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Pip Farming

  • #541
  • Mar 6, 2017 4:13pm Mar 6, 2017 4:13pm
2 New swing trades

EURUSD: Short @ 1.0573 SL: 1.0640 TP: 1.0448
USDCHF: Long@ 1.0129 SL: 1.0071 TP: 1.0229
Plan, Prepare, Execute, Repeat
  • #542
  • Mar 7, 2017 3:53am Mar 7, 2017 3:53am
GBPJPY is starting to accelerate to the downside finally....we are at what appears to be a decision point on it here in the 138.50 - 138.85 range. Hold or tank for 200+ more pips. We have moved our stops to lock in a few pips ...now we wait some more.
Plan, Prepare, Execute, Repeat
  • #543
  • Mar 7, 2017 2:27pm Mar 7, 2017 2:27pm
GBPJPY stop moved to 139.60
This pair when taking out the bottom of the 1200 pip wedge pattern should have rapidly accelerated to the downside. It has not so far, so being prudent money managers, we will tighten our stop and lock in the profits we have
Plan, Prepare, Execute, Repeat
  • #544
  • Mar 7, 2017 2:34pm Mar 7, 2017 2:34pm
We have a new entry.....AUDUSD: SHORT @ 7583 SL: 7606 TP: 7523
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_4hr_short_032016.png Size: 51 KB
Plan, Prepare, Execute, Repeat
  • #545
  • Mar 8, 2017 6:31am Mar 8, 2017 6:31am
Quoting swingtrade65
GBPJPY stop moved to 139.60 This pair when taking out the bottom of the 1200 pip wedge pattern should have rapidly accelerated to the downside. It has not so far, so being prudent money managers, we will tighten our stop and lock in the profits we have
Got stopped out on this trade. First entry was +75 pips.... 2nd entry was + 32 and +1 on the last.
Not what we were looking for, but a nice win nonetheless.
We will take it!
Plan, Prepare, Execute, Repeat
  • #546
  • Mar 8, 2017 6:34am Mar 8, 2017 6:34am
Quoting swingtrade65
We have a new entry.....AUDUSD: SHORT @ 7583 SL: 7606 TP: 7523 {image}
Stop Moved....+20 locked in
Plan, Prepare, Execute, Repeat
  • #547
  • Mar 8, 2017 7:40am Mar 8, 2017 7:40am
Quoting swingtrade65
{quote} Stop Moved....+20 locked in

Stop moved again +33 locked
Plan, Prepare, Execute, Repeat
  • #548
  • Mar 8, 2017 10:17am Mar 8, 2017 10:17am
Quoting swingtrade65
{quote} Stop moved again +33 locked
Stop tightened up a little more +40 locked
Plan, Prepare, Execute, Repeat
  • #549
  • Mar 8, 2017 10:26am Mar 8, 2017 10:26am
Hi Swingtrade - subscribed - looks good
  • #550
  • Mar 8, 2017 11:24am Mar 8, 2017 11:24am
Hi swingtrade65,

It looks like you've been trading this strategy for about two years. I'm just curious as to what your equity curve looks like. Any huge drawdowns with this strategy?

Thanks.
  • #551
  • Mar 8, 2017 11:41am Mar 8, 2017 11:41am
Quoting forextrades
Hi swingtrade65, It looks like you've been trading this strategy for about two years. I'm just curious as to what your equity curve looks like. Any huge drawdowns with this strategy? Thanks.
I have traded this way for far longer than 2 years.....it has very manageable DD's and a steady equity curve. I had a long break with this thread due to medical issues...but I hope to be steady in posting some trades now.
Plan, Prepare, Execute, Repeat
  • #552
  • Mar 8, 2017 1:15pm Mar 8, 2017 1:15pm
Quoting swingtrade65
{quote} I have traded this way for far longer than 2 years.....it has very manageable DD's and a steady equity curve. I had a long break with this thread due to medical issues...but I hope to be steady in posting some trades now.
Great to see you in the swing of things ST.
  • #553
  • Mar 8, 2017 2:06pm Mar 8, 2017 2:06pm
Just hit the AUDUSD Short TP @ .7523 for +60

Nice easy trade
Plan, Prepare, Execute, Repeat
  • #554
  • Mar 8, 2017 2:19pm Mar 8, 2017 2:19pm
I just wanted to make a quick note about Risk:Reward

We will always aim for 2:1 or more on the R:R
Do we always make it...NO
Will we take a trade where the R:R is not 2:1 or greater...NO
Why you might ask. Simple, we don't have a crystal ball so when we win we need to make them pay in order to make up for when we are wrong.

Trading really is about 2 little numbers folks. Your Win%..... but MORE important is the R:R

That's it...there is nothing more to it than that. Develop a method for maximizing both of those numbers and you will be in the 5%

Many Pips!

ST65
Plan, Prepare, Execute, Repeat
  • #555
  • Mar 9, 2017 6:20am Mar 9, 2017 6:20am
Quoting swingtrade65
2 New swing trades EURUSD: Short @ 1.0573 SL: 1.0640 TP: 1.0448 USDCHF: Long@ 1.0129 SL: 1.0071 TP: 1.0229
HI ST65, are you still in eurusd short, usdchf long?
  • #556
  • Mar 9, 2017 6:39am Mar 9, 2017 6:39am
Quoting yoko
{quote} HI ST65, are you still in eurusd short, usdchf long?

Yes, I am
Plan, Prepare, Execute, Repeat
  • #557
  • Mar 9, 2017 12:15pm Mar 9, 2017 12:15pm
Just a little something different for you guys....this works on ALL timeframes....just caught a quick 2.5 :1 RR trade for some fun. Risk 4 pips to make 10
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpypro-m5-gain-capital-group.png Size: 27 KB
Plan, Prepare, Execute, Repeat
  • #558
  • Mar 9, 2017 12:20pm Mar 9, 2017 12:20pm
And YES...I really do trade these with real money
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpypro-m5-gain-capital-group-2.jpg Size: 295 KB
Plan, Prepare, Execute, Repeat
  • #559
  • Mar 9, 2017 2:23pm Mar 9, 2017 2:23pm
I was just thinking about what it is we are trying to project here in terms of ideas.

So, bear with me for a moment, I am currently in the process of mentoring 2 individuals. When I think about what I want them to go home with every day in terms of motivation and ideas, it really is very simple. Becoming a profitable trader can absolutely be done. It is not like searching for King Tuts tomb or something as ridiculous as that. Trading profitably is as simply as managing 2 numbers, W/L ratio and R:R. Thats it mate. You can throw darts( I would not recommend this approach) but you could and as long as you managed your risk versus your profit...you would be a winner.

MOST threads on here at FF are about the WRONG thing. Entries are the least important part of the puzzle. Money management and more importantly RISK management are where the money is made.

You need to find a method that allows you to make 2:1 or more per trade and the rest is EASY......

Let us know if we can help

Many Pips
ST65
Plan, Prepare, Execute, Repeat
  • #560
  • Mar 14, 2017 5:06pm Mar 14, 2017 5:06pm
Quoting FOURX
{quote} Great to see you in the swing of things ST.
You should leave FF for being a troll in other threads.
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