Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Get these Forex Scalping Cheatsheets plus the 10X Scalping System FREE. Discover Henry Liu’s 1K to 1MM Trading Formula! Henry Liu: I’ve decided to keep newsletter short and sweet. If you prefer to look at the numbers and get right on to trading, then you are going to love the new format. If you want more detailed analysis, you can always read them at my blog where I share a much more detailed analysis and sometimes with a pre-recorded video to get you familiarize with trading the news…
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NEWS TRADING
Tuesday, August 24 2010
[8:30am NY Time]
We’re getting the Core Retail Sales release from Canada today, and it is a high impact release which may change the short term trend of the market for CAD. Let’s look at the forecast:
Core Retail Sales Forecast 0.1% Previous -0.1%
ACTION: USD/CAD BUY -0.5% SELL 0.7%
The Trade Plan
I’m going to be looking for a deviation of 0.6% for this news. Since the forecast is at +0.1%, if we get a -0.5% or worse, it would be negative for the CAD and we’ll be looking to BUY USD/CAD; however, if the opposite is true, or a 0.7% of actual release, I’ll be looking to SELL USD/CAD. I’ll be looking to trade this release using my after-news retracement method. The idea is to wait for the release, wait for market to spike first, and then wait for a decent retracement before getting in. For a more detailed analysis including Market and Pre-News, please read:
[10:00am NY Time]
US Existing Home Sales is expected to decline from previous month as current market situation is adding more pressure to the housing sector. Here’s forecast:
Existing Home Sales Forecast 4.70M Previous 5.37M ACTION: USD/JPY BUY 5.10M SELL 4.30M
The Trade Plan
Because the Housing sector is one of the most important news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
If our buy tradable deviation is hit, or 5.10M figure is released, we should look to BUY USD/JPY (or GBP/JPY) after the release. If our sell tradable deviation is hit, or 4.10M figure is release, we should look to SELL USD/JPY (or GBP/JPY) as risk sentiment should turn towards aversion.
We’ll be looking to trade this release using the after-news retracement trading method. We’ll wait for the release, wait for market reaction, and wait for retracement before jumping in. For a more detailed analysis including Market and Pre-News, please visit my blog.. Just a quick heads up…I’ve closed registration for 10Kto1MM formula 10 days ago and all of the seats were taken… After sorting out all of the duplicate orders and some cancellation requests ranging from emergency, personal reasons, or just plain old buyer’s remorse, a few more seats just became available… So I’m going to re-open registration for those who missed the last registration, and the doors will open again on Tuesday August 24, 2010 at exactly 12:01pm EDT. Registration will last only 12 hours, and will end at precisely 11:59pm EDT. I’ve also decided to keep 10Kto1MM at the bonus price because last time I changed price back to normal, for about 77 minutes, I’ve gotten over 40 phone calls and 120 emails requesting bonus price… So for the duration of this registration, I’d let everyone in at the same low price… I think it’s only fair.
A question a lot of merchants would like to learn is “Do CFD Trading Systems work?” and if they do why aren’t more people using them? Now we will glance at the important facts you need to know about CFD trading schemes.
The three main aspects we will look at to see if the CFD trading system will function for you are:
1. Test the statistics of the system first.
Before jumping on board of any CFD trading system you should do your due diligence on the very essential ‘numbers’ of the scheme. Some of the more main trading numbers to think of are the average win, average loss, expectancy for a hold for either for loss or win.
Whilst the marketing of any trading system for CFDs is usually brilliant and demonstrates fantastic returns, no one may hide from the real numbers of actual trades performed. One of the most essential trading numbers to consider is the expectancy of the system and will that expectancy aid you approach to your trading aims.
2. What kind of drawdowns does the system possess and are you capitalized to survive those drawdowns?
Most individuals who consider using a CFD trading scheme are just interested in the winning trades and quite often ignore the systems drawdown term. A drawdown is where your trading account sustains a period of losses.
Certain of the best and most profitable trading systems may have drawdowns in excess of 20 to 30% with no leverage. Think of if you annex CFD leverage to the equation you may notice that you could easily clean your CFD trading account quite fast. Always consider the maximum drawdown of the system and define the right risk management strategy to ensure you remain well capitalised.
3. Does the CFD trading system suit your psychological profile?
The last point to consider is if the system meets the requirements of your psychological profile. This can be a bit tricky as you need to understand how your mind works and which way you react to certain circumstances.
As an example you can not be able to handle a big percentage of losing trades but the trading scheme you are looking at is a trend following system with accidental big wins. As you can imagine the vast majority of individuals adore big wins and will overlook the huge percentage of losing trades and start trading a system that is just not appropriate for them.
