Forex Signals 24th, 25th & 26th Mar

Market so far this week has been going sideways, there is not much movement in either direction that we can benefit from. When this happens at the beginning of the week then you can expect to see movements later in the week.

On a side note, later today I’ve an announcement regarding Expert Advisor. Keep an eye out for it.

Table Below Shows List of Currently Open Orders:
Order IdCurrency PairBuy / SellEntry PriceStop LossNext Profit Target
Table of Closed Totals For This Week's Trades (as of 26 March 2010, 16:00 hour candle):
Total ClosedOrder IDCurrency PairBuy / SellEntry Price Stop LossProfit TargetsStatus of Trade
01GBPJPYPending, Sell134.95100 Pips70-140-210No Fill, Cancel Order
-1352CADJPYOCO, Buy89.2545 Pips40-80-1203 units at -45 = -135
-1053CHFJPYOCO, Sell85.1035 Pips30-60-903 units at -35 = -105
1504EURJPYOCO, Sell122.160 Pips50-100-1501 unit at +50
1 unit at +100
1 unit at 0
Total = +150
905CHFJPYOCO, Sell85.0060 Pips30-60-901 unit at +30
1 unit at +60
1 unit at 0
Total = +90
-1506EURUSDOCO, Sell1.349050 Pips40-80-1203 units at -50 = -150
-107GBPJPYOCO, Sell135.3080 Pips70-140-2101 unit at +70
2 units at -40, = -80
Total = -10
08EURUSDOCO120 Pips40-80-120No Fill, Cancel Order
-2109GBPJPYOCO, Buy136.2570 Pips70-14-2103 units at -70 = -210
-2010EURJPYOCO, Sell122.0070 Pips50-100-1501 unit at +50
2 units at -35,
= -70
Total = -20
28011GBPJPYOCO, Buy136.4130 Pips70-140-2101 unit at +70
1 unit at +140
1 unit at +70
Total = +280
3012CHFJPYOCO, Buy85.3050 Pips30-60-901 unit at +30
2 units at 0,
= 0
Total = +30
24013EURUSDOCO, Sell1.349570 Pips40-80-1201 unit at +40
1 unit at +80
1 unit at +120
Total = +240
4014CHFJPYOCO, Buy85.7070 Pips30-60-901 unit at +30
2 units at +5, = +10
Total = +40
-13515EURJPYOCO, Buy122.75115 Pips50-100-1503 units at -45 = -135
27516EURJPYOCO, Buy122.865 Pips50-100-1501 unit at +50
1 unit at +100
1 unit at +125
Total = +275
+340TOTALCLOSEDON THEWEEK

Update at 5 PM EST / 9 PM GMT / 0000 Hour Candle:

Order ID: 10 | Update | $EURJPY Sell 122.00 | Currently at -5

Order ID: 11 | Update | $GBPJPY Sell 135.10 or Buy 136.40| Waiting to get filled

Order ID: 12 | Update | $CHFJPY Buy 85.30| First Profit Target Reached at +30 Earlier | Currently at +15

Order ID: 13 | Update | $EURUSD Sell 1.3495 | Currently at -5

Update at 9 PM EST / 1 AM GMT / 0400 Hour Candle:

Order ID: 10 | Update | $EURJPY Sell 122.00 | Currently at +15

Order ID: 11 | Update | $GBPJPY Sell 135.10 or Buy 136.40| Waiting to get filled

Order ID: 12 | Update | $CHFJPY Buy 85.30| First Profit Target Reached at +30 Earlier | Currently at +25

Order ID: 13 | Update | $EURUSD Sell 1.3495 | Missed First Profit Target at +40 by 3 Pips

Update at 1 AM EST / 5 AM GMT / 0800 Hour Candle:

Order ID: 10 | Update | $EURJPY Sell 122.00 | Currently at +15

Order ID: 11 | Update | $GBPJPY Sell 135.10 or Buy 136.40| Waiting to get filled

Order ID: 12 | Update | $CHFJPY Buy 85.30| First Profit Target Reached at +30 Earlier | Move Stop Loss to 85.30

