TradeProfits

Update on yesterdays trades

Posted on 30. Jun, 2009 by Jakob.

I posted two trades yesterday evening, a long order on GBP/JPY and a short on EUR/CAD. The GBP/JPY has reached my stop loss of 50 pips, and the EUR/CAD is still open. We had the Canadian GDP number released a few hours ago, but this came out as expected so there were no sudden dramatic movements; The EUR/CAD is currently about 20 pips in profit, but it is going up and down in a very choppy manner. This was not exactly what I expected so I might be closing the profit within a few hours if we don’t start seeing some action. If I close the trade, I will post it on twitter so you can follow the trade directly. If you look on top of the screen, you will see a link called trades. On this page I will post all the trades which I share with you guys, so you can see the results.

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Evening trades

Posted on 30. Jun, 2009 by Jakob.

Earlier today I wrote about two possible setups. They have both reached a level where I feel good about entering. Here goes:

First trade: Short EUR/CAD at 1.6296 with a stop loss of 50 pips and take profit is open.  Read more... (128 words, estimated 31 secs reading time)

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Review of Forex Signal Club

Posted on 29. Jun, 2009 by Jakob.

Forex Signal Club is one of the many new signal providers out there. I found them over at Forex Peace Army, with two 5 star ratings. As they offered a free trial for one week, I wanted to see how things played out. I signed up June 12th and one week forward. When I signed up it was through PayPal, so I had to manually cancel the subscription; otherwise I would be billed around $70 after the 7th day. However things have changed since I signed up. The website has a new layout and they now offer their service through clickbank. The price has also increased from $70 to $99 per month. Furthermore, a trial week has increased from free to $10. The service is Forex signals mainly on EUR/JPY, GBP/JPY, and GBP/USD. Furthermore they give signals on crude oil. They also offer a managed account, but you have to contact them, for more information about this.  Read more... (655 words, estimated 2:37 mins reading time)

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Contest over at Forex Peace Army

Posted on 29. Jun, 2009 by Jakob.

Forex Peace Army is currently running a contest with a first prize of $1000, second prize of $500, third prize of $100 and so on. All you have to do is estimate the price of the EUR/USD and the GBP/USD on a specific day some weeks from now. It is free so why no join in and throw a suggestion. Go here to read more about it.

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Back from vacation and two possible trades

Posted on 29. Jun, 2009 by Jakob.

I just got back last night from one week in the south of Spain. Great wine, lots of seafood, cold beers, etc. This was really what I needed after all the school stress. Now I am back and ready for some action.  Read more... (393 words, 2 images, estimated 1:34 mins reading time)

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Trade update: LMT Forex Formula

Posted on 19. Jun, 2009 by Jakob.

In this week we have had five trades from the LMT Forex Formula from Dean Saunders. The first two trades were going good, all the way to our first target. At this moment, the stop loss should be moved to break even. Both trades were up over 100 pips in profit before they turned and hit the stop loss. If you did take profit at the first target, you should have been able to get around 120 pips from these two trades. If you didn’t take profit, you should be at break even. Last night I posted 3 new trades, and they are all in profit at the moment. Total profit for the three trades at the moment is close to 170 pips, and two of the three trades have hit the first target, so I have moved the stop loss to break even. If you have taken out your profit at the targets, you should now be up, close to 300 pips total from this week’s signals. I will let them run to see how things work out.  Read more... (366 words, estimated 1:28 mins reading time)

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New LMT trades

Posted on 18. Jun, 2009 by Jakob.

As I am on my way to bed, this is going to be a short post. Three new trades have been generated from LMT. Here goes:  Read more... (100 words, estimated 24 secs reading time)

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LMT first trades

Posted on 18. Jun, 2009 by Jakob.

Alright guys, here is to the first signal from LMT. Actually the signal was generated some hours ago, but as I was out with some of my friends, I didn’t have time to check up on the forex market before now. Although I am a bit late, the entry I will get is actually better than if I would have entered when the signal was generated. Here goes:  Read more... (139 words, estimated 33 secs reading time)

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LMT trade signals

Posted on 16. Jun, 2009 by Jakob.

As I wrote in my last post, I will be posting signal generated by the LMT Forex Formula from Dean Saunders, throughout this week. So far, no signals have been generated. When I do get a signal I will post it here on TradeProfit.net. Although the system can be traded, using both the 4 hour and the daily time frame, I have decided to limit my focus to the daily chart. I look for potential trades, every day on 10 different pairs, when the daily candle closes. The entire process of looking for right setup takes no more than a few minutes. According to Dean Saunders, the system should on average generate around 2 – 3 trades per week, using the daily time frame. In the future I am going to do similar free signals, but signals like these will be sent to everyone who is receiving my newsletter, and probably not posted here on the blog. Sign up if you don’t want to miss out. Stay tuned for upcoming LMT signals.

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Free signals: LMT Forex Formula from Dean Saunders

Posted on 12. Jun, 2009 by Jakob.

As I am one step closer to being done with my exams, and I finally got my laptop back, I will start trading the LMT system from Dean Saunders within the next couple of days. I will run this on a demo account for the first few days, to get an idea if this is worth the time or not. I will probably have a look at it tonight and hopefully get everything set up. In the following week I will post the trades here on TradeProfits.net so you can follow them in real time. This will also give you an idea of how this system works, if you still have doubts about buying it. As it is stated in the LMT ebook, this will not generate signals everyday, but hopefully we can get a few trades during the upcomming week. My first thought was to post the trades on Twitter but then again, I might just post them here on the blog, so I can add some charts, and more than 200 words. Stay tuned for a week with free signals from the LMT system.

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