Forex Signals 3rd Mar

Ohayoou Gozaimasu,

Free signals to those who can guess what language is this greeting :)

I think this week is a good example of why right mental framework is so important for successful trading. Coming from a very successful last week, this week seems quite uneventful, at least so far. A typical trader may be inclined to risk more or take unjustifiable trades just to chase the feeling of high that he/she received last week. A prudent thing to do is to mentally block out what happened in the past and continue trading as normal. Every trade is a new trade and its outcome is not related to previous trades.  I’ve mentioned this before but here it is again:  “A trader should not think about Performance while Performing”

Update at 5PM EST / 10 PM GMT / 0000 Hour Candle:

Order ID: 9 | Update | $EURJPY Sell 119.95 or Buy 121.40 | Waiting to get filled

Update at 9PM EST / 2 AM GMT / 0400 Hour Candle:

Order ID: 9 | Update | $EURJPY Sell 119.95 or Buy 121.40 | Waiting to get filled
Order ID: 10 | Order Cancels Order | $EURUSD Sell 1.3600 or Buy 1.3660 | Stop Loss: 60 Pips | Take Profit: 40-80-120 Pips

Update at 1AM EST / 6 AM GMT / 0800 Hour Candle:

Order ID: 9 | Update | $EURJPY Sell 119.95 or Buy 121.40 | No Fill, Cancel Order
Order ID: 10 | Update | $EURUSD Sell 1.3600 or Buy 1.3660 | Waiting to get filled

Update at 5AM EST / 10 AM GMT / 1200 Hour Candle:

Order ID: 10 | Update | $EURUSD Sell 1.3600 | Closed out at -60

We are done for the week. Have a good Weekend !

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31 Responses to “Forex Signals 3rd Mar”

  1. dorai 3 March 2010 at 4:52 am #

    japanese words
    from the movie Shogun

  2. Darren 3 March 2010 at 9:22 am #

    once again your EU short got triggered on what looks to be a fakeout (false breakout). your trading style is not for me, because i see a lot of fakeouts at market open, and in this scenario your trades will just be stopped out.

    • FirePips 3 March 2010 at 10:01 am #

      You are right, false breakout do happen, they are just part of trading.

  3. Indy 2 March 2010 at 11:36 pm #

    Sounds like Japanese to me.

  4. Mythendor 2 March 2010 at 11:53 pm #

    Haha, good morning to you to! -Japanese

  5. Mark 3 March 2010 at 12:03 am #

    Japanese or Indonesian…..I think

  6. piroz 3 March 2010 at 12:25 am #

    definitely japanese

  7. Steven 3 March 2010 at 12:59 am #

    definitely Japanese. Domo Arigato.

  8. Winnie 3 March 2010 at 1:02 am #

    Japanese Baby!!

  9. BaronJ 3 March 2010 at 12:03 pm #

    Hello,
    I have programmed a raw EA to Import live the Trades from your twitter page, maybe someone has the Time to complete it, I am in my exams… so. Here's the link:
    http://codebase.mql4.com/6485

    ps:Your'e in Japan or what?

    • FirePips 3 March 2010 at 1:51 am #

      Thanks for the EA mate.

      No, I am neither Japanese nor in Japan.

  10. richard 3 March 2010 at 2:32 am #

    i was going to say japanese but i didnt get there first lol well heres what i got to say back … harō mo shingō ide okonawa firepipsbaai wa , shōrai teki ni wa , hādo no shigoto to kōun appu wo kitai shi te …. and in english … hello firepips well done with the signals i hope you keep up your hard work and good luck in the future :)

  11. CptBlood 3 March 2010 at 3:03 am #

    Hey Fire, this is Captain Blood from Italy.
    New to forex (been trading for few months) and new follower of your blog.
    Whatever will come out, I want to express my appreciation on your job because apart from the results you are helping me to understand more.
    So, keep up the good work! I'll stay tuned !

    • FirePips 3 March 2010 at 3:14 am #

      Welcome aboard Captain ! Feel free to ask any questions that you may have.

