tag:blogger.com,1999:blog-90075352809962141532011-07-08T23:36:41.755+08:00A forex trader's dream & journey to financial freedom......The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.comBlogger341100tag:blogger.com,1999:blog-9007535280996214153.post-74410622041159948692010-07-13T16:38:00.005+08:002010-07-14T17:04:02.889+08:00

05:00 PM-----------Hi everyone, It's been a while since I've been here. In fact it's close to 1 year since my last post. Anyway, how 's everyone doing? I hope my fellow traders had a wonderful year with lots of profit.I'm rebooting this blog again with a fresh start. Next month (August 2010) I will resume live trading. This time around I'll be trading with an equity of US$2000.00 as my trading

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-43128610089972372592009-08-03T16:39:00.005+08:002009-08-03T17:52:22.564+08:00

05:30PM----------Is it just me (jinxed) or is it something else that whenever I found something good and tried to share that goodness through blogging, it slowly backfires and became a disaster. I experienced it once when I created my previous blog. When I first started back then with my first forex blog, my trades were good and prompt me to share my experiences even giving out signals. But I

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com2tag:blogger.com,1999:blog-9007535280996214153.post-76375123380267311172009-07-28T15:14:00.006+08:002009-07-28T15:52:20.554+08:00

03:15PM----------The past week up until yesterday have been a let down. Since last Thursday's post, I lost two more trades resulting in my account going down to just $0.16. Still, I have much confidence in my trading method because the equity would not have gone down that much if not for me risking a lot. The only reason I'm risking a lot is because I'm not trading with a lot of money to begin

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-43715705893415853642009-07-23T19:02:00.002+08:002009-07-23T19:08:12.821+08:00

07:03PM----------Today there's not much action. Just the usual open buy & sell orders that I placed. My buy order of 1.6528 was filled at 4:30PM. The market then went sideways for the next one and a half hours and eventually I closed the position at exactly 6PM with a loss of -8 pips. Hope to be here tomorrow.Today's performance ---------------------------Pips Lose = -8Yesterday's Balance =

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-23813448150809884252009-07-22T09:05:00.009+08:002009-07-22T20:14:18.437+08:00

09:20AM----------It's morning and I have nothing to do. Logged onto my trading account and saw an opportunity to sell GU and take profit for just 10 pips in this Tokyo session. So, I immediately set up a sell order at 1.6379. The order is not filled yet but I'm confident it will be a winner once it is filled. What can I say, I just can't help myself....hehe.01:05PM----------The sell order looks

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-18544101281341612172009-07-21T16:27:00.004+08:002009-07-21T16:53:29.761+08:00

04:30PM----------I have been doing a bit of strategy fine tuning. My trading method will still be the same but the Take Profit level from now on will only be 30 pips from entry for every trade as oppose to the 100 pips that I usually set. My logic is that 30 pips is always achievable at least 95% of the time during the London session and within the first few hours of trading but 100 pips is not

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-10332655324994411932009-07-20T21:02:00.003+08:002009-07-20T21:25:34.445+08:00

09:10PM----------Last week's performance was terrible. Overall pips loss was -172 against +64 pips won. The end balance was $0.26 which is down by -31.66% from the previous week's balance.I put the blame on the losses due to my day job. I realized that it is very difficult to trade and working a day job simultaneously. If was to trade, the computer with the trading platform logged into must be

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-28933581244092532922009-07-16T23:38:00.004+08:002009-07-16T23:53:27.232+08:00

11:40PM----------I really hate it when all of my efforts were destroyed because of a single click. I was rushing into placing pending orders this afternoon and mistakenly I clicked on market sell instead of limit sell. You see, clicking on market sell will immediately opened a sell position for the price quote at that moment. I quickly scan my charts and really thought that the market will go

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-82936784016565643472009-07-15T20:26:00.005+08:002009-07-15T21:41:21.229+08:00

