Forex blog: Forex Blog by Lloyd (10 сообщений)

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Forex Blog by Lloyd
Scouting for Success in the Forex Market
http://www.scoutforex.com/
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Newstrading Update: ECB Cut Rate by 50 Basis Points
Soon after the (Newstrader EA) program's exits, we saw the EUR/USD market did a major reversal of more than 150 pips. The program managed to make a lucky escape just in time. I was quite pleased with the fast scalp which in the end yielded a total of +58 pips.

News Event: ECB Press Conference
Long EUR/USD @ 1.3186 for +25 & 33 pips

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Newstrading EA: Making the Most Out of UK Rate Cut
The Bank of England has cut interest rates to 1.5%, the lowest level in its 315-year history.

I managed to established two long positions with the newstrader EA, and the newstrading program gave me the largest profit of this month so far (+89 pips).

Below is the price action following the interest rate announcement.

Long GBP/USD @ 1.5110 for +25 & 64 pips

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The Start of 2009 & Daytrading Routine
Monday marked the start of the first full trading week for 2009. I officially kicked off my new year trading with two straight winners. Price volatility had come down quite a lot recently and I was able to make good use of my day trading program/plan. Owing to efforts made in 2008, now I keep a simple, automatic and discipline daytrading routine.

Below shows the two newly closed positions. The captured screenshots show my EA program's automatic entries and exits. Two exit targets were employed which produced a combined profit of +139 pips with the use of EA programs. A possible +85 pips with manual trade. All real-time trade entries and exits can be found on my daily spreadsheets - which is made available to my program subscribers.

European Session
No. of signal recommendations: 1
End-of-session results: USD/CAD +85 pips

100-pip EA
No. of auto-entries: 1
USD/CAD +40 & 43.5 pips
EA screenshot attached:

Day 15 - London Open Breakouts
No trade EUR/USD
Short EUR/JPY at 127.087 with stop at 127.687. Final Profits: +40 & 15.5 pips
EA screenshot attached:

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Last-Gasp 2008 Winners & Let's Start Over Again
100-pip EA Program @ ScoutForex (+233 pips for the month, +3,793 pips for the year)
Wed, Dec. 31st
USD/CAD + 40 & 50 pips

Tue, Dec. 30th
AUD/JPY + 40 & 73 pips
USD/CAD + 40 & 100 pips

Newstrader EA Program @ ScoutForex (+411 pips for the month, +3,317 pips for the year)
Tue, Dec. 30th
US Consumer Confidence + 25 & 46 pips
US Chicago PMI + 1 & 1 pips

2008 was finally behind us. Nonetheless, it was an exciting and rewarding year for all of us. Let's hope we can keep this up in the new year.

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End of Year & Daytrading Profits
Last full trading week of the year. We managed some strong gains today using the same daytrading method I introduced back in February. The system had proved useful and carried me far this year.

During these couple of months, I setup a lot of day trades which gave me a lot of small but consistent profits. Using the same approach, just recently, I also managed to establish some long-term positions which had become fruitful as the US dollar got seriously hammered in the last few days. I had been adding positions since November 24: Discretionary Forex Trades Paying Off For Now.

It has been an eventful year for me. I am grateful with the results. We'll be winding down our trading for the year and getting ready for 2009 as we draw closer to the holiday period.
Today's Signals: European Session

No. of signal recommendations: 2
End-of-session results: GBP/USD +95 pips & GBP/JPY +175 pips

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Ecstatic London Open Breakout Actions on Friday (Day 13: +787 pips, Up 229 pips)
Day 13. London Open Breakouts. Overnight action saw the yen rallied to multi-year high against the dollar to 88.53 at one point. Yes, 88.53. This was due to the auto-bailout vote failing at the senate. Anyway, at the opening of the London trading session, we went long in the Euro markets, i.e. Long EUR/USD and EUR/JPY.
Here are the results !
Long EUR/USD 1.3298 with stop at 1.3228. Final profits: +40 & 49 pips

Long EUR/JPY 119.47 with stop at 118.87. Final Profits: +40 & 100 pips

All Results Since the Start +787 pips (Also click here to subscribe)

I may post some screenshots with LOBS' entries and exits later.

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Boosting the Cross-Yen Account by Few More Pips
The end-of-session daytrading system had added three more cross-yen winners for this week. Up 400 pips for this month so far. I really liked watching the price action this week. Hope we could continue to find more winning trades.

Check out this encouraging post: Day Traders Thrive in Volatile Market

Europe Session
No. of signal recommendations: 3
Cross- yen results: EUR/JPY+10 pips , AUD/JPY +10 pips & CHF/JPY +30 pips

100-pip EA
No. of auto-entries: 1
EUR/JPY +40 & 7 pips

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My Simple Yet Effective Trade Ideas
Daytrading sessions resumed today. My method had immediately yielded good payouts with the yen-crosses pairs in the US session. Final results of +315 pips.
US Session
No. of signal recommendations: 4
Yen-crosses results: GBP/JPY (+195 pips), EUR/JPY (+50 pips), AUD/JPY(+70 pips) and CHF/JPY (0 pip)

100-pip System
No. of dynamic entries: 2
GBP/JPY & AUD/JPY

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Bank of England Cut UK Rates to 2% Today
Is the US FED to be the next central bank to cut rate on Dec 16?

Click here for the latest World Interest Rates Table.

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London Open Breakout System (Day 10: +751 pips)
Day 10. London Open Breakouts. Today's entries and exits are as follows.
Long EUR/USD 1.2610 with stop at 1.2550. Final profits: +40 & 31 pips

Long EUR/JPY 117.51 with stop at 116.91. Final Profits: +40 & 31 pips

Cumulative Results +751 Pips so far

EA screenshots attached:
Long EUR/USD @ 1.2610 for +71 pips

Long EUR/JPY @ 117.51 for +71 pips

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