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SMART PIPS - Daily Trade Signals

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  • Originally posted by Roberto166 View Post
    Quick question, I see (a14) or (a25) etc what do they mean?
    They are just for Harsha's reference. They don't mean anything to anyone else.

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    • Thanks Rev!

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      • Originally posted by harsha View Post
        Usd Chf (a25)
        Sell1 - 0.8985
        Sell2 - 0.9005
        SL - 0.9035

        Aud Usd (a14)
        Sell1 - 0.9420
        Sell2 - 0.9450
        SL - 0.9480

        Gbp Chf (a14)
        Buy1 - 1.5310
        Buy2 - 1.5270
        SL - 1.5250

        Chf Jpy (a3)
        Buy1 - 112.65
        Buy2 - 112.45
        SL - 112.15

        Eur Aud (a1)
        Buy1 - 1.4405
        Buy2 - 1.4380
        SL - 1.4350

        Aud chf (a14)
        Sell1 - 0.8430
        Sell2 - 0.8460
        SL - 0.8490

        Aud Nzd (a2)
        Sell1 - 1.0800
        Sell2 - 1.0820
        SL - 1.0840

        Eur Chf (a13)
        Sell1 - 1.2165
        Sell2 - 1.2190
        SL - 1.2220
        Thanks you so much!

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        • I've noticed a potential issue with the variety of currency pairs being traded. It seems that if each pending order were to be executed, a number of these currencies would cancel each other out. For example, a buy for EURAUD and a sell for EURCHF would cause the EUR to get cancelled out, resulting in a new synthetic pair: AUDCHF. Does having different entry levels for each pair help offset this effect?

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          • Originally posted by TedB View Post
            I've noticed a potential issue with the variety of currency pairs being traded. It seems that if each pending order were to be executed, a number of these currencies would cancel each other out. For example, a buy for EURAUD and a sell for EURCHF would cause the EUR to get cancelled out, resulting in a new synthetic pair: AUDCHF. Does having different entry levels for each pair help offset this effect?
            Hi TedB, it's down to each individual how they want to trade the pairs and weigh up the risk factor for each one. In many instances if all the pairs were opened then there can be a hedging effect but obviously it needs closely managing to close each pair at the optimum level or add further entries etc. to average up or down as the case may be.

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            • That's what I was kind of guessing. Makes good sense.

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              • Conclusion for 21st July
                Totally - 8 signals

                Usd Chf - Trade open - Hold
                Aud Usd - missed the entry levels
                Gbp Chf - Missed the entry levels
                Chf Jpy - TP1 (30 pips)
                Eur Aud - TP1 (30 pips)
                Aud Chf - Trade open - Close in profits & Re enter
                Aud Nzd - Trade open - Hold
                Eur Chf - Missed the entry levels

                Comment


                • Usd Chf (a25)
                  Sell1 - 0.8985
                  Sell2 - 0.9005
                  SL - 0.9035

                  Nzd Usd (a5)
                  Buy1 - 0.8650
                  Buy2 - 0.8620
                  SL - 0.8590

                  Eur Aud (a1)
                  Buy1 - 1.4405
                  Buy2 - 1.4380
                  SL - 1.4350

                  Aud Chf (a14)
                  Sell1 - 0.8430
                  Sell2 - 0.8460
                  SL - 0.8490

                  Aud Nzd (a2)
                  Sell1 - 1.0815
                  Sell2 - 1.0845
                  SL - 1.0875

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                  • Hey Rev, your myfxbook isn't updating so I was just wondering if you are still in the AN trade

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                    • Originally posted by shawntan View Post
                      Hey Rev, your myfxbook isn't updating so I was just wondering if you are still in the AN trade
                      It will probably update when he is actively trading (has his terminal running)

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                      • Originally posted by shawntan View Post
                        Hey Rev, your myfxbook isn't updating so I was just wondering if you are still in the AN trade
                        Hi Shawntan, yes I am still in the AN trade. We have planned to get out of this trade at BE and if absolutely necessary we will hedge our way out. Tomorrow night will be the decider on the final direction this trade is heading in the short term as that is the next RBNZ interest rate decision. They have hiked rates the last 2 meetings and that has seen the Kiwi strengthen. I'm not sure they will tomorrow and not prepared to take a guess.

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                        • Chf Jpy (a3)
                          Buy1 - 112.65
                          Buy2 - 112.45
                          SL - 112.15

                          Eur Cad (a14)
                          Buy1 - 1.4500
                          Buy2 - 1.4470
                          SL - 1.4440

                          Cad Chf (a145)
                          Sell1 - 0.8390
                          Sell2 - 0.8420
                          SL - 0.8450
                          Last edited by harsha; 07-22-2014, 08:29 AM.

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                          • EURCAD is weird

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                            • Originally posted by Zoli71 View Post
                              EURCAD is weird
                              Sorry, its rectified

                              Eur Cad (a14)
                              Buy1 - 1.4500
                              Buy2 - 1.4470
                              SL - 1.4440

                              Comment


                              • Revpanther,

                                what is wrong with AUDCHF trades? i see 10 trades opened in less than 6 minutes

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