      • CptBlood 3 March 2010 at 4:34 am #

        Cheers mate!
        I've put your triggers on EUR/USD…..however looks like still in lateral trading range….feels undecided, and hope it won't trigger the buy side whilst actually "bearing" down :)

  12. Diet Pipsi 3 March 2010 at 3:14 am #

    Hey Richard – I'll one-up you:
    Oom papachucka maka nanu singow.
    Meling kapalana wani domo chingpow..
    Heddy kapalua cuma gensing tea…
    Oomama chucka pana one is now three….

    And in English –
    Oh, I have no idea . . . !!!!

  13. Jzie 3 March 2010 at 4:07 am #

    Its japanese means Good Morning :)

  14. Darren 3 March 2010 at 9:22 am #

    once again your EU short got triggered on what looks to be a fakeout (false breakout). your trading style is not for me, because i see a lot of fakeouts at market open, and in this scenario your trades will just be stopped out.

  15. Darren 3 March 2010 at 9:22 am #

    once again your EU short got triggered on what looks to be a fakeout (false breakout). your trading style is not for me, because i see a lot of fakeouts at market open, and in this scenario your trades will just be stopped out.

  16. lee 3 March 2010 at 9:42 am #

    u r playing breakout on europe opens, is a strategy thats been known for a long time, works well on certain period, but not all the time, with your low R/R , i dont see you can go far from here. anyway, good trading

    • mike 3 March 2010 at 3:48 pm #

      Opps! haha, this stratgey issue seems to getting mysterious, may be i can have a snap as well. I think its New youk open close strategy

    • FirePips 3 March 2010 at 9:59 am #

      It may that way but that not the way I trade :)

  17. Indy 3 March 2010 at 11:12 am #

    It seems that many of us are confused and left in the dark about your trades. I know you've said that you won't release your strategy and I respect that decision. However, since your method is largely discretionary, there ought to be no real risk of revealing the entire strategy as no two people can read a chart the same exact way.

    I see no harm in releasing a short article broadly highlighting some of the tenets and central ideas you trade with, just to clear up some confusion and provide a little direction for us following your trades. I think it'll help all of us better understand your thought process and allow us to simultaneously learn on our own or at least think about the kind of things a successful, professional trader thinks about when looking at a chart.

    Just my humble thoughts.

  18. Kingkong 3 March 2010 at 12:09 pm #

    Just at a fundamental level I'd be wary of entering into any EUR/USD trades, you've got Europe releasing details of a draft bill and in the US the ADP report and NFP on Friday. Both will be highly volatile, depends on your risk profile.

  19. Adrian 3 March 2010 at 1:46 pm #

    I would suggest caution over the next couple of days (there are some imortant news coming up tomorrow as well) and watch out for the signs of direction during and after the NFP release on Friday

  20. richard 3 March 2010 at 4:22 pm #

    id just like to give people the heads up i will be posting some signals of my trading on the comments section of this blog ( i do have firepips permission :) ) the reason i am doing this is because i want to help other traders and also i would like to know what you traders on here think of my signals :) there are some rules to how i trade the signals i open two trades at the same time with the same stop losses but different take profits once i have reache my first target u will move stop loss to break even or plus 10 pips and only risk what you feel is right on each trade its not right for me to tell you how much you must risk per trade i will be posting the signals when i feel there is a good oppertunity many thanks

    richard monaghan

  21. fave 4 March 2010 at 3:01 am #

    japanese greeting, GOOD DAY

  22. ELIJAH 5 March 2010 at 11:06 am #

    i please want to have a copy of the EA software so i could download and try it out on my demo trade thanks to you for this as all i have Heard AND Read looks positive and encouraging and i am willing to give it a try, So please how do i go about getting the EA SOFTWARE and installing it on my Meta4 Fxdd Forex Platform thanks Please Reply thanks for all Elijah

    • liaueg 7 March 2010 at 8:31 am #

      Hi Elijah,
      Not really sure which EA you are talking about but you can find those in the download section (look at the top of the webpage, there is a link "Download" which will take you to the page)

  23. sierra 6 March 2010 at 2:50 pm #

    Japanese– Good Morning!


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