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 Yeah, I am nearly always below the lowest recent low or above the most recent highest ...

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Old Jun 4, 2009, 3:15am   #61
Joined Oct 2008
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Originally Posted by FX_jake View Post
Yeah, I am nearly always below the lowest recent low or above the most recent highest high with the stops just in case we see a double top/double bottom..... which obviously happened here.

I like how it is acting up here and will keep 1/2 the position to see if I can get it all the way to 1.1300....... but the trade won't lose, and that is a great thing.

Happy Trading!
here's the chart
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Old Jun 4, 2009, 1:24pm   #62
 
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here's the chart
Yes, it's certainly interesting how forex seems to 'pause' around certain price points. 1.110 being a prime example on this currency pair.

I got stopped out at 1.1093 so in hidsight should have perhaps just closed out at 1.1110 but still 143 pips profit so certainly not complaining!
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Old Jun 4, 2009, 2:50pm   #63
Joined Oct 2008
usdcad trade over

FX_jake started this thread
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Yes, it's certainly interesting how forex seems to 'pause' around certain price points. 1.110 being a prime example on this currency pair.

I got stopped out at 1.1093 so in hidsight should have perhaps just closed out at 1.1110 but still 143 pips profit so certainly not complaining!
Glad to see you made some pips!

I have closed the remaining lots as it appears as though the USDCAD may be more likely to go down than up in the immediate future and I don't want to risk losing too many pips on the remaining lots.
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Old Jun 19, 2009, 5:32am   #64
Joined Oct 2008
GBP/CHF trade likely

FX_jake started this thread I think I may look to buy the GBP/CHF tonight during the European session..... I will post if it happens.
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Old Jun 29, 2009, 1:39pm   #65
Joined Oct 2008
USDCAD trade now on.......

FX_jake started this thread So I bought the USDCAD from 1.1525

Stop down at 1.1434

Take profit #1 at 1.1800

Take profit #2 is open
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Old Jun 30, 2009, 10:39am   #66
Joined Oct 2008
Short on the GBPUSD

FX_jake started this thread Short from 1.6620

Stop up at 1.6756

Target 1.6250
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Old Jul 1, 2009, 2:43am   #67
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USDCAD update

FX_jake started this thread
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So I bought the USDCAD from 1.1525

Stop down at 1.1434

Take profit #1 at 1.1800

Take profit #2 is open
stop now at break even as this has run up quite a bit
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Old Jul 1, 2009, 2:46am   #68
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Short from 1.6620

Stop up at 1.6756

Target 1.6250
Because this has fallen over 200 pips, I have moved the stoploss to break even.
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Old Jul 1, 2009, 2:28pm   #69
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Originally Posted by FX_jake View Post
So I bought the USDCAD from 1.1525

Stop down at 1.1434

Take profit #1 at 1.1800

Take profit #2 is open
This was stopped out at +10 pips
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Old Jul 1, 2009, 2:29pm   #70
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Originally Posted by FX_jake View Post
Short from 1.6620

Stop up at 1.6756

Target 1.6250
This trade is over +140 pips
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Old Jul 2, 2009, 4:21pm   #71
Joined Aug 2003
Excellent trade, Jake.

If i was short will take some chips off the table now, when it's around 6380 and keep the rest for a ride down to your target.
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Old Jul 7, 2009, 10:34am   #72
Joined Oct 2008
5 trades on tap

FX_jake started this thread I have 5 setups, will post more.

First trade

Sold USDCAD at 1.1605
Stop at 1.1685

Target #1 1.1490
Target #2 1.1250
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Old Jul 7, 2009, 12:52pm   #73
Joined Oct 2008
Bought the NZDJPY

FX_jake started this thread NZDJPY
Long at 60.85
Stop loss down at 59.29
Target 1: 62.80
Target 2: 66.00
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Old Jul 7, 2009, 1:01pm   #74
Joined Oct 2008
AUDJPY Long Trade

FX_jake started this thread AUDJPY
Bought at 76.40
Stop loss at 74.70
Target 1: 78.20
Target 2: 79.50
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Old Jul 7, 2009, 1:04pm   #75
Joined Oct 2008
USDCAD short trade

FX_jake started this thread USDCAD
SOLD at 1.1580
Stop loss at 1.1685
Target 1: 1.1490
Target 2: 1.1250
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