Thus as you may notice there is a quite more to picking a winning CFD trading system that just trusting the marketing hype.
Get these Forex Trading For ALL 3 FREE Coaching Modules from Elite Millionaire Traders. Discover Forex Bulletproof. Master these Forex Charts! Automated trading is the name of the game now. Every few days, you will find a new forex robot being launched with the developer claiming to have already made a fortune with that robot. So now you can find many good fx robots in the market. The problem with the brokers continues. Most of the brokers use unethical practices in making these robots fail.
A few days back, one of the readers left a comment on my blog about the forex trading scalper that he was forced to close the trade manually as it was not closing the trade. Now, this problem can be due to using unoptimized settings or it can be due to the broker.
If you are using a narrow slippage setting like 3-4 pips than the robot will get a requote error due to which it may not automatically close the trade. If this is so you should test with a wider slippage settings. Now, always remember, you win, you broker loses and if you lose your broker wins. Trading is a zero sum game. So if you win, it has to be your broker on the other losing side.
What this means is that your broker will use all sorts of tricks to make you trip and lose. FAP Turbo was a very successful robot when it was launched. It was consistently doubling the capital. The brokers suddenly started widening the spreads when it would trade. Thus forcing it to lose the trade.
In the same manner, you may find mysterious disconnections when trading. If you ask the broker, he will blame the internet connection. Especially if you are trading a larger lot be careful. The best way is to trade a mini lot when using a forex robot in the beginning. Sometimes, the brokers will give error messages like misquotes and reqoutes. Whatever, there are many tricks the broker can use to make your forex robot lose a trade.
Then, many fx robots are scams. Many developers don’t know anything about forex trading. They copy and steal others code or just use the free code that is available online, rename it and start marketing it as a new fx robot. Now, trading with such a robot is of course a waste of time. What you need to learn is to spot these scam robot at the very start so that you don’t waste time with them.
Now, these five elite forex traders have developed a FREE Automated Trading Course called the Cyborg Master Strategies that you should download just now. This automated trading course is FREE and you will learn a lot from it. Let’s discuss what this automated trading course will teach you:
***Customizing your MetaTrader MT4 Platform is very important. Many new forex trader don’t know how to do it. This will be the first lesson in this Cyborg Master Strategies Automated Trading Course that will show you how to customize the MT4.
***Now many forex traders don’t know how to backtest and forward test a forex robot. This will the next lesson in the course that will teach you how to backtest and forward test a forex robot.
***You will also learn how to find the best settings for your forex robot. This is something very important.
***How to find honest and reliable brokers that will work with you to make your fx robot make money.
***How to protect your fx robot from unethical brokers.
***Learn different automated trading strategies that will enhance the performance of your fx robot.
***Learn automated trading industry’s most guarded secrets and tricks.
You need to download this FREE Cyborg Master Strategies Automated Trading Course just now and discover how you can make your forex robot work and make money for you.
Watch this weird 30 minutes Forex Nitty Gritty video just now. Discover a Forex Robot that made 2,300% NET PROFIT in 2009 and download the Forex Auto Detector Software FREE that can increase the profitability of any forex robot by 53% and more. Try the Forex Bulletproof RISK FREE for 60 days!
Bill Poulos: I just spoke with Steve over at Forex BulletProof last night and now I can FINALLY reveal the good news he has for you…As of this very moment, the 10,000 available copies of Forex BulletProof are now available. But you have to hurry – over 15,000 people are on Steve’s waiting list, which means a good portion of those folks will snap up their copy before anyone else. Get yours here…
Here are the stats, according to Steve:
* Forex BulletProof has averaged a 5% monthly gain for the last 6 years…
* Over 4,000 lines of code make up this robot, while the average Expert Advisor has just 409 lines…
* BulletProof is the FIRST commercially available Forex robot to be coded for Strategy Trader, the latest trading platform from the FXCM brokerage…
* It also comes with live support and video tutorials, and a super low price…
If any of this is interesting to you, test it for yourself here…Oh, and don’t forget to check the bottom of the page to see if you are one of the 10 lucky winners of a FREE copy of Forex BulletProof!
Jason Fielder: This is the day that we’ve been waiting for. Forex BulletProof is Live! As of this very moment, the 10,000 available copies of Forex BulletProof are now on sale. But you have to hurry- over 15,000 people are on the waiting list. And in case you’ve forgotten what makes this robot so special, here are just a few of the highlights:
- Over 4000 lines of code make up this robot, while the average EA has just 409 lines!
- BulletProof is the FIRST commercially available FX robot to be coded for Strategy Trader, the latest trading platform from FXCM! That’s right- an industry FIRST!
