Fed Policy to Refuel Risk Trades?
Thursday, November 5, 2009 11:00 Posted by Lloyd
During the last two months, all asset prices have risen sharply. Are we going to see a continuation in this trend or a turn around?
Prices on Sept 4:
Dow 9441.27
EUR/USD 1.4293
GBP/USD 1.6389
Prices now (2 months later):
Dow 9802.14 (+360 pts)
EUR/USD 1.4875 (+582 pts)
GBP/USD 1.6555 (+166 pts)
Late US Non-Farm Payrolls Trade Setup
Friday, September 4, 2009 17:31 Posted by Lloyd
Short GBP/USD at 1.6394 (SL @ 1.6494)
I am hoping to fetch 60 - 80 pips each from these two positions. I will carry them till Monday if necessary. If profitable, I will post my chart and analysis for this type of setup.
Update: I shorted EUR/USD and GBP/USD once more at these levels - 1.4348 and 1.6420 on Monday morning. Exited the two GBP/USD shorts at 1.6340 and 1.6330 late afternoon. Targets as envisaged. Plus I wanted to reduce risk exposure at this point since EUR/USD seemed to be well-supported. EUR/USD could move higher Tuesday morning but I am going to hold. Hope my gamble pays off.
Update 2: Oh well, a gamble lost on the EUR/USD positions as the price exploded higher at the London opening.
Update 2: Oh well, a gamble lost on the EUR/USD positions as the price exploded higher at the London opening.
Back from Two-Month Long Holiday
Wednesday, August 26, 2009 11:44 Posted by Lloyd
Since I'm back to work, I will be running my intraday daytrading systems again next week. I think I really need to diversify my forex income (away from long-term/ drawdown approach). I always want to grow my account via limited risk trades. I have already done all the hard work fine-tuning my systems in the past and all I need now is effort, discipline and patience.
Long EUR/USD, AUD/USD & Short USD/CAD
Tuesday, June 2, 2009 12:11 Posted by Lloyd
Closed EUR/USD at 1.4176 for +50 pips
Closed AUD/USD at 0.8105 for +35 pips
Covered USD/CAD at 1.0891 for +75 pips
May 2009 Daily Subscriber Signals +640 pips
Monday, June 1, 2009 22:03 Posted by Lloyd
Once again, the market sentiment approach was spot on last month. Hence, a very productive month for day trading.
The latest pips count of the system can be found here. Note that my daily forecasts and live signals are delivered via a specially prepared spreadsheet template.
Hitting A Trading Milestone
Monday, May 18, 2009 11:51 Posted by Lloyd
Back in November, I recognised some good trading opportunities. As a result, I started running and managing my two metatrader accounts and also a CFD trading account at the same time.
During the past six months, I funded another metatrader account with profits and had actively traded with those accounts.
Today - my five figure CFD account has just been doubled after a six-month period. I appreciate my past efforts in blogging which, somehow, made me a better trader. Despite my tight schedule nowadays, I recognise the importance of running the blog more often.
Market Timing, US Dollar And Carry Trades
Wednesday, May 6, 2009 22:21 Posted by Lloyd
Hector's New Site LearnForexLive & DVDs Giveaway
Monday, May 4, 2009 16:03 Posted by Lloyd
In order to celebrate the launch of his new forex trading site: LearnForexLive, Hector is giving away 200 DVDs where he explains in detail one of his best and most profitable trading strategies... absolutely for free! The DVD has over 15 live videos with great Forex material, strategies, etc.
That's right, he has copied a limited 200 DVDs and he want to give you a copy as a complementary. For all Scoutforex readers, make sure you secure your copy right away before he run out of them.
Hurry and here's the link => LearnForexLive. See you guys there.
US Pending Home Sales Gain, Newstrader Adds +83 pips
15:24 Posted by Lloyd
I was proved right. The pending home sales came out surprisingly good and many investors took this opportunity to chase the price higher. We positioned the newstrading program rightly to benefit from this news action.
News event: US Pending Home Sales
Long GBP/USD @ 1.4888 for +25 & 58 pips
April 2009 Daytrading Results
09:12 Posted by Lloyd
I started quite well with the two systems but ended giving back most gains in late April. A "mini blow-up" when trading the yen-crosses had cost me a whopping -435 pips in one week. It was a record nonetheless - the largest losses the system had taken in a single week since the record began.
