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  • #1,541
  • Jun 22, 2010 5:55am Jun 22, 2010 5:55am
Quoting Brettus
Hi Yusuf. I dont think you should worry too much about understanding his calls straight away. I got the E/J entry at 12:51 GMT and it was trading at 113.20. I could have scraped a sell there, but unfortunately i didnt get in, because i put an order at 113.30. I think because of the true rapid nature of the moves sometimes its impossible to get in exactly where Nick gets in. We just have accept it.

I think however a live chat room is a great idea, but i dont think its up to him to set this up.

Nick - I think you should change your entry should...
Hi Brettus,

We send our levels for entry and base on our FAQ you can take position +/-25 pips around that area, but because of some newbie members, we sent our suggested entry too.
  • #1,542
  • Jun 22, 2010 6:02am Jun 22, 2010 6:02am
Quoting naboo
Hi Nick.. thanks for the reply...

your site is helpful - however in light of the fact that as a trader i imagine you are at the screen managing your positions, surely a trading/chat room would be the way to go?. instantaneous calls with interactive management will help clients/traders be profitable. profitable clients will ensure your client base remains and more than likely increases..everybody wins..?!

in the ideal world we could all trade as well as you utlizing your methods. however until that day it's not an ideal world unfortunately,...
I put my Skype ID for direct chatting also there my members can ask my advice about any pairs they want.

Already i opened a public room for all traders who want to exchange the idea also there i am publishing some important market's news.

Cheers
  • #1,543
  • Jun 22, 2010 6:39am Jun 22, 2010 6:39am
Hi all,

I really appreciate for all your replies and ideas regard to improve our signal service. Honestly i will think about all of your ideas as i did before and try to upgrade our services in future for better performance.

Cheers
Nick
  • #1,544
  • Jun 22, 2010 6:53am Jun 22, 2010 6:53am
I personaly don`t think that there is any need for extra chat room. The goul is not to chat, but to get the entry as close as posible Nick enters. Thats is the second sms for. If the market is around plus minus 10 pips then it is completely fine. if you not like it wait for a retrace or take it as a missed trade that is not end of the world. But I also noticet that even though the calls Nick make are great, the entry sms is about 15-20 pips a better price then real market. I do not call it huge problem but if the sms is for real entry not a sugestion it could be closer to the real market. It would improove the servise. So the calls are still good, but the second sms could be more realistic. Good luck to all.
  • #1,545
  • Jun 22, 2010 6:53am Jun 22, 2010 6:53am
hi everybody, my two cents ...
i have also missed some entries but i have just signed up and adapting myself to the calls. so right now ... i am improving.

managing a chat room takes away resources, attention, everybody wants something ... if that puts a strain on nick's analysis and his wellbeing i would rather miss a few trades ...
  • #1,546
  • Jun 22, 2010 7:05am Jun 22, 2010 7:05am
Quoting FXAdvice
Hi all,

I really appreciate for all your replies and ideas regard to improve our signal service. Honestly i will think about all of your ideas as i did before and try to upgrade our services in future for better performance.

Cheers
Nick
Thanks Nick,

Really appreciated and looking forward to it soon.

Cheers,
Yusuf SHAIKH
Its Time to Change the Ratio Skype: NoWorriesTraders
  • #1,547
  • Jun 22, 2010 7:27am Jun 22, 2010 7:27am
Nick.

You should offer account management. That will solve all the issues. MetaTrader multi terminal.

Brett
  • #1,548
  • Jun 22, 2010 7:49am Jun 22, 2010 7:49am
Quoting FXAdvice
Hi all,

I really appreciate for all your replies and ideas regard to improve our signal service. Honestly i will think about all of your ideas as i did before and try to upgrade our services in future for better performance.

