Going To The With EURjpy

Hi Eveeryone,

You are welcome to another beautiful trading week. At the Forex Mechanic Workshop we are always looking forward to another a new week because we know the amount of cash that is loaded in that week for us.
We are going to be going Long on EURjpy today we are gunning for 22 Pips before we start trailing We are already in the trade .

We Entered |At                                                      132.075
We Will Take Profit At                                          132.600

Well that is about 60+ \\\\\pips   We are going to take our traditional 10 Pips before we continue.

See you later

We wish a great day

Over 68 Pips Now

Welcome Back Everyone,

We just wanted to show you how we trail our profit  and show you how much Pips we are going to be sleeping with. Just about the time we wanted to scalp due to slow movement of NZDchf , the pair started a very big move. Well you might call this a bit of luck we agree . But it takes more than luck to trade Forex Market.

 Well See The Latest Chart Below 

Sleep Well 

Now Trailing

Hi Everyone

See how the Forex Mechanics Trail in the Chart below

BACK TO PROFIT again

Hi Everyone

I told you before that we will be analyzing the reason we entered into the trade later in the day.The pair just entered into profit and we have been watching it at the Forex Mechanic Workshop, although it has  not reached our 14 Pips that we wanted to used for our Stop Loss . But as it is we don't like giving  back profit once we make it..
Again in the Chart below you will see that it has reached a Resistance Level of 0.64749 and we have to wait for that Price level to be broken.
So once the one hour candle closes above 0.64749 then we will wait to till next week to cash out the profit target


See The Chart Below

 The chart will show you that we are in profit already . 

About now the battle is on to break the Resistance level so we are watching the 5 min Chart to take decision

Whatever we decide we will let you know. If we are going to scalp and reenter next week .

we have a culture at the Forex Mechanic Workshop we don't give back profit once we make it no matter how small.

I think we will get out of this trade now . I just received a message from The Forex Mechanics now that the price has eventually closed under the Resistance Level . See what is happening in 5 Mins Chart you will see that even that our pips have dropped

SORRY WE ARE BACK TO PROFIT AGAIN  SEE IT YOURSELF

Well we will see you next week 

Have a sweet weekend.

NZDchf Going To The North

Hi Everyone

We are long on NZDchf.  The Forex Mechanics are trading on this pair this morning depending on where you in any part of the world.

We entered at 0.64635
We are taking  profit at 0.65082 
That is about 40 pips but we are going to take the first profit at 0.64819 I think that is about 14 Pips
And that will be taken as our Stop Loss.

We will analyse why we took this trade  in the morning . So we wish a profitable Friday.

Bless You

Pips Pips Pips

Hi Everyone

We don't need to talk much . At the Forex Mechanic Workshop we believe that Charts speak better than Voice so see the Pips we made today again in the Chart.

At the Forex Mechanic Workshop we make over Pips daily but we can't be putting everything on the blog

For this week alone we have made about 200 Pips believe it or not .At least from the pips we make daily we have been posting 10Pips Daily . At least you can believe that.

Anyway see you again tomorrow.

Thanks Bye

GBPchf Will Continue North

Hi Everyone
Our second Profit Target was hit this morning. Check what we posted yesterday
The Second profit target was 1.27320.
However we do not think this pair has completed its journey to the North. We believe that Journey will continue at the Forex Mechanic Workshop where we try to periscope the movement of every pair for a very long time before coming out to post.

\\\\\\\\\So this morning at Forex Mechanic Workshop we will continue to move" hand in cap" with GBPchf to the North.

We Placed A Buy Stop At 1.274660
Profit Target                       1.27646

We are actually waiting for the price level of 1.27320 to broken in 1 Hr Time Frame then we can now take our 10 Pips and trail the remaining 12 pips for today

Check the chart below.