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Trading Live With Simplicity!!!

Quoting PipHacker
Here is the daily chart of Usd/Chf & i have placed My S/R Lines on it which are looking good. So Here is my this live trade with my live Pending order.

I,ll Go Long OnThe Break Of 1.0985

Target +20 to +50 Pip's
But here im expecting some good Pips if Resistance line Break's coz it's a daily Chart & candles formation with price action will make W-Shape if Resistance Line Breaks
Lets See.
Pip!
Hi Guy's
I have posted My this Usd/Chf live trade with live Pending Order in last week & Said I,ll Go Long Onthe Break Of Resistance Line 1.0985. But This Pair first moved down & break it's Support Area & move down Almost for +100 Pip's but after that retraces back & showed a very strong bullish move infact it was a strong fundamental move which pushes this pair back to resistance area & it breaks the resistance line. The candle which breaks the resistance line already showed very strong bullish & also at end breaks the Resistance Line & after the break Moved Up for +36 Pip's. Usually i dont risk to target more inthis kind of situation Anyways it was a daily chart on which my setup was based & also it was the closing session so i just target +20 Pip's which successfully achieved. If My setup was on 4-Hour chart than maybe i target more Pip's. It was another Good Live Trade, Have a look on Chart.
Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf2.gif Size: 39 KB
Hey Guy's
Here is the 4-Hour Chart of Usd/Cad. I Have Placed My S/R Line's on it seems a good set Up. So Here are my live pending order's!

Long OnThe Break Of 1.1637
Short OnThe Break Of 1.1418

Target +20 to +50 Pip's

Hope so if Support Line break's than this Pair will show good bearish move coz it already showed enough bearish movement in a daily chart. Let's see.
Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 46 KB
  • Post #143
  • Quote
  • Edited at 3:42pm Jul 16, 2009 11:15am | Edited at 3:42pm
Quoting PipHacker
Hey Guy's
Here is the 4-Hour Chart of Usd/Cad. I Have Placed My S/R Line's on it seems a good set Up. So Here are my live pending order's!

Long OnThe Break Of 1.1637
Short OnThe Break Of 1.1418

Target +20 to +50 Pip's

Hope so if Support Line break's than this Pair will show good bearish move coz it already showed enough bearish movement in a daily chart. Let's see.
Pip!
+17 Pip's on this trade. I was bit busy so posted late here. I have yesterday locked some very good Pip's in Gbd/Jpy trade by going long as there was a W-Sahpe candles formation. This pair showed a very good bullish move. Anyways i am bit lazy also That's why didnt posted that trade here lol
Pip!
Yes Keep the great work
Quoting PipHacker
Hey Guy's
Here is the 4-Hour Chart of Usd/Cad. I Have Placed My S/R Line's on it seems a good set Up. So Here are my live pending order's!

Long OnThe Break Of 1.1637
Short OnThe Break Of 1.1418

Target +20 to +50 Pip's

Hope so if Support Line break's than this Pair will show good bearish move coz it already showed enough bearish movement in a daily chart. Let's see.
Pip!
Mr. Pip Sir, why have you stopped posting your trades here? It would be very helpful for Newbees like me here in FF. Pl. continue to show us your daily trades that you take.
Thanks in advance.
  • Post #146
  • Quote
  • Edited at 10:30am Feb 13, 2010 10:19am | Edited at 10:30am
Excellent Trades All The Way PipHacker.. Your way for finding S/R's are really unbeaten. Try to post some trades whenever possible..

Also, Can you explain me whats that magical levels of 20, 50 , 70 of Tp and SL 120 pips?? How do you arrived at those levels???

Happy Trading..!
Quoting Vinstein
Excellent Trades All The Way PipHacker.. Your way for finding S/R's are really unbeaten. Try to post some trades whenever possible..

Also, Can you explain me whats that magical levels of 20, 50 , 70 of Tp and SL 120 pips?? How do you arrived at those levels???

Happy Trading..!
Thanks Vinstein
I just follow my own made rules (Which i also have described in my first post of my this thread)
Its very simple ...For example if I Just open a blank chart of G/J With no indicator than i try to figure out the alphabatic shapes(see 1st post) made by candles and place my S/R Lines...
& about the Magical levels ur talking about the tp is very simple... there are lot more factors like main trend in our direction, peak trading time & also depends on the pairs movement in which i place my lines... Like i know Gbd/Jpy have a very strong potential to move more than +100 Pips in a day so thats why my target profit is high onthis pair as compare with others and same is with gbd/chf ..... Also if i place my lines on daily charts on non-volatile pairs than also my tp is high and only incase if price breaks line in peak trading time...
Thats all ...Hope it helps you
Hey Pip, Such a simple and wonderful method buddy.. Made 100% in just 10 trading days with this method.. But that's in demo.. Yet to wet my hands in Live... But would like to trade in demo account for another month to gain some more confidence on myself..

See ya!
  • Post #149
  • Quote
  • Edited at 10:32pm Mar 12, 2010 10:17pm | Edited at 10:32pm
Been reading this journal..good results congrats..

