TradeProfits

Profit Mongers – Monday Trading Signal 07-26-2010

Posted on 26. Jul, 2010 by Sir Pipsalot.

Try ProfitMongers Trading Room – Get a Two week trial for $29.95

Hey folks,  Read more... (487 words, estimated 1:57 mins reading time)

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New Forex Calendar from BabyPips

Posted on 23. Jul, 2010 by Moderator.

Forex calendars are useful for traders who want to stay on top with fundamental news releases which affects the currency market. There are a bunch of them out there, and the most popular one is probably the one over at ForexFactory. BabyPips is one of the most popular forex portals and now they have launched their own Economic news calendar. My first impression is that it is very similar to all the other calendars out there, with a few small differences. One thing they have added is the Session view where you can see in which session a specific news event is coming out (NY, Tokyo, London, Sydney). Then obviously it has a different look and you have some other modification options. However there really aren’t a whole lot of different elements here compared to all the other ones. For those of you who like to have everything in one place, BabyPips economic calendar might be a good option but I will stick the ones I am familiar with. Check out BabyPips economic calendar here.

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Profit Mongers – Thursday Trading Signal 07-22-2010

Posted on 22. Jul, 2010 by Moderator.

Hey folks,

Well, the EUR/USD finally broke out of that 1.2850-1.3000 consolidation range with a nice break lower into the 1.2700′s (now 1.2781). While we may see a shorter term bounce, the trend seems to have turned downwards for at least the next few days. I plan to short into a short term bounce looking for a selloff to around 1.2450 ultimately. Right now, I think a limit sell around 1.2730-40 with about a 100 pip SL makes good sense.  Read more... (685 words, estimated 2:44 mins reading time)

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Profit Mongers – Wednesday Trading Signal 07-21-2010

Posted on 21. Jul, 2010 by Sir Pipsalot.

Hey folks,

EUR/USD continues to waver about in its 1.2850 – 1.3000 band, but until a more material break develops one way or the other, it’s a bit difficult to fundamentally predict the next major medium term move with mixed pressures being placed on the pair right now. Again, I’m confident a significant high is either in place, or will soon be in place, but I’m looking for more confirmation before I attempt another trade, so I’ll revisit the Euro in tomorrow’s signal.  Read more... (510 words, estimated 2:02 mins reading time)

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FirePips – Live Trading Room

Posted on 20. Jul, 2010 by Moderator.

It seems like everyone wants to be an educator in this field these days. However, the owner of FirePips has proven his skills some months ago, when he posted his trades on his blog. He quickly became a popular signal provider, and obviously he decided to monetize it. So he started a club where you can get his trade calls for a monthly fee. A week or two ago, he then started to send out short term signals, and this also went fairly well, so he decided to take it one step further, and launch a trade room. You can sign up here and give it a try for 2 weeks at the price of $1. This seems like a fair offer, so I might give it a shot. However, at the moment I have too many things going on, so this will have to wait a bit.

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Profit Mongers – Tuesday Trading Signal 07-20-2010

Posted on 20. Jul, 2010 by Sir Pipsalot.

Hey folks,

Well, my EUR/USD short idea from yesterday hasn’t panned out well and we’re still stuck up in this 1.2850 to 1.3000 range. Most experts I closely follow agree the Euro is near a significant multiweek high, but trying to pick the spot has proven a bit troublesome. I’m back to neutral on EUR/USD for the time being.  Read more... (333 words, estimated 1:20 mins reading time)

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CityPips or PendingPips

Posted on 20. Jul, 2010 by Moderator.

Yesterday I got an email from the guys over at SolomonFx, where they recommend a new signal service called PendingPips. Below is a copy of the email I received from them:  Read more... (284 words, estimated 1:08 mins reading time)

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Profit Mongers – Friday Trading Signal 07-16-2010

Posted on 16. Jul, 2010 by Sir Pipsalot.

Hey folks,  Read more... (580 words, estimated 2:19 mins reading time)

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Profit Mongers – Thursday Trading Signal 07-15-2010

Posted on 15. Jul, 2010 by Sir Pipsalot.

Hey folks,

The medium to long term picture is still a bit murky in most markets. The EUR/USD seems to be in the final stages of this rally leg, and while we may be close to a lasting high, it could extend further as high as 1.3100 before finding relief, so I’m staying neutral here until the picture clears up. For shorter term trades, look to sell into pullbacks trading downside momentum on a break below 1.2680 while buying pullbacks to trade upside momentum is fine as long as we’re above the 40 sma on the hourly.  Read more... (360 words, estimated 1:26 mins reading time)

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ForexPeaceArmy Partnering up With Henry Liu

Posted on 13. Jul, 2010 by Moderator.

As most of you probably know, ForexPeaceArmy is sending out signals on how to trade certain news events pretty much every day of the week, and they have been doing so for a long time now. When they started this free service, Felix, the found of ForexPeaceArmy, was the one who wrote these signals. Afterwards the task was passed on Sir Pipsalot who used to be the head trader of Forex Diamond. Some time ago Sir Pipsalot parted ways with ForexPeaceArmy and started his own service called Profit Mongers and the signals from ForexPeaceArmy were then controlled by another guy who´s alias is Crazy Cat. However now they have decided to pass this job to a new guy, once more, and this time I pleased to announce that Henry Liu is the one who will be in charge. I have written about Henry Liu a couple of times before here on TradeProfits. He is the author of Newsprofiteer and has recently launched a Mastermind Mentoring Homestudy course. I like Henry´s style; he mainly focuses on news trading, and specially on post-spike trades. Head over to ForexPeaceArmy and read the introduction from Henry Liu here.

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