Before I go on about today's trade, I want to wish a Happy 63rd Birthday to my beloved monarch; The Sultan of Brunei Darussalam. May peace and blessings from Allah be upon him and his subjects.08:30PM----------Four and a half hours after the London session opened, the market for GU finally went up. My pending Buy order @ 1.6413 was filled at 07:43PM.As of writing, the position is still open with

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-24312344979280092542009-07-14T17:47:00.007+08:002009-07-14T18:16:43.546+08:00

06:03PM----------Yesterday I was right not to follow my hunch and trade according to the strategy. As soon as I closed the short position, the market went straight up and did not stop even until today which eventually filled my buy order @1.6301.Anyhow, I have already closed the long position a few minutes ago with just 11 pips that only makes 1 cent of profit. The market is still choppy and

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-90682048394257533052009-07-13T15:58:00.006+08:002009-07-13T18:18:20.412+08:00

04:00PM----------Early this morning on the Tokyo session, GU went down to nearly -150 pips since opening. Now, in this London session I doubt if it will fall much further today but if it does then I will profit from it as my sell order got filled just 20 minutes ago @ 1.6063. All my indicators (EMA's, MACD's & SAR's) in 1hr, 3hr and daily charts are saying that it will go down, so fingers crossed

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-32428317684800587332009-07-10T16:48:00.006+08:002009-07-11T08:45:35.158+08:00

04:50PM----------At the moment GU is looking like it's going to a sideways mode but don't take my word for it, we never know what might happen later. I've been waiting since the London session opened and now have set up two pending orders.My bet is that GU will fall soon so I set a sell order at 1.6251 and take profit at -50 pips from entry. An hour after setting that order I saw that the pair

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-28954526075278765842009-07-09T23:37:00.004+08:002009-07-09T23:53:35.156+08:00

11:45PM----------It's 15 minutes to midnight. I just woke up from a 2 hour nap which is a bit energizing after an exhausting day at work. This afternoon I managed to place a trade that made some profit to cover the loss that I endure last night.At 3 PM I went long @ 1.6133 and three hours later I closed the trade @ 1.6200 for a +67 pips of profit. I could have made more than 67 pips if the

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-74142623128106435372009-07-08T22:16:00.005+08:002009-07-09T00:00:28.291+08:00

10:20PM----------I'm exhausted after working nonstop since 7 in the morning and only returned home by 8PM. Luckily I found a few minutes to log into my Oanda account and set up a trade.At 3PM I went long on Cable at 1.6119. The trade is still open after 7 hours but I have moved the initial take profit order from +100 pips to +30 pips. As of writing, the position is in a +10pips of unrealized

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-17580890925705943202009-07-07T15:56:00.009+08:002009-07-08T00:14:58.438+08:00

03:56PM----------About 45 minutes ago my Sell order got filled at 1.6182. The position is now into a floating negative of -15 pips but the trade still have another two hours before I close it. Initial TP as usual is -100 pips from entry at 1.6082. The market is looking on going down after a correction during the New York session last night. I will update later tonight and hope it will be a good

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-79847223664622760672009-07-06T15:57:00.007+08:002009-07-07T17:45:31.508+08:00

04:00PMHi. As expected, the market for GU went down from last week's closing to more than 100pips. About one hour ago, I went short on Cable at 1.6162. I set my intial TP to -100pips hoping that it will go that far this time. As of writing, the position is at an unrealized profit of 33 pips.I will close the position at 6PM regardless of winning or losing if it haven't hit either TP or SL yet.07:

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-44896064229051801642009-07-04T09:28:00.005+08:002009-07-07T17:46:27.732+08:00

09:40AMAt exactly the stroke of midnight, the short position opened yesterday was finally closed. I expected the market to go down a lot but that never happened. Instead it was ranging sideways until the market closed for the weekend.Anyway, I still made a small 19 pips of profit. The account was only added 1 cent to make it $0.32. To summarize this week performance, Total pips won was +98 pips

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-49592162124503602742009-07-03T16:04:00.005+08:002009-07-07T17:47:02.396+08:00

04:05PMThis morning no trade set up was found for the Tokyo session. Next week I will scrap the trade strategy for the Tokyo session and just concentrate on the London session. So, come next week I will only post here of my trades after 3PM daily if I get the chance.Today, I've just opened a Sell position at price 1.6346. Every single time-frame indicates the market is going down at the moment.

