Weekly Recap
Week of November 5th, 2007  October Daily Video Trade Results This Week: 2/3 (66%) +112 Pips MTD: 4/6 (66%) +200 Pips The managed accounts took one trade this week for a loss of a about 1%. Here is a recap of the Daily Video Commentary which you can get for free each day on FX Nation Live: We had a slow but effecient week going 2 for 3 for +112 pips. Here are this week's blog comments from real traders following our system: - Ahmed Says:
November 5th, 2007 at 9:29 am e Took DCs EURUSD set up (hit the minor support) waited for the divergence before taking the long , made 35pips profit. Waiting to go to resistance level by risking half the amount. - Ahmed Says:
November 5th, 2007 at 12:15 pm e Red, I'm still in the trade of GBP and there still is divergence so I'm going to stay in for now. I just closed the JPY trade (32 pip+). I'll call it a day now with an overall profit of 70pip+.
Listen to DC and you will profit. He gives you lots of clues about support/resistance and divergence. If you haven't got the buy/sell pressure, heat maps and where the banks are sitting indicators then you need something similar or equivalent indicators (they won't be as good as DCs) but will help you to trade better. Read listen and learn. Let the trade come to you.
You need PATIENCE with DCs set ups. AHMED - Ahmed Says:
November 5th, 2007 at 1:55 pm e I have listened & watched DCs daily video for the last 2 months and I must say that I am very impressed. I had a 65% win rate before I came to this site now I'm into the 80% mark. The key is the pivots, the chart time frames, buy/sell pressure and where the banks are putting their money. One needs to look at the long term, medium and the short term for each pair. Learn about divergence and above all be patience. Wait for DCs entry and check for divergence this is the key. It also helps if people who have DCs platform that they tell others what the buy/sell pressure is like when someone asks! Speak to you all tomorrow. Ahmed - James Says:
November 6th, 2007 at 11:03 pm e Great trade Ron!solid 70 pips gain! - Red Says:
November 7th, 2007 at 1:50 am e Greetings everyone! jpy has been in divergence since yesterday morning (Asia time). finally it went down, only for a "different" reason.. lou, sebastian florea, Tim J.-P., & others who've shorted jpy overnight, check your accounts.. you're all still probably asleep now. we've "made" it.. congratulations to all who have made trades in other currency pairs as well.. - Red Says:
November 7th, 2007 at 2:30 am e DC, as always, thanks for your Daily posts! God Bless you! -
Morning everyone! Thanks for the nubmbers on JPY DC! I was able to take it all the way to 114.00!!! Todays market is a case in point on the subject you were talking about in yesterday's training when you were talking about thoses traders who insisist on trading against the trend. As you said, the tendency sometimes is to say that a price "can't get any higher".... Man, you weren't kidding! Look at the EUR and the GBP!!! Red, did you catch that ride on the JPY overnight? Best to all -
Good morning, Nice trade on JPY last night.  Let's see what will be today -
Good morning everyone, Happy Birthday DC, hope you have a great day !!!! Also thanks for getting the JPY to do what you said it would do, I had a nice ride down. Carl -
Happy birthday to you DC. I want to use this special day of yours to tell you a special thing, You are one of the niciest man on planet earth that have touched the lives of so many people of which I am one. I look foward to the day I will see you face to face to appreciate you for transforming my finances. I owe you my eternal gratitude. Once more, I wish you a happy birthday and many years in return. -
andy Says:
November 7th, 2007 at 9:15 am e Happy birthday Mr. DC !!!!!
and please LIVE FOR EVER!!!!!!!! -
Smegs, You da man!!! Good trades my friend...chug one for FXnation live members! -
DC, your system is good, it is really good,in combination with other indicators it becomes even more powerfull tool. Thanks a lot again. -
great system ....made 180 pips yesterday on NZD and AUD following your rules. Thanks DC. - lou Says:
I was all upset because I missed CHF around 1.1320’s
I jumped on very late (1.1295!!) shorting in the hole, so to speak…. Glad I did. It’s already hit the sharks first PT, but I’ve set a stop at 1.1280
and I’m hoping for more downside. Congratulations to all you hearty fearless traders with the JPY!! You guys are the best, hands down!!! 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 | | 11/8/2007 | USD/CHF | Short | 1.1330 | 1.1286 | 1.1250 | +62 | | 11/8/2007 | USD/JPY | Short | 113.00 | - | - | (20) | | 11/8/2007 | USD/JPY | Short | 113.00 | 112.60 | 112.00 | +70 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TOTAL PROFIT +112 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
11/14/07 08:30 ET Retail Sales
11/15/07 08:30 ET CPI Weekly Trade Idea This Week: Same story, different week as the EUR/USD continues to higher highs without much retracement. We did see a down day on Friday so perhaps this pair can find support lower before we take a new long position. The closest support is the monthly R1 pivot around 1.4650 and then the previous month's highs at 1.4500. Look for bounces from those areas. Last Week: The EUR/USD did not get close to our retracement level and it keeps motoring up to higher highs. Near term support should be around 1.4300-25. 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. |
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