Trading result

got stopped out on GU, but GJ and EJ had give me a nice profit +131 today

Trades update

Took 3 trades on Monday, GU/GJ/EJ, had a nice profit of 434 pips.

Trades update

August 3 trades update

as mentioned before, if GJ break 157 area, we see 160, 2 trades took on last Friday, GJ and EJ, profit +418pips

Weekly update

only 1 trade took on Thursday, +18pips, total profit this week +176pips

Trades update

got stop out on GU, total profit +15 pips today

GBPUSD

We need to break below 1.6340 area then 1.6, otherwise we still in ranging mode..

Trading result

another 3 trades I took, au, gj and eu, total +77 profit

GBPJPY

GJ is ranging between 157 - 152 area, if we break 157 we see 160, if we break 152 then we back to 146

Trades update

Only took 3 trades today, lots of stuff need to caught up on Monday, 2 on EJ and 1 GJ, +66pips

Money Management

Only risk 2-3% of your capital. What that means is when you calculate your stop losses your stop loss amount has to be within 2% of your account .If the trade goes against you, the maximum you will lose is 2% of your account. This way it also prevents you from getting panic attacks when the trade retraces against you resulting you close the trade pre maturely. If your desired stop losses do not come within 2% of your account don’t take that trade. You may miss one trade but there are millions more to come.

Remember there is no easy way to become a good consistently profitable trader. No one can become a profitable trader overnight. As everything else in life it takes time, patience, lots of sacrifices and learning. Don’t be afraid of mistakes.

Signal Service

I've been trading forex since about 2005. After a few years of constant learning, I've slowly developed into a profitable forex trader, and now earn a fairly consistent income from trading. I'm a fairly short-term trader with trades generally lasting between a few minutes to a few days at most.

Of course, you may ask why I need to run a signal service when I can make money myself. Due to my leverage restrictions, I cannot take all the trades myself which means that several trades go waste, if given to others, would have proved useful. Who does not like more money, especially doing something which you love.

I aim to give out 500-1000 pips worth of signals every month. Any further questions please email me at pipsbanker@gmail.com