Forex Signals 23rd Feb
Quite a good day yesterday. We had EURJPY and CADJPY both reached their second Profit Target at +100 and +80 each. GBPJPY first target missed by few pips. If you are using market maker broker with wider spreads then I recommend taking that into account when setting up Stop Loss and Profit Targets.
Update at 5PM EST / 10 PM GMT / 0000 Hour Candle:
Order ID: 2 | Update | $GBPJPY Sell 141.35 | Move Stop Loss to 141.30
Order ID: 3 | Update | $EURJPY Sell 124.60 | Currently at +70
Order ID: 4 | Update | $EURUSD Sell 1.3620 | Move Stop Loss to 1.3615
Order ID: 5 | Update | $CADJPY Sell 87.95 | Second Profit Target Reached at +80 Earlier| Move Stop Loss to Break Even
Order ID: 6 | Update| $GBPUSD Buy 1.5510 | Currently at -30
Update at 9PM EST / 2 AM GMT / 0400 Hour Candle:
Order ID: 2 | Update | $GBPJPY Sell 141.35 | Closed out at +5
Order ID: 3 | Update | $EURJPY Sell 124.60 | Currently at +75
Order ID: 4 | Update | $EURUSD Sell 1.3620 | Currently at +15
Order ID: 5 | Update | $CADJPY Sell 87.95 | Second Profit Target Reached at +80 Earlier| Currently at +65
Order ID: 6 | Update| $GBPUSD Buy 1.5510 | Currently at -15Order ID: 7 | Order Cancels Order | $GBPJPY Sell 140.90 or Buy 141.70 | Stop Loss: 80 Pips | Take Profit: 70-140-210 Pips
Update at 1AM EST / 6 AM GMT / 0800 Hour Candle:
Order ID: 3 | Update | $EURJPY Sell 124.60 | Second Profit Target Reached at +100 Earlier| Move Stop Loss to 124.30
Order ID: 4 | Update | $EURUSD Sell 1.3620 | First Profit Target Reached at +40 | Rest Closed out at +5
Order ID: 5 | Update | $CADJPY Sell 87.95 | Second Profit Target Reached at +80 Earlier| Move Stop Loss to 87.55
Order ID: 6 | Update| $GBPUSD Buy 1.5510 | Currently at +15
Order ID: 7 | Update| $GBPJPY Sell 140.90 or Buy 141.70 | No Fill, Cancel Order
Update at 5AM EST / 10 AM GMT / 1200 Hour Candle:
Order ID: 3 | Update | $EURJPY Sell 124.60 | Second Profit Target Reached at +100 Earlier| Rest closed out at +30
Order ID: 5 | Update | $CADJPY Sell 87.95 | Second Profit Target Reached at +80 Earlier| Rest Closed out at +45
Order ID: 6 | Update| $GBPUSD Buy 1.5510 | First Profit Target Reached at +50 | Rest closed at -35Order ID: 7 | Order Cancels Order | $GBPJPY Sell 140.30 or Buy 141.70 | Stop Loss: 140 Pips | Take Profit: 70-140-210 Pips
Order ID: 8 | Pending | $EURJPY Sell 123.65 | Stop Loss: 95 Pips | Take Profit: 50-100-150 Pips
Order ID: 9 | Order Cancels Order | $EURUSD Sell 1.3615 or Buy 1.3700 | Stop Loss: 85 Pips | Take Profit: 40-80-120 Pips
Order ID: 10 | Pending | $CADJPY Sell 87.15 | Stop Loss: 55 Pips | Take Profit: 40-80-120 Pips
Update at 9AM EST / 2 PM GMT / 1600 Hour Candle:
Order ID: 7 | Update | $GBPJPY Sell 140.30 | Currently at +30
Order ID: 8 | Update | $EURJPY Sell 123.65 | First Profit Target Reached at +50 | Move Stop Loss to -47
Order ID: 9 | Update | $EURUSD Sell 1.3615 | First Profit Target Reached at +40 | Move Stop Loss to -42
Order ID: 10 | Update | $CADJPY Sell 87.15 | First Profit Target Reached at +40 | Move Stop Loss to -27
Update at 1PM EST / 6PM GMT / 2000 Hour Candle:
Order ID: 7 | Update | $GBPJPY Sell 140.30 | Second Profit Target Reached at +140 Pips | Move Stop Loss to Break Even
Order ID: 8 | Update | $EURJPY Sell 123.65 | Third Profit Target Reached at +150 Pips
Order ID: 9 | Update | $EURUSD Sell 1.3615 | Second Profit Target Reached at +80 Pips | Move Stop Loss to Break Even
Order ID: 10 | Update | $CADJPY Sell 87.15 | Third Profit Target Reached at +120 Pips
If you new to our blog then please read Forex Signals and Forex Signals FAQ
is there any news on the e.a yet because it didnt work on my alpari uk live account, on demo it seemed to work?
