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

Pheniox_Bernard · 15-08-2007, 15:50

I will be posting trades here in the first person instead of the (we) to avoid any problems.

Well although another rare event both currencies decided to go in the same direction and not the direction we wanted. For those that trade in the opposite direction as I suggest they made some pips today. I normally suggest a sell buy doing the opposite
will work as well.

I will be subtracting the 50 pip loss today from the months profit total. Remember that we are looking at the months trading on any system. There will always be days when we will take a loss.

So he is how I traded today.

I opened in the morning at 8:25am EST with a short (sell on
the EUR/USD @ 1.3470 stoploss at 25 pips and
closed out @ 1.3495 – 25 pips

I opened in the morning at 8:25am EST with a short (sell on
the USD/CHF @ 1.2153 stoploss at 25 pips and
closed out @1.2178 – 25 pips

Profit – 50 pips

Tomorrow Thursday August 15 2007

Tomorrow has only one report being released I will be trading it but
it not a report that I would normally trade but with the market being
so unsteady I will be trading the following.

Housing Starts

Measures the annualized number of new residential buildings that
began construction during the previous month. A rising trend has
a positive effect on the nation's currency because the housing
market is a leading gauge for the overall economy. A high level
of housing activity signals that the construction industry is
healthy and that consumers have the capital to make large investments.
More importantly, new housing activity creates an economic ripple
effect as home owners buy goods such as appliances and furniture
for their homes, and builders buy raw materials and hire more
workers to meet demand.
I will open in the morning at 8:25am EST with a short (sell
on the EUR/USD stoploss at 25 pips

I will open in the morning at 8:25am EST with a short (sell on
the USD/CHF stoploss at 25 pips

For those that utilized Hedge Trading on their accounts
here is what I will be looking for:

Currency Pair: GBPCHF
Entry Zone: Go both long and short at the market if the price is at any
level within the 2.4055-2.4758 range
Protective Stop: Long stop below 2.3300 and short stop above 2.5400
Profit Target: Long Target at 2.4758 and Short Target at 2.4055
Profit Potential: 703

15-08-2007, 15:50	#14 (permalink)
Pheniox_Bernard level 1 Join Date: Aug 2007 Posts: 17 Rep Power: 0	Wednesday August 15 2007 I will be posting trades here in the first person instead of the (we) to avoid any problems. Well although another rare event both currencies decided to go in the same direction and not the direction we wanted. For those that trade in the opposite direction as I suggest they made some pips today. I normally suggest a sell buy doing the opposite will work as well. I will be subtracting the 50 pip loss today from the months profit total. Remember that we are looking at the months trading on any system. There will always be days when we will take a loss. So he is how I traded today. I opened in the morning at 8:25am EST with a short (sell on the EUR/USD @ 1.3470 stoploss at 25 pips and closed out @ 1.3495 – 25 pips I opened in the morning at 8:25am EST with a short (sell on the USD/CHF @ 1.2153 stoploss at 25 pips and closed out @1.2178 – 25 pips Profit – 50 pips Tomorrow Thursday August 15 2007 Tomorrow has only one report being released I will be trading it but it not a report that I would normally trade but with the market being so unsteady I will be trading the following. Housing Starts Measures the annualized number of new residential buildings that began construction during the previous month. A rising trend has a positive effect on the nation's currency because the housing market is a leading gauge for the overall economy. A high level of housing activity signals that the construction industry is healthy and that consumers have the capital to make large investments. More importantly, new housing activity creates an economic ripple effect as home owners buy goods such as appliances and furniture for their homes, and builders buy raw materials and hire more workers to meet demand. I will open in the morning at 8:25am EST with a short (sell on the EUR/USD stoploss at 25 pips I will open in the morning at 8:25am EST with a short (sell on the USD/CHF stoploss at 25 pips For those that utilized Hedge Trading on their accounts here is what I will be looking for: Currency Pair: GBPCHF Entry Zone: Go both long and short at the market if the price is at any level within the 2.4055-2.4758 range Protective Stop: Long stop below 2.3300 and short stop above 2.5400 Profit Target: Long Target at 2.4758 and Short Target at 2.4055 Profit Potential: 703