10 pips / day (NBoP)

[PIPology]

Hello my friends,

Today was a extraordinary day for trading, specially for me or for my strategy.

Here is the chart (excellent sample for retrace and continuation of a mini-trend):



Signals:
2 EMAs crossed at 10.30 GMT
MACD turned down at 11.00 GMT
W%R retraced as I expected

Entry: SELL @ 1.9991 with 2 lots
Target: 1.9981
Stop Loss: 2.0003 (0 pips spread)
Time of trade: 10 minutes
Target reached: 1.9981

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

So, another $200 for today, thanks to GBP/USD.

I will get back later today to explain how long to stay in a trade and when to exit (I will refer to EUR/USD chart from today and what happened at 6.00AM GMT

Happy PIPpin' !


PS: Regression Channel can be found on ANY MT4 platform in top Menu at Insert - Channels - Regression Channel.

[PIPology]

Hello friends,

Today was another good day for trading. There are some things I would like to explain about staying on a trade or not, entering or not on some points.

Here is the successful chart:



Signals:
2 EMAs crossed @ 6.30 GMT
MACD turned up @ 8.00 GMT
RegChan broken @ 8.30 GMT

Entry:
At 9.00 GMT price retraced and W%R gave the signal by going bellow -20 level
Price was above the 2 EMAs
BUY Order: 1 lot @ 99.54
Time of trade: 10 minutes
Target reached: 99.64
Profit: 1 lot x 10 pips x $10/pip = $100

So that was all my trading for today, I have to go now, but not before explaining why I didn't enter on EUR/USD or GBP/JPY.

I attached the 2 charts of those 2 pairs.

Why I didn't enter ? Because W%R crossed with RSI indicator and for me that's not good and the price can move against me. I rather look on other pairs to see any opportunity than to enter with fear or hoping for a good trade. GBP/JPY is a pair where I have 4 pips spread and I don't trust it very much because it can move 50 pips in 10 seconds.

I hope you will understand from the charts.

[ramses]

Are you posting all your trades or just the profitable ones?

[PIPology]

Originally Posted by ramses

Are you posting all your trades or just the profitable ones?

Hey,
The system is very simple to follow and if you pay attention to details and rules you don't lose your money. That's why I explain sometimes my actions, why I'm not entering, when I exit and so on. I'm not selling anything here to have a reason to post all the good trades. There are only 10 pips per day that everyone should earn (if they know how). I don't use "luck" in this business, only knowledge and selftraining.

Happy pippin' !

[PIPology]

Hello dear friends,

I usually don't trade Firday because it can be very chaotic so 90% of cases I'm out for the weekend since Thursday evening

But, CAD/JPY gave a real good signal so I took advantage of it.

Here is the chart and bellow the specs:



Signal:
At 12.00 PM GMT the 2 EMAs crossed
MACD turned down at 15.00 GMT
W%R made a nice retrace above -80 level

Entry:
17.00 GMT: SELL Order @ 97.92 with 2 lots (spread 4)
Stop loss: 98.10 + .04 spread = 98.14
Time of trade to reach target: 10 minutes (because of the spread. if the spread were less than 4 target would have been reached in 3-5 mins)
Target reached: 97.82

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

That's all for today. Have a nice weekend. See you on Monday with more signals, charts and stuff. You can find more about my strategy on my website or you can subscribe to my feed to stay tuned with my signals.

Happy PIPpin' !

[PIPology]

It was a terrible start of the week, the main pairs ranging all day.
So, what I am about to show you today is a part of my strategy and why I respect it so much and Why is important to respect any strategy.

You will see bellow a mini-movie I captured today specially for this Tutorial because I want to point out the importance of Williams %R crossing RSI at a possible signal moment (DEMO account):


So, as I stated before I don't trust the market when W%R crosses RSI. Why ? Because it shows changes in minitrends.

So if I were a greedy trader I would enter in LIVE account when W%R retraced and ignored that it crossed RSI (because all other signals were good: macd, crossing of 2 ema, price above ema, breaking the RegChan) but I respected the rules of my strategy and I'm just happy because in the video above someone would have lost $520 USD. I'm happy that I saved my money and now I expect more signals.

REMEMBER: Always respect your strategy, keep your Stop Loss INTACT, don't move it lower or higher hoping for a better trade, don't waste your money with false thoughts and emotions, keep steady and strong on your principles.

[[CK]52cybercity]

Thanks pipo....

[PIPology]

Hello my friends,

Today was a great day as I expected. EUR, GBP and USD made beautiful moves. So here is the chart for today's trade (EUR/USD):



Signals:
Regression Channel was broker early in the morning at 00.00 GMT
2 EMAs crossed at 8.00 GMT
MACD turned up at 9.30 GMT
At the 4th MACD bar W%R hardly retraced to -20.23 level so that was good
Price aboce 2 EMAs

Entry:
11.00 GMT: BUY @ 1.5641 with 2 lots
Target: 1.5651
Time of trade: 3 minutes
Profit for today: 10 pips x 2 lots x $10/pip = $200 USD

GBP/USD gave a early signal at 7.00 GMT when it broke the RegChan but when price retraced it closed again IN the RegChan so I prefer to forget about it and look for other opportunities on other pairs (like EUR/USD )

That was all for today.

Happy PIPpin' !

[PIPology]

Hello dear friends,

Today was another great day in Forex market. Specially for me and for those of you who trade using my strategy.

Here is the chart for today's trade:



So, as you can see the 2 EMAs crossed twice today until price set a trend.
At 3.00 GMT in the morning price got out of the Regression Channel.
At 7.30 GMT price broke the mini-trendline.
At 8.00 GMT MACD turned down and also made the retrace that we needed to enter. W&R above -80 level so perfect Setup.
8.00 GMT: SELL 2 lots @ 1.9827
Target: 10 pips until 1.9817
Time of trade: 10-15 minutes

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

[Harry Potter]

Hi Pipology!

I like the "hit and run" approach of your strategy. Very nice results too, congrats.

Do you have losing trades too tho?
In post #13 you wrote that your stop is 10pips+spread above the high of entry candle. This is quite a bad risk/reward ratio if you only go for 10pips profit.

What broker do you use, and what pais do you trade?

Thanks!