Forex Blog by Lloyd

+355 pips (Majors), +285 pips (Crosses), Total: +640 pips

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.

+210 pips (Majors), -60 pips (Crosses). Combined monthly return: +150 pips

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.

This would be the 11th month of positive gains (out of last 14) if you had closely followed my US dollar market sentiment table and subsequently traded the major pairs' signals as we started back in Feb 2008.

The daytrading system did well again last month. We increased the results for major pairs by +265 pips, and also +60 pips for the cross-yen pairs. The EUR/USD result was up by another +50 pips, overall +1120 pips . EUR/USD is, so far, the biggest gainer.

• EUR/USD +1120 pips;
• GBP/JPY +845 pips;
  
• USD/CAD +620 pips;
• USD/CHF +555 pips

If you would like to signup my Market Sentiment Table and Daily Live Signals, please click here.

Fact 1: Major-pairs Results +435 pips; Cross-yen Results +620 pips; 100-Pip EA Results +176.8 pips

Last month (Feb' 09) was a good month for daytading. The forex markets was less affected by the performance of the equity markets. And we saw the cross-yen pairs rallied from multi-year lows.


Fact 2: 10 out 13 Winning Months Since Inception

Major pairs results is the benchmark performance of our DTS. The End-of-Session system has bounced back strongly from previous losing months (-45, -145 pips) and recorded a bigger-than-average monthly profits (+435 pips).

The other cross-yen and the 100-pip ea systems also made gains during last month. The latest results and breakdown of 100-pip trades can be viewed here.

Fact 3: Individual Performance Overview & EUR/USD Still the Top Performer

EUR/USD is still the biggest gainer of all since the start of record, closely followed by GBP/JPY and USD/CAD.

Results summary:
EUR/USD +1070 pips
GBP/JPY +885 pips
USD/CAD +595 pips
USD/CHF +475 pips

All ScoutForex readers are welcomed to join our daytrading group and learn instantly how to build confidence, generate a sense of control and make gains in the forex market with ScoutForex DTS. Looking ahead, we are well-positioned to capitalise on the system's future gains in the forex markets.

Fact 1: Major-Pairs Results +245 pips; Yen-Crosses Results -315 pips; 100-Pip EA Results -341 pips

November was the month of great volatility. Forex markets were greatly affected by the performance of stock markets. The latest dip in the US markets had significantly changed the daily normal operation of the forex markets, especially for the month of November. I believe things are going to turn better from now.

• Stock Markets are Finally at a Turning Point
• Discretionary Forex Trades Paying Off For Now

Fact 2: 9 out 10 Winning Months Since Inception

The End-of-Session system for the major pairs recorded its first losing month (in October) since the start of record. The system bounced back to record a profitable month immediately for the month of November.

Despite that, the yen-crosses and the 100-pip ea system suffered minor pullbacks instead. A reversal of last month's fortune. All the latest results and breakdown of 100-pip setups can be found via in this page.

Fact 3: Individual Performance Overview & EUR/USD Still the Top Performer

EUR/USD is still the biggest gainer of all since the start of record, closely followed by USD/CHF and USD/CAD.

Results summary:
EUR/USD +1095 pips (up 135 pips)
USD/CHF +680 pips (up 45 pips)
USD/CAD+305 pips
GBP/USD +135 pips (up 215 pips)
USD/JPY +5 pips
AUD/USD -40 pips

Looking back the last 10 trading months , I am glad that we are still progressing well. We will be well-positioned to capitalise on the system's future gains in the currency markets.

Last but not least, all ScoutForex readers can simply join our growing forex daytrading group today and learn instantly how to build confidence, generate a sense of control and make monthly trading gains with ScoutForex DTS.

Fact 1: Major-Pairs Results -195 pips; Yen-Crosses Results +365 pips; 100-Pip EA Results +350 pips

October was the month in which the US dollar continued to rally to multi-year highs against the rest of the major currencies. Both stock and forex markets were in panic mode in a month which saw two interest rate cuts by the FED and other central bankers.


Fact 2: End of Eight Consecutive Winning Months Since Inception

The End-of-Session system for the major pairs recorded its first losing month since the start of record. It was interesting to observe that the system performance was actually affected by the two rate cuts last month.

Despite that, the yen-crosses and the100-pip ea system managed to pull back +365 pips and +350 respectively. All the latest results and breakdown of 100-pip setups can be found via in this page.

