TradeProfits

Economic Calendar on MyFxBook

Posted on 30. Sep, 2010 by Jakob.

MyFxBook now have an economic calendar similar to the one over at ForexFactory with the typical features. Now do we really need more economic calendars? Just a couple of weeks ago, the BabyPips family also launched a new economic calendar and there are a plenty of others ones out there already. However, there is one particular feature on the calendar over at MyFxBook which I would like to point out; not only is the design of the calendar slick and easy to navigate, but they offer to send you an email xx minutes before a particular news release. Now this is not something I would use today, but I have had this feature when I started out in the forex market, I could have save a lot of money on bad trades entered a couple of minutes before fundamental news releases. If you have this problem, well here is your solution. Check it out over at MyFxBook.

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The Most Predictable Currency Pair

Posted on 29. Sep, 2010 by Jakob.

I just read this short post over at Forex Crunch about predictable currency pairs in relation to technical analysis, whereas the ones that are predictable plays out fairly well in terms of respecting breakouts and trend lines, and unpredictable currency pairs would produce a lot of fakeouts. In his post he mentioned USD/CHF as one of the predictable pairs and I just posted a comment to that. At least in the last couple of weeks I think this pair has produced so many fakeouts that I almost want to fade trade these breaks as it just seems like a daily thing, taking place over and over again. Now I know that in order to give a clear cut answer to this, a lot of other perspectives should be taken into consideration such as time frames for instance. But I thought it would be nice to know which currency pairs you find easier to trade (or more predictable) than others. Please share your thoughts below.

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Download 3 Free Webinars with Henry Liu

Posted on 29. Sep, 2010 by Jakob.

Henry Liu is about to re-lunch his MasterMindMentoring program and as a sales pitch, he has hosted a couple of webinars in the recent days, and now you can download them all, for free. I have watched all three of them are there is some quality content in there. So even if you don’t plan on buying his program, I still suggest that you take a couple of minutes to check it out. In the first webinar, he talks about news trading, and that it´s still possible to trade fundamental news in a couple of different ways – For those of you who think Henry Liu solely has a focus on spike trading, you are wrong. Actually Henry almost never spike trade. Then he tells you a bit about how his trading approach is, and what he uses in order to get in and out of a trade. He also gives you a bit of information about the market cycle, which is, in my mind, some very good stuff, and something I apply in my own trading. He then talks about the three news trading methods, and exactly how he goes about this in real live trading. You get all the specific details and lots of other valuable information. In the second webinar he is going into more details about everything covered in the first webinar and more information about fundamental trading in general. In the third webinar he explains the details of sentiment trading and details about pre-news trading, how to determine an entry point and which news are worth taking into consideration for a pre-news trade. All in all, this is some very good stuff, and it is free of charge. Check it out here. Please share your thoughts below.

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Profit Mongers – Monday Trading Signal 09-27-2010

Posted on 27. Sep, 2010 by Sir Pipsalot.

Hey folks,

EUR/USD may be setting up a top here around 1.3500 and set up for at least a retracement of the rally since 1.3286, and possibly the rally from 1.2600. I’m not putting a large trade on, but I am getting short now on the Sunday bounce at 1.3470 with a 70 pip SL and 80 pip initial TP, looking for 300-320 pips on the final portion.  Read more... (330 words, estimated 1:19 mins reading time)

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Profit Mongers – Friday Trading Signal 09-24-2010

Posted on 24. Sep, 2010 by Sir Pipsalot.

Hey folks,

Well, it looks like as I type Japan may be intervening again as I just saw about a 70 pip 1 minute rally randomly on USD/JPY. Those who bought the dip as I mentioned the last few days on USD/JPY should be doing well. Again, I’m targetting a break higher near 87.00 or a bit above for my final TP, while taking some profits along the way of course.  Read more... (365 words, estimated 1:28 mins reading time)

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Jacko’s House of Pleasure and Pain – Mostly Pain

Posted on 23. Sep, 2010 by Jakob.

A couple of days ago, I was over at the forum of ForexFactory and it seems that there is a new scammer in town. Those of you who have been loyal readers over at the ForexFactory forum probably already know a lot more about this than I do, but I still thought that this is an interesting story to bring up. So this thread “Jacko’s House of Pleasure and Pain”, has been around for ages, and was (as far as I remember) rated a 5-star thread and people were highly positive about this guy Jacko. He spent several years building this thread, giving himself a good name in the ForexFactory community. Now I never really followed this guy or his thread but a lot of people did, and apparently he also had a paid membership blog, and some time ago, he started a privat fund which Jacko was supposed to manage. Now due to his reputation over at ForexFactory, I am sure that a lot of people put a lot of money into this fund, and surprise! Jacko is gone along with all the funds. The thread over at ForexFactory has been downgraded (now only 2- stars! Lol) and there are a lot of unhappy paying customers. I really do hope that the people who lost any money in this scam will somehow be able to get their money back but right now things don’t look too good. This is yet another lesson about this industry filled with scammers – No matter how well you think you know a guy, be careful sending him any of your hard-earned money! Check out the thread here.

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Profit Mongers – Thursday Trading Signal 09-23-2010

Posted on 23. Sep, 2010 by Sir Pipsalot.

Hey folks,

Going to keep it short and sweet tonight given the lenthy signal from last night.

I think USD/JPY is a good long here in the 84.00′s (now 84.61). It bounced near 84.40 support and may manage a rally today. I’d use an SL a bit below 84.00.  Read more... (394 words, estimated 1:35 mins reading time)

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Profit Mongers – Wednesday Trading Signal 09-22-2010

Posted on 22. Sep, 2010 by Sir Pipsalot.

Hey folks,  Read more... (1303 words, estimated 5:13 mins reading time)

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MyFxBook with New Cool Features

Posted on 21. Sep, 2010 by Jakob.

Writing about MyFxBook almost seems to be a weekly habit but they continue to come up with new cool features at their site and as a loyal user of their site, it seems fair to give them a bit of credit for their hard work. This time, they have added the two following features:  Read more... (120 words, estimated 29 secs reading time)

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Super Affiliate to Super Pennystocker? – Zac Johnson

Posted on 21. Sep, 2010 by Jakob.

Zac Johnson is a guy who is known in the world of affiliate marketing and you can read everything about him over at his blog ZacJohnson.com. I am a loyal reader of his blog, and he tends to post some rather interesting articles. Lately it seems that his interest for penny stock trading has started to take off. Now it should not come as a big surprise to anyone, that the reason for this is Timothy Sykes. Zac Johnson is subscribing to Tim Sykes alert service, where you are told which stocks to buy or short sell and when to do it. I think it would be great if Zac keeps us updated on his progress with Tim´s service and his own experience with penny stock trading. Who knows, just maybe he will jump into the forex market at one point. It sure is a place with a lot of affiliate opportunities, but I think it would be more interesting to hear about trading than affiliate marketing. Good work Zac, and keep the posts coming.

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