First trade from CityPips

Posted on 10. Mar, 2009 by Jakob in Forex Signals

Alright guys. A few hours ago I wrote about the free trial from CityPips. Shortly after, I got an email from then with the first trade.

BUY USD/CHF @ market 1.1538
SL @ 1.1515
T1 @ 1.1568
T2 @ 1.1700

Since they recommend you to close half of the position when the first target is hit, I decided to open two positions since Oanda does not allow you to partial out. I got in at 1.1540, 2 pips “worse” than their signal. Right after I got in, the pair spiked up, and hit the first target within 5 to 10 minutes. It kept going all the way up to 1.1590 and then it went back down. However, shortly after the first target was hit, I got another email from CityPips.

T1 Hit on USD/CHF +30
Move S/L to B/E

I chose to close one of my positions and move to breakeven on the second trade. About an hour later, the last email came.

Move S/L on USD/CHF to 1.1558 to lock in profits.

And so I did. A few minutes later, the pair crashed all the way back down to 1.1431. Due to the profit lock in, this was a total profit of 20 pip if you followed the exact signals which was sent. Obviously this is not yet posted on their performance page, but it will probably be there within a short period. The signal came right on time, and it cannot be misinterpreted. The only negative thing is, that you need to be ready to trade, right away. It only took about a minute before the pair spiked up. However, if you are a paid member, you can also get the signals sent by sms. So far it looks promising.

Related posts:

1. More signals from CityPips
2. Second & Third trade from CityPips
3. The last day with signals from CityPips
4. EUR/GBP Trade – Update
5. Free trial from CityPips

Tags: CityPips, forex signal