100 Weekly Pips Strategy

dvdey03 · August 29, 2008, 1:06pm

Could you give an example of your process that you used to come up with your trades today.

please be specific.

example: yesterday you went to actionforex and looked at what the news was going to be and saw decided that pigs would fly and thought that that would be good for the usd and bad for gbp so you…

ForexMan93 · August 30, 2008, 2:17pm

First I looked at the Euro and noticed there was a lot of news coming out that day so I figured it would drive the market. I decided to sell the eurgbp because the forecasts on the euro were very optimistic and i didnt believe the news would be that good, and the pound has been on a recent decline so I expect it to retract in the next few trading days. As far as the dollar goes its also been on a strength run the past 2 weeks and and I also expect that to retract so i sold it against the NZD. I bought it against the CAD because i also didnt believe the good forecasts for it and figured that due to the USdollar strength lately it would make a good run on the CAD and it paid off good. Does that answer your question?

ForexMan93 · August 30, 2008, 2:23pm

August 08

week 1 = +65 pips
week 2 = +72 pips
week 3 = -113 pips
week 4 = +14 pips

Total for the month of August = +38

If anyone would like to receive my trades at their email address send me a message and I will add you to my mailing list. Your email will not be share with anyone else.

dvdey03 · August 30, 2008, 3:00pm

Got it, thanx

ronanrphillips · August 31, 2008, 7:03am

Can you please add me to your mailing list. My email address is ronanrphillips athotmail dotcom.

Regards.

TheRumpledOne · August 31, 2008, 3:31pm

ForexMan93:

Hi everybody I have decided to start my own trading strategy based on my own trading knowledge. I will be posting the trades that I take on this thread every day at around 4 or 5 am New York time. My strategy is simple: I take either buy or sell positions on mostly major currency pairs and hold them until halfway through the New York session if they dont hit the stoploss or take profit. The stop loss is 50 pips and the take profit is 100 pips. (except for EUR/GBP, SL is 50 pips and TP is 50 pips. I will count the pips made and lost for this pair as double) I don’t really have a mechanical strategy to post. [B]My positions are based on how I think the news is going to impact that currency pair for that day.[/B] I have been trading for a while like this and I have been doing good so I decided to share them on this thread. If there are any questions I will be happy to answer them.

100 Weekly Pips Strategy:

Positions opened at 4:00 AM or 5:00 AM New York Time.

StopLoss = 50 pips TakeProfit = 100 pips (except EUR/GBP, SL and TP is 50 pips)

If neither SL or TP position will be closed around 12:30pm (give or take 15 minutes)

Number of positions opened at once = 2 to 6 positions

If anyone would like to receive my trades at their email address send me a message and I will add you to my mailing list. I will not share your email information with anyone else.

What news?

How do you arrive at LONG, SHORT or NO TRADE?

FREE MT4 INDICATORS HERE

NEVER LOSE AGAIN!!

ForexMan93 · September 2, 2008, 5:07am

Trades for 9/2

Buy EUR/GBP 0.8123
Buy USD/CAD 1.0716
Sell EUR/CHF 0.6109
Buy Order NZD/USD 0.6825

ForexMan93 · September 2, 2008, 12:21pm

Trades for 9/2

EUR/GBP +40
USD/CAD -50
EUR/CHF +23
NZD/USD +29

Total for 9/2 = +42

ForexMan93 · September 3, 2008, 5:07am

Trades for 9/3

Buy EUR/GBP 0.8131
Sell USD/CHF 1.1154

MoreYummy · September 3, 2008, 5:20am

keep it up forexman

ForexMan93 · September 3, 2008, 12:22pm

Trades for 9/3

EUR/GBP +36
USD/CHF +100

Total for 9/3 +136 pips

ForexMan93 · September 4, 2008, 5:04am

Trades for 9/4

Buy EUR/GBP 0.8143
Sell USD/JPY 1.0838
Sell NZD/USD 0.6866
Sell Order EUR/CHF 1.6025

ForexMan93 · September 4, 2008, 12:05pm

Close Trades for 9/4

EUR/GBP -50
USD/JPY +59
NZD/USD +72
EUR/CHF +89

Total for 9/4 = +170

ronanrphillips · September 4, 2008, 12:45pm

Hi Forexman

It has been an excellent 3 days for your system with 348 pips.

Keep up the good work.

Ronan

ForexMan93 · September 8, 2008, 5:14am

Trades for 9/8

Sell GBP/USD 1.7641

preddy_jr · September 9, 2008, 4:13am

add me to your mailing list
<[email protected]>

ForexMan93 · September 9, 2008, 5:08am

Trades for 9/9

no trades today

ForexMan93 · September 9, 2008, 5:22am

my mistake here are todays trades

Trades for 9/9

Buy USD/JPY 107.82

ForexMan93 · September 10, 2008, 5:07am

Trades for 9/10

Sell order EUR/GBP 0.80.28
Buy order USD/CAD 1.0665
Buy NZD/USD 0.6699

dvdey03 · September 10, 2008, 9:21am

what were the results for the trades 9/8-9/9?

I didn’t get them in m email for those days.