14 March 2008

Excellent EUR/USD and GBP/USD trades + 20 pips profit

Hello my friends,

Yesterday was a Divergence day (for EU and GU) so I was out because I don't trade divergences during these times :)

So, as I said yesterday, here, someone got friend yesterday because of those divergences and and you see the price didn't go down as it should and from there many people lost many pips :)

But today, was a extraordinary day because both EUR/USD and GBP/USD gave at the same hour in the same time signal to enter Short. Here are the trades:


What do we have here ?
EUR/USD and GBP/USD charts, all indicators on our side, the entries were:

EUR/USD SELL @ 1.5585
Time of trade to reach target: max 10 minutes
Exit @ 1.5585
Profit: 10 pips x $10/pip = $100

GBP/USD SELL @ 2.0295
Time of trade to reach target: max 15 minutes
Exit @ 2.0295
Profit: 10 pips x $10/pip= $200

So I recover the lost day of yesterday.

Why did I enter on 2 pairs and not with 2 lots ?
Because there was a higher chance to wait more after only one pair than on both and this way if a pair goes against me I have the other pair as support and cover loss.

Anyway, as you can notice, my strategy gives signals for trades that last max 10-15 minutes, so stress is minimum :)

Thank you and see you soon.

13 March 2008

Divergence that can "kill" you ! Be smart, stay put !

Hello my friends,

I would like to get your attention with this, because it happens many times and many traders lose high amounts of money.

You have bellow 2 charts: EUR/USD and GBP/USD which formed a important divergence:

This scenario is very known to many of you and you will say "this is the time to enter short and catch a big move". Here I will say: "STOP" !
This is what the Big Guys want you to do, to waste your money in a hurry. Let other traders that don't know this kind of things to get fried :)

So, you can wait very simple for MACD to turn down and confirm with 4-5 bars the trend in that direction and tomorrow you can catch the profit from a fair signal.

Just be careful and let the price oscillate till it gets tired :D

Happy PIPpin' !

12 March 2008

GBP/JPY - SELL @ 206.72 - Exit + 10 pips profit

Hello again,
Here I am with some words for today's trade.

Because I have a life and I live it I can't be and I don't want to be 24/24 in front of the computer, so I miss many trades but that's not a problem, because I know market gives signals everyday and I will sure recover the following days.

So, here is the trade for today, maybe someone caught it:

This is a trade that not everyone should try. Why ? Because in this situation Spread counts all the time. GBP/JPY is a pair that is offered by many brokers at a 7-13 pips spread. In this situation if I had a 8 pips spread I would miss the exit, because the price went only 17 pips in the 4 minutes. Than the price went 25 pips Up, but not more than 10 pips above the high of entry bar, so that was a good time to stay in the market (This only if you had 8 or more pips spread.)

Many rookies or beginners or newbies choose the wrong Broker when they decide to trade Live in Forex, that's why some think that nothing is working. But, when you will try a broker that offers you a good spread you will discover the real power of Forex movements and 80-90% assured profit if you trade correctly.

So that was all for today. I will watch EUR/JPY because divergence formed alread.

Happy pippin' !

10 March 2008

EUR/USD @ 1.5363 SELL + 10 pips profit in 5 minutes

Hello my friends,

Today was a beautiful trading day. We had a great signal and a great profit

Here is the trade for today:

So, first signal was given by the 2 EMAs, crossing at 8.00AM GMT, then MACD turned down at the 2nd bar, price made a little retrace, %R indicator warned us about that so that was the perfect entry for out 10 pips/day.

Entry: 11.30AM GMT @ 1.5363 with 1 lot
Target: 1.5353
Time of trade: max 5 minutes
Profit: 10 pips x 10 USD/pip = $100 USD

I got the movement live and you can see it on my website or searching Youtube for "pipologist", the movie name is: EU-10-03-2008

This is all for today, I'm on my way to fitness, a healthy body has a healthy mind :D