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TOTAL PIPS thus far THIS WEEK = +80 pips
TOTAL PIPS OVER LAST 5 WEEKS = + 543 pips
Get my preferred strategy : HERE
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Sunday night August 2nd 10:30 pm EST New York time.
Right now two currency pairs have set themselves up within my preferred strategy. They are both good high probability low risk trades. One is on the AUD/USD and the other is on the USD/CHF. I have chosen to go with the AUD/USD. I have gone SHORT on AUD/USD at .8361 with SL at .8411 and TP at .8280.
==> RESULT = -50 pips
August 3rd 10:00 a.m. EST time:
I have gone long on EUR/USD at 1.4320 following PMI release. SL at 1.4280 and TP at 1.4360. This is based on New York Morning Breakout Strategy (read more about this strategy under the Forex Strategies tab in this blog.)
==> RESULT = + 40 pips
August 3rd 5:41 pm New York EST time:
I plan to go SHORT on EUR/JPY at 137.18 with SL at 137.70 and TP at 136.50. Will monitor and update. Again this is based on my preferred loophole strategy.
==>RESULT = +40 pips (I closed it out early at 136.78)
August 4th 6:30 pm new york EST time:
I’ve just gone LONG on USD/CHF at 1.0605 SL at 1.0545 and TP at 1.0705. This one will likely take a few days to complete, but who knows it could happen tonight or tomorrow. Once again, I chose this trade based on my preferred loophole strategy. This strategy helps me to know exactly when a pair is ready to retrace a previous big move.
==> RESULT = see below
August 5th 1:20 pm New York EST time:
I am still in the above USD/CHF trade. I will likely either close early or move up the stop on the current up move. I don’t like to keep trades open after NY close if at all possible. Strange things can happen in the “slow hours” between New York closing and European opening!
August 6th 3:00 pm New York EST time.
Same story different day. I am still in the above USD/CHF trade based on my preferred strategy and it has finally started moving a great deal towards my chosen direction. This sure is a boring trade but you know what? It is kind of nice to not have to stress about the choppiness and volatility that Euro and Sterling give. It’s like have a week off from trading but I’m still gaining alot of pips!
Update 3:50 pm EST time:
I’ve decided to go ahead and take profit at 1.0656 for +50 pips. I’m leaving town tomorrow for the weekend, and by taking my pips now I know I will be happy!! I believe tomorrow is NF Payroll day but I will likely sit this one out as I have too much going on at home! I am ready to get back to the routine and for kids to be back in school!
===> RESULT = +50 pips
August 7th 2009 8:55 am EST time, 25 minutes after NFpayroll report:
WHOA! Fireworks this morning in the markets! I don’t have a trade on but I love to watch it! I won’t be trading today as I have family plans…..but good luck to any of you who are trading today!
- Ann Pevey - who has been successfully trading this preferred strategy on a live account for well over a year now.
February 22nd, 2010 at 1:27 pm
I’m a new trader, I would like to take advantage of the Eur/USD @ closing NY session, I have read your article “a Simple strategy for gaining 10 pips a Day. Is there any other advice that you have to offer on how to take this trade? I’m currently in the middle of the Bering Sea of Alaska fishing for pollock, time differance is 4 hours to NY. So you suggest @ 10am AK time to make a decision on placing a trade @ this time, reversal? Any information you have to offer a newbie would be appreciated. Thank you.
Charles
March 1st, 2010 at 12:58 am
Hi Charles…the best tip I can give you is to watch this pair at this time of day for a week or two and paper trade it or demo trade it before you actually start trading it. Use a candlestick chart to identify patterns indicating a set up for the reversal (for example: doji, hammer).