Fact 3: Individual Performance Overview & EUR/USD Still the Top Performer

EUR/USD is still the biggest gainer of all since the start of record, closely followed by USD/CHF and USD/CAD.

Results summary:
EUR/USD +960 pips
USD/CHF +635 pips
USD/CAD+385 pips
AUD/USD +30 pips
USD/JPY +5 pips
GBP/USD -80 pips

Previous Reports:
Day Trading Report Sept' 08 (+290 pips)
Day Trading Report Aug' 08 (+760 pips)

Fact 1: Major-Pairs Results +290 pips; Yen-Crosses Results +450 pips; 100-Pip EA Results +412 pips

September was the month in which the US dollar finally rallied to year highs against the rest of the major currencies. Overall, markets were choppy and there were some sizeable pullbacks in mid-month. Hence, the larger-than-normal daily average swings.

We were able to take advantage of the strong market movements, and made gains with both systems: End-of-Session and 100-Pip Systems.


Fact 2: Up Eight Consecutive Months Since Inception

August was a record-breaking profitable month with our routine daily live trading sessions earning a total of +760 pips from the major pairs. In September, the system recorded a smaller gain of +290 pips. Most profits were made from EUR/USD (+245 pips), USD/CHF (+85 pips), USD/CAD (+70 pips) and etc.

In addition, the 100-pip ea system managed to top that by producing additional +412 pips. All the latest results and breakdown of 100-pip setups can be found via in this page.

Fact 3: Individual Performance Overview & EUR/USD Still the Top Performer

EUR/USD is still the biggest gainer of all since the start, closely followed by USD/CHF and USD/CAD.

Results summary:
EUR/USD +940 pips
USD/CHF +570 pips
USD/CAD+490 pips
AUD/USD +85 pips
GBP/USD +40 pips
USD/JPY +5 pips

Looking back all the past and current stats, I am glad that the results still add up and look ever more promising. With the latest addition of 100-pip EA Program, we are well-positioned to capitalise on the system's future gains in the currency markets.

Last but not least, all ScoutForex readers can simply join our growing forex daytrading group today and learn instantly how to build confidence, generate a sense of control and make consistent monthly trading gains with ScoutForex DTS.

Previous Reports:
Day Trading Report Aug' 08
Day Trading Report Jul' 08

Fact 1: Major-Pairs Results +760 pips; Yen-Crosses Results +415 pips; 100-Pip EA Results +2038 pips

August was the month in which the US dollar finally rebounded strongly after long-term periods of underperformance. Simply look at these quotes for the major pairs:

August 1 open / August 29 close / monthly change in term of pips:
GBP/USD (1.9832 / 1.8203 / -1629) ;
EUR/USD (1.5598 / 1.4673 / -925) ;
AUD/USD (0.9412 / 0.8580 / -832);
USD/CHF (1.0474 / 1.1012 /+538);
USD/CAD (1.0229 / 1.0639 /+410);
USD/JPY (107.85 / 108.80 / +95)

We were able to take advantage of the strong market movements and made most of our gains from both the End-of-Session and 100-Pip Systems.


Fact 2: Up Seven Consecutive Months Since Inception & A Record-breaking Profitable Month

August was a record-breaking profitable month for our daily live trading sessions which produced a total of +760 pips for the major pairs. Profits were made from EUR/USD (240 pips), USD/CHF (+180 pips), GBP/USD (+125 pips) and etc. In addition, the 100-pip ea system managed to top that with a combined total pips earned of +2038 . All the latest results and breakdown of trades can be found here.

Fact 3: Individual Performance Overview & EUR/USD as Top Performer

EUR/USD is still the biggest gainer of all since the start, closely followed by USD/CHF and USD/CAD.

Results summary:
EUR/USD +695 pips
USD/CHF +485 pips
USD/CAD+420 pips
GBP/USD +135 pips
AUD/USD +60 pips
USD/JPY +45 pips

Looking at the current and past stats, all results begin to add up and look ever more promising. With the latest addition of 100-pip EA Trading Program, I believe that we are already well-positioned to capitalise on the methods and continue to make gains in the currency markets.

Last but not least, all ScoutForex readers can simply join our growing forex daytrading group today and learn instantly how to build confidence, generate a sense of control and make consistent monthly trading gains with ScoutForex DTS.

