I signed up for a signals trading package, and found the first 2 days very spot on and profitable. I like to learn to fish for a lifetime, and was wondering if we could put our brains together and figure out what system would consistently yield these signals.
The signals are generated and posted at 500 GMT. They are then valid until 5pm EDT and should be closed at that time. There are EUR, GBP and CHF signals provided each day.
Since today's signals are close to expiring, I will post EUR as an example of past performance. I respect my subscription's provider's terms and will not violate my contract.
I thought it would be a good educational exercise for all of us to try to crack this system, and eventually create a system for our life-long profitability.
Mar 22nd 2010,
Buy 1.3544 , SL 1.3504, TP 40 pips
Sell 1.3504 , SL 1.3544 , TP 40 pips
EUR is targetted 40 pips TP with 15 pip movement breakeven stop loss.
GBP and CHF are targetted 70 pips TP with 30 pip movement breakeven stop loss.
At 0900GMT (1 hours before signals), the 1H candle was O 1.3541 H1.3523 L1.3511.
- At 1000GMT, all pending orders will be valid since the current tick would always be away from both B and S entry points.
- The Stop losses are the entry points of each other.
look at the Statement_032210.pdf attachment for all three signals I entered. Note that I closed the order early. I only waited for 5 hours, and was satisfied for the 70+ pips. If I had held on longer, GBP would have netted several more pips. This was obviously a very good day. Of course, I'm sure there will be draw-downs.
Anybody interested in this group study and more details can email me at firstname.lastname@example.org
I will not disclose the signal provider, as that would constitute spam.