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US Session
No. of signal recommendations: 1
End-of-session results: USD/CAD (-25 pips)
Maximum potential: 20
>> Click Here For My Live Forex Trading Sessions
The actions were mixed even after some dollar positive news. As a result, the system had to endure a minor loss in this session. And basically, this summed up the month of April.
In my book, this April was a tough month for forex trading. I've noticed that most of the markets were moving based on their own strength and out of sync. There was little correlation between the majors pairs. Euro made new highs while Sterling weakened. Loonie went nowhere while Yen was choppy. Also, the intraday economic news seemed not so important while most of the markets were moving to the extended level and only did reversal in late and quiet sessions.
Wednesday 30 April 2008
100-pip Target Hit - AUD/JPY
It's doable, in less than 20 hours - with this late session entry on AUD/JPY.
First, I made it into a zero-risk trade using the dynamic stops system, and then aimed for the 100-pip target.
First, I made it into a zero-risk trade using the dynamic stops system, and then aimed for the 100-pip target.
Tuesday 29 April 2008
Continuous Sell-off in the Yen Crosses and Late Rebound Tuesday
Europe Session
No. of signal recommendations: 2
End-of-session results: GBP/JPY (-70 pips SL) and CHF/JPY (0 pips)
Maximum potential: 10
US Session
No. of signal recommendations: 2
End-of-session results: EUR/JPY (-25 pips) and USD/JPY (-20 pips)
Maximum potential: 10
Late Session
No. of signal recommendations: 1
End-of-session results: AUD/JPY (+30 pips)
Maximum potential: 35
>> Click Here For My Live Forex Trading Sessions
One of those days again. I couldn't even time myself right with these kind of market actions in the early sessions. The system was not scoring well with the yen-crosses today but I managed to pick up a late consolation (I'm going to trail this position overnight to hit the maximum target) .
The major pairs are up +70 pips for the month with one day to go. I will put up a report for April soon. If anyone wish to sign up my day trading service before 30 April, you'll be able to enjoy the current monthly subscription of just $55 throughout your membership till you decided to end.
No. of signal recommendations: 2
End-of-session results: GBP/JPY (-70 pips SL) and CHF/JPY (0 pips)
Maximum potential: 10
US Session
No. of signal recommendations: 2
End-of-session results: EUR/JPY (-25 pips) and USD/JPY (-20 pips)
Maximum potential: 10
Late Session
No. of signal recommendations: 1
End-of-session results: AUD/JPY (+30 pips)
Maximum potential: 35
>> Click Here For My Live Forex Trading Sessions
One of those days again. I couldn't even time myself right with these kind of market actions in the early sessions. The system was not scoring well with the yen-crosses today but I managed to pick up a late consolation (I'm going to trail this position overnight to hit the maximum target) .
The major pairs are up +70 pips for the month with one day to go. I will put up a report for April soon. If anyone wish to sign up my day trading service before 30 April, you'll be able to enjoy the current monthly subscription of just $55 throughout your membership till you decided to end.
Monday 28 April 2008
Controlled and Good Start +95 pips Monday
Europe Session
No trade
US Sessions
No. of signal recommendations: 4
End-of-session results: GBP/USD (-15 pips), EUR/USD(+55 pips) , AUD/USD (+25 pips) and USD/CHF (+30 pips)
Maximum potential: 0ver 130 pips !
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100-pip System with Dynamic Stops
No. of signals with improved entry: 4
Running risks: 31 pips (out), zero risk x 2, 32 pips
Best mid-point exits: +60, +20, +40
End-of day profits:-
>> Click Here For My Live Forex Trading Sessions
No trade
US Sessions
No. of signal recommendations: 4
End-of-session results: GBP/USD (-15 pips), EUR/USD(+55 pips) , AUD/USD (+25 pips) and USD/CHF (+30 pips)
Maximum potential: 0ver 130 pips !
-----
100-pip System with Dynamic Stops
No. of signals with improved entry: 4
Running risks: 31 pips (out), zero risk x 2, 32 pips
Best mid-point exits: +60, +20, +40
End-of day profits:-
>> Click Here For My Live Forex Trading Sessions
Friday 25 April 2008
Dynamic Stops System To Improve Reward-to-Risk Ratio
I am already running a Dynamic-Stop System utilising the existing FK day trading system to get better entries and exits. Considering the amount of efforts being put in to monitor the running positions and provide dynamic stops throughout the day, I am setting a high target of 100 pips per signal. My objectives are to trail the stops to zero risk and aimed at producing maximum rewards. Mid-point exits are also provided to those who want to score immediate short-term profits.
You can follow these signals on the member site at anytime of the day. Simply compare the current price of the open positions with the provided dynamic stop loss levels. If you like what you see, join in and we will take ride on these signals together. As usual, you will also receive my fixed-session trading signals.
(New !) 100-pip target system with dynamic stops and mid-point exits
No. of signals with improved condition entry: 3
Dynamic SL levels: 35 pips, 43 pips, 18 pips (running) - instead of the usual 7o pips !
