Comments on: Forex Signals 8th Mar

By: Sam

Sam — Tue, 09 Mar 2010 08:07:03 +0000

I see my previous comment didn't get posted. I wonder why )

By: FirePips

FirePips — Mon, 08 Mar 2010 18:13:21 +0000

We do take trades where RR doesn't seem ideal, however we move Stop Loss as the trade goes along which changes the overall RR.

Not taking a trade because of undesirable RR in the beginning would stop us from many profitable trades.

By: FirePips

FirePips — Mon, 08 Mar 2010 18:10:35 +0000

Good to hear mate….keep in demo until you feel confident to start to live.

By: MMfx

MMfx — Mon, 08 Mar 2010 17:59:13 +0000

Hi firepips,
I am new to this forea trading and am currently using your signals on virtual money… and trying to get a feel of the market.

By: Indy

Indy — Mon, 08 Mar 2010 14:20:03 +0000

My count stands at -503 pips for last week, did you get the same figure?

By: Ell

Ell — Mon, 08 Mar 2010 13:18:35 +0000

looking at the signals

Ex:” Order ID: 3 | Order Cancels Order | $EURJPY Sell 123.15 or Buy 123.95 |
Stop Loss: 80 Pips | Take Profit: 50-100-150 Pips”

- I noticed that the max loss could be 240 pips and the max profit could be 300 pips.

Question: Is it a general rule to only get into positions were we can win more then we risk to lose?

By: Alvin

Alvin — Mon, 08 Mar 2010 11:45:44 +0000

Hello firepips… BTW, can you post/tell me how many pips we make last week?? I count all of the trades for last week are negative…Please post that as usual. Thx

By: FirePips

FirePips — Mon, 08 Mar 2010 11:42:15 +0000

I hope so too Rudy

By: FirePips

FirePips — Mon, 08 Mar 2010 11:41:20 +0000

Signals are based on 4 hour candle. Try reading http://forex.firepips.com/forex-signals/

By: FirePips

FirePips — Mon, 08 Mar 2010 11:39:20 +0000

One way to find out is to look at US Dollar Index. It gives a very good idea of how market is doing overall