4700 PIPS IN ONE TRADE?! (Premium Signals Service)

4,700 pips won on a single trade. That's right. Striking when the iron is hot, is what exactly we have been doing. For the last couple of weeks, we've bagged a couple of decent trades; pretty damn good trades actually, if we spared you the modesty. We won some 1,300 pips on USDTRY, are riding on about 3,300 pips on USDNOK, and today booked a huge winner on USDZAR - a currency pair most retail traders probably never even heard of until now.

Click below to find out how we did it:
http://www.businessoffinance.com/tra...ar-profits-big

Click below for more information on our Premium Signals Service (includes FREE Trial!)
http://www.businessoffinance.com/premium-signals

Premium Signals Track Record:
http://www.businessoffinance.com/pre...s/track-record

Our chart documenting the trade in question.

This is also available on the article itself.


Caption form the article (partial):

Note: These 2 charts are themselves 1 hour outdated prior to trade closure. As of writing, our short USDZAR trade has already been closed out.
We have also included the actual trade ticket of our conclude USDZAR short trade.
Our single short position on USDZAR was initiated on 6 April last week at a price of 15.1200. The trade has since been closed via a take profit buy limit order at 14.6500 resting inside our primary target, netting us a gross profit of 4,700 pips (+3.11%).

We have covered some of our other big winners on the site too. Here, we discuss our massive winners on our USDNOK shorts that were closed out earlier this month.

3010 pips, +3.55% on this one!

http://www.businessoffinance.com/tra...-pays-off-well

And YES, these trades were sent and made available specifically for our Signals Service clients!

Click below for more information on our Premium Signals Service (includes FREE Trial!)
http://www.businessoffinance.com/premium-signals

Premium Signals Track Record:
http://www.businessoffinance.com/pre...s/track-record

Please reply here or drop us an email at [email protected] for more info!

The supporting trade ticket for our base short position on USDNOK. This trade was closed out earlier on via a take profit buy limit order at 8.1650. This netted us a profit of 3,010 pips, or +3.55%.

Remember that you can field any questions you have for me here, I'll be ready to answer them!

This week was quieter on our end, but no worries, markets are not going anywhere. Profits are always there for the taking. There is no real "best" time or period of the year to trade, if you are good, you make returns consistently. With consistency comes confidence. That is what we aim to provide with our signals service.

Some of you have been asking for examples of live, closed out trades from our Signals portfolio.

Here's the link to view all of them!
http://www.businessoffinance.com/pre...s/live-trades/

Again, drop us an email at [email protected] if you have any questions.

We don't just trade FX, we trade equities/CFDs too!

We make quite a strong amount of profits off trading equities based CFDs such that the S&P500, which is popular amongst many traders and has some correlations to the broader FX market.

Earlier this year, we covered a huge short, netting some very decent money and increasing our profitability in the process. Yes, this trade was made available to our Premium Signals subscribers too! We discussed this trade in a full analysis article. Read the excerpt below:

"We made several trades, which will term 'good', this past week. One being our short GBPUSD trade (to the pip). Of course we don't publish all our trades; time is better spent managing our books and generating new ideas as the markets move with great velocity. We've had our hands totally full this week but we wanted to give readers a glimpse of how we managed to bag one of our largest winners on the SPX (S&P 500 stock index) despite the highly volatile environment.

http://static1.squarespace.com/stati...9745/image.jpg

Our short SPX trade was closed Wednesday (1/20) via a pre-set take profit buy limit order placed at 1820. We walked away with +87 points, or +4.56% in profits. Many subscribers of our Premium Signals Service took this trade alongside us and also profited."

http://www.businessoffinance.com/tra...fits-big-again

Do you want to make money and be CONSISTENTLY profitable in trading?
Join us TODAY!

Our short SPX trade was closed Wednesday (1/20) via a pre-set take profit buy limit order placed at 1820. We walked away with +87 points, or +4.56% in profits. Many subscribers of our Premium Signals Service took this trade alongside us and also profited.

Hi, Ken

Please post a TE or myfxbook of your results. I also noticed on your website you have no company name and address., please post the details.

MT

Hi mytrader1961, did you try clicking through my links? The Track Record is linked in the very first post via this link:
http://www.businessoffinance.com/pre...s/track-record

The page itself has a link to our Myfxbook directly.

For those who wish to view our Myfxbook directly:
http://www.myfxbook.com/members/BOFSIGNALS

Thanks, Ken , will take a look.

Welcome mytrader1961, any questions, feel free to message me directly.

Well I don't get it Ken. You trading exotics (except SPX) which can be very very difficult to get out of and with huge spreads.

Now if you are getting these results the classic question is why are you selling signals ? Guess is you don't have capital to trade.

Good luck.

checked out myfxbook stats. Nothing to write back home about. 40% DD with 55% return. Hmm...

Also yous are talking about 3300 pips in USDZAR. Well that's cool but it's not very meaningful, since UZ pretty much moves 2500+ pips per day.

So yeah overall you gotta improve big time. 40% dd is fine if you get abs returns >500%. But DD=abs returns not impressive.

Good luck with the thread.

Hi claudia1, thanks for joining the discussion. We do trade the majors too! It is just that we are very diversified in what we trade. That being said, we recently focused on USD based exotics, because we were searching for trades that enabled us to trade our short USD bias with a good risk to reward profile. Emerging currencies fitted that profile nicely.We explained the rationale behind that in detail here:http://www.businessoffinance.com/trades/We do get that question alot! The answer is: diversification. We were already trading our own capital and writing extensively on the financial markets and other interesting topics. A revenue stream outside of trading would be useful in taking our business to greater heights. And yes, being a signals provider does improve your trading! (no further explanation needed)We have plans for other stuff but for now, we stick to what we know and are good at.

Hi asgcorp, appreciate your comments here!The 40% DD occured when we first started the Premium Signals service. It will be there forever unless we switch to a new Myfxbook account, which we have zero intention of doing. We have since rebounded very strongly (hallmark of a disciplined trader) to achieve the results that we have now. We are proud of it and so are our exisiting clients! 😆4700 pips on USDZAR is still nearly 350 pips on EURUSD...nothing to scoff at really 😎Thanks for the comments!

To signup for our Signals Service, drop me a pm or visit this link:

http://www.businessoffinance.com/pre...als/subscribe/

Active PayPal account needed, cause we care about security

Hey Ken,
it's interesting that you traded USD/ZAR, because that's a pair I traded too in the past (when it was in that crazy uptrend) and now I am watching it closely, looking to go short for a long term trade.
My question is: why didn't you hold that trade for much longer? I mean it was a smart move to catch the retracement of that 3rd spike up, but don't you think that the Rand will go up in the future?

Hey I'm not Ken, but still I do trade UZAR every week. Be very careful here and if you do plan to go short (which I kinda see why looking @ HTF charts) now is a very bad timing. Last 11 years UZAR went up in May, so just be careful you are shorting into strong USD seasonal pattern. Anyway good luck and take care.

PS: here's a supplementary chart on daily. One way of looking at weekly is that we topped out with the pinbar. However, if you look at daily it looks more like a bullish flag pattern in the uptrend and you'd be shorting right @ the bottom of the flag. UZAR can overshoot into 15 this week on FED. )))