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600 Pips a Month with Shahab and GeppyG

  • #281
  • Jun 8, 2010 8:34pm Jun 8, 2010 8:34pm
Hi fellow traders! Let's just take a moment to say thanks to both Geppy and Shahab for this uninterested work. May the pips be with you!

Just one observation, last 2 trades, (E/U and A/J) were not updated in the live trades thread. I almost missed the entries; managed to enter on the low levels but managed it close.

Let's hope this trades turn to what we expect. If not, then no worries for me! Still demoing but trading and considering play money as if it were real!
  • #282
  • Jun 8, 2010 8:57pm Jun 8, 2010 8:57pm
Quoting shahab8b
Trade Signal Number 17
USDCAD long at 1.0465-80
SL=1.045
1stTP=1.0650, 2ndTP=1.08
Time Frame of the Trade: 2-4 days
Reasons:
1-Fib level
2-Monthly pivot
3-Support level
4-TL
Are you not concerned with rising crude oil futures?

Enjoying your threads and hope you don't mind the questions.
  • #283
  • Jun 8, 2010 9:04pm Jun 8, 2010 9:04pm
Quoting shahab8b
Trade Signal Number 17
USDCAD long at 1.0465-80
SL=1.045
1stTP=1.0650, 2ndTP=1.08
Time Frame of the Trade: 2-4 days
Reasons:
1-Fib level
2-Monthly pivot
3-Support level
4-TL
Here is my TL's:
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Failure, is a wonderful teacher!
  • #284
  • Jun 8, 2010 9:31pm Jun 8, 2010 9:31pm
Quoting shahab8b
Is any one short A/J here?
I am short @ 75.40
  • #285
  • Jun 8, 2010 9:33pm Jun 8, 2010 9:33pm
The open positions:

#13 G/U short from 1.4430
#15 A/J short from 75.45
#17 U/Cad long from 1.0475
  • #286
  • Jun 8, 2010 9:38pm Jun 8, 2010 9:38pm
A/J short from 75.45 made +30*2=60 pips so far, I'm waiting to see a hr candle close below daily pivot so we can move SL>B/E
  • #287
  • Jun 8, 2010 9:42pm Jun 8, 2010 9:42pm
where do u see the G/U pair going ?
any down channel to touch 1.4400 or below. I am short at 1.4460
Please tell me
  • #288
  • Jun 8, 2010 9:44pm Jun 8, 2010 9:44pm
Guys , be careful with your risk, all the trades on these pairs all highly correlated. Do not risk more than 1-2% per trade. If you risk 2% per trade your overall exposure will be 6% for all 3 which is too high, you should keep the total correlative exposure below 3%, if trade all 3 pairs risk 1% per trade
  • #289
  • Jun 8, 2010 10:02pm Jun 8, 2010 10:02pm
Quoting shahab8b
Guys , be careful with your risk, all the trades on these pairs all highly correlated. Do not risk more than 1-2% per trade. If you risk 2% per trade your overall exposure will be 6% for all 3 which is too high, you should keep the total correlative exposure below 3%, if trade all 3 pairs risk 1% per trade
Here is a correlation map for E/U which may help some people. Red is reinforcing, Blue is correlation in opposite direction..
Attached Image
  • #290
  • Edited 10:52pm Jun 8, 2010 10:08pm | Edited 10:52pm
Trade Signal Number 15; Update
A/J short from 75.45, TP at 75.15 (+30 pips) SL>B/E for the 2nd
  • #291
  • Jun 8, 2010 10:14pm Jun 8, 2010 10:14pm
Quoting anti
where do u see the G/U pair going ?
any down channel to touch 1.4400 or below. I am short at 1.4460
Please tell me

We have SL for G/U short at 1.4478 , if you are short from 1.4460 TP on half and the rest SL>B/E
  • #292
  • Jun 8, 2010 10:38pm Jun 8, 2010 10:38pm
For newbies,
Take a look at the level that I'm looking, (A/U chart).
We stopped out due to an error from my side using a tight SL but the level didn't fail
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  • #293
  • Jun 8, 2010 10:49pm Jun 8, 2010 10:49pm
Trade signal Number 17: Update

We TP on one long U/Cad from 1.0475 at 1.050 (+25 pips), for the 2nd SL>B/E
  • #294
  • Jun 8, 2010 11:43pm Jun 8, 2010 11:43pm
Who is long U/Cad (#17) with us?
  • #295
  • Jun 8, 2010 11:44pm Jun 8, 2010 11:44pm
Are the TP's and SL's for both EU and GU are still the same?

EU --> TP 1.1830 SL 1.2010

GU --> TP 1.4350 SL 1.4478


Thanks in advance guys!!

Oh, BTW, I just closed both AJ and UC for a combined total of 49.3 pips!

I was long in UC but I just take 1 trade, so I closed at TP1 for a nice 20 pips!
  • #296
  • Jun 8, 2010 11:48pm Jun 8, 2010 11:48pm
Quoting chano12
Are the TP's and SL's for both EU and GU are still the same?

EU --> TP 1.1830 SL 1.2010

GU --> TP 1.4350 SL 1.4478


Thanks in advance guys!!

Oh, BTW, I just closed both AJ and UC for a combined total of 49.3 pips!

I was long in UC but I just take 1 trade, so I closed at TP1 for a nice 20 pips!
Yes
  • #297
  • Jun 8, 2010 11:56pm Jun 8, 2010 11:56pm
dear Shahab & Geppyg possible to provide your signal in organized table see sample
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GREENIUS
  • #298
  • Jun 8, 2010 11:58pm Jun 8, 2010 11:58pm
I got 25 pips on AUD/JPY, thanks.

Can I still open a long position on USD/CAD

Thanks again
  • #299
  • Jun 9, 2010 12:13am Jun 9, 2010 12:13am
Quoting FukuokaFX
I got 25 pips on AUD/JPY, thanks.

Can I still open a long position on USD/CAD

Thanks again
The entry was 1.0465-80 so you missed it, but if you use small size and wanna keep it for a while you can still take it. Switch to your 1min chart, look at RSI(14) whenever you see it below 30 buy, with SL & TP as #17
  • #300
  • Jun 9, 2010 12:27am Jun 9, 2010 12:27am
USDCHF
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