FXjake's Free Pips

[FX_jake]

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

 

[vnobeen]

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!

 

[FX_jake]

usdcad trade over

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.

 

[FX_jake]

GBP/CHF trade likely

I think I may look to buy the GBP/CHF tonight during the European session..... I will post if it happens.

 

[FX_jake]

USDCAD trade now on.......

So I bought the USDCAD from 1.1525

Stop down at 1.1434

Take profit #1 at 1.1800

Take profit #2 is open

 

[FX_jake]

Short on the GBPUSD

Short from 1.6620

Stop up at 1.6756

Target 1.6250

 

[FX_jake]

USDCAD update

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

 

[FX_jake]

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.

 

[FX_jake]

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

 

[FX_jake]

Short from 1.6620

Stop up at 1.6756

Target 1.6250

This trade is over +140 pips

 

[JER08]

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.

 

[FX_jake]

5 trades on tap

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

 

[FX_jake]

Bought the NZDJPY

NZDJPY
Long at 60.85
Stop loss down at 59.29
Target 1: 62.80
Target 2: 66.00

 

[FX_jake]

AUDJPY Long Trade

AUDJPY
Bought at 76.40
Stop loss at 74.70
Target 1: 78.20
Target 2: 79.50

 

[FX_jake]

USDCAD short trade

USDCAD
SOLD at 1.1580
Stop loss at 1.1685
Target 1: 1.1490
Target 2: 1.1250

 

[FX_jake]

Losing Trades

Sold USDCAD at 1.1605
Stop at 1.1685
Target #1 1.1490
Target #2 1.1250


AUDJPY Long Trade
Bought at 76.40
Stop loss at 74.70
Target 1: 78.20
Target 2: 79.50


NZDJPY
Bought at 60.85
Stop loss at 59.29
Target 1: 62.80
Target 2: 66.00


Obviously, these were all losers. I hate losers, but they sometimes happen. There really isn't anything I would have done differently here on these trades, I had a good look at them after they were stopped out. Unfortunately sometimes we get breakouts when expecting these s/r zones to hold.

Will wait for the next setup and will post it. Looks like it will have to be next week. Have a great weekend!

 

[FX_jake]

Trades Tonight

It is looking like there may be some good trades during the European session tonight.

Both EUR/AUD and GBP/CHF look really nice at the moment, I will post more when I enter the trades.

 

[FX_jake]

GBPCHF Trade

It is looking like there may be some good trades during the European session tonight.

Both EUR/AUD and GBP/CHF look really nice at the moment, I will post more when I enter the trades.

Maybe I will sell the EUR/AUD later.

For now, I have bought the GBP/CHF at 1.7635
Stop at 1.7377
Will hopefully see this to 1.7720 and beyond

 

[FX_jake]

Maybe I will sell the EUR/AUD later.

For now, I have bought the GBP/CHF at 1.7635
Stop at 1.7377
Will hopefully see this to 1.7720 and beyond

GBP/CHF up over 100 pips now, will move stop to +10 pips and take some profit. Still looking for another 100 pips more or so.

EUR/AUD would have been a great trade, up over 200 pips, but did not take it.

 

[FX_jake]

GBP/CHF up over 100 pips now, will move stop to +10 pips and take some profit. Still looking for another 100 pips more or so.

EUR/AUD would have been a great trade, up over 200 pips, but did not take it.

Out of the GBP/CHF with +90 pips, the really big bad looking bearish candle suggests this is going to fall right now.......