FXjake's Free Pips

This is a discussion on FXjake's Free Pips within the Trading Journals forums, part of the Reception category; All trades except the USDCAD have been triggered Sell USDCAD at 1.0843 Stop at 1.1085 Target 1: 1.0750 Target 2: ...

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Old Aug 13, 2009, 10:55am   #91
Joined Oct 2008
Current trades

FX_jake started this thread All trades except the USDCAD have been triggered

Sell USDCAD at 1.0843
Stop at 1.1085
Target 1: 1.0750
Target 2: 1.0600



Sell EURAUD at 1.6970
Stop at 1.7260
Target 1: 1.6870
Target 2: 1.6680



Buy AUDUSD at 0.8373
Stop at 0.8179
Target 1: 0.8460
Target 2: 0.8570



Buy AUDJPY at 80.58
Stop at 77.75
Target 1: 82.00
Target 2: 84.70
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Old Aug 26, 2009, 9:01am   #92
Joined Oct 2008
USDCAD trade

FX_jake started this thread Long USDCAD from 1.0845
Stop at 1.0710

1st target: 1.0980
2nd target: 1.1100
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usdcad_4hr.jpg  
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Old Aug 27, 2009, 11:56am   #93
Joined Oct 2008
FX_jake started this thread
Quote:
Originally Posted by FX_jake View Post
Long USDCAD from 1.0845
Stop at 1.0710

1st target: 1.0980
2nd target: 1.1100
I have closed this for +135 pips, it may still get to 1.1100, but I just want to be flat before I go away for a few days.
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usdcad_082709done.jpg  
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Old Sep 1, 2009, 9:38am   #94
Joined Oct 2008
USDCAD short trade

FX_jake started this thread sold at 1.0893
stop at 1.1100

target: 1.0660

May see a pause at 1.0820, but will try to hold this all the way down.........
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Old Sep 9, 2009, 9:40am   #95
Joined Oct 2008
USDCAD Buy order

FX_jake started this thread will buy USDCAD if it trades above 1.0828
stop at 1.0665

target 1.1000, but will watch it around 1.0900 to see if it shows weakness...
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Old Sep 9, 2009, 11:26am   #96
 
3 Posts
Joined May 2009
Hi FX Jake, could you go into further detail as to how you make your trading decisions? I Was looking at your recent CAD trade, and I'm not sure where the 1.0774 level comes from. As far as I can see, this is a 23.6% Fib (1.11/1.0671). Is this true? If so, any particular reason you think a break of this level is important. From what I see, the pair has been in a downtrend for a while that has recently stalled between the 1.1130 and 1.0630 level, so this looks like you are picking the range. The 1.09 level is the 50% retracement from that same fib which is why you're concerned. Let me know if I am reading you correctly.

Thanks for sharing your trades, it is really very helpful for all of us trying to learn this art!

Cheers!
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Old Sep 9, 2009, 2:22pm   #97
 
6 Posts
Joined Dec 2004
USDCAD trade

Hi FX jake,

I've been following your thread for a while now and appreciate the time and effort you give sharing your trades.


I'm new to technical FX trading and have never copied your trades until this one as it matched my setup exactly.
I drew my s/r levels by eye and looked for price action above the support line and then used the daily pin bar as added rationale to play long..

do you do the same thing?
i read earlier in the thread that you find levels 'as you see them' and then play candle/price action around them..
however i have been trying to reverse engineer your trades and previously thought it may have something to do with calculated pivots and the swings through them?

thanks for all your advice so far..

joy
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Old Sep 11, 2009, 3:30am   #98
Joined Oct 2008
FX_jake started this thread I have to go meet up with a friend who has just come into town, but will write more later, Joy, thanks for your questions.

I have orders to trade the EU session tonight, that is when I expect them to be triggered.

EURCAD
Sell at 1.5845
Stop at 1.5690
Target 1 1.5560
Target 2 1.5410

EURGBP
Sell at 0.8723
Stop at 0.8830
Target 1 0.8670
Target 2 0.8540

AUDNZD
Sell at 1.2243
Stop at 1.2478
Target 1 1.2200
Target 2 1.2140

EURAUD
Sell at 1.6835
Stop at 1.7010
Target 1 1.6740
Target 2 1.6400



p.s. The USDCAD went to the expected level, 1.0880-1.0890 and then reversed rather sharply, I would not hold this trade if you are still in it...
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Old Sep 17, 2009, 2:28pm   #99
Joined Oct 2008
Gbpjpy

FX_jake started this thread Long GBPJPY

Bought at 150.70
Stop at 148.50
Target 1: 151.80
Target 2: 153.00
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Old Sep 17, 2009, 2:32pm   #100
Joined Oct 2008
FX_jake started this thread
Quote:
Originally Posted by FX_jake View Post
Long GBPJPY

Bought at 150.70
Stop at 148.50
Target 1: 151.80
Target 2: 153.00
Chart attached
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gbpjpy_1hr.jpg  
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