Mr.Pip

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Joined NY, NY MsterPips
The man behind the scope.
Markets Allocation
75 % forex 4 % indices 21 % other
Top Mentioned Symbols
EURUSD 32% | 17 XAUUSD 7% | 4 USDCAD 7% | 4 USOIL 5% | 3
Mr.Pip Mr.Pip GBPJPY, D, Short ,
GBPJPY: GBPJPY Potential SHORT (Daily) #37
211 0 7
GBPJPY, D Short
GBPJPY Potential SHORT (Daily) #37

This is a wonderful chance to catch some nice profit! Looking at a conservative 1:3 Risk:Reward ratio; I am willing to move my TP to a 1:4-6. Entered at the .50 retracement of the daily rejection candle of the past highs (highlighted in circle). Remember guys, this game is all about probability and simplicity! Enjoy!

Mr.Pip Mr.Pip XAUUSD, D, Short ,
XAUUSD: XAUUSD Potential SHORT #36
178 0 6
XAUUSD, D Short
XAUUSD Potential SHORT #36

This chart is a great example as to why you must remain objective as possible when trading. Trade what you see and not what you think. The current trend is heading downwards, however it doesn't mean we can not catch a reversal highlighted on my chart. Price looks like it's heading towards weekly supply to get more steam; either way profits can be made!

Mr.Pip Mr.Pip XAUUSD, 240, Long ,
XAUUSD: XAAUSD Potential LONG #35
191 1 8
XAUUSD, 240 Long
XAAUSD Potential LONG #35

I am creating a blog with some free valuable content and decided to post this as I was going through what I look for in a trade. Blog: https://fxcontrarian.wordpress.com/ (Name will change soon)

Mr.Pip Mr.Pip EURUSD, D, Long ,
EURUSD: EURUSD LONG (Daily) #35
224 2 15
EURUSD, D Long
EURUSD LONG (Daily) #35

Getting in at the .50 fib retracement. Bulls seem to be defending this support so I will be joining the party. -Potential Head and Shoulders -Clear defined Pinbar rejected from support -7 week bull run -Potential triple bottom on the monthly time frame -Bottom of the range 1:17 RR... 1:5 RR MINIMUM (targeting lower high)

Mr.Pip Mr.Pip XAUUSD, D, Long ,
XAUUSD: XAUUSD LONG (Daily) #34
148 0 8
XAUUSD, D Long
XAUUSD LONG (Daily) #34

With a weekly bias in favor of the bulls. I do not mind taking this trade at all. -Monthly Bias (Bullish) -Weekly Bias (Bullish) -Bullish Hammer/Pinbar off of broken resistance now made support -Closed above Mean Looking at a 1:5 RR which isn't bad. If the market decides to push further I do not mind looking at a 1:11 RR.

Mr.Pip Mr.Pip AUDJPY, D, Short ,
AUDJPY: AUDJPY SHORT (Daily) #33
151 0 6
AUDJPY, D Short
AUDJPY SHORT (Daily) #33

Short triggered at .50% fib. Looking at a 1:7 RR MINIMUM. Overall target is a 1:13 RR which is completely reasonable considering this trend looks exhausted. -Trend Exhaustion -Mean Reversion -Daily Rejection -4hr/1hr Symmetrical Triangle -Bearish Territory (Zoom Out)

Mr.Pip Mr.Pip XAUUSD, W, Long ,
XAUUSD: XAUUSD LONG (Weekly) #32
136 0 5
XAUUSD, W Long
XAUUSD LONG (Weekly) #32

Gold, what a lovely commodity and money making machine. Potential long?

Mr.Pip Mr.Pip USDCAD, 240, Short ,
USDCAD: USDCAD SHORT (1hr) #31
234 0 5
USDCAD, 240 Short
USDCAD SHORT (1hr) #31

Back at it again with the analysis. Sold at the break of the 1hr bearish inside candle. Looking for a 1:4 to 1:8 RR.

Mr.Pip Mr.Pip USDOLLAR, D,
USDOLLAR: USDOLLAR Back 2 Liquidity?
60 0 2
USDOLLAR, D
USDOLLAR Back 2 Liquidity?

HL, LL, looking forward to be a buyer somewhat next week.

Mr.Pip Mr.Pip NZDUSD, W, Short ,
NZDUSD: NZDUSD SHORT (Weekly) #30
114 0 4
NZDUSD, W Short
NZDUSD SHORT (Weekly) #30

-Huge weekly rejection -Intermediate weekly resistance -.50 fib confluent with weekly resistance

Mr.Pip Mr.Pip NZDCAD, W, Short ,
NZDCAD: NZDCAD SHORT (Weekly) #29
192 0 5
NZDCAD, W Short
NZDCAD SHORT (Weekly) #29

Starting from now on I am going to start getting into detail as to why I am taking these trades. 1. Weekly Rejection 2. Failed inverse head and shoulder 3. Mean Reversion 4. REJECTION On a serious note, if prices are being rejected with a confluence of many other factors, the odds are in the favor of sellers. Now, this isn't a guaranteed winning trade. Anything ...

Mr.Pip Mr.Pip AUDNZD, D, Long ,
AUDNZD: AUDNZD LONG (Daily) #28
91 0 6
AUDNZD, D Long
AUDNZD LONG (Daily) #28

Great rejection candle off of weekly S/R. Entering at .50 fib; looking forward to a 1:3 RR.

Mr.Pip Mr.Pip USOIL, W, Short ,
USOIL: USOIL POTENTIAL SHORT (Weekly) *UPDATE* #27
123 1 1
USOIL, W Short
USOIL POTENTIAL SHORT (Weekly) *UPDATE* #27

Measured move... nothing fancy confluent with a fib. Looks really interesting. Drop Base Drop

Mr.Pip Mr.Pip EURUSD, D, Short ,
EURUSD: EURUSD SHORT (Daily) #26
174 0 3
EURUSD, D Short
EURUSD SHORT (Daily) #26

Personally I will be short at the .50% retracement. I am looking at a 1:5RR which is great for 10 minutes of work.

Mr.Pip Mr.Pip USOIL, W, Short ,
USOIL: USOIL POTENTIAL SHORT (Weekly) #25
142 0 2
USOIL, W Short
USOIL POTENTIAL SHORT (Weekly) #25

RBD: Rally Base Drop This is for future reference only. I will not be taking this trade personally. However, be my guest.

Mr.Pip Mr.Pip SPX500, M,
SPX500: SP500 NEUTRAL (Monthly) #24
202 0 2
SPX500, M
SP500 NEUTRAL (Monthly) #24

I have been watching the stock market for a very long time and seeing it's movements is a sight to see. From hearing people getting whipsawed to people losing accounts due to their incompetence. Anyways.... the market can do 3 things. 1. Break highs sucker in bulls and drop like a rock. 2. Drop like a rock 3. Break highs, come back to resistance (beautiful ...

Mr.Pip Mr.Pip USDCAD, 240, Short ,
USDCAD: USDCAD SHORT (4hr) #23
218 1 9
USDCAD, 240 Short
USDCAD SHORT (4hr) #23

Nice big shadow with room to the left. Great R:R, see you on the other side!

Mr.Pip Mr.Pip EURUSD, D, Short ,
EURUSD: EURUSD SHORT (Daily) #22
127 0 1
EURUSD, D Short
EURUSD SHORT (Daily) #22

Sorry not sorry for the zones... I believe these zones holds a lot of value.... Entry at the .50 fib targets... ???? THE BOTTOM OF THE DEN

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