FX Nation Live Weekly Recap 5/6 +325 Pips

Having trouble viewing this? Check out the online version. Weekly Recap Week of October 22nd, 2007 October Daily Video Trade Results This Week: 5/6 (83%) +325 Pips MTD:  19/22 (86%) +1237 Pips   The managed accounts slipped about 1% this week as we only had 1 trade. We just missed some entry points on the others which would have yielded big returns. 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 5 for 6 and +325 pips. This brings October's trading to +1237 pips so far with a few trading days left. Here are this week's blog comments from real traders following our system: Salman Says: October 23rd, 2007 at 4:23 am e Thanks God, Thanks DC I've done it.... Long GBP @2.0280 Exit @ 2.0400 ended up with 120 pips profit... High probable trade, relieved emotions, .... What a great trading shark you are DC!! Mike Says: October 24th, 2007 at 7:43 am e A quick 60 pips profit on the GBPUSD, not bad for a days work! Thanks DC! zeal Says: October 24th, 2007 at 8:07 am e Hi guys, my gbp has hit the target at 2.0500 giving me 61 pips.Thanks DC Ahmed Says: October 25th, 2007 at 8:25 am e Hi Guys, Since I have been on this site my trading has improved dramatically, in fact I'm now averaging 65% wins with minimal risks. The win's ratio will get better as I learn to control my emotions i.e. be less impatient. DC is the man, If I had the money I would let him manage my £12,500 anytime. I'm in short on the USDJPY when it hit 114.50 (it's looks like a good resistance level). Good luck every one but I don't think you need luck if you follow the shark's daily recommendations. Patience is a virtue and we need it with the EURUSD and GBPUSD! Regards, Ahmed Ed F Says: October 25th, 2007 at 9:08 am e just booked 40 pips on $/jpy...I think I'm taking the rest of the day off...good luck to everyone! 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 10/23/2007 USD/JPY Short 114.60 - - (20) 10/24/2007 EUR/USD Long 1.4190 1.4250 1.4300 +85 10/24/2007 GBP/USD Long 2.0440 2.0500 2.0570 +95 10/24/2007 USD/JPY Short 114.60 114.00   +60 10/25/2007 USD/JPY Short 114.55 114.00   +55 10/26/2007 USD/JPY Short 114.50 114.00   +50                             TOTAL PROFIT +325 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 Oct. 30 Consumer Confidence 10:00 AM ET Nov. 2 Non-Farm Payrolls 8:30 AM ET   Weekly Trade Idea This Week: The EUR/USD continued higher without a real retracement this week. We had to revise our support levels around the weekly pivot of 1.4190-4200 which could hold if it retraces to that price zone. Last 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 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.