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Forex Signals on Twitter

Posted on 20. Apr, 2009 by in Forex Signals

As I wrote about in this post, I am currently working on sending out forex signal through Twitter. It might be, that I end up doing it another way, but right now, all of this is just in the testing phase. The signals we looked at in the last post were from Wednesday April 15th. We ended that day with a total of – 27 pips. Not the best start. The trades I am about to look at here were taken the following two days. I have just closed the last trades a few minutes ago, so I currently don’t have any open positions, and I thought it was about time, to share the results.

On Thursday April 16th, I went short on USD/JPY at 98.93. The pair went in the right direction for a short period, and when I was about 26 pips in profit, I moved my Take Profit to Break Even. A few minutes later, when got some news, which made the pair go back up, and hit our stop loss. Something which could have been avoided, if I had been following the news properly. A total of 0 pips for the day. The next trade was a short on GBP/USD at 1.4875. This pair kept going against me, and I was stopped out at 1.4936 for a total loss of – 61 pips. Shortly after I was stopped out, obviously the pair turned around, so I went in on another short on GBP/USD at 1.4910, with a stop loss at 1.5033 and an initial take profit at 1.4750. That is a stop loss of 122 pips and a take profit of 161 pips. A risk/reward ratio of 1 : 1.32, not the best R/R ratio, but as my stop loss was placed above the psychological resistance of 1.5000, I felt pretty good. The pair kept going down, and when I were 60 pips in profit I moved my stop loss to break even. As the pair kept going down I decided to move my Take Profit down to 1.4650. However, I closed the trade manually at 1.4695 for a total profit of 216 pips. On Friday april 17th, I went short on USD/JPY at 98.94. It went down and I was about 40 pips in profit, but then it went back up, and unfortunately I didn’t move my stop loss. As the pair was close to the entry price, I decided to close it at 98.88 for a total profit of 6 pips. These are the two trades which has just been closed about half an hour ago. Let do a quick summery.

Total Profit/Loss from April 15th: - 27 pips
Total Profit/Loss from April 16th – 20th: 161 pips
Total for entire period: 134 pips

Every detail from every one of my trades is posted in real time in twitter. Now this is still very new for me, and I am thinking of ways to improve this. If anyone has any suggestions, let me know.

Related posts:

  1. Twitter & Forex Signals
  2. This week’s Forex Signals
  3. The last day with signals from CityPips
  4. More signals from CityPips
  5. Another week with Forex Signals

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8 Responses to “Forex Signals on Twitter”

  1. Santa Claus says:
    April 20, 2009 at 23:00
    Check out http://wordpress.org/extend/plugins/twitter-tools/. Might help with posting your signals to Twitter.
    COMMENT  
  2. admin says:
    April 21, 2009 at 06:26
    Hi Santa,
    Yes I have seen that one and thought about it. I am still not sure twitter is the right way to go, as people will have to be logged into twitter all day, since there is no fixed time as to when I send out the signals. I am also looking for the possibility of using sms, but I am yet to find something which seems useful. But thankyou for letting me know about it.
    COMMENT  
  3. Samuel says:
    April 23, 2009 at 06:35
    There are lots, and increasing ways that Tweets can be received via mobile devices. Also, I use two programs, Digsby and Tweetdeck and they get tweets to me in a timely way.

    Twitter is your easiest way to start. Once you can prove that you can do it through Twitter for a few months, then you can probably look at other dissemination methods if Twitter isn’t cutting it for y ou.

    COMMENT  
  4. Darryl says:
    April 24, 2009 at 03:18
    Tweets is working for me… Keep it up!
    COMMENT  
  5. This week’s Forex Signals | TradeProfits says:
    April 26, 2009 at 14:19
    [...] first week of my trades resulted in a total of 134 pips, which was a pretty good way to start off. This week [...]
    COMMENT  
  6. admin says:
    April 29, 2009 at 07:50
    Hi Samuel,
    Digsby and Tweetdeck looks pretty cool! Specially Digsby. With all the new social media sites, it sure would be nice to control everything from one place!

    Darryl,
    Good! Now if there is anything you can think of to make it better, let me know!

    COMMENT  
  7. Forex Signals says:
    February 3, 2010 at 20:16
    He came back additional excited. He opened Forex trading account on that seminar, employing a special form provided by the Big Shark Company. They honestly declared that by doing that the broker agrees to pay them one pip from each trade created by the client recruited by them. My friend started real trading, constantly increasing the quantity of his investment until he put all of his savings into that Forex trading account. Everything was fine till one stunning day of October. On that day he got the news: his broker filed below chapter 11.He was broke. I asked him how successful was his trading? His answer was that he actually lost 30% of his investment, from trading, only. He was able to understand know that the coaching was utterly inefficient and not even shut enough to begin trading with real money. Something massive was missing here. He was missing the massive image in the entire game. His trading experience was terribly frustrating. Once every trade he felt like just hit the wall with a car flying with 100 miles per hour.A few days ago my friend known as me on the phone. He was terribly enthusiastic concerning a new Forex training package, simply delivered to him. I decided to test it on my own, too.
    COMMENT  
  8. Forex Sri Lanka says:
    September 22, 2010 at 05:59
    Its not bad for a free signal stream. But how reliable is the source? Are you still trading these forex signals?…
    COMMENT  

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