FX Nation Live Weekly Recap -45 Pips

Having trouble viewing this? Check out the online version. Weekly Recap Week of December 10th, 2007 December Daily Video Trade Results This Week: 1/6 (17%) -45 Pips MTD:  3/13 (23%) +37 Pips     New Product Release Read and React Forex Series Start Making Money in 10-15 Minutes! FX Nation Live will offer just 1 new institutional trade set up each month. These set ups are “tricks” of the trade used by Forex dealing desks all over the world to make money against unsuspecting individual traders. THIS SET UP WILL BE GONE IN 2 WEEKS!   View Details on this month's Read and React Series Here is a recap of the Daily Video Commentary which you can get for free each day on FX Nation Live: Every so often, it's not a good time to be a swing trader and this week was one of them. The USD is retracing further than anticipated and solid support and resistance levels are hard to find. This happens. We have been positive for the past 15 weeks in a row and this is the first down week. If you can become that consistent, you will do great in the long run. I realize it may be frustrating for those that just started here at FX Nation Live, but that's life in the markets. The good news is that we were due for these retracements and eventually we will find good solid support and resistance levels again which should set up some nice trades. Here are comments from actual members this week: battula siva prasad Says: December 10th, 2007 at 7:33 am e THANK YOU DC I COULD HIT EURO/USD BOTH GBP/USD AND ERO/USD ENDED WITH PROFIT We did not have a trade on the GBP for this day but at the daily training we went over all the levels. A trade presented itself and I went for it. DC provides excelent mentoring in the classes. He has called trades as they happen. I missed the exit at my second profit target but still made 96 and 88 pips on two of the legs I placed on this trade. MIKE B 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 12/11/2007 EUR/USD Long 1.4665 1.4720 - +55 12/11/2007 USD/CHF Short 1.1282 - - -20 12/12/2007 USD/JPY Short 111.44 - - -20 12/13/2007 EUR/USD Long 1.4669 - - -20 12/13/2007 USD/JPY Short 112.40 - - -20 12/14/2007 USD/JPY Short 112.40 - - -20                             TOTAL PROFIT -45 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: You could have got about a 100 pip pop from the lows of 1.4640 at the start of the week, but by Friday price had retraced back down near the S1 monthly pivot which should hold next week around 1.4370. Last Week: We had one up day once price came into the 1.4650 area (it actually followed through a little to a low of 1.4620) before heading up to 1.4767. That was the high of the week as price retraced back down to the 1.4627 area. Now that the pair is trading under the monthly main pivot, it retrace further possibly bouncing from 1.4620 again or down further to the S1 monthly pivot around 1.4370. 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. 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