Long EUR/USD, AUD/USD & Short USD/CAD

Closed EUR/USD at 1.4176 for +50 pips

Closed AUD/USD at 0.8105 for +35 pips

Covered USD/CAD at 1.0891 for +75 pips

We bagan trading for the month of June with three winners. +165 pips for the day.

May 2009 Daily Subscriber Signals +640 pips

+355 pips (Majors), +285 pips (Crosses), Total: +640 pips

Once again, the market sentiment approach was spot on last month. Hence, a very productive month for day trading.

The latest pips count of the system can be found here. Note that my daily forecasts and live signals are delivered via a specially prepared spreadsheet template.

Market Timing, US Dollar And Carry Trades

For the second day in a row, dts was able to make gains with new long positions in the yen-crosses market. I was able to claw back +280 pips in just two days, after the "mini blow-up" incident in late April. Despite positions going haywire that week, my account was well protected at all time, thanks to my strict stop-loss policy. And since I know my system well enough, I am going to up my ante bit by bit from now onwards.

April 2009 Daytrading Results

+210 pips (Majors), -60 pips (Crosses). Combined monthly return: +150 pips

I started quite well with the two systems but ended giving back most gains in late April. A "mini blow-up" when trading the yen-crosses had cost me a whopping -435 pips in one week. It was a record nonetheless - the largest losses the system had taken in a single week since the record began.

A Year of Performance Tracking

It has been more than a year since I first started to measure my daytrading system performance on a monthly basis. Here a couple of charts I put together to see how I have been fairing:

These graphs tell me that I have been doing the right thing all year long by:
1) Generating the right trading ideas at the right time
2) Diversifying my money in two different market places, i.e. Major Pairs and Yen Crosses.

I am able to make steady gains with the two systems, simply by betting against the short-term moves for the US dollar and Japanese Yen day in day out. The combined results say it all. I have made more gains than losses, 10 positive months out of 14, averaging about 310 pips each month.

Worth mentioning, the only one time my system made a triple-digit losses was back in July 2008, that is -140 pips. Others are -50, -70 and -25 pips in May' 08, Nov' 08 and Jan' 09. Also on the plus side, the system is capable of hitting four-digit monthly gains, which so far outstrip the recorded losses by many times. This has already happened twice: +1175 pips in Aug' 08 and just recently +1055 pips in Feb' 09.

Overall, my system did incredibly well even when the market was volatile. I hope my system can continue to make gains for me and you as the economy recovers.

Here are my monthly daytrading reports:
March 2009 Trading Performance
February 2009 Trading Performance
November 2008 Trading Performance
October 2008 Trading Performance
September 2008 Trading Performance
August 2008 Trading Performance
July 2008 Trading Performance
June 2008 Trading Performance
May 2008 Trading Performance
April 2008 Trading Performance
March 2008 Trading Performance
February 2008 Trading Performance

LOBS Hitting All-Time High

My LOBS continues to make new highs this month. It managed to add 193.7 pips today. The system win-rate has slightly improved to 71.7% on Day 57.


Read my previous log entry on Day 50:

At present, LOBS is my most valuable daytrading strategy. If you run the system as your trading vehicle, be patient and let the story unfold. Don't worry if you see the EA moves lower tomorrow or the next day. The long-term is what counts for you. So far, the system winning rate stands at 70.8% on Day 50.

Daytrading Subscriber Service (Mar' 09) +265 pips, 11th Positive Month out of 14

This would be the 11th month of positive gains (out of last 14) if you had closely followed my US dollar market sentiment table and subsequently traded the major pairs' signals as we started back in Feb 2008.

The daytrading system did well again last month. We increased the results for major pairs by +265 pips, and also +60 pips for the cross-yen pairs. The EUR/USD result was up by another +50 pips, overall +1120 pips . EUR/USD is, so far, the biggest gainer.

• EUR/USD +1120 pips;
• GBP/JPY +845 pips;
  
• USD/CAD +620 pips;
• USD/CHF +555 pips

If you would like to signup my Market Sentiment Table and Daily Live Signals, please click here.

Another Great Day for LOBS !

London Open Breakout System (LOBS) closed up +280 pips today and thus giving us a total of of 1304.8 pips since the start - highest profit ever !

For those of you who like the shorter-term action, you can always play the picks I lay out on the member site for intraday fast gains. And just like some of you did very successfully with LOBS today.

At present, LOBS is my most valuable daytrading strategy. If you run LOBS as a trading vehicle, be patient and let the story unfold. Don't worry if you see the EA moves lower tomorrow or the next day. The long-term is what counts for you. So far, the system winning rate stands at 70.8% on Day 50.

