Week of July 30th, 2007
FX Nation Live is in full swing and has been praised by industry
critics and members alike. Thanks again. Over 2000 members
and growing rapidly!
The managed accounts took a realized profit of almost 2% this
week as we hold the core position which is down about 8%.
Here is a recap of the Daily Video Commentary which you can
get for free each day on FX Nation Live:
What a huge week for members of FX Nation Live as the daily
video commentary called several money trades this week. DC
went 5 for 6 including a 3 lot trade on the EUR/USD that yielded
65 pips x 3 for a total of 195 pips. Here were the trades:
7/31/2007 EUR/USD Long 1.3620 Exit: 1.3685 (195 pip gain
scale in 1 unit at 1.3640, 2 units at 1.3610, blended 3 units
at 1.3620)
7/31/2007 USD/CHF Short 1.2065 Exit: 1.2000 (65 pip gain)
7/31/2007 USD/JPY Short 119.49 Exit: 118.72 (77 pip gain)
8/1/2007 GBP/USD Long 2.2046 Exit: 2.2026 (20) pip loss)
8/2/2007 USD/CHF Short 1.2066 Exit: 1.2024 (42 pip gain)
8/3/2007 EUR/USD Long 1.3689 Exit: 1.3721 (32 pip gain)
TOTAL PROFIT +391 Pips
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
Weekly Trade Idea
This Week
The EUR/USD went only 30 pips below the level we were looking
at to go long as it hit a low of 1.3610 this week. It hit our
profit target level of 1.3742. We are looking for price to
retrace back to 1.3625-50 before possibly taking another
long position.
Last Week
The EUR/USD has corrected back down to the monthly R1 pivot
point at 1.3640. This could be a good area to go long up to
1.3742 which is the R2 pivot.
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
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