Pro Swing Trading

I would remove the "big time" part. The service does provide a stop-loss price. It's still profitable for the month, so far.

so it is a long term entry long time ago with what stop loss?

Hi,

I usually put around 35-40 pips Stop-loss, if you looking on result page.

Cheers
Nick

This service looks that it has profit but if you follow it will not have profit. By the time you send out signals the price moves towards you so now lets say I am 60 pips away from stop loss and if my stop loss will be hit I am loosing 60 pips when u loose one 35 pips. And if you add up total for a month you will have most months loosing ones. Because you don't have a special time when you send out signals, its like you have to babysit next your computer and wait for the signals. I checked your performance and some months you barely made it with small profit but no loss but I think people who followed you and missed the entry price by 10-30 pips at least they had loosing months. I am not trying to go against you but this is a fact.

This is so funny... I gave 10 pips entry area and you can put order in there also TPs and Stoploss, so tell me how do you loss 60 pips on 35 pips stop-loss?
For example my entry on E/G was 0.8745-55 and my stop was 0.8785 and already market didn't above 0.8795
Please think before talk...

After you send your entry levels the price went down 20 more pips so once I entered the position I was 20 pips more away from your stop loss so your stop loss 40 pips plus 20 pips that market moved away and that comes to total of 60 pips negative.

Is it possible for you to tell me why i provided entry area? if you want to entry at any level that you wish then why do you use follow my TPs and Stoploss?

I'm sorry FxAdvice, I was not paying attention much about entry level that you gave and did a mistake. Yeah you are right, if I would follow your entry I would only have stop loss hit by 40 pips. Sorry again. Thanks for understanding.

No thanks you for posting this issue on my thread maybe it solve some other member's issue too, anyhow i suggest again that follow my entry area at all cost but if you want to open position before or after my entry at least control the risk of your position, For example i suggest to have risk (3-4% Max on each call ) so if you try to entry on a short position above my area, then can open bigger lots with same SL and on below area open smaller lot size but you will have fix risk on each signal...

Cheers
Nick

Nick,

Perhaps you should edit post #1 and provide a little clearer instructions. I see what PipMaker did and admit I did it too my first signal. I entered as soon as I got the alert, for a big loss. I did not wait for the entry price. Now I set entry orders, not execute market orders.

Maybe you can refrase the instructions to wait for the entry price. This would eliminate this initial confusion and possible losses.

Now I really love your service.

Pip, now re-examine and you'll see this service is pretty sweet.

Yes, i need to edit that one because already we have joined silver and golden signals too. i will do during this weekend.

Thanks
Nick

Yeah I agree, so I am trying to be more cautious now and pay attention to the rules so at the end I will not have to blame anybody.

Keep up the good work.

Perhaps you should edit post #1 and provide a little clearer instructions. I see what PipMaker did and admit I did it too my first signal. I entered as soon as I got the alert, for a big loss. I did not wait for the entry price. Now I set entry orders, not execute market orders.

The instructions are perfectly clear, there is no way to make them clearer! Once you get the alert, place the limit order and time limit and that's it! He can only hold your hand for so long.

Hi Zortan,

Thanks for your reply, Already i mentioned on website FAQ also on active alert page but as i said on my last reply it need to have some edit on Post #1.

Cheers
Nick

Cable technically is on short level around 6260, lets see how fundamentals working

this week was really chaotic, don't know how long Greece and crazy Bernanke want to keep this shit going...

The dollar rose against most major rival currencies Friday, clawing back losses against the euro as initial euphoria over fresh aid for Greece faded and as investors considered other risks in Europe.

Fitch Ratings also said the part of the aid plan related to private-sector participation will constitute a “restricted default.”

“Fitch became the first rating agency to assign a restricted default rating, which almost immediately stripped the euro of its earlier gains,” said Kathy Lien, director of global research and analysis for GFT.

Comment on EUR/USD : Our Blog

Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package.

It was the second rating agency to warn of a default after euro zone leaders and banks agreed last week that the private sector would shoulder part of the burden of a rescue deal that offers Greece more cash and easier loan terms to keep it afloat and avoid further contagion.

"The announced EU program along with the Institute of International Finance's statement implies that the probability of a distressed exchange, and hence a default, on Greek government bonds is virtually 100 percent," Moody's said in a statement.

Bank lobby IIF, which led private sector negotiations, aims to attract 90 percent investor participation in the bond exchange plan which comes on top of the EU's new 109 billion euro bailout.

Moody's cut Greece's rating by three notches to Ca, just one notch above default, to reflect the expected loss implied by the proposed debt exchanges.

Greece now has the lowest rating of any country in the world covered by Moody's, which, like Fitch last week, said it would review Greece's rating after the debt swap is completed.

"Once the distressed exchange has been completed, Moody's will reassess Greece's rating to ensure that it reflects the risk associated with the country's new credit profile, including the potential for further debt restructurings," it said.

However, whereas Fitch pledged to quickly give Greece a higher, "low speculative grade" after its bonds had been exchanged, Moody's said it could not forecast when the rating would change or how.

"It all depends how quickly the debt exchange takes place," said Alastair Wilson, Moody's Managing Director for EMEA Credit Policy. "Once we have greater visibility over that, we will reassess the credit profile quite quickly. Whether the rating will change, that's a different question," he told Reuters.

A senior EU official said on Saturday that the aim was to start a voluntary swap of privately-held Greek bonds for longer in late August and conclude it in early September.

Greek bank shares and the broader stock market were unfazed by Moody's action, trading flat. Analysts said the downgrade and the default warning were priced in and less worrying following assurances provided by the EU deal.

"The EU Council last week effectively secured Greek banks' continued access to ECB liquidity, even in the case that PSI (private sector involvement) triggers a selective default," said Platon Monokroussos, an economist at EFG Eurobank.

CONTAGION CONTAINED ... FOR NOW

Moody's said it would take into account the possibility of a second default while reassessing Greece's rating.

"Our experience is that relatively small restructurings have often been followed by deeper defaults," Wilson said, adding that he could not say if this would be the case for Greece.

The rescue package for Greece benefits other euro zone countries by containing near-term contagion risks but it was not necessarily positive in the longer run as it set a precedent for private sector involvement in rescue deals, Moody's said.

"The support package sets a precedent for future restructurings should the finances of another euro area sovereign become as problematic as those of Greece. The impact of Thursday's announcement for creditors of Ireland and Portugal is therefore likely to be credit-neutral," it said.

The cost of insuring most peripheral euro zone government debt against default rose on Monday on market doubts that the fresh aid package for Greece agreed last week will protect bigger economies from contagion.

Standard & Poor's and Fitch rate Greece CCC, broadly in line with Moody's rating. S&P has not yet said how the EU summit deal will affect Greece's rating.

Hi,

Tonight if cable fill 1.6450 then good for take short but it should happen before Japan session...