Jazz Live debuts

With Australian retail sales beating the estimates, this morning mover has been the Australian currency.
The following are the readings for the currencies which are tracked by the jazz trading system
AUD: + 0.11
CHF: +0.07
EUR: +0.1
GBP: -0.29
CAD: -0.15
DX: -0.03
The AUD strength is rising on a curve above 0 this could be a signal for a new wave of strength and has the potential to rise against currencies like EUR and CHF which both are falling the strength. The downward spiral on these currencies once it breaks below 0 level could signal a fall against the rising AUD. Therefore both EURAUD and AUDCHF are pairs to watch out.
Watch the London opening on how the fallen GBP retraces back from friday moves. Currently GBP currently is well under the 0 mark but is starting to show an upward trajectory on the strength. However we need to wait for London open whether it will retest the new york lows or will continue to retrace higher.
We have taken two trades:
GBPAUD and AUDCHF on the trade copier with a tight tolerance.
You can register to the trade copier: http://jazzforex.com/?page_id=9
We are over 250 trades in count and hence fairly well established with our trading.
You can login to the trade copier: http://copier.jazzforex.com/
The myfxbook link: http://www.myfxbook.com/members/marketedge/jazz-li...
Do not forget to click the follow link in myfxbook.
Have a good day.
Cheers
Jazz Team, Asia Australia Office,

A sample question by person;
Hi, I read this morning that you took a trade on GBPAUD. Can you tell me a little more abour that specific trade ?

This is our answer as it could help others who are joining us from here:

"Hi Michael, the GBP trade was specifcally taken because AUSSIE as a currency was strengthening earlyinto Asia. It was partly because of the retail sales beat.
On our system which we call AWTS (advanced Warning trading system), it flagged when AUD strength went up from 0.1 to 0.15. So it told us to long AUD. Then we needed the currency to short against AUD. So we found that GBP was in minor zone of indecision. Not exactly weak or strength but it was weaker than EUR, CHF so we decided GBPAUD as a trade to take advantage of AUSSIE strength. However, the trade did not work and we closed it with little loss.
Its all about searching for the opportunity flagged by AWTS. If it works, we make 5 to 10% a day. If we do not, we lose 1 to 4 % a day.
That is why we are sitting on 30% gain in less than 30 days of retail trading. We always ensure that the risk to reward is to be big. John"

In forex trading, it is absolutely vital to have risk to reward on a trade as well above 1. Unless you find trades where reward is 2 to 8 times the risk you take, you will always have a tough time trading forex.

The Jazz Trading system is one such system where it can have its down days but when it wins, it will wipe of loss days and make the winners really count. The system is not dependent on opinions and biases of the traders. It is a statiscal mathematical trading system which is based "risk small and the winner takes it all".

http://jazzforex.com/?page_id=9

A lot more explanation a bout how Jazz system works: http://jazzforex.com/?page_id=11

Given the amount of interest and emails we are getting, we have decided to start a "Forex Trade Room/ chat room". The room will be open 7 days a week for all session of the day. So anyone from any part of the world can join in. However in order to keep trolls out, it will only be open to our subs.

The other thing you need to know as a sub is that it is completely upto the subscriber on how to deal with how much exposure you need to the signals.

For example last updated our returns stood at 32% in 250 trades since 15 July. However a sub can vary the exposure factor within the trade copier and make 15% or 64% depending on how much exposure you take. Obviously if you make 64% then your account will also have double the drawdown than normal.

EURJPY closed for a 3% gain.

Existing trades are GBPJPY (BIG SIZE), GBPAUD, AUDCHF, CADCHF, EURAUD (BIG SIZE)

latest post: http://jazzforex.com/?p=109

Latest position on Jazz
http://www.myfxbook.com/members/mark...zz-live/973479


AUDUSD longs closed and then new one opened.

Morning currency meter strengths:
AUD + 0.03(UPWARD SLOPE)
DX: -0.11 (NEUTRAL)
CAD: 0 (NEUTRAL)
GU +0.37 (DOWNWARD TREND)
YEN: -0.05 (UPWARD TURN

The volatility meter is medium and therefore trades can be initiated.

Latest post:
http://jazzforex.com/?p=112

A testimony from one of our clients:
"I am excited to be part of your signal service. You are the first that I know of that have deeper knowledge of how a system should work and the metrics to analyze." - Nikos


Thanks and we are excited to give something useful and profitable to retail investors.

http://jazzforex.com/?page_id=9

Today trade winners with a3% gain as GBPJPY and EURJPY closed.

Trades exist on USDJPY, GBPJPY

The losses trades are in AUDUSD.

Total performance at 33.8%.

http://jazzforex.com/?page_id=9

We are actively serving licensed CTA as well. So if you are CTA serving clients at different brokers, feel free to contact us.

The latest post
http://jazzforex.com/?p=117

It is very important to monitor a trading system by mathematical parameters and metrics to understand if it is doing as per design. Which is why we designed the TSS score. Any system with a score below 1.5 is not worth trading even if it is making returns. The returns dont count because it is an inherently bad system and it will lose money sooner or later.

Always stick with a trading system which has good risk management practices and trading score above 2.

We have taken a few random signals from myfxbook auto trader and shown how the ranking works. Am happy to add others you all think which need to be on the list.

http://jazzforex.com/?page_id=63

We are nearing 40% as Aug performance hits 10%.

http://www.myfxbook.com/members/mark...zz-live/973479

Membership to the copier:
http://jazzforex.com/?page_id=9

Jazz closes short GBPUSD.

Existing trades:
Short GBPJPY in profit by 2%
Short GBPAUD and added
Long EURGBP opened now. small lot

other trades
eurjpy and usdjpy

all opened based on AWTS and orderbook information.

GBPJPY is nearing targets at 172.3 while GBPUSD has more to go to 1.681

eurjpy AWTS indicator allows us to close it for now. But GBPJPY AWTS indicator has gone bearish as it retraces again and gives a great chance.

We hit 40% return mark and 15% for Aug.

There is a EURCAD trade which has been drawing us down by 3% and which we may take a decision to close but AWTS is currently neutral on CAD

AWTS was dead right when it forecasted this yen strength yesterday. Our first GBPJPY short was at 173.4 if you all remember. You can see the myfxbook for a record.
http://www.myfxbook.com/members/mark...zz-live/973479

AWTS shows now that CAD is starting to strengthen with orderbook sales at 1.0980 starting to push it lower. Also AUD is moving north as well.

Existing trades remain:
GBPJPY, EURJPY, EURCAD, GBPCAD, GBPAUD, EURAUD
We have hit 40% return today and 15% for the aug.

http://jazzforex.com/?page_id=9

Our twitter handle is here where you can follow trade closure and openings.

https://twitter.com/jazzforex

Our facebook profile
https://www.facebook.com/jazzforex

We have closed EURAUD trade and GBPAUD trade. Very mild but yet perceiptible slowdown in GBP bearishness. technically GBP could fall more but we are already short GBPCAD and GBPJPY so its best to take cash off the table on GBPAUD.

http://www.myfxbook.com/members/mark...zz-live/973479

Our contact number and email are here:
http://jazzforex.com/?page_id=51

yen strength at peak level. Smallish pause but too early to say whether yen will weaken or continue strength. However given that Jazz has made a phenomenal 9% return today, we have decided to cut exposure to USDJPY and GBPJPY. That leaves CADCHF, ONE EURCAD AND TWO AUDUSD trades open.

Jazz has another positive day as you can see.

Latest post:
http://jazzforex.com/?p=128