Week of August 27th, 2007
August Daily Video Trade Results MTD: 18/24 (75%) +625 Pips
The managed accounts rallied nicely into this last week of the
month and we were able to close all positions including the
core position at a gain of +15.8% for August. We will re-allocate
the portfolio with a new core position before Wednesday to take
advantage of triple interest.
Here is a recap of the Daily Video Commentary which you can
get for free each day on FX Nation Live:
The daily video commentary trades were smokin' hot this week.
We went 7 for 7 and gained 291 pips. The month of August went
18/24 (75%) with a total gain of 625 pips. The daily training
students hit even more profits with some trade set ups after
the NY session opened that were not covered in the daily video.
There are a few spots left in our daily training at:
http://www.fxnationlive.com/education/daily_training.php
Here were the trades:
8/28/2007 EUR/USD Long 1.3618 1.3655 1.3675 47 pip gain
8/28/2007 EUR/USD Short 1.3668 1.3623 1.3604 55 pip gain
8/28/2007 USD/CHF Short 1.2041 1.2025 1.2 29 pip gain
8/29/2007 GBP/USD Long 1.9992 2.005 58 pip gain
8/30/2007 EUR/USD Long 1.3655 1.367 15 pip gain
8/31/2007 EUR/USD Short 1.367 1.3658 12 pip gain
8/31/2007 USD/JPY Short 116.5 115.75 75 pip gain
TOTAL PROFIT +291 Pips
*On trades with multiple profit targets, we are moving our stop
to the entry price once the first profit target is hit.
All of these trade set ups were available to FX Nation Live
members well in advance of the market moves via video and our
community blog. It's not surprising FX Nation Live is the #1
Forex website out there, not only do we provide profitable trade
set ups, but it's all FREE!!! Tune in for the next free video
at:
http://www.fxnationlive.com/members/blog/
I look forward to chatting with you next week. -DC Bonta
Economic Calendar
Sep 7 8:30 AM Nonfarm Payrolls
Weekly Trade Idea
This Week
EUR/USD did not re-test 1.3850 only getting to a high of 1.3719.
It seems to be having trouble maintaining a price above the
main monthly pivot. We may head lower from here next week
possibly to the 1.3500 area.
Last Week
EUR/USD went up this week despite the 10 SMA crossing below the
50 SMA, which should be very bearish. Now, the problem is where
will the major resistance be? Price is currently above the
main monthly pivot and R1 is a long way away. Perhaps it will
re-test the highs at 1.3850 once again before heading lower.
If you would like more information on our trading please visit:
http://www.fxnationlive.com
Strategy of the week
Disclaimer: The information and opinions in this report are
for general information use only and are not intended as an
offer or solicitation with respect to the purchase or sale
of any currency. All opinions and information contained in
this report are subject to change without notice. This report
has been prepared without regard to the specific investment
objectives, financial situation and needs of any particular
recipient. While the information contained herein was obtained
from sources believed to be reliable, author does not guarantee
its accuracy or completeness, nor does author assume any
liability for any direct, indirect or consequential loss that
may result from the reliance by any person upon any such
information or opinions.
1StockTradingandInvesting
www.1stocktradingandinvestingsecrets.com
New York
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