Cheers
Nick
  • #1,549
  • Jun 22, 2010 8:22am Jun 22, 2010 8:22am
Let me show you how i manage one of my trades ( on cable )

Attached Image (click to enlarge)
Click to Enlarge Name: 8.gif Size: 21 KB
  • #1,550
  • Jun 22, 2010 8:28am Jun 22, 2010 8:28am
Hi guys,

These are some really interesting suggestions. Here's my take on things, being a subscriber for over a month now. Firstly, the service has evolved a lot. Nick now includes his entry price, which helps a great deal. Having said that, I rarely get in at his price, because his calls are usually made during my bedtime. I frequently get in at less than optimal times, however in the month and a half I've been with nick, I've had only one loss. Also, don't forget that the market will do whatever it wants... It's not going to wait for you to place your pending order at xxx. Sometimes you've got to go with the flow.

I've kind of got a system now with nick's calls. It's probably the wrong way to do things, but if I have a call, and nick's already entered via his second SMS or email, I'll just look to get in asap... and ignore the levels he's posted. By the time it takes for me to get out of bed and switch on my computer... I know I've probably already missed some of the move. But as long as it hasn't gone too far, I'll try to grab some pips. This has worked for me so far, and I'm making around $200 to $300 a week from nick's signals. I'll be looking to increase this to about $400 next month.

Anyway, great job nick!
WTForex - Join our trading family
  • #1,551
  • Jun 22, 2010 8:48am Jun 22, 2010 8:48am
Quoting FXAdvice
Hi all,

I really appreciate for all your replies and ideas regard to improve our signal service. Honestly i will think about all of your ideas as i did before and try to upgrade our services in future for better performance.

Cheers
Nick

Hi Nick.. i thank you for taking tiem to reply and taking this on board. of course others will think differently and that's fine. i would love to be able to trade your method and in time hopefully there will be some tuition...

in themenatime to get to grips with the markets i am at the mercy of talents such as yours..

personally i would not expect you to go this extra mile for nothing and would help where i could as i guess many on here would and also would not be against paying a little extra premium to cover the hassle and commitment..

think you could be on to a little goldmine here if you get what you want and so do the clients..

good calls again today bud.. good luck..

nabbo


p.s freedomtrade - good to see you're making some pips..may i ask.. when you get in to a trade and it's a late entry do you ignore the tp's and stop losses that nick provides or adjust?

cheers naboo
  • #1,552
  • Jun 22, 2010 8:54am Jun 22, 2010 8:54am
There are systems that allow any trade placed by the provider to be replicated on subscribers platforms. Usually with 1 or 2 second delay.

Would solve all these discussions... jmho.

Would provide instantaneous implementation of trades for the subscribers as well as removing the burden of attempting real time communication of the trade over the various avenues...

There are cost involved but I am sure most would be willing to pay that cost...
  • #1,553
  • Jun 22, 2010 9:06am Jun 22, 2010 9:06am
The currencies markets gave a cautious thumbs-up to the U.K.'s emergency budget Tuesday, with the pound climbing as traders judged it tough enough to stave off a debt downgrade, even though interest rates will likely stay low for the long haul.

The pound rose to the day's high against the euro after the budget statement concluded, pushing the euro down to just under GBP0.83, and it also rose to a session high of $1.4823 against the dollar.
  • #1,554
  • Jun 22, 2010 11:33am Jun 22, 2010 11:33am
Ok, My 5 cents.
I ve decided to count how much in USD we can earn if using the following strategy trading Nick's Signals.
Approach,
We close half of the position at first TP, rest move to BE and let run to TP2. In this case we take all positive trades 6630 and negative -560.
So if you will trade 0,1 and close half of my position at first tp (0.05) The total result will be: 2755 usd since Nov 2009
If 0,2 lot : 5510 usd
If 0,4 lot : 11020 usd
and so on.
I hope I count good, if not please advise.
The Road appears under the steps of walking men...
  • #1,555
  • Jun 22, 2010 12:29pm Jun 22, 2010 12:29pm
Quoting fy260498
Dear geula4,

