10 pips / day (NBoP)

[perfectsun]

the second bad one was cad/jpy today I think round 7 GMT.

I would like just your opininon, I know all trades can not be successful. I made one good today with your system, the problem I have is aiming for 10 pips risking 20 or 25 SL. That is why I want to make sure to enter only 99% good signals.

[PIPology]

Each system, each strategy has its own rules. As long as you keep the rules alive you can't get friied.

I expected a larger chart with your cad/jpy because i told you, it seems Regression Chan was wrong inserted into chart.

About Stop Loss: the only advice I can give you is to enter when you feel it's right for you to enter, at that moment when you see SL is not so far from your daily projected loss (5-10-15 pips). I have trades when I don't enter because SL is too far or when I feel the market very volatile and unstable. It's happening everyday to spot a good signal with SL close and if it gets eaten by the market I don't feel sorry, I lost only 10-20 pips. I will recover them for sure because I like it, I love it and I know I can. Nobody can stop me, nobody can influence me, I'm my boss, I do the rules and I score

In the future if you want me to help you please come with explicit details in order to make an analysis.

Happy PIPpin' !

Originally Posted by perfectsun

the second bad one was cad/jpy today I think round 7 GMT.

I would like just your opininon, I know all trades can not be successful. I made one good today with your system, the problem I have is aiming for 10 pips risking 20 or 25 SL. That is why I want to make sure to enter only 99% good signals.

[perfectsun]

Ok, here is the complete chart with reg. channel.

Please comment.

[PIPology]

Originally Posted by perfectsun

Ok, here is the complete chart with reg. channel.

Please comment.

I am sorry but you placed the RegChan in wrong intervals. In all my pics there's nothing like that. You must draw the RegChan from 00.00 yesterday to 00.00 today.

[perfectsun]

Ok,

I post 4 charts with reg channels form 00-24 yesterday and 00 to 8 GMT today. Which one to use as a brake of reg channel? Do you just extend yesterdays channels into today?

[PIPology]

Hey,
Let me teach you something.

On your MT4, for example, go to your EUR/USD chart, right click on it and click on Properties, then go to upper tab to "Common", on the right side of that window you will find "[]Show period separators". Check that box and click OK. This way you will see when a day starts and when it ends. Just drag your RegChan from starting period to ending period of the previous day.

As per today, I usually don't trade Friday and more, today is a flat day, weak market. See you on Monday.

Happy PIPpin' and Happy Easter !

Originally Posted by perfectsun

Ok,

I post 4 charts with reg channels form 00-24 yesterday and 00 to 8 GMT today. Which one to use as a brake of reg channel? Do you just extend yesterdays channels into today?

[PIPology]

Hello my friends,

Today wasn't such a great day, because GBP/USD tricked us .

Here is what happened:



7.30 AM GMT: Price breaks the RegChan and TL and turns the 2 EMAs (please notice that TL made a big angle with the RegChan - that's not quite good)
8.00 GMT: MACD turns down and W%R above -80 level

Entry: SELL @ 1.9795 with 1 lot (because W%R didn't retrace but continued after a small retrace so I better be careful - and more the big angle between TL and RegChan)
SL: 1.9819 + 10 pips = 1.9829 OR max 30 mins (or at the end of next candle after entry)
Target: 1.9785 (never reached)
Time of trade: 30 mins (exit at close of the candle)

Loss: 1.9795 - 1.9799 = - 4 pips x $10 per pip x 1 lot = $40 pips

Well there were only 4 pips loss or $40. I will recover them for sure in the next days.

Happy PIPpin' !

[perfectsun]

here is the live trdae taken based on our singlas. It was a success, but lucky too, because it just hit target before it turned the other way. I attach pictures.

Gbp/Usd
Entry 1,9871
Target 1,9861
SL 1,9891

Target hit!

[PIPology]

I'm glad to see it worked for you. It's happening all the time to reverse that's why is better to keep the 10 pips profit limit or less if you are too suspicious Better safe than broke.

Getting back to today's trade, it was a real success and as I wanted, I recovered the loss from yesterday's failure and added some more profit because of perfect setup that happened earlier today.

Here is the chart:



I placed a Trend Line (green) between 2 important points (see the chart).
Early in the morning the 2 EMAs crossed very shy, around 2.00 AM GMT
Then,
6.00 GMT: Price breaks the RegChan, but not the TL, and also MACD turned down
6.30 GMT: Price breaks also the TL
(Please notice how TL and RegChan "work" together - this means no angle between them and their levels must be taken into consideration very serious.)
7.00 GMT: Price retraces and W%R confirms by going above the -80 level
Isn't this Setup Perfect ?

So, we enter with confidence:
7.00 GMT: Entry, SELL Order with 2 lots @ 1.9871
Target: 1.9861
Time of trade: approx 5 minutes
Target reached !!!

Profit: 10 pips x 2 lots x $10 per pip = $200 (-$40 from yesterday) = $160

That was all for today. Huh ! So much hard work

See you tomorrow !

And Happy PIPpin' !

[perfectsun]

Hello,

I see we took the same trades. My SL was 1,9891, if I left the trade on, It would be all most hit, but then, look when it went now. Moved 100 pips down...

But I am happy, with your systems my nervs are healthy, which is hard to say for the one I was using before. But I made 50 pips on a regular basics, but I would grow very old in a few years. So I like yours a lot.

Thanks so far, It would be nice to catch you sometime to chat live, since we do the same trading hours...