Good afternoon.
We want to bring your attention to the main difference between our service and others:
At DailyMarketAdvice, we believe the only way to continually beat the market is to adapt your strategy to market conditions and to use techniques that can be applied daily. If you discover a market pattern that repeat itself at least 70% of the time and where the amount gained when the pattern holds is greater than the amount lost when it doesn’t, don’t think twice; you have found the ideal way to beat the market. Finding and exploiting market patterns has been precisely our philosophy for years. We don’t try to break the bank in one or two sessions. Instead, we beat the market little by little but daily and, by the end of a year, we have achieved profits you won’t believe. What is challenging about our philosophy is that, when the timing, tendencies or volumes change in the markets, past techniques many times no longer work. That is why we at DailyMarketAdvice are constantly refining our techniques.
Our signals ALWAYS HAVE A STOP that never moves. Therefore, when you execute one of our trades you know the maximum risk you are assuming.
A while ago, I had a subscription in another day-trading service that offered a profitability of practically 100% according to their Forex statistics. I was quite surprised by this and decided to follow them for two months. And it was true; they had 100% profitability on closed operations. The problem is that each day they left open many operations (all without any stop or target) and they would close them when they became positive. The problem is that the negative ones were accumulating losses without being closed. After following them for two months, I discovered they had accumulated 12 open operations; one with -800 pips and another with -650 pips. Strikingly, all the gains they had accumulated through closed operations during that period didn’t add up to half the pips of losses they had accumulated with these two open operations.
As we do every weekend, we are going to analyze the market and review the success of our techniques over the past week.
The following are the operations for this past week. Let’s review them to see what would have happened had we executed all of them.
| DAY | TECHNIQUE | OUTCOME | COMMENT |
| Monday | Morning | 0 | US markets closed. |
| | Opening | | |
| | Evening | | |
| Tuesday | Morning | +0.75 | Here we entered with trade type C (counter-tendency). We got within 0.5 of the target (6 points) twice and closed at +0.75. |
| | Opening | +5 | Did not hit the stop by only 0.25 and reached the target of +5. |
| | Evening | +2.5 | |
| Wednesday | Morning | +1.5 | Missed the target of +4 by 0.25. |
| | Opening | -4 | Entered short, arrived to 3 points, then hit stop. |
| | Evening | +0.25 | |
| Thursday | Morning | -4 | Entered short and hit stop. |
| | Opening | +5 | Did not hit stop by 0.25. |
| | Evening | -0.25 | |
| Friday | Morning | +4 | Would have gained 4 points after being down 3. |
| | Opening | -4 | Would have entered long, hit the stop and then arrive to the 5 point target. |
| | Evening | -1 | We executed this trade but there was little movement at the close. |
To summarize, having executed all of the Morning trades, we would have gained +2 points, with three positive and one negative trade.
For the Opening, we would have had 2 positive and 2 negative trades for a gain of +2 points.
For the Evening, we would have had 2 positive and 1 negative trades for a gain of +1.5 points.
Having executed all of the operations, we would have gained 5.5 points, but the market completely lacked fluidity.
Now we will review our Forex techniques for the past week. We executed 10 operations, of which 7 were positive and 3 negative for a total of 164 pips gained.
Let’s review the week, technique by technique.
Macroeconomic data was announced at 4:30 EST and, in the majority of brokers, the minimum was between 1.5348 and 1.5350, meaning we were only 2-3 pips from the target. At that same time, we raised the target 1.5357 and the price went to 1.5358, 1 pip from the target but, in the end, we hit the stop. Because of only a couple of pips, in two separate instances, we failed to gain between 42 and 35 pips and we hit the stop of 42 pips. We obviously lacked a bit of good luck.
The last week gave us 53 -50 +30 +34 +89 = 156 pips of profit. So far, this is much better than January, which was the worst month of the last 12 months. But, as you can see, we are still far away from the results of other months and even from the second worst month, November of last year, when we earned 185 pips.
It is strange but, as you can see, the beginning of 2010 has been irregular for this technique which normally gives us an average of at least 300 pips per month. We hope that it begins to work better next week.
European Morning Technique EUR/JPY at 3am EST. We did not use this technique neither on Monday nor Tuesday because of an excessive range during the previous nights. On Wednesday, we earned 20 pips. On Thursday and Friday the trades were canceled because they overlapped with the evening technique. Therefore, we had only 1 operation this week, using this technique, and we gained 20 pips.
In the case of the Evening Technique Eur/Jpy, the week went quite well as we executed 5 operations; 4 positive and only 1 negative (yesterday’s operation that later was covered by the reverse. We earned +161 pips this week with this technique.
Have a nice weekend and we will back with you again on Monday!
Here is a reminder of our current trading schedule:
I. Our Current Trading Schedule
A. Stocks: We are not currently trading stocks as market conditions are not favorable. We will advise you when we begin these trades once more.
B. MiniSP Futures:
1. Morning MiniSP Futures- 3:00am EST
2. Open MiniSP Futures- 9:30am EST
3. Evening MiniSP Futures- 3:00pm EST
C. Forex
1. European Morning Technique GBP/USD- 3:00am EST
2. European Morning Technique EUR/JPY- 3:00am EST
3. USA Morning Technique EUR/JPY – 9:00am EST
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