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Two more trades today on top of Monday's positions (+315 pips). We remained sideline with the Major pairs.
Europe Session
No. of signal recommendations: 2
Major pairs results: EUR/JPY (+30 pips) & CHF/JPY (+5 pips)
Wednesday, 10 December 2008
Sunday, 7 December 2008
Dec 01 - 05 Daytrading Results
Mon: Major pairs (-55 pips) & 100-pip trading (+52 pips)
Tue - Fri: No Trade
It was a quiet trading week as we kept our neutral stance on the major pairs for most of week. We still have about two and a half trading weeks left before the year ends. The system did so well for most of this year and let's hope my daytrading results can end on a higher note.
Tue - Fri: No Trade
It was a quiet trading week as we kept our neutral stance on the major pairs for most of week. We still have about two and a half trading weeks left before the year ends. The system did so well for most of this year and let's hope my daytrading results can end on a higher note.
Friday, 5 December 2008
FAPTURBO Review - A Much Improved FAP Version?!
(First posted on ScoutForex site)
Forget the previous disappointment of Forex Autopilot (FAP). Because the new FAP Turbo package has seriously outperformed FAP over the same time period.
Please check out these claims by the developer (Steve Carletti) first.
What I also like about the FAP Turbo is that you can even have your system installed on its provided 24/7 running server. This way, you will not need to have your own computer turned on ever.
All in all, the FAP Turbo system looks genuine and has already promised us much. Talk is cheap and I do hope this trading robot can continue to build on its reputation. We shall review its live trading outcomes soon on this site.
Update (1):
I can reveal that the FAPTURBO system consists of two trading strategies. One being the Short-term Scalper Strategy which can work on 4 pairs: EUR/GBP, GBP/CHF, EUR/CHF and USD/CAD on M15 (15-minute) timeframe. The other being Long-term FAP Strategy which has been optimised for the EUR/USD pair on M1 (1 minute) timeframe.
Forget the previous disappointment of Forex Autopilot (FAP). Because the new FAP Turbo package has seriously outperformed FAP over the same time period.
Please check out these claims by the developer (Steve Carletti) first.
Trading System Description:
Trading system of FAPTurbo expert-advisor is 100% automatic. Its new features include Automatic Risk Scaling, High-Spread Protection System and Build-in Loss Prevention. The system is capable of handling multiple currencies and promises low drawdowns. It can make up to 10 - 20 trades weekly, providing a high trading activity for your account.
BackTest on History:
Great results in 1999-2008: 5000% of profit in 9 years! Made 499,785 from 10,000 usd!
LiveTest on Real Money Accounts (Live proofs available):
Account 1: $370 turning into $3,100 in 1 short month
Account 2: $2,500 turning into $6,700 in 32 days
Account 3: $10,000 turning into $32,900 in 90 days
What I also like about the FAP Turbo is that you can even have your system installed on its provided 24/7 running server. This way, you will not need to have your own computer turned on ever.
All in all, the FAP Turbo system looks genuine and has already promised us much. Talk is cheap and I do hope this trading robot can continue to build on its reputation. We shall review its live trading outcomes soon on this site.
Update (1):
I can reveal that the FAPTURBO system consists of two trading strategies. One being the Short-term Scalper Strategy which can work on 4 pairs: EUR/GBP, GBP/CHF, EUR/CHF and USD/CAD on M15 (15-minute) timeframe. The other being Long-term FAP Strategy which has been optimised for the EUR/USD pair on M1 (1 minute) timeframe.
Thursday, 27 November 2008
Handsome Profits and Happy Thanksgiving Thursday
Europe Session
No. of signal recommendations: 4
Major pairs results: GBP/USD (+140 pips), EUR/USD (+55 pips), USD/CHF (+45 pips) & USD/CAD (+45 pips)
100-pip System
No. of auto-entries: 2
Potential profits:
GBP/USD +100 pips (maximum target hit!)
EUR/USD +50 pips (minimum target hit!)
We entered the last two trading days of the month. The rewards were justified for today after completing almost another month of good and solid trading with the market sentiment approach.
No. of signal recommendations: 4
Major pairs results: GBP/USD (+140 pips), EUR/USD (+55 pips), USD/CHF (+45 pips) & USD/CAD (+45 pips)
100-pip System
No. of auto-entries: 2
Potential profits:
GBP/USD +100 pips (maximum target hit!)
EUR/USD +50 pips (minimum target hit!)
We entered the last two trading days of the month. The rewards were justified for today after completing almost another month of good and solid trading with the market sentiment approach.
Sunday, 23 November 2008
Finding Your Trading Edge In Different Market Conditions
Friday US Session
No. of signal recommendations: 1
Major pairs results: EUR/USD (+10 pips)
During this volatile time, it's important to stay on track no matter what. It's all about capital preservation and reducing risks during tough market conditions. It's important to honour stop-loss levels and there is no reason to fight the markets without a proper trading plan.
There is something extraordinary about this market. At present, the forex markets are greatly affected by the performance of stock makets. The latest dip in the US markets has significantly changed the daily normal operation of the forex markets, especially during the month of November.
All daytrading systems are facing a uphill battle due to the current situations. Nonetheless, my major-pair system still ended breakeven for the week, and +260 pips for the month.
No. of signal recommendations: 1
Major pairs results: EUR/USD (+10 pips)
During this volatile time, it's important to stay on track no matter what. It's all about capital preservation and reducing risks during tough market conditions. It's important to honour stop-loss levels and there is no reason to fight the markets without a proper trading plan.
There is something extraordinary about this market. At present, the forex markets are greatly affected by the performance of stock makets. The latest dip in the US markets has significantly changed the daily normal operation of the forex markets, especially during the month of November.
All daytrading systems are facing a uphill battle due to the current situations. Nonetheless, my major-pair system still ended breakeven for the week, and +260 pips for the month.
Wednesday, 19 November 2008
One Tricky US Session Wednesday
Europe Session
No. of signal recommendations: 1
Major pairs results: -
Yen-crosses results: AUD/JPY (-20 pips)
US Session
No. of signal recommendations: 3
Major pairs results: GBP/USD (-70 pips)
Yen-crosses results: EUR/JPY & GBP/JPY (-70 pips)
No. of signal recommendations: 1
Major pairs results: -
Yen-crosses results: AUD/JPY (-20 pips)
US Session
No. of signal recommendations: 3
Major pairs results: GBP/USD (-70 pips)
Yen-crosses results: EUR/JPY & GBP/JPY (-70 pips)
Tuesday, 18 November 2008
100-pip Target Hit for GBP/USD
The 100-pip ea program has just closed the last two entered GBP/USD trades with +40 & 71 profits.
Good Results with Fixed-Hour (Forex Killer) Signals Tuesday
All winners today. My daily signals the major pairs had added another 60 pips today to produce an overall +320 pip profits for this month.
Europe Session
No. of signal recommendations: 2
Major pairs results: EUR/USD (+40 pips)
Yen-crosses results: GBP/JPY (+125 pips)
US Session
No. of signal recommendations: 1
Major pairs results: GBP/USD (+20 pips)
100-pip System
No. of auto-entries: 3
Potential profits:
EUR/USD
GBP/USD +100 pips (maximum target hit!)
GBP/JPY +40 pips (minimum target hit!)
Europe Session
No. of signal recommendations: 2
Major pairs results: EUR/USD (+40 pips)
Yen-crosses results: GBP/JPY (+125 pips)
US Session
No. of signal recommendations: 1
Major pairs results: GBP/USD (+20 pips)
100-pip System
No. of auto-entries: 3
Potential profits:
EUR/USD
GBP/USD +100 pips (maximum target hit!)
GBP/JPY +40 pips (minimum target hit!)
Monday, 17 November 2008
Two Profitable 100-pip Trades on Monday
100-pip System
No. of dynamic entries: 2
Potential profits:
CHF/JPY +50 pips (minimum target hit!)
EUR/JPY +50 pips (minimum target hit!)
100-pip EA
No. of auto-entries: 1
CHF/JPY +40 & 31
No. of dynamic entries: 2
Potential profits:
CHF/JPY +50 pips (minimum target hit!)
EUR/JPY +50 pips (minimum target hit!)
100-pip EA
No. of auto-entries: 1
CHF/JPY +40 & 31
Friday, 14 November 2008
60 pips in first 20 minutes with USD/CAD Friday
Europe Session
No. of signal recommendations: 1
Major pairs results: USD/CAD (+50 pips)
Max. pontential: +90 pips
Good for profit taking right now. But it's interesting to see how it ends later. (Update: final profits +50 pips.)
No. of signal recommendations: 1
Major pairs results: USD/CAD (+50 pips)
Max. pontential: +90 pips
Good for profit taking right now. But it's interesting to see how it ends later. (Update: final profits +50 pips.)
Thursday, 13 November 2008
Patiently Waiting for the Right Setup Thursday
I've just received another testimonial from one of my DTS subscribers. I will share it here.
From Cuulmusic:Basically, I was just following my forex trading routine. For the last two weeks, the markets are heavily driven in one-way direction to multi-year highs/lows and there are hardly any significant pullbacks. When the situation improves, I believe my "automated" system will be there to capture the right moves.
I would like to thank you for your effort and service, which has been good, particularly not feeling pressured to send out signals, if you felt there were no good opportunities available.
Tuesday, 11 November 2008
EUR/USD & GBP/USD Hit 100-pip Profit Targets
Our last two trades from yesterday, i.e. EUR/USD and GBP/USD, managed to hit their 100-pip targets:
No action today due to a neutral technical bias.
No action today due to a neutral technical bias.
Monday, 10 November 2008
Triple Digits Gains Monday ! Major Pairs +210 pips and 100-pip EA +229 pips
US Session
No. of signal recommendations: 3
Major pairs results: GBP/USD (+140 pip), EUR/USD (+100 pips) & USD/CHF (+40 pips)
Europe Session
No. of signal recommendations: 1
Major pairs results: USD/CAD (-70 pips)
100-pip System
No. of dynamic entries: 3
Potential profits:
USD/CHF +40 pips (minimum target hit!)
EUR/USD, +90 pips (minimum target hit!)
GBP/USD +80 pips (minimum target hit!)
100-pip EA
No. of auto-entries: 2
Final results: + 40, +90, +40, + 59 pips
No. of signal recommendations: 3
Major pairs results: GBP/USD (+140 pip), EUR/USD (+100 pips) & USD/CHF (+40 pips)
Europe Session
No. of signal recommendations: 1
Major pairs results: USD/CAD (-70 pips)
100-pip System
No. of dynamic entries: 3
Potential profits:
USD/CHF +40 pips (minimum target hit!)
EUR/USD, +90 pips (minimum target hit!)
GBP/USD +80 pips (minimum target hit!)
100-pip EA
No. of auto-entries: 2
Final results: + 40, +90, +40, + 59 pips
Friday, 7 November 2008
Yen-crosses + 90 pips, Major Pairs No Trade This Week
The system added three more signals in the last trading session of the week.
All winners today and thus making 5 wins of 7 for this week, up +90 pips for the month with the yen-crosses pairs so far.
Surprisingly, the system didn't make any signal with the major pairs.
Late Session
No. of signal recommendations: 3
End-of-session results:
Yen-crosses: GBP/JPY (+55 pips), EUR/JPY (+30 pips) & CHF/JPY (+10 pips)
All winners today and thus making 5 wins of 7 for this week, up +90 pips for the month with the yen-crosses pairs so far.
Surprisingly, the system didn't make any signal with the major pairs.
Late Session
No. of signal recommendations: 3
End-of-session results:
Yen-crosses: GBP/JPY (+55 pips), EUR/JPY (+30 pips) & CHF/JPY (+10 pips)
Wednesday, 5 November 2008
A Typical Signal Fine-Tuning Example & 100-pip Pocketed Wednesday
We had waited for the action this morning. The dynamic entry system by the 100-pip ea program had provided a better entry point and thus the subsequent profits.
