Live setup: 23 June on GBP/JPY
Related post:
Tallying Up the 100-pip System Winners
Tuesday, June 24, 2008
Chart Analysis for 100-pip Trade Setup
This type of trading opportunity occurs every day. If you are interested, you'll need to be willing to follow my day trading instructions.
Related post:
Tallying Up the 100-pip System Winners
Related post:
Tallying Up the 100-pip System Winners
Sunday, June 15, 2008
Tallying Up the 100-pip System Winners
Scout-Forex Day Trading Service runs two separate systems.
The first system is the End-of-Session System which produces clear cut trade entry and exit. The system is fully 'automated' and it exploits the forex trends during the most active trading hours.
The second system is the new 100-pip System which is aimed a maximising the profits by sharpening up the trade entry and exit. It utilises an improved method for entering into the markets and at the same time lowering the trading risk with dynamic stops.
I publish my day trading report for the End-of-Session system every month. I also review my trades everyday on my Day Trading Blog. Right now, I am setting up a trading results page for my 100-pip signals. The results page will be updated here every week. All signals are issued live to my Service Subscriber and their performance are tracked in real time on the member site.
All I need to do now is just tallying up the total number of trades and their potential winning pips for each week. The following table will weight up the final results for the 100-pip exit strategy as well as at different lower mid-point exits.
* TP = take profit level
Related post:
How to Make 100 pips in One Single Forex Trade
The first system is the End-of-Session System which produces clear cut trade entry and exit. The system is fully 'automated' and it exploits the forex trends during the most active trading hours.
The second system is the new 100-pip System which is aimed a maximising the profits by sharpening up the trade entry and exit. It utilises an improved method for entering into the markets and at the same time lowering the trading risk with dynamic stops.
I publish my day trading report for the End-of-Session system every month. I also review my trades everyday on my Day Trading Blog. Right now, I am setting up a trading results page for my 100-pip signals. The results page will be updated here every week. All signals are issued live to my Service Subscriber and their performance are tracked in real time on the member site.
All I need to do now is just tallying up the total number of trades and their potential winning pips for each week. The following table will weight up the final results for the 100-pip exit strategy as well as at different lower mid-point exits.
| Jun 08 | No. Trades | TP=40 | TP=60 | TP=80 | TP=100 | 100-pip Hits |
| 06/02 - 06/06 | 10 | +228 | +268 | +388 | +508 | 6 |
| 06/09 - 06/13 | 5 | +200 | +120 | +160 | +100 | 1 |
| 06/16 - 06/20 | 12 | +68 | +28 | -52 | -12 | 2 |
| 06/23 - 06/30 | 8 | +29 | +129 | +149 | +229 | 4 |
| Total | 35 | +525 | +545 | +645 | +825 | 13 |
* TP = take profit level
Related post:
How to Make 100 pips in One Single Forex Trade
Saturday, June 14, 2008
2 Week Complimentary Trial : Market Club
Hi all,
I've been told that on Monday June 16th at 12:01am EST, Market Club will be activating 2-Week Guest Memberships to the public. No payment info is required for this trial.If you enlist at the start, you will have the maximum time to use and learn about the Market Club. There are also special bonuses at the end of the trial which are yours to keep regardless of whether or not you decide to become a full member later.
Here is the url is where they will be signing up participants:
Market Club Trial: 2 Week Members Only Access -Trial ended
You will be given the same access which the paid members have. For example, charting tools, scanning capabilities, trade school and etc. Nothing will be different or unavailable.
Market Club: See What You Get
If you've been on the fence about Market Club, this is the best way to see if the Trade the Triangle is the best tool for you.
I've been told that on Monday June 16th at 12:01am EST, Market Club will be activating 2-Week Guest Memberships to the public. No payment info is required for this trial.If you enlist at the start, you will have the maximum time to use and learn about the Market Club. There are also special bonuses at the end of the trial which are yours to keep regardless of whether or not you decide to become a full member later.
Here is the url is where they will be signing up participants:
Market Club Trial: 2 Week Members Only Access -Trial ended
You will be given the same access which the paid members have. For example, charting tools, scanning capabilities, trade school and etc. Nothing will be different or unavailable.
Market Club: See What You Get
If you've been on the fence about Market Club, this is the best way to see if the Trade the Triangle is the best tool for you.
Saturday, June 7, 2008
Forex Tracer Automated Trading and Signalling EA
The search for profitable automated trading systems is on once again. I just received this e-mail from one of my readers yesterday.
Forex Tracer is, of course, another Expert Advisor script written for the purpose of automated trading in the Metatrader platform. Since I am a keen user of expert advisor systems and a developer of my own EA system, I would also like to test this EA myself. I believe I did a good job on reviewing and tracking the progress of the Forex Autopilot so far.
Could this new Forex Tracer be the third profitable EA systems after Bogie and Autopilot? We will soon find out.
p.s. Thanks Kotaro for the above email. You just set me up a new expert advisor trading task. I do hope it is profitable as claimed. You and my readers will probably get the first-hand update regarding the forward test results of this new Tracer EA.
p.s.2 I wish to keep everyone updated. I received another reader's email with a comment from someone who is currently trialling the Tracer EA: "Overall the majority of trades were positive this week, but there was one trade that almost wiped out my demo account. I will test more and let you know if it turns out positive. It may be excellent however it certainly needs to be used with caution." Thanks for the heads-up and I'll certainly keep an eye on the system drawdown.
p.s.3 Profits vs. Drawdowns for Bogie, FAPS and Tracer EAs
Hello Lloyd,
Your blog site has helped me in a great deal to understand how Forex market works and forex software.
