Good morning/afternoon.
As we do every weekend, we are going to analyze the market and review the success of our techniques over the past week but, before we do, we would like to share something with you.
Over the last several months, we have been working to find new, low risk trades that vary from our standard techniques for both Forex and Sp (and Stocks, when we start trading them again).
We believe we should not pass up on market opportunities and we should therefore be flexible and send you emails with these opportunities without being limited by our standard trading schedule. These will be signals with a bit more risk than usual and, therefore, the possible benefits will be double or triple of our risk.
Starting this Monday, we will send these signals, if we see the opportunity, and we will send them with ample time so that you all have time to place your orders. We will call them Optional Signals.
An example of one of these optional signals is the Cad/Jpy trade from Friday morning. As you can see, our entry price was at 92.10 with a 20 pip stop and a whopping 90 pip target.
Take a look at this pair. Once it lost strong support at 92, there existed a profit opportunity of up to 160 pips.
These Optional Signals will not follow the pattern of any of our standard techniques, rather they are trades we will recommend if we consider the gain/loss ratio to be high enough. These signals will be sent by email, as usual, for both Fx and Sp.
These optional trades will help us overcome some of the limitations we have for the Sp. For example, on Friday, macroeconomic data was announced, which doesn’t allow us to place our normal trade, and we didn’t have any other opportunity to enter the market. And, with a market like the one we are currently experiencing, it is necessary to be able to deviate a bit from our techniques. Take a look, for example, at what happened on Friday with the SP after having lost support at the 1196 level or at the rebound that occurred after hitting a strong support at 1183. We cannot pass up these trades if volatility increases next week with the change of expirations.
As we do every weekend, we are now going to analyze the market and review the success of our techniques over the past week: the third week of April.
FOREX
We’ll start by showing your how our Fx account has grown since January, 2009. As we have reminded you many times, with us you won’t become rich in two days but you also won’t lose money. You will simply make constant, gradual gains, without large DD in your account as the following chart demonstrates. Obviously, you must be prepared to have both positive and negative trades but, as you know, all our signals have a target as well as a stop so you always know the risk associate with each trade.
As you may remember, here are the results for Forex for Q1, 2010.
As we have mentioned on many occasions, our techniques work best when the market is volatile.
Take a look at the following data we extracted from the previous chart regarding our account’s progress. This data represents the number of pips we made or lost per day. As you can see, each day we make or lose a very small number of pips.
2010-04-13; -29
2010-04-12; 40
2010-04-09; 142
2010-04-08; 46
2010-04-07; -8
2010-04-06; 38
2010-04-05; -13
2010-04-01; 8
2010-03-31; 38
2010-03-30; -6;
2010-03-29; -5
2010-03-26; -24
On the other hand, look at our results for the same dates last year.
2009-04-22; 100
2009-04-21; 63
2009-04-20; 95
2009-04-17; 127
2009-04-16; 99
2009-04-15; -08
2009-04-14; 97
As you know, our techniques adapt to market volatility: The more volatility, the more aggressive our targets. Having seen market volatility increase on Friday afternoon, we are hoping to now be able to set more aggressive targets for our signals, which would be a good sign for our techniques as well as for our performance.
MINISP FUTURES
Now we will turn our attention to the Sp. Yesterday, the Sp finally began to experience an increase in volatility and it did so very suddenly after 28 sessions of having moved less than 1%, as we commented on last weekend. As we also commented then, our techniques depend on healthy price ranges as our targets are between 4 and 5 points. We have seen many sessions recently with ranges of 5 points for the entire session.
We hope you enjoy the weekend.
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