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Daily Recap
Tuesday September 11th, 2007  September Daily Video Trade Results
Today: 2/2 (100%) +72 Pips MTD: 8/9 (89%) +404 Pips We hit 2 of 3 trade set ups today for a gain of 72 pips. The third set up never reached our entry point before taking off in the direction we had called. There was no trade set up on the USD/JPY. 
We called for a short on the GBP/USD in the price zone of 2.0325-30. When it hit the high of 1.20335 (indicated by the top arrows on the 60M and 15M charts) we saw divergence in buy pressure (indicated by the arrows near the green bars at the bottom of the charts). As price made a new high, the buyers started to decline and buy pressure was not able to make new highs. This was a sure sign it was coming down. We get a better picture of this divergence on the 15 minute chart. If you look at the first set of arrows when price made a new swing high between 4-5AM ET you can see buy pressure was higher than it was when we made new highs around 8AM ET. Price is going up making new highs and at the same time buyers are declining forecasting the drop that followed. We exited the position at the main daily pivot at a price of 2.0290 after entering at 2.0332 for a 42 pip gain. 
We called for a short on the USD/CHF in the price zone of 1.1900-20. It made a high at 1.1893 on heavy buying so we did not enter at that point. 2 houts later it re-tested that level and made a new high at 1.1894, however, buy pressure was significantly lower at that point (indicated by the second arrow). There clearly was not enough buy pressure to take this pair higher past the resistance so we went short at 1.1885 and it hit our profit target of 1.1850 for a 30 pip gain. These daily trade set up videos are offered for free at FX Nation Live. We also offer daily training for an hour each day between 11AM ET and 12PM ET showing these profitable trade set ups and more. If you can't make the live sessions, we record each training and post them on the web for daily training students to view at any time. Get signed up Today at: http://www.fxnationlive.com/education/daily_training.php 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. | | | |  | | Risk Disclosure Unique experiences and past performances do not guarantee future results! Testimonials herein are unsolicited and are non-representative of all clients; certain accounts may have worse performance than that indicated. Trading stocks, futures, options and spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Forex, Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PEROFRMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MAR KETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets. Don't trade with money you can't afford to lose. Nothing in our course or website shall be deemed a solicitation or an offer to Buy/sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money. | | |
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