Club: +1050 Pips Intraday Signals: +205 Pips

Hello Everyone !

Just want to drop a quick note before we finish off for the week. We had a great start with new Intraday signals. We managed +205 pips in 6 trades. The main idea behind these signals is to catch price momentum which happens on smaller timeframes, however instead of using 15 min charts I still use 4 hour charts which gives me a better perspective.

In the Elite Club this week we made +1050 pips in 4 trades on EURJPY and EURUSD combined. A couple of weeks ago we also had +1020 pips on those two pairs, however that week had some wild price action which increased our Stop Loss levels and I end up personally not taking those trades. Things are now looking very positive and I am quite optimistic about coming weeks.

I’ve received a quite a few inquiries regarding the Club, and for now I am only taking in traders who know how to use my signals. The reason being it saves me time from explaining all the basics and then I can focus on other more important things. Though signals are not hard to understand but I expect traders to know the basics. The fees to join the club is USD249 per month. Anyone who is interested in joining drop me an email at admin@firepips.com before start of next week and I’ll send you payment links.

For those who are new to our blog, note that we have a Club where members receive our original Swing trading signals. Lately I’ve introduced new intraday signals which are based on a variation of Swing trading strategy. All new signals and any signals that may come in future will eventually become part of the Club.

That’s all for this week friends, have a great weekend !

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7 Responses to “Club: +1050 Pips Intraday Signals: +205 Pips”

  1. abdel 29 May 2010 at 1:01 am #

    where do you update your signals ?

    • FirePips 29 May 2010 at 3:23 am #

      Intraday Signals are posted on the blog, Twitter, Facebook and also send via email every 4 hours.

      Swing trading signals are only available to club members.

  2. Hans 29 May 2010 at 4:43 am #

    no signals today ?

    • FirePips 29 May 2010 at 3:22 am #

      There were no good setups towards the end of the week.

  3. Tony Iervasi 30 May 2010 at 1:09 pm #

    Re garding 3 trades,per signal
    When you trade do you go in at 3 x 100k contracts per currency pair or 1x 300k contract, which equates the same but not as flexibale as 100k Contract.
    Eg. If you have seperate lots you can close out of trdaes as you please if it relates to your money mangement.

    • DietPipsi 1 June 2010 at 5:41 am #

      Hi Tony –
      First off, you need not necessarily be using 100k contracts. I imagine you know this already, but for the benefit of others who might read this you use whatever contract size (or lot size) is appropriate for your account size and risk tolerance level.

      Once you have determined that size, then you may either trade it as 1 trade of 3 units, or 3 trades of 1 unit each.

      For me, if I am trading it manually, with a MetaTrader broker, I will take 3 trades of 1 unit each. That way I can set different profit target levels for each piece of the trade. With MetaTrader, if you have a trade of 3 units, you can manually close just one if you are there at the right time to do it yourself (or an EA can close just one at the specified target), but you can't set profit targets in advance for partial closes. At least not with any MetaTrader broker I have ever used.

      With some broker platforms (not MetaTrader) you can order one trade of 3 units, and still there is away to tell it in advance to close 1 unit at one target, the next unit at the next target and the third unit at the third target. And of course, again an EA can be attached on a trade of 3 units that will close 1 unit at each specified target level.

      Hopefully helpful -

  4. Keiran 19 June 2010 at 11:03 pm #

    Re garding 3 trades,per signal
    When you trade do you go in at 3 x 100k contracts per currency pair or 1x 300k contract, which equates the same but not as flexibale as 100k Contract.
    Eg. If you have seperate lots you can close out of trdaes as you please if it relates to your money mangement.


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