Europe Session
No. of signal recommendations: 3
End-of-session results: EUR/JPY (-70 pips SL), AUD/JPY(-60 pips) and CHF/JPY (-5 pips)
Comment: As example, these forex killer signals were used as the first condition filter for the new dynamic-stop system ! Rather than entering immediately and being stopped out, I was able to pick up better entry levels. As a result, the dynamic-stop positons were still in play and with less risk exposure (see above) !
US Sessions
No. of signal recommendations: 1
End-of-session results: GBP/USD (+15 pips )
Maximum potential: 35
>> Click Here For My Live Forex Trading Sessions
You can follow these signals on the member site at anytime of the day. Simply compare the current price of the open positions with the provided dynamic stop loss levels. If you like what you see, join in and we will take ride on these signals together. As usual, you will also receive my fixed-session trading signals.
(New !) 100-pip target system with dynamic stops and mid-point exits
No. of signals with improved condition entry: 3
Dynamic SL levels: 35 pips, 43 pips, 18 pips (running) - instead of the usual 7o pips !
Europe Session
No. of signal recommendations: 3
End-of-session results: EUR/JPY (-70 pips SL), AUD/JPY(-60 pips) and CHF/JPY (-5 pips)
Comment: As example, these forex killer signals were used as the first condition filter for the new dynamic-stop system ! Rather than entering immediately and being stopped out, I was able to pick up better entry levels. As a result, the dynamic-stop positons were still in play and with less risk exposure (see above) !
US Sessions
No. of signal recommendations: 1
End-of-session results: GBP/USD (+15 pips )
Maximum potential: 35
>> Click Here For My Live Forex Trading Sessions
Thursday 24 April 2008
Euro Free Fall But Positive Results Thursday
Europe & US Sessions
No trade
Late Session
No. of signal recommendations: 3
End-of-session results: EUR/JPY (+15 pips), AUD/JPY(+10 pips) and CHF/JPY (-15 pips)
Maximum potential: 70 pips
Based on the latest sentiments, we stayed away from the major pairs today ! The Euro took a big hit and down over 200 pips in today action alone.
I was trialing a new and additional trade entry system on the member site. Besides the in-house stop loss and take profit levels, I hope to improve on trade entry and provide dynamic SL and TP levels throughout the day. I had some fun using the system. Good testing day with instant positive results. For those who wanna aim for 10 - 20 pips, this may also be a good system. And we were riding on the positions before the trend finally exhausted. It was interesting to note that the new system didn't enter on the CHF/JPY market from start to finish.
No trade
Late Session
No. of signal recommendations: 3
End-of-session results: EUR/JPY (+15 pips), AUD/JPY(+10 pips) and CHF/JPY (-15 pips)
Maximum potential: 70 pips
Based on the latest sentiments, we stayed away from the major pairs today ! The Euro took a big hit and down over 200 pips in today action alone.
I was trialing a new and additional trade entry system on the member site. Besides the in-house stop loss and take profit levels, I hope to improve on trade entry and provide dynamic SL and TP levels throughout the day. I had some fun using the system. Good testing day with instant positive results. For those who wanna aim for 10 - 20 pips, this may also be a good system. And we were riding on the positions before the trend finally exhausted. It was interesting to note that the new system didn't enter on the CHF/JPY market from start to finish.
Wednesday 23 April 2008
Fine-Tuning Your Forex Killer Signal Entry and Exit
It is possible to perform a simple chart reading technique to fine tune the entry and exit levels of any forex killer signals on the longer time frames.
As one of the objectives, I wish to share whatever I can share with you and hope you can learn whatever I learn. I am currently contemplating on how to add a new section to implement the extra information from my chart analysis onto our day trading template/spreadsheet.
(Update: Done. Please check the day trading manual and stay tune for more updates.)
Relevant post:
Dynamic stops system to improve reward-to-risk ratio
As one of the objectives, I wish to share whatever I can share with you and hope you can learn whatever I learn. I am currently contemplating on how to add a new section to implement the extra information from my chart analysis onto our day trading template/spreadsheet.
(Update: Done. Please check the day trading manual and stay tune for more updates.)
Relevant post:
Dynamic stops system to improve reward-to-risk ratio
Losing Momentum Wednesday
Europe
No trade
US Session
No. of signal recommendations: 1
End-of-session results: USD/CHF (-70 pips SL)
Maximum potential: 5
Chart attached:
It seemed all lost if you took this forex killer short signal on the USD/CHF (indicated by the red arrow). On second thought, we can actually do something about it by minimising the losses to less than 10 pips. Check out my simple chart reading technique on find out how to fine tune your forex killer trade entries and exits.
Late Session
No. of signal recommendations: 1
End-of-session results: CHF/JPY (-5 pips)
Maximum potential: 10
Click Here For My Live Forex Trading Sessions!
No trade
US Session
No. of signal recommendations: 1
End-of-session results: USD/CHF (-70 pips SL)
Maximum potential: 5
Chart attached:
It seemed all lost if you took this forex killer short signal on the USD/CHF (indicated by the red arrow). On second thought, we can actually do something about it by minimising the losses to less than 10 pips. Check out my simple chart reading technique on find out how to fine tune your forex killer trade entries and exits.
Late Session
No. of signal recommendations: 1
End-of-session results: CHF/JPY (-5 pips)
Maximum potential: 10
Click Here For My Live Forex Trading Sessions!
