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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.
Tuesday 30 September 2008
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.
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