OzFx

Hello Friends, 1. Oz Special: CHF/JPY - Short Fourth lot closed at +200 . Currently at +150 2. Daily Signals: EUR/JPY - Short Third lot closed at +150. Currently at +105 GBP/CHF - Short Second lot closed at +100. Currently at +90 AUD/CAD - Short First lot closed at +50. Rest closed at BE. Please note that new signals will be posted at 8PM EDT.

1. Oz Special: CHF/JPY - Short Fourth lot closed at +200 . Currently at +190 2. Daily Signals: EUR/JPY - Short Third lot closed at +150. Currently at +165 GBP/CHF - Short First lot closed at +50. Currently at +15 AUD/CAD - Short Currently at -15

Hello Friends, Here are the trades for today: 1. Oz Special: None 2. Daily Signals: AUD/CAD - Short GBP/CHF - Short EUR/JPY - Short 3. AES Signals: None We will discuss the signals here. Previous Trade update: 1. Oz Special: CHF/JPY - Short Second lot closed at +100 . Currently at +110 2. Daily Signals: CAD/JPY - Long First lot closed at +50. Rest of the lots closed at BE. 3. AES Signals: EUR/CAD - Short Third lot closed at +150. Rest of the lots closed at BE. EUR/JPY - Long Closed at -100

Hello Friends, Here are the trades for today: 1. Oz Special: None 2. Daily Signals: CAD/JPY - Long 3. AES Signals: EUR/CAD - Short We will discuss the signals here. Previous Trade update: 1. Oz Special: CHF/JPY - Short Second lot closed at +100 . Currently at +41 2. Daily Signals: AUD/USD - Long Closed all lots at +35 at 0.9500 3. AES Signals: EUR/JPY - Long Currently at +9

Hello Friends, Here are the trades for today: 1. Oz Special: None 2. Daily Signals: AUD/USD - Long 3. AES Signals: EUR/JPY - Long Please also note that there is holiday in Japan - Greenery Day. Previous Trade update: 1. Oz Special: CHF/JPY - Short Second lot closed at +100 . Currently at +60 EUR/CAD - Short Third lot closed at +150. Rest of the lots closed at BE. We will discuss the signals here. Cheers, Oz

Hello Friends, Japan and London markets will be closed today due to holidays in both countries. I would recommend not to take any trades. Remember we don't have to trade for the sake of trading. 1. United Kingdom-----May Day Bank Holiday-----05 May 2008 2. Japan-----Children’s Day-----05 May 2008 Upcoming Holidays: 1. Canada-----Victoria Day-----19 May 2008 2. United Kingdom-----Spring Bank Holiday-----26 May 2008 3. USA-----Memorial Day-----26 May 2008 Cheers, Oz

Here the pips updates of trades from today and yesterday: 1. Oz Special: EUR/CAD - Short Third lot closed at +150 . Currently at +90 CHF/JPY - Long First lot closed at +50 . Currently at +48 EUR/USD - Short Second lot closed at +100 . Rest of the lots closed at BE. 2. Daily Signals: NZD/USD - Short Second lot closed at +100 . Rest of the lots closed at BE. AUD/CAD - Short Closed at -100 Cheers, Oz

Hello Friends, I don't see any good trades. Also due to "May Day" holiday I would recommend not to trade today. Later I'll send an email with updated open and closed positions. Cheers, Oz

Here the pips updates of trades from today and yesterday: 1. Oz Special: EUR/CAD - Short Second lot closed at +100 . Currently at +97 EUR/USD - Short Second lot closed at +100 . Currently at +85 CHF/JPY - Long Currently at -35 2. Daily Signals: NZD/USD - Short Second lot closed at +100 . Currently at +41 AUD/CAD - Short Currently at -11

Hello Friends, Here are the trades for today: 1. Oz Special: EUR/CAD - Short (Stop Loss 130) CHF/JPY - Short 2. Daily Signals: None 3. AES Signals: None Previous Trade update: 1. Oz Special: EUR/USD - Short First lot closed at +50 . Currently at +48 2. Daily Signals: NZD/USD - Short Second lot closed at +100 . Currently at +95 USD/JPY - Long Closed at -100 AUD/CAD - Short Currently at -5 We will discuss the signals here. Cheers, Oz

Here the pips updates of trades from today and yesterday: 1. Oz Special: EUR/USD - Short First lot closed at +50 . Currently at +78 2. Daily Signals: NZD/USD - Short First lot closed at +50 . Currently at +71 USD/JPY - Long Currently at -41 AUD/CAD - Short Currently at -20 GBP/USD - Long Closed at -100 Cheers, Oz

Hello Friends, Here are the trades for today: 1. Oz Special: None 2. Daily Signals: GBP/USD - Long 3. AES Signals: None Please note that there is holiday in Japan today. I am still holding all positions from yesterday: 1. Oz Special: EUR/USD - Short 2. Daily Signals: NZD/USD - Short USD/JPY - Long AUD/CAD - Short Cheers, Oz

Hello Friends, Here are the trades from today: 1. Oz Special: EUR/USD - Short 2. Daily Signals: NZD/USD - Short USD/JPY - Long AUD/CAD - Short 3. AES Signals: None Cheers, Oz

