FXJake's Free Pips | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My Fix Plan: SL 20 pips & TP 5 pips 4 replies

Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies

Flappy Pips - How to keep your hard earn PIPS 7 replies

I lose 40 pips and win 6 to 10 pips... 17 replies

spread on GBP/JPY @ alpari is 12 pips intead of 7 pips they claimed to be 6 replies

Attachments: FXJake's Free Pips
Exit Attachments

FXJake's Free Pips

  • #61
  • Apr 22, 2009 5:49am Apr 22, 2009 5:49am
Several people have asked me to explain the trades. They are basically all the same.

Price hits support/resistance zone, pauses.

I look for price to go to the next (minor) support/resistance zone.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD4hr_big.jpg Size: 103 KB
  • #62
  • Apr 23, 2009 4:27am Apr 23, 2009 4:27am
Quoting FX__jake
Sold at 1.2396
Stop at 1.2520
Profit at 1.2200

Out with 20 pips, this price action is too choppy for me and I am not convinced it is going down.

[Now watch it tank 300 pips.]
Attached Image
  • #63
  • Apr 26, 2009 6:48pm Apr 26, 2009 6:48pm
Short the GBPUSD from 1.4658
Stop 1.4780
Target 1.4580


p.s. The USDCAD really did go 300 pips, got out about 5 min too early.
Attached Image
  • #64
  • Apr 26, 2009 9:16pm Apr 26, 2009 9:16pm
Quoting FX__jake
Short the GBPUSD from 1.4658
Stop 1.4780
Target 1.4580

Stop at breakeven as this has gone over 50 pips
Attached Image
  • #65
  • Apr 26, 2009 11:12pm Apr 26, 2009 11:12pm
Quoting FX__jake
Short the GBPUSD from 1.4658
Stop 1.4780
Target 1.4580

Trade closed at 1.4585 for +73 pips
  • #66
  • Apr 26, 2009 11:21pm Apr 26, 2009 11:21pm
Quoting FX__jake
Trade closed at 1.4585 for +73 pips
ooops, forgot to attach the chart..........
Attached Image
  • #67
  • Apr 26, 2009 11:26pm Apr 26, 2009 11:26pm
Awesome trade Fxjake...
  • #68
  • Apr 27, 2009 4:46pm Apr 27, 2009 4:46pm
Quoting sherminator
Awesome trade Fxjake...
Hey thanks, I actually don't think it was that good, I haven't been trading very well the past week. This one went further after pausing at that minor support/resistance zone around 1.4585 and went as low as 1.4515 - so I would give myself a "C" on this one.

I actually find it easier to take 2 positions, take profit once it hits the first minor supp/resis zone on 1 position, and then let the other position ride to see how far it can go...... in this case it probably would have meant another 30-60 pips, but sometimes that second position actually makes less.
  • #69
  • Apr 28, 2009 6:38am Apr 28, 2009 6:38am
Sold at 1.8512
Stop at 1.8628

1st target at 1.8324
2nd target is open

Will attach chart in a moment.
  • #70
  • Apr 28, 2009 6:44am Apr 28, 2009 6:44am
Bought CADJPY at 78.74

Stop at 77.99

1st target at 79.24
2nd target open

In a moment I will put the chart up...
  • #71
  • Apr 28, 2009 6:54am Apr 28, 2009 6:54am
Quoting FX__jake
Sold at 1.8512
Stop at 1.8628

1st target at 1.8324
2nd target is open

Will attach chart in a moment.

Here's the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_entry.jpg Size: 41 KB
  • #72
  • Apr 28, 2009 6:57am Apr 28, 2009 6:57am
Quoting FX__jake
Bought CADJPY at 78.74

Stop at 77.99

1st target at 79.24
2nd target open

In a moment I will put the chart up...

...and here is the CADJPY chart, just wanted to get these trades out there as quickly as possible, the charts take a few minutes to get together.....
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY_entry.jpg Size: 33 KB
  • #73
  • Apr 28, 2009 10:25am Apr 28, 2009 10:25am
Cad/Jpy hit profit 1..what is the second profit level Jake?
  • #74
  • Apr 28, 2009 4:23pm Apr 28, 2009 4:23pm
Eur/Aud stop loss hit...
  • #75
  • Apr 28, 2009 6:47pm Apr 28, 2009 6:47pm
Quoting FX__jake
Bought CADJPY at 78.74

Stop at 77.99

1st target at 79.24
2nd target open

In a moment I will put the chart up...
Going for 80.00 on this one.
  • #76
  • Apr 28, 2009 6:48pm Apr 28, 2009 6:48pm
Quoting sherminator
Cad/Jpy hit profit 1..what is the second profit level Jake?
Going for 80.00 - the red line on post #72
  • #77
  • Apr 28, 2009 6:50pm Apr 28, 2009 6:50pm
Let's try this again.

Sold at 1.8600
Stop at 1.8657

1st target 1.8510
2nd target open (maybe the pair will get to 1.8200 again, or lower)
Attached Image
  • #78
  • Apr 28, 2009 6:57pm Apr 28, 2009 6:57pm
Sold at 0.7060
Stop at 0.7106

1st Target 0.6995
2nd Target Open
Attached Image
  • #79
  • Apr 28, 2009 7:15pm Apr 28, 2009 7:15pm
what a drop on eur/aud...awesomee...
  • #80
  • Apr 28, 2009 7:30pm Apr 28, 2009 7:30pm
Quoting sherminator
what a drop on eur/aud...awesomee...
Yeah, obviously it took out the 1st target at 1.8510, now we see if it can break that minor support and go really low......hmm.
0 traders viewing now