Order ID: 13 | Update | $EURUSD Sell 1.3495 | First Profit Target Reached at +40 | Move Stop Loss to 1.3530

Update at 5 AM EST / 9 AM GMT / 1200 Hour Candle:

Order ID: 10 | Update | $EURJPY Sell 122.00 | First Profit Target Reached at +50 | Move Stop Loss to 122.35

Order ID: 11 | Update | $GBPJPY Buy 136.40| Currently at -25

Order ID: 12 | Update | $CHFJPY Buy 85.30| First Profit Target Reached at +30 Earlier | Rest Closed at Break Even

Order ID: 13 | Update | $EURUSD Sell 1.3495 | Third Profit Target Reached at +120

Order ID: 14 | Order Cancels Order | $CHFJPY Sell 85.00 or Buy 85.70| Stop Loss: 70 Pips | Take Profit: 30-60-90 Pips

Update at 9 AM EST / 1 PM GMT / 1600 Hour Candle:

Order ID: 10 | Update | $EURJPY Sell 122.00 | First Profit Target Reached at +50 Earlier | Rest Closed out at -35

Order ID: 11 | Update | $GBPJPY Buy 136.40| First Profit Target Reached at +70 | Move Stop Loss to 135.75

Order ID: 14 | Update | $CHFJPY Buy 85.70| Currently at +10

Order ID: 15 | Order Cancels Order | $EURJPY Sell 121.60 or Buy 122.75| Stop Loss: 115 Pips | Take Profit: 50-100-150 Pips

Update at 1 PM EST / 5 PM GMT / 2000 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| First Profit Target Reached at +70 Earlier | Currently at +75

Order ID: 14 | Update | $CHFJPY Buy 85.70| First Profit Target Reached at +30 | Move Stop Loss to 85.35

Order ID: 15 | Update | $EURJPY Buy 122.75| Currently at +15

Update at 5 PM EST / 9 PM GMT / 0000 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| First Profit Target Reached at +70 Earlier | Currently at +80

Order ID: 14 | Update | $CHFJPY Buy 85.70| First Profit Target Reached at +30 Earlier | Move Stop Loss to 85.75

Order ID: 15 | Update | $EURJPY Buy 122.75| Currently at +10

25th March 2010

Update at 9 PM EST / 1 AM GMT / 0400 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| First Profit Target Reached at +70 Earlier | Move Stop Loss to 136.60

Order ID: 14 | Update | $CHFJPY Buy 85.70| First Profit Target Reached at +30 Earlier | Closed out at +5

Order ID: 15 | Update | $EURJPY Buy 122.75| Move Stop Loss to 122.30

Update at 1 AM EST / 5 AM GMT / 0800 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| First Profit Target Reached at +70 Earlier | Currently at +60

Order ID: 15 | Update | $EURJPY Buy 122.75| Currently at -10

Update at 5 AM EST / 9 AM GMT / 1200 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| First Profit Target Reached at +70 Earlier | Currently at +90

Order ID: 15 | Update | $EURJPY Buy 122.75| Closed out at -20

Order ID: 16 | Order Cancels Order | $EURJPY Sell 122.15 or Buy 122.80| Stop Loss: 65 Pips | Take Profit: 50-100-150 Pips

Update at 9 AM EST / 1 PM GMT / 1600 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| Second Profit Target Reached at +140 Pips | Move Stop Loss to Break Even

Order ID: 16 | Update | $EURJPY Buy 122.80| Currently at +25

Update at 1 PM EST / 5 PM GMT / 2000 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| Second Profit Target Reached at +140 Pips Earlier | Currently at +145

Order ID: 16 | Update | $EURJPY Buy 122.80| Second Profit Target Reached at +100 | Move Stop Loss to Break Even

26th Mar 2010

Update at 5 PM EST / 9 PM GMT / 0000 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| Second Profit Target Reached at +140 Pips Earlier | Move Stop Loss to 137.10