Europe Session
No. of signal recommendations: 1
End-of-session results:
Yen-crosses: GBP/JPY (-70 pips SL)
100-pip System
No. of dynamic entries: 1
Potential profits:
GBP/JPY +100 pips (maximum target hit!)
100-pip EA
No. of auto-entries: 1
Final results: +40 & 67
Europe Session
No. of signal recommendations: 1
End-of-session results:
Yen-crosses: GBP/JPY (-70 pips SL)
100-pip System
No. of dynamic entries: 1
Potential profits:
GBP/JPY +100 pips (maximum target hit!)
100-pip EA
No. of auto-entries: 1
Final results: +40 & 67
Monday, 3 November 2008
Start of November Trading Monday
Europe Session
No. of signal recommendations: 3
End-of-session results:
Yen-crosses: GBP/JPY (+80 pips), EUR/JPY (-35 pips) & AUD/JPY (+20 pips)
100-pip System
No. of dynamic entries: 3
Potential profits:
AUD/JPY +40 pips (minimum target hit!)
EUR/JPY +40 pips (minimum target hit!)
GBP/JPY +40 pips (minimum target hit!)
100-pip EA
No. of auto-entries: 1
No. of signal recommendations: 3
End-of-session results:
Yen-crosses: GBP/JPY (+80 pips), EUR/JPY (-35 pips) & AUD/JPY (+20 pips)
100-pip System
No. of dynamic entries: 3
Potential profits:
AUD/JPY +40 pips (minimum target hit!)
EUR/JPY +40 pips (minimum target hit!)
GBP/JPY +40 pips (minimum target hit!)
100-pip EA
No. of auto-entries: 1
Sunday, 2 November 2008
US Daylight Saving Time Ends 2 Nov
US clocks go back one hour as Daylight Savings Time (DST) has ended on Sunday 2 Nov.
Therefore, US members will revert back to normal trading hours:
New York : 3 AM - 2 PM
London : 8 AM - 7 PM
Dubai: 12 PM - 11 PM
Singapore : 4 PM - 3 AM
Tokyo: 5 PM - 4 AM
Sydney: 7 PM - 6 AM
Therefore, US members will revert back to normal trading hours:
New York : 3 AM - 2 PM
London : 8 AM - 7 PM
Dubai: 12 PM - 11 PM
Singapore : 4 PM - 3 AM
Tokyo: 5 PM - 4 AM
Sydney: 7 PM - 6 AM
Thursday, 30 October 2008
GBP/JPY, EUR/JPY & AUD/JPY hit 100-pip profit targets
There was another trade setup in the US session. The positions managed to produce more gains this time round.
US Session
No. of signal recommendations:1
End-of-session results:
Yen-crosses: AUD/JPY (+135 pips)
100-pip System
No. of dynamic entries: 1
AUD/JPY +100 pips (maximum target hit!)
100-pip EA
No. of auto-entries: 1
US Session
No. of signal recommendations:1
End-of-session results:
Yen-crosses: AUD/JPY (+135 pips)
100-pip System
No. of dynamic entries: 1
AUD/JPY +100 pips (maximum target hit!)
100-pip EA
No. of auto-entries: 1
System Rebounded Strongly and Fetched Over 500 pips at One Point Thursday
Although a win is a win, I could still see the market mistiming issue, likely caused by the recent clock change. I expect trading to return back to normality in the new week when US trading hours revert back to usual. Anyway, at one point during this live session, the range of gains up for grab in today's "fast" markets was between 50 - 500 pips !
Europe Session
No. of signal recommendations: 3
End-of-session results:
Yen-crosses: GBP/JPY (+10 pips), EUR/JPY (+55 pips) & CHF/JPY (0 pip)
100-pip System
No. of dynamic entries: 3
Potential profits:
CHF/JPY +40 pips (minimum target hit!)
EUR/JPY +100 pips (maximum target hit!)
GBP/JPY +100 pips (maximum target hit!)
100-pip EA
No. of auto-entries: 1
Europe Session
No. of signal recommendations: 3
End-of-session results:
Yen-crosses: GBP/JPY (+10 pips), EUR/JPY (+55 pips) & CHF/JPY (0 pip)
100-pip System
No. of dynamic entries: 3
Potential profits:
CHF/JPY +40 pips (minimum target hit!)
EUR/JPY +100 pips (maximum target hit!)
GBP/JPY +100 pips (maximum target hit!)
100-pip EA
No. of auto-entries: 1
Wednesday, 29 October 2008
Out of Rhythm and a System"Hiccup"
Europe Session
No. of signal recommendations: 4
All major pairs results: -180 pips
All yen-crosses results: -70 pips
US Session
No. of signal recommendations: 5
All major pairs results: -140 pips
All yen-crosses results: -210 pips
Due to recent clock change, the US session had been scheduled to start one hour late than the normal system operational time this week. Unexpectedly, this caused some problems for the End-of-Session system today. As the forex market was heavily influenced by the US stock markets these days (this October 08), the system couldn't shrug off some "false" forex killer signals. Moreover, the technical bias was expected to shift tonight.
I don't think the system can come back to be positive for the month after today's results. This is probably the end of a nine consecutive month winning streak. Quite a symbolic result for the major-pairs system. Our trading session will revert back to normal hours next week after US clock change this weekend. It will be interesting to see how the system copes in the next two days.
No. of signal recommendations: 4
All major pairs results: -180 pips
All yen-crosses results: -70 pips
US Session
No. of signal recommendations: 5
All major pairs results: -140 pips
All yen-crosses results: -210 pips
Due to recent clock change, the US session had been scheduled to start one hour late than the normal system operational time this week. Unexpectedly, this caused some problems for the End-of-Session system today. As the forex market was heavily influenced by the US stock markets these days (this October 08), the system couldn't shrug off some "false" forex killer signals. Moreover, the technical bias was expected to shift tonight.
I don't think the system can come back to be positive for the month after today's results. This is probably the end of a nine consecutive month winning streak. Quite a symbolic result for the major-pairs system. Our trading session will revert back to normal hours next week after US clock change this weekend. It will be interesting to see how the system copes in the next two days.
Tuesday, 28 October 2008
A Steady Start to This Week Trading Tuesday
Europe Session
No. of signal recommendations: 3
Major pairs results: AUD/USD (+5 pips)
Yen-crosses results: EUR/JPY (0 pip) & AUD/JPY (-5 pips)
100-pip System
No. of dynamic entries: 2
Potential profits:
AUD/JPY
EUR/JPY +40 pips (minimum target hit!)
100-pip EA
No. of auto-entries: 1
No. of signal recommendations: 3
Major pairs results: AUD/USD (+5 pips)
Yen-crosses results: EUR/JPY (0 pip) & AUD/JPY (-5 pips)
100-pip System
No. of dynamic entries: 2
Potential profits:
AUD/JPY
EUR/JPY +40 pips (minimum target hit!)
100-pip EA
No. of auto-entries: 1
Sunday, 26 October 2008
UK Daylight Saving Time Ends 26 Oct
UK and other European clocks go back one hour as Daylight Savings Time (DST) has ended on Sunday 26 Oct.
Meanwhile, for US clocks, DST will end next week 2 Nov.
Thus, our trading hours for this week are as follows:
New York : 4 AM - 3 PM
London : 8 AM - 7 PM (unchanged)
Dubai: 12 PM - 11 PM
Singapore : 4 PM - 3 AM
Tokyo: 5 PM - 4 AM
Sydney: 7 PM - 6 AM
Meanwhile, for US clocks, DST will end next week 2 Nov.
Thus, our trading hours for this week are as follows:
New York : 4 AM - 3 PM
London : 8 AM - 7 PM (unchanged)
Dubai: 12 PM - 11 PM
Singapore : 4 PM - 3 AM
Tokyo: 5 PM - 4 AM
Sydney: 7 PM - 6 AM
Friday, 24 October 2008
This Week Results & Back to Normality Next Week?
Monday:
Major pairs +110 pips; Yen-crosses +230 pips; 100-pip signals +500 pips & 100-pip ea : +163 pips
Tue - Fri: no trade
Despite having the right technical bias the whole week, the forex-killer entry system was not able to generate more signals after Monday. We might have given up some golden trading opportunities, but we did not lose during this volatile week.
I expect our trading returning to the normality, i.e. more active trading next week.
Major pairs +110 pips; Yen-crosses +230 pips; 100-pip signals +500 pips & 100-pip ea : +163 pips
Tue - Fri: no trade
Despite having the right technical bias the whole week, the forex-killer entry system was not able to generate more signals after Monday. We might have given up some golden trading opportunities, but we did not lose during this volatile week.
I expect our trading returning to the normality, i.e. more active trading next week.
Tuesday, 21 October 2008
Tallying Up Monday's Winners & 5 x 100-pip Target Hits Tuesday
Tuesday
No Trade
Looking at today's price actions, we seemed to be entering near the "top or bottom" with yesterday's trades.
All 100-pip targets in EUR/USD, EUR/JPY, CHF/JPY, USD/CHF & USD/CAD were hit "easily".
We found no similar setup today and shall wait for the next trading opportunities
No Trade
Looking at today's price actions, we seemed to be entering near the "top or bottom" with yesterday's trades.
All 100-pip targets in EUR/USD, EUR/JPY, CHF/JPY, USD/CHF & USD/CAD were hit "easily".
We found no similar setup today and shall wait for the next trading opportunities
Monday, 20 October 2008
Fired Up Monday ! 9 signals and all winners in one session
Europe Session
No. of signal recommendations: 9 !!!
Major pairs results: GBP/USD (0 pip), EUR/USD (+45 pips), AUD/USD (+10 pips), USD/CHF (+20 pips) & USD/CAD (+35 pips)
Yen-crosses results: GBP/JPY (+50 pips), EUR/JPY (+90 pips), AUD/JPY (+40 pips) & CHF/JPY (+50 pips)
100-pip System
No. of dynamic entries: 5
Potential profits:
EUR/JPY +100 pips (maximum target hit!)
EUR/USD, +40 pips (minimum target hit!)
CHF/JPY +40 pips (minimum target hit!)
USD/CHF, USD/CAD
100-pip EA
No. of auto-entries: 2
No. of signal recommendations: 9 !!!
Major pairs results: GBP/USD (0 pip), EUR/USD (+45 pips), AUD/USD (+10 pips), USD/CHF (+20 pips) & USD/CAD (+35 pips)
Yen-crosses results: GBP/JPY (+50 pips), EUR/JPY (+90 pips), AUD/JPY (+40 pips) & CHF/JPY (+50 pips)
100-pip System
No. of dynamic entries: 5
Potential profits:
EUR/JPY +100 pips (maximum target hit!)
EUR/USD, +40 pips (minimum target hit!)
CHF/JPY +40 pips (minimum target hit!)
USD/CHF, USD/CAD
100-pip EA
No. of auto-entries: 2
Friday, 17 October 2008
One Profitable 100-pip Setup So Far on Friday
Europe Session
No. of signal recommendations: 1
Major pairs results: GBP/USD (+30 pips)
Max. potential: Over 100 pips !
100-pip EA
No. of auto-entries: 1
GBP/USD + 40 & 17 (minimum target hit!)
A fine setup in the early morning trading session. Hope everyone banks in on the fast profits. I personally took 57 pips out of the market.
No. of signal recommendations: 1
Major pairs results: GBP/USD (+30 pips)
Max. potential: Over 100 pips !
100-pip EA
No. of auto-entries: 1
GBP/USD + 40 & 17 (minimum target hit!)
A fine setup in the early morning trading session. Hope everyone banks in on the fast profits. I personally took 57 pips out of the market.
GBP/USD trade fetches 57 pips in fast market conditions
The 100-pip system took an entry in the GBP/USD market today during the European Session. Final profit in the end were +40 & 17 pips. No trade was made yesterday.
