MoneyTec.com Traders Community Forum - View Single Post - 600 to 100 pips a month Trading The News For Profit

Pheniox_Bernard · 12-08-2007, 12:45

August total pips 548

Sunday August 11 2007

Well as we have seen Friday was a close call and a few of us did lose on
that trade. Not a lot and well within our risk level and not enough to
affect the months total profits in any manner that would concern us.

This coming week is going to be busy and I have trades ready for
the entire week here. If things go in our favor, I am sure they will
I would not be surprised to see a major increase in profit here.
Never really know so we will make the trades as see how things go.

On an update I am starting the process of setting
up a “ Live Trading Room” where all members will be able
to trade live with me everyday that we are making trades.
It will bring us together more as a community of traders with
the same goals and add a more personal touch to what we
are doing here.

I have already had an overwhelming response from some members
and they cannot wait to see the “ Live Trading Room” open.
Hopefully before December is my goal here.

As to the main site I am currently upgrading the site to be available
in more than English and will soon be available in several more
languages. I have been asked many times, by some of our overseas
members, that do not read English, well if we could do this
and I am glad to be able to attend to this matter.

Our daily newsletter will also be available in several languages also.

Ok more here then we will get to tomorrows trades.

I have been asked several times to explain what we are trying to
do here with our trading strategy and I will explain it here.

We are looking to get a 25-pip profit on any trade.
We are setting a stoploss of 25 pips on any currency
that we take on here and are looking for a 50-pip move
in any direction on one of the selected currencies.

One currency will get stopped out and when the other
one moves in our favor to the 50-pip mark we have made our
25-pip profit on the trade.

The question that is always being asked is how do I manage
to make 100 pips or more profit on a trade

First I do not use a trailing stoploss.
Second and most important I do not walk away from the terminal
during a trade.

I move my stoploss manually as the profit gets closer to the 50-point
mark to ensure that if there is a reversal that I do not loss more than
is necessary

When the profit mark is reached I move the stoploss to the 50-pip profit
zone and then continue to move it as the profit increases. In this way
if the market should suddenly reverse we are guaranteed a larger
profit than what we originally looked for which was 25 pips.

I hope this answers some question to those that have recently joined us.

As always I can be e-mailed and will answer any question personally.

Sunday Trades

GDP

Gross Domestic Product (GDP) measures the total value of all
goods and services produced by the economy. A rising trend
has a positive effect on the nation's currency. GDP is the
broadest measure of activity and the primary gauge of the
economy's health.
To foreign investors, a strong economy
is viewed favorably because it spurs investment opportunities
in the domestic stock and bond markets. More importantly, the
central bank is more likely to raise interest rates in the face of
a strong and growing economy.
The combination of these effects
can have a large impact on the demand for the nation's currency.

We open at 7:45pm EST with a short (sell) on the USD/JPY
stoploss at 25 pips
We open at 7:45pm EST with a short (sell) on the USD/JPY
stoploss at 25 pips

Mondays trades
August 13 2007

PPI Input
The Producer Price Index (PPI) Input measures the rate of
inflation (i.e., the rate of price changes) experienced by
manufacturers when purchasing goods and services.
A rising trend has a positive effect on the nation's currency.
When manufactures pay more for goods and services,
they are likely to pass the higher costs to the consumer,
so PPI is thought to be a leading indicator of consumer
inflation. PPI is highly regarded, and at extremes will have
a market impact equal to that of its CPI counterpart.
We open at 4:25am EST with a short (sell) on the GBP/USD
stoploss at 30 pips
We open at 4:25am EST with a short (sell) on the GBP/USD
stoploss at 30 pips
No trailing stop adjust the stoploss manually on whatever
currency moves in our favor until the market reverses against us.

Core Retail Sales
Definition

Retail sales measure the total receipts at stores that sell durable
and nondurable goods. Consumer spending accounts for
two-thirds of GDP and is therefore a key element in economic growth.

Why Do Investors Care?

Consumer spending accounts for more than two-thirds of the
economy, so if you know what consumers are up to, you'll have
a pretty good handle on where the economy is headed.
Needless to say, that's a big advantage for investors.

The pattern in consumer spending is often the foremost influence
on stock and bond markets. For stocks, strong economic
growth translates to healthy corporate profits and higher stock prices.

For bonds, the focus is whether economic growth goes
overboard and leads to inflation. Ideally, the economy
walks that fine line between strong growth and
excessive (inflationary) growth.
This balance was achieved through much of the nineties.
For this reason alone, investors in the stock and bond
markets enjoyed huge gains during the bull market of
the 1990s.
Retail sales growth did slow down in tandem
with the equity market in 2000 and 2001, but then
rebounded at a healthy pace between 2003 and 2005.

Retail sales not only give you a sense of the big picture,
but also the trends among different types of retailers.
Perhaps auto sales are especially strong or apparel sales
are showing exceptional weakness.
These trends from the retail sales data can help you spot
specific investment opportunities, without having to wait for
a company's quarterly or annual report.