Thanks a ton for your explanatory reply and comments as I hold the same respect to Nick and his services deep in my heart. The only difference is that I was extremely happy and making enough from his calls when I was a FREE visitor for his calls on this thread, you know what I mean. I had ...
#1: 17/06/2010 - Short on UC - No Fills (0)
#2: 21/06/2010 - Short on EJ - No Fills (+110)
[b][color=black][FONT=Times...
Hi Yusuf,

I would suggest to amend the reported results a little bit too.
For example the + 110 from yesterday it is really only 80 point because of how the position is managed
Half position is closed on TP 50 the other half is kept longer
(0.5 * 50 + 0.5 * 110) = 80 points

Nosan
  • #1,556
  • Jun 22, 2010 1:28pm Jun 22, 2010 1:28pm
Quoting Nosan
Hi Yusuf,

I would suggest to amend the reported results a little bit too.
For example the + 110 from yesterday it is really only 80 point because of how the position is managed
Half position is closed on TP 50 the other half is kept longer
(0.5 * 50 + 0.5 * 110) = 80 points

Nosan
Maybe you got wrong, manage the account is totally with you, close half and BE remain or any other ideas are only suggestion, i gave you first and second target.
  • #1,557
  • Jun 22, 2010 1:34pm Jun 22, 2010 1:34pm
Tomorrow we have FOMC and all markets are under influence of that news, i suggest to keep your head down, or trade with small lots only.

Cheers
Nick
  • #1,558
  • Jun 22, 2010 1:51pm Jun 22, 2010 1:51pm
Been with nick sometime some mounth and i find him verry honest and helpfull. I am verry hard to convince and i am always verry skeptic to stuff like this (signal service and also systems ) because i dont wanna risk my money if i cant trust it. Nick however i find verry helpfull and sincere. And also his signals is usually 2 losses a mounth and the rest winners.

In the beginning i did alot of mistake i jumped in a trade to earlie i missed trades because i did not read the Faq and so on. I also used the email and i misse it. Now i use the sms and i even got Nick to update the service make it easyer and more accurate in entry.

It is really simple u get a sms then u know be prepared it is like aiming at a target like a sniper when nick send second sms then u know it is time to pull the trigger and u got an price where to enter ususally a range of 5 pips then u know from FAQ that u can add or substract fropm that and enter. after i enter i go to nicks site and look for updates i got sl and tp 1 after som time i got tp 2 aswell and i set limit and stoporders and go out.


can it be better than that it is verry accurate signals also. If u miss one or so it is no big deal and it is often u that read the mail to late or dont understand the rules.


great work keep it up


best regards
  • #1,559
  • Jun 22, 2010 2:46pm Jun 22, 2010 2:46pm
Quoting FXAdvice
Maybe you got wrong, manage the account is totally with you, close half and BE remain or any other ideas are only suggestion, i gave you first and second target.
Thank you for good signals. But could you further clarify what is the CORRECT way to manage trades using given TP1 and TP2. For example, suppose that TP1 is 50 and TP2 is 110 and I close half of the position at TP1 and suppose also that TP2 is reached. As I understand it, the result in this case can't be 110 pips, it is (50+110) / 2 = 80 pips, or am I using incorrect trade management here. Thanks.
  • #1,560
  • Jun 22, 2010 3:52pm Jun 22, 2010 3:52pm
Quoting pokasaha
Thank you for good signals. But could you further clarify what is the CORRECT way to manage trades using given TP1 and TP2. For example, suppose that TP1 is 50 and TP2 is 110 and I close half of the position at TP1 and suppose also that TP2 is reached. As I understand it, the result in this case can't be 110 pips, it is (50+110) / 2 = 80 pips, or am I using incorrect trade management here. Thanks.
Hi Pokasaha,

We have many ways to manage our trades, also you can find your own way too.

- Close all on first target
- BE all on first target waiting for second target
- Close half on first target BE remain for second target
- Close half on first target put SL for remain equal to your first target profit.
- Try to find the your target base on S&R

Also sometimes you may open second position like i did on cable yesterday (screen shot posted) then you can prevent from some loss.
Anyhow as i said before money management and managing are depend on your moral and style and i wont interference.

Thanks
Nick
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