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FXJake's Free Pips

  • #41
  • Apr 7, 2009 6:17am Apr 7, 2009 6:17am
Sorry, forgot to post when I put it in........but the trade is still open, the screenshot is from now, but I did short it at 100.31

Sold at 100.31
Target 99.40
S/L 101.49
Attached Image
  • #42
  • Apr 8, 2009 2:39am Apr 8, 2009 2:39am
Quoting FX__jake
Sorry, forgot to post when I put it in........but the trade is still open, the screenshot is from now, but I did short it at 100.31

Sold at 100.31
Target 99.40
S/L 101.49

Just closed this at 99.50 for +81 pips
Attached Image
  • #43
  • Apr 8, 2009 3:05am Apr 8, 2009 3:05am
nice trade, actually thought you had entered too early but you have exited well.
  • #44
  • Apr 8, 2009 9:48am Apr 8, 2009 9:48am
Nice Trade FXJake!

Please post when you put the next one in.

Thanks
  • #45
  • Apr 15, 2009 8:02am Apr 15, 2009 8:02am
Sold AUDUSD at 0.7195
Stop at 0.7337
Target at 0.7020
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_trade.jpg Size: 67 KB
  • #46
  • Apr 15, 2009 12:35pm Apr 15, 2009 12:35pm
FX_Jake

Thanks for posting.
Anxious to see how this one plays out.
What is your success ratio?

Also, if you get a chance, I'd love to hear your rational/thinking behind the trade.
  • #47
  • Apr 15, 2009 5:34pm Apr 15, 2009 5:34pm
Quoting FX__jake
Sold AUDUSD at 0.7195
Stop at 0.7337
Target at 0.7020
Out of this trade at -115 pips, this isn't going to work out.

But there are at least a few other trades I am looking at today, will post them later.
  • #48
  • Apr 15, 2009 5:37pm Apr 15, 2009 5:37pm
Quoting woodlybog
FX_Jake

Thanks for posting.
Anxious to see how this one plays out.
What is your success ratio?

Also, if you get a chance, I'd love to hear your rational/thinking behind the trade.

Thanks for the kind words Woodlybog, I have about an 88% success rate (verified by an auditing company), but that last trade on the AUD/USD brought that down a bit......bummer.

I simply buy on horizontal support and sell on horizontal resistance. That's it.

I sometimes sell on horizontal support and buy or horizontal resistance if it definitely looks like the pair is going to rocket through.
  • #49
  • Apr 15, 2009 5:44pm Apr 15, 2009 5:44pm
88%!
THAT'S OUTSTANDING.

So, how are you plotting your S/R levels? Are they just daily/weekely highs/low, pivot points, Murrey Math levels?

Looking forward to your next trade.
  • #50
  • Apr 15, 2009 7:21pm Apr 15, 2009 7:21pm
EUR/JPY
Bought at 131.21
Profit at 133.52
Stoploss at 129.87

Happy Trading!
Attached Image
  • #51
  • Apr 15, 2009 7:22pm Apr 15, 2009 7:22pm
EUR/AUD
Sold at 1.8164
Profit at 1.7750
Stoploss at 1.8520
Attached Image
  • #52
  • Apr 15, 2009 7:28pm Apr 15, 2009 7:28pm
Quoting woodlybog
88%!
THAT'S OUTSTANDING.

So, how are you plotting your S/R levels? Are they just daily/weekely highs/low, pivot points, Murrey Math levels?

Looking forward to your next trade.
Hi Woodlybog

Thanks for your interest, wasn't sure if anyone was watching this.

I think it more important to be patient than it is to plot the daily support/resistance levels, but I do both. I practice patience as best I can and I plot where the pairs have reversed....often.
  • #53
  • Apr 16, 2009 2:28am Apr 16, 2009 2:28am
Hi Jake

Another interested trader, keep up the good work. I'm UK based so some of the signals will pass me by - but plse keep posting.

Cheers
Gavin
  • #54
  • Apr 17, 2009 9:59am Apr 17, 2009 9:59am
FX_Jake

Got stopped out on the EUR/JPY trade, but the EUR/AUD is currently at +215 pips!

KEEP UP THE GOOD WORK.
Looking forward to your next post.
  • #55
  • Apr 20, 2009 4:14am Apr 20, 2009 4:14am
Quoting FX__jake
EUR/JPY
Bought at 131.21
Profit at 133.52
Stoploss at 129.87

Happy Trading!

As Woody said, this ended up being a loser. Two losers in a row, I can't remember the last time that happened.

-133 pips

Maybe I need to take a break.
  • #56
  • Apr 20, 2009 4:16am Apr 20, 2009 4:16am
Quoting FX__jake
EUR/AUD
Sold at 1.8164
Profit at 1.7750
Stoploss at 1.8520
Sorry Woodly, I called you "Woody" in the last post.

Anyway, this one went pretty far, so I put the stop at +10 pips after it ran in the expected direction over 100 pips.

Then I got stopped out.

I really thought that it would go down below 1.7980 or whatever the low was during Asian session, but turns out I was wrong.
  • #57
  • Apr 20, 2009 10:22am Apr 20, 2009 10:22am
Looking forward to the next trade.

I should have put a trailing stop on that last one.
Good call.
  • #58
  • Apr 21, 2009 6:34pm Apr 21, 2009 6:34pm
Maybe a short on USDCAD and EURCAD, who knows...... will watch these tonight.
  • #59
  • Apr 22, 2009 5:31am Apr 22, 2009 5:31am
Sold at 1.2396
Stop at 1.2520
Profit at 1.2200
Attached Image
  • #60
  • Apr 22, 2009 5:33am Apr 22, 2009 5:33am
Quoting bcp1
Hi Jake

Another interested trader, keep up the good work. I'm UK based so some of the signals will pass me by - but plse keep posting.

Cheers
Gavin
Hi Gavin

Most of my entries are during the early London session, so I think you are awake......unless you are a night security guard.

Or, maybe you mean that you are working and don't have time to check charts???

Happy Trading!

FXjake
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