Pro Swing Trading

I obviously got the trade right as I followed Nick's advice exactly.

Yes I would love for more subscribers who can comment here, because the FACTS REMAIN:


I did not receive Nicks sms to get out at small profit.

I am not convinced that everyone could have gotten out at small profit.

I am sure many people are still stuck on this trade with a loss, BUT of course, people who never subscribe will not know as his results would not show.


In fact, I think this is a very objective review of his system, I can't see what I'm doing wrong. lol. If i am down, I am pretty sure many people are down too, so there realli isnt much to argue here.

Of course, some people would WAIT to get a better price, but if that better price does not come, Nick's results would still show a profit if it goes to TP1, while you have nothing. So basically nick has best of both worlds, put an entry out there even thou we cannot get the same price(most of the time +-5-10 pips difference), if it goes up immediately, yay. If it doesnt, try get out at BE, save the results page, and enter at a much lower level again, with higher chance of reaching TP1, yay.

Thanks for comment

Hi
Thanks for your reply, I know you and other guys got sms and if anybody has problem to get our sms or email simply can leave me message on skype or email us.

Cheers
Nick

i got the email before the sms, however i have no concerns about the information provided,
i had enough time to execute the gold trade with 15 pip profit, i've only just started with the group, i like larger time frame trading, it suits me better.

cheers!

You've probably seen me be very critical of Nick's latest shenanigans and I still maintain that the way he omitted his inital call from the trade records, on the call prior to this, was an outrageos show of dishonesty and paints the very idea of keeping records moot. So you know I'm not in any way partial to Nick and have no favorable bias toward him.

So keeping that in mind, on this call, I did receive Nick's SMS and took a small profit. Your problem seems like an isolated incident with your cellular network.

Folks,
SMS and email delivery do not work well for the kind of signals being generated here. You need a lot of lead time on the signals in order for them to be tradeable via sms or email. But thats not the case here, you need to act on the signal RIGHT NOW , which is not possible always. You will never be able to match Nick's results neither by pip counts nor by actual results. You just need to accept this fact and move on if it doesnt work for you. Or discuss another option of trading Nick's signals (managed accounts, Trade copier EA etc) with him. The frustration is understandable, but if you are not willing to accept the facts then you have yourself to blame in a way.

I followed Nick's service for a month , but quickly found out that his signals arrived too late for any action that could match his results. Price had already moved 10-20 pips by the time the signal arrived. That messes up your entry, TP,SL and exit calculations and you wont be able to match the result. i have moved on since then as this is a serious limitation of the service and there is no point in feeling frustrated about something that wont work perfectly well for you. Mind you, Nick;s signals are real good and he has atleast a 70-80 % success on his signals. But the RR of 2:1 and delivery method make it difficult to trade the signals in a manner that would allow one to replicate Nick's results.



Sorry, but that is the truth.

Everything you just said rings true to me. Matches my experiences exactly. I'll probably be a subscriber for one more month before I make up my mind.

I think it would serve Nick well to explicitly inform his prospective subscribers about the kind of practical problems they're likely to encounter with his calls.

trade copier EA sounds interesting,

i have signed up for a month to test the system, to generate my own opinion of the system and communication interfaces.

for the users that are subscribed to the sms's, try another number with a another network, sometimes international sms's can be just ridiculous,
for example i have a friend in Australia who gets my sms's but i NEVER get any of his replies. some networks just dont cross over as easly as other non premium nework providers.......

just a thought......

Tradaboo do u think there is something whrong with the sms serviece if all got the sms but u ?? I dont think so. If you dont like Nicks signals u are free to leave anytime. But why coming over here and screeam instead of talk to nick or us that been with nick for long.


Bravester Yes this sometimes happens that u must react really fast on the signals i hate it when it happens but nick cant controll price i think sometimes the market moves quick. and as a trader u should be close to your computer. It bothers me that this happens but it is not so often so i can leave with it i think it happens 2 times to me, i can be whrong but that is not mutch when u look on all the signals.

Look on back result past performance u should have plenty of pips in + so even if this happens u should have a verry profitable mounth.


I dont tell anyone else what to do, but this is me and because of nicks great hit rate u can risk more 5 procent or even more if u feal like it just my thinking u should not take it as an advice, the risk is up to u.

already i have plan to design a windows application for signal service, i think this option will solve all delay you had about receiving emails.

That is good to hear.

Yes latly u have alot of great things adding to your aervice and upgrates making it even more better than it was



best regards

Loonie...

hit both targets

Thanks nick. Great Call. All of us really missed to this kind of trade/result you have been achieved regularly for the last few months. Afterall, it August, most of the Big Boyz are currently having summer holiday, so im sure most of us expected this kind of bumpy rides-choppy market and so unpredictable. Looking forward for this kind of setup/trade in the future!!

