July 31, 2006

Recap- After another loss today, I have decided that the system still needs some work. For now, I am going to withold putting out signals until I find something that can fix the problem I having right now. From now on my posts will be dealing towards my modified system. I might have to switch from a "set and forget" system to a live call system. Be sure to check back often for updates. Cheers! ~Big Pippin

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8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8687
Stop Loss: 1.8652
Target: 1.8718
*Move stop to breakeven when price hits 1.8700
**Beta- Close 1 lot when price hits 1.8700 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8622
Stop Loss: 1. 8657
Target: 1.8591
*Move stop to breakeven when price hits 1.8609
**Beta- Close 1 lot when price hits 1.8609 and move last lot's stop to breakeven

July 28, 2006

Recap: +0 pips
Beta: +0 pips

After the news, the price never closed back within our range. No trades.


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*Today is a news day. Wait until at least 8:40 before placing your orders in. If the price is outside our range wait until the price closes back within our range (using a 10 minute chart) before placing your orders.


8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 8631
Stop Loss: 1.8584
Target: 1.8690
*Move stop to breakeven when price hits 1.8655
**Beta- Close 1 lot when price hits 1.8655 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8543
Stop Loss: 1.8589
Target: 1.8489
*Move stop to breakeven when price hits 1.8519
**Beta- Close 1 lot when price hits 1.8519 and move last lot's stop to breakeven

July 27, 2006

3:30 pm EST: -40 pips
Beta: -80 pips

10:00 am- News candle.
10:10- Price closes within our range. Placed entry orders.
Long trade triggered at 10:20 am EST.
Long trade stopped out at 1:00 pm EST.












*Today is a news day. Wait until at least 10:10 am EST before placing your orders in. If the price is outside our range then wait for the price to close back within our range (using a 10 minute chart) before placing your orders.

8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8651
Stop Loss: 1.8611
Target: 1.8692
*Move stop to breakeven when price hits 1.8669
**Beta- Close 1 lot when price hits 1.8669 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8576
Stop Loss: 1.86116
Target: 1.8535
*Move stop to breakeven when price hits 1.8558
**Beta- Close 1 lot when price hits 1.8559 and move last lot's stop to breakeven

July 26, 2006

5:03 pm EST- Recap

Mental note: Next time I sense a good breakout...always have a trade!! If you watched the Cable today you know what I'm talking about. I was able to snag a good portion of it but it technically doesn't count because I couldn't provide a specific entry. Someone slap me next time I say there is no trade because I can't find an entry


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Based on the recent price action of the Cable, I cannot find any suitable trades. The Cable has been extremely quiet and it's hard for me to find good entry levels. However, expect some sort of breakout today during the US session. I just can't find an exact entry. Happy trading!

-BP

July 25, 2006

3:10 pm EST: +5 pips (-32 +37)
Beta: -11 pips (-64 +53)

Long trade triggered at 9:50 am EST.
Long trade stopped out at 10:00 am EST. (-32; Beta: -64)
Short trade triggered at 10:10 am EST.
Midpoint hit at 11:10 am EST. Moved s/l to b/e.
*Beta- Closed 1 lot at midpoint and moved last lot's s/l to b/e. (+16)
Target hit at 11:10 am EST. (+37)












8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8529
Stop Loss: 1.8497
Target: 1.8566
*Move stop to breakeven when price hits 1.8545
**Beta- Close 1 lot when price hits 1.8545 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8471
Stop Loss: 1.8502
Target: 1.8434
*Move stop to breakeven when price hits 1.8455
**Beta- Close 1 lot when price hits 1.8455 and move last lot's stop to breakeven

Signal results for 7.17.06 - 7.20.06

Monday: -14
Tuesday: -62
Wednesday: No trade
Thursday: No trade
Friday: Didn't trade (traveling)

Total: -76 pips

Total for July: +3 pips

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Beta:

Monday: -28
Tuesday: -124
Wednesday: No trade
Thursday: No trade
Friday: Didn't trade (traveling)

Total: -152 pips

Total for July: -3 pips

July 24, 2006

3:45 pm EST: -40 pips
Beta: -80 pips

Long trade triggered at 8:20 am EST.
Stopped out on trade at 10:10 am EST.












Sorry for the missed post on Friday. I was on the road traveling back from Florida. Trades will resume as normal starting today.

8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8554
Stop Loss: 1.8514
Target: 1.8595
*Move stop to breakeven when price hits 1.8572
**Beta- Close 1 lot when price hits 1.8572 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8479
Stop Loss: 1.8519
Target: 1.8438
*Move stop to breakeven when price hits 1.8461
**Beta- Close 1 lot when price hits 1.8461 and move last lot's stop to breakeven

July 20, 2006

9:20 pm EST: +0 pips
Beta: +0 pips

No trades were triggered by 12:00 pm EST. Removed all orders.