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No Hype, No Bull, Just Results
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#1 2009-01-28 10:34:52
- SystemTraderFX
- Administrator

- Registered: 2008-01-25
- Posts: 160
Weekly Live Tips (Jan. 21)
**We've received requests from SystemTraderFX Demo Traders to receive the weekly tips emails that Live traders are receiving. For the time being just so demo traders are aware of what is being sent out, these emails will also be sent to demo traders on a one week delayed basis. So, the following is the tips email that was sent out last Wednesday**
Before we start, we'd like to share the recording of Monday night's (Jan. 26) Online Trading Classroom. Click on: http://breeze.tradingpostfinancial.com/p75323689/.
Now, let's review last week's highlighted strategy before we share this week's.
DB Swing: EUR/USD
This was a lightly traded strategy this past week. There were two closed trades, one winner for +200 pips and one loser for -85 pips for a total profit of +115 pips. There are currently three open positions, though, (two short, one long) so we’ll see how those pan out.
As an added bonus, we’ll go back two weeks...
WANG-China: EUR/USD
Talk about consistency. Two weeks ago, we presented WANG-China. The first week after our initial Live Trading Insight email it made +160 pips. This past week it banked another +160 pips for a two week total of +320 pips.
So in two weeks the two systems we’ve shared has shown a +435 pip profit. Onto the strategy that’s in our crosshairs this week.
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Strategy Focus of the Week
TrendEscape: CHF/JPY
This is a strategy that is meant to perform well in trending markets. It is a non-performer in range-bound markets. Suffice to say we’ve seen some strong trends across all currency pairs and this is one that is no exception. Its January performance has been exceptional. Just be aware of how many positions this strategy executes at any one time.
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TRADING TIP:
Perception isn’t always reality. Historically the GBP/JPY strategies seem to be the most profitable, if you go solely by the system performance figures. But don’t let it mislead you.
There can be wild swings of gains AND losses that you have to endure. Most of these highly volatile GBP/JPY strategies aren’t for the faint of heart and can quickly liquidate a small account.
If you’re going to wade into such a strategy go in well armed with a sizable account enough to withstand the risk, and your eyes wide open to riding things out for the long-term. On the other hand you can choose to focus on less profitable strategies (with lesser risk) that have more consistent results.
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**As a live trader you receive these emails for free. Those who are trading accounts with balances exceeding $25,000 receive one-on-one strategy consultation with a trading partner at SystemTraderFX.
Yours in Autotrading,
The SystemTraderFX Team
Automated Forex Trading with SystemTraderFX - No Hype, No Bull, Just Results
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