Previous Reports:
Day Trading Report Jul' 08
Day Trading Report Jun' 08

Fact 1: Major-Pairs Results +105 pips; Yen-crosses Results -245 pips; 2 x 100-pip Results

July was a choppy month where the US dollar finally gained ground. We were able the trade with the underlying market technical sentiment at times and made conservative gains with the major pairs.


Fact 2: Up Six Consecutive Months Since Inception For the End-of-Session System (Major Pairs)

July was another profitable month which produced +105 pips, thus yielding a good total of 1080 pips since the launch of the service. Profits were made from the big four i.e. GBP/USD (+60 pips) , USD/CHF (+55 pips), USD/CAD (+45 pips) and EUR/USD(+30 pips). Unlike last month, yen-crosses pairs were the under performers this month due to price stalling and choppy actions.

Fact 3: Individual Performance Overview

July has confirmed that EUR/USD is still the biggest gainer of all since the start, while the AUD/USD is the only one with negative pips.

Results summary:
EUR/USD +425 pips
USD/CHF +305 pips
USD/CAD+295 pips
USD/JPY +45 pips
GBP/USD +10 pips
AUD/USD -30 pips

New Expert Advisor Programs

Looking at the current and past stats of our day trading system, it can be seen that our unique trade entry system was well capable of generating the right sort of signals especially during active market conditions.

Besides the start-of-session entry strategy based on the issued signals, many have requested for possible automation program to help enter and fine-tune the issued signals for fast scalping purpose as well as setting up the 100-pip target trade.

I am happy to automate my trade entry technique and I'll looking to lprovide those expert advisor (both fast-pip & 100-pip) programs along side the existing day trading signals before the end of this month.

Last but not least, you can simply join my live forex trading sessions today and learn how to build confidence, generate a sense of control and make consistent monthly gains with Scout-Forex DTS.

Previous Reports:
Day Trading Report Jun' 08
Day Trading Report May' 08

Fact 1: Major-Pairs Results +35 pips; Yen-crosses Results +310 pips; 100-pip Results +825 pips
June was the month where the yen-crosses pairs rallied across the board. Simply look at these quotes:

June 1 open/ June 30 close/monthly change in term of pips:
EUR/JPY(163.78/ 167.11/ +333) ;
GBP/JPY (208.06/ 211.45/+339) ;
AUD/JPY (100.50/ 101.63/+113);
CHF/JPY (101.02/ 103.89/+287);
USD/JPY (105.24/ 106.07/+83)

We were able to take advantage of the market movements and made most of our gains from the yen-crosses pairs using both the End-of-Session and 100-Pip Systems.


Fact 2: Up Five Consecutive Months Since Inception For the End-of-Session System (Major Pairs)

Despite trading only 9 out of the possible 21 days (i.e. with Major pair signals), June was still a profitable month which produced +35 pips overall. Profits were made from USD/CHF (+135 pips) and EUR/USD (+60 pips). However, GBP/USD was the under performer this month due to its unexpected intraday price volatility.

Fact 3: Individual Performance Overview

June has confirmed that EUR/USD is still the biggest gainer of all since the start, while the AUD/USD and GBP/USD are the only two with negative pips.

Results summary:
EUR/USD +425 pips
USD/CHF +250 pips
USD/CAD+250 pips
USD/JPY +110 pips
AUD/USD -10 pips
GBP/USD -50 pips

Looking at the current and past stats of our day trading system, the results begin to add up and look ever more promising. And also with the latest addition of 100-pip System, I believe we are well-positioned to capitalise and make gains from both the US dollar and Japanese Yen markets in the many months ahead of us.

Last but not least, you can simply join my live forex trading sessions today and learn how to build confidence, generate a sense of control and make consistent monthly gains with Scout-Forex DTS.

Scout-Forex Day Trading Service runs two separate systems.

The first system is the End-of-Session System which produces clear cut trade entry and exit. The system is fully 'automated' and it exploits the forex trends during the most active trading hours.

The second system is the new 100-pip System which is aimed a maximising the profits by sharpening up the trade entry and exit. It utilises an improved method for entering into the markets and at the same time lowering the trading risk with dynamic stops.

I publish my day trading report for the End-of-Session system every month. I also review my trades everyday on my Day Trading Blog. Right now, I am setting up a trading results page for my 100-pip signals. The results page will be updated here every week. All signals are issued live to my Service Subscriber and their performance are tracked in real time on the member site.

