Forex Peace Army Forum http://www.forexpeacearmy.com/forex-forum Free to join Forex Peace Army provide mutual trades support in barely regulated forex market. en Sat, 19 Jul 2008 19:14:03 GMT vBulletin 60 http://www.forexpeacearmy.com/forex-forum/images/fpaskin/misc/rss.jpg Forex Peace Army Forum http://www.forexpeacearmy.com/forex-forum Stock Market News http://www.forexpeacearmy.com/forex-forum/market-predictions-reports/2688-stock-market-news.html Fri, 18 Jul 2008 21:58:31 GMT Daily Market Commentary for July 18, 2008 from Millennium-Traders.Com

Earnings reported on Merrill Lynch (NYSE: MER) came in with a loss of $4.9 billion with a $9.4 billion in losses related to mortgage losses. Google shares (NasdaqGS: GOOG) got slammed after reported earnings at $1.25 billion or $3.92 per share. (read more)

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) gain of 49.91 points on the day to end the trading session at 11,496.57
NYSE (New York Stock Exchange) gain of 38.80 points to end the trading session at 8,453.85
NASDAQ loss of 29.52 points to end the trading session at 2,282.78
S&P 500 gain of 0.36 points to end the trading session at 1,260.68
FTSE All-World ex-U.S. gain of 0.49 points to end the trading session at 224.61
FTSE RAFI 1000 gain of 14.52 points to end the trading session at 4,936.83
BEL 20 (BEL20) gain of 75.36 points to end the trading session at 3,075.21
CAC 40 (CAC40) gain of 73.37 points to end the trading session at 4,299.36
FTSE100 (UKX100) gain of 90.1 points to end the trading session at 5,376.4
NIKKEI 225 (NIK/O) loss of 84.25 points to end the trading session at 12,803.7

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,681; declined stocks 1,501; unchanged stocks 88; stocks hitting new highs 23; stocks hitting new lows 70. List of volatile stocks as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Walter Industries Incorporated (NYSE: WLT) gained 3.34 points on the trading session, high on the trading session $94.84, low on the trading session $85.09 for a closing stock price at $90.09; Devon Energy Corporation (NYSE: DVN) gained 1.06 points on the trading session, high on the trading session $101.82, low on the trading session $96.06 for a closing stock price at $98.57; AptarGroup Incorporated (NYSE: ATR) shed 5.46 points on the trading session, high on the trading session $40.30, low on the trading session $37.21 for a closing stock price at $38.07; Valmont Industries Incorporated (NYSE: VMI) gained 15.23 points on the trading session, high on the trading session $112.00, low on the trading session $99.88 for a closing stock price at $108.82; CONSOL Energy Incorporated (NYSE: CNX) shed 0.60 points on the trading session, high on the trading session $85.16, low on the trading session $79.78 for a closing stock price at $81.89; Fluor Corporation (NYSE: FLR) shed 2.43 points on the trading session, high on the trading session $87.81, low on the trading session $83.37 for a closing stock price at $84.25; Entergy Corporation (NYSE: ETR) shed 0.06 points on the trading session, high on the trading session $115.77, low on the trading session $110.12 for a closing stock price at $110.60; BlackRock Incorporated (NYSE: BLK) gained 9.74 points on the trading session, high on the trading session $222.88, low on the trading session $204.49 for a closing stock price at $218.00; Ultrashort Financial (NYSE: SKF) shed 7.76 points on the trading session, high on the trading session $144.21, low on the trading session $133.50 for a closing stock price at $138.00; CME Group Incorporated (NYSE: CME) shed 2.13 points on the trading session, high on the trading session $340.13, low on the trading session $323.00 for a closing stock price at $332.67; Potash Corporation Saskatchewan (NYSE: POT) shed 4.11 points on the trading session, high on the trading session $215.59, low on the trading session $207.00 for a closing stock price at $209.11; Fannie Mae (NYSE: FNM) gained 2.47 points on the trading session, high on the trading session $14.14 low on the trading session $11.40 for a closing stock price at $13.40.