Wednesday, 15 October 2008
Keep the Positive Momentum Going Wednesday
Europe Session
No. of signal recommendations: 2
Major pairs results: GBP/USD (-50 pips)
Yen-crosses results: GBP/JPY (+60 pips)
US Session
No. of signal recommendations: 3
Major pairs results: EUR/USD (+85 pips), USD/CHF (-10 pips)
Yen-crosses results: AUD/JPY (+150 pips)
100-pip System
No. of dynamic entries: 3
Potential profits:
GBP/JPY out
EUR/USD +40 pips (minimum target hit!)
AUD/JPY +90 pips (minimum target hit!)
100-pip EA
No. of auto-entries: 3
It could even be a brighter day if the 100-pip ea was not stopped out at -60 pips by some volatile ticks in the GBP/JPY market. It just missed out by 4 pips. A SL of 65 should have made a nice gain instead.
Fortunately, the system pulled in another two positive 100-pip trades in the later session. With some other manual trades, I managed a gain of 4.9%. today compared to yesterday's 22% gain.
No. of signal recommendations: 2
Major pairs results: GBP/USD (-50 pips)
Yen-crosses results: GBP/JPY (+60 pips)
US Session
No. of signal recommendations: 3
Major pairs results: EUR/USD (+85 pips), USD/CHF (-10 pips)
Yen-crosses results: AUD/JPY (+150 pips)
100-pip System
No. of dynamic entries: 3
Potential profits:
GBP/JPY out
EUR/USD +40 pips (minimum target hit!)
AUD/JPY +90 pips (minimum target hit!)
100-pip EA
No. of auto-entries: 3
It could even be a brighter day if the 100-pip ea was not stopped out at -60 pips by some volatile ticks in the GBP/JPY market. It just missed out by 4 pips. A SL of 65 should have made a nice gain instead.
Fortunately, the system pulled in another two positive 100-pip trades in the later session. With some other manual trades, I managed a gain of 4.9%. today compared to yesterday's 22% gain.
Tuesday, 14 October 2008
Free Forex Killer Update version 4.12
I just received another update email regarding the forex killer software upgrade to version 4.12. from version 3.32.
Some of the new forex killer software features:
- New Advanced algorithms adjusted to work great in crazy market conditions
- New trader tools: "Moving Average" Module
- Professional Easy-to-use installer
- Updated User Guide
The updates are entirely free of charge. As promised, Andreas has continued to perform the task of fine-tuning and refining his software algorithm.
To get the new updated version, simply visit to your members zone url or attach your clickbank receipt and mail to forex killer support for a download link.
Some of the new forex killer software features:
- New Advanced algorithms adjusted to work great in crazy market conditions
- New trader tools: "Moving Average" Module
- Professional Easy-to-use installer
- Updated User Guide
The updates are entirely free of charge. As promised, Andreas has continued to perform the task of fine-tuning and refining his software algorithm.
To get the new updated version, simply visit to your members zone url or attach your clickbank receipt and mail to forex killer support for a download link.
3 x 100-pip profits for EUR/USD, EUR/JPY & USD/CAD
There were many opportunities today. Whichever you picked you should end in profits. Nice~
Right Timing with Many Positive 100-pip Trades Tuesday
Today was the day I made a killing on the forex market.
My account balance was up a whopping 22%. I liked what I see and didn't even wait for the 100-pip ea to close the remaining half-size position. At the end, I could have made more profits and just didn't bother any more.
100-pip System
No. of dynamic entries:5
Potential profits
USD/CAD +100 pips (maximum target hit!)
EUR/USD +100 pips (maximum target hit!)
USD/CHF +40 pips (minimum target hit!)
CHF/JPY +40 pips (minimum target hit!)
EUR/JPY +100 pips (maximum target hit!)
100-pip EA
No. of auto-entries: 3
US Session
No. of signal recommendations: 5
Major pairs results: EUR/USD (+45 pips), USD/CHF (+45 pips) & USC/CAD (-70 pips)
Yen-crosses results: EUR/JPY (+65 pips) & CHF/JPY (+75 pips)
My account balance was up a whopping 22%. I liked what I see and didn't even wait for the 100-pip ea to close the remaining half-size position. At the end, I could have made more profits and just didn't bother any more.
100-pip System
No. of dynamic entries:5
Potential profits
USD/CAD +100 pips (maximum target hit!)
EUR/USD +100 pips (maximum target hit!)
USD/CHF +40 pips (minimum target hit!)
CHF/JPY +40 pips (minimum target hit!)
EUR/JPY +100 pips (maximum target hit!)
100-pip EA
No. of auto-entries: 3
US Session
No. of signal recommendations: 5
Major pairs results: EUR/USD (+45 pips), USD/CHF (+45 pips) & USC/CAD (-70 pips)
Yen-crosses results: EUR/JPY (+65 pips) & CHF/JPY (+75 pips)
Monday, 13 October 2008
No Market Conviction Before US Open Monday
Europe Session
No. of signal recommendations: 5
Major pairs results: EUR/USD (+55 pips) & GBP/USD (-55 pips)
Yen-crosses results: EUR/JPY (+55 pips), GBP/JPY (-10 pips) & CHF/JPY (-5 pips)
US Session
No. of signal recommendations: 1
Major pairs results: -
Yen-crosses results: AUD/JPY (-5 pips)
100-pip EA system
No. of auto-entries: 3
The targeted 100-pip movements seemed to happen only after US opening. The system might have positioned the entries slightly too early today. I had resolved to adding more positions and just managed to scalp for breakeven, recovering some of the early losses. Markets were indeed tricky. Let's hope we can get some more actions tomorrow.
No. of signal recommendations: 5
Major pairs results: EUR/USD (+55 pips) & GBP/USD (-55 pips)
Yen-crosses results: EUR/JPY (+55 pips), GBP/JPY (-10 pips) & CHF/JPY (-5 pips)
US Session
No. of signal recommendations: 1
Major pairs results: -
Yen-crosses results: AUD/JPY (-5 pips)
100-pip EA system
No. of auto-entries: 3
The targeted 100-pip movements seemed to happen only after US opening. The system might have positioned the entries slightly too early today. I had resolved to adding more positions and just managed to scalp for breakeven, recovering some of the early losses. Markets were indeed tricky. Let's hope we can get some more actions tomorrow.
Friday, 10 October 2008
Flip-Flop Markets & Patiently Waiting Friday
Despite profiting over 100 pips yesterday, the system had a mixed performance day and giving back some out the previous gains. Nonetheless, I will continue to setup my trades patiently and hope to score again with more winners in a systematic fashion. I know the system is trying hard to shrug off the very difficult trading market conditions seen in this October.
Europe Session
No. of signal recommendations: 1
End-of-session results: USD/CHF (+15 pips)
Maximum potential: Over 10 pips !
US Session
No. of signal recommendations: 1
End-of-session results: CHF/JPY (-25 pips)
Maximum potential: Over 40 pips !
100-pip EA system
No. of auto-entries: 1
CHF/JPY out (inital winner, missed the minimum target by 2 pips!)
Europe Session
No. of signal recommendations: 1
End-of-session results: USD/CHF (+15 pips)
Maximum potential: Over 10 pips !
US Session
No. of signal recommendations: 1
End-of-session results: CHF/JPY (-25 pips)
Maximum potential: Over 40 pips !
100-pip EA system
No. of auto-entries: 1
CHF/JPY out (inital winner, missed the minimum target by 2 pips!)
Wednesday, 8 October 2008
Coordinated Rate Cuts & Coping Well Wednesday
I had not experienced anything like this before. It was extremely tough for the system to make money when the market swings were huge. Basically, the markets were in oscillating mode while traders digesting the implication of coordinated rate-cuts by the central banks.
The major-pairs results for this month have been reduced to almost zero. And I am still hanging on with gains from the yen-crosses pairs which are about +250 pips. Meanwhile, the results for 100-pip system were mixed for today after enjoying some good results yesterday.
Europe Session
No. of signal recommendations: 2
End-of-session results: GBP/USD (-70 pips) & USD/CHF (-30 pips)
Maximum potential: + 50 pips
US Session
No. of signal recommendations: 1
End-of-session results: EUR/USD (-70 pips)
Maximum potential: + 40 pips
100-pip System
No. of dynamic entries: 2
Potential profits
GBP/USD out
EUR/USD (+40 pips minimum target hit)
The major-pairs results for this month have been reduced to almost zero. And I am still hanging on with gains from the yen-crosses pairs which are about +250 pips. Meanwhile, the results for 100-pip system were mixed for today after enjoying some good results yesterday.
Europe Session
No. of signal recommendations: 2
End-of-session results: GBP/USD (-70 pips) & USD/CHF (-30 pips)
Maximum potential: + 50 pips
US Session
No. of signal recommendations: 1
End-of-session results: EUR/USD (-70 pips)
Maximum potential: + 40 pips
100-pip System
No. of dynamic entries: 2
Potential profits
GBP/USD out
EUR/USD (+40 pips minimum target hit)
Tuesday, 7 October 2008
I've Waited Patiently for this Forex Killer Setup & Made a 100-pip Profit Tuesday
Europe Session
No. of signal recommendations: 1
End-of-session results: GBP/USD (+95 pips)
Maximum potential: Over 190 pips !
100-pip System
No. of dynamic entries: 1
Potential profits
GBP/USD +100 pips (maximum target hit!)
100-pip EA system
No. of auto-entries: 1
GBP/USD +40 & 73 pips
Finally some action after all. Yesterday was an incredible day in the forex market but the system was inactive. Anyhow, I believed that by following a fixed trading routine, I was able to increase my chances of winning: How to Make 100 pips in One Single Forex Trade
No. of signal recommendations: 1
End-of-session results: GBP/USD (+95 pips)
Maximum potential: Over 190 pips !
100-pip System
No. of dynamic entries: 1
Potential profits
GBP/USD +100 pips (maximum target hit!)
100-pip EA system
No. of auto-entries: 1
GBP/USD +40 & 73 pips
Finally some action after all. Yesterday was an incredible day in the forex market but the system was inactive. Anyhow, I believed that by following a fixed trading routine, I was able to increase my chances of winning: How to Make 100 pips in One Single Forex Trade
Friday, 3 October 2008
A Good Start to the October Month Friday
US Session
No. of signal recommendations: 1
End-of-session results: USD/CHF(+65 pips)
No. of signal recommendations: 3
End-of-session results: GBP/JPY (+35 pips), AUD/JPY (+70 pips) and CHF/JPY (-25 pips)
100-pip EA system
No. of auto-entries: 1
Another week gone by. We were able to make some good pips today with the signals from both the US and Late sessions . You can check out our automated day-trading routine here.
Wednesday, 1 October 2008
A New Trading Month & Day Trading Report Sept' 08
Wednesday
No trade
We had no bias today and markets seemed choppy in the first day of the month. Btw, the latest dayrading report for September is ready for viewing.
No trade
We had no bias today and markets seemed choppy in the first day of the month. Btw, the latest dayrading report for September is ready for viewing.
Tuesday, 30 September 2008
End of September Trading and A Profitable Month
Tuesday
US Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (-70 pips SL), GBP/USD (+30 pips)
100-pip EA system
No. of auto-entries: Nil
A very active day in the forex market but a usual trading day for us. I will sum up the day trading report for the month of September in a day or two. It's the eight consecutive winning month for the major-pair system with +295-pip gains in the end. The system also did well with the yen-cross pairs and the 100-pip ea program.
US Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (-70 pips SL), GBP/USD (+30 pips)
100-pip EA system
No. of auto-entries: Nil
A very active day in the forex market but a usual trading day for us. I will sum up the day trading report for the month of September in a day or two. It's the eight consecutive winning month for the major-pair system with +295-pip gains in the end. The system also did well with the yen-cross pairs and the 100-pip ea program.
Monday, 29 September 2008
100-pip Target Hit for EUR/USD
Our EUR/USD position fetched more than 100 pips today (i.e. 40 & 97 pips).