LOBS in action today:

Long EUR/USD @ 1.3273 for +40 & 100 pips

Long EUR/JPY@ 131.32 for +40 & 100 pips

Day Trading Service: Trading Report Feb' 09 (+435 & 620 pips)

Fact 1: Major-pairs Results +435 pips; Cross-yen Results +620 pips; 100-Pip EA Results +176.8 pips

Last month (Feb' 09) was a good month for daytading. The forex markets was less affected by the performance of the equity markets. And we saw the cross-yen pairs rallied from multi-year lows.


Fact 2: 10 out 13 Winning Months Since Inception

Major pairs results is the benchmark performance of our DTS. The End-of-Session system has bounced back strongly from previous losing months (-45, -145 pips) and recorded a bigger-than-average monthly profits (+435 pips).

The other cross-yen and the 100-pip ea systems also made gains during last month. The latest results and breakdown of 100-pip trades can be viewed here.

Fact 3: Individual Performance Overview & EUR/USD Still the Top Performer

EUR/USD is still the biggest gainer of all since the start of record, closely followed by GBP/JPY and USD/CAD.

Results summary:
EUR/USD +1070 pips
GBP/JPY +885 pips
USD/CAD +595 pips
USD/CHF +475 pips

All ScoutForex readers are welcomed to join our daytrading group and learn instantly how to build confidence, generate a sense of control and make gains in the forex market with ScoutForex DTS. Looking ahead, we are well-positioned to capitalise on the system's future gains in the forex markets.

100-pip Trade Setups and Charts

A few good surprises with the 100-pip EA trading last week. 7 trades and 6 winners, +452.4 pips. Two of them hit the maximum targets. Price actions were as follows:

1) 18 Feb (European session) - Short GBP/USD at 1.4236 for +40 & 100 pips. Market sentiment: Bullish US Dollar



2) 20 Feb (US session) - Long CHF/JPY at 79.50 for +40 & 100 pips. Market sentiment: Bearish Japanese Yen


My live daytrading signals had also produced good return last week. Major Signals +200 pips & Cross-yen Signals +155 pips. Note that both the manual and EA signals will be provided as part of the day trading service.

US Non-Farm Payrolls Day Setups (+134.7 pips)

Lately, the forex trading themes see-saw between being risk averse and having risk appetite. Having a mixed bag of day trading strategies will help to beat the market uncertainties and pull in the daily profits.

London Open Breakouts:

(European Session) Long EUR/USD at 1.27873. Final profits: +40 & 9.8 pips

(European Session) Long EUR/JPY at 116.234. Final Profits: +40 & 57.8 pips

Newstrading EA:

(UK GBP Manufacturing Production) No trade

(CA Employment Change) Long USD/CAD at 1.25212 for +0.3 & 0.3 pips

(US Non-farm Employment Change) Long GBP/USD at 1.46920 for +25 pips & 16.5 pips

100-pip EA

(European Session) Short GBP/USD at 1.46668 for -60 & -60 pips

Daily Manual Setups

(European Session) Short GBP/USD at 1.4733 for +90 pips

(European Session) Short AUD/USD at 0.6551 for -25 pips

Total pips: +134.7 pips

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

The Start of 2009 & Daytrading Routine

Monday marked the start of the first full trading week for 2009. I officially kicked off my new year trading with two straight winners. Price volatility had come down quite a lot recently and I was able to make good use of my day trading program/plan. Owing to efforts made in 2008, now I keep a simple, automatic and discipline daytrading routine.

Below shows the two newly closed positions. The captured screenshots show my EA program's automatic entries and exits. Two exit targets were employed which produced a combined profit of +139 pips with the use of EA programs. A possible +85 pips with manual trade. All real-time trade entries and exits can be found on my daily spreadsheets - which is made available to my program subscribers.

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

100-pip EA
No. of auto-entries: 1
USD/CAD +40 & 43.5 pips
EA screenshot attached:


Day 15 - London Open Breakouts
No trade EUR/USD
Short EUR/JPY at 127.087 with stop at 127.687. Final Profits: +40 & 15.5 pips
EA screenshot attached:

End of Year & Daytrading Profits

Last full trading week of the year. We managed some strong gains today using the same daytrading method I introduced back in February. The system had proved useful and carried me far this year.

During these couple of months, I setup a lot of day trades which gave me a lot of small but consistent profits. Using the same approach, just recently, I also managed to establish some long-term positions which had become fruitful as the US dollar got seriously hammered in the last few days. I had been adding positions since November 24: Discretionary Forex Trades Paying Off For Now.