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-62218664462036240522009-07-02T15:10:00.005+08:002009-07-07T17:47:48.161+08:00

03:10PM----------Good afternoon. This morning I did not find a good set up for the Tokyo session, so no trades were done. For the London session now, I just shorted Cable at 1.6400. Initial TP will be -100pips from entry. Hope today will be a good day.06:20PM----------I've closed the short position at exactly 6pm with a profit of +20Pips. The price could possibly go down a lot more later tonight

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-70862595625968032022009-07-01T08:54:00.006+08:002009-07-01T18:27:19.125+08:00

08:55AMHi. It's a wet morning today and the weather is cool. Haven't been like this in Brunei for months, so it is really a nice change. I'm trading the Tokyo session now. The market had been pretty choppy last month with the daily charts ranging sideways with no new clear trend at the moment. Well, wherever the market goes, I'll try to profit from it.I've just placed a Sell limit order at 1.6402

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-61821275578525869802009-06-30T09:05:00.005+08:002009-06-30T23:35:45.868+08:00

11:30AMGood morning everyone. It is indeed a very good morning again today. The weather is very nice it makes me wanna crawl in bed again. This morning I traded the Tokyo session and made 2 cents from +20 pips of profit. That's enough for this session. I will try to trade the London session later if I can because I'm going out to watch Transformers (Revenge of the fallen) with my wife & son.This

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-58426589967284450742009-06-29T10:19:00.008+08:002009-06-29T18:26:51.921+08:00

10:30AMGood morning guys. Its such a lovely morning here in Brunei. The weather is just nice and not too hot like most previous mornings. I'm hanging out at my usual haunt in town and doing some trading.About 30 minutes ago I shorted Cable at 1.6456 with a target of 20 pips. The position as of now is still opened with a floating -8 pips. Lets see if this trade is going to make this week a good

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-815933871631874422009-06-26T15:17:00.005+08:002009-06-26T19:47:41.545+08:00

03:18PM8 Minutes ago I opened a Long position at 1.6449. I've placed the take profit order at 100 pips which is 1.6549. Stop loss is set at 1.6369 which is 80 pips from entry. A pending sell order is also set at SL level just in case price reverse. I will close the trade at 6:00PM if TP is not yet reached and no matter where the price is at that time. Let's see if today's trade is a winner.04:

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-39446460078759425462009-06-25T10:06:00.005+08:002009-06-25T18:20:10.768+08:00

10:10AMI apologize for not updating the blog this past week. A lot has happened with some wins then some loss and in the end I'm back to square one with $0.23 to my account balance.Well, at least I'm still in the game though as a really small player. But nevertheless I will try to grow the account until I can't anymore. I am still confident though that I can turn things around and be profitable.

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-51635966276644810452009-06-18T15:15:00.004+08:002009-06-18T18:05:12.412+08:00

03:16PMAbout 4 to 5 hours after the horrible losing trades yesterday I opened two more short positions. The first was a winner with 50 pips of profit that saw the account balance rise to $0.82 cents from $0.71. But the second was a loser with -30 pips that saw the account balance went down to $0.74.I will not go into details. I just want to let the past be the past.Anyway, today a Long position

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-7081480343807159382009-06-17T13:20:00.003+08:002009-06-17T13:35:53.266+08:00

01:30PMI'm very much upset and angry with myself today. I had 4 impulse trades that did not follow the strategy with 2 of them losses and 2 break evens. I thought I could corner in some pips to increase my account balance, instead I lost 67 pips and it cost me 17 cents which lowered my account to $0.71. This weeks plan is a bit ruined because I'm now coming in short of the weekly target.Well, I