I had some free time to put up some charts here:
100-pip Trading Setups that Everyone Loves to Score With
I had some free time to put up some charts here:
100-pip Trading Setups that Everyone Loves to Score With
Bottom Fishing In US Session and Good Pay-Off Monday
Europe Session
No. of signal recommendations: 1
End-of-session results:USD/CHF(-70 pips)
No. of signal recommendations: 4
End-of-session results: EUR/USD (+65 pips), GBP/USD (+40 pips), AUD/USD (+5 pips), USD/CAD (+70 pips)
100-pip System
No. of dynamic entries: 3
Potential profits:
EUR/USD +100 pips (maximum target hit!)
GBP/GBP +40 (minimum target hit!)
USD/CAD +40 (minimum target hit!)
100-pip EA system
No. of auto-entries: 2
I saw the Euro and Pound plunging in the European Session. And I had several strong technical setups and the 100-pip ea program to take advantage of the market conditions !
Friday, 26 September 2008
Coping Well with Automated Trading Routine Friday and September
Europe Session
No. of signal alerts: 3
End-of-session results:
Majors - EUR/USD (-40 pips), AUD/USD (-70 pips SL) and USD/CHF (-20 pips)
No entry yet by the 100-pip program. The system had done what it was supposed to do - filtering out the bad market conditions like in this morning session.
So, September is nearing its end. The financial markets are still in turmoil state. Undoubtedly, the currency markets are heavily affected by the latest market uncertainties, literally minute- by-minute development. I am glad that my systems are able to hold their own ground so far.
No. of signal alerts: 3
End-of-session results:
Majors - EUR/USD (-40 pips), AUD/USD (-70 pips SL) and USD/CHF (-20 pips)
No entry yet by the 100-pip program. The system had done what it was supposed to do - filtering out the bad market conditions like in this morning session.
So, September is nearing its end. The financial markets are still in turmoil state. Undoubtedly, the currency markets are heavily affected by the latest market uncertainties, literally minute- by-minute development. I am glad that my systems are able to hold their own ground so far.
Thursday, 25 September 2008
A Steady Start & More Results Thursday
Europe Session
No. of signal recommendations: 1
End-of-session results:AUD/JPY (+25 pips)
Maximum potential: 0ver 40 pips !
It was a calm and straightforward yen-crosses setup. The price edged higher soon after we entered.
No. of signal recommendations: 4
End-of-session results: EUR/USD (+65 pips), GBP/USD (+15 pips), AUD/USD (+30 pips), EUR/JPY (+80 pips)
Maximum potential: 0ver 150 pips !
More exciting forex actions in the afternoon session. I was amazed that the system kept pulling out winners these days (i.e. with almost similar trading actions).
Wednesday, 24 September 2008
Good Solid Results with the Major Pairs (+140 pips) Wednesday
US Session
No. of signal recommendations: 2
End-of-session results:
Majors: EUR/USD (+70 pips) and USD/CHF (+70 pips)
Crosses: EUR/JPY (-10 pips) and CHF/JPY (+10 pips)
100-pip EA system
No. of auto-entries: 2
There were some good profit-making opportunities today. I was surprised that my simplest strategy was actually producing the best results during this choppy month.
>> Learn more about market trends & sentiments
If you have followed all the major pairs setups consistently at the start of my trading sessions, you should have banked over 200 pips of profits for this month and over 1000 pips since 1 August.
If you have followed all the yen-crosses setups consistently at the start of my trading sessions, you should have banked over 500 pips of profits for this month and over 900 pips since 1 August, simply by using a low drawdown approach.
No. of signal recommendations: 2
End-of-session results:
Majors: EUR/USD (+70 pips) and USD/CHF (+70 pips)
Crosses: EUR/JPY (-10 pips) and CHF/JPY (+10 pips)
100-pip EA system
No. of auto-entries: 2
There were some good profit-making opportunities today. I was surprised that my simplest strategy was actually producing the best results during this choppy month.
>> Learn more about market trends & sentiments
If you have followed all the major pairs setups consistently at the start of my trading sessions, you should have banked over 200 pips of profits for this month and over 1000 pips since 1 August.
If you have followed all the yen-crosses setups consistently at the start of my trading sessions, you should have banked over 500 pips of profits for this month and over 900 pips since 1 August, simply by using a low drawdown approach.
Tuesday, 23 September 2008
Fast In Fast Out Approach during Volatile Market Conditions
European Session
No. of signal recommendations: 2
End-of-session results:
Crosses: GBP/JPY (+60 pips) and AUD/JPY (+35 pips)
100-pip EA system
No. of auto-entries: 1
When the price seems to stall for some time and it does not move according to your plan, it is very likely that you are going to lose as the price eventually moves in the opposite direction. Today, we saw the end-of-session system did well once again as the price momentum continued to pick up soon after we entered. The price appeared to be stalling for the 100-pip setup.
No. of signal recommendations: 2
End-of-session results:
Crosses: GBP/JPY (+60 pips) and AUD/JPY (+35 pips)
100-pip EA system
No. of auto-entries: 1
When the price seems to stall for some time and it does not move according to your plan, it is very likely that you are going to lose as the price eventually moves in the opposite direction. Today, we saw the end-of-session system did well once again as the price momentum continued to pick up soon after we entered. The price appeared to be stalling for the 100-pip setup.
Friday, 19 September 2008
EUR/USD and USD/CHF fetch more than 100 pips Friday
Today it was the turn for the major pairs to outperform. We had got the bearish trade setups for for the US dollar.
Short @ USD/CHF 1.1202
Long @ EUR/USD 1.4247
Thursday, 18 September 2008
Wednesday, 17 September 2008
EUR/JPY trade hit more than 100 pips Wednesday
European Session
No. of signal recommendations: 2
End-of-session results:
Crosses: EUR/JPY (+65 pips) and AUD/JPY (+90 pips)
From Irene: Thanks for your EUR/JPY signal today as it hit more then 100pips..^_^..
No. of signal recommendations: 2
End-of-session results:
Crosses: EUR/JPY (+65 pips) and AUD/JPY (+90 pips)
From Irene: Thanks for your EUR/JPY signal today as it hit more then 100pips..^_^..
Monday, 15 September 2008
Price Volatility + Tight Stops = Bad Trade Monday
Late Session
No. of signal recommendations: 1
End-of-session results:
Crosses: GBP/JPY (+155 pips !)
Unfortunately, I had my first trade of the week with the EA. It was an exact opposite of what we had last week.
My own EA trade entry level was poor this time round, and was affected by the sheer price volatility seen in today's action. I blamed the latest financial turmoils . There was a big price difference between the manual entry level and the EA setup. As a result, those who entered at the start of the trading session got a good paid off.
These results would definitely put me on guard in the coming days. Perhaps this would help too - Losing trades and how to cope - I will consider to lower my risk limit to a low 1- 2.5% per trade for now.
No. of signal recommendations: 1
End-of-session results:
Crosses: GBP/JPY (+155 pips !)
Unfortunately, I had my first trade of the week with the EA. It was an exact opposite of what we had last week.
My own EA trade entry level was poor this time round, and was affected by the sheer price volatility seen in today's action. I blamed the latest financial turmoils . There was a big price difference between the manual entry level and the EA setup. As a result, those who entered at the start of the trading session got a good paid off.
These results would definitely put me on guard in the coming days. Perhaps this would help too - Losing trades and how to cope - I will consider to lower my risk limit to a low 1- 2.5% per trade for now.
Friday, 12 September 2008
Dead Cat Bounce - Run and Cover ! Friday
US Session
No. of signal recommendations: 4
End-of-session results:
Majors: GBP/USD (-70 SL) and AUD/USD (-15 pip)
Crosses: GBP/JPY (-30 pips) and EUR/JPY (+40 pips)
100-pip System
No. of dynamic entries: 4
Potential profits:
GBP/USD +40 (minimum target hit!) another good result with IBFX server
AUD/USD +20
GBP/JPY +40 (minimum target hit!)
EUR/JPY +40 (minimum target hit!)
100-pip EA system
No. of auto-entries: 2
What a day ! Despite overseeing a strong reaction for the US dollar to retreat, my results were actually mixed for the day and still end up positive for the week ! Hope you had a few exciting, action-packed forex hours today and I will see you again next week.
Have a nice weekend!
No. of signal recommendations: 4
End-of-session results:
Majors: GBP/USD (-70 SL) and AUD/USD (-15 pip)
Crosses: GBP/JPY (-30 pips) and EUR/JPY (+40 pips)
100-pip System
No. of dynamic entries: 4
Potential profits:
GBP/USD +40 (minimum target hit!) another good result with IBFX server
AUD/USD +20
GBP/JPY +40 (minimum target hit!)
EUR/JPY +40 (minimum target hit!)
100-pip EA system
No. of auto-entries: 2
What a day ! Despite overseeing a strong reaction for the US dollar to retreat, my results were actually mixed for the day and still end up positive for the week ! Hope you had a few exciting, action-packed forex hours today and I will see you again next week.
Have a nice weekend!
Wednesday, 10 September 2008
Markets Still In Zig-Zag Correction Phase Wednesday
European Session
No. of signal recommendations: 3
End-of-session results:
Majors: GBP/USD (+30 pips) and USD/CHF (0 pip)
Crosses: EUR/JPY (+25 pips)
100-pip EA system
No. of auto-entries: None (Alpari !)
GBP/USD +40 & 15 pips (Interbank FX)
US and Late Session
No trade
We positioned ourselves well and made some really good efforts this morning. Unfortunately, I can confirm to you that the EA hadn't enter any position. It was quite a close call with the GBP/USD, give or take 2-3 pips, else we would be sitting with profits right now...
Update: Apparently, some did make profits with the GBP/USD setup on the InterbankFX. Nice one...
No. of signal recommendations: 3
End-of-session results:
Majors: GBP/USD (+30 pips) and USD/CHF (0 pip)
Crosses: EUR/JPY (+25 pips)
100-pip EA system
No. of auto-entries: None (Alpari !)
GBP/USD +40 & 15 pips (Interbank FX)
US and Late Session
No trade
We positioned ourselves well and made some really good efforts this morning. Unfortunately, I can confirm to you that the EA hadn't enter any position. It was quite a close call with the GBP/USD, give or take 2-3 pips, else we would be sitting with profits right now...
Update: Apparently, some did make profits with the GBP/USD setup on the InterbankFX. Nice one...
Monday, 8 September 2008
2 x 100-pip Target Hit - AUD/USD and AUD/JPY Monday !
European Session
No. of signal recommendations: 2
End-of-session results:
Majors: AUD/USD + 90 pips
Crosses: AUD/JPY +115
100-pip System
No. of dynamic entries: 2
Potential profits:
AUD/USD +100 (target hit!)
AUD/JPY +100 (target hit!)
100-pip EA system
No. of auto-entries: 2
Results:
AUD/USD +40 & 100 pips !
AUD/JPY +40 & 73 pips!
What a day ! A bright start to the week...
No. of signal recommendations: 2
End-of-session results:
Majors: AUD/USD + 90 pips
Crosses: AUD/JPY +115
100-pip System
No. of dynamic entries: 2
Potential profits:
AUD/USD +100 (target hit!)
AUD/JPY +100 (target hit!)
100-pip EA system
No. of auto-entries: 2
Results:
AUD/USD +40 & 100 pips !
AUD/JPY +40 & 73 pips!
What a day ! A bright start to the week...
Friday, 5 September 2008
No Trade and Patiently Waiting Friday
Friday
No trade
The 100-pip system performance has been updated. Btw, it was an abnormal trading week where we had overextended price reactions in many of the major markets. The unwinding of the carry trades also intensified to a scale that I've not experienced in a very long time.
Fortunately, we successfully avoided being caught out by this market behaviour and the system was pretty safe in this kind of trading environment.
I hope the market will get back to its normal trading mode next week. Note that we follow a very stringent trading plan with a fixed daily trade entry routine at all time.
No trade
The 100-pip system performance has been updated. Btw, it was an abnormal trading week where we had overextended price reactions in many of the major markets. The unwinding of the carry trades also intensified to a scale that I've not experienced in a very long time.
