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

Ecstatic London Open Breakout Actions on Friday (Day 13: +787 pips, Up 229 pips)

Day 13. London Open Breakouts. Overnight action saw the yen rallied to multi-year high against the dollar to 88.53 at one point. Yes, 88.53. This was due to the auto-bailout vote failing at the senate. Anyway, at the opening of the London trading session, we went long in the Euro markets, i.e. Long EUR/USD and EUR/JPY.

Here are the results !

Long EUR/USD 1.3298 with stop at 1.3228. Final profits: +40 & 49 pips

Long EUR/JPY 119.47 with stop at 118.87. Final Profits: +40 & 100 pips

All Results Since the Start +787 pips (Also click here to subscribe)

I may post some screenshots with LOBS' entries and exits later.

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

Bank of England Cut UK Rates to 2% Today

Is the US FED to be the next central bank to cut rate on Dec 16?

Click here for the latest World Interest Rates Table.

London Open Breakout System (Day 10: +751 pips)

Day 10. London Open Breakouts. Today's entries and exits are as follows.

Long EUR/USD 1.2610 with stop at 1.2550. Final profits: +40 & 31 pips

Long EUR/JPY 117.51 with stop at 116.91. Final Profits: +40 & 31 pips

Cumulative Results +751 Pips so far

EA screenshots attached:

Long EUR/USD @ 1.2610 for +71 pips

Long EUR/JPY @ 117.51 for +71 pips

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.

FAPTURBO - A Much Improved FAP Version?!

Forget the previous disappointment of Forex Autopilot (FAP). Because the new FAP Turbo package has seriously outperformed FAP over the same time period.

Please check out these claims by the developer (Steve Carletti) first.

Trading System Description:
Trading system of FAPTurbo expert-advisor is 100% automatic. Its new features include Automatic Risk Scaling, High-Spread Protection System and Build-in Loss Prevention. The system is capable of handling multiple currencies and promises low drawdowns. It can make up to 10 - 20 trades weekly, providing a high trading activity for your account.

BackTest on History:
Great results in 1999-2008: 5000% of profit in 9 years! Made 499,785 from 10,000 usd!

LiveTest on Real Money Accounts (Live proofs available):
Account 1: $370 turning into $3,100 in 1 short month
Account 2: $2,500 turning into $6,700 in 32 days
Account 3: $10,000 turning into $32,900 in 90 days

What I also like about the FAP Turbo is that you can even have your system installed on its provided 24/7 running server. This way, you will not need to have your own computer turned on ever.

All in all, the FAP Turbo system looks genuine and has already promised us much. Talk is cheap and I do hope this trading robot can continue to build on its reputation. We shall review its live trading outcomes soon on this site.

Update (1):
I can reveal that the FAPTURBO system consists of two trading strategies. One being the Short-term Scalper Strategy which can work on 4 pairs: EUR/GBP, GBP/CHF, EUR/CHF and USD/CAD on M15 (15-minute) timeframe. The other being Long-term FAP Strategy which has been optimised for the EUR/USD pair on M1 (1 minute) timeframe.

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)