FX Nation Live Weekly Recap +223 Pips

Having trouble viewing this? Check out the online version. Weekly Recap Week of October 15th, 2007 October Daily Video Trade Results This Week: 3/4 (75%) +223 Pips MTD:  14/16 (88%) +912 Pips   The managed accounts had about a 7.5% gain this week as we nailed the shorts on the USD/JPY from 116.60 and the USD/CHF from 1.1820. Here is a recap of the Daily Video Commentary which you can get for free each day on FX Nation Live: We had another huge week without taking many trades as we went 3 for 4 and +223 pips. Here are this week's blog comments from real traders following our system: Mik-e Says: October 18th, 2007 at 8:09 am e DC you are the MAN, took my CHF trade all the way through both profit targets for 177 pips, thank you very much!!! DC I am one of your students in your daily training class. I would like to show you how I did trading this week. I was 7 for 8 with +201 pips. This might not seem much for all the big sharks, but for me this is huge. I have been trading for 2 months and have learned so much from you. Each class has taught me something new. I look forward to continued success thanks to your training.   Thanks for everything   Jim R. Eric Says: October 16th, 2007 at 11:35 am e Eric from North Carolina. Full time trader. Have been watching DC's trades for about 10 days. Took first ‘DC' trade this am. euro +$250. Very familiar with DC's trading style. Traded with a former hedge fund manager for 2 years, like DC, we traded clients large accounts for a % of profit. We used pivots and support for entry's also. Have not found anyone else doing this. "Best to bet with the ‘big boys' not against them." We don't post trade set ups on Monday, but we do a "Week in Advance" video that shows support and resistance levels.  Our near term resistance on the USD/JPY was 118.00.  Of course, our alert daily training students picked this trade off on their own this morning and made 40-70 pips even on our day off!!! Ed F Says: October 15th, 2007 at 9:21 am e just took a short on usd/jpy @ 117.89...anyone else short on this? Ed F Says: October 15th, 2007 at 11:01 am e just booked 40 pips on the usd/jpy short! golferfx Says: October 15th, 2007 at 2:28 pm e I am starting to sound like a broken record...SLAMMED the Yen at 117.80 and out at 117.21...another $503 in my pocket. man o man...this is sooo nice! Gotta run....another tee time waits! Love ya DC! javahead Says: October 15th, 2007 at 5:58 pm e I took $495 off the yen before lunch Want to learn how to profit like this? There are a few spots left in our daily training at: http://www.fxnationlive.com/education/daily_training.php Here were the trades Date Pair Pos Entry P/T P/T P/L 10/17/2007 GBP/USD Long 2.0290 2.0350 2.0400 +85 10/17/2007 USD/JPY Short 116.60     (20) 10/18/2007 USD/CHF Short 1.1818 1.1760 1.1730 +73 10/18/2007 USD/JPY Short 116.60 116.00 115.50 +85                                                         TOTAL PROFIT +223 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   Weekly Trade Idea This Week: The EUR/USD did not re-test 1.4030 this week, but we will still look for new long positions at the same support level of 1.4000-30. Last Week: The EUR/USD re-tested 1.4030 coming to a low of 1.4037 before heading up to a high of 1.4241 for 204 pips. We will look for new long positions at the same support level of 1.4000-30 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.  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 MARKETS 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.