It has been an eventful year for me. I am grateful with the results. We'll be winding down our trading for the year and getting ready for 2009 as we draw closer to the holiday period.

Today's Signals: European Session

No. of signal recommendations: 2
End-of-session results: GBP/USD +95 pips & GBP/JPY +175 pips

Boosting the Cross-Yen Account by Few More Pips

The end-of-session daytrading system had added three more cross-yen winners for this week. Up 400 pips for this month so far. I really liked watching the price action this week. Hope we could continue to find more winning trades.

Check out this encouraging post: Day Traders Thrive in Volatile Market

Europe Session
No. of signal recommendations: 3
Cross- yen results: EUR/JPY+10 pips , AUD/JPY +10 pips & CHF/JPY +30 pips

100-pip EA
No. of auto-entries: 1
EUR/JPY +40 & 7 pips

My Simple Yet Effective Trade Ideas

Daytrading sessions resumed today. My method had immediately yielded good payouts with the yen-crosses pairs in the US session. Final results of +315 pips.

US Session
No. of signal recommendations: 4
Yen-crosses results: GBP/JPY (+195 pips), EUR/JPY (+50 pips), AUD/JPY(+70 pips) and CHF/JPY (0 pip)

100-pip System
No. of dynamic entries: 2
GBP/JPY & AUD/JPY

Sterling Pound Fell More Than 500 Pips In One Day

The 100-pip ea program was able to setup its first trade of the month based on the AUD/USD signal. It did not enter in today's GBP/USD market which appeared to be under immense selling pressure.

US Session
No. of signal recommendations: 1
Major pairs results:AUD/USD (+15 pips)

Europe Session
No. of signal recommendations: 1
Major pairs results: GBP/USD (-70 pips)

100-pip System
No. of dynamic entries: 1
Potential profits:
AUD/USD +40 & 12 (Final results)

Day Trading Service: Trading Report Nov' 08 (+245 pips)

Fact 1: Major-Pairs Results +245 pips; Yen-Crosses Results -315 pips; 100-Pip EA Results -341 pips

November was the month of great volatility. Forex markets were greatly affected by the performance of stock markets. The latest dip in the US markets had significantly changed the daily normal operation of the forex markets, especially for the month of November. I believe things are going to turn better from now.

• Stock Markets are Finally at a Turning Point
• Discretionary Forex Trades Paying Off For Now

Fact 2: 9 out 10 Winning Months Since Inception

The End-of-Session system for the major pairs recorded its first losing month (in October) since the start of record. The system bounced back to record a profitable month immediately for the month of November.

Despite that, the yen-crosses and the 100-pip ea system suffered minor pullbacks instead. A reversal of last month's fortune. All the latest results and breakdown of 100-pip setups can be found via in this page.

Fact 3: Individual Performance Overview & EUR/USD Still the Top Performer

EUR/USD is still the biggest gainer of all since the start of record, closely followed by USD/CHF and USD/CAD.

Results summary:
EUR/USD +1095 pips (up 135 pips)
USD/CHF +680 pips (up 45 pips)
USD/CAD+305 pips
GBP/USD +135 pips (up 215 pips)
USD/JPY +5 pips
AUD/USD -40 pips

Looking back the last 10 trading months , I am glad that we are still progressing well. We will be well-positioned to capitalise on the system's future gains in the currency markets.

Last but not least, all ScoutForex readers can simply join our growing forex daytrading group today and learn instantly how to build confidence, generate a sense of control and make monthly trading gains with ScoutForex DTS.

Pushing Ahead with Nice Gains on US Thanksgiving Day with London Breakout & 100-pip Systems

Here are the obtained results for today's London Open Breakouts (day 8):

Long EUR/USD 1.2916 with stop at 1.2856. Final profits: +40 & 12 pips

Long EUR/JPY 122.93 with stop at 122.33. Final Profits: +40 & 33 pips

Cumulative Results +397 Pips so far

Meanwhile, the 100-pip program also made two trades. One with the above the EUR/USD trade and the other with GBP/USD, which happened to make the full 100-pip profit.

Long GBP/USD @ 1.5397 (Final results +40 & 100 pips)

Stock Markets are Finally at a Turning Point

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 on the month.

The cross-yen system took a hit while 100-pip program gave back some of its gains during the last 3 days. This gave me an indication that we're about to see a shift in the market sentiment in order for us to go short the US dollar and to buy into the recovery in the stock markets.

These markets present a great buying opportunity if you got a bunch of cash left waiting to speculate and invest.