FXjake's Free Pips

This is a discussion on FXjake's Free Pips within the Trading Journals forums, part of the Reception category; Originally Posted by FX_jake Bought CADJPY at 78.74 Stop at 77.99 1st target at 79.24 2nd target open 1st target ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 29, 2009, 2:07am   #41
Joined Oct 2008
Cadjpy

FX_jake started this thread
Quote:
Originally Posted by FX_jake View Post
Bought CADJPY at 78.74

Stop at 77.99

1st target at 79.24
2nd target open

1st target hit.

2nd target is 80.00 now...
FX_jake is offline   Reply With Quote
Old Apr 29, 2009, 2:08am   #42
Joined Oct 2008
Euraud

FX_jake started this thread
Quote:
Originally Posted by FX_jake View Post
Sold at 1.8512
Stop at 1.8628

1st target at 1.8324
2nd target is open

Will attach chart in a moment.

Let's try this again.

Sold at 1.8600
Stop at 1.8657

1st target 1.8510
2nd target open (maybe the pair will get to 1.8200 again, or lower)
Attached Thumbnails
euraud_entry2.jpg  
FX_jake is offline   Reply With Quote
Old Apr 29, 2009, 9:31am   #43
Joined Oct 2008
Euraud

FX_jake started this thread
Quote:
Originally Posted by FX_jake View Post
Let's try this again.

Sold at 1.8600
Stop at 1.8657

1st target 1.8510
2nd target open (maybe the pair will get to 1.8200 again, or lower)

Lightened up some down here and moved the stoploss to 1.8580 to protect the profit, looks like it will go some more though.......
Attached Thumbnails
euraud_exit.jpg  
FX_jake is offline   Reply With Quote
Old Apr 29, 2009, 10:12am   #44
Joined Oct 2008
Euraud

FX_jake started this thread
Quote:
Originally Posted by FX_jake View Post
Let's try this again.

Sold at 1.8600
Stop at 1.8657

1st target 1.8510
2nd target open (maybe the pair will get to 1.8200 again, or lower)
Done with this trade out at 1.8460, or +140 pips on the last position
FX_jake is offline   Reply With Quote
Old Apr 29, 2009, 10:14am   #45
Joined Oct 2008
CADJPY exit

FX_jake started this thread
Quote:
Originally Posted by FX_jake View Post
Bought CADJPY at 78.74

Stop at 77.99

1st target at 79.24
2nd target open
Out of the last position here at 78.80 for +106 pips
FX_jake is offline   Reply With Quote
Old Apr 29, 2009, 5:22pm   #46
 
viclondon's Avatar
Joined Dec 2008
Quote:
Originally Posted by FX_jake View Post
Thanks for the kind words, was wondering if anyone really had an interest.......
Just found this thread and find it exremely interesting.
Thanks for sharing your trades.
Would you explain a bit of your strategy?
viclondon is offline   Reply With Quote
Old May 1, 2009, 12:16am   #47
Joined Oct 2008
FX_jake started this thread Currently I have two pending orders...


The first is on the AUD/USD - if it trades lower than 0.7227 I will sell this pair, with the stoploss up at 0.7388

The other pending trade will be on the EUR/AUD, if it trades higher than 1.8346 I will buy with the stoploss down at 1.7972.

Both of these trades have great potential to go very far, so this is exciting.

Happy Trading!
FX_jake is offline   Reply With Quote
Old May 2, 2009, 7:32am   #48
Joined Oct 2008
FX_jake started this thread
Quote:
Originally Posted by viclondon View Post
Just found this thread and find it exremely interesting.
Thanks for sharing your trades.
Would you explain a bit of your strategy?


Hi VicLondon

The trades are basically horizontal support and resistance trades. I wait for price to hit (long-term, 4hr, daily or weekly) support/resistance zones as I "see" them, show signs of reversing (weakness for sell trades off of resistance, strength for buy trades off of support) and then I enter. If price comes back to test the support/resistance zone I may or may not be stopped out and if it forms another good candle or two I may try again, like the recent EUR/AUD trade.

Hope this helps, you can message me for any more info
FX_jake is offline   Reply With Quote
Old May 28, 2009, 4:02am   #49
Joined Oct 2008
GBPUSD Order

FX_jake started this thread I have an order in to sell GBPUSD.


Will sell GBPUSD at 1.5915
Stop at 1.6095
Profit #1 at 1.5800
Profit #2 at 1.5300
Attached Thumbnails
gbpusdmay27.jpg  
FX_jake is offline   Reply With Quote
Old May 28, 2009, 8:33am   #50
 
1 Posts
Joined May 2009
Hi Jake

What kind of timescale do you reckon those profit targets will run over?

Steve H
Steve H is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
it is easy to lose lots of pips on days where you should have made lots of pips JTrader General Trading Chat 43 Dec 10, 2008 10:41am
Free, Simple Index Trading System - Many Pips Per Day nkruger Trading Systems 52 Jun 28, 2008 10:06am
30 pips per day? JonnyT Trading Systems 14 Mar 17, 2004 5:26pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)