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Forex Blog by Lloyd
Scouting for Success in the Forex Market
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Making Pips From News Trading (3): CHF (Swiss) CPI
The News Trading Program executed its first news trade for the month in the USD/CHF market this morning. The Swiss CPI reading was released lower than expected this time round.

We successfully captured our first target +25 pips, but unfortunately due to the larger-than-expected price retracement, the 2nd position was out only at +13 pips. The price had rebounded strongly soon after the program's exits. :( unlucky....

Note that the the currency markets are currently in a chaos mode, as the unwinding of carry trades intensifies and the US dollar continues to surge ahead. Furthermore, this week will also see the releases of several interest rate announcements, the European Central Bank press conference and US Non-farm Payrolls (NFP) job report.

I will be covering all the above major news trading events as part of the news trading service. This could be the most important and exciting week in the forex market when comes to trading the forex news events. Stay tune for more updates.

Previous posting:
Making Pips from News Trading - CAD GDP & US Chicago PMI (Fri, Aug 29)

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Day Trading Service: Trading Report Aug' 08 (+760 pips)

Fact 1: Major-Pairs Results +760 pips; Yen-Crosses Results +415 pips; 100-Pip EA Results +2038 pips

August was the month in which the US dollar finally rebounded strongly after long-term periods of underperformance. Simply look at these quotes for the major pairs:

August 1 open / August 29 close / monthly change in term of pips:
GBP/USD (1.9832 / 1.8203 / -1629) ;
EUR/USD (1.5598 / 1.4673 / -925) ;
AUD/USD (0.9412 / 0.8580 / -832);
USD/CHF (1.0474 / 1.1012 /+538);
USD/CAD (1.0229 / 1.0639 /+410);
USD/JPY (107.85 / 108.80 / +95)

We were able to take advantage of the strong market movements and made most of our gains from both the End-of-Session and 100-Pip Systems.

Fact 2: Up Seven Consecutive Months Since Inception & A Record-breaking Profitable Month

August was a record-breaking profitable month for our daily live trading sessions which produced a total of +760 pips for the major pairs. Profits were made from EUR/USD (240 pips), USD/CHF (+180 pips), GBP/USD (+125 pips) and etc. In addition, the 100-pip ea system managed to top that with a combined total pips earned of +2038 . All the latest results and breakdown of trades can be found here.

Fact 3: Individual Performance Overview & EUR/USD as Top Performer

EUR/USD is still the biggest gainer of all since the start, closely followed by USD/CHF and USD/CAD.

Results summary:
EUR/USD +695 pips
USD/CHF +485 pips
USD/CAD+420 pips
GBP/USD +135 pips
AUD/USD +60 pips
USD/JPY +45 pips

Looking at the current and past stats, all results begin to add up and look ever more promising. With the latest addition of 100-pip EA Trading Program, I believe that we are already well-positioned to capitalise on the methods and continue to make gains in the currency markets.

Last but not least, all ScoutForex readers can simply join our growing forex daytrading group today and learn instantly how to build confidence, generate a sense of control and make consistent monthly trading gains with ScoutForex DTS.

Previous Reports:
Day Trading Report Jul' 08
Day Trading Report Jun' 08

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