Your trading method is a bit unique to say the least..

You are buying at resistance and selling at support.. and your sl is many times your tp. This is against many of the "rules"..but the strange thing is you're getting consistent wins.

I think the key is the chart pattern V W etc.. keep up the good work!
Quoting iezzzwan
Been reading this journal..good results congrats..

Your trading method is a bit unique to say the least..

You are buying at resistance and selling at support.. and your sl is many times your tp. This is against many of the "rules"..but the strange thing is you're getting consistent wins.

I think the key is the chart pattern V W etc.. keep up the good work!
Thanks !
Im trading with some rules and im very stick to my rules & Yes i just follows chart pattern shapes & thats it ...Results are very good so far
piphacker, it would be very helpful if you could continue to post additional trade information. I can always see, after the fact, when a good trade opportunity has occurred. But it's not always so easy to see it as the opportunity is setting up.

I really like this method...in the short time i have been trying to perfect the use of it, i have found there are some additional things i must look at in order to take advantage of the good opportunities but pass on the poor ones. As you are watching for the next trade opportunity, your posts could be invaluable to many here.

The things i would be interested in seeing are
-your first observation of a potential setup,
-your thoughts about price action as the R/S is approached--what do you look for in price action at this time? Is there anything in particular?
-just before the trade hits, are you ever hesitant about entering a trade? Or are you always confident?
-Are you confident enough that you can set the entry, SL & TP, and then just walk away? Or do you always find it necessary to manage the trade?
-do you allow your trades to get sufficiently far in the positive range that you move your SL to BE or perhaps 20 pips, then walk away?

I don't believe i need to see more charts. Your system is simple enough that what you have posted already makes your price points and S / R quite clear.
Hi Piphacker,I know you havn't posted here for a while but wanted to say that I have just read the whole thread and wanted to say a big thankyou .Its also a shame though that you are not carrying on posting your charts with set ups.If you don't want to carry on with the thread would it be possible if someone else could take over.
P
i have also noticed that a pond like shape appears when u put rsi,stochastic nd momentum 1hr in one,when all three make the pond shape it means buy,most of the times,i also started using htv indicators trix and corals and it helps a lot,

these are some of the samples
WARNING,DO NOT USE THIS STRATEGY IN BUYING DOLLARS,AT LEAST FOR A MONTH MORE,UNTIL THE DOLLAR COLLAPSE GOES AWAY


http://i53.tinypic.com/118ejae.jpg
http://i51.tinypic.com/indb2g.jpg

http://i53.tinypic.com/25f2hp4.jpg
Quoting podgy
Hi Piphacker,I know you havn't posted here for a while but wanted to say that I have just read the whole thread and wanted to say a big thankyou .Its also a shame though that you are not carrying on posting your charts with set ups.If you don't want to carry on with the thread would it be possible if someone else could take over.
P
Hello Podgy!
Thanks for that ! Anyways im still trading this method even with the same success rate but coz of some reasons i didnt post here from long time, Anyways i got lot of emails also abt tht ,,, I,ll try to start posting here soon again...
Quoting dragan53
i have also noticed that a pond like shape appears when u put rsi,stochastic nd momentum 1hr in one,when all three make the pond shape it means buy,most of the times,i also started using htv indicators trix and corals and it helps a lot,

these are some of the samples
WARNING,DO NOT USE THIS STRATEGY IN BUYING DOLLARS,AT LEAST FOR A MONTH MORE,UNTIL THE DOLLAR COLLAPSE GOES AWAY


http://i53.tinypic.com/118ejae.jpg
http://i51.tinypic.com/indb2g.jpg

http://i53.tinypic.com/25f2hp4.jpg
Wrong Post in a wrong thread
Quoting PipHacker
Wrong Post in a wrong thread
Hey bro
Long time nothing from you!!
Still remember me, I always remember the good friends who help me in my early days of trading forex
This great guy was first one telling me about TL
Quoting egkid
Hey bro
Long time nothing from you!!
Still remember me, I always remember the good friends who help me in my early days of trading forex
This great guy was first one telling me about TL
Hi2 Hoz u Bro??? How can i forget u? Nice to cu after a long time lol Hoz ur trading going on?

I was bit busy in my other business also so thats y post less here. Anyways Nice to see you with good trading growth,,,
Hi PipHacker,

I am a forex newbie and I am learning your system as it is very simple. Please tell me what pattern is formed in the pictures of post 5 and post 10 as I not able to see the patterns.

Thanks
Quoting sspremj
Hi PipHacker,

I am a forex newbie and I am learning your system as it is very simple. Please tell me what pattern is formed in the pictures of post 5 and post 10 as I not able to see the patterns.

Thanks
Hello sspremj!
Thanks for feedback, well both r big V's,,,
Quoting PipHacker
Hello sspremj!
Thanks for feedback, well both r big V's,,,
Hi
Any view for e/u or g/u?
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