Tuesday 22 April 2008
Yen Crosses Fired Up & Record High for Euro Tuesday
European Session
No. of signal recommendations: 3
End-of-session results: GBP/JPY (+110 pips), EUR/JPY (+120 pips) and AUD/JPY (+40 pips)
Maximum potential: Over 280 pips !
US and Late Sessions
No trade
Click Here to Join My Live Forex Trading Sessions
While we remained neutral bias on the US dollar, our system has pulled up some surprises this morning. The system scored some strong results on the yen-crosses currency pairs, i.e. +270 pips by the end of london session.
It was also interesting to note that the Euro hit a record high today, finally breaching the 1.6000 barrier for the first time. Here is the Euro chart this morning which gave me an idea to go long.
No. of signal recommendations: 3
End-of-session results: GBP/JPY (+110 pips), EUR/JPY (+120 pips) and AUD/JPY (+40 pips)
Maximum potential: Over 280 pips !
US and Late Sessions
No trade
Click Here to Join My Live Forex Trading Sessions
While we remained neutral bias on the US dollar, our system has pulled up some surprises this morning. The system scored some strong results on the yen-crosses currency pairs, i.e. +270 pips by the end of london session.
It was also interesting to note that the Euro hit a record high today, finally breaching the 1.6000 barrier for the first time. Here is the Euro chart this morning which gave me an idea to go long.
Monday 21 April 2008
USD at Crossroads Monday
Europe & US Sessions
No trade
The USD dollar market sentiment was split at 52-48 over the weekend. Hence, we remained neutral on the dollar for now and were not generating any buy/sell signals for the major pairs today. Click here to check out the price action of GBP/USD and EUR/USD this morning and you will understand why the USD is currently at crossroads.
Late Session
(Open for yen-crosses pairs)
No. of signal recommendations: 1
End-of-session results: GBP/JPY (+10 pips)
Maximum potential: Over 80 pips !
Click Here For My Live Forex Trading Sessions!
No trade
The USD dollar market sentiment was split at 52-48 over the weekend. Hence, we remained neutral on the dollar for now and were not generating any buy/sell signals for the major pairs today. Click here to check out the price action of GBP/USD and EUR/USD this morning and you will understand why the USD is currently at crossroads.
Late Session
(Open for yen-crosses pairs)
No. of signal recommendations: 1
End-of-session results: GBP/JPY (+10 pips)
Maximum potential: Over 80 pips !
Click Here For My Live Forex Trading Sessions!
Saturday 19 April 2008
Trades Setup with 44 - 56 / 56 - 44 and First System Optimisation April
One of my system users notified me that most of my forex killer trade setups were generally good except those with the market sentiment percentage of 44 -56% or 56 -44%. On those days, the system was greatly underperforming. Hence, I went back to my trade history and checked on my past statistics. I totally agreed with him and thanks for the tip ! I found that the numbers are indeed astounding.
First, let me do a trade breakdown on days with either 44-56 or 56-44 on the major pairs:
Feb 15: 1 trade: -20 pips (-20 for the day) / Also coincided with yen-crosses sell-off
Feb 19: 4 trades: -15, +5 +60, -45 (+5) /Coincided with gbp/jpy stopped out
March: None
April 1: No trade
April 4: 4 trades: 45, +5, -45, +5 (+10) / Coincided with non-farm payroll day
April 15: 1 trade: -15 pips (-15) / Coincided with another gbp/jpy stopped out
April 16: 3 trades:-10, -50, -15 (-75) / Abnormal market movements
April 18: 3 trades: -70, -70, +40 (-100) / Coincided with another gbp/jpy wild day
Here are the facts:
(1) By the end of week 9, we have 7 days with 44-56% or 56-44%. 5 from this month alone, which has somehow affected this month performance.
(2) 10 out 16 trades are losers, only 2 out of 7 days are actually profitable
(3) Moreover, the biggest day win is only +10 pips, while the biggest day loss is -100 pips.
Looking at these facts, I am not that surprised now because these market sentiment values (of less than 60%) simply suggest that most of the markets are basically out of sync and not correlated well with each other. Obviously, this is not good for the system which exploits the underlying trend.
Based on the above statistics, I will perform my first optimisation of the system by setting non-tradable conditions on those days (with sentimet value between 44 -56) in future. I will observe the markets as usual and more trading statistics will be added here. In such days, markets are expected to be in crossroad and with increasing price volatility - see above - I used GBP/JPY market as an example. Now that I have checked, I could even score better results with the yen-crosses markets !
Make sure you don't miss out my easy approach to tackle the exciting forex market:
>> Learn to Day Trade the Forex Market Using Automation
>> Click Here to Follow My Live Forex Day Trading Sessions!
