NOTE: Recent loss on USD/CAD and EUR/USD were due to FXCM feed freezing. These orders would have had better averaged price and would have closed with 50+ pips of profit. However, due to the feed issue with Collective2, my trades never reached target profit (but my real account did), and since I was going on vacation, I closed these 2 trades. I am still up 25% for the month, instead of the 50%.

Market sentiment is the driving force of the currency market. Sentiment is the reflection of fundamental news. My focus is on the sentiment and I try to capture a major move before it takes place. My trading method is not based on technical or news trading... it is based on sentiment trading exclusively.

Most of my trades will be entered between 2:00am ~ 3:45am NY Time, and some will be entered between 6:00am ~ 7:45am NY Time. There is also a possibility for one order per day during the Tokyo session, between 7:00pm ~ 8:45pm.

My goal is 30 to 150 pips per trade, my stops are usually limited to 60~80 pips (although I may let some positions take larger stops based on lower leveraged entry and market direction), I focus on a 30 pips zonal stop (from 50 to 80 pips), since I do not believe that a particular bid/ask price is sufficient as stop.

My recommended leverage for trading is 2X your current available Equity. If you have a $10,000 account, then you only trade 2 mini lots per trade... I may have up to 4 positions, therefore up to 8 mini lots... Do not overtrade my system or you may be taking on a higher than necessary risk.

I recommend that you autotrade my system, although I do trade the London session, sometimes I follow high-impact news events during Late U.S. Session or Early Asian sessions... therefore it is best if you setup auto-trading based on my system.

UPDATE: Some traders question a huge drawdown on my record referring to the AUD/JPY trade, at the time of the trade, we had a major capitulation move and Collective2 website was down. I couldn't close the trade although I have issued a closeall signal. Then after one hour collective2 came back and market started to rebound, and I started to add on to more positions therefore came out with a profit. This trade would have a controlled risk.

Secondly, some traders wonder why I add to a losing position. The answer is I average my entries at better price. If you look at my original entries, I enter with such a small lot that practically I am just trading 2 lots on a 250K account! Therefore I can afford the cost average. Remember my trade is based on fundamentals. I am anticipating market movement therefore I am confident with market direction, that is why you can see over 85% successful trades. I usually dont hold my trades for days waiting for it to turn positive, as you can see the average time per trades.

Thank you, and if you want to learn about my trading methods, I do publish an E-book at my website http://www.newsprofiteer.com


NewsProfiteer