Hello Friends, Few days back I mentioned reconsidering 200SMA filter rule and now I am convinced that we can relax this rule a bit specially in times when most pairs are trending against the established trend. So here is what I recommend: 1. Wait for AC to cross “0″ line. 2. Go down to 4hr and 1hr to see if you still see AC and Stot in the same direction. 3. Risk less percent of equity for trades against the trend. I would welcome your ideas and thoughts on this. Cheers, Oz

Hello Friends, We had an excellent start for this month. Though marred by slow market due to NFP we still manage to bank +350 Pips. We only took 4 trades last week and all 4 of them were successful. Some traders mentioned not getting filled on 2nd profit target for USD/CAD when we saw sudden price movement just after the news release. I can’t emphasize enough about trading with a good broker for same reason. All positions on my account and on managed accounts got filled easily. We have 4 open positions at this stage, all in green and currently we stand at 41/47 successful trades. Have a great weekend. Oz

The way I post pips is that I add/subtract the maximum pips you could have won/lost on a pair. If a trade makes +300 pips I don't add 50+100+150+200+300 = 800 pips. I only record 300. Same goes for losses. Cheers, OzFx

When I report +100 it means that first lot closed at +50 and second closed at +100. 3 lots still in play.

If the price is hit 300 then we have closed 4 lots and fifth lot is at 300.

Thats right. I would only add 500 to total pip count. Same for losses. It basically shows that how much you could have made/lost using the system regardless of MM method you using.

Hello Friends, What a great Friday we had. We were able to bank +550 pips in 3 trades which were opened the same morning. I expect these pairs to consolidate a little bit before falling further next week. I am holding all my positions for now. Friday was a great day to end Feb. We achieved a total of +1865 pips which is more than Jan. Last month not only was short but we also faced slow market movement for first 12 or so days due to Chinese New Year holidays, plus I had my personal 3 days off. I hope everyone achieved similar success. If you would like then please leave a feedback here Currently Open Positions: 1. EUR/JPY - Short - 3rd lot closed at +150 2. AUD/JPY - Short - 4th lot closed at +200 3. NZD/JPY - Short - 4th lot closed at +200 4. EUR/GBP - Long - Already had 3rd lot closed at +150 Have a great weekend. Oz

The way I post pips is that I add/subtract the maximum pips you could have won/lost on a pair. If a trade makes +300 pips I don't add 50+100+150+200+300 = 800 pips. I only record 300. Same goes for losses. If I do the way you think I am do it then it would result in more than 10000 pips hope it make sense. Oz

Hello friends, As soon as I finished writing my previous post prices move incredibly in our favor banking us total of +450 pips Currently Open Positions: 1. EUR/JPY - Short - 3rd lot closed at +150 2. AUD/JPY - Short - 3rd lot closed at +150 3. NZD/JPY - Short - 3rd lot closed at +150 4. EUR/GBP - Long - Already had 3rd lot closed at +150 Month Total: +1765

Hello Friends, Trades from this morning are all going in our favor big time. So far we already have banked +300 pips plus more to come Currently Open Positions: 1. EUR/JPY - Short - 2nd lot closed at +100 2. AUD/JPY - Short - 2nd lot closed at +100 3. NZD/JPY - Short - 1st lot closed at +100 4. EUR/GBP - Long - Already had 3rd lot closed at +150 Month Total: +1615

Hello Friends, It is good to be back home. I had a nice short vacation and I am so glad to see that people have kept the forums busy and alive in the meantime. I’d loads of email/PMs to reply back and I hope everyone received the reply. I also tried my best to read every single post on the forums and reply where ever I could. If I’ve missed out on anyone then please send me an email and I’ll reply back to you. When I left we had 5 trades open, out of which EUR/USD performed just great. I closed it at +445 pips at 1.5000. If you are still in the trade then you should be looking at +530 pips right now. EUR/GBP second lot closed at +100, currently at +130. CAD/JPY closed at BE after making +100. CHF/JPY got closed out at -150. And finally USD/JPY closed out at BE after making +50 GBP/CHF trade from today had already made +50 and I’ve moved the Stop Loss to Break Even Total for the month now is +1265 and so far we have 33/39 successful trades. Oz

Hello Friends, What a great week we had. We banked a total of +550 pips. Two of our previous trades from week before reached +300 each and two from this week reached +100 and few +50. Here is the summary of the trades: 1. EUR/CAD---Closed ( from week before) --- +300 2. EUR/USD---Open ( from week before) -----Locked +200 Currently at +270 3. CAD/JPY--- Open --------------------- ----Locked +100 Currently at +42 4. GBP/USD---Closed ------------------------ +100 5. USD/JPY---Open --------------------------Locked +50 Currently at +23 6. EUR/GBP--- Open-------------------------Locked +50 Currently at +44 7. EUR/AUD---Closed ----------------------- +50 8. CHF/JPY--- Open------------------------- Currently at -38 Total for the month: +1070. So far we have 32/37 successful trades Please note that we are trading on daily charts and there are times when we see pullbacks in prices before it goes in our favor. Most of the time 100 pip Stop Loss works fine but in some cases it won't work and thats why we came up with ASL. Read ASL to learn how to put smarter SL. I also want to let you know that I'll away for next three days on business/holiday trip and won't be able to send email alerts. I would still manage my open positions and would report profit/loss when I come back. Perhaps it is good time for everyone to practice on their own Have a great weekend Oz