We open at 4:25am EST with a short (sell) on the EUR/USD
stoploss at 25 pips
We open at 4:25am EST with a short (sell) on the USD/CHF
stoploss at 25 pips
No trailing stop adjust the stoploss manually on whatever
currency moves in our favor until the market reverses against us.

Bernard

For those that wish to PM me with any questions please feel free to do so.

12-08-2007, 12:45	#6 (permalink)
Pheniox_Bernard level 1 Join Date: Aug 2007 Posts: 17 Rep Power: 0	Sunday August 12 2007 August total pips 548 Sunday August 11 2007 Well as we have seen Friday was a close call and a few of us did lose on that trade. Not a lot and well within our risk level and not enough to affect the months total profits in any manner that would concern us. This coming week is going to be busy and I have trades ready for the entire week here. If things go in our favor, I am sure they will I would not be surprised to see a major increase in profit here. Never really know so we will make the trades as see how things go. On an update I am starting the process of setting up a “ Live Trading Room” where all members will be able to trade live with me everyday that we are making trades. It will bring us together more as a community of traders with the same goals and add a more personal touch to what we are doing here. I have already had an overwhelming response from some members and they cannot wait to see the “ Live Trading Room” open. Hopefully before December is my goal here. As to the main site I am currently upgrading the site to be available in more than English and will soon be available in several more languages. I have been asked many times, by some of our overseas members, that do not read English, well if we could do this and I am glad to be able to attend to this matter. Our daily newsletter will also be available in several languages also. Ok more here then we will get to tomorrows trades. I have been asked several times to explain what we are trying to do here with our trading strategy and I will explain it here. We are looking to get a 25-pip profit on any trade. We are setting a stoploss of 25 pips on any currency that we take on here and are looking for a 50-pip move in any direction on one of the selected currencies. One currency will get stopped out and when the other one moves in our favor to the 50-pip mark we have made our 25-pip profit on the trade. The question that is always being asked is how do I manage to make 100 pips or more profit on a trade First I do not use a trailing stoploss. Second and most important I do not walk away from the terminal during a trade. I move my stoploss manually as the profit gets closer to the 50-point mark to ensure that if there is a reversal that I do not loss more than is necessary When the profit mark is reached I move the stoploss to the 50-pip profit zone and then continue to move it as the profit increases. In this way if the market should suddenly reverse we are guaranteed a larger profit than what we originally looked for which was 25 pips. I hope this answers some question to those that have recently joined us. As always I can be e-mailed and will answer any question personally. Sunday Trades GDP Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy. A rising trend has a positive effect on the nation's currency. GDP is the broadest measure of activity and the primary gauge of the economy's health. To foreign investors, a strong economy is viewed favorably because it spurs investment opportunities in the domestic stock and bond markets. More importantly, the central bank is more likely to raise interest rates in the face of a strong and growing economy. The combination of these effects can have a large impact on the demand for the nation's currency. We open at 7:45pm EST with a short (sell) on the USD/JPY stoploss at 25 pips We open at 7:45pm EST with a short (sell) on the USD/JPY stoploss at 25 pips Mondays trades August 13 2007 PPI Input The Producer Price Index (PPI) Input measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. When manufactures pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation. PPI is highly regarded, and at extremes will have a market impact equal to that of its CPI counterpart. We open at 4:25am EST with a short (sell) on the GBP/USD stoploss at 30 pips We open at 4:25am EST with a short (sell) on the GBP/USD stoploss at 30 pips No trailing stop adjust the stoploss manually on whatever currency moves in our favor until the market reverses against us. Core Retail Sales Definition Retail sales measure the total receipts at stores that sell durable and nondurable goods. Consumer spending accounts for two-thirds of GDP and is therefore a key element in economic growth. Why Do Investors Care? Consumer spending accounts for more than two-thirds of the economy, so if you know what consumers are up to, you'll have a pretty good handle on where the economy is headed. Needless to say, that's a big advantage for investors. The pattern in consumer spending is often the foremost influence on stock and bond markets. For stocks, strong economic growth translates to healthy corporate profits and higher stock prices. For bonds, the focus is whether economic growth goes overboard and leads to inflation. Ideally, the economy walks that fine line between strong growth and excessive (inflationary) growth. This balance was achieved through much of the nineties. For this reason alone, investors in the stock and bond markets enjoyed huge gains during the bull market of the 1990s. Retail sales growth did slow down in tandem with the equity market in 2000 and 2001, but then rebounded at a healthy pace between 2003 and 2005. Retail sales not only give you a sense of the big picture, but also the trends among different types of retailers. Perhaps auto sales are especially strong or apparel sales are showing exceptional weakness. These trends from the retail sales data can help you spot specific investment opportunities, without having to wait for a company's quarterly or annual report. We open at 4:25am EST with a short (sell) on the EUR/USD stoploss at 25 pips We open at 4:25am EST with a short (sell) on the USD/CHF stoploss at 25 pips No trailing stop adjust the stoploss manually on whatever currency moves in our favor until the market reverses against us. Bernard For those that wish to PM me with any questions please feel free to do so.