All I need to do now is just tallying up the total number of trades and their potential winning pips for each week. The following table will weight up the final results for the 100-pip exit strategy as well as at different lower mid-point exits.

Jun 08	No. Trades	TP=40	TP=60	TP=80	TP=100	100-pip Hits
06/02 - 06/06	10	+228	+268	+388	+508	6
06/09 - 06/13	5	+200	+120	+160	+100	1
06/16 - 06/20	12	+68	+28	-52	-12	2
06/23 - 06/30	8	+29	+129	+149	+229	4
Total	35	+525	+545	+645	+825	13

* TP = take profit level

Related post:
How to Make 100 pips in One Single Forex Trade

Fact 1: A Sideways Month for the Majors
May was a month where the US Dollar actually went nowhere against other major currencies. Simply check out their quotes below:

May 1 open/ May 31 close/monthly change in term of pips:
GBP/USD (1.9876/ 1.9822/ -54) ;
EUR/USD (1.5620/ 1.5554/-66) ;
USD/CHF (1.0350/ 1.0420/+70);
USD/CAD (1.0065/ 0.9933/+132);
USD/JPY (103.93/ 105.50/-157)


Fact 2: Up Four Consecutive Months Since Inception

Despite trading only 12 out of the possible 22 days and the sideways price action, May was still a profitable month which pulled in another +75 pips. It was interesting to note that we made most of our profits from USD/CAD (+140 pips) and USD/JPY (+35 pips) since they were the significant movers than the rest.


Fact 3: Individual Performance Overview

A brief recap of their individual performance so far:
EUR/USD +365 pips
USD/CAD+245 pips
GBP/USD +160 pips
USD/CHF +115 pips
USD/JPY +90 pips
AUD/USD -35 pips

EUR/USD was the biggest gainer of all since the start, while the AUD/USD was the only one with negative pips.

In summary, May could be a sideways month paving for an expected up (or even down) month for the US dollar in June (i.e. the start of Summer trading). I believe our day trading strategy is well-tuned to capitalise on any significant market movements ahead of us.

Become a member today and learn how to make consistent monthly gains with Scout-Forex DTS.

Fact 1: Up +45 pips with the major pairs
There were 22 trading days in April, with 6 up days, 7 down days, 2 no-action days and 7 non-tradable days. The biggest winning days were on 3, 28 April (+160 pips, +95 pips) and the biggest negative days were on 11, 14 and 23 April (-70 pips).

Fact 2: A rough month with out-of-sync market movements
In my book, there was little correlation between the majors pairs in this month. Euro made new highs while Sterling weakened. Loonie went nowhere while Yen was choppy. We have avoided trading on the neutral days with split market sentiment values, i.e. 48-52% (see figure above, date with grey box) and also decided not to use trade setups with 44-56 and 56-44 (date with yellow box) . Hence, our first system optimisation. .

Fact 3: Up three consecutive months since inception
The day trading strategy allows us tackle the forex market in a systematic way day in day out. So far, we are able to gain a winning edge using this strategy in every month. The average monthly gain based on the three month results is 288 pips. We were already up +175 pips on the first trading day of May. We shall see whether we could improve on this number in the coming months.

Very recently, there was another new and exciting development with the introduction of 100-pip dynamic stops system. I will find a new way to quantify its performance.

Previous posts:
>> Feb' 08 Trading Report (+365 pips)
>> Mar' 08 Trading Report (+455 pips)

(Originally posted on my daytrading blog)

A brief recap: Here are the live day trading results since the launch back in February. So far, I have great feeling and confidence about this day trading approach with the forex killer software.

Week 1: +105 pips
Week 2: +25 pips
Week 3: +235 pips
Week 4: +210 pips
Week 5: +225 pips
Week 6: -10 pips
Week 7: -60 pips
Week 8: +220 pips

The system only endured its first losses in week 6 and 7. During that period, the forex market was greatly affected by the collapse of Bearn Stearns and massive carry-trade liquidation in mid March. We easily steered clear of further price volatility traps.

Week 4 and week 8 are non-farm payrolls (NFP) week. During these weeks, the system performed particularly well (i.e. in exploiting the trends) by giving us good trading opportunities with gains over 200+ pips.

During these eight weeks, we scored a total of +950 pips from all live trade setups on member site. I appreciate your kind and positive comments which help to keep me motivated all this long.

