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

Quoting asgcorp

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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...

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Quoting asgcorp

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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.

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Quoting Xumm

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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?

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Quoting Erebus

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{quote} Yes, I agree, pips are NOT the best standard for reporting Report as Risk to Reward is the most understandable; who knows, it might even make the trades look as good or better! And it's not that hard to work out either. Cheeers, John

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Quoting ken20008

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{quote} Great point! That is why we provide a return percentage for all our trades. This USDZAR short is about 3% return - not too shabby if you ask me!

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Quoting Erebus

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{quote} Yeah, percentage is okay, much the same as R:R, just mention the risk taken per trade, assuming it is the same each trade say 1% or 2% Then if the return is 3% on 1% risk, we know R:R is 1 to 3 Saves the noobies looking at a number of 3,300 pips and thing they can risk $1 per pip and be rich quick !! Thanks, John

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Quoting ken20008

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Adding on to that - we have a 3 Day Free Trial available for our Premium Signals Service. Sign up today and experience the system that brought thousands of pips, thousands more dollars and 49% return in 6 months. We've got more to come - this is just the beginning! (WITH THREE DAYS FREE!) SIGN UP HERE: http://www.businessoffinance.com/pre...als/subscribe/ MYFXBOOK TRACK RECORD: http://www.myfxbook.com/members/BOFSIGNALS Some of our past trades below.. {image}

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Quoting mytrader1961

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Ken What type of strategy are you running as the drawdowns are huge and almost matches the gain? Why such big losses in individual months? MT

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Quoting ken20008

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Quick roundup of our thoughts and focuses for this week: The news that the Doha oil output freeze meeting had failed hit markets at the Asian open. Commodity currencies fell as another news item was gaining traction in the energy sector Kuwait oil workers had entered an oil strike, which for all intents and purposes had a bigger impact on oil prices, a reduction in crude output which even Doha participants said was not in the cards. Efforts from Organization of the Petroleum Exporting Countries (OPEC) and Russia to return to the negotiating table...

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