600 to 100 pips a month Trading The News For Profit

[Pheniox_Bernard]

I would first off like to say hello to everyone here and introduce myself.
My name is Bernard and I have been trading the News exclusivly for the past two year and have been very successful at it.

My profit runs at a consistant 600 to a 1,000 pips per month.

Trading the news as we all know is like a volkswagon on steriods without brakes. It can make or break a trader and I have run down hill enough times to know that there had to be a better way to trade and make a consistant profit margin.

I would like to start a thread here and post every evening my trades for the folloing day in the hopes of others making a few pips along with me and the rest of the members of my circle of subscribers to my daily newsletter which has proven to be successful to everyone subscribed.

I will not post any links here to my site as it is normally concidered bad manners,

Proft for this month of August do far has been 528 pips and would have been more if not for a power failure early this morning and my inability to access my trading station and missed the big drop on the Euro.

My subscribers however did well and those that took my signals on the Eur yesterday did very well.

Here is an excerpt from my newsleter from last night where I sent out trade suggestions on the GBP. We managed to make 122 pips on this trade and it was a nice surprize till the power failure here. Yes I have batery backup systens bu they only gave ne enought ime to shut down my servers to avoid crashes.

As mentioned I will post here every evening before midnight for the following New York openning and hope that some members here take the trades with me.

For those that do not have the funds to actually start out on a new system I recommend that you do my trades on a demo account and see for yourselves how my expereince works.

I do not trade all news reports or everday for that matter. I would rather trade without emotions or for the sake of feeling like I a doing something here other than looking at charts..

I trade against reports that are in my personal database that have consistanly made a market move enough to guarantee a profit close to 90 % of the time.

Any how Here was last nights newsletter. I will post later this evening for tomorrow, Friday August 10, 2007



Good Evening XXXXXXXXXXX.

Wednesday August o8 2007.

Well we opened this morning with the following trades as suggested yesterday.


We opened at 5:25 am EST with a long (buy) on the GBP/USD@2.0240 @ and closed @2.0384 +144 pips
We opened at 5:25 am EST with a short (sell) on the GBP/USD @2.2040 and closed @2.2070 – 30 pips
Profit 114 pips


We opened at 8.25am EST with a short (sell) on the EUR/USD@ 1.3793 closed @ 1.3818 -25 pips
We opened at 8.25am EST with a short (sell) on the USD/CHF@ 1.1944 closed @ 1.1921 +23 pips
Pips total –2 pips


Tomorrow Thursday August 9 2007

No reports of interest tomorrow, For those that are up early I will be trading the GBP/USD at 4:30 am,

We open at 4:25 am EST with a long (buy) on the GBP/USD
We open at 4:25 am EST with a short (sell) on the GBP/USD
This is a personal trade I will be making and do not suggest that everyone get involved in this trade. The GBP is a hard currency to call at times. Stop loss will be 30 pips on both sides.

We made another 100 plus pips on the above trade.

Well hope that a few members here follow this posting andif there is enough response it it I will continue to post as long as it is remains active.

Those that say it can not be done....should not nterfere with those that are doing it.

[shayb]

on 4:25 buy and sell gpb/usd, what you mean?

[Pheniox_Bernard]

It referred to getting up early and taking a trade at 4:25 am. Eastern Standard time,

I normally do not get up that early and normally do not sit at my terminal before 6 in the morning but knew that this report would generate a market move and decided to trade it. ALso I tend to stay away fro the GBP as it is a scary currency and can make large moves very quickly.

This was a simple hedge trade against teh same currency.


Bernard

[Pheniox_Bernard]

Not much in the way of any exciting reports being released tomorrow but I will be trading this:

Report:

Employment Change
Measures the number of new jobs created in the previous month. A rising trend has a positive effect on the nation's currency. The number of new jobs being created is one of the most important indicators of the economy's health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP. This report is the first of the month that relates to labor conditions, making it susceptible to big surprises.

Import and Export Prices

Indexes are compiled for the prices of goods that are bought in the United States but produced abroad and the prices of goods sold abroad but produced domestically. These prices indicate inflationary trends in internationally traded products.

Why Do Investors Care?

Changes in import and export prices are a valuable gauge of inflation here and abroad. Furthermore, the data can directly impact the financial markets such as bonds and the dollar. The bond market is especially sensitive to the risk of importing inflation because it erodes the value of the principal (the original investment) which is paid back when the bond matures. It also decreases the value of the steady stream of interest rate payments on this type of security. Inflation leads to higher interest rates and that's bad news for stocks, as well. By monitoring inflation gauges such as import prices, investors can keep an eye on this menace to their portfolios.


We open at 6:50am EST with a short (sell) on the EUR/USD stoploss at 25 pips>> We open at 6:50am EST with a short (sell) on the USD/CHF stoploss at 25 pips



I will post results tommorow on this trade.

Bernard

>>

[Pheniox_Bernard]

We opened at 6:50am EST with a short (sell) on the EUR/USD
stoploss at 25 pips We opened at 6:50am EST with a short (sell)
on the USD/CHF stoploss at 25 pips>>
We opened at 6:50am EST with a short (sell) >>on the EUR/USD@ 1.3670 closed @ 1.3654
+16 pips>>
We opened at 6:50am EST with a short(sell)>>on the USD/CHF@ 1.1963 closed @ 1.1942 +21 pips>> Pips total + 37 pips>>

>>It is rare that both currencies go in the same direction as
much as they did this morning. I manually changed all my
stoplosses 10 pips at a time as each one dropped and
managed to make on both currencies today. Rare but
doable if you are there watching things. Today should
have been a losing day but as we learn more and what
to watch for we take less risks. On my demo account I
ran the total losses was our 50 pip risk. I do not attend
to the demo account and let it always run unattended.>>
>>
Next week will be a heavy trade week. There are several
reports being released that will make the market move
and our monthly total will go up.>>
>>
I will be adjusting our monthly profit to reflect today’s
loss of 50 pips to keep a fair record of what we have
done so far. This will bring down our pip profit for
August from 528 pips to 478 pips which is still
nothing to be ashamed of as the month is far form
over I expect August to return us at
least 1,000 pips or more..

will post Sunday evening for MOndays TRades.

Bernard>>

[Pheniox_Bernard]

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.

[Depth Trade]

Bernard, are you going to spot yourself + 400 pips that you didn't post on here?
That doesn't seem too fair. Why not just start the balance with trades you have called in real-time on this thread.


DT

[Pheniox_Bernard]

Sorry I copied this from my newsletter to save some time posting.

I will; be a little more careful next time

An honest mistake.

Bernard