TradeProfits

Profit Mongers – Wednesday Trading Signal 3-31-2010

Posted on 31. Mar, 2010 by Sir Pipsalot.

Hey folks,  Read more... (447 words, estimated 1:47 mins reading time)

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Profit Mongers – Monday Trading Signal 3-29-2010

Posted on 29. Mar, 2010 by Sir Pipsalot.

Hey folks,

Well, Friday saw continued EUR/USD retracement higher following the momentum shown throughout the European session on. Any momentum following buy trade Friday as I recommended should have either seen profit taken Friday, or if you held over the weekend we got an even stronger jump higher.  Read more... (387 words, estimated 1:33 mins reading time)

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MidnightForex – MetasignalForex – Vsasignal

Posted on 29. Mar, 2010 by Jakob.

I have written about MidnightForex before, and how they suddenly disappeared after a couple of losing months. Now they are back again, sending emails and posting their results over at FX review forum. Now in the last couple of weeks I have received emails from two new “services” which I have never subscribed to before. Funny enough, these two new signal providers have a very similar model to MidnightForex. The two providers are MetaSignalForex and Vsasignal. If you look at their sites and read the details, you will see what I mean. All of them have “set and forget” systems, where the signals are send out around 24.00 GMT. All of them offer three different plans you can subscribe to. Prices for the three plans are almost equal for all the 3 providers. MignightForex and MetaSignalForex even has the same favicon. I am not saying that the guy behind MidnightForex (“Eric Manpur”), is also running MetaSignalForex and Vsasignal, but there are a lot of similarities. If you consider signing up with any of these “services” I highly recommend you read this thread first.

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Daily Lesson # 5

Posted on 27. Mar, 2010 by Jakob.

Yesterday I took two profitable trades, and here is a short recap. There was some really good setups and I was only in the market for about one hour in total. Click on the picture below to see a picture of the EUR/JPY on the 15-minutes timeframe.

 Read more... (470 words, 4 images, estimated 1:53 mins reading time)

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Profit Mongers – Friday Trading Signal 3-26-2010

Posted on 26. Mar, 2010 by Sir Pipsalot.

Hey folks,  Read more... (443 words, estimated 1:46 mins reading time)

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Can you fake mt4stats?

Posted on 26. Mar, 2010 by Jakob.

I think FAP Turbo was the first EA where you could see ”live results” from mt4stats, imbedded on the sales page. As FAP Turbo was selling like crazy, it is easy to understand why everyone else selling EA´s started to take the same approach. However, most of the time when you buy one of these EA´s which has shown incredible live results from mt4stats, they still manage to lose money consistently on your real trading account? How is the possible when you have seen amazing results from a long period of forward testing? Showing good results from forward testing is obviously a very good sales pitch, but I am yet to see any EA live up the results posted on any sales page. Over at the MQL 4 Forum, there is a pretty interesting discussion regarding the possibility to fake mt4stats results. This guy jjc is arguing that it is possible to do so, as long as there is a financial incentive to do so:  Read more... (613 words, estimated 2:27 mins reading time)

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Profit Mongers – Thursday Trading Signal 3-25-2010

Posted on 25. Mar, 2010 by Sir Pipsalot.

Hey folks,  Read more... (701 words, estimated 2:48 mins reading time)

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Forex Signal # 1 – Update

Posted on 25. Mar, 2010 by Jakob.

A while back I posted a trade setup for the EUR/USD. You can read it here, and look at the pictures. This was a simply breakout trade and it played out very well. Take a look at the picture below, to see the EUR/USD on a 1-hour chart.

 Read more... (245 words, 1 image, estimated 59 secs reading time)

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Three Changes in Trend Chart Patterns to Profit from

Posted on 25. Mar, 2010 by David.

This is a guest post by David Grandey from All About Trends – www.allabouttrends.net  Read more... (553 words, 4 images, estimated 2:13 mins reading time)

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Profit Mongers – Wednesday Trading Signal 3-24-2010

Posted on 24. Mar, 2010 by Sir Pipsalot.

Hey folks,

The EUR/USD sell I called in yesterday’s signal has worked well and is up about 90-100 pips right now. Short term I’ve shifted to a bit more of a neutral stance and have tightened the SL on the remaining 1/2 position to about 1.3530 and am trailing it manually a bit behind the 60 sma on the 1h chart. My final TP is about 200 pips because I don’t want to push it too far when I’m trailing my SL like this.  Read more... (453 words, estimated 1:49 mins reading time)

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