Order ID: 16 | Update | $EURJPY Buy 122.80| Second Profit Target Reached at +100 | Currently at +25

Update at 9 PM EST / 1 AM GMT / 0400 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| Second Profit Target Reached at +140 Pips Earlier | Currently at +80

Order ID: 16 | Update | $EURJPY Buy 122.80| Second Profit Target Reached at +100 Earlier | Currently at +20

Update at 1 AM EST / 5 AM GMT / 0800 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| Second Profit Target Reached at +140 Pips Earlier | Currently at +150

Order ID: 16 | Update | $EURJPY Buy 122.80| Second Profit Target Reached at +100 Earlier | Currently at +75

Update at 5 AM EST / 9 AM GMT / 1200 Hour Candle:

Order ID: 11 | Update | $GBPJPY Buy 136.40| Second Profit Target Reached at +140 Pips Earlier | Rest Closed out at +70 Pips

Order ID: 16 | Update | $EURJPY Buy 122.80| Second Profit Target Reached at +100 Earlier | Currently at +100

Update at 9 AM EST / 1 PM GMT / 1600 Hour Candle:

Order ID: 16 | Update | $EURJPY Buy 122.80 | Second Profit Target Reached at +100 Earlier | Rest Closed at +125 Pips

That’s all for this week friends. Have a great weekend !

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50 Responses to “Forex Signals 24th, 25th & 26th Mar”

  1. robrobrob 24 March 2010 at 1:52 am #

    signals are great, and free. Godbless Firepips for all the work he is doing. however, while pips are nice, it would be more useful to show what is actually happening in terms of profit and loss. For instance, the way the chart is now, if profit target is 30-60-90 and the first two hit, it says +90. That is inaccurate, it would really be +45. If all 3 hit, it would be +60. doing it this way is far overstating the gains and they are not there in reality.

    • David 24 March 2010 at 3:15 pm #

      ? 3 lots taken at once at the same market price, one closes at +30
      the second closes at +60.. 30+60=90 pips..
      numbers seem right to me.

    • Tim 26 March 2010 at 1:54 am #

      The pips counting is correct and very fair to my opinion as they recorded profit and loss for each trade separately and they are consistent to each other, for example there are 3 trades opened with profit targets 30+60+90 and stop loss 50 each. If the all profit targets hit they will be recorded as +180=30+60+90, if the stop loss is hit they will be recorded as -150=-(50+50+50). As long as the loss is recorded the same way as profit, the recording system is fair enough. I hope it helps.

  2. FirePips 24 March 2010 at 3:41 am #

    Rob, Lets look in $ terms:

    Say you open 3 lots on EURUSD Buy at 1.3500 Stop Loss 1.33450 and Profit Targets 1.3550, 1.3600 and 1.3650. 1 Pips = $10 in this example.

    When we reach first Profit Target we book in $500, second target we got $1000. Now if we do the way you suggested, we should only see $750 in your account, which is not true.

    Same goes for losses, if we hit the Stop Loss then we lose 3 x $500 and we won't average out the loss (i.e $750 )

    Hope it make sense.

    • robrobrob 24 March 2010 at 11:17 am #

      yes, the way you are displaying it makes sense. I was thinking about it in a different sense..I shouldn't post things late at night. Sorry about that.

      • Jimalexp 24 March 2010 at 1:20 pm #

        I've never understood this business of opening multiple lots. Could some kind soul please explain the reasoning behind it?

        • FirePips 25 March 2010 at 12:23 am #

          Mate..the idea is to catch larger moves while locking in profits at different stages. On the negative side when you lose, you lose 3 times as much.

          Another approach is to use trailing stop but personally I don't prefer it.

  3. Jimalexp 24 March 2010 at 1:18 pm #

    Along the lines of what robrobrob has said, a profit/loss graphic with overall and individual pairs. Some stats would be welcome too. That is if you're looking for ideas in the medium term.