Fortunately, we successfully avoided being caught out by this market behaviour and the system was pretty safe in this kind of trading environment.
I hope the market will get back to its normal trading mode next week. Note that we follow a very stringent trading plan with a fixed daily trade entry routine at all time.
Thursday, 4 September 2008
100-pip Target Hit - USD/CHF
Those who followed the manual setup with the 100-pip trade entry conditions should get this. Meanwhile, the 100-pip EA booked a total of 56 pips.
We were 'IN ACTION' Thursday
European Session
No. of signal recommendations: 4
End-of-session results:
Majors - GBP/USD (-70 SL) , AUD/USD (-15 pips), USD/CHF (+5 pips) and USD/CAD (+10 pip)
100-pip System
No. of dynamic entries: 2
Potential profits:
USD/CAD +50 (minimum target hit!)
USD/CHF +90 (minimum target hit!)
100-pip EA system
No. of auto-entries: 1
US and Late Session
No trade
After 'resting' for a few sessions, we scored two good profits immediately with the dynamic trade entry approach by the 100-pip system.
No. of signal recommendations: 4
End-of-session results:
Majors - GBP/USD (-70 SL) , AUD/USD (-15 pips), USD/CHF (+5 pips) and USD/CAD (+10 pip)
100-pip System
No. of dynamic entries: 2
Potential profits:
USD/CAD +50 (minimum target hit!)
USD/CHF +90 (minimum target hit!)
100-pip EA system
No. of auto-entries: 1
US and Late Session
No trade
After 'resting' for a few sessions, we scored two good profits immediately with the dynamic trade entry approach by the 100-pip system.
Tuesday, 2 September 2008
A Slow and Safe Start to the Week Tuesday
Late Session
End-of-session results:
No. of signal recommendations: 1
Crosses - CHF/JPY (+5 pips)
100-pip EA system
No. of auto-entries: no trade
Same routine, same system, even 10 markets were being monitored, but still no right setup for the 100-pip EA trading program. Obviously, it doesn't like these volatile market conditions. Hence, I am patiently waiting again...
On the other hand, I did make some news trades today.
End-of-session results:
No. of signal recommendations: 1
Crosses - CHF/JPY (+5 pips)
100-pip EA system
No. of auto-entries: no trade
Same routine, same system, even 10 markets were being monitored, but still no right setup for the 100-pip EA trading program. Obviously, it doesn't like these volatile market conditions. Hence, I am patiently waiting again...
On the other hand, I did make some news trades today.
Monday, 1 September 2008
Carry Trade Unwinding and Sterling Pound Meltdown Monday
Monday
No trade
Despite a US holiday, I continued to work on the currency markets. The system found no trading setup today and remained on the sideline. Sometimes, there could be five signals a day, there could be none - this is how my system works ! I just laugh at it sometimes, as I have to take a relaxed approach and being discipline.
No trade
Despite a US holiday, I continued to work on the currency markets. The system found no trading setup today and remained on the sideline. Sometimes, there could be five signals a day, there could be none - this is how my system works ! I just laugh at it sometimes, as I have to take a relaxed approach and being discipline.
Sunday, 31 August 2008
Day Trading Report Aug' 08
The August report is ready for viewing.
Fact 1: Major-Pairs Results +760 pips; Yen-Crosses Results +415 pips; 100-Pip Results +2038 pips
August was the month in which the US dollar finally rebounded...
Friday, 29 August 2008
100-pip Target Hit for EUR/JPY
This was a sweet victory after my other euro trade (EUR/USD) was "unfairly" stopped out yesterday.
>> A Double Sweet Victory Friday - 100-pip Target Hit for CHF/JPY
>> A Double Sweet Victory Friday - 100-pip Target Hit for CHF/JPY
Thursday, 28 August 2008
Keeping the Positive Momentum Thursday
European Session
No. of signal recommendations: 2
End-of-session results:
Majors - GBP/USD (+20) and EUR/USD (+25 pips)
US Session
End-of-session results:
Majors - AUD/USD (0 pip) and USD/CHF (+15 pips)
Crosses - EUR/JPY (+15 pips), AUD/JPY (+5 pips) and CHF/JPY (+5 pips)
100-pip EA system
No. of auto-entries: 4
EUR/USD - out by 1 pip :( !!!
USD/CHF +50 (minimum target hit!)
EUR/JPY +100 pips (maximum target hit!)
CHF/JPY +100 (maximum target hit!)
Markets acted in a tricky mode in the late afternoon. My short Euro position was just stopped out - being caught out by my Alpari machine exactly at the high of the day ! How about you guys? The rest of my positions were fairing much better.
>> Click here to join upcoming Live Forex Trading Sessions
No. of signal recommendations: 2
End-of-session results:
Majors - GBP/USD (+20) and EUR/USD (+25 pips)
US Session
End-of-session results:
Majors - AUD/USD (0 pip) and USD/CHF (+15 pips)
Crosses - EUR/JPY (+15 pips), AUD/JPY (+5 pips) and CHF/JPY (+5 pips)
100-pip EA system
No. of auto-entries: 4
EUR/USD - out by 1 pip :( !!!
USD/CHF +50 (minimum target hit!)
EUR/JPY +100 pips (maximum target hit!)
CHF/JPY +100 (maximum target hit!)
Markets acted in a tricky mode in the late afternoon. My short Euro position was just stopped out - being caught out by my Alpari machine exactly at the high of the day ! How about you guys? The rest of my positions were fairing much better.
>> Click here to join upcoming Live Forex Trading Sessions
Wednesday, 27 August 2008
Major Positions +140 pips & 100-pip Target Hit for GBP/USD Wednesday
European Session
No Trade
US Session
No. of signal recommendations: 4
End-of-session results:
Majors :GBP/USD (+40 pips) , EUR/USD (+35 pips), USD/CHF (+45 pips) and USD/CAD (+20 pips)
100-pip System
No. of dynamic entries: 4
Running profits:
GBP/USD +100 (maximum target hit!)
EUR/USD +40 (minimum target hit!)
USD/CHF +40 (minimum target hit!)
USD/CAD +20
100-pip EA Program
No. of auto-entries: 2
All major positions have been squared at the end of US trading session, giving us +140 pips profit for this Wednesday. My trading sessions are so far up +700 pips for the month ?!
Results are even brighter with the 100-pip ea program. My "auto-entry" GBP/USD trade managed to hit the maximum target of 100-pip in less than 2 hours after position opening today! You guys should be able to pick that up too. The ea trading program is currently available to Scoutforex gold-service subscribers.
It is an extraordinary time for the forex market. No matter how, I believe we should always take things calmly and practise our trading routine consistently.
No Trade
US Session
No. of signal recommendations: 4
End-of-session results:
Majors :GBP/USD (+40 pips) , EUR/USD (+35 pips), USD/CHF (+45 pips) and USD/CAD (+20 pips)
100-pip System
No. of dynamic entries: 4
Running profits:
GBP/USD +100 (maximum target hit!)
EUR/USD +40 (minimum target hit!)
USD/CHF +40 (minimum target hit!)
USD/CAD +20
100-pip EA Program
No. of auto-entries: 2
All major positions have been squared at the end of US trading session, giving us +140 pips profit for this Wednesday. My trading sessions are so far up +700 pips for the month ?!
Results are even brighter with the 100-pip ea program. My "auto-entry" GBP/USD trade managed to hit the maximum target of 100-pip in less than 2 hours after position opening today! You guys should be able to pick that up too. The ea trading program is currently available to Scoutforex gold-service subscribers.
It is an extraordinary time for the forex market. No matter how, I believe we should always take things calmly and practise our trading routine consistently.
Tuesday, 26 August 2008
100-pip Target Hit for EUR/JPY
Yesterday's EUR/JPY trade entry had provided the maximum profits for both my positions. Some good wins to kick start this trading week.
Monday, 25 August 2008
Friday, 22 August 2008
Wins on Friday and Help to Members
European Session
No. of signal recommendations: 1
End-of-session results:
Crosses - GBP/JPY (+140 pips )
100-pip EA system
No. of auto-entries: 2
GBP/JPY: 40 & 43 (minimum target hit)
Another easy ride with the the only GPB/JPY trade setup this morning. I was really happy with my progress this week. Furthermore I had also received many of your complimentary responses.
BTW, if you fail to make money with the system at present or in future, I'm happy to diagnose your trading situations, at my free will. No extra fees will be charged ;)
The reason I brought this up is because I had some close contacts with my joining members recently. And I found out that some of you were not executing my trade alerts properly. Some even tried to setup many trades based on yourself, and some had no patience with the open trades.
The best way to experiment my system is to run my ea program with the provided alerts. If you are not ready yet, simply run it in a demo account. The objectives are to familiarise yourself with my daytrading program and try to match the system benchmark performance. It should be alright if you could only follow the system 70%. If you could do better than me, I am also happy to hear that too...
No. of signal recommendations: 1
End-of-session results:
Crosses - GBP/JPY (+140 pips )
100-pip EA system
No. of auto-entries: 2
GBP/JPY: 40 & 43 (minimum target hit)
Another easy ride with the the only GPB/JPY trade setup this morning. I was really happy with my progress this week. Furthermore I had also received many of your complimentary responses.
BTW, if you fail to make money with the system at present or in future, I'm happy to diagnose your trading situations, at my free will. No extra fees will be charged ;)
The reason I brought this up is because I had some close contacts with my joining members recently. And I found out that some of you were not executing my trade alerts properly. Some even tried to setup many trades based on yourself, and some had no patience with the open trades.
The best way to experiment my system is to run my ea program with the provided alerts. If you are not ready yet, simply run it in a demo account. The objectives are to familiarise yourself with my daytrading program and try to match the system benchmark performance. It should be alright if you could only follow the system 70%. If you could do better than me, I am also happy to hear that too...
Thursday, 21 August 2008
Tradelist for Thursday and On a Roll
European Session
No. of signal recommendations: 3
End-of-session results:
Majors :GBP/USD (+35 pips) , EUR/USD (+60 pips) and AUD/USD (+75 pips)
100-pip System
Dynamic entries: 3
AUD/USD +40 (minimum target hit!)
EUR/USD +40 (minimum target hit!)
GBP/USD +40 (minimum target hit!)
100-pip EA Program
No. of auto-entries: 2
US Session and Late Session
No trade
The pips are rolling in...
No. of signal recommendations: 3
End-of-session results:
Majors :GBP/USD (+35 pips) , EUR/USD (+60 pips) and AUD/USD (+75 pips)
100-pip System
Dynamic entries: 3
AUD/USD +40 (minimum target hit!)
EUR/USD +40 (minimum target hit!)
GBP/USD +40 (minimum target hit!)
100-pip EA Program
No. of auto-entries: 2
US Session and Late Session
No trade
The pips are rolling in...
Wednesday, 20 August 2008
Found More Profitable Trade Setups Wednesday
European Session
No. of signal recommendations: 6
End-of-session results:
Majors :AUD/USD (+35 pips) and USD/CAD (+20 pips)
Crosses: GBP/JPY (+60 pips), EUR/JPY (+55 pips) , AUD/JPY (+35 pips) and CHF/JPY (+35 pips)
100-pip System
Dynamic entries:6
AUD/USD +40 (minimum target hit!)
CHF/JPY +100 (target hit!)
AUD/JPY +100 (target hit!)
GBP/JPY +40 (minimum target hit!)
USD/CAD
EUR/JPY +100 (target hit!)
100-pip EA Program
No. of auto-entries: 3
The major pairs were up (+55 pips) by the end of the first trading session, so were the yen crosses (+185 pips). The system really likes this type of market actions and it is pushing for a record profit in this month of August.
No. of signal recommendations: 6
End-of-session results:
Majors :AUD/USD (+35 pips) and USD/CAD (+20 pips)
Crosses: GBP/JPY (+60 pips), EUR/JPY (+55 pips) , AUD/JPY (+35 pips) and CHF/JPY (+35 pips)
100-pip System
Dynamic entries:6
AUD/USD +40 (minimum target hit!)
