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The Correct Top Price

Posted by admin under Forex Tips

Alright so I have really noticed, this week that there are NO trends currently.

What I have realized is that when the market is choppy you look for 30 to 50 pips, but when its trendy you can look for you 100 pips.

Right now the market is choppy and I put my top price at 30-50 pips and my stop loss at 20 pips. No trailing stop.

During trendy market times I usually put my top price at 100 pips and my stop loss at 35 pips with a trailing stop at 35 pips.

If you ask what charts I use, I use M15, H1 and H4 to all support each other.

Market Time Sessions Tool

Posted by admin under Forex Tools

You should check out this very helpful tool I found. Take notes on what happens to that currency pair once its market opens or closes.

http://www.forexsignallive.com/market_times.html

Pip Madness? Recap!

Posted by admin under General

Alright, so I am going to take the rest of this week off because next week is a big week for me and the forex world.

I am getting evaluated next week by a few very successful forex people that might let me join them. Which would mean pip madness!

Here are my detailed statements for the past 3-4 weeks:

http://iforexing.com/forex/DetailedStatementforex.htm
^Just to let you know the open position is at +23 pips right now with the trend in the right direction

http://iforexing.com/forex/DetailedStatementfx.htm

USDJPY & EURUSD Signals

Posted by admin under Free Forex Signals

Short USDJPY @ 91.41 (not pending)

Profit Target: 89.45
Stop Loss: 92.00
Trailing Stop: 45 pips (optional)

Comments: USDJPY’s falling after 200 pip sudden increase.

Results / Status:
+11 pips / closed
———————————
Short EURUSD @ 1.2917 (not pending)

Profit Target: 1.2722
Stop Loss: 1.2977
Trailing Stop: 45 pips (optional)

Comments: Strong trend change

Results / Status:
+50 pips / closed
———————————
There are also 3 other trades that only the VIP Accounts can get. I will update this post with those results also!
AUDUSD +21 pips / closed
USDCHF -21 pips / closed
USDCAD +37 pips / closed

Did some scalping today…

Posted by admin under Free Forex Signals

Alright, so I have all my charts perfect! I have been working on them for quite awhile by now and I think they are perfect.

I have 2 H4 charts that both support each other and 1 M15 chart to do quick 25 pip scalps every now and then.

Today I tested these new charts on a demo account… Results:
(T/P = Top price or profit target, S/L = Stop Loss and TS = Trailing Stop)

H4 Charts:
-Short USDCAD @ 1.2175. T/P: 1.2050. S/L: 1.2169 TS: 50 pips
^Result is +6 pips
-Short USDCHF @ 1.1589. T/P: 1.1425. S/L: 1.1650 TS: 50 pips
^Result is -61 pips
-Long EURUSD @ 1.2933. T/P: 1.3300. S/L: 1.3038 TS: 50 pips
^Result is +105 pips
-Long AUDUSD @ 0.6745. T/P: 0.6850. S/L: 0.6700 TS: 50 pips
^Result is +105 pips
-Short USDCHF @ 1.1578. T/P: 1.1320. S/L: 1.1556 TS: 50 pips
^Result is +18 pips

M15 Chart:
-Long EURUSD @ 1.2935. T/P: 1.2958. S/L: 1.2910
^Result is +23 pips
-Short USDCHF @ 1.1642. T/P: 1.1618. S/L: 1.1665
^Result is +24 pips
-Long AUDUSD @ 0.6723. T/P: 0.6745. S/L: 0.6695
^Result is +22 pips
-Long EURUSD @ 1.2992. T/P: 1.3018. S/L: 1.2971
^Result is +20 pips
-Long AUDUSD @ 0.6753. T/P: 0.6775. S/L: 0.6730
^Result is -23 pips

For a total of +239 pips on the new charts test for Feb. 9th.

I have these charts down pretty well now, so expect some good signals!

Weekly Summary

Posted by admin under General

This week has been crazy with very hard trends to find.

Next week lets hope that the market will calm down and let us find the trends in it.

Up Trend for USDCAD

Posted by admin under Free Forex Signals

Long USDCAD @ 1.2375 (pending order)

Profit Target: 1.2520
Stop Loss: 1.2335
Trailing Stop: 25 pips (optional)

Comments: We read a up trend but the profit target is unclear, so we will tighten the trailing stop. If this pending order doesnt set within 12 hours delete it.

Results / Status:
+5 pips / closed

EURUSD May Be Falling

Posted by admin under Free Forex Signals

Short EURUSD @ 1.2760 (pending order)

Profit Target: 1.2610
Stop Loss: 1.2810
Trailing Stop: 30 pips (optional)

Comments: EURUSD looks like it is going to continue to fall along with the GBPUSD. Coming back down from a Feb. 2nd temporary bull trend. If this pending order doesnt set within 12 hours delete it.

Results / Status:
-50 pips / closed

GBPUSD Reversal Signal

Posted by admin under Free Forex Signals

Short GBPUSD @ 1.4580 (pending order)

Profit Target: 1.4410
Stop Loss: 1.4630
Trailing Stop: 30 pips (optional)

Comments: GBPUSD had a up trend line for the past few days but looks like it may be reversing. If this pending order doesnt set within 12 hours delete it.

Results / Status:
never set / closed

Todays Forex Fine Tuning

Posted by admin under General

I usually read off  4 individual charts, but now I read off 3 well more organized and supportive charts. I set up a ‘Hour 1′ chart that supports a ‘Hour 4′ chart and also added more features on each chart. Anyways… back to trading!