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SMART PIPS - Daily Trade Signals

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  • #61
    Hi Harsha,

    May I ask a couple of questions:-

    with the gold and silver. How many pips are we looking for tp? I assume it would not be 30pips

    Also if we have open trades at sell 1 or buy 1 and it goes to the level of sell 2 or buy 2 which open from pending orders should we then tp at break even (-30 pips + 30 pips) or are we looking for 60 pips to take profit from sell or buy 2?

    P.s. Love you signals and thank you very much!

    Comment


    • #62
      Originally posted by Khybee View Post
      Hi Harsha,

      May I ask a couple of questions:-

      with the gold and silver. How many pips are we looking for tp? I assume it would not be 30pips

      Also if we have open trades at sell 1 or buy 1 and it goes to the level of sell 2 or buy 2 which open from pending orders should we then tp at break even (-30 pips + 30 pips) or are we looking for 60 pips to take profit from sell or buy 2?

      P.s. Love you signals and thank you very much!
      1. TP levels for silver is the same as for other currency pairs
      2. For Gold its
      TP1 - $5
      TP2 - $10
      TP3 - $15
      TP4 - $20
      3. Always TP levels are calculated from the first entry level,
      In case if the price moves to the second entry point, then its the extra bonus pips u earn.
      4. TP levels which i have set here is just for your convenience, just to create the target mindset
      in the traders. Its left to the convenience of the trader to exit the trades at any point of time with profits.

      If you have a better trading styles, please share.

      thanks
      Harsha

      Comment


      • #63
        i deleted all the pending limit orders now and only have the AudChf short which is in dd of 23 pips, i missed UsdChf trade

        Comment


        • #64
          Originally posted by Okda View Post
          i deleted all the pending limit orders now and only have the AudChf short which is in dd of 23 pips, i missed UsdChf trade
          Exit aud/chf trades at break even
          reason : indication of trend reversal

          and

          wait for the new signals for tomorrow

          thanks
          harsha

          Comment


          • #65
            ok, TP has been set to breakeven while SL not changed at around 49 pips

            Comment


            • #66
              I am in sell 1 & sell 2 on both AJ & AC. Just saw the post regards possible trend reversal of AUD. Not sure if I can get out BE at the moment.

              Comment


              • #67
                Originally posted by Khybee View Post
                I am in sell 1 & sell 2 on both AJ & AC. Just saw the post regards possible trend reversal of AUD. Not sure if I can get out BE at the moment.
                Dont PANIC
                Trend reversal is in aud/chf and not in others.
                Other signals will hit the TP , Dont worry

                harsha

                Comment


                • #68
                  Conclusion for 9th June
                  Totally 13 signals

                  Gbp Usd - TP1 (30 pips)
                  Gbp Jpy - TP1 (30 pips)
                  Eur Jpy - Missed the entry levels
                  Aud Usd - Trade signal still valid
                  Aud Jpy - Trade still open
                  Cad Chf - Missed the entry levels
                  Aud Chf - Trade open - Better to close at break even
                  Aud Cad - TP1 (30 pips)
                  Usd Chf - Missed the entry levels
                  Eur Usd - Missed the entry levels
                  Nzd Usd - Missed the entry levels
                  Gold - TP1 ($5)
                  Silver - Trade still open

                  Comment


                  • #69
                    Gold (a14)
                    Sell1 - 1257.00
                    Sell2 - 1263.00
                    SL - 1267.00

                    Silver (a14)
                    Sell1 - 19.20
                    Sell2 - 19.35
                    SL - 19.50

                    Usd Chf (a14)
                    Sell1 - 0.8980
                    Sell2 - 0.9005
                    SL - 0.9035

                    Eur Usd (a1)
                    Buy1 - 1.3570
                    Buy2 - 1.3540
                    SL - 1.3510

                    Gbp Usd (a4)
                    Sell1 - 1.6830
                    Sell2 - 1.6850
                    SL - 1.6880

                    Aud Usd (a25)
                    Sell1 - 0.9370
                    Sell2 - 0.9410
                    SL - 0.9430

                    Aud Jpy (a25)
                    Sell1 - 95.90
                    Sell2 - 96.15
                    SL - 96.45

                    Comment


                    • #70
                      Cad Jpy (a24)
                      Sell1 - 94.10
                      Sell2 - 94.40
                      SL - 94.70

                      Eur Cad (a14)
                      Buy1 - 1.4800
                      Buy2 - 1.4770
                      SL - 1.4740

                      Cad Chf (a124)
                      Sell1 - 0.8240
                      Sell2 - 0.8270
                      SL - 0.8300

                      Comment


                      • #71
                        Aud Cad (a5)
                        Sell1 - 1.0225
                        Sell2 - 1.0245
                        SL - 1.0275

                        Comment


                        • #72
                          I got sl out of aud/chf as I tightened the sl too much probably.

                          One thing I am not sure about Harsha is when your signals come up I instantly go into action to put the pending orders into the system but sometimes some are within a smidge of the entry price for instance the aud/jpy has twice almost touched the entry price and I am unsure whether I should enter the market manually as it is so close or just leave it and if it does not touch then it is a missed trade. I notice that often the missed trades do go in the trend of the placed order so potentially profits are missed if I don't go in manually. What would be your advice Harsha? If the entry has earlier hit the entry price that day should I enter manually?

                          Thank you!
                          Last edited by Khybee; 06-10-2014, 07:22 AM.

                          Comment


                          • #73
                            Originally posted by Khybee View Post
                            I got sl out of aud/chf as I tightened the sl too much probably.

                            One thing I am not sure about Harsha is when your signals come up I instantly go into action to put the pending orders into the system but sometimes some are within a smidge of the entry price for instance the aud/jpy has twice almost touched the entry price and I am unsure whether I should enter the market manually as it is so close or just leave it and if it does not touch then it is a missed trade. I notice that often the missed trades do go in the trend of the placed order so potentially profits are missed if I don't go in manually. What would be your advice Harsha? If the entry has earlier hit the entry price that day should I enter manually?

                            Thank you!
                            Yes
                            Sometimes, if u r lucky enough, markets may give u a second chance to take the trade at entry levels.
                            and
                            U can enter the trade manually , but the difference in the pips from the entry levels will be the extra
                            risk or the profits missed thts all.

                            Overall
                            Every trader has his own style of trading.
                            it is left to the individual trader to trade in his own style.

                            Happy pipping
                            Harsha

                            Comment


                            • #74
                              Hey Khybee, this is where you start to develop your own trading plan. It is important to be consistent in your trading because if you keep deviating from the plan you could (will) incur losses. So for example, you could put in your limit order and if it gets hit then great you are in the trade. If it doesn't get hit, even if it is a pip away you remove the limit order and wait for the next trade setup. Alternatively you may have a plan where you set a limit order, but if it comes within 5 pips you will enter manually into the trade.

                              Just examples and as Harsha says, each trader's style will be different. The important thing is consistency and keeping to a plan that you are comfortable with.

                              Comment


                              • #75
                                Gbp Aud (a35)
                                Buy1 - 1.7915
                                Buy2 - 1.7885
                                SL - 1.7855

                                Comment

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