A Profitable Start to New Month: 7 Intraday Winners

First daytrading report for this brand new month (Feb' 09). Had some brilliant results today. Many trade ideas were generated by the 'market sentiment' system, particularly in the early session, and they all winners. You can now follow my daily results here.

European Session
No. of signal recommendations: 6
End-of-session results: EUR/USD (+40 pips), GBP/USD (+40 pips), AUD/USD (+30 pips), USD/CHF (+5 pips), EUR/JPY (+60 pips) & CHF/JPY (+15 pips)

US Session
No. of signal recommendations: 1
End-of-session results: AUD/JPY (+5 pips)

Today's results: +195 pips.
Accumulated pips (Majors): +2105 pips
Accumulated pips (Yen-crosses): +1055 pips

A Winning Start to 2009

Europe Session
No. of signal recommendations: 1
End-of-session results: USD/CAD (+85 pips)

US Session
No. of signal recommendations: 1
End-of-session results: CHF/JPY (-25 pips)

Late Session
No. of signal recommendations: 1
End-of-session results: EUR/JPY (-5 pips)

100-pip System
No. of auto-entries: 2
Potential profits:
USD/CAD +40 pips (minimum target hit!)
CHF/JPY open

Daily report: The Start of 2009 & My Daytrading Routine

Two More Cross-Yen Results +35 pips Today, +350 pips This week

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)

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)

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)

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

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

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

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

• 100-pip System Springs Back to Life with Winners (with charts)
  

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

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

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.

• Monday: No Market Conviction Before US Open

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)

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.

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.

Two hits for 100-pip system - AUD/CHF and EUR/JPY

Well, my saviour for this week. The new Aussie pairs did it for me!

My full-day review.

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..^_^..

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!

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...

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