usd/Cad @ 1.2355 Close With +50 Pip's

Total Pip's This Week == +150

First Week = + 315 , 2nd Week= +160 , 3rd Week = +150
Total This Month ==== +625 Pip's
(For more detail of my live trade's visit previous page's)
Pip!
  • #52
  • Mar 20, 2009 12:33pm Mar 20, 2009 12:33pm
how can one trade the fx fundamental release profitably? every time, i enter a trade, after a while, a fundamental news rapidly takes me out with a huge lose.
  • #53
  • Mar 20, 2009 3:33pm Mar 20, 2009 3:33pm
Quoting jephthah
how can one trade the fx fundamental release profitably? every time, i enter a trade, after a while, a fundamental news rapidly takes me out with a huge lose.
better trade after news
  • #54
  • Mar 21, 2009 12:37am Mar 21, 2009 12:37am
Quoting jephthah
how can one trade the fx fundamental release profitably? every time, i enter a trade, after a while, a fundamental news rapidly takes me out with a huge lose.
I am not a news trader i also dont know what's your trading method? well but indicator's fail's on the release of any fundamental. You can only get Pip's if news in your favour. Dont trade in news time.
Pip!
  • #55
  • Mar 21, 2009 6:46pm Mar 21, 2009 6:46pm
just wanted to know how much pips you go into the redzone after you make profti. I mean what should be my S/L and how much is your 1 pip worth.
  • #56
  • Mar 22, 2009 5:41am Mar 22, 2009 5:41am
Quoting bladerunner
just wanted to know how much pips you go into the redzone after you make profti. I mean what should be my S/L and how much is your 1 pip worth.
My SL is Fixed -120 Pip's on all Gbd and Jpy related pair's but on other's my SL Is -50 Pip's but if i feel that price will retraces back in my favour than i moved most of time my SL from -50 Pip's to -120 Pip's on non volatile pair's also. My Trget Profit is +70 Pip's on Gbd, Jpy related Pair's & +50 Pip's on Non Volatile Pair's
My Pip Worth is $10 Per Pip.
Pip!
  • #57
  • Mar 22, 2009 9:29am Mar 22, 2009 9:29am
Hi Guy's. I was keeping an eye On This Aud/Usd Breakout. It's a daily chart and i was expecting the same movement after the break of resistance line But dont know how i missed it. It was a great chance to go long onthe break of This Resistance line 0.6849. It moved up so far more than +100 Pip's. Anyways see the screenshot.
Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: audusd daily.gif Size: 37 KB
  • #58
  • Mar 23, 2009 12:17am Mar 23, 2009 12:17am
Hey Guy's
This is the start of 4-th week of my live trade's journal here in FF with Gbd/Usd now today. As This Is Gbd/Usd 4-Hour chart & i have placed my S/R Lines on it. which are looking good, specially Resistance Line. So here is my pending order!

I,ll Go Long OnThe Break of 1.4597

Target +50 To +70 Pip's
GoodLuck & TradeWell With Simplicity
Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 36 KB
  • #59
  • Mar 23, 2009 1:15am Mar 23, 2009 1:15am
PipHacker:

Nice Call on the GBP/USD long, break 1.4597
Looking forward to your journal!
  • #60
  • Mar 23, 2009 7:17am Mar 23, 2009 7:17am
Hello PipHacker :
Thankyou for Presenting us with this nice and simple system.
I like to know How do you decide between 4 hour chart and daily chart to trade with? What is the criteria for trading with 4 hour chart or taking a trade with Daily chart ?
Also what are best trading time for this system ?
Bhupinder
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