Forex blog: Forex Blog by Lloyd - 100-pip Trading Setups that Everyone Loves to Score With

Monday, September 29, 2008

Forex Blog by Lloyd
Scouting for Success in the Forex Market
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100-pip Trading Setups that Everyone Loves to Score With
Below are two MT4 forex charts that show our entries in today's EUR/USD and GBP/USD markets using the provided 100-pip EA program.
- Bottom Fishing In US Session and Good Pay-Off Monday
- Find Out More about ScoutForex Day Trading Room
Earlier, we saw the Euro and Pound plunging heavily in the European Session. We were able to take advantage of the several strong technical setups which were present during the US trading session. As a result, we bought both the Euro and Pound and scored well with those two setups (see results below).

Long EUR/USD @ 1.4372 (Final results +137 pips)

Long GBP/USD @ 1.8044 (Final results +78 pips)

On the other note, I also received further comments via e-mail from other 100-pip system users about today's trading action. Alan has recently decided to add and run both the 100-pip and Newstrader EA programs as part of his day trading routine. It's good to have another perspective from other traders.

Alan & Tracey: "Used the 100-pip EA today for the first time and we are still smiling. What a great system. We did start off with a scare though - we stuffed up our lot size and then panicked when it initially went against us. Of course the inevitable, the second we closed out it turned in our favour. Never mind, even with our mess up we still finished with a fantastic result - plus we've learnt the hard way how to enter the lot size (we thought the figured entered would be divided between the 2 trades). So excited about trying the News Trading EA tomorrow. Thanks again."

All ScoutForex readers are invited to join our growing forex daytrading group and learn instantly how to master confidence, generate a sense of control and make consistent monthly trading gains with ScoutForex DTS.

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