Forex Intraday Signals – Week of 5 – 9th July
Hope you all had a great weekend. It was busy morning for me due to club re-opening. This is the second time we have officially open doors for new members. If you miss out today then feel free to drop us email at support@FirePips.com for next update.
I am continuing to post Intraday signals here. These signals so far have been great and in future they will come more frequently. If you like these signals then please leave comment so I know whether to continue posting them here or not.
Forex Signals 6th July
Update at 1 AM EST / 5 AM GMT / 0800 Hour Candle:
ID: 1 | Pending | $GBPUSD Buy 1.5170 | Stop Loss : 50 Pips | Take Profit: 15-30-45 Pips | A3
Update at 5 AM EST / 9 AM GMT / 1200 Hour Candle:
ID: 1 | Update | $GBPUSD Buy 1.5170 | First Profit Target Reached at +15 Pips | Rest closed out Break Even
No New Trade right now. Next update only when I see some trade worth taking.
Forex Signals 8th July
Update at 5 AM EST / 9 AM GMT / 1200 Hour Candle:
ID: 2 | Pending | $GBPJPY Sell 133.40 | Stop Loss : 55 Pips | Take Profit: 20-40-60 Pips | A1
ID: 3 | Pending | $AUDJPY Sell 76.80 | Stop Loss : 45 Pips | Take Profit: 15-30-45 Pips | A1
Update at 9 AM EST / 1 PM GMT / 1600 Hour Candle:
ID: 2 | Pending | $GBPJPY Sell 133.40 | Missed first profit target by 2 pips | Currently at -45
ID: 3 | Pending | $AUDJPY Sell 76.80 | No Fill, Cancel Order
AUDJPY on my broker missed entry by 0.008 fractional Pips. This order was stopped out for anyone who got filled.
Love the signals firepips, thanks and please keep posting them. i hope to make enough money so i can join the elite club one day.
me too
Would love to have you in the club
i m not quite convinced with the risk to reward ration of this kind of trades
If you trade 3 pieces, with say a 45-pip stoploss, and with targets of 15-30-45, then yes the risk/reward ratio is less than 1:1. But if the profit/loss ratio is 1.5:1 or even 2:1 you do need to consider both figures.
Now of course if the profit/loss ratio is only about 1:1 and the risk/reward ratio is less than 1:1, then of course that's a formula for losing.
But the trades on this method reach the at least the first target a lot more often than not. That is how this method is profitable.
@DP Thanks for taking time to reply mate.
@Jesus The general idea is to trade with the Intraday momentum and it is easier to get 15-20 pips when entering at the right time. After moving Stop Loss to Break Even it is free trade anyways.
If RR is not suitable for you then I suggest you include the signals in your own analysis and you may find better entries and exists.
thank you so much for the great signals firepips. hopefully one day i'll make enough and have the confidence to join the elite club. please keep remembering us smaller folks and thanks for the blessing. hope you keep posting for a while.
thankx buddy …
would certainly join elite team …
very soon..
Thank you for your great free signals! You are the best!
Love the free signals, unfortunately can't afford the club at the moment. I just finished a paper trading month and plan to start using my own strategy to trade for real. Also based on 4 hour time frames, mainly using volume spread analysis.
just stumbled across this site and impressed by the format. Will post a link to a discussion board site on an interactive investor forum I use. Good to see you're of the price action school of trading. Also I like your reference to the charity you support and I wish you every success in life and in your trading.
All the best
John(from England, UK)
Hi,
Im from Germany and I just want to thank you for your great job. Hope I make engouh money to join your club!
Thanks you very much!