First, let me do a trade breakdown on days with either 44-56 or 56-44 on the major pairs:
Feb 15: 1 trade: -20 pips (-20 for the day) / Also coincided with yen-crosses sell-off
Feb 19: 4 trades: -15, +5 +60, -45 (+5) /Coincided with gbp/jpy stopped out
March: None
April 1: No trade
April 4: 4 trades: 45, +5, -45, +5 (+10) / Coincided with non-farm payroll day
April 15: 1 trade: -15 pips (-15) / Coincided with another gbp/jpy stopped out
April 16: 3 trades:-10, -50, -15 (-75) / Abnormal market movements
April 18: 3 trades: -70, -70, +40 (-100) / Coincided with another gbp/jpy wild day
Here are the facts:
(1) By the end of week 9, we have 7 days with 44-56% or 56-44%. 5 from this month alone, which has somehow affected this month performance.
(2) 10 out 16 trades are losers, only 2 out of 7 days are actually profitable
(3) Moreover, the biggest day win is only +10 pips, while the biggest day loss is -100 pips.
Looking at these facts, I am not that surprised now because these market sentiment values (of less than 60%) simply suggest that most of the markets are basically out of sync and not correlated well with each other. Obviously, this is not good for the system which exploits the underlying trend.
Based on the above statistics, I will perform my first optimisation of the system by setting non-tradable conditions on those days (with sentimet value between 44 -56) in future. I will observe the markets as usual and more trading statistics will be added here. In such days, markets are expected to be in crossroad and with increasing price volatility - see above - I used GBP/JPY market as an example. Now that I have checked, I could even score better results with the yen-crosses markets !
Make sure you don't miss out my easy approach to tackle the exciting forex market:
>> Learn to Day Trade the Forex Market Using Automation
>> Click Here to Follow My Live Forex Day Trading Sessions!
Friday 18 April 2008
Out of Sync & Wild Day Friday
European Session
No trade
US Session
No. of signal recommendations: 3
End-of-session results: EUR/USD (-70 pips SL), USD/CHF (-70 pips SL) & USD/CAD (+40 pips)
Maximum potential: 70 pips
Market sentiment value: 44-56% (meaning)
I have added a new category to reflect sentiments of the market for each trading day. I have reviewed and optimised my day trading system for the first time. Check it out here.
Today was a typical wild day and we saw the GBY/JPY market moved 500 pips in one direction.
No trade
US Session
No. of signal recommendations: 3
End-of-session results: EUR/USD (-70 pips SL), USD/CHF (-70 pips SL) & USD/CAD (+40 pips)
Maximum potential: 70 pips
Market sentiment value: 44-56% (meaning)
I have added a new category to reflect sentiments of the market for each trading day. I have reviewed and optimised my day trading system for the first time. Check it out here.
Today was a typical wild day and we saw the GBY/JPY market moved 500 pips in one direction.
Thursday 17 April 2008
A Morale Win Thursday +30 pips
European Session
No trade
US Session
No. of signal recommendations: 1
End-of-session results: USD/CHF (+30 pips)
Maximum potential: 35 pips
The price action has been choppy the whole session. The news of the Philadelphia Fed index has pushed the position into to a healthy gain in the last few minutes.
Late Session
No trade
Click Here For My Live Forex Trading Sessions!
No trade
US Session
No. of signal recommendations: 1
End-of-session results: USD/CHF (+30 pips)
Maximum potential: 35 pips
The price action has been choppy the whole session. The news of the Philadelphia Fed index has pushed the position into to a healthy gain in the last few minutes.
Late Session
No trade
Click Here For My Live Forex Trading Sessions!
Wednesday 16 April 2008
Testing Time for the System Wednesday
European Session
No trade
US Session
No. of signal recommendations: 3
End-of-session results: GBP/USD (-10 pips), USD/JPY (-15 pips) & USD/CAD (-50 pips)
Maximum potential: 35 pips
For the first time, this automated trade-entry system has provided negative return in mid-month. The system has failed to capitalise on some real moves due to slight market mistiming in last few sessions including today. In most cases, the entered positions only started to move in the post-session hours.
Click Here To Learn My System & Join My Live Forex Trading Sessions!
No trade
US Session
No. of signal recommendations: 3
End-of-session results: GBP/USD (-10 pips), USD/JPY (-15 pips) & USD/CAD (-50 pips)
Maximum potential: 35 pips
For the first time, this automated trade-entry system has provided negative return in mid-month. The system has failed to capitalise on some real moves due to slight market mistiming in last few sessions including today. In most cases, the entered positions only started to move in the post-session hours.
Click Here To Learn My System & Join My Live Forex Trading Sessions!
Tuesday 15 April 2008
A Subdued London Session and Missed Opportunites Tuesday
European Session
No. of signal recommendations: 2
End-of-session results: USD/CHF(-15 pips) & GBP/JPY (-70 pips SL)
Maximum potential: +5
Own P/L: -4 pips & No trade
The system coped well with USD-base major currency pairs despite not making positive progress in the last few days. We started brightly for the month and at present the April's results are still in slight positive territory. It is an uncertain period when the US dollar continues to gain ground against the sterling pound while the Euro still hovers near a record high against the dollar. The markets seem to lack of price correlation at the moment.
US Session
No trade
A missed opportunity to capitalise on some really good news (i.e. PPI, Empire State Index and TIC) for the US dollar in the US pre-opening session. On hindsight, I should have kept my long USD/CHF position this morning by letting it to run a little bit longer (as the momentum starts to build up). The market sentiment indicator has hinted the right direction but the signal software couldn't pick up the right entry.
