Originally posted by SmartTrader
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SMART PIPS - Daily Trade Signals
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Originally posted by SmartTrader View PostAre those 4 AUDNZD trades that are closed in loss in Revpanther account are based on Harsha's signals only? I dont think he recommends 4 trades on the same pair. or Does he?
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Originally posted by The Hobbit View PostHi, can someone explain exactly what the service offered here is? Is it just one trader? Or is it a collection of traders or random people offering their ideas? Tried understand whats going on but still not sure
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Originally posted by Revpanther View PostHi The Hobbit, Harsha who is offering the signals is a professional technical analyst and I am a professional trader. Last week I set up a myfxbook account just to trade around Harsha's signals so people could follow. Harsha posts his signals daily and then it is down to the individual if they want to enter those suggestions themselves.
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Gbp Usd (a25)
Buy1 - 1.7020
Buy2 - 1.6980
SL - 1.6950
Gbp Jpy (a35)
Buy1 - 172.55
Buy2 - 172.20
SL - 171.90
Aud Usd (a1)
Sell1 - 0.9445
Sell2 - 0.9465
SL - 0.9495
Nzd Usd (a23)
Buy1 - 0.8575
Buy2 - 0.8555
SL - 0.8525
Nzd Jpy (a2)
Buy - 86.95
SL - 86.65
Chf Jpy(a3)
Buy1 - 112.25
Buy2 - 111.95
SL - 111.65
Cad Chf (a5)
Sell1 - 0.8410
Sell2 - 0.8425
SL - 0.8450
Aud Cad (a2)
Sell1 - 1.0130
Sell2 - 1.0160
SL - 1.0190
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Originally posted by TedB View PostRevpanther, what's the total number of trades you did for each of those months? Judging from the pips you have gained, I understand why you're not worried about this recent drawdown.
March = 76 trades + 330 pips
April = 146 trades + 1,560 pips
May = 156 trades + 1,260 pips
June = 203 trades + 1,350 pips
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Originally posted by The Hobbit View PostThank you Rev. Understand better now. So is this going to be offered on Simple trader copier as an option with a fee or is purely free trades offered here daily to use at your own discretion. Also is there an official Myfxbook account or do any other users apart from RevPanther have one. No offense Rev but yours is too short to draw any conclusions thus far
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Hi
As I told before, Forex trading is more of handling the floating losses then making profits. Once we learn “ HOW “ to manage our loss trades, then making profits is an easy job.
The major problem with my signals is with the open carry forwarded trades.
In case if there is any signal which is carry forwarded for tomorrow, then first, we shall deal with the open trades and re enter them on the fresh levels. Atleast we shall close the open trades at average break-even or manage to have only 2 or max of upto 3 open trades in that particular pair. Also I have other methods of handling the carry forwarded open trades, From today I will personally assist Mr. Revpanther with my different strategies as per the market conditions and see that we will achieve our daily profit targets.
I may not post those methodologies/strategies in this thread, but those methods will be applied to manage the trades.
Till now, In the thread after posting the signals, I am posting the conclusion the next day. But in between them, there are lot of manipulations that happens in the live markets, which I am not able to explain and post them in the thread . thats why lot of traders are not able to manage loss trades and you are in DD.
It needs lots of care and patience.
That was the mistake happened in AudNzd trades even though market gave us the chance to exit at almost near to break even. Or we could have reduced the number of open trades.
Its OK, we learn from our mistakes.
From today I will not let it happen, and see that we achieve our daily profit targets.
Happy Pipping
Harsha
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Conclusion for 24th July
Totally - 8 signals
Gbp Usd - Trade open - Close at average break even
Gbp Jpy - Missed the entry levels
Aud Usd - TP1 (30 pips)
Nzd Usd - Trade open - Hold
Nzd Jpy - TP1 (30 pips)
Chf Jpy - TP1 (30 pips)
Cad Chf - Trade open - Close in profits
Aud cad - TP1+ (30+ pips)
The only open trade which is in floating loss is Gbp Usd - BUY.
There is an indication of trend reversal. The strength of buy has weakened as per my charts.
So, the best what we can do is to close it at average break-even or with min loss
Harsha
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Usd Jpy (a124)
Sell1 - 101.85
Sell2 - 102.15
SL - 102.45
Usd Chf (a124)
Buy1 - 0.9000
Buy2 - 0.8965
SL - 0.8940
Nzd Usd (a2)
Buy1 - 0.8575
Buy2 - 0.8555
SL - 0.8525
Nzd Jpy (a23)
Buy1 - 87.10
Buy2 - 86.95
SL - 86.65
Cad Jpy (a14)
Sell1 - 94.95
Sell2 - 95.25
SL - 95.55
Chf Jpy (a1)
Sell1 - 113.00
Sell2 - 113.30
SL - 113.60
Cad Chf (a5)
Sell1 - 0.8410
Sell2 - 0.8425
SL - 0.8450
Eur Nzd (a12)
Sell1 - 1.5720
Sell2 - 1.5740
SL - 1.5760
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Harsha, with the pairs in your conclusion that are showing TP1 30 pips, does this mean the trades should have been closed when 30 pips in profit? I thought your suggestion was to move the stop to breakeven when 30 pips in profit. At the time of your conclusion, those trades could not be exactly 30 pips in profit.
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