Sunday, November 30, 2008
More Quick EUR/USD Pips
As predicted in my previous post, EUR/USD dropped down to 1.2615 before starting to rally. Quick pips now...? Short from 1.2685 to 1.2665, then buy and hold until 1.2715. Don't get too greedy as the overall trend is still positive...
Saturday, November 29, 2008
Quick Pips on the EUR/USD
Although the EUR/USD is currently in an uptrend, there is some quick cash to be made shorting it. The price should bottom out to around 1.2640 before making another 300+ pip move up to 1.3000.
Sunday, November 2, 2008
Forex Avenger Review
I spent the weekend looking over a new forex trading system called the Forex Avenger. It was released on October 28, 2008-so it is pretty fresh and there isn't a lot of information on it. New trading systems always pique my interest, so here is my review of the Forex Avenger.
Forex Avenger is a mechanical trading system. It is not automated, meaning it isn't a forex trading robot or Expert Advisor. It is a trend following system built around 3 indicators. Included with the Forex Avenger is a second trading system called the "Set 'n Sleep System." It is another mechanical trading system, designed for people who work full-time and can't watch forex charts all day.
So does the Forex Avenger work, or is it a scam? The sales page claims the Forex Avenger system wins 82% of its trades. That number seems a bit high, but based on backtesting it for the past 3 months it is a profitable trading system. I believe it actually made a 26% gain in September 2008-not a bad month at all!
What's included with the Forex Avenger? A full ebook (in PDF format) that introduces forex, forex trading, and the Forex Avenger system. The ebook is pretty big (77 pages), and very informative. If you're new to the forex market, this is an excellent guide. Also included are 16 videos about the Forex Avenger and 6 videos describing the Set 'N Sleep system. Lots of example trades are shown, but it is really a simple enough system that you shouldn't have any problems trading it.
If you're looking for an easy to follow, mechanical trading system that is a proven winner, I recommend looking into Forex Avenger.
Forex Avenger is a mechanical trading system. It is not automated, meaning it isn't a forex trading robot or Expert Advisor. It is a trend following system built around 3 indicators. Included with the Forex Avenger is a second trading system called the "Set 'n Sleep System." It is another mechanical trading system, designed for people who work full-time and can't watch forex charts all day.
So does the Forex Avenger work, or is it a scam? The sales page claims the Forex Avenger system wins 82% of its trades. That number seems a bit high, but based on backtesting it for the past 3 months it is a profitable trading system. I believe it actually made a 26% gain in September 2008-not a bad month at all!
What's included with the Forex Avenger? A full ebook (in PDF format) that introduces forex, forex trading, and the Forex Avenger system. The ebook is pretty big (77 pages), and very informative. If you're new to the forex market, this is an excellent guide. Also included are 16 videos about the Forex Avenger and 6 videos describing the Set 'N Sleep system. Lots of example trades are shown, but it is really a simple enough system that you shouldn't have any problems trading it.
If you're looking for an easy to follow, mechanical trading system that is a proven winner, I recommend looking into Forex Avenger.
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