Fact 1: Up +455 pips trading the major pairs
There were 21 trading days in March, with 9 up days, 7 non-tradable/rest (i.e. Easter) days and 5 down days. The biggest winning session was on 3 March (+130 pips) and the biggest losing session was on 19 March (-100 pips). Check out here on how we could still make profits in such a losing session.


Fact 2: 65% winning percentage
There were 22 winners out of 34. USD/JPY has a 100% win record (only 1 trade opened), followed by EUR/USD 80% (8 winners out of 10) and GBP/USD 67% (4 winners out of 6).

Fact 3: only AUD/USD yielded negative pips
March was an extremely choppy and volatile month for forex due to the collapse of Bear Stearns and the liquidation of carry trades. AUD/USD - a high-yielding currency pair - was obviously affected by the carry-trade situations in mid March.

For more info, please visit my day trading blog for the latest daily trading summary and signal performance.

Here are some members feedback I received so far about the day trading approach.

>> Feb' 08 Trading Report (+365 pips)

(Originally posted in my day trading blog)

Hi Lloyd,

Well, I dont know what to say, but thank you. Last night, (00:00 London time) I made calculation following your FK day trading advice, got the tradable signal, fall asleep, and this morning, I had 70 pips more on my acc.

This morning, I didnt want to risk too much, and made modest 30 pips:) and all this by just following your advices, and in less than one day period.

So, thanx again, and if I may say so, keep up the great work.

P.S. you may freely use this mail for your blog. I think this is the one of the few rare blogs about FK and forex trading which can really be useful for all forex traders, and especially for us beginners.

Zeljko

Great trading to you and much appreciated for your feedback !

Thursday: No Trade

Today was the first time where there was not one 'tradable' signal from the 10 currency pairs being watched. We were right in the money with our market sentiment indicators, but the signal software simply couldn't deliver the right signal entry in our favour. We had a challenging market condition where we experienced extreme price extension from yesterday's market. I believed many could be caught off guard by the magnitude of today's USD-bear rally.


Notice:

We normally trade and monitor only London and New York pre-opening hours which happen to be the most active trading hours for the forex market. Yesterday, I decided to add one extra trading session in active New York hours to focus on the yen-crosses trades (see our new trading hours here). I hope we can make further good use of our Day Trading Approach which so far works well on the major pairs.

Fact 1: Up 365 pips in February on USD-base currency pairs

The results by the major currency pairs have so far outperformed the yen-crosses pairs. This is simply because my day trading strategy was originally devised/optimised to exploit the use of USD market sentiment indicator to trade the USD related currencies, and not the use of Yen sentiment indicator to trade the Yen-crosses pairs. Hence, trading the major currency pairs will always be the main focus/strength of this day trading service.


Fact 2: Up three consecutive weeks since inception

This day trading approach allows us tackle the forex market in a systematic manner day in day out. So far, we are able to gain a winning edge using this strategy on every week. Based on the daily results as given in the above statistics: we might lose about 20-25 pips in a bad day, but we are able to gain 90-110 pips on a good day. The reward-to-risk ratio seems very appealing at this stage.


Notice: We again started strongly in this brand new month - i.e. already up 235 pips in just 3 days of this month ! Make sure you check out my day trading strategy and consider joining me this month to enjoy the current monthly rate while last. Please be informed that the subscription fee is scheduled for a hike from 1st April.

European Hours

No. of signal recommendations: 1

End-of-session Results: EUR/USD (+40 pips)

Maximum potential: +40 pips

Own P/L: +11 pips

In general, we usually aim to to score 40-70 pips in a few hours time. This long EUR/USD signal has yielded an acceptable minimum target of 40-pip right at the end of my European price monitoring session. Due to an earlier exit, I only managed to grab a piece of the action with a small 11 pips for myself. Still, a profit is a profit. Hope you follow well.

US Monitoring/Trading Hours

(Session starts in 1-hour time)

You can now follow my Live Forex Action!

For 25 Feb 08 - 29 Feb 08 (please email me)

Learn This Day Trading Approach:

As a Service Subscriber, you will have access to:

# Special Day Trading Template for Use on 10 Currency Pairs
# The Current Technical Market Data of US Dollar and Japanese Yen
# Daily Trading Bias and Live Update on Key Economic News Releases
# Up to 5 Signal Recommendations Covering London and US Trading Sessions Every Day
# Full Details of This Day Trading Approach