Week of September 3rd, 2007
September Daily Video Trade Results MTD: 6/7 (86%) +332 Pips
We opened the new core position on the managed accounts before
Wednesday's rollover to take advantage of triple interest. We
had some realized profits around 3% and the core position
is down about 6%.
Here is a recap of the Daily Video Commentary which you can
get for free each day on FX Nation Live:
We continue to produce on the daily video calls going 6/7 this
week for +332 pips including a monster trade on the GBP/USD to
end the week as we gained almost 100 pips with the Non Farm
Payroll report. 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:
9/4/2007 EUR/USD Long 1.3555 1.36 45 pip gain
9/4/2007 USD/CHF Short 1.21 - (20) pip loss
9/4/2007 USD/JPY Short 116.4 116.09 31 pip gain
9/5/2007 USD/CHF Short 1.213 1.2075 1.204 72 pip gain
9/5/2007 GBP/USD Long 2.0063 2.0135 72 pip gain
9/6/2007 EUR/USD Long 1.3635 1.365 1.3688 34 pip gain
9/7/2007 GBP/USD Long 2.016 2.02 2.0316 98 pip gain
TOTAL PROFIT +332 Pips
*On trades with multiple profit targets, we are moving our stop
to the entry price once the first profit target is hit. The
total pip gain on a trade with multiple profit targets is the
overall blended gain after scaling out of the position at each
profit target. For example, a gain of 1.2000 to 1.2050 on a
long would be +50 pips, but if we got out 1/2 at 1.2050 and
1/2 at 1.2100, it would not be a full 100 pip gain (from 1.2000
to 1.2100) but a blended gain of 75 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
Sep 14 8:30 AM Retail Sales
Weekly Trade Idea
This Week
EUR/USD didn't get to 1.3500 as it stalled around 1.3550 and
then headed straight back up. It looks like 1.3600-1.3550 is
acting as major support. It will be interesting to see if it
can make new highs above the 1.3850 where it's bounced off of
twice.
Last 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.
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
NY 10005
United States
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