FXjake's Free Pips

This is a discussion on FXjake's Free Pips within the Trading Journals forums, part of the New Traders 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 ...

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Old Apr 28, 2009, 8:07pm   #41
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Default Cadjpy
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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...
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Old Apr 28, 2009, 8:08pm   #42
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Default Euraud
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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  
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Old Apr 29, 2009, 3:31am   #43
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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.......
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Old Apr 29, 2009, 4:12am   #44
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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
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Old Apr 29, 2009, 4:14am   #45
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Default CADJPY exit
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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
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Old Apr 29, 2009, 11:22am   #46
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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?
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Old Apr 30, 2009, 6:16pm   #47
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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!
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Old May 2, 2009, 1:32am   #48
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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
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