Click Here For My Live Forex Trading Sessions!
No. of signal recommendations: 2
End-of-session results: USD/CHF(-15 pips) & GBP/JPY (-70 pips SL)
Maximum potential: +5
Own P/L: -4 pips & No trade
The system coped well with USD-base major currency pairs despite not making positive progress in the last few days. We started brightly for the month and at present the April's results are still in slight positive territory. It is an uncertain period when the US dollar continues to gain ground against the sterling pound while the Euro still hovers near a record high against the dollar. The markets seem to lack of price correlation at the moment.
US Session
No trade
A missed opportunity to capitalise on some really good news (i.e. PPI, Empire State Index and TIC) for the US dollar in the US pre-opening session. On hindsight, I should have kept my long USD/CHF position this morning by letting it to run a little bit longer (as the momentum starts to build up). The market sentiment indicator has hinted the right direction but the signal software couldn't pick up the right entry.
Click Here For My Live Forex Trading Sessions!
Monday 14 April 2008
Good Start on Yen-Crosses +80 pips & Dollar Extends Fall Monday
European Session
No. of signal recommendations: 2
End-of-session results: EUR/JPY (+70 pips) & AUD/JPY (+10 pips)
Maximum potential: Over 80 pips !
Own P/L: +99 pips !
Finally, we have some good setups going long on the yen-crosses markets in this early session.
US Session
No. of signal recommendations: 3
End-of-session results: GBP/USD (-70 pips), EUR/USD (-10 pips) & USD/JPY (+10 pips)
Maximum potential: 20 pips
The dollar was being sold off continuously in the US session. Such a strong move against the dollar was unexpected and the increased price volatility was initially stirred by the G7 meeting over the weekend. Thankfully, the retail sales data came to rescue. Keep the discipline with the system this time round - minus 70 pips.
Click Here For My Live Forex Trading Sessions!
No. of signal recommendations: 2
End-of-session results: EUR/JPY (+70 pips) & AUD/JPY (+10 pips)
Maximum potential: Over 80 pips !
Own P/L: +99 pips !
Finally, we have some good setups going long on the yen-crosses markets in this early session.
US Session
No. of signal recommendations: 3
End-of-session results: GBP/USD (-70 pips), EUR/USD (-10 pips) & USD/JPY (+10 pips)
Maximum potential: 20 pips
The dollar was being sold off continuously in the US session. Such a strong move against the dollar was unexpected and the increased price volatility was initially stirred by the G7 meeting over the weekend. Thankfully, the retail sales data came to rescue. Keep the discipline with the system this time round - minus 70 pips.
Click Here For My Live Forex Trading Sessions!
Saturday 12 April 2008
The Weekend Forex Project
Ouf of curiosity, I just bought the Forex Assassin system today ;-) I am set to follow its trading plan, have a website to log my progress and satisfy myself that I can do it well too.
Check out my new weekly Forex Blog :
>> The Weekend Forex Project: Learn to trade profitably with Forex Assassin
Basically, the system requires me to setup open orders using the provided formula over the weekend. Therefore, I will report the executed trades and their results once a week.
On the other note, the Forex Autopilot performance strategy report has been updated. You can view it here. The system has logged 6 winning trades out of 7 in the month of April so far and currently in drawdown.
Check out my new weekly Forex Blog :
>> The Weekend Forex Project: Learn to trade profitably with Forex Assassin
Basically, the system requires me to setup open orders using the provided formula over the weekend. Therefore, I will report the executed trades and their results once a week.
On the other note, the Forex Autopilot performance strategy report has been updated. You can view it here. The system has logged 6 winning trades out of 7 in the month of April so far and currently in drawdown.
Friday 11 April 2008
Range Bound Friday & Rough Week With USD/JPY
European Session
No. of signal recommendations: 2
End-of-session results: USD/CHF (+10 pips) & USD/CAD (-20 pips)
Maximum potential: +10 pips
Own P/L: +11, -9 pips
Markets were finding their range in the early session and there appeared to be a potential price breakout sooner or later. Breakout was indeed confirmed but it happened in post-session hours with USD/CAD. A great opportunity (a 60-pip move) missed.
US Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (-15 pips) & USD/JPY (-45 pips)
Maximum potential: +5 pips
Own P/L: Post-session +18, 0 pips
Click Here For Next Week's Live Forex Trade Setups!
Like yesterday, the system also endured a tough day with the volatile USD/JPY market. Therefore, it is better to stay away from the japanese-yen markets till we manage to get better winning statistics with the new forex killer software.
Hope you all have a nice weekend and we shall resume trading Monday.
No. of signal recommendations: 2
End-of-session results: USD/CHF (+10 pips) & USD/CAD (-20 pips)
Maximum potential: +10 pips
Own P/L: +11, -9 pips
Markets were finding their range in the early session and there appeared to be a potential price breakout sooner or later. Breakout was indeed confirmed but it happened in post-session hours with USD/CAD. A great opportunity (a 60-pip move) missed.
US Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (-15 pips) & USD/JPY (-45 pips)
Maximum potential: +5 pips
Own P/L: Post-session +18, 0 pips
Click Here For Next Week's Live Forex Trade Setups!