  4. dsounds 24 March 2010 at 8:44 pm #

    Is it possible to set up several TPs within MT4 or must I be present to manually do it everytime?

    • Diet Pipsi 24 March 2010 at 9:42 pm #

      On most brokers' MetaTrader platforms, at least at the present time, if you make three separate trades to get in, then you can put in three separate takeprofit orders. You probably already knew that.

      But if you opened one trade of 3 units, then you can only set a takeprofit order for 100% of that position. In order to dial down the lots and close only a portion of the position (in this case only 1/3), you must close each 1/3 manually in real time, where you can dial down the amount of lots to close.

      On the platform, when you modify an order to put in the takeprofit order, the box where you could select less lots is there, it's just greyed out. That leads me to think that MetaTrader might be capable of the functionality, and that the brokers just don't allow it. That I do not know. But I have never seen a broker that will allow it.

      And I said "most" with the three-separate-orders thing, because some brokers will lump your three orders together into a single position even if you make them separately. I have seen at least one that in that case they still did not allow three separate takeprofit orders, because they added the second and third trades as "modifications" to the first order number, and then again considered it a single position. You could manually close just a portion if you wanted to, but you couldn't put in takeprofit orders for anything other than 100% of the total position. It was a pain in the @$$ at the time. I can't recall which broker it was, but I remember the situation.

      Hopefully helpful – -

      • dsounds 24 March 2010 at 10:19 pm #

        Well hopefully all my worries about not being able to be in front of a computer to close out some of my trade will be eliminated with the EA. Whenever that comes about…

        • FirePips 25 March 2010 at 12:20 am #

          Its coming…hang in there :)

          Thanks DP for another great comment.

          • Diet Pipsi 25 March 2010 at 2:39 am #

            Oh, absolutely welcome.

            Hey DSOUNDS, are you using a 4th digit or 5th digit broker? An ECN or a MM broker?

            If it is a 4th digit MM broker, try my EA. Look at the top of the page in the "downloads" tab.

            We've all discovered that it doesn't like 5th digit pricing the way it's written, and at least some ECN brokers it won't work. (Because I wrote it to include stoploss and takeprofit orders with the opentrade order, which I didn't need to do it that way, but thought it was the more prudent thing to do.)

            But if you are using a MM broker with 4th digit pricing it should work fine. I use it every day on FXDD, and in a month or so it has never missed an entry or a failed to close correct amounts at the appropriate prices.

            Of course you may one who has already tried it and it not work on your broker, for which I am sorry. But just in case you hadn't tried it I wanted to let you know.

            Hopefully helpful -

          • Duke 26 March 2010 at 7:45 am #

            I was trying to make it work for 5 digits, tested it on interbankfx, it opend the trades normally, but haven't tested thoroughly though

          • DietPipsi 26 March 2010 at 8:27 pm #

            I was not aware that InterbankFX had gone to 5th digit. I recall a year or so ago they were going to, and my wife has a live account with them, so I'd think we'd have been told if they had. They did tell us about a year ago that if we wanted to switch, we'd have to ask for our account to be switched over, and at the time I hated 5th digit, so I didn't ask.

            I hope your mods work for it, and if they do I'd ask that you offer to share . .

          • liaueg 26 March 2010 at 10:49 pm #

            Hi,

            InterbankFX 5 digits is with the Demo. They are putting it for the user to test it out before going live.
            As of now, for live account, they are still 4 digits

          • Duke 26 March 2010 at 10:38 pm #

            I would share it ofcourse, but it is your code. If i could send it back to you, you can review the changes I made and see if there's a problem with it.

            yep, IBFX has an option for server that has 4 or 5 digit, but i am not sure if they will allow you to manipulate the 5th digit, I tried to enter 1.36625 on the EA but it opens the trade with 1.36640

            I haven't tested it thoroughly because my day job is keeping me busy, Lol

  5. Jayakumar.N 25 March 2010 at 8:27 am #

    Try to keep the table of pips we deal for every week -for all weeks.So that we can see the trend of all week.

