FX Nation Live Weekly Recap +230 Pips

Having trouble viewing this? Check out the online version. Weekly Recap Week of November 19th, 2007 November Daily Video Trade Results This Week: 3/4 (75%) +230 Pips MTD:  9/14 (64%) +505 Pips     Here is a recap of the Daily Video Commentary which you can get for free each day on FX Nation Live: We have been scratching and crawling our way to profits during November so far but this week went off 3 for 4 and plus 230 pips, which is almost as many as we've gained month to date. The big downward spiral of the USD/CHF helped us hit 100 pips total as it went through both profit targets in the holiday shortened week. Here are comments from actual members this week: conny Says: November 21st, 2007 at 4:38 am i take profit in eur-usd +43 pips and usd-chf +32 pips conny Says: November 21st, 2007 at 9:44 am +35 pips in eur/usd,its not more trade to day.All in all +200 pips. Dixie Says: November 20th, 2007 at 6:18 am Good trading all. I’m out Traderstar Says: November 20th, 2007 at 9:19 am Long on EUR/USD worked very well overnight +128 pips, nice :=) 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 11/20/2007 USD/JPY Short 110.53 110.00 109.75 +66 11/20/2007 EUR/USD Long 1.4650 1.4717 1.4750 +84 11/21/2007 GBP/USD Long 2.0600 - - (20) 11/21/2007 USD/CHF Short 1.1075 1.1000 1.0950 (20)                                                         TOTAL PROFIT +230 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 11/27/07 Consumer Confidence 10:00 AM Weekly Trade Idea This Week: The EUR/USD did rally from the 1.4650 area only going about 28 pips lower to 1.4622 before heading up to a high of 1.4967. Currently, the pair is trading around the R2 monthly pivot at 1.4820 and that may hold as support if the EUR/USD wants to head even higher in the direction of the overall uptrend. Last Week: Finally, we got some follow through on the retracement as the EUR/USD came only 27 pips from the 1.4500 area before heading higher to 1.4725. The pair is now trading right at the monthly pivot (1.4650) so it may go higher from here if that level acts as support. If it wants to drop lower, we may be looking at 1.4500 again. 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. 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