Usd Chf (a7)
Sell - 0.9065
SL - 0.9095
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SMART PIPS - Daily Trade Signals
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Please note the changes in the levels in todays Nzdusd signal
Nzd Usd
Buy1 - 0.8525
Buy2 - 0.8500
SL - 0.8470
new signal
Aud Nzd (a39)
Sell1 - 1.1045
Sell2 - 1.1060
SL - 1.1090
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Signals for 29th July
Usd Jpy (a156)
Sell1 - 102.00
Sell2 - 102.30
SL - 102.60
Eur Usd (a6)
Buy1 - 1.3420
SL - 1.3390
Gbp Usd (a257)
Buy1 - 1.6955
Buy2 - 1.6915
SL - 1.6895
Nzd Jpy (a2)
Buy1 - 87.00
Buy2 - 86.85
SL - 86.55
Cad Chf (a14)
Buy1 - 0.8355
Buy2 - 0.8325
SL - 0.8300
Aud Cad (a2)
Sell1 - 1.0155
Sell2 - 1.0180
SL - 1.0200
Happy Pipping
Harsha
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Conclusion for 28th July
Totally - 8 signals
Usd Jpy - missed the entry levels
Eur Usd - missed the entry levels
Gbp Usd - missed the entry levels
Gbp Jpy - missed the entry levels
Nzd Jpy - Trade open - Close in profits
Cad Chf - missed the entry levels
Eur Nzd - TP1 (30 pips)
Aud Cad - Trade open - Close in profits
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Usd Jpy (a156)
Sell1 - 102.00
Sell2 - 102.30
SL - 102.60
Eur Usd (a6)
Buy1 - 1.3420
SL - 1.3400
Gbp Usd (a256)
Buy1 - 1.6955
Buy2 - 1.6915
SL - 1.6890
Gbp Jpy (a356)
Buy1 - 172.55
Buy2 - 172.25
SL - 171.95
Nzd Jpy (a2)
Buy1 - 87.00
Buy2 - 86.85
SL - 86.55
Cad Chf (a14)
Buy1 - 0.8355
Buy2 - 0.8330
SL - 0.8300
Eur Nzd (a67)
Sell1 - 1.5745
Sell2 - 1.5765
SL - 1.5785
Aud Cad (a27)
Sell1 - 1.0155
Sell2 - 1.0180
SL - 1.0200
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Conclusion for 25th July
Totally - 8 signals
Usd Jpy - Trade open - Close in profits
Usd Chf - Missed the entry levels
Nzd Usd - Trade open - Hold
Nzd Jpy - Trade open - Hold
Chf Jpy - Missed the entry levels
Cad Chf - Missed the entry levels
Eur Nzd - Trade open - Close in profits
Cad Jpy - missed the entry levels
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Originally posted by TedB View PostHarsha, 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.
TRADING STYLE :
Well, trading styles varies from each individual. Every trader, trades in his own style
TP levels are always measured from the first entry level
Generally all my signals will give 60 pips ( TP2 level ) On each pair , as per the trend, 2 entry points will be given along with the Stop loss. (+/- 5 pips around the entry points is safe to trade )
1. TP 1 = 30 pips, TP 2 = 60 pips, TP3=90 pips (From first entry level )
2. Take a trade on the 1st & 2nd entry points and set the SL and TP.
3. If Trend reversal occurs, ( 15 pips above/below the 2nd entry level is always a trend reversal ) then please EXIT from both the trades, when the average of both the trades are in minimum profits or at break even or at min losses is also accepted.
When the price reaches TP1 level, it’s to the trader to decide on:
a. Close all the position with profits
b. Move the SL to break even and allow the trade to hit TP2 or TP3
c. Book profits on half the volume and allow another half trade to hit TP2
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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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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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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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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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Revpanther, assuming transaction costs are between 1-2 pips per trade and were not deducted from your totals, that still leaves an awful lot of profit per month. Thanks for sharing.
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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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