No new update yet my friend. I'll let you know if anything changes.
Greetings from Medellin, Colombia
i fire pips when you say if your using a market maker then you recommend you take the spread in to account im not sure what you mean well no im sorry i do know what you mean just i dont know what to do like to add pips or take away pips where and when? can you help some examples would be nice
You are right, I think I should write up in more detail on it. Though I've answered similar questions in the past, but they may be lost somewhere in the blog.
I'll update the blog FAQ with this info next time I go around updating it. But to get some creative juices flowing here, can I ask you, what do you understand needs to be done with market maker brokers?
i just get comfused as to when do i have to add pips or when do i have to take away pips sorry im kind of new to forex so im sorry if this sounds stupid or something i just need to know what to do thats all
like for instance i had this eur/cad sell trade open that hit its stop loss beacuse of the spread not acctually beacuse it reached where i put my stop the spread was somthing like 9.9 pips if i had known what to do with the spread back then i would of made a cool 200+ pips beacuse it got close to my stop and then reversed but because of the spread i got stopped out
Richard, my instructions to vary spreads only relate to orders that I publish. For trades that you take on your own need no modification.
For ex. Order says to Sell at 88.50 and take profit at 88.00 and Stop Loss at 89.00. if you are using market maker broker, your spreads could be higher than usual. So to compensate, you set Profit Target at 88.05 and Stop Loss at 89.05. This will take care of wider spreads on your trading platform. Now as you can see it will vary from pair to pair.
For EURUSD and GBPUSD I usually have 0-2 pips spreads, for EURJPY, CADJPY and GBPJPY around 1-3 pips. You can compare with you own and make necessary adjustments.
Hello, Firepips, i am new person ..May i ask normally what time the signal will be generate ? it is fix time on 5am EST, 9am EST, 1pmEST, 5pm EST ? or will generate the signal depend the market opportunity?
Please read http://forex.firepips.com/forex-signals/
Nice day FirePips !
USA Consumer confidence retreated badly :
EURJPY & CAJPY reach 3rd TP !
EURUSD 2nd TP
Thanks for your forecast !
Hi Firepips, new this week… awesome! nice beginning… doing things manually for now.Thanks…
PirePips … my first day with your signals … it´s amazing … I´m very grateful …
Greetings from Hamburg (Germany),
Radi0man (Dietmar)
Welcome aboard Eric and Radi0man
Let me know if you have any questions.
Great!! Great!!! Great!!!!
Second great day of trading, thanks!
I need someone who helps me to manage the OCO EA..
Try posting on EA thread. Do read other replies, you never know your questions may have already been answered.
Hi My broker doesn’t support OCO orders What Can I do? Thanks!
If your broker doesn't let you open trades in both direction then I recommend placing orders on one end and setting up sound alerts on entry price on the other side. There may a bit more work but it can be a good workaround.
May be there are some MT4 EAs out there which can take entry prices and then create a market order when price gets there.
grazie!
thanks
Good to hear from you Carlos and Pinokrav
SO WHAT DO I HAVE TO DO IN A BUY TRADE?
For ex. Order says to Buy at 88.50 and take profit at 89.00 and Stop Loss at 80.00.
You set Profit Target at 88.95 and Stop Loss at 79.95
I've been following you for the past few months sir! I think we all agree here that you've been doing a very good job!
i agree !!
500 pips in 2 days ))
hi firepips, have you ever heard the phrase 'give a man a fish and you feed him for a day. Teach him how to fish and you feed him for life'?
imo, without knowing the reasoning behind why/how your system operates it's unwise to depend on these signals.
It seems to be cloaked in secrecy for some reason…not so you can start charging for the signals in the future I hope?
Good point. Let me think about it
Why humans will never be happy with anything?????
If the signals are as good as I’ve read here, what’s wrong with charging for it someday if he so chooses?
Would love to know his setups though but let’s give him the liberty to or not to disclose that.
Guess if you stick in here long enough, and extract the info inherent in his signals and comments, you may be able to figure out what’s under the hood.
Thanks, FirePips
Appreciate your comments Myke
I would happily pay for an advantage in the market. I'm sure it would pay back ten fold.