This is the final in our series of ‘Why a slow month can be still be positive’… and today a good example of why safety sometimes can cost you a profitable trade … but in the long run keeps your account growing rather than shrinking…
US NON FARM LOCKS IN MOVEMENTS FROM 1 PIP TO 35 PIPS…
The US Non farm did not react as violently as expected due to many banks being closed for Good Friday however it did hit our triggers and provided for some good profits.
In the Forex Live-on-the-News trading room we use software that moves our stop to +1 pip once the market has moved 7 pips which is a great safety precaution however it can be a double edged sword.
This protects us from whipsaw markets but occasionally we will get stopped out with 1 pip profit and wish we hadn’t.
Fortunately we did not get stopped out but some traders did - scoring only 1 pip movement.
Others made very good profits on this trade.
Check out the video at:
http://forexmastermaker.com/vid/usnfp4607
[** NOTE REGARDING TRADER COMMENTS AND TESTIMONIALS: Trading in the off exchange retail foreign currency market is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Please see full disclaimers at the end of this email]
COMMENTS FROM TRADERS…
Read comments, reactions, successes and problems from many traders in the Forex Live-on-the-News trading room…
08:32:07 {pipman} EA took me out with 1 pip profit
08:32:36 {Jason_C} i got stopped out at 1 pip
08:33:05 {DouglasS} got in at 84 and out at 69. My take profit stop loss kicked in
08:34:38 {Anthony_W.<EN>} mtp tooke me out with 1 pip profit
08:36:22 {Larry_R} Strange. Got in at 84, took 1/2 when you said and set up to take the other half and was already out of all. ManageTP took all, I think, at 69 for 15 pips
08:37:30 {BillS} in at 84 out at 60
08:37:36 {John_G_from_Atlanta_GA} On ##### I was in at 84 and out at 69 so 15 pips profit! thanks Dustin
08:38:20 {Dillard_from_Houston} thanks for a great trade yesterday; today I got stopped out at 1 pip
08:38:37 {Philip_C} in at 9684 out 9683 1 pip!! Still successful trade!!!! No losses!!
08:38:51 {Herb<DE>} RSS clicked at 73 and reuters at 69!!
08:39:10 {rcffgroup} 35 pips, Thanks
08:39:37 {max} got 18 pips
08:39:40 {Jon} 12 pips
08:39:44 {al} 30 pips
08:39:44 {Tom_F} stopped at +1 pip
08:39:46 {xiping_m} 30 pips
08:39:53 {Craig_P} Craig P made 20 pips
08:39:56 {ccummings} EA took me out with 1 pip…better than a loss. Got back in to take 7.
08:39:59 {Giovanni_B<IT>} 22 pips. Thanks
08:40:07 {diogom<PT>} got only 14 pips, I started clicking to get out with 30 pips but got ‘accept new price’ 3 times
08:40:13 {DavidF} I’m out with 16 pips profit, at one time I was up I believe about 33 pips.
08:40:35 {markh} 30 pip spread and got out with 4 pip profit. 30 pip spread sounds very big compared to other people who are getting 30-40 pip profits.
08:40:55 {Elwin_W.} stopped out of half BE +1, +27.5 pips on second half. filled at 9684
08:42:58 {Nas<EN>} I took 20 pips on half and around 9 on a trailing stop being taken out
08:48:06 {Michael_K} in at 1.9687, out at 1.9662. 25 pips
08:48:08 {markus<DE>} Dustin-in 71-out38…33 pips GOOD JOB
09:15:17 {jeff} I was OK I ended up with and additional 30 pips
TO START YOUR PRO TRIAL ACCOUNT WITHOUT DELAY, CLICK HERE…
http://www.forexmastermaker.com/forex.php
Trading profitable is a disciplined endevour. In the Forex Live-on-the-News trading room, you get to watch, look and learn before you jump in with your own money…
LIKE TO GET IN ON THE ACTION YOURSELF?
Sign up for a Pro Trial account today, and you can be in on the trading room action tomorrow…
Whether you choose to trade or simply watch and learn until you are ready, it’s easy with our $2.99 for 14 days Pro-Trial account.
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http://www.forexmastermaker.com/forex.php
Good Luck trading!!!
Dustin Pass Fund Manager/Mentor www.forexmastermaker.com www.forexmastermaker.com/risk.html
‘I wanted to report the success of the NEW RSS. I traded the UK Retail Sales this morning on two different brokers simultaneously with the following results: Interbank FX (IBFX): 24 pips / IFX Markets: 27 pips.
‘My entry and exit on these trades spanned less than 30 seconds. Thank you for the great software and for your service… –Victor H., Sugar Land, TX
‘My first successful trade using Auto-click. It was so fast I didn’t even know I was in until I looked at my account within 2 seconds of the lights going off. Official Time and Auto-Click were at 4:30:00/01
‘I used the Medium risk triggers but it was not necessary for this trade since it hit the original Safe Triggers.
