FX Nation Live Weekly Recap +128 Pips

Having trouble viewing this? Check out the online version. Weekly Recap Week of October 29th, 2007 October Daily Video Trade Results This Week: 3/6 (50%) +128 Pips MTD:  2/3 (66%) +88 Pips   The managed accounts finished October up about 4% with a maximum drawdown of -3.5%. Here is a recap of the Daily Video Commentary which you can get for free each day on FX Nation Live: We had a choppy week only going 3 for 6 but this proves our point about having good money management, we were only right 50% of the time and we were up 128 pips. Here are this week's blog comments from real traders following our system including one from DC himself calling a perfect trade set up: DC Bonta Says: October 30th, 2007 at 12:37 am e 10/30/2007 USD/CHF Short 1.1675-1.1700 P/T 1.1615 1.1550 Comments: USD/CHF has already bounced off the main weekly pivot around 1.1677 and that should be good resistance until it proves us wrong. Look for a re-test of this area with little buy pressure. We also have an R1 daily pivot at 1.1679. Profit targets at 1.1615 which is the S1 daily pivot and 1.1550 which is the S3. JT Says: October 31st, 2007 at 11:51 am e B.T.W I am NOT an affiliate for this site HOWEVER I seriously suggest you take DC's TRAINING if and when it becomes available again - if you want to trade this PROFITABLE system - GET PROPERLY TRAINED - makes good sense NO??? 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 10/30/2007 USD/JPY Short 114.45 - - (20) 10/30/2007 USD/CHF Short 1.1666 1.1615 1.1558 +80 10/31/2007 USD/JPY Short 114.95 - - (20) 11/2/2007 USD/JPY Short 114.85 - - (20) 11/2/2007 USD/JPY Short 115.35 114.75   +60 11/2/2007 USD/CHF Short 1.1565 1.1500   +48                             TOTAL PROFIT +128 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 get close to our retracement level and it keeps motoring up to higher highs. Near term support should be around 1.4300-25. Last 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. 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. 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