Like yesterday, the system also endured a tough day with the volatile USD/JPY market. Therefore, it is better to stay away from the japanese-yen markets till we manage to get better winning statistics with the new forex killer software.
Hope you all have a nice weekend and we shall resume trading Monday.
Thursday 10 April 2008
Yen Higher and Higher Thursday
European Session
No. of signal recommendations: 5
End-of-session results (yen-crosses): USD/JPY (-70 pips) - based on yen sentiment indicator
Maximum potential: 5 pips
Own P/L: Open (+13 pips -closed)
End-of-session results (yen-crosses): GBP/JPY (-70 pips) , EUR/JPY (-40 pips), AUD/JPY (-50 pips) & CHF/JPY (+10 pips)
Maximum potential: +80 pips (early gains i.e. half of it from GBP/JPY)
Own P/L: No trade
US & Late Session
No Trade
Click Here To Join My Live Forex Trading Sessions!
Yen-crosses markets were sold off again in wild London session. We had the same setups as yesterday but with different results. The losses in USD/JPY put us back with +100 pips for the month. The end-of-session results for yen-crosses pairs were uninspiring. My only advices when dealing with these markets are fast in fast out and never let a winner (early gains) becomes loser. Focus only the setup with the US dollar sentiment indicator if you are unsure with the yen-crosses pairs.
Update: Further insight into today's market action (technical charts included)
No. of signal recommendations: 5
End-of-session results (yen-crosses): USD/JPY (-70 pips) - based on yen sentiment indicator
Maximum potential: 5 pips
Own P/L: Open (+13 pips -closed)
End-of-session results (yen-crosses): GBP/JPY (-70 pips) , EUR/JPY (-40 pips), AUD/JPY (-50 pips) & CHF/JPY (+10 pips)
Maximum potential: +80 pips (early gains i.e. half of it from GBP/JPY)
Own P/L: No trade
US & Late Session
No Trade
Click Here To Join My Live Forex Trading Sessions!
Yen-crosses markets were sold off again in wild London session. We had the same setups as yesterday but with different results. The losses in USD/JPY put us back with +100 pips for the month. The end-of-session results for yen-crosses pairs were uninspiring. My only advices when dealing with these markets are fast in fast out and never let a winner (early gains) becomes loser. Focus only the setup with the US dollar sentiment indicator if you are unsure with the yen-crosses pairs.
Update: Further insight into today's market action (technical charts included)
Wednesday 9 April 2008
Full of Actions ! Wednesday
European Session
No. of signal recommendations: 6
End-of-session results (Major Pairs): EUR/USD (+5 pips) & USD/JPY (+10 pips)
Maximum potential: 45 pips
Own P/L: 25, 7 = +32 pips
End-of-session results (Yen-Crosses): GBP/JPY (+40 pips) , EUR/JPY (+10 pips), AUD/JPY (+10 pips) & CHF/JPY (+5 pips)
Maximum potential: Over 80 pips !
US & Late Session
No Trade
Click Here For My Live Forex Trading Sessions!
6 out of 6 today (10 out of 12 this week) - All winners and no losers in the early session ! It's also a record with the no. of live signals being issued in one session on the member site. Well done, myself :-)
More insight into today's action : Have I picked the JPY bottom ?
No. of signal recommendations: 6
End-of-session results (Major Pairs): EUR/USD (+5 pips) & USD/JPY (+10 pips)
Maximum potential: 45 pips
Own P/L: 25, 7 = +32 pips
End-of-session results (Yen-Crosses): GBP/JPY (+40 pips) , EUR/JPY (+10 pips), AUD/JPY (+10 pips) & CHF/JPY (+5 pips)
Maximum potential: Over 80 pips !
US & Late Session
No Trade
Click Here For My Live Forex Trading Sessions!
6 out of 6 today (10 out of 12 this week) - All winners and no losers in the early session ! It's also a record with the no. of live signals being issued in one session on the member site. Well done, myself :-)
More insight into today's action : Have I picked the JPY bottom ?
Tuesday 8 April 2008
Better Results Tuesday +35 pips
European Session
No. of signal recommendations: 1
End-of-session results: CHF/JPY (0)
Maximum potential:5 pips
Own P/L: -
US Session
No. of signal recommendations: 2
End-of-session results: USD/CHF (+20 pips) & USD/JPY (+15 pips)
Maximum potential: Over 60 pips !
Own P/L: +19 pips
Still a slow day, but with steady and better results :-) Hope you trade well too !
No. of signal recommendations: 1
End-of-session results: CHF/JPY (0)
Maximum potential:5 pips
Own P/L: -
US Session
No. of signal recommendations: 2
End-of-session results: USD/CHF (+20 pips) & USD/JPY (+15 pips)
Maximum potential: Over 60 pips !
Own P/L: +19 pips
Still a slow day, but with steady and better results :-) Hope you trade well too !
