TradeProfits

Profit Mongers – Friday Trading Signal 09-03-2010

Posted on 03. Sep, 2010 by Sir Pipsalot.

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Hey folks,
EUR/USD continues to work out it’s potential topping pattern, but a final thrust higher near 1.2900 is likely before a selloff, so I would consider shorting EUR/USD in the 1.2870-1.2910 range if it gets there Friday.
USD/JPY is still a good short around 84.30 or higher as it plays a range and sets up hopefully [...]

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MT4 Spreads – Compare Broker Spreads

Posted on 03. Sep, 2010 by Jakob.

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MT4 Spreads is a new site somewhat similar to FXIntel which I have written about before. MT4 Spreads enables you to compare spreads from several different brokers in real time. The site is made in a cool web 2.0 style and the entire layout of the site gives you a very good overview. For those [...]

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Profit Mongers – Thursday Trading Signal 09-02-2010

Posted on 02. Sep, 2010 by Sir Pipsalot.

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Hey folks,
Risk appetite got a nice lift today, and while EUR/USD was able to benefit, USD/JPY remains contained around resistance. While I’ll probably be looking to sell EUR/USD sometime soon for a long term trade, I think USD/JPY is the better short here between 84.30 – 84.75 (now 84.36). I would short USD/JPY at market [...]

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Profit Mongers – Wednesday Trading Signal 09-01-2010

Posted on 01. Sep, 2010 by Sir Pipsalot.

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Hey folks,
Just a short update today as I have had a long night and need some rest.
EUR/USD and USD/JPY are somewhat inderminate as 2-way pressures exist at the moment.
EUR/GBP long hit my first target of 0.8280 today and may cool off a bit before a final run to or near my final 0.8600 TP.
In news [...]

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Forex Bullet Proof – Classic Marketing Stunt from the FAP Guys

Posted on 31. Aug, 2010 by Jakob.

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Forex Bullet Proof is a new expert advisor which will be released today, in a couple of hours. The creators of Forex Bullet Proof are the same guys who made FAP Turbo, so obviously the expectations are high. In addition to this, they have decided to make Forex Bullet Proof available for FXCM´s new Strategy [...]

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Profit Mongers – Friday Trading Signal 08-31-2010

Posted on 31. Aug, 2010 by Sir Pipsalot.

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Hey folks,
Just a short signal tonight as I do not have as much time as usual tonight. Check out my signals from Friday and Monday for more details on my biases.
EUR/USD may have topped at initial resistance just ahead of 1.2790, and I am bearish long term, but the retracement seems a bit shallow to [...]

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Scam Alert – Dragon Pips

Posted on 27. Aug, 2010 by Jakob.

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This is a perfect example of just how scammy this industry can be. A couple of days ago, the guys over at ForexPeaceArmy posted this story about one of their members who bought an (or actually he bought three) expert advisor named Dragon Pips. According to the Dragon Pips sales page, customers are promised a [...]

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Profit Mongers – Friday Trading Signal 08-27-2010

Posted on 27. Aug, 2010 by Sir Pipsalot.

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Hey folks,
EUR/USD’s status is a bit indeterminate for me right now. I see multiple possibilities and conflicting near term outlooks, so I’m choosing to refrain from any bold calls today. I still plan to get short on EUR/USD long term when it seems like a corrective rally is topping, and that may even be the [...]

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Free Currency Meter From Huskins

Posted on 27. Aug, 2010 by Jakob.

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Huskins is a well-known face over at ForexPeaceArmy, both with reviews on his on service (which is rated 5 star with a total of 84 votes) and with his active posting of reviews on others services. I have been with Huskins for a long time, pretty much since the beginning where everything was managed through [...]

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Profit Mongers – Thursday Trading Signal 08-26-2010

Posted on 26. Aug, 2010 by Sir Pipsalot.

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Hey folks,
It seems the EUR/USD is making an attempt to bottom at the initial resistance I had forecasted around 1.2610. I was hoping that support would give way to a bit deeper support level around 1.2420 (or somewhere in between), but that hasn’t happened just yet. If we can get a deeper extention lower, we [...]