Forex blog: Forex Blog by Lloyd (3 сообщения)

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Forex Blog by Lloyd
Scouting for Success in the Forex Market
http://www.scoutforex.com/
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Making Pips from News Trading (4) - US ISM PMI
I) Short GBP/USD - News event: US ISM Non-Manufacturing PMI; Results: +25 & 20 pips

OMG ! We just missed out on a HUGE downside move (i.e. of more than 100 pips!). I have always used a conservative trailing stop level for the 2nd position. Thus, this time round, I only managed to squeeze an extra 20 pips on top of the first targeted 25 pips. Some did better than me, with +36 pips on the 2nd position.

Anyway, I am going to make it into a flexible strategy for the 2nd position. Soon, you can either use my default level, set your own desired level or even make it into a risk-free trade with predetermined target level.

A profit is always a profit. The news trading results for this month so far currently stands at +149 pips from a total of 4 executed news trades. To find out how to trade my news alerts via EA program, simply visit my News Trading Room for more info.

Related post:
Making Pips from News Trading - CHF (Swiss) CPI (Sept 2, 08)
Making Pips from News Trading - CAD GDP & US Chicago PMI (Aug 29, 08)

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Release of Forex Autopilot New Version
New ForexAutopilot version is the latest released updates from Forexautopilot CEO Marcus B. Leary and his development team.
According to Marcus, the new forexautopilot boosts more effectiveness, eliminates its greatest weakness during the bearish-oriented market cycle and works exceptionally well now in both market directions. The New FAP will not have any problems trading the downtrend like 2005 and the current market situations in 2008.

The latest changes include:

* New optimized algorithm to decrease the possible drawdowns and increase the profits
* Global MA indicator trend control feature. Now FAP works great for both bullish and bearish trends!
* Adjustable times. You can now set the exact time you want FAP to start and end trading!

Members are asked to redownload the new FAP robot from the membership page asap.

I do hope these claims are true and I will not be required to write another "What happened" post in future.

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Action Packed News Trading Activities for Tomorrow, Sept 4

Also coming up this Friday, do not forget the releases of US Non-farm Payrolls (NFP) job report as well as the CAD employment change report.

Click here to learn more about ScoutForex News Trading Service

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