CHF/JPY +100 (target hit!)
AUD/JPY +100 (target hit!)
GBP/JPY +40 (minimum target hit!)
USD/CAD
EUR/JPY +100 (target hit!)
100-pip EA Program
No. of auto-entries: 3
The major pairs were up (+55 pips) by the end of the first trading session, so were the yen crosses (+185 pips). The system really likes this type of market actions and it is pushing for a record profit in this month of August.
Tuesday, 19 August 2008
3 x 100-pip Target Hit for GBP/USD, AUD/USD and GBP/JPY Tuesday
We were actively involved in the yesterday's markets. 6 out of 6 positions were winners and eventually all became risk-free trade with 40-pip gains and over. At this point, three positions had reached the final 100-pip target while two still sitting at +80 and +60.
For the 100-pip EA trading, the ea program has closed out a total of 250 pips, i.e 40 & 86 (126 pips), 40 & 27 (67 pips) and 40 & 17 (57 pips) in three different markets this week.
For the 100-pip EA trading, the ea program has closed out a total of 250 pips, i.e 40 & 86 (126 pips), 40 & 27 (67 pips) and 40 & 17 (57 pips) in three different markets this week.
Monday, 18 August 2008
Tradelist for Monday and Profitable Start to the Week
European Session
No. of signal recommendations: 6
End-of-session results:
Majors :GBP/USD (+30 pips), AUD/USD (+20 pips), USD/CHF (+35 pips), USD/CAD (+45 pips)
Crosses: GBP/JPY (+25 pips) and CHF/JPY (+20 pips)
100-pip System
Dynamic entries:6
GBP/USD +100 (target hit!)
AUD/USD +40 (minimum target hit!)
USD/CHF +40 (minimum target hit!)
USD/CAD +40 (minimum target hit!)
GBP/JPY +100 (target hit!)
CHF/JPY +40 (minimum target hit!)
100-pip EA Program
No. of auto-entries: 3
We ended up +130 pips at the end of the first trading session with the major pairs. A Good start to the week.
No. of signal recommendations: 6
End-of-session results:
Majors :GBP/USD (+30 pips), AUD/USD (+20 pips), USD/CHF (+35 pips), USD/CAD (+45 pips)
Crosses: GBP/JPY (+25 pips) and CHF/JPY (+20 pips)
100-pip System
Dynamic entries:6
GBP/USD +100 (target hit!)
AUD/USD +40 (minimum target hit!)
USD/CHF +40 (minimum target hit!)
USD/CAD +40 (minimum target hit!)
GBP/JPY +100 (target hit!)
CHF/JPY +40 (minimum target hit!)
100-pip EA Program
No. of auto-entries: 3
We ended up +130 pips at the end of the first trading session with the major pairs. A Good start to the week.
Friday, 15 August 2008
4 x 100-pip Target Hits - EUR/USD & USD/CHF & AUD/USD & AUD/JPY
Friday US Session
No. of signal recommendations: 1
End-of-session results: CHF/JPY (+10 pips)
100-pip System
Dynamic entries:1
CHF/JPY +20
Despite a slow start, we ended the week strongly with many 100-pip gains with yesterday's signals. Let's hope we can do the same again next week.
No. of signal recommendations: 1
End-of-session results: CHF/JPY (+10 pips)
100-pip System
Dynamic entries:1
CHF/JPY +20
Despite a slow start, we ended the week strongly with many 100-pip gains with yesterday's signals. Let's hope we can do the same again next week.
Thursday, 14 August 2008
Here We Go Again... Long US Dollar - part 2 ! Thursday
European Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (-15 pips), USD/CHF (+10 pips), AUD/USD (-40 pips), EUR/JPY (-55 pips) and CHF/JPY (-30 pips)
US Session
No. of signal recommendations: 2
End-of-session results: USD/CAD (+10 pips) and AUD/JPY (+55 pip)
100-pip System
Dynamic entries:5
EUR/USD +100 Target Hit !
USD/CHF +100 Target Hit !
AUD/USD +100 Target Hit !
AUD/JPY+100 Target Hit !
USD/CAD +80
The system picked up five 100-pip signals today. More importantly, it hinted the right market direction and I had a rewarding day in the forex market. Hope you did well with my issued signals too.
On the other note, my main site [scoutforex.com] is currently down. Reason unknown and I am hoping to restore the site asap.
And hopefully next week, I will be relaunching my day trading service with a newly-added "100-pip system" expert advisor feature along side the existing forex killer day trading program. New joining members will then have the option to automate the 100-pip signal trade execution routine.
No. of signal recommendations: 2
End-of-session results: EUR/USD (-15 pips), USD/CHF (+10 pips), AUD/USD (-40 pips), EUR/JPY (-55 pips) and CHF/JPY (-30 pips)
US Session
No. of signal recommendations: 2
End-of-session results: USD/CAD (+10 pips) and AUD/JPY (+55 pip)
100-pip System
Dynamic entries:5
EUR/USD +100 Target Hit !
USD/CHF +100 Target Hit !
AUD/USD +100 Target Hit !
AUD/JPY+100 Target Hit !
USD/CAD +80
The system picked up five 100-pip signals today. More importantly, it hinted the right market direction and I had a rewarding day in the forex market. Hope you did well with my issued signals too.
On the other note, my main site [scoutforex.com] is currently down. Reason unknown and I am hoping to restore the site asap.
And hopefully next week, I will be relaunching my day trading service with a newly-added "100-pip system" expert advisor feature along side the existing forex killer day trading program. New joining members will then have the option to automate the 100-pip signal trade execution routine.
Wednesday, 13 August 2008
Here We Go Again... Long US Dollar ! Wednesday
European Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (+40 pips) and USD/CHF (+40 pip)
100-pip System
Dynamic entries: 2
EUR/USD +50
USD/CHF +40
Our system scored its two winning trades for the week ! ...this month results are looking up : )
No. of signal recommendations: 2
End-of-session results: EUR/USD (+40 pips) and USD/CHF (+40 pip)
100-pip System
Dynamic entries: 2
EUR/USD +50
USD/CHF +40
Our system scored its two winning trades for the week ! ...this month results are looking up : )
Tuesday, 12 August 2008
Waiting Patiently On the Sideline Tuesday
Monday & Tuesday
No trade
Markets seemed chaotic these days. Like usual, we will wait for the right trading opportunities to appear.
No trade
Markets seemed chaotic these days. Like usual, we will wait for the right trading opportunities to appear.
Friday, 8 August 2008
US Dollar Continues to Soar Friday
European Session
No. of signal recommendations: 1
End-of-session results: GBP/JPY (+95 pip)
100-pip System
Dynamic entries: 1
GBP/JPY +90 pips
I closed all my long US dollar positions for some decent gains earlier. The system had another winning trade on its book with the yen-crosses trade at the moment.
>> Click Here for My Live Forex Trading Sessions
No. of signal recommendations: 1
End-of-session results: GBP/JPY (+95 pip)
100-pip System
Dynamic entries: 1
GBP/JPY +90 pips
I closed all my long US dollar positions for some decent gains earlier. The system had another winning trade on its book with the yen-crosses trade at the moment.
>> Click Here for My Live Forex Trading Sessions
2 X 100-pip Target Hit - USD/CHF & USD/CAD
The tick came fast and furious overnight. The system booked its 2nd and 3rd 100-pip gains of the week !
Thursday, 7 August 2008
100-pip Target Hit - EUR/USD
The Euro was hit hard once again. We picked up a nice 100-pip move in just a few hours.
Making Pips Using Market Sentiment (+170 pips) Thursday
European Session
No. of signal recommendations: 1
End-of-session results: USD/CAD (+15 pip)
US Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (+95 pips) and USD/CHF (+60 pip)
100-pip System
Dynamic entries: 2
EUR/USD +100 pips Target hit !
USD/CHF +50 pips
USD/CAD +60 pips
We finally got another opportunities to go long US dollar after yesterday's no trade. And I was pleased with today results. I'm definitely back on track for August trading. Hope you did pick up at least one or two of the issued trades.
No. of signal recommendations: 1
End-of-session results: USD/CAD (+15 pip)
US Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (+95 pips) and USD/CHF (+60 pip)
100-pip System
Dynamic entries: 2
EUR/USD +100 pips Target hit !
USD/CHF +50 pips
USD/CAD +60 pips
We finally got another opportunities to go long US dollar after yesterday's no trade. And I was pleased with today results. I'm definitely back on track for August trading. Hope you did pick up at least one or two of the issued trades.
Wednesday, 6 August 2008
Missing Opportunities on Majors Wednesday
European Session
No. of signal recommendations: 1
End-of-session results: GBP/JPY (-30 pip)
European Session
No. of signal recommendations: 2
End-of-session results: EUR/JPY(-30 pips) and CHF/JPY (0 pip)
100-pip System
Dynamic entries: 2
GBP/JPY -out
CHF/JPY -open
A good day for remaining bullish on the dollar. The forex killer signal software failed to produce the right trade entry signals on the majors today. The only good thing was that I didn't take signals against the strong trend.
No. of signal recommendations: 1
End-of-session results: GBP/JPY (-30 pip)
European Session
No. of signal recommendations: 2
End-of-session results: EUR/JPY(-30 pips) and CHF/JPY (0 pip)
100-pip System
Dynamic entries: 2
GBP/JPY -out
CHF/JPY -open
A good day for remaining bullish on the dollar. The forex killer signal software failed to produce the right trade entry signals on the majors today. The only good thing was that I didn't take signals against the strong trend.
Tuesday, 5 August 2008
Dollar Gained More Ground Tuesday
Tuesday
No trade
Monday - US Session
No. of signal recommendations: 3
End-of-session results: EUR/USD (0 pip), USD/CHF (-10) and EUR/JPY (-15 pips)
100-pip EA System (currently in trial mode)
Automatic trade entry: 3
EUR/USD +68 pips
USD/CHF +78 pips
EUR/JPY +67 pips
Sorry for the late update. In the last few days, I was busy designing an expert advisor program to help automate the dynamic trade entry and exit process for the 100-pip signals. I have already started using it with some success. I hope to get it fully ready and tested before the end of this month.
Btw, July trading report is ready for viewing.
No trade
Monday - US Session
No. of signal recommendations: 3
End-of-session results: EUR/USD (0 pip), USD/CHF (-10) and EUR/JPY (-15 pips)
100-pip EA System (currently in trial mode)
Automatic trade entry: 3
EUR/USD +68 pips
USD/CHF +78 pips
EUR/JPY +67 pips
Sorry for the late update. In the last few days, I was busy designing an expert advisor program to help automate the dynamic trade entry and exit process for the 100-pip signals. I have already started using it with some success. I hope to get it fully ready and tested before the end of this month.
Btw, July trading report is ready for viewing.
Friday, 1 August 2008
"No-Surprise" US Payrolls Data Friday
Friday
No Trade
The payrolls data was uninspiring. Today was merely a price continuation day following yesterday's strong reaction to the news releases. We still remained bullish on both the dollar and yen. Meanwhile, the open trade from yesterday is currently sitting with profit as a result of overnight sell-off in the yen-crosses market.
Here comes August. We'll start again next week.
Have a nice weekend.
No Trade
The payrolls data was uninspiring. Today was merely a price continuation day following yesterday's strong reaction to the news releases. We still remained bullish on both the dollar and yen. Meanwhile, the open trade from yesterday is currently sitting with profit as a result of overnight sell-off in the yen-crosses market.
Here comes August. We'll start again next week.
Have a nice weekend.
Thursday, 31 July 2008
Ready for Non-Farm Payrolls Action Thursday
European Session
No. of signal recommendations: 2
End-of-session results: USD/CAD (0 pip) and EUR/JPY (-40)
Dynamic entries: no
Picked up some signals but didn't enter on those. I shall wait again for the better trade setups. Looking forward for some serious actions in tomorrow non-farm payrolls job report.
US Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (-70 pips), GBP/JPY (-5 pips) and CHF/JPY (+10 pips)
100-pip System
Dynamic entries: 3
Max profits:
EUR/USD: -
GBP/JPY: +40 pips
CHF/JPY: +30 pips
An exciting day in the forex market after all. We had mixed results for our 100-pip signals after the US economic news releases. It was a perfect action day for news trading. I hope we can get another strong reaction from tomorrow NFP job report.
No. of signal recommendations: 2
End-of-session results: USD/CAD (0 pip) and EUR/JPY (-40)
Dynamic entries: no
Picked up some signals but didn't enter on those. I shall wait again for the better trade setups. Looking forward for some serious actions in tomorrow non-farm payrolls job report.
US Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (-70 pips), GBP/JPY (-5 pips) and CHF/JPY (+10 pips)
100-pip System
Dynamic entries: 3
Max profits:
EUR/USD: -
GBP/JPY: +40 pips
CHF/JPY: +30 pips
An exciting day in the forex market after all. We had mixed results for our 100-pip signals after the US economic news releases. It was a perfect action day for news trading. I hope we can get another strong reaction from tomorrow NFP job report.
Wednesday, 30 July 2008
Market Timing Issue Wednesday
European Session
No. of signal recommendations: 2
End-of-session results: GBP/JPY (-10 pips) and AUD/JPY (-15 pips)
Max potential: 30 pips
I went bottom fishing in the yen-crosses markets today. Despite having the right trade idea, I was not so lucky with the market timing. On hindsight, I should have picked those trades one session later. Despite having the trading plan in place, things were not so straight forward after all.
No. of signal recommendations: 2
End-of-session results: GBP/JPY (-10 pips) and AUD/JPY (-15 pips)
Max potential: 30 pips
I went bottom fishing in the yen-crosses markets today. Despite having the right trade idea, I was not so lucky with the market timing. On hindsight, I should have picked those trades one session later. Despite having the trading plan in place, things were not so straight forward after all.
Tuesday, 29 July 2008
100-pip Target Hit - GBP/USD
Well...this was the perfect setup for getting into long USD positions. There were many opportunities in other markets too as the US dollar gained ground today.
Profitable Trade Setup with GBP/USD Tuesday
European Session
No. of signal recommendations: 1
End-of-session results: GBP/USD (+40 pips)
Max potential: Over 40 pips
100-pip System
Dynamic entries: 1
Current profit:
GBP/USD: +100 Target hit !
>> Click Here for My Live Forex Trading Sessions
I was patiently waiting yesterday and it paid off this morning as the trade opportunity surfaced in the early trading session. We have so far locked in +175 pips for the end-of-session system with the major pairs this month.
No. of signal recommendations: 1
End-of-session results: GBP/USD (+40 pips)
Max potential: Over 40 pips
100-pip System
Dynamic entries: 1
Current profit:
GBP/USD: +100 Target hit !
>> Click Here for My Live Forex Trading Sessions
I was patiently waiting yesterday and it paid off this morning as the trade opportunity surfaced in the early trading session. We have so far locked in +175 pips for the end-of-session system with the major pairs this month.
Monday, 28 July 2008
Patiently Waiting and Potential Trend Change Monday
Monday
No Trade
The US dollar was weakening in today's market action. Based on our latest technical bias, we'll be positioning ourselves to get into long US dollar positions this week.
Another trend score from Smart Scan Chart Analysis also confirms that positive longer term is weakening for EUR/USD. The market action could signal the start of a major trend change. Hence a weak uptrend. See the statistics below:
Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
No Trade
The US dollar was weakening in today's market action. Based on our latest technical bias, we'll be positioning ourselves to get into long US dollar positions this week.
Another trend score from Smart Scan Chart Analysis also confirms that positive longer term is weakening for EUR/USD. The market action could signal the start of a major trend change. Hence a weak uptrend. See the statistics below:
Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
Sunday, 27 July 2008
Profits vs. Drawdowns for Forex Autopilot, Bogie and Tracer EAs
We still have four trading days left for the month of July. For my record, it's going to be another profitable month for both my Forex Autopilot and Bogie expert advisor trading. I'll be reviewing their individual performance again at the end of the month.
Here is my last month's review (first posted on my main site):
---------------------------------------------------------------------------------
In general, June was a very good month for trading. There were a a lot of sizable moves intraday and overnight reactions which stirred up the forex markets. Euro (EUR/USD) was the most interesting pair to watch since it recorded its historical high back in late April. Since then, it has entered into a consolidation phase.
I have three expert advisors which all auto-trade the same EUR/USD market, i.e. Forex Autopilot (FAPS), Forex Tracer and Bogie but on different time periods. I will show you how they all fair in the month of June. For comparison, all three were assigned with with same account level at the start of the month. Initial deposit: $1000; Fixed lot size: 0.1 lot. Here are their end results:
1st place: Bogie-NN-v8 end balance $2434 (143.4%) Approx. +1434 pips
2nd place: FAPS end-balance $1169 (+16.9%) Approx. +169 pips
3rd place: Tracer end balance $903 (-9.7%) Approx. -97 pips
Final remarks:
1) Compared to previous month results, FAPS was slightly underperformed this month, but its overall results since the start of the year were impressive. June was the fifth profitable month of this year.
2) Bogie-NN-v8 had a very strong month in June as it outperformed others during this market phase. At many occasions, it did superbly by selling at the tops and buying at the lows.
3) Tracer was recently launched. Unlike FAPS, it uses a fixed stop loss level of 250 pips, thus giving you the comfort of knowing its risk limit. Unfortunately, June was a volatile month which in turn resulted the EA to hit the bump twice. Despite all that, Tracer EA showed great resilience and nearly made it back to the positive.
I am not sure what July will bring, but i have high hopes on three of them. If the current trend continues, Bogie is the one to look out for. If the Euro continues to gain momentum towards the upside, FAPS and Tracer should be back to exhibiting their real strengths.
Here is my last month's review (first posted on my main site):
---------------------------------------------------------------------------------
In general, June was a very good month for trading. There were a a lot of sizable moves intraday and overnight reactions which stirred up the forex markets. Euro (EUR/USD) was the most interesting pair to watch since it recorded its historical high back in late April. Since then, it has entered into a consolidation phase.
I have three expert advisors which all auto-trade the same EUR/USD market, i.e. Forex Autopilot (FAPS), Forex Tracer and Bogie but on different time periods. I will show you how they all fair in the month of June. For comparison, all three were assigned with with same account level at the start of the month. Initial deposit: $1000; Fixed lot size: 0.1 lot. Here are their end results:
1st place: Bogie-NN-v8 end balance $2434 (143.4%) Approx. +1434 pips
2nd place: FAPS end-balance $1169 (+16.9%) Approx. +169 pips
3rd place: Tracer end balance $903 (-9.7%) Approx. -97 pips
| EA Performance (Jun' 08) | Bogie | Tracer | FAPS |
| Time period | H1 | M30 | M1 |
| Stop loss used | 200 | 250 | --- |
| Absolute drawdown (% from initial deposit) | -3.6 | -24.9 | -28.7 |
| Maximal drawdown (in term of pips) | <100> | 250 | >500 |
| Final profits (in term of pips) | +1434 | -91 | +169 |
Final remarks:
1) Compared to previous month results, FAPS was slightly underperformed this month, but its overall results since the start of the year were impressive. June was the fifth profitable month of this year.
2) Bogie-NN-v8 had a very strong month in June as it outperformed others during this market phase. At many occasions, it did superbly by selling at the tops and buying at the lows.
3) Tracer was recently launched. Unlike FAPS, it uses a fixed stop loss level of 250 pips, thus giving you the comfort of knowing its risk limit. Unfortunately, June was a volatile month which in turn resulted the EA to hit the bump twice. Despite all that, Tracer EA showed great resilience and nearly made it back to the positive.
I am not sure what July will bring, but i have high hopes on three of them. If the current trend continues, Bogie is the one to look out for. If the Euro continues to gain momentum towards the upside, FAPS and Tracer should be back to exhibiting their real strengths.
Friday, 25 July 2008
Missed Opportunities and Price Reversal with Yen-Crosses Pairs Friday
Friday
No trade
I've been picking up a lot of long signals in the yen-crosses markets lately with the fk software. Looking at the market movements today and the possible trade setups this morning, I was really sorry to say that we'd just missed some golden opportunities to score a few hundred pips for the 100-pip system, as the yen-crosses pairs rebounded with the price reversal pattern.
It happened on the day after our techincal bias was switched to the neutral stance, given a score of (44 -56). If we'd stayed a day longer, we'd be in the money.
Amyway, looking forward to next week trading.
No trade
I've been picking up a lot of long signals in the yen-crosses markets lately with the fk software. Looking at the market movements today and the possible trade setups this morning, I was really sorry to say that we'd just missed some golden opportunities to score a few hundred pips for the 100-pip system, as the yen-crosses pairs rebounded with the price reversal pattern.
It happened on the day after our techincal bias was switched to the neutral stance, given a score of (44 -56). If we'd stayed a day longer, we'd be in the money.
Amyway, looking forward to next week trading.
Thursday, 24 July 2008
Picking Up Yen-Crosses Signals Thursday
European Session
No. of signal recommendations: 3
End-of-session results: EUR/JPY (-10 pips), AUD/JPY (+35 pips) and CHF/JPY (+5 pips)
Max potential: Over 70 pips
US session
No. of signal recommendations: 1
End-of-session results:GBP/JPY (-40 pips)
Max potential: 10 pips
100-pip System
Dynamic entries: 1
Max profit:
AUD/JPY: +20
>> Click Here for My Live Forex Trading Sessions !
Plenty of yen-crosses trades this week. I stayed conservative today, with only one 100-pip trade setup on the AUD/JPY signal and with minimum risk exposure. Unfortunately, we had a mini sell-off in the late afternoon. A tough day to be in the market but I did OK.
No. of signal recommendations: 3
End-of-session results: EUR/JPY (-10 pips), AUD/JPY (+35 pips) and CHF/JPY (+5 pips)
Max potential: Over 70 pips
US session
No. of signal recommendations: 1
End-of-session results:GBP/JPY (-40 pips)
Max potential: 10 pips
100-pip System
Dynamic entries: 1
Max profit:
AUD/JPY: +20
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Plenty of yen-crosses trades this week. I stayed conservative today, with only one 100-pip trade setup on the AUD/JPY signal and with minimum risk exposure. Unfortunately, we had a mini sell-off in the late afternoon. A tough day to be in the market but I did OK.
Wednesday, 23 July 2008
Mixed Performance in Yen-Crosses Markets Wednesday
US Session
No. of signal recommendations: 2
End-of-session results: AUD/JPY (-20 pips) and CHF/JPY (-30 pips)
Max potential: 10 pips
European and Late Session
No trade
I saw mixed performance from the yen-crosses pairs today. Despite having the right technical bias and trade signals, I felt that my timing was slightly off in the current market situations.
No. of signal recommendations: 2
End-of-session results: AUD/JPY (-20 pips) and CHF/JPY (-30 pips)
Max potential: 10 pips
European and Late Session
No trade
I saw mixed performance from the yen-crosses pairs today. Despite having the right technical bias and trade signals, I felt that my timing was slightly off in the current market situations.
Tuesday, 22 July 2008
Yen-Crosses Continue Higher Tuesday
US Session
No. of signal recommendations: 2
End-of-session results: EUR/JPY (+30 pips) and CHF/JPY (+5 pips)
Max potential: Over 50 pips !
The Japanese Yen crosses are still higher today thanks to the recent recovery in US stocks.
No. of signal recommendations: 2
End-of-session results: EUR/JPY (+30 pips) and CHF/JPY (+5 pips)
Max potential: Over 50 pips !
The Japanese Yen crosses are still higher today thanks to the recent recovery in US stocks.
Monday, 21 July 2008
Profitable Start to the Week Monday
European Session
No. of signal recommendations : 1
End-of-session results: USD/CHF (+20 pips)
Max potential: Over 40 pips !