- Did I mention the live support and video tutorials?! And the super low price??
Oh, and don’t forget to check the bottom of the page to see if you are one of the 10 lucky winners of a FREE copy of BulletProof!
I hope this finds you well and having a great week! I’m contacting you today to give you a heads up about a new EA that just recently came across my desk, called Forex BulletProof. As you probably know, I get a ton of these offers emailed to me every week and I ignore most of them; but this one caught my eye for a few reasons.
First, the product doesn’t make any outlandish promises like so many of the other robots out there. The philosophy behind this robot is ’slow and steady wins the race’ and the creators put the safety and security of your money above all else. No, you probably won’t double your deposit over night, but it’s also highly unlikely that you will ever lose your deposit with BulletProof. The product claims to average a 5% monthly gain, which is very realistic. No hype here- I like that.
Second, this is the first commercially available EA that works on the new Strategy Trader platform, which was ‘ recently unveiled in Las Vegas by the brokerage, FXCM. I’m always a big fan of new technology, so I thought this was pretty cool!
And finally, the developers are offering live chat support for BulletProof, which is really unusual for a product in this price range. If you have any questions or problems downloading the robot, you can chat with a real person which is always nice! Oh, and that’s the other thing- Forex BulletProof is only $147.00, which I thinkis a real steal for a product of this quality….if nothing else, you’ve gotta see the cool comic book style videos they created to tell the story of how Forex BulletProof came to life!
Master these highly profitable Candlestick Patterns with this FREE 82 page PDF Candlestick Guide. Discover a Forex Robot that made 2,300% NET PROFIT in 2009 and download the Forex Auto Detector Software FREE that can increase the profitability of any forex robot by 53% and more. Try the Forex Bulletproof RISK FREE for 60 days. This is the most excited I’ve been in a LONG time! You know that feeling when you’ve got information that could change someone’s life for the better and you can’t wait to tell them?? Well that’s how I’ve felt since last night after I talked to Steve and the gang at Forex BulletProof and I can FINALLY reveal the good news to you! The scam robot wave has officially come to an end! As of this very moment, the 10,000 available copies of Forex BulletProof are now on sale. But you have to hurry- over 15,000 people are on the waiting list, which means that one third of you won’t be fast enough and will miss out on the opportunity to own this industry changing robot! And in case you’ve forgotten what makes this robot so special, here are just a few of the INCREDIBLE highlights:
- Forex BulletProof has averaged a 5% monthly gain for the last 6 (yes, SIX) years!
- Over 4000 lines of code make up this robot, while the average EA has just 409 lines!
- BulletProof is the FIRST commercially available FX robot to be coded for Strategy Trader, the latest trading platform from FXCM! That’s right- an industry FIRST!
- Did I mention the live support and video tutorials?! And the super low price?? I think Steve has lost his mind (he could easily have priced this robot much higher), but you should seriously take advantage of it!
Oh, and don’t forget to check the bottom of the page to see if you are one of the 10 lucky winners of a FREE copy of BulletProof! I am positive that this EA is going to change your life for the (much!) better, so don’t miss out! Drew: Forex BulletProof is LIVE…Go here and download this 6 years NO LOSS software *NOW*…then keep reading to access my $997 LIMITED & fully AUTOMATED bonus. For the first time EVER, I’ve decided to recommend another product other than my own. I never thought I’d see the day.
I’ve used over 550 different trading systems and I’ve traded for over 23 years, and apart from my own system, this is the only one I’m going to be testing out for a LONG time. It’s not every day that a system PROVEN to go 6 YEARS without a loss, hits the shelves. This is without doubt an amazing creation – just look here…I’m so excited about this new amazing software, I’ve prepared my own exclusive $997 BONUS for you. I’ve teamed up directly with the guys at FBP to give you a tool so awesome it will shock you.
The Xtreme FX Sniper is currently a private trading software I use so I have some BAD NEWS. But ONLY 53 Copies are available. That’s because this is highly private. It will NEVER be released to the public. Remember
- Forex BulletProof has averaged a 5% monthly gain for the last 6 (yes, SIX) years!
- Over 4000 lines of code make up this robot, while the average EA has just 409 lines!
- BulletProof is the FIRST commercially available FX robot to be coded for Strategy Trader, the latest trading platform from FXCM! That’s right- an industry FIRST!
- Did I mention the live support and video tutorials?! And the super low price?? I think Steve has lost his mind (he could easily have priced this robot much higher), but you should seriously take advantage of it! Oh, and don’t forget to check the bottom of the page to see if you are one of the 10 lucky winners of a FREE copy
of BulletProof!
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