Monday 7 April 2008
Slow But Steady Start Monday
European Session
No. of signal recommendations: 2
End-of-session results: USD/CAD (0) & CHF/JPY(-5 pips)
Maximum potential: 10 pips
Own P/L: +2
US Session
No. of signal recommendations: 1
End-of-session results: EUR/USD (-10 pips)
Maximum potential: 15 pips
Own P/L: +9, -8
Late Session
No Trade
The action was very slow today, perhaps it's the Monday after the Friday's Non-Farm Payrolls ? This morning CAD position turned out to be a good winner in the later session after the release of the building permits report which was basically in tune with the trend sentiment indicator. Unfortunately, we have entered an early signal and therefore missed out on the delayed action.
GBP Housing Price, CAD Housing Starts and US FOMC Meeting Minutes due tomorrow.
Click Here For My Live Forex Trading Sessions!
No. of signal recommendations: 2
End-of-session results: USD/CAD (0) & CHF/JPY(-5 pips)
Maximum potential: 10 pips
Own P/L: +2
US Session
No. of signal recommendations: 1
End-of-session results: EUR/USD (-10 pips)
Maximum potential: 15 pips
Own P/L: +9, -8
Late Session
No Trade
The action was very slow today, perhaps it's the Monday after the Friday's Non-Farm Payrolls ? This morning CAD position turned out to be a good winner in the later session after the release of the building permits report which was basically in tune with the trend sentiment indicator. Unfortunately, we have entered an early signal and therefore missed out on the delayed action.
GBP Housing Price, CAD Housing Starts and US FOMC Meeting Minutes due tomorrow.
Click Here For My Live Forex Trading Sessions!
Saturday 5 April 2008
Day Trading Service: 8-Week Performance Review
A brief recap: Here are the live day trading results since the launch back in February. So far, I have great feeling and confidence about this day trading approach with the forex killer software.
Week 1: +105 pips
Week 2: +25 pips
Week 3: +235 pips
Week 4: +210 pips
Week 5: +225 pips
Week 6: -10 pips
Week 7: -60 pips
Week 8: +210 pips
The system only endured its first losses in week 6 and 7. During that period, the forex market was greatly affected by the collapse of Bearn Stearns and massive carry-trade liquidation in mid March. We easily steered clear of further price volatility traps.
Week 4 and week 8 are non-farm payrolls (NFP) week. During these weeks, the system performed well (i.e. in exploiting the trends) by giving us good trading opportunities with gains over 200+ pips.
During these eight weeks, we scored a total of +940 pips from all live trade setups on member site. I appreciate your kind and positive comments which help to keep me motivated all this long.
Week 1: +105 pips
Week 2: +25 pips
Week 3: +235 pips
Week 4: +210 pips
Week 5: +225 pips
Week 6: -10 pips
Week 7: -60 pips
Week 8: +210 pips
The system only endured its first losses in week 6 and 7. During that period, the forex market was greatly affected by the collapse of Bearn Stearns and massive carry-trade liquidation in mid March. We easily steered clear of further price volatility traps.
Week 4 and week 8 are non-farm payrolls (NFP) week. During these weeks, the system performed well (i.e. in exploiting the trends) by giving us good trading opportunities with gains over 200+ pips.
During these eight weeks, we scored a total of +940 pips from all live trade setups on member site. I appreciate your kind and positive comments which help to keep me motivated all this long.
Friday 4 April 2008
A Hesitated Start & Indecisive Reactions from Non-Farm Payrolls Friday
European Session
No. of signal recommendations: 1
End-of-session results: USD/CAD (+5 pips)
Maximum potential: 20 pips
Own P/L: -11, +10
The US dollar was sold off in other currencies, somehow, our open CAD position remained resilient, i.e. was able to reverse its early losses and staged a minor recovery. I wish I could do better with my own p/l. My focus is now on the non-farm payrolls trading session.
US (Non-farm Payrolls) Session
No. of signal recommendations: 3
End-of-session results: GBP/USD (+45 pips) , EUR/USD (+5 pips) & USD/CHF (-45 pips)
Maximum potential: Over 140 pips ?!!
Own P/L: -30
Not sure how to write this entry. We went long on the US dollar. But then, the non-farm payrolls report was bad. The reward-risk ratio was therefore dramatically altered after the news releases and everything became awkward since the news was against the system sentiment.
Read my early post on how to cope with poorer-than-expected news data.
The positions went to drawdown initially, became good winners and finally ended with mixed results. To my amazement, there were still 140 pips up for grabbed ?!! But the system eventually settled for +5 pips. Hey, a fair result despite the poor job numbers !
On the other hand, I was way too conservative and ended with a bad result. But I was glad that the the all-important non-farm payroll was finally over and my system did OK.
The system gained +220 pips during this week !
Click Here for My Live Forex Trading Sessions Next week!
No. of signal recommendations: 1
End-of-session results: USD/CAD (+5 pips)
Maximum potential: 20 pips
Own P/L: -11, +10
The US dollar was sold off in other currencies, somehow, our open CAD position remained resilient, i.e. was able to reverse its early losses and staged a minor recovery. I wish I could do better with my own p/l. My focus is now on the non-farm payrolls trading session.
US (Non-farm Payrolls) Session
No. of signal recommendations: 3
End-of-session results: GBP/USD (+45 pips) , EUR/USD (+5 pips) & USD/CHF (-45 pips)
Maximum potential: Over 140 pips ?!!