‘IFX put me in 8857 and I closed at 8887 for 30 pips and was executed at 4:30:01. I traded 1 Standard Lot. Not bad. Almost enough to pay the subscription within seconds…’ –Jack M., Marion, IN
‘WOW, stunning… First RSS trade with CAD this morning worked great for me. Your auto click software is still a mile ahead of anything else out there.’ –Jason, T., Wyoming, MI
‘Thursday did 25 demo pips on Consumer sentiment. This really works at the speed of the light.’ — Franc B., Skofja Loka, Slovenia
TO START YOUR PRO TRIAL ACCOUNT WITHOUT DELAY, CLICK HERE…
http://www.forexmastermaker.com/forex.php
‘The autoclick worked perfectly on MT4 with IBFX. I was instantly up 40 pips. It was a highly profitable trade… I just looked and discovered that it took me in at 1.1337 which was the highest point on the 1 minute candle at 7 AM!!
It was not possible to get a better quote than that!’ –Barry B., Meachanicsville, VA
‘RSS is the missing link. My average speed is between 15 - 23ms.
‘RSS is an incredible tool, which I believe will solve the problems that we encounter when trading the news (poor execution from brokers. Since we are ahead of the spike).’ –Anthony W., Raleigh, NC
‘Your service is the absolute best I have found. During the 2-week trial period, I was able to experience several good trades… Unfortunately, I was not trading on my live platform…
‘Thanks for making the trading experience a lot less stressful and easier…: –Robert H., Ferndale, WA
‘My first trade using RSS I had paid for the monthly subscription. We’re talking within seconds. I estimate that with RSS, I could solely trade news as my primary source of trading income — a statement I never thought a sworn Trend Trader would ever make.
‘But it’s not only RSS that’s helped my trading. It’s Dustin’s way of trading…which includes his attention to historical detail. It’s not like this guy is just throwing lots at a release without a thought. He meticulously plans each trade. — Woody H., Discovery Bay, CA
‘While the other service (I have been using) was faster at getting out the signal, they had a terrible method of managing a trade. Their understanding (or lack of) of technicals meant that they were guessing blind on what was a good place to get out of a trade.
‘Once I had your service, I got in with their calls, but was able to listen to your advice and look to your charts for the levels that made sense to get out.
‘Now, your service is at least as fast, possibly faster than their service, which takes away the only advantage they had.’ –J J., Tokyo, Japan
‘Only 47 milliseconds to London, United Kingdom.’ –Guy B., London, UK
‘I live in Marion, IN… I have this system loaded on 3 computers at 3 different locations in my city (North, South and East) and the speed test is anywhere between 23 and 31ms. Awesome!’ –Jack M., Marion, IN
‘Excellent concept, as it not only provides the direction of the price movement, but also a risk grade (medium or safe trade). RSS transmitted to New Zealand in 130 milliseconds.’ –Geoff, Auckland, New Zealand
TO START YOUR PRO TRIAL ACCOUNT WITHOUT DELAY, CLICK HERE…
http://www.forexmastermaker.com/forex.php
* Please remember trading currencies is very risky and you may lose all or some of your investments.
* Past Results Performance Disclosure: Past results are not necessarily indicative of future results.
* General Risk Disclaimer: All Trading involves risk. Leveraged trading has large potential rewards, but also large potential risk. Be awareand accept this risk before trading. Never trade with money you cannot afford to lose. All forecasting is based on statistics derived from past performance of any trading methodology is no guarantee of future results. No ‘Safe’ trading system has ever been divided and no one can guarantee profits or freedom from loss. No representation is being made that any account will achieve profits or losses similar to those discussed. There is no guarantee that, even with the best advice available, you will become a successful trader because not everyone has what it takes to be a successful trader. The trading strategies discussed may be unsuitable for you depending upon your specific investment objectives and financial position. You must make your own investment decisions in of your own investment objectives, risk profile, and circumstances. Use independent advisors as you believe necessary. Therefore, the information provided herein is not intended to be specific advice as to weather you should engage in a particular trading strategy or buy, sell, or hold any financial product. Margin Requirements, tax considerations, commissions, and other transaction costs may significantly affect the economic consequences of the trading strategies or transactions discussed and you should review such requirements with you own legal, tax and financial advisors. Before engaging in such trading activities you should understand the nature and extent of your rights and obligations and be aware of the risk involved. Your actions and the results of your actions in regards to any information you receive from ForexMasterMaker or any of its staff are entirely your own responsibility. ForexMasterMaker or any of its staff can not and will not assume liability for any losses that may be incurred by the use of any information received from ForexMasterMaker or its staff. Any such liability is hereby expressly disclaimed.
* Hypothetical Disclaimer: All results are considered to be hypothetical unless otherwise specified: Hypothetical performance results have many inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Furthermore, only risk capitol should be used for leveraged trading due to the high loss involved. One of the limitations hypothetical performance results is that they are generally [prepared with he benefit of hindsight. In addition , hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example the ability to withstand losses (and incur account draw downs) or to adhere to a particular trading program in spit of trading loses are important issues which can also adversely affect actual trading results. There are numerous other factors related to the market in general or to the implementation of any specific trading program, method or system, which cannot be completely taken into consideration with hypothetical performance results and will affect trading results and your P/L.
* Testimonials: Unique experiences and past performances do not guarantee future results. Testimonials herein are unsolicited and are non- representative of all clients; certain accounts may have worse performance than that indicated. Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine ‘risk’ funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No ’safe’ trading system has ever been devised, and no one can guarantee profits or freedom from loss.
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