I'm a three-month forex beginner who has studied the market by myself and has practiced on a demo account. I have lately started to think to purchase forex software and give it a shot. After I did my research, my candidate for the software narrowed down to either Forex Autopilot or Forex Killer. However, late last week, I happened to discover a new software called Forex Tracer.
The reason I'm mentioning this new software is that they show the same format as your Stratefy Tester Report of Forex Autopilot. I've never seen such a report from other software sales letters. Forex Tracer's report started from June 30, 2006 thru May 23, 2008. Their winning ratio is 94% and the modeling quality is 90%. The software looks very attractive to me
If possible, would you take a look at Tracer's page and let me know about your opinion about the software? I'm thinking if it's worth a try or better to buy Forex Autopilot.
Forex Tracer is, of course, another Expert Advisor script written for the purpose of automated trading in the Metatrader platform. Since I am a keen user of expert advisor systems and a developer of my own EA system, I would also like to test this EA myself. I believe I did a good job on reviewing and tracking the progress of the Forex Autopilot so far.
Could this new Forex Tracer be the third profitable EA systems after Bogie and Autopilot? We will soon find out.
p.s. Thanks Kotaro for the above email. You just set me up a new expert advisor trading task. I do hope it is profitable as claimed. You and my readers will probably get the first-hand update regarding the forward test results of this new Tracer EA.
p.s.2 I wish to keep everyone updated. I received another reader's email with a comment from someone who is currently trialling the Tracer EA: "Overall the majority of trades were positive this week, but there was one trade that almost wiped out my demo account. I will test more and let you know if it turns out positive. It may be excellent however it certainly needs to be used with caution." Thanks for the heads-up and I'll certainly keep an eye on the system drawdown.
p.s.3 Profits vs. Drawdowns for Bogie, FAPS and Tracer EAs
Tuesday, June 3, 2008
Making Gains With Yen-Crosses Pairs
Following Friday's gains, this week trading again started with a bang.
My day trading system has already provided me several good trade entries on the yen-crosses pairs. Two out of four signals had made 100-pip profits. The other two open positions are also inching towards the 100-pip target.
I used to focus all my attention on the major currency pairs. Since going on board with the fine-tuning approach, I am happy to have those volatile yen-crosses pairs on my tradable list.
My day trading system has already provided me several good trade entries on the yen-crosses pairs. Two out of four signals had made 100-pip profits. The other two open positions are also inching towards the 100-pip target.
I used to focus all my attention on the major currency pairs. Since going on board with the fine-tuning approach, I am happy to have those volatile yen-crosses pairs on my tradable list.
Sunday, June 1, 2008
Day Trading Service: Trading Report May' 08 (+75 pips)
Fact 1: A Sideways Month for the Majors
May was a month where the US Dollar actually went nowhere against other major currencies. Simply check out their quotes below:
May 1 open/ May 31 close/monthly change in term of pips:
GBP/USD (1.9876/ 1.9822/ -54) ;
EUR/USD (1.5620/ 1.5554/-66) ;
USD/CHF (1.0350/ 1.0420/+70);
USD/CAD (1.0065/ 0.9933/+132);
USD/JPY (103.93/ 105.50/-157)
Fact 2: Up Four Consecutive Months Since Inception
Despite trading only 12 out of the possible 22 days and the sideways price action, May was still a profitable month which pulled in another +75 pips. It was interesting to note that we made most of our profits from USD/CAD (+140 pips) and USD/JPY (+35 pips) since they were the significant movers than the rest.
Fact 3: Individual Performance Overview
A brief recap of their individual performance so far:
EUR/USD +365 pips
USD/CAD+245 pips
GBP/USD +160 pips
USD/CHF +115 pips
USD/JPY +90 pips
AUD/USD -35 pips
EUR/USD was the biggest gainer of all since the start, while the AUD/USD was the only one with negative pips.
In summary, May could be a sideways month paving for an expected up (or even down) month for the US dollar in June (i.e. the start of Summer trading). I believe our day trading strategy is well-tuned to capitalise on any significant market movements ahead of us.
Become a member today and learn how to make consistent monthly gains with Scout-Forex DTS.
May was a month where the US Dollar actually went nowhere against other major currencies. Simply check out their quotes below:
May 1 open/ May 31 close/monthly change in term of pips:
GBP/USD (1.9876/ 1.9822/ -54) ;
EUR/USD (1.5620/ 1.5554/-66) ;
USD/CHF (1.0350/ 1.0420/+70);
USD/CAD (1.0065/ 0.9933/+132);
USD/JPY (103.93/ 105.50/-157)
Fact 2: Up Four Consecutive Months Since Inception
Despite trading only 12 out of the possible 22 days and the sideways price action, May was still a profitable month which pulled in another +75 pips. It was interesting to note that we made most of our profits from USD/CAD (+140 pips) and USD/JPY (+35 pips) since they were the significant movers than the rest.
Fact 3: Individual Performance Overview
A brief recap of their individual performance so far:
EUR/USD +365 pips
USD/CAD+245 pips
GBP/USD +160 pips
USD/CHF +115 pips
USD/JPY +90 pips
AUD/USD -35 pips
EUR/USD was the biggest gainer of all since the start, while the AUD/USD was the only one with negative pips.
In summary, May could be a sideways month paving for an expected up (or even down) month for the US dollar in June (i.e. the start of Summer trading). I believe our day trading strategy is well-tuned to capitalise on any significant market movements ahead of us.
Become a member today and learn how to make consistent monthly gains with Scout-Forex DTS.
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