Pro Swing Trading

yes, very precise

i know you do Brother, but it just tooooooooooo slow for me, its like watching grass trying to grow in a desert......

When u calculate results from your website ua have to take position size into account as there is just number of pips for profit and loss. But every loss is with full position size but winner not alway, (ony if PT2 is hit). So it means that even if number of pips is positive you would be just about BE for november/december. Am I right?

Hi,

No brother the pips on website are base on PA, if market hit out tp1 then back to our entry i only put TP1, If it reach to our both TPs i put TP2 and if hit our stop i do the same.
I never interfering on your MM and lot size, you should set it base on your account condition and your monthly goals.

Cheers
Nick

Ok so for me , If i split order and exit half of the position at TP1 and second half at TP2 the above statement would be valid. This is objective standard if one wants to gauge performance. I can split orders 100 - 0 , 75-25 or whatever but this will not give an answer regarding the performance and potential gains.
I understand that everybody has own MM but overal , most of people would be at BE some would eanr 5-6% and some lose 5-6%.

ar i escaped last month with 20% profit, (BUT i'm very aggresive, and i have a few of my own trades in there too)

MM is purely upto the individual alter.

what you say is plauseable, however the results as i see them tells you the pips captured or lost, on unsplit positions, so even tho the results are there, we have to manage the trade, OWN our own final decsions on what to take from the table.....

it is tricky, i admit,
but hey nothing is going to be given to you on a spoon with out some of our own growth right?..........

this how i see it,
not defending anyone or enterprise, just saying what i see from my path

CE

Japanese stocks slipped from a seven-month high on Friday on profit taking, though were poised to outperform the rest of Asia this week, while U.S. Treasuries were steady on the view yields had risen too high, too quickly.

With three weeks to go in 2010, investors were reluctant to throw much money into any single trade now that a big selloff in Treasuries died down and opted to take profits on small positions in thin trading volumes.

Whether China would raise interest rates this year, perhaps even this weekend, was still a question on investors' radar screens with regard to risk taking, especially after a state-run newspaper said inflation may have hit 5.1 percent in November.

Tighter policy in China and other emerging markets though has already been factored into economic and market forecasts for 2011, a year in which some strategists favor riskier assets such as stocks, commodities and credit but not government bonds.

ok i'm flat
40 and 73 pips on the UJ,
its just too thin now, will only demo trade if anything at all until late Jan

have a great Christmas Yo'all!

CE

have nice weekend bro.

Hi,

For the New Year holiday plans, We are offering a 25% discount for every new membership or renewal during 12th-22nd December, 2010.
Also due to New Year's holiday and closed financial markets, On December 24 we will add 10 days of membership to all members.

Best Regards
Nick

Hi all,

As trading idea looking for short on E/U, We are around FOMC so its possible to have crazy moves on market.

U.S. deficit concerns returned to the forefront of foreign exchange trading on Monday, pushing the dollar lower after Moody's said a tax-cut deal reached last week by the White House and Republicans could shift its outlook on the United States' top credit rating.

A U.S. tax cut deal could swell the budget deficit at a time when the Federal Reserve is committed to accommodative monetary policy.

U.S. trade and budget deficit concerns have traditionally worried investors but they have been overshadowed in recent years by the collapse of the housing market, bad mortgages and their weight on the banking and financial system.

Now, as the economy appears to be recovering, investor focus has shifted back to the budget deficit.

"This move is coming as the market starts to price in the impact of the tax cut deal, and while Moody's saying it increases the chances of a negative outlook on U.S. ratings isn't new, traders can't help but contemplate the 'what if' scenario," said Paresh Upadhyaya, head of Americas G10 strategy at BofA Merrill Lynch.

The budget concerns follow a rise in U.S. bond yields that began last week, with the 10-year yield hitting a six-month high, though important support levels held so far on Monday.

The euro was up 1.4 percent at $1.3418, while the dollar fell 1.5 percent against the Swiss franc to 0.9653 francs, a typical safe haven. The dollar also fell against the yen, down 0.9 percent to 83.18 yen.

HOLIDAYS APPROACH

Volume was lower than usual as the holidays approached, and traders said the euro could run into resistance. Some said the market was wary of getting stretched ahead of a European Union summit this week that some hope will result in a permanent support mechanism for troubled euro zone countries.

The euro's rise pushed the single currency back through the 38.2 percent retracement of the move from June to November, but three-month risk reversals hinted at euro weakness.

Three-month euro/dollar risk reversal was at -2.101 on Monday, according to Reuters data, with a bias to euro puts and dollar calls. A negative risk reversal shows greater demand for put options relative to calls and shows more options players betting the currency will fall than rise.

But the focus Monday was squarely on U.S. tax cuts.

While the tax cut deal has led many economists to upgrade their U.S. growth forecasts and boosted equities, traders say the rise in U.S. yields was also driven by debt worries.

Michael Woolfolk, currency strategist at BNY Mellon, said markets are confident the deal will indeed boost growth, and that helped lift the dollar last week.

But he said they also fear that with unemployment near 10 percent, the U.S. central bank will nonetheless press on with a $600 billion bond-buying program to keep long-term rates low. That, together with tax cuts, may swell a budget deficit already in excess of $1 trillion.

"You may see growth in the 3-4 percent area next year, but that will cause inflation." he said. "And it's going to take an act of God to get the Fed to trim its bond buying. That's what people are concerned about."

E/A reach to our first target

Hi all,

Only five days remains until end of New Year's Special 25% discount.

Cheers
Nick
www.fxproalert.com

Morning,

CAD/JPY hit our first target. don't forget to manage your trade.

Cheers
Nick

Hi,


The Bank of England on Wednesday said members of its rate-setting Monetary Policy Committee split three ways, as expected, over the panel's policy decision earlier this month. Seven members of the panel voted to hold the key lending rate at 0.5% and to leave the bank's bond-buying program on hold at 200 billion pounds ($309.7 billion). MPC member Adam Posen dissented in favor of boosting the bond-buying program by 50 billion pounds, while Andrew Sentance called for a quarter-point hike in the key lending rate to 0.75%.

Merry christmas to you and your family

Nick

Morning,

China made fresh assurances that it will keep inflation in check, saying it will improve efforts to stabilize prices and ensure an abundant supply of essential commodities ahead of the Chinese New Year.

Chinese Premier Wen Jiabao said on Sunday that China's government will be able to keep prices at a reasonable level, a day after the central bank raised interest rates for a second time in just over two months to counter stubbornly high inflation.

Cracking down on price speculation and related market manipulation should be high on the agenda of governments at all levels, Xinhua news agency said late on Sunday, citing a circular issued jointly by the General Offices of the Communist Party of China Central Committee and the State Council, or China's Cabinet.

The circular also urged tighter supervision of the food and medicine markets and called on related departments to distribute subsidies to low-income groups.

China will maintain its crackdown on price speculation in 2011, focusing on cotton, edible oils, grains and vegetables, the country's top planning body, the National Development and Reform Commission, said last Thursday.

Hi,

Market this week started with low volume moves as i expected and trading on such conditions will be a bit dangerous. Hope everything back to normal condition until new year and I am sure we will hunting ultra huge pips for 2011.

Cheers
Nick