RPM's QuickFlip Forex

[RPM]

I have been developing a quick flip FOREX system that utilizes my skills as a daytrader, and will be continuing to throughout the Holiday Season.

My goal is to produce a 50 PIP gain each day.

I will take profits, on short term plays, when PIP Profit = Size of Spread.

On Longer plays (based on 15 or 30 min Indicators) I will wait for a sell confirmed signal from my system.

I will be using www.tradestation.com to test, backtest, and retest my system continously.

Any input from chartists or experienced FOREX Traders would be extremely appreciated.

ALWAYS SEARCHING FOR THE HOLY GRAIL!!!

[RPM]

Based Upon my Daytrading Methods that have gotten me continously flaged for daytraing, I am working on constructing a FOREX FLIPPING METHOD.


It is intended to Produce 3-7 PIP Profit.

As I develop it, and Perfect it, I encourage others to weigh in.

I will give entries, and exits. I will also include PIP Profit/Loss.

Others are encouraged to Follow in a DEMO ACCOUNT FIRST

Current Results:

EUR/USD SHORT: Profit = 5 PIPS
USD/CAD LONG: Profit = 5 PIPS

USD/JPY LONG: Profit = 6 PIPS
GDP/USD SHORT: Profit = 5 PIPS

USD/CHF LONG: Profit = 5 PIPS
AUD/USD SHORT: Profit = 4 PIPS

USD/JPY LONG: Profit = 4 PIPS
USD/CHF LONG: Loss = 7 PIPS

USD/CHF LONG: Profit = 15 PIPS
USD/CAD SHORT: Profit = 42 PIPS

EUR/CHF SHORT: Profit = 29 PIPS
USD/CAD SHORT: Loss = 5 PIPS

TOTAL PROFIT in 2 DAYS = 108 PIPS

FYI: Please do not get the wrong idea. I did not just put together this system out of thin air.

Believe me, my laser printer has been firing off 1,5,15 and 30 min charts everyday for the past 3 weeks. Trying to find the Holy Grail

[RPM]

FYI: The USD/CAD is still showing up as a short, but i closed the position b4 the market closed

[wolf825]

Heya RPM, VERY nice job on your system!!

I never considered really doing flips for a few pips here and there--I had always been tryin to catch the major runs and having some luck...but the individual few pips here and there add up nicely. Usually when I have the time to sit and watch it, I have screens full of charts and so forth.. Love this stuff..wish I had more time to play it in depth... AUD/USD and JPY are my favorites... What times do you like to play this most?? I find the time between 11pm EST and 4am EST and again at 9am-12noon EST the best times for movement and big action....

-w

[RPM]

USD/CAD

LONG

1.1696


c'mon RALLY USD

[RPM]

RALLYING !!!!!

[RPM]

Originally Posted by rpm

USD/CAD

LONG

1.1696


c'mon RALLY USD

I really don't want it to hit my 20 PIP stop loss...without showing anylife...

do i really want to start the trading week with a loss

[wolf825]

May wanna have a look at USD/JPY long...retail numbers for JPY it looks like its gonna press upwards the 120. mark today...I'm lookin for an entry in the 119.65-68 range. JMO...

-w

[RPM]

Originally Posted by wolf825

May wanna have a look at USD/JPY long...retail numbers for JPY it looks like its gonna press upwards the 120. mark today...I'm lookin for an entry in the 119.65-68 range. JMO...

-w

I agree with ya wolf..........the problem is that my system will not trigger on a stock in such a strong uptrend..............


[a kink i need to work out...by simply modifying my break point]

i wouldnt mind getting in touch through email or PM sometime

talk about trading

[wolf825]

Would love to chat Forex with ya RPM, I'm interested in your short term flips a lot...it seems less nerve racking then then longer plays I have tried that go for an hour or 4.

Ever try the Buy/Sell and Sleep method--where ya buy or sell before bedtime, and wake up every hour hoping you still have an account balance...nerve racking to say the least.

-w