    • DietPipsi 25 March 2010 at 10:18 am #

      Been keeping it for a long time; been posting it updated every candle for about 3 weeks now.

    • FirePips 26 March 2010 at 12:57 am #

      Diet Pipsi has been doing a phenomenal job keeping the table up-do-date :)

  6. marvin 25 March 2010 at 10:45 pm #

    I've been following your signal for about 2 months now. Not all trades were winning trades. Nevertheless, I think you're doing a really wonderful job here. :)

    • FirePips 26 March 2010 at 12:13 am #

      Marvin you are right. I am sure you understand that "losing" is part of trading. Instead of focusing on eliminating bad trades all together, we should work on keeping the winnings, letting profitable trades runs to their full potential and cutting losses short.

  7. Cheetah 25 March 2010 at 3:12 pm #

    My personal goal: make my life easier. My trading goal is to get consistent pips and FP delivers. Several people have commented about using fewer lots with fewer pairs. Based on the above stats I calculated that by taking only 1 lot and only the first TP the total would be about +150, including trades 11 and 16 (at the time I made this comment). This includes all losses on 1 lot trades. FP is great at picking winners and then maximizing the total returns. However, FP's consistency might give be means to a steady income.

    • FirePips 26 March 2010 at 12:56 am #

      The 1 lot method may look good this week however it may not work as good other times, specially weeks when we have big winners.

  8. Cornerketch 25 March 2010 at 4:52 pm #

    Great signals, Please don't forget your loyal following when you go commercial. At least don't kill us with a high cost for the service..

    I have done the .70/.20/.10 split for the long range lots.. I bet your first price call gets hit most often, so load up the profits, then let the other ride, but at a lesser amount.

    If you can put something like this in the EA..

    I would love to see a set to break even after the first target is hit.. the others ??

    Keep up the good work

    • FirePips 26 March 2010 at 1:10 am #

      Mate…let me tell you something. No matter what happens my plans would always have something for everyone. Everyone is part of this and I promise no one will be left behind.

      By the way not a bad idea to put variable lot size for different profit target. This , in future, would also become part of EA .

  9. Winnie 25 March 2010 at 5:33 pm #

    will u ever charge for your signals? I'm not used to free signals being this accurate….lol God Bless nonetheless!!

    • FirePips 26 March 2010 at 12:31 am #

      Glad you asked…I am working a very interesting project which will add heaps more value than just signals. Stay tuned :)

      • Jerric 26 March 2010 at 1:00 am #

        I don't mind paying for your excellent signals but not too high fee please i am only trading with micro account lol!!

  10. Gio 26 March 2010 at 11:16 am #

    DP,

    I'm with MBTrading and it seems your EA doesn't work with them. I saw that you're testing the EA to work with MBT and 5 digit broker, have you finished? Please kindly share….

    thanks

    • DietPipsi 26 March 2010 at 8:24 pm #

      No, I haven't finished it. And I want to too, because I have a live account with MBT and would like to use it with this. But I have just been too busy with other stuff. Several people on this board have modified it and made it work, I wonder if any of them are willing to share what they have done.

  11. John 26 March 2010 at 11:43 am #

    Too many trades to get +165. I have never seen such a volatile forex report in my life, ahow do you guys trade that. I can't do that with my standard account.

  12. globalfxsignal.com 26 March 2010 at 12:46 am #

    Nice work firepips.

  13. globalfxsignal 26 March 2010 at 11:39 am #

    270 pips from 9 trades. Less risky and no overnight holding.

  14. Sue B 26 March 2010 at 5:44 pm #

    Hi FirePips, Have been watching your trades for 3 days now and understand most of the time why you post the trades you do.I normally use the 15mtf which can be very hectic! I think that the 4htf maybe better.
    Thank you for posting these trades,I look forward to waching and learning a bit more about the price actions you employ.

