10 pips / day (NBoP)

[perfectsun]

As I see it, U entered one candle to late. The small green candle should be your trade, and the trade closed after it. So I belive you would be at BE or maybe some plus.

Well, it does not go in that direction all the times, you check all the posts and pictures. We all lose sometimes, but mostlly it works great. This was just not the good trade example. U waitt for another signal, It will come and you will see it work.

[PIPology]

From you picture I see one thing Wrong: You traded before 6AM GMT And that's not recommended Order is market one, you enter at that moment instantly. You always must take the spread into consideration. I would suggest to put 10 pips profit minus spread and that's a sure thing. If you have 4-5 spread (bad broker) you must place your Profit Limit at 5 pips away from entry level.

Originally Posted by blik2

Hi,

I'm new to this thread, but when I saw NBoP and the accuracy by back testing it last week, I said to myself I have to give it a shot. So today (by the way I'm from Malaysia), when I saw the signal in the USDJPY,I took a trade in a demo account but the trade does not go my way. Here I attached the shot from the trade. Can you give an opinion of what really happen because I want to know whether it is my mistake in interprating the signal?

I also want to know what type of order for nbop, market or entry order cos the condition for entry like u said is the closed of the candle, so do the trade is taken immediately after a candle is closed? for example for a buy setup, do I need to add the spread to the closing price of the signal candle?

Hope anyone can give me a light on this.

Thanks.

[PIPology]

Hello my friends,

GBP/USD is a remarkable pair that gave a great profit today.

Here is the chart:



Perfect setup, all indicators in our favor.
Entry: SELL 2 lots @ 1.9915
Time of trade: 3-5 minutes
Target hit: 1.9905

Profit for today 10 pips x 2 lots x $10 per pip = $200

Fast and smooth.

Happy PIPpin' !

[blik2]

Thanks for the fast reply. I think i will continue using this strategy for small but consistent profit. By the way, after my loss trade, another signal comes along for usdjpy at 600 gmt and it goes the way the system wants it to.

[perfectsun]

I just wanted to post the same trade lol,

On my broker it went down with the first candle only 8 pips and with the next one to the target even though that is outside the rules, I kind of think if the next candle is in the right direction it will go anyway.

On your picture the TP is only 9 pips not 10, but good trade today. There might be still more to come,

happy pippin!

[PIPology]

Hello my friends,

Today was a great day. I had to run after I placed the trade and I didn't have time to update the threads and website with new profit and images of the trade.

So bellow you will find the first picture of the entry moment and second the complete trade:





Almost perfect setup. Why "almost" ? Because the TL was missing and that gave me some bad feelings. usually when a TL is not present there is more uncertainty and if you look now at USD/CAD the market turned the price down and now we can think that at that point with yesterday's high will form a TL for tomorrow or later today.

Entry: 9.00AM GMT: BUY 2 lots @ 1.0146
Time of trade: Aprox 15-20 minutes
Target hit: 1.0156

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

Great day

[perfectsun]

well, a bad day for me. I didn't know you were looking at other pairs as well.

I took another trade this morning, perfect setup that went wrong. Let me post pictures. It was CAD-JPY

Entry sell 104.482, 2 lots* 10 Eur
SL based on a system: 104. 58

[PIPology]

Originally Posted by perfectsun

well, a bad day for me. I didn't know you were looking at other pairs as well.

I took another trade this morning, perfect setup that went wrong. Let me post pictures. It was CAD-JPY

Entry sell 104.482, 2 lots* 10 Eur
SL based on a system: 104. 58

That's part of the "game". So you lost 10 pips. That's great. You did well by keeping tight to your stop loss. Congrats, that's a good trade in the end because you didn't lose more and you can move forward with a small loss.

Happy PIPpin' !

[enochbenjamin]

A little late, this is EUR.JPY from Thursday.

I got a bit more than 10 pips, but then the pairs that inculde JPY tend to move a lot more than other pairs. To keep the risk the same I took 3/4 of a lot instead of a full lot and increased the stop and TP to 15 pips. Have a look...

[enochbenjamin]

Quick two questions -

1) what width do you use on your regression channel settings?

2) What type of channel are you using? Raff, Standard error channel or Standard deviation channel???

Thanks in advance.
Enoch