Wednesday, March 5, 2008

Day Trading Service: Trading Report Feb' 08

Fact 1: Up 365 pips in February on USD-base currency pairs

The results by the major currency pairs have so far outperformed the yen-crosses pairs. This is simply because my day trading strategy was originally devised/optimised to exploit the use of USD market sentiment indicator to trade the USD related currencies, and not the use of Yen sentiment indicator to trade the Yen-crosses pairs. Hence, trading the major currency pairs will always be the main focus/strength of this day trading service.


Fact 2: Up three consecutive weeks since inception

This day trading approach allows us tackle the forex market in a systematic manner day in day out. So far, we are able to gain a winning edge using this strategy on every week. Based on the daily results as given in the above statistics: we might lose about 20-25 pips in a bad day, but we are able to gain 90-110 pips on a good day. The reward-to-risk ratio seems very appealing at this stage.


Notice: We again started strongly in this brand new month - i.e. already up 235 pips in just 3 days of this month ! Make sure you check out my day trading strategy and consider joining me this month to enjoy the current monthly rate while last. Please be informed that the subscription fee is scheduled for a hike from 1st April.

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