Pip and Run Q&A and Results

**spsenator** · 01-09-2011, 01:16 PM

Originally Posted by Gregory McLeod

Euro Shorts Profit- Taking in Progress- Lunch time Liquidation? Is this an opportunity to short at a higher price or a place to catch the proverbial "falling knife"?

the more i look at some of your post, the more i think you have access to some key information or fxcm's order books lol...for example:

you pretty much nailed the break of a major support line on the 4hr chart eur/usd, taking it to 1.3000...but looking at the chart, you can see that the EUR had bounce off that support line prior..whether it was sellers taking profit or real buying. the longer term direction was up, before that line got broken...how did you know it would?

**Gregory McLeod** · 06-29-2012, 08:48 AM

Hello Pip and Run Traders! This Thread has been created for traders who have questions, comments or want to share their own Pip and Run Trades!

With all the overnight risk of holding trades, my motto in the Pip and Run Trading Room is:
"Why Buy and Hold When You Can Pip and Run?"

**Gregory McLeod** · 06-29-2012, 08:51 AM

Tight Ranges Thursday Made Scalping Difficult yet profitable

**Gregory McLeod** · 06-29-2012, 02:38 PM

Hello Traders!

Chinese PMI Saturday June 30th, Full Moon on Tuesday, July 3rd, July 4th Holiday with many taking extended holiday Monday and Tuesday, Non-Farm Payroll on Friday all could create huge moves next week.

I have observed major reversals in the direction of currency pairs during a full moon within a day or two. So be open and flexible about the Euro. In addition, lower holiday volume can make for very quick moves, so dialing down the leverage is one way to trade these moves.

Be careful and I will see you on Thursday!

**Uber FX nUblet7** · 07-02-2012, 06:01 AM

Hey Greg. Where are you? Will there be a session today?

**sixtoes** · 07-02-2012, 08:13 AM

must be taking a couple of days off
to put a couple of shrimp on the barbie for the 4th

**Gregory McLeod** · 07-05-2012, 05:21 AM

Originally Posted by Uber FX nUblet7

Hey Greg. Where are you? Will there be a session today?

Originally Posted by sixtoes

must be taking a couple of days off
to put a couple of shrimp on the barbie for the 4th

Hello fellow Pip and Runners! I hope you have had a great 4th of July filled with fireworks, family and barbecue!

I will be in the Pip and Run Live Trading room at 5:30 AM ET!

**Gregory McLeod** · 07-05-2012, 07:02 AM

Pip and Running 4 wins out of 4 trades for +14.8 Pips

This is a nice way to come back from an Independence Day holiday. Yen pairs were looking a bit oversold as they were trading near S1 Pivot support. Cable continued to look weak and was breaking below pivot support near 1.5562, so I went with the flow and sold it short

**Gregory McLeod** · 07-06-2012, 08:36 AM

Pip and Run Trading 3 wins out of 4 Trades for +8.5 Pips in very tight trading ranges

**Gregory McLeod** · 07-09-2012, 06:45 AM

Aussie Dollar 4 Wins out of 4 Trades for +28.1 Pips- I missed the Aussie's initial move higher from session lows but I was able to fade it for a little over 8 pips before flipping and getting long for 20 pips. The dead cat bounce could have legs to move toward 1.0260, however, I am flat currently.

**root-minus** · 07-09-2012, 07:00 AM

Originally Posted by Gregory McLeod

Aussie Dollar 4 Wins out of 4 Trades for +28.1 Pips- I missed the Aussie's initial move higher from session lows but I was able to fade it for a little over 8 pips before flipping and getting long for 20 pips. The dead cat bounce could have legs to move toward 1.0260, however, I am flat currently.

100% wins

just brilliant

**payer** · 07-09-2012, 11:59 PM

Gregory, Awesome!

**Gregory McLeod** · 07-10-2012, 08:32 AM

Pipping and Running for +46.7 Pips 5 Trades, 5 Winners- My goal when scalping is to be in and out of a trade in 10 minutes or less. Sometimes, I hit my goal and some instances I don't and a trade goes a little bit longer than I anticipated. Deciding whether to invoke a time stop to end a trade that could evolve into a loser or being patient and allowing the trade to unfold depends on a couple of things. First, the proximity of price in relation to significant support or resistance such as a pivot point or Fibonacci level. MACD or Stochastics divergence also plays a role especially if a trend line has been broken. You can see that in the Euro trade short I had a trend line break and a series of small-bodied dojis. On a 15-minute chart, these string of candles amounted to a wait of over an hour. The Euro was trading off of a rebound down from the R1 Daily pivot at 1.2338 so placing my stop just above that R1 green line pretty obvious. I pulled out 26.8 pips on that Euro trade. The GBP/JPY trade was a trade idea Uber FX nUblet7. It was a nice leg B pull back that took its time as well.

Join me for Pip and Run Monday through Friday 5:30AM -6:30 AM

I will be Pipping and Running Live in Las Vegas at the FXCM EXPO November 2,3,4. Come on out and will be a lot of fun! Last Pip and Run Live event was standing room only so please register ahead of time.

Cheers!
Watch Replay of the Pip and Run live Trading Room Here:
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**Gregory McLeod** · 07-10-2012, 08:37 AM

Originally Posted by payer

Gregory, Awesome!

Thank you Payer!. Welcome to the DailyFX forums!

**Gregory McLeod** · 07-10-2012, 09:58 AM

Follow Me on the Trade 2 Win Trading Contest- Hello Pip and Run Nation!

I have entered the Trade2Win trading contest.

I missed about 8 days of trading because I just found out about the contest. However, I am pleased to say that I am number 12 in the top 15 after 1 day of trading.

Check out my standings. Do you think I have a chance at winning? Let me know!

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