    • FirePips 29 March 2010 at 3:37 am #

      Mate…I've traded 15 minutes before and for same reason I now prefer 4hour method.
      Next goal to create a strategy for Position Trading based on Daily and Weekly charts.

  15. Mark 26 March 2010 at 6:18 pm #

    FP,
    Seems the order ID 16 has not been updated in the table. Should be 1 lot at 50, 1 lot at 100, and 1 lot at 125, right?

    Thanks,
    Mark

    • DietPipsi 26 March 2010 at 8:13 pm #

      You were right – The 1200 bar is 6am for me, and so on Fridays I don't bother to get up and do it; I just set my trades to close and I stay asleep. In fact I didn't get up this morning until after 11am!!!

      When I got up, I posted the week closing numbers. I also discovered that I had not been counting all of trade 11 for the last several candles, and fixed that too for the total pip count.

  16. jp 26 March 2010 at 10:15 pm #

    hi DietPipsi,
    about the table with the trade results, perhaps i'm wrong but shouldn't trade #14 total 130 pips? 30+(2×50)
    and trade #16 i believe should have a total closed of 275pips
    i didn't follow the trades so i might be missing something.

    thanks for the great job you're doing

    • DietPipsi 26 March 2010 at 10:54 pm #

      Hi JP –

      No, #14 was 1 at +30, and 2 at +5, for a total of +40. I had the extra 0 in after the 5 by typo. Funny, I had just fixed that when I saw your post.

      Yes, #16 was 275, I forgot to fix that field when updating the closed trade. The total reflects the 275 already though.

      Thanks for noticing and posing if you see an error.

      As I've said before, the table posted is particularly easy to read, but it is particularly cumbersome to update it. It is not like a spreadsheet, it is nothing more than a bunch of unrelated fields that must each be typed manually every time something changes. I do a pretty good job of catching every thing that needs updating with each candle, but I do miss things occasionally.

      Again, thanks for the post if you see something I missed.

      • FirePips 26 March 2010 at 10:58 pm #

        Mate…I can't thank you enough for taking load off my back. Really admire your dedication…thanks again

        • DietPipsi 26 March 2010 at 11:05 pm #

          np. And it's no more than your dedication, which I admire. Thanks to you as well.

          • jp 26 March 2010 at 11:20 pm #

            up to the part of long hard weekend I was feeling sorry for you, not after reading the rest. :)
            have a great weekend you and firepips, you both deserve it.

            I'm sure your hard work is already improving the life of many.
            and by this i don't only mean through earned pips.
            thanks again

      • jp 26 March 2010 at 11:04 pm #

        thanks for the incredible fast reply, and even faster correction.i was beginning to wonder if i was seeing things. for when i went back to the table it was already corrected. :)

  17. DietPipsi 26 March 2010 at 11:03 pm #

    OK gang, the weekly total I believe is correct as posted now, +340 on the week. I had a mistake in how I was counting partial close for trade # 11 for the last several candles, but I caught it when I posted the closing numbers. All that means is that we had about 100 more pips closed already yesterday than I had posted as closed. And since we had so many still open over that time is why I didn't notice it each time I was looking at the trades.

    • FirePips 26 March 2010 at 11:07 pm #

      +340 seems to be correct. Aurimas on email also have the same number.

  18. thesmsguide 27 March 2010 at 3:38 am #

    I got over 200 pips for EURJPY this week. Thanks FirePIPS!!!

  19. Vladimir 27 March 2010 at 12:12 pm #

    Hello everyone,
    Is there any statistic for total pips for all pairs since Jan 2010?

    • DietPipsi 29 March 2010 at 1:07 am #

      Hi Vladimir –

      Starting at the top of this page, look down the right side, and you'll see a heading called "Categories" and under that is a link for Forex Performance. If you click there you will see several updates, and one of them compares the performance of just EURUSD & EURJPY witgh the performance of all the pairs, and it is complete report since January. The next to the last chart on that page is a weekly totals report. The blue bars are what we would have had if we'd traded just EURUSD & EURJPY, and the red bars are what we did get trading everything.


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