FX Nation Live Weekly Recap +82 Pips

Having trouble viewing this? Check out the online version. Weekly Recap Week of December 3rd, 2007 December Daily Video Trade Results This Week: 2/7 (29%) +82 Pips MTD:  2/7 (29%) +82 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.   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: I preach money management, risk/reward, discipline and controlling emotions and this week you see why. After 4 straight losses and eventually going 2 for 7 for a dismal 29% we still made 82 pips of profit! 82 pips of profit being right less than a third of the time. This is what trading is all about. I am more proud of this week than a week with over 300 pips. Here are comments from actual members this week: manorlad Says: December 6th, 2007 at 9:18 am e just closed Eu Long for 57 pips @ TP1 - great call to the pip!! Also closed cable long for 92 pips - nice to see the pairs moving again! Looking to re-enter after retrace wahsad Says: December 6th, 2007 at 10:21 am e 50 pips on euro.tx DC steve1973 Says: December 6th, 2007 at 10:31 am e WOW what a great call on the EUR .... thanks D.C.!!! manorlad Says: December 6th, 2007 at 12:13 pm e Just closed out Euro @ TP2 for another 50 pips on top of the 57 pips gained to TP1 - total 107 pips!! USD/Yen +30 pips at mo. PLUS 92 pips on Cable earlier - 199 pips to date AND COUNTING!! - not a bad day at the "office" - whoever said "DC's da man!" was ABSOLUTELY CORRECT!!! fxtrading Bill Says: December 6th, 2007 at 12:55 pm e I said DC was the man after successful yen trade where he called to the pip.And I am long Euro just like you another winner. 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 12/04/2007 EUR/USD Long 1.4669 - - -20 12/04/2007 USD/CHF Short 1.1280 - - -20 12/05/2007 EUR/USD Long 1.4720 - - -20 12/05/2007 USD/CHF Short 1.1220 - - -20 12/06/2007 EUR/USD Long 1.4539 1.4600 1.4650 +86 12/06/2007 USD/JPY Short 111.40 - - -20 12/07/2007 GBP/USD Long 2.0224 2.0300 2.0341 +96               TOTAL PROFIT +82 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 12/13/07 Retail Sales 08:30 EST Weekly Trade Idea This 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. Last Week: 1.4820 held on the 26th as it went to a low of 1.4806 before heading to a high of 1.4908. The rest of the week was down as it retraced near the next major support level of 1.4650 which is the R1 monthly pivot. We should be able to catch a new long position from this support area 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.