Hello newbie! Why not subscribe to my RSS feed or my Free Forex Signals and make some pips?!
I am very happy with the way signals have turned out for the first five days and four signals sent. If you would have told me a week ago that I would be averaging almost 25 pips a signal, I would have been ecstatic. Now I know everyone is going to have different results based on how and when they enter each position, but this is what I have been able to accrue. As I described to my subscribers after the first signal was hit with a stop loss, that type of loss won’t happen again. The reason for that is I sent out that signal on a Sunday, and trading on a Sunday is something that I just don’t do. Spreads get wide, trading is crazy, and there will be no more Sunday signals. I hope some of you have benefited from my signals and are starting to learn my trading style. I also hope that some of you made more pips than me because I exited a few trades a bit premature that could have gone for more. Any success stories out there?
As you can see from my trades on November 3rd and 4th, I entered the positions twice. I like to do this when I am buying oversold conditions based on a breach of the RSI(21) indicator, or selling when it is oversold. History has shown me that these trades are great setups, and I don’t mind getting into a trade with a bit of a better start if I have a firm believing that it is going to come back. This is the only type of trade that I will enter multiple times to have a better average entry. I do not do this when selling double-tops or buying double-bottoms because they can break resistance and begin a major breakout.
I have also done a bit of scalping lately on smaller time frames to fine tune my plays here. There is absolutely no way that I could send you those signals, so I will just be keeping track of the trades in my complete trade log. So please go to the signal performance page located at the top to see the individual trades. As always, I will include an image of my actual trade so that you guys know I am not just making these trades up. And if you’re wondering if I am recording all of my trades: I started this site to help myself as a trader, so I gain nothing from being dishonest. If you haven’t noticed, I make absolutely no money by sending you these signals, so there is no incentive there. Read my mission statement for more details. Cheers, and let’s keep this rolling.
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Thu, Nov 6, 2008
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