The frail U.S. economy was dealt further setbacks as new U.S. jobless claims scaled a nine-month high last week and Mid-Atlantic factory activity contracted in August for the first time in more than a year.

Data on Thursday also showed a gauge of the economy's prospects barely rose last month, indicating growth continued to lose momentum after a brisk first quarter.

"It is certainly disheartening news about the economy," said David Resler, chief economist at Nomura Securities International in New York.

"It is not persuasive evidence that we have dipped into recession again but it's certainly suggestive of a more serious deterioration than we had factored into our forecasts."

Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 500,000 last week, the highest since mid-November, the Labor Department said. It was the third straight week of gains, a trend last seen in January.

Financial markets had expected claims to slip to 476,000.

Separately, the Philadelphia Federal Reserve Bank said its business activity index fell to minus 7.7, the lowest since July 2009, as new orders and shipments fell and the employment situation deteriorated.

The index was at 5.1 in July and August's fall confounded markets that had expected a rise to 7.0.

A reading below zero indicates a shrinking in the region's manufacturing and the index was last negative in July last year when activity was recovering from 2008-2009 recession.

The weak reports weighed on U.S. stocks and all three major indexes were trading down more than 1 percent in late morning trade. Safe-haven U.S. government debt prices rallied, with the yield on the two-year Treasury note falling to a record low. Bond yields move inversely to prices. The dollar fell to a near 15-year low against the yen.

The latest data, including a third report showing the Conference Board's index of leading economic indicators rose 0.1 percent in July after dropping 0.3 percent in June, reinforced views of slower growth in the third quarter.

SLOWER GROWTH CONTINUES

Some analysts also were concerned the domestic slowdown that started in the second quarter risked pushing the global economy close to renewed recession.

"If the (U.S.) economy is going down, there's no way the euro zone can withstand the slowdown," said Win Thin, senior currency strategist for Brown Brothers Harriman in New York.

"It's too early to say we're headed for a double dip, but things are slowing," he added.

A Labor Department official said there were no unusual factors affecting the claims data, which covered the survey week for the government's closely watched employment report for August, scheduled for release early next month.

Analysts said it suggested August payrolls could exceed July's 131,000 decline.

A weak housing market and a 9.5 percent unemployment rate are hobbling the U.S. economy's recovery from its most brutal recession since the Great Depression.

The economy's poor health has handed President Barack Obama a tough challenge and put at risk the Democratic Party's majorities in the U.S. House of Representatives and Senate in November's congressional elections.

The high jobless rate is expected to continue into next year. The nonpartisan Congressional Budget Office on Thursday projected an average rate of 10.1 percent this year and 9.5 percent in 2011.

Obama's approval ratings have tumbled to near 40 percent and congressional Democratic ratings are around 20 percent.

There were other mixed measures of economic activity from major retailers on Thursday, with Sears Holdings Corp. (SHLD.O) reporting a wider-than-expected quarterly loss as consumers curbed spending.

But office products company Staples Inc (SPLS.O) reported a higher quarterly profit, meeting expectations, and said it expects modest economic recovery during the rest of the year.

"The rise in claims makes it difficult to maintain confidence in the recovery and suggests the labor market is backtracking more than we first expected," said Ryan Sweet, a senior economist at Moody's Economy.com in West Chester, Pennsylvania.

"This latest rise may pressure the Federal Reserve to put its contingency plan into motion."

The U.S. central bank, which has kept interest rates near zero, has said it stands ready to act should the economic picture deteriorate.

Even more disturbing in claims report, the four-week average of new jobless claims, considered a better measure of underlying labor market trends, rose to its highest level since early December.

Claims for unemployment benefits have been stuck at lofty levels for much of this year, which many economists say points to unemployment staying uncomfortably high for some time.

Payrolls grew in the first five months of this year, partly due to hiring for the decennial census, but have declined in both June and July.

The economy grew at a 2.4 percent annual rate in the second quarter, much slower than the 3.7 percent pace in the first three months of the year.

Hi guys.

Im a new subscriber. Did anyone else not get informed about yesterdays two 'winning' trades. Specifically G/U and U/C?

Cheers.

Hi,

U/C was not yesterday trade.

I get the email for both trades.
Probably check your Junk or Spam folder, sometimes the email is mark as junk/spam if the email address is not Trusted. So you may want to mark FxProAlert email address as Trusted.

Also, since you are a new subcriber, please remember to remove the AUDUSD pending order, since it has pass 6 hours limit time as a valid trade.

The Euro extended the decline from earlier this week and slipped to a fresh monthly low of 1.2684 as investors continued to scale back on their appetite for risk, and market sentiment is likely to drive price action going into the end of the week as the economic docket remains very thin for Friday.