04 March 2008

USD/JPY @ 103.16 SELL - Failure - Smart move

Hello again my friends,

I would like to share with you today a missed trade but from my perspective was a smart move.

Here is the chart and bellow it a small commentary about it:

Hour was 7.30AM GMT, proper time, good signal, MACD turned down, %R was above -80 level, I was ready to open a position at 103.16 for 10 pips, SL @ 103.42, BUT one thing didn't fit over there, and that is the movement didn't break the regression channel, so for me that's a sign there is a possibility to retrace a little (and for UY, EY or GY a little means at least 30 pps). And as you can see it moved back to 103.47 so would have eaten my stop loss going over it with 5 pips.

So I missed this trade, but I don't mind, I saved 10 pips. I'm sure there will be more soon. For example: EUR/USD and GBP/USD are ranging right now and I'm sure they will go somewhere soon, so I expect it to happen and if I'm there I will take my 10 pips of glory :)

Regards and happy pipin' :D

03 March 2008

USD/JPY @ 103.37 BUY + 10 pips profit in 5 minutes

Hello again,
I did it again, I catch the signal from USD/JPY at 3.30 PM GMT. Here is the trade:

Trade took 5 minutes to reach target. We are 10 pips in profit x $10 = another $100

So today's profit is made from $200 from previous trade + $100 from this one = $300

Thank you for reading and I will be back for sure tomorrow because now I'm going out to have soma Tchae :D

GBP/USD @ 1.9861 BUY + 10 pips x 2 lots Profit

Hello my friends,

Half hour ago we had a pretty good signal from GBP/USD and here is the trade:

BUY @ 1.9861, 2 lots, profit target: 1.9871
Time of trade to reach target: 5 Minutes
Target reached @ 1.9871
Profit: 10 pips x 2 lots = 10 pips x 10 usd per pip x 2 lots = $200 USD

Thank you, that was all for today. If more signals are triggered I will post here to update your feeds.