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-46792489547440193522009-06-16T06:06:00.005+08:002009-06-16T17:39:55.868+08:00

06:30AMThe trade from last week (12June) was finally closed yesterday with a -30 pips loss. The loss was not because of the strategy but because I just want to cut my losses so I moved the stop loss to a reasonable amount. Well, its better 30pips than 90 pips loss.Anyway even though I lost the 30 pips, I gain it back later in the night with a 30 pip profitable trade.Below is the screenshot from

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-43224391848765685082009-06-13T10:45:00.004+08:002009-06-13T11:52:19.568+08:00

11:30AMIt's Saturday and I hope everyone will be enjoying their weekend.Today my post will be about two things most traders are guilty of; namely Fear and Greed.First I want to recap about the trade made previously before yesterday (Thursday). My instincts went off the roof. I should have just let the trade be with a TP of 100 pips and it would have hit nicely. But fear of losing those quality

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-73954459683909529362009-06-11T17:00:00.011+08:002009-06-12T00:31:47.842+08:00

05:00PMA long position just opened @ 1.6478. TP is set at 100 pips. If the price went up to 30 pips or more I will set the SL (stop loss) to break even and let it ride to TP. If TP is not reached by tomorrow then I will close the trade to whatever the price is at the time.Oh...by the way, today is my 7 year old son's birthday. I wish him to grow up and be like his dad. hehe.11:59PMAnother minute

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-4786053726109332712009-06-10T08:36:00.008+08:002009-06-10T21:11:33.078+08:00

08:45AMYesterday, I didn't get the chance to post my trades here. Anyway, yesterday's trade was a bit bizzare. My initial entry was missed and I had to enter where the price had already gone up by 30 pips. Though the strategy was compromised fortunately it went my way and I gained another +50 pips. I also gained 8 cents from the trade as shown in the screenshot below.The first few hours were

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-58614492445823954002009-06-08T12:59:00.008+08:002009-06-08T16:06:39.340+08:00

01:00PM.The market looks like its heading for a bearish trend at the moment. So, I have made a pending order to sell GBP/USD at 1.5922. The order is not touched yet. But if it does, my take profit will be at 1.5902.In case the market went North before touching my short order, I have also made a pending order to buy at 1.5985.Update - 02:50PMI just got back from buying groceries at the local

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-15630770224843169062009-06-05T14:35:00.005+08:002009-06-08T12:56:30.776+08:00

About an hour ago I went short at 1.6089. 20 minutes after the short order opened it reached my target at 1.6069 for a +20 pips profit. Thats a good start for the 1st trade of the day. I will be placing another trade shortly.For those who don't know, I only trade Cable which is the GBP/USD pair. An update on the second trade will be posted in due time.Update 05:44AM ( 06 June ) :-I was about to

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-53314189195498300622009-06-05T06:33:00.006+08:002009-06-05T14:47:21.392+08:00

Yesterday was a great day. I won another 50 pips making my total pips harvested for this week so far to 200 pips. My account balance also went up to $0.38. I have attached a screenshot of my Oanda's trading platform which shows yesterday's trade.The arrow downwards indicate a short order opened. The green dot indicates a take profit (TP) or target reached.

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0tag:blogger.com,1999:blog-9007535280996214153.post-85532907701629051562009-06-04T13:44:00.003+08:002009-06-05T14:45:07.239+08:00

Hi,Among my circle of friends I'm known as Juf. To those who knew me or my previous blog, it's great to be back. Hope I'll be staying longer than before.However this time around I will not be giving out any signals or trading systems. This blog will be about the trades that I made starting 01st of June 2009. This will be my journals; how many pips & how much I can make in a period of 6 months to

The Pip Masterhttp://www.blogger.com/profile/03378150886774935597noreply@blogger.com0