Jazz Live debuts

GBP has been on an interesting downleg. It has lost for 8 weeks in a row. The last time this happened was in 1976 during the GBP crisis. What are we heading into? Carney will pay a heavy price for leading markets the wrong way by saying rates are going to rise. That was back in June. No one knows why he said that. UK wages have been downward. Inflation well under 2%. GDP was heavily manipulated number so no one really cares whether it is 3.2 or 2.2%. Yet Mr Carney decided to lead the markets the wrong way back in June. Then he said wages and productivity are an issue in Aug and markets immediately knew this man has no clue. GBP below 1.66 lost more than 700 pips in 2 months. What a fall!!!

Trades closed gbpcad

new trades
cadchf
usdchf
eurgbp

please note our skype id is forexjazz

GBPCAD is a very good trade to watch. Jazz si signalling constant weakness in GBP and strength in CAD. USDCAD is not the pair to look for CAD trades but GBPCAD and CADCHF. Today being a friday, am not sure if the markets will have the appetite to take out 1.8130 with force. This is a big fall if it is gone.

Markets in low volatility ahead of yellen. But Aussie is active. Aussie is extremely well bid. The reasons for Aussie outperformance are many.
- RBA neutral stance which means they are fine aussie going to 9500 or 9800
- Inflation pecking up.
- Formation of BRIC bank in China will mean heavy flows into AUD
- Chinese stocks are prepping for a super move higher

AWTS on jazz signalling continued Aussie strength. CHF and EUR losing it. EURAUD is the trade. Watch it.

Exisitng trades

CADCHF
EURCAD
GBPCAD
AUDUSD

We are now hosting many clients MT4 on our server as they take out trades on our trade copier.

It is quite interesting how many of these clients have other signal providers trading for them. Almost universally most of these signal providers use GRID and martingales. Very few are trading good clean forex trades with discipline to cut out losses. There are clients who have other signal providers with deep 40 and 50% DD. Folks stuck with GBPUSD at 1.7 and EURJPY at 143.

Let me advice you folks. I dont know about retail but professional traders will never leave floating losses to more than 5% of their account. Once it hits 5% you close the trades irrespective of what they tell you. This is forex and not stock market where you can take a stock and wait for 5 years. With forex there swap costs and holding costs and you never know what if prices will come back to your prices and over what period of time. In forex trading, do not leave open DD. That is not how you trade. Trading is entering and exiting a trade. If you cant exit a trade and have no discipline about when to cut losses, then they are not traders. Most of these signal providers are failed idiots. They would never ever get a job in trading world with such atrocious risk management allowing clients to have open DD.

These things get reflected in the trading system score which we use to evaluate a trader. TSS is explained here: http://jazzforex.com/?page_id=37

TSS below 2.5 is not worth your time for any signal provider no matter how good he looks on overall gains.

New trades. USDJPY.

Yen showing stability after the blistering move post Fed minutes when Jazz caught the upwave from 103.35 to 103.71

Trades closed
USDJPY hits tp
eurjpy and chfjpy hits tp.

Jazz is up more than 1% for the day.

Total returns cross 70% for the first time,

http://www.myfxbook.com/members/mark...zzforex/973479

We have had a fairly good number of clients sign up from this forum. Am surprised that folks gave us a chance with we having started just on july 15. Yet clients saw something different in our transparency. Also I dont think anyone has even complained about us even once on this forum. So that should let you know, that there is absolutely no manipulation. These are good clean sold forex trades. Disciplined tight money management. We dont take a trade and then let it slip into dd. If it does not work, close it. We cut losses. For us a few closes in losses makes no difference as we look for the "mover". The algo is always looking for a 5% mover but how often do you get a big mover. In the absence of that algo adjusts and keeps taking winners of 0.6% per trade. Today again it goes up 1%.

We are very proud of our trading system. This is how forex trading is done. Have a rock solid system (SQN> 2.5 and TSS of > 3.5) and then manage risks of each trade. If you can do that, you have made it. The other option of course is to join some cheap signal guy charging $100 for 5% a month at 50% DD.

When you have a good SQN and TSS score, performance is automatically very high. These systems with high TSS and SQN will make high returns.

Unbeaten record in Aug: http://www.myfxbook.com/members/mark...zzforex/973479


This is a reminder that we the fee to Jazz will rise to $1100 per four month. http://jazzforex.com/subscribe/
Sign up before that.

If you are trading over 30k, no fees at all. Simply email us and we set you up. You only pay at end of month from your profits. We are very confident that you will make money which is why we offer performance fee profiles.

new trades added
short eurjpy, chfjpy
existing trades: usdchf and cadchf.
cadchf is a risk given the cpi data coming up.

closed USDCHF and EURJPY chfjpy

Jazz crosses 71%. up 1.5% for the day.

http://www.myfxbook.com/members/mark...zzforex/973479

And now we enter into the most eventful session.

canadian CPI, Yellen talk, draghi to speak .......

What can draghi say to put a floor under the sliding euro or will he allow this to go on....and lift europe out of deflation.

Now most traders today would say "hey today is not a good day to trade. its a friday. lots of yellen talk, draghi speaking...not wise to trade today". Not so Jazz.

Jazz makes 1.5% much before they are set to speak. Literally 30 pip ranges on most currencies at max and yet Jazz makes 90 pips and 1.5% on a day of low sideways moves. Thats why Jazz enjoys an SQN of 3.2 and TSS of 5.

The TSS has for the first time crossed 5 today.

When we began Jazz on July 15 it was at 3.8. It has climbed to 5.

http://jazzforex.com/ranking/

Van Tharpe book "Definitive Guide to position sizing"says that a system which improves its trading score as number of trades rise, is a system of tremendous potential. Many forex traders will see their returns fall over time. Why? Because the trading quality falls as number of trades rise. This can be due to fatigue, lack of interest, too many clients etc....
When you have a trading algo managing trades, these things are eliminated. The "human factor" will be eliminated. For example the human factor will tell you that EURUSD culd bounce at 1.34 or 1.355 after falling from 1.4. A trading system will tell you to wait for euro strength confirmation.

Jazz is a trading system. Its a set of rules and codes in a computer and completely oblivious to biases and opinions. And this system has just improved its SQN from 2.8 to 3.2 and TSS from 4 to 5. As per the man who invented these metrics, this is a special system. And that is also reflected in the returns it is making.

CPI numbers on CAD say 2.1% against 2.2% exp. But retail sales beat the hell out.
Canadians really went overboard with their shopping.

GBPCAD massive rejection of 1,82.

Watch if it breaks 1.813.

The biggest risk today is draghi. Yellen will be mildly dovish but if Draghi says something like Europe is healing crap...the EURUSD could lift.

But if drghi continues his dovish talk, EURUSD could hit 1.323

Relax. I've asked Mr. Draghi not to speak.

Hopefully he will listen to you. COT is carrying over 100k shorts on euro. Thats a record for the last 2 or 3 years I believe. Those guys are maybe counting on draghi to speak

That is a lot of Euro dumpers BTW great work on your myfxbook accout.