Saturday, March 28, 2009

6 Pips/ 4 Minutes on Short Position on EUR/USD on 20th of March, 2009

Sold at better than published price after opportunity should have been closed; therefore, managed without insistence of said price being reached; therefore, modest contribution of about 1/2% to medium account.

Short Position on EUR/JPY on Original Research Prompted by Signal on March 16, 2009

Broke even on larger account, followed market long enough to find opportunity compliant with my research. Result was $95.47, about 1-1/4% growth in medium account. Patience and independent thinking was well enough rewarded.

Saturday, March 14, 2009

My Examinationi of Past Trades on Site

Among the features of Forex Ambush I respect is statements of past real trades, which happen to cover all of last month all the way back to the twelfth of this past September. I have noticed a starting balance in September of $7,737.78 growing all the way to $56,922.34, which is 7.36 fold in five and one-half months, which is over 43% growth/month.

What a pity that the visitor's intelligence is insulted by the claim on the home page of growth exceeiing 1,600%/month and 20,000%/year. As far as I am concerned, past results, along with my experiences are close enough for my comfort.

Friday, March 13, 2009

Close Call on CAD/CHF with Happy Ending on 3/13/09

On 10th of last month, I followed signal to buy CAD/CHF, and promptly won on all accounts. Unfortunately, I over-rated not seeing the usual signal of trade closed, scaled in and out on medium account as the market headed south, first gradulally, then faster, until about $4000 draw-down. Which I began to remedy by adding more funds to the most heavily loaded account, namely my medium account, and liquidating as many positions as accumulated gains allowed, leaving little over $40 or about 3/4%.

The market continued to move south, which provoked an inquiry of the latest prognosis, which went unanswered, and examination of last mont's statememt posted on the site showed their trade closed at the posted objective of 20 pips. Further examination revealed other precedents far more in line. I inquired and was asked if I was still in, which was followed by my reply in the affirmative, which was followed by being advised to send an e-mail to the "strategy team" for help, which I promtly did, which has yet to be fllowed by any reply. I was not given any explaination of the extreme mis-match between last month's tatement and the absence of the usual signal of closed trade.

Along the way, I examined that market and a couple of correlating markets in the presence of my oringal research with Bollinger Bands, selected moving averages, and boundaries taught in the Control Point course offered by Prime-line.com, and became quite uncomfortable what I saw on the weekly chart of CAD/CHF, two nights ago, which prompted ajusting objectives in favor of getting out of trouble, serious praying, and other exercises of faith and quantum physics, one of which is promoted on http://www.releasetechnique.com/, and is profoundly simple.

Said exercises proved to be a turning point, because the market bolted upward in an unusual fashion, which was sufficient for lightening the load without penalty. The market grew, inspite of my subsequent analysis, at a rate to liquidate all of my remaining positions. Lttle over $20 or 1/4% added to my account with Fxpro.com, and little under $125 or little over 5% with Finexo.com, where, unlike Fxpro.com, no former gain was sacrificed.

More clear it became that I can never afford to be cocky.

Modest Win and an Extra on Shorting EUR/JPY, 3/12/09

0.5 lot on medium account, which added $54.97, little under 3/4% to balance before trade. Later in day, shorted again in reliance on my research on patterns in the presence of Bollinger Bands, selected moving averages, and boundaries taught in the basic course offered on http:www.prime-line.com, namely, Control Point, which added $143.06, over 2%.

Monday, March 9, 2009

Sale of USD/JPY 3 Times on Medium Account on 3/6

0.4 lot at gain of $47.96, little under 1% of balance after adjustments on same day for seeing to profit from signal on CAD/CHF issued on 10th of last month; second sale of same yielding $78.07, clearly more than 1%; and final sale of same yielding $11.04.

EUR/JPY Bought Twice on 3/2 on Medium Account

First purchase of 0.3 lot sold at gain of $74.25, little under 2% gain; second purchase of same sold at $151.05, over 3% gain. Patience well rewarded or what?

Sale of EUR/JPY on 2/27

Sold .30 lot on medium account, and bought with far larger gain of $62.60, little under 2% of balance before trade.

Slightly Larger Gain on Following Day with EUR/JPY

Sold .30 lot on medium accout and bought with gain of $9.24 on same day of former trade.

Near Break-Even on EUR/USD on 2/25

Bought .30 lot on my medium account and sold at profit of $3.60. Better than losing.