Own P/L: -30
Not sure how to write this entry. We went long on the US dollar. But then, the non-farm payrolls report was bad. The reward-risk ratio was therefore dramatically altered after the news releases and everything became awkward since the news was against the system sentiment.
Read my early post on how to cope with poorer-than-expected news data.
The positions went to drawdown initially, became good winners and finally ended with mixed results. To my amazement, there were still 140 pips up for grabbed ?!! But the system eventually settled for +5 pips. Hey, a fair result despite the poor job numbers !
On the other hand, I was way too conservative and ended with a bad result. But I was glad that the the all-important non-farm payroll was finally over and my system did OK.
The system gained +220 pips during this week !
Click Here for My Live Forex Trading Sessions Next week!
Thursday 3 April 2008
Fired Up - Thursday and April
(Heads-up: US Non-Farm Payrolls Job Report Due Tomorrow)
US & Late Session
No trade
European Session
No. of signal recommendations: 3
End-of-session results: GBP/USD (+55 pips), EUR/USD (+90 pips) & USD/CAD (+15 pips) = +160 pips !
Maximum potential: Over 200 pips !
Own P/L: +53 pips
We headed straight into profits within half an hour ! In the mid-session, we had two pieces of news which came out in tune with the system predictions and worked in our favour ! Many potential pips to be grabbed there and then. Finally, it also paid off well for those who chose to exit at the end of the trading session !
Click Here for My Live Forex Trading Sessions!
Latest member feedback:
"It is always a pleasure to learn and read your blog but most of all, to follow your signals and comments on Live Documents. You have the right technical solution for all ! I find your teachings to be a necessity for all wanting to learn and advance on Forex knowledge."
US & Late Session
No trade
European Session
No. of signal recommendations: 3
End-of-session results: GBP/USD (+55 pips), EUR/USD (+90 pips) & USD/CAD (+15 pips) = +160 pips !
Maximum potential: Over 200 pips !
Own P/L: +53 pips
We headed straight into profits within half an hour ! In the mid-session, we had two pieces of news which came out in tune with the system predictions and worked in our favour ! Many potential pips to be grabbed there and then. Finally, it also paid off well for those who chose to exit at the end of the trading session !
Click Here for My Live Forex Trading Sessions!
Latest member feedback:
"It is always a pleasure to learn and read your blog but most of all, to follow your signals and comments on Live Documents. You have the right technical solution for all ! I find your teachings to be a necessity for all wanting to learn and advance on Forex knowledge."
Wednesday 2 April 2008
USD Mostly Lower Wednesday
European Session
No. of signal recommendations: 1
End-of-session results: USD/CAD (-40 pips)
Maximum potential: over 25 pips
Own P/L: +10 pips !
US & Late Session
No trade
Click Here for My Live Forex Trading Sessions!
In a complete reversal of fortune from yesterday, the US dollar was pushed lower before the ADP non-farm employment report. I was not willing to let a winner turning into loser after holding the position for more than one hour.
Choppy price action is expected this week before the all-important Non-Farm Payrolls Report on Friday.
Member feedback for today's action:
"I also used cowardly tactics today, and took 20 pips (your signal input of course). So, my thin experience with your approach up to date is "don't be too greedy". Better be safe 20-30 pips on one pair, than maybe 60."
No. of signal recommendations: 1
End-of-session results: USD/CAD (-40 pips)
Maximum potential: over 25 pips
Own P/L: +10 pips !
US & Late Session
No trade
Click Here for My Live Forex Trading Sessions!
In a complete reversal of fortune from yesterday, the US dollar was pushed lower before the ADP non-farm employment report. I was not willing to let a winner turning into loser after holding the position for more than one hour.
Choppy price action is expected this week before the all-important Non-Farm Payrolls Report on Friday.
Member feedback for today's action:
"I also used cowardly tactics today, and took 20 pips (your signal input of course). So, my thin experience with your approach up to date is "don't be too greedy". Better be safe 20-30 pips on one pair, than maybe 60."
Tuesday 1 April 2008
March Trading Report Is Out
Tuesday
No trade
Although there was no tradable signal in my selected trading hours, I was quite satisfied with the market sentiment data overnight. Hope you pick up some nice entries yourself and make a lot of profits today.
As promised, the March trading report is out for you to read.
No trade
Although there was no tradable signal in my selected trading hours, I was quite satisfied with the market sentiment data overnight. Hope you pick up some nice entries yourself and make a lot of profits today.
As promised, the March trading report is out for you to read.
Q & A: How to Activate Forex Autopilot EA
**Activating Autopilot**
Click here for the pdf instructions. If you have problem activating your copy of forex autopilot, a video tutorial has also been added and it is now available on the member site.
Here are some other useful forex autopilot video tutorials to get you started:
01. Bookmark and Begin Downloading
Click here for the pdf instructions. If you have problem activating your copy of forex autopilot, a video tutorial has also been added and it is now available on the member site.
Here are some other useful forex autopilot video tutorials to get you started:
01. Bookmark and Begin Downloading
08. Misc. - Installing WinRar (File Extraction Software)
It's good to have great video support for new users who are not familiar with expert advisor trading !
It's good to have great video support for new users who are not familiar with expert advisor trading !
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