The PPI news came out in tune with our technical bias. An easy ride for over 40-pip gains during the session.
No. of signal recommendations : 1
End-of-session results: USD/CHF (+20 pips)
Max potential: Over 40 pips !
The PPI news came out in tune with our technical bias. An easy ride for over 40-pip gains during the session.
Sunday, 20 July 2008
News Trading Calendar 21.07.08 - 25.07.08
A modest week with economic data and we remain bearish on the US dollar. Let's hope we can pick up some good entries during our intraday scans.
Monday - 21 July (quoted in UK time)
8.15 am CHF PPI
Tuesday - 22 July
1.30 pm CAD Retail Sales
Wednesday - 23 July
9.30 am GBP MPC Meeting Minutes
11 am GBP CBI Industrial Orders
12 pm CAD CPI
Thursday - 24 July
9.00 am EUR German Ifo Business Climate Index
9.30 am GBP Retail Sales
3.00 pm USD Existing Home Sales
Friday - 25 July
9.30 am GBP Prelim GDP
1.30 pm USD Durable Goods Orders
3.00 pm USD New Home Sales
Monday - 21 July (quoted in UK time)
8.15 am CHF PPI
Tuesday - 22 July
1.30 pm CAD Retail Sales
Wednesday - 23 July
9.30 am GBP MPC Meeting Minutes
11 am GBP CBI Industrial Orders
12 pm CAD CPI
Thursday - 24 July
9.00 am EUR German Ifo Business Climate Index
9.30 am GBP Retail Sales
3.00 pm USD Existing Home Sales
Friday - 25 July
9.30 am GBP Prelim GDP
1.30 pm USD Durable Goods Orders
3.00 pm USD New Home Sales
Saturday, 19 July 2008
This Week (14 - 18 July) Performance Overview
A brief recap on the major pair results:
Monday No Trade
Tuesday No Trade
Wednesday +25 pips
Thursday +70 pips
Friday No Trade
Monday No Trade
Tuesday No Trade
Wednesday +25 pips
Thursday +70 pips
Friday No Trade
We're up +95 pips for the week, and only +115 pips for the month on the major pairs with the main trading system.
July has been a tough month for trading due to recent financial chaos caused by the possible demise of Fannie Mae and Freddie Mac. I believe the financial and oil market situations will continue to set the tone for the forex markets for the rest of this month.
My advise is to trade the conservative major pairs and avoid volatile yen-crosses pairs during this period of financial instability. Always book easy profits and never let winners turning into losers. Choppy market conditions are set to continue.
There are still two weeks of trading left in this month. I would very much like to see July to be the sixth consecutive profitable month since the launch back in February.
July has been a tough month for trading due to recent financial chaos caused by the possible demise of Fannie Mae and Freddie Mac. I believe the financial and oil market situations will continue to set the tone for the forex markets for the rest of this month.
My advise is to trade the conservative major pairs and avoid volatile yen-crosses pairs during this period of financial instability. Always book easy profits and never let winners turning into losers. Choppy market conditions are set to continue.
There are still two weeks of trading left in this month. I would very much like to see July to be the sixth consecutive profitable month since the launch back in February.
Thursday, 17 July 2008
Profitable Start with the Majors and Choppy Markets Thursday
European Session
No. of signal recommendations : 4
End-of-session results: GBP/USD (+50 pips), EUR/USD (+25 pips), USD/CHF (0 pip) and USD/JPY (-5 pips)
Max potential: Over 110 pips !
End-of-session results: +70 pips for the majors today.
For the 100-pip system, choppy market conditions caused many of the dynamic stops to be triggered. In general, I use 2 x risk profit target. Despite a great start, trading conditions have evolved from pretty straightforward to downright non-tradable later in the day.
No. of signal recommendations : 4
End-of-session results: GBP/USD (+50 pips), EUR/USD (+25 pips), USD/CHF (0 pip) and USD/JPY (-5 pips)
Max potential: Over 110 pips !
End-of-session results: +70 pips for the majors today.
For the 100-pip system, choppy market conditions caused many of the dynamic stops to be triggered. In general, I use 2 x risk profit target. Despite a great start, trading conditions have evolved from pretty straightforward to downright non-tradable later in the day.
Wednesday, 16 July 2008
One EUR/USD Trade Wednesday
European Session
No. of signal recommendations: 1
End-of-session results: EUR/USD (+25 pips)
Max potential: Over 35 pips
US and Late Sessions
No trade
100-pip System
Dynamic entries: 1
Current profit:
EUR/USD: +40
The system continues to do well with the EUR/USD trades. As observed a few times over the last two weeks, trading conditions have been tricky and are greatly affectly by the heavy decline in the financial markets. Today, I had only one conservative, breakeven trade setup with the euro which gave me 40-pip profit almost instantly.
No. of signal recommendations: 1
End-of-session results: EUR/USD (+25 pips)
Max potential: Over 35 pips
US and Late Sessions
No trade
100-pip System
Dynamic entries: 1
Current profit:
EUR/USD: +40
The system continues to do well with the EUR/USD trades. As observed a few times over the last two weeks, trading conditions have been tricky and are greatly affectly by the heavy decline in the financial markets. Today, I had only one conservative, breakeven trade setup with the euro which gave me 40-pip profit almost instantly.
Tuesday, 15 July 2008
Dollar Under Siege and Yen-Crosses Sell-off Tuesday
European Session
No. of signal recommendations: 2
End-of-session results: EUR/JPY (-70 pips) and CHF/JPY (+10 pips)
Max potential: Over 35 pips
US Session
No. of signal recommendations: 2
End-of-session results: GBP/JPY (-70 pips) and AUD/JPY (-10 pips)
Max potential: -
100-pip System
Dynamic entries: 1
Current profit:
CHF/JPY +10
An action-packed day from the start of the Asian session, with the Euro rallied to a record high in London Session. There was no automated trade setup with the major pairs today.
We had only one 100-pip trade setup on one of the yen-crosses signals. I purposely missed out the rest due to the unimproved trade entry condition. It was the right decision as the yen-crosses were heavily sold-off later in the day.
No. of signal recommendations: 2
End-of-session results: EUR/JPY (-70 pips) and CHF/JPY (+10 pips)
Max potential: Over 35 pips
US Session
No. of signal recommendations: 2
End-of-session results: GBP/JPY (-70 pips) and AUD/JPY (-10 pips)
Max potential: -
100-pip System
Dynamic entries: 1
Current profit:
CHF/JPY +10
An action-packed day from the start of the Asian session, with the Euro rallied to a record high in London Session. There was no automated trade setup with the major pairs today.
We had only one 100-pip trade setup on one of the yen-crosses signals. I purposely missed out the rest due to the unimproved trade entry condition. It was the right decision as the yen-crosses were heavily sold-off later in the day.
Monday, 14 July 2008
Waiting for Action Monday
Monday
No Trade
Despite the initial pullback, Euro, Sterling and other non-US currencies continued with their previous day trends to rally against the dollar in the later sessions. We made the right bias today but were not involved in today's action.
On the other note, we just missed out on the GBP/JPY trade by a few pips as the market indeed moved towards the projected the 100-pip level. Nonetheless, it was a risk-free breakeven trade for the set TPs = 80 and 100. Profits were secured if using lower TP targets of 40 and 60 pips .
No Trade
Despite the initial pullback, Euro, Sterling and other non-US currencies continued with their previous day trends to rally against the dollar in the later sessions. We made the right bias today but were not involved in today's action.
On the other note, we just missed out on the GBP/JPY trade by a few pips as the market indeed moved towards the projected the 100-pip level. Nonetheless, it was a risk-free breakeven trade for the set TPs = 80 and 100. Profits were secured if using lower TP targets of 40 and 60 pips .
Friday, 11 July 2008
Dollar Slumps and Late Winner Friday
European Session
No. of signal recommendations: 1
End-of-session results: AUD/USD (-20 pips)
The markets finally woke up after a long sleep. Today, we saw the US dollar index sank to the lowest level since 23 April. Unfortunately this time round, the "system" failed to spot those extraordinary trading opportunities in the US dollar markets.
Late Session
No. of signal recommendations: 1
End-of-session results: GBP/JPY (+40 pips)
100-pip System
Dynamic entries: 1
Max profits:
GBP/JPY +70
We ended this week trading with a late winner in the yen-crosses market.
No. of signal recommendations: 1
End-of-session results: AUD/USD (-20 pips)
The markets finally woke up after a long sleep. Today, we saw the US dollar index sank to the lowest level since 23 April. Unfortunately this time round, the "system" failed to spot those extraordinary trading opportunities in the US dollar markets.
Late Session
No. of signal recommendations: 1
End-of-session results: GBP/JPY (+40 pips)
100-pip System
Dynamic entries: 1
Max profits:
GBP/JPY +70
We ended this week trading with a late winner in the yen-crosses market.
Thursday, 10 July 2008
Dealing the Wrong Markets Thursday
European Session
No. of signals recommendations: 2
End-of-session results: GBP/JPY (-15 pips) and AUD/JPY (-30 pips)
US Session
No. of signals recommendations: 1
End-of-session results: EUR/JPY (-15 pips)
Well, everything was quiet on the economic front, but soon after Paulson comments, the dollar slipped. We were not involved in the US dollar markets today but had some tough time dealing with the choppy conditions as seen in the yen-crosses pairs.
No. of signals recommendations: 2
End-of-session results: GBP/JPY (-15 pips) and AUD/JPY (-30 pips)
US Session
No. of signals recommendations: 1
End-of-session results: EUR/JPY (-15 pips)
Well, everything was quiet on the economic front, but soon after Paulson comments, the dollar slipped. We were not involved in the US dollar markets today but had some tough time dealing with the choppy conditions as seen in the yen-crosses pairs.
Wednesday, 9 July 2008
Trading Sideways Markets with Caution Wednesday
European Session
No. of signal recommendations: 1
End-of-session results: EUR/USD (+10 pips)
Max potential: Over 40 pips !
100-pip System
Dynamic entries: 1
Max profits:
EUR/USD +30
Many of the markets are currently moving in the sideways direction. The sideways actions gave us some fast pips this week. And this trend may continue further. It is best to lock in profits while ahead.
No. of signal recommendations: 1
End-of-session results: EUR/USD (+10 pips)
Max potential: Over 40 pips !
100-pip System
Dynamic entries: 1
Max profits:
EUR/USD +30
Many of the markets are currently moving in the sideways direction. The sideways actions gave us some fast pips this week. And this trend may continue further. It is best to lock in profits while ahead.
Tuesday, 8 July 2008
Back to Work and Mixed Performance Tuesday
Europe Session
No. of signal recommendations: 2
End-of-session results: GBP/USD (+40 pips) and USD/CAD (-10 pips)
Max potential: Over 100 pips !
100-pip System
Dynamic entries: 2
Max profits:
GBP/USD +40 (out)
USD/CAD +20 (out)
We resumed trading after a brief holiday pause. Not a bad start today - the first two signals of the week immediately produced over 100 pips during the early session before the midday price reversal. Unfortunate for the 100-pip system, GBP/USD was stopped at b/e, while USD/CAD was a loser today after recording two consecutive 100-pip gains back on 27 June and 2 July.
Btw, last month June trading report is ready for viewing.
No. of signal recommendations: 2
End-of-session results: GBP/USD (+40 pips) and USD/CAD (-10 pips)
Max potential: Over 100 pips !
100-pip System
Dynamic entries: 2
Max profits:
GBP/USD +40 (out)
USD/CAD +20 (out)
We resumed trading after a brief holiday pause. Not a bad start today - the first two signals of the week immediately produced over 100 pips during the early session before the midday price reversal. Unfortunate for the 100-pip system, GBP/USD was stopped at b/e, while USD/CAD was a loser today after recording two consecutive 100-pip gains back on 27 June and 2 July.
Btw, last month June trading report is ready for viewing.
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