FXjake's Free Pips

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FX_jake

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Hello Fellow Traders:


I have been trading forex for about a decade now, and I have been quite profitable for many years. For instance, last month I didn't have a loser, and I made over 800 pips, trading only a few times (8 trades).

You don't have to trade a lot to make good money, you can have a life too.

Follow along if you want, and see for yourself. Enjoy the ride!


Cheers

FXjake
 

Attachments

  • dec08trades.jpg
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CHFJPY Trade

I will probably take a short on the CHFJPY during the European session.

Right now during the Asian session it is trading around 79.64

Target: 77.60
Stop: 82.05
 

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  • CHFJPYjan20.jpg
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CHFJPY exit

Moxy9 said:
Nice trade Jake. It droped big time today but hey... 35 pips in the bank !!
Click to expand...

I always get bummed on those trades. They happen, though. It's tough to know when one is going to run hard, or when they are turning around. That time it was just a severe retracement.

Ohh well.
 
Several Trades on Tap

There are several ripe for tonight, as I 'see' it.

The orders are in, I promise to try and be more patient with the second lot :eek:

[See attachment]
 

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Never Triggered

FX_jake said:
There are several ripe for tonight, as I 'see' it.

The orders are in, I promise to try and be more patient with the second lot :eek:

[See attachment]
Click to expand...

These didn't click in, so ......... have a great weekend!
 
Nzdusd

Will try to buy the NZDUSD around 0.5090 on the open next week and shoot for a profit target of 0.5200


order to enter: 0.5090

stop: 0.4998

target: 0.5200
 

Attachments

  • NZDUSD 1hr Feb 20 2008.jpg
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nzdusd exit

FX_jake said:
Will try to buy the NZDUSD around 0.5090 on the open next week and shoot for a profit target of 0.5200


order to enter: 0.5090

stop: 0.4998

target: 0.5200
Click to expand...


Out at +5 (basically breakeven), just missed the profit target by a few pips........
 

Attachments

  • NZDUSD 4hr Feb 23 2008.jpg
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usdcad short trade

Short from 1.2845
Stop 1.2990
Target 1.2560
 

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  • usdcad1hrentry.jpg
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USDCAD short exit

FX_jake said:
Short from 1.2845
Stop 1.2990
Target 1.2560
Click to expand...

I have exited with +10 pips. This trade has slumbered along for too long for me to justify holding it.
 

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  • USDCAD1hr_exit.jpg
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usdjpy long

Long from 98.55
Stop at 96.50
First target 99.50
 

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  • usdjpy4hr_entry.jpg
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usdchf long entry

Long from 1.1645
Profit at 1.1755
Stop at 1.1420
 

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  • USDCHF1hr_entry.jpg
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CAD/JPY entry

Buying CAD/JPY at 76.70

Stop at 73.95

Take profit at 78.66
 

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  • cadjpy_1hr.jpg
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EUR/JPY sell trade

I have taken a short on the NZD/USD, the NZD/JPY and now the EUR/JPY.

Since the NZD/USD and NZD/JPY trades have already gone into profit many pips, I will simply post the EUR/JPY trade since the price is still hovering around the entry.

Sell EUR/JPY at 131.32
Target 128.90
Stop 134.60
 

Attachments

  • eurjpy_sell.jpg
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