10 pips / day (NBoP)

[PIPology]

Because today was a weak day for trading I would like to show you how you can adjust Regression Channels according to price movements.
This can be done when price gets out of channel but doesn't move anywhere, and it's ranging.
So, we can adjust Regression Channel to see when price breaks out


Now we can see where price can go or where it finds support and jump. Easy, ha ?

Good luck catching the signals and happy pippin' !

[8toenails]

Hi PIPology!

Can you please contact me? I need to run some things by you if you have a moment.

Thanks!
8

tradingbenjamins [at] yahoo [dot] com

Originally Posted by PIPology

Because today was a weak day for trading I would like to show you how you can adjust Regression Channels according to price movements.
This can be done when price gets out of channel but doesn't move anywhere, and it's ranging.
So, we can adjust Regression Channel to see when price breaks out

I made this video for you to see how can be done:

YouTube - Regression Channel Adjusted

Now we can see where price can go or where it finds support and jump. Easy, ha ?

Good luck catching the signals and happy pippin' !

[PIPology]

Originally Posted by 8toenails

Hi PIPology!

Can you please contact me? I need to run some things by you if you have a moment.

Thanks!
8

tradingbenjamins [at] yahoo [dot] com

You can use PM. Please keep my topic clean if you are offtopic.

[cadarkitek]

Originally Posted by PIPology

Hello friends,

Perfect entry: SELL with 2 lots at 99.03
Time of trade: 5 minutes
Profit: 2 lots x 10 pips/lot = 20 pips x $10/pip = $200

Happy PIPpin day !

Quick question: I looked at your chart and saw where you short @ 99.03 and exit at 98.93, thats exactly 10 pips, what about the spreads?

[enochbenjamin]

I trade with interactive brokers and the spread on most pairs I trade is usually less than 1 and the commission is .2 basis point. So in my humble opinion, if you can pull 10 pips out of the market daily, you should be willing to eat the spread and/or commission.

Just my 2¢

[uptick]

Originally Posted by PIPology

Hello,
I would like to share my signals with everyone. This will bring you 10 pips / day.

What means NBoP ? No Bull$hit or Promises

Strategy is very simple: 2 EMAs, one applied to close and one to open. Signals are triggered by MACD.

I will get back soon with entry points.

thanks

Hey Pipology,

I use a similar strategy where I get 10-15 pips per trade. One thing i did notice is that when i quickly looked at all the postings, i didnt see one posting regarding your Stop Loss.

What kind of stop do you use?

Thanks!

[PIPology]

Hello friends,
I was out of town today. Does anyone spotted any signal ? Anyway I will post on my website more about today after a little analysis. And I will post a third pipology lesson

Originally Posted by uptick

Hey Pipology,

I use a similar strategy where I get 10-15 pips per trade. One thing i did notice is that when i quickly looked at all the postings, i didnt see one posting regarding your Stop Loss.

What kind of stop do you use?

Thanks!

If you read carefully the thread you will find what stop loss I use.

Originally Posted by cadarkitek

Quick question: I looked at your chart and saw where you short @ 99.03 and exit at 98.93, thats exactly 10 pips, what about the spreads?

If you were looking on my website I already mention my spreads. It's your problem if your broker gives you EUR/USD with 5 pips spread. That's not a broker, that's a thief. My usual spreada are 0 or 1. And as a beginner you don't need to trade as many pairs as me. You can find a broker that gives you spread 0-1-2 on EUR/USD, GBP/USD and USD/JPY and that's enough. These 3 pairs give per week at least 40 pips.




Happy pippin.

[uptick]

ahh found it. 10 pips + spread. that's exactly how i do it.

very cool. thx.

keep up the good work.

[PIPology]

Hello my friends,
Today was a choppy day but a favorable one for my strategy.

Here is the chart:


Signal:
2 EMAs crossed at 12.00PM GMT
MACD turned down at 13.00 GMT
At 13.30 GMT W%R retraced above -80 level
Price under the 2 EMAs
Perfect signal !

Entry: SELL 2 lots @ 98.21
SL: 98.39 (high of closing bar) + 10 pips + 1 spread = 98.50
Exit: 98.11 (both lots)
Time of trade: 25-30 minutes (longer than I expected but profit is profit )

So today's profit: 10 pips x 2 lots x $10/pip = $200

That's all for today, see you tomorrow.

Happy PIPpin' !

[[CK]52cybercity]

Hi, Pipology,

Could you tell me how to get Regression Channels on MT4. I can't find it on my MT4.
Thank you,
52Cyber