Buying JPY

so Im buying the jpy now, trying to take it to 97.54 area, then reverse my entry. lets see what happens.

JPY Targets hit

My JPY targets where hit. To bad i got stopped out of my investment lot to take advantage of the moves. I did learn something which is the important part. Never move my original stop. That is actually one of the main rules that we made some time ago. Owell, its ok to break a rule to make money, not to lose it.

Nothing Spectacular

Taking my boy camping. Father son time. Will see what plays out next week. Digging myself out a hole. That is what I get for trading someone else's trade Im not familiar with.

The lastest.

Ive been WW this week a little. Did a few trades to try and get locked in on JPY sells. Been picking up pips there but my INV lot has been takin out. Looks like it will present itself some time today.

The other pairs has not giving me good entry points yet, and it looks like we are having trend changes on the Eur and Chf. So i have to keep an eye out on those.

Im out the JPY

So I got stopped out of the JPY. I know people are gonna ask me "Why would you see 100 pips and give most of it back?"

Because it was an "I don't care" entry. My plan was to stay with the trend and move my stop, not my limit, when new resistances where formed. As they where formed I moved my stop. I made money selling it on my main lot anyway.

So what do I do now? It is still in a downward trend, so because of that I will keep an eye out for sell entries. It will get to my 97.00 area at some point. I want to be able to get some.

Plan your trade, trade your plan.

Still selling the Jpy

So I moved my stop to 98.51. I am in at 98.81. Still have a target of 97.00 area that i plan to hold to trade to, so we will see. It feels good to move your stop the "Correct" way, WITH the trend, instead of moving it to stay in a bad trade.

Big Pippin. 

Where Im at right now.

Here is where i stand right now. Im up I think 107 pips. Still about 80 pips away from my target. Waiting for resistance to be formed so i can move my stop.

Up 100 Pips on jpy

Still in this trade. Im up 100 pips right now. still gonna let it run. we have a nice down trend on the 4hr that i plan on taking advantage of.

Me and the JPY

I got in the Jpy last night at 98.81. Took about 15 pips and left in an investment lot. Right now I am up 40+ pips. My first short term target was already hit at 98.30 area. Waiting for more resistances to be created so i can keep bringing down my stop.

Plan on staying in it to my 97.00 area target. 

As far as everything else, I am still WW for good signals and reasons to get in them.

Made some good pips last week. I will post another screen shot of my trades later on today.

Happy Trading, I know I am!!!

Recently

This last week we where able to see our long term targets get hit. I need to spend some time going back threw my post to find the targets I had posted, but I know our JPY target was hit. 

This coming next week we will be looking for buys again on the jpy, but we will be also looking for buys on the GBPCHF also. I will be posting my targets to the right.

I got spanked!!!!

I traded a breakout that missed my TP by one pip. So instead of make $100 i lost $500. Ill post it later, but right now I mad and can only be mad at myself for over trading my account. Something I preach that you should not do.

So as it stands I ended the week with a negative P/L. I will get it back next week. Learn my lesson. The plan for next week is 1,000 pips. I still plan on trading in the directions that I indicated earlier on the few pairs I plan on trading.

Next week will be a VERY good week. Dust the dirty off the sandels and get back on track.

My Plan for the Chf

I plan on selling the Chf. There looks like there will be a down trend starting tonight sometime. So as I get a signal to sell, I will be leaving in an investment lot. I have a target of 1.0742 to trade to. That is about 1400 pips from where we are now. That is long term so lets see how long it takes to get there.

I will also be looking to buy the Eur. I have a long term target of 1.4287. 1000 pips from where we are at now.

Moral of the Story

So I missed some big moves last night of course. They happened so fast my alarms on my charts could not keep up. I just pulled down a few pips right now on a few pairs. I killed a Eurgbp trade cause the broker spread was 9. It paid out 10 pips but it wasnt enough to cover the spread. So I killed it. Nothing wrong w taking a $3 loss to protect my money.

I am not going to miss the big moves that will happen tonight. Looking to lock in a few trades for a trend. so lets see how that goes.

How trading went today.

Only picked up a few pips today. Waiting for a few new signals to go off before the next round of trading happens. which will probably be very late tonight. Looking to see what will happen with the London open tonight.

Big Pipping Song

So me and a few traders from Forex Movement recorded a fun song for traders. It was fun and I hope you all enjoy it.

Big Pipping Song (click to download)

I made it a free ringtone. You can send it to your phone and save it as my ringtone. That way you know a Big Pipper is calling you when I call.

Enjoy

FYI, so far i just picked up 10 pips on the CHF. All my trades that i was waiting for hit last night a hour before I woke up. So i missed out on a little over 100 pips. But that is usually how it goes.

Taking last week off

I took most of last week off because of the G20 meeting and non farm. I didnt know what impact it could have on the markets so I stayed away. But from the looks of things, there where no big swings.

I will be back later on when London opens to post what I will be looking to do. As it stands now I will be looking to:

Sell the Eur

Buy the GBP

Sell the JPY

Buy the CHF

Sell the AUD

Buy the CAD