Fed plans to leave rates near zero for some time. Read statement released by the Fed after its Jan. 27-28 meeting on interest rate policy.
Wednesday, January 28, 2009
Thursday, January 15, 2009
Newstrading Update: ECB Cut Rate by 50 Basis Points
Soon after the (Newstrader EA) program's exits, we saw the EUR/USD market did a major reversal of more than 150 pips. The program managed to make a lucky escape just in time. I was quite pleased with the fast scalp which in the end yielded a total of +58 pips.
News Event: ECB Press Conference
Long EUR/USD @ 1.3186 for +25 & 33 pips
Long EUR/USD @ 1.3186 for +25 & 33 pips
Thursday, January 8, 2009
Newstrading EA: Making the Most Out of UK Rate Cut
The Bank of England has cut interest rates to 1.5%, the lowest level in its 315-year history.
I managed to established two long positions with the newstrader EA, and the newstrading program gave me the largest profit of this month so far (+89 pips).
Below is the price action following the interest rate announcement.
Long GBP/USD @ 1.5110 for +25 & 64 pips
I managed to established two long positions with the newstrader EA, and the newstrading program gave me the largest profit of this month so far (+89 pips).
Below is the price action following the interest rate announcement.
Long GBP/USD @ 1.5110 for +25 & 64 pips
Monday, January 5, 2009
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:
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:
Sunday, January 4, 2009
Last-Gasp 2008 Winners & Let's Start Over Again
100-pip EA Program @ ScoutForex (+233 pips for the month, +3,793 pips for the year)
Newstrader EA Program @ ScoutForex (+411 pips for the month, +3,317 pips for the year)
2008 was finally behind us. Nonetheless, it was an exciting and rewarding year for all of us. Let's hope we can keep this up in the new year.
Wed, Dec. 31st
USD/CAD + 40 & 50 pips
Tue, Dec. 30th
AUD/JPY + 40 & 73 pips
USD/CAD + 40 & 100 pips
Newstrader EA Program @ ScoutForex (+411 pips for the month, +3,317 pips for the year)
Tue, Dec. 30th
US Consumer Confidence + 25 & 46 pips
US Chicago PMI + 1 & 1 pips
2008 was finally behind us. Nonetheless, it was an exciting and rewarding year for all of us. Let's hope we can keep this up in the new year.
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