10 pips / day (NBoP)

[Sweet Pip]

Originally Posted by PIPology

You're a "Superior Master Contributor and Member" and you don't know that RegChan from MetaTrader has no "parameters" ? That's BAD ! And I don't any meters, advisors or such things, I prefer to keep it simple and clear for everyone. Anyother intervention will annoy the traders.

TRO, I shoulda warned you...he bites

[PIPology]

Originally Posted by erdah

Hi,

This system suits me very well, I've been using it for a couple of months now. But the last couple of weeks there hasn't been many good signals. Is it often like this or is it because of the emotional market?

Market is always emotional, and it's true, the last weeks were chaotic without many signals. I pretty sure things will clear a little after this strong retrace of the USD.

Now let's get back to today's trade. GBP/USD did it again. Here's the chart:


Perfect setup.
Entry: BUY 2 lots @ 1.7817
Time of trade 10-15 mins
Target hit: 1.7827

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

That's all, now I'm going back to sleep

Happy PIPpin' !

[PIPology]

Hello my friends,

I just want to leave a short line because I have to leave again and tell you that I didn't abandoned the project "10 pips per day", but at this moment market is ranging big time and I rather prefer to stay out or wait a perfect setup than lose money. Until now I didn't see a perfect setup so I hope to see you soon with more pips added to daily profit.

Currently I'm developing a M5 strategy based on a Perfect Candle setup and hope to share it with you soon because it already gives good signals and brings daily profit.

Happy PIPpin' !

[PIPology]

Hello again my friends,

It seems markets started to move a little since Buffet bought $5Bn of shares on Wall Street so I must thank him for this because we had another great trade today.

Here is the chart:



We are talking about GBP/USD, the pair that gives most of signals and profit on my strategy.

Entry: BUY only 1 lot @ 1.8471
Stop Loss: Didn't have time to set it
Target HIT in less than 5 minutes.

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

Why I entered with only 1 lot ? Because there was no TL broken. I wanted to be careful and I was right. Break of RegChan and a 38.2% Fibonacci (draw in Daily) level.

GBP/USD ranged in the past days, but today that situation ended fast. Let's hope more signals will follow next week.

Tomorrow is Friday so be careful, it will be very tricky.

Happy PIPpin' !

[The_Snowman]

Or was this a test to see who is paying attention?

Originally Posted by PIPology

Hello again my friends,

It seems markets started to move a little since Buffet bought $5Bn of shares on Wall Street so I must thank him for this because we had another great trade today.

Here is the chart:



We are talking about GBP/USD, the pair that gives most of signals and profit on my strategy.

Entry: BUY only 1 lot @ 1.8471
Stop Loss: Didn't have time to set it
Target HIT in less than 5 minutes.

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

Why I entered with only 1 lot ? Because there was no TL broken. I wanted to be careful and I was right. Break of RegChan and a 38.2% Fibonacci (draw in Daily) level.

GBP/USD ranged in the past days, but today that situation ended fast. Let's hope more signals will follow next week.

Tomorrow is Friday so be careful, it will be very tricky.

Happy PIPpin' !

[The_Snowman]

All out trading this stuff I guess, DOW down 500 points

Another question, what happened to "let your profits run" nobody mentioned that before, seems like a trailing Stop Loss would catch lot of the bigger runs like today? Why settle for 10 pips?

[PIPology]

This is the strategy, these are the rules. You can adapt it and make your own rules.

[The_Snowman]

Originally Posted by PIPology

This is the strategy, these are the rules. You can adapt it and make your own rules.

Well. I just thought that sitting around watching all those 30 minute bar to form into the setup, then seeing the market drop away so quickly when the setup is successful............. combined with the trading software available nowadays, quite easy to grab the required 10 pips, then trailing stop to grab some more.........

[PIPology]

Hello again my friends,

Today was a very spooky day in Forex but it came with some profit.

Trade of the day: EUR/USD

Here is the chart:


Signal @ 12.00 GMT when 2 EMAs crossed. 13.00 GMT price closed under the RegChan. 14.30 MACD turned down.

Entry @ 15.00 GMT with SELL order @ 1.3649 with only 1 lot
SL: never hit
Target hit in 10 minutes.

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

That was all for today.

Happy PIPpin' !

[Piplikeme]

System is very simple, filtered by other indicators, as follows:

- Timeframe: 30M
- 8 EMA (applied to Close) & 13 EMA (applied to Open)
- Trend lines & Regression channels to help spotting intraday breakouts
Filters:
- 8 %R (levels -80 and -20 visible) over 13 RSI (applied to Open)
- MACD (13, 21, 8)

First, I want to say thank you for sharing this valuable information. Second, this is my first time participating in the chat room, so here it goes!

I need clarification on one thing about your system, the rest I am more than comfortable with. With 8 EMA applied to the Close, and 13 EMA to the Open, do you mean the open/close of the candle, or is it applied to yesterday's close and today's open of the respective currency being traded?