Forex Signals 29th Jan
Yesterday was interesting, we had GBPJPY which reached 2 profit targets and closed out at a total of +240 pips, at the same time we had CADJPY which was stopped out on all three lots for -50 pips each. At the end of the day we reached a total of +140 Pips with EURJPY reaching +50 pips for the first lot.
My current pip count for the month is sitting at close to +1000 pips. We have another day to go before we finish this month, lets hope it continue in our favor.
Update at 5PM EST / 0000 Hour Candle:
Order ID: 15 | Update | $EURJPY Sell 125.75 | Move Stop Loss to 125.85
Order ID: 16 | Update | $EURUSD Sell 1.3975 | Currently at +5 Pips
Order ID: 17 | Update | $GBPJPY Sell 144.55 or Buy 146.65 | Waiting to get filled
Update at 9PM EST / 0400 Hour Candle:
Order ID: 15 | Update | $EURJPY Sell 125.75 | Currently at +30
Order ID: 16 | Update | $EURUSD Sell 1.3975 | First Profit Target Reached at +40 Pips | Move Stop Loss to -40
Order ID: 17 | Update | $GBPJPY Sell 144.55 | Move Stop Loss to 145.35
Update at 1AM EST / 0800 Hour Candle:
Order ID: 15 | Update | $EURJPY Sell 125.75 | Waiting for Second Profit Target to Reach at +100
Order ID: 16 | Update | $EURUSD Sell 1.3975 | Waiting for Second Profit Target to Reach at +80
Order ID: 17 | Update | $GBPJPY Sell 144.55 | Closed out at -80Order ID: 18 | Order Cancels Order | $GBPJPY Sell 144.65 or Buy 145.50 | Stop Loss: -85 Pips | Take Profit: 70-140-210 Pips
Update at 5AM EST / 1200 Hour Candle:
Order ID: 15 | Update | $EURJPY Sell 125.75 | Closed out at -10
Order ID: 16 | Update | $EURUSD Sell 1.3975 | Move Stop Loss to 1.3990
Order ID: 18 | Update | $GBPJPY Buy 145.50 | Currently at +10
Update at 9AM EST / 1600 Hour Candle:
Order ID: 16 | Update | $EURUSD Sell 1.3975 | Closing remaining lots at +25
Order ID: 18 | Update | $GBPJPY Buy 145.50 | First Profit Target Reached at +70 | Closing rest at +5
That’s all for this week friends. I hope you are finding these signals helpful. Over the weekend I’ll create the tally for Pip count, upgrade WordPress and Theme (got some issues after moving to VPS) and do some final testing for email delivery. Make sure to add “admin@firepips.com” to your address book. I will also work on getting the Facebook group started, thanks to all who responded on FaceBook.
Don’t worry, it is not all work lined up for this weekend. I’ve a full body massage scheduled tomorrow morning (along with wifey) and will be watching finals of Australian Open. I would love to know what you will be getting upto this weekend, perhaps we may have some common interests. That’s it for now, have a great weekend !
morning superstar
congratulations on the magnificient performance thus far.
wish i could have your start and finish.
but i had a bad start and will finish this month badder.
hope to have a good start next month.
is order 17 still good?
is quite close now at 14470.
Hi Haniff,
Don’t worry about it, it is only going to get better from here.
Yes, GBPJPY Short is still good.
Hi firepips.
Can I ask you a question? Your trading strategy is based on price action right?(or is it price movement?). Does the performance affected by trading news/report like for example the US NFP report?
Plus I want to take the opportunity to congratulate you for your excellent trading result. Whta a pipcatch
hi superstar
it almost got to the 144 55 actually 15 pips away.
i think i will stay away today being friday and month end also.
i accept this month as another part of my learning curve, but next month i will prevail.
tks cu monday.
Haha i was burned quite badly by the GBP/JPY, cause i got greedy and traded an amount that i cannot afford to lose. I guess i will have to top up my account, and play with discipline from now on… Anw, Thanks Firepips, you’ve helped me earn a lot, if i never get greedy, i’m still earning now. Hope Feb will be a good Month for all of us!
Thanks FirePip!
Hi Azizi,
Not much difference between Price Action and Price Movement. At the end of the day they both enable you trade in the direction of the trend.
News like NFP or interest are quite volatile, I tend to avoid new trades during those times, but don’t have problem holding through existing trades.
Hi Haniff,
Good idea. Sometime it is good to step away and come back with a fresh outlook.
Catch ya next week.
Hi Eric,
Sorry about GBPJPY. Remember the cardinal rule of trading, manage your account so you can trade another day.
hello FP
first week following you, not the best one probably, little loss for me. which is your balance guys?
this week end for me it will be at a beautiful termal spring here in the nord of italy called Miradolo.
have a great w.e. all
davide
FirePips…
Why you not explain at least the basic of your strategy? In fact, you can make a donation paypal account to you share this with people that like to donate in your account. Just to see what are the foundations of your trading and signals approach.
Hi Mauricio,
That’s a good idea. I’ll consider it and will let you know.