10 pips / day (NBoP)

[PIPology]

Trading after RSI crossing is a high-risk move. You do it on your own. I don't recommend it.

Originally Posted by dobro

I hope you will understand from the charts.

Sorry but I don't understand. From what I can see the sucessful trade had a RSI crossing also; the same as the 2 unsuccessful - or I'm not seeing something. Hopefully someone can explain.[/quote]

[janqie]

Hello,
I red all about your system here and tryed to learn and understand it today i took first trade on my real account and get wat i expected it realy works and i like it weary much.thanks for your good work

[perfectsun]

Hello friends, long time no see.

So I just took thi trade, It looked a bit risky to me but W%R prooved it self again.

Nice 10 pips profit in 15 minutes. Good luck to you all!

Let me attach the trade I just took, the fastest in in my history with this system. I missed 10 pips exit cose jumped up 15 pips so I just clicked stop. Othercase, till now, up 40, but my trade allreaady closed.

[PIPology]

Originally Posted by janqie

Hello,
I red all about your system here and tryed to learn and understand it today i took first trade on my real account and get wat i expected it realy works and i like it weary much.thanks for your good work

Glad to see it works for you. But be careful and never hurry. Respect the rules and stay cool even when you lose 10 pips. You will recover them faster than you think.

perfectsun - I see you are taking risks sometimes it works sometimes not.

I didn't have time to trade these days even if some pairs gave excellent signals and profit (for those who caught them).

Happy PIPpin' !

[PIPology]

Many strategies work, many don't

Hello again my friends,

I took a risk and broke one of my own rules about not trading before 6GMT I recovered what I missed this week. Here is the trade I took minutes ago:



00.30GMT: 2 EMAs crossed
1.00GMT: Price broken the RegChan and TL closing above
2.00GMT: Price makes MACD turn UP, and retraces receiving confirmation from W%R going bellow -20 level.
Perfect Setup ! (I was here, too tempting )

Entry:
BUY 2 lots @ 103.66
SL: 103.63 - 10 pips - 3 spread = 103.50 (never reached)
Time of trade: 15 minutes
Target reached: 103.76

Profit: 10 pips x 2 lots x $10 per pip = $200

That's all for today, I don't have to think about other trades till tomorrow. Or maybe I will trade if a perfect setup will show up.

Happy PIPpin' !

[perfectsun]

No, no, I am not risking, I just didn't see the news was coming. About the first trade, It was a perfect signal, but sometimes %R can continue down and turn after second candle. So pictures I took, shows like I took a risky trade. Like I said before the hardest thing is to decide to enter or to wait for another candle, cose %R may go still down(or up) a bit and cross RSI before the reversal. At least for me. But I like the system, It works. I took another trade yesterday, but it took to long to go to the TP so I closed it before with just a little profit. I saw later it went to the TP. Pictures attached.

[perfectsun]

I missed your trade today, than I missed one other and I just took one with success. Pictures attached.

[perfectsun]

Hello all, another quick successful trade today.

Pics attached:

[PIPology]

Hello my friends,

Today was another great day in forex, like yesterday as you saw in perfectsun's post.

Here is the trade for today (GBP/USD):


Setup:
10.00 GMT (12.00 platform hour): I moved the Reg Channel to make a tighter range. At closing of the bar the candle closed a little above the RegChan but not very much. Also MACD turned UP. The 2 EMAs were already crossed.
10.30 GMT: Candle hits the RegChan and price retraces a little. W%R gives the signal for a good entry point.
At this point I took some risk because the price didn't break the RegChan. So I places a strong SL and that was it.

Entry: BUY 1 lot @ 1.9561
SL: 1.9561 - 10 - 1 spread = 1.9550
Time of trade: 5-10 minutes to reach target

Profit: 10 pips x 1 lot x $10 per pip = $100

That's all for today.

Happy PIPpin' !

[perfectsun]

As You did, I did not trade gbp/usd because my channel was not moved, lol, but I took another trade with success.

First entered one lot, one candle later I added one more And it went down to profit. The only mistake was exiting too soon, It made another 45 pips in a few minutes more, but greed got me once, so I am happy with TP. Very happy.