Market trends on the NASDAQ today: advanced stocks 1,286; declined stocks 1,603; unchanged stocks 142; stocks hitting new highs 36; stocks hitting new lows 77. List of volatile stocks as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Gilead Sciences Incorporated (NasdaqGS: GILD) shed 5.65 points on the trading session, high on the trading session $51.61, low on the trading session $49.20 for a closing stock price at $49.75; Google Incorporated (NasdaqGS: GOOG) shed 53.44 points on the trading session, high on the trading session $498.98, low on the trading session $478.19 for a closing stock price at $480.00; Avocent Corporation (NasdaqGS: AVCT) shed 3.86 points on the trading session, high on the trading session $23.88, low on the trading session $20.64 for a closing stock price at $20.82; SemGroup Energy Partners LP (NasdaqGS: SGLP) shed 2.65 points on the trading session, high on the trading session $9.64, low on the trading session $5.98 for a closing stock price at $8.35.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 587; declined stocks 577; unchanged stocks 85; stocks hitting new highs 5; stocks hitting new lows 33.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1,260.50, change 0.00
E-mini NASDAQ-100 (NQ) end of day price 1,828.25, change -0.50
E-mini S&P SmallCap 600 (SMP) end of day price 363.50, change -0.60
$5 DJIA (YM) end of day price 11,502, change 1

World Currencies at time of this posting:
Euro 0.6310 to U.S. Dollars 1.5848
Japanese Yen 106.94 to U.S. Dollars 0.0094
British Pound 0.5004 to U.S. Dollars 1.9984
Canadian Dollar 1.0055 to U.S. Dollars 0.9945
Swiss Franc 1.0223 to U.S. Dollars 0.9782

Commodities Markets:
Energy Sector: Light Crude (NYM) shed $0.41 on the day for a closing price of the range of $128.88 a gallon ($US per bbl.); Heating Oil (NYM) shed $0.05 on the day for a closing price of $3.72 a gallon ($US per gal.); Natural Gas (NYM) gained $0.03 on the day for a closing price of $10.64 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.01 on the day for a closing price of $3.17 a gallon ($US per gal.).

Metals Markets:
Gold Market Price (CMX) shed $12.70 on the day for a closing price of $958.00 ($US per Troy oz.); Silver (CMX) shed $0.54 on the day for a closing price of $18.20 ($US per Troy oz.); Platinum (NYM) shed $46.40 on the day for a closing price of $1,854.00 ($US per Troy oz.) and Copper (CMX) shed $0.05 on the day for a closing price of $3.67 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.25 on the day for a closing price of 72.65; Pork Bellies (CME) shed 2.10 on the day for a closing price of 63.50; Live Cattle (CME) gained 0.05 on the day for a closing price of 105.10; Feeder Cattle (CME) gained 2.33 on the day for a closing price of 113.88.

Other Commodities (cents per bu.): Corn (CBT) shed 21.50 on the day for a closing price of 628.50 and Soybeans (CBT) shed 50.00 on the day for a closing price of 1,450.00.

Bond action for the day: 2 year bond shed 9/32 on the day for a closing price of 100 14/32 with a Yield of 2.64, Yield Change +0.15; 5 year bond shed 20/32 on the day for a closing price of 99 26/32 with a Yield of 3.41, Yield Change +0.14; 10 year bond shed 23/32 on the day for a closing price of 98 23/32 with a Yield of 4.08, Yield Change +0.15; the 30 year bond shed 20/32 on the day for a closing price of 95 18/32 with a Yield of 4.65, Yield Change +0.04.

At the close of the week, performance results for our Moderators:

Stocks Trading Room:
Jeannie $11,828
Barry $19,617
Marty $13,255
Sam $4,356

Futures Trading Room:
JT $9,501.00

Forex Trading Room:
JT $9,600

Daily Swing Trades:
Barry $20,480

Weekly Swing Trades:
Jeannie $3,870

Access scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading services. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market Predictions and Reports MTnews http://www.forexpeacearmy.com/forex-forum/market-predictions-reports/2688-stock-market-news.html How To Calculate The Number Of Pips http://www.forexpeacearmy.com/forex-forum/beginners-bootcamp/2687-how-calculate-number-pips.html Fri, 18 Jul 2008 18:24:30 GMT Hello all, Please can someone tell me how to calculate no of pips from one candle to another. thanks Hello all,

Please can someone tell me how to calculate no of pips from one candle to another.

thanks ]]> Beginners Bootcamp onwukarisa http://www.forexpeacearmy.com/forex-forum/beginners-bootcamp/2687-how-calculate-number-pips.html New - Forex Recomendations http://www.forexpeacearmy.com/forex-forum/beginners-bootcamp/2682-new-forex-recomendations.html Thu, 17 Jul 2008 22:45:58 GMT Would anyone with experience recommend a FOREX company. Please provide details Would anyone with experience recommend a FOREX company.

Please provide details ]]> Beginners Bootcamp Elvin Villalobos http://www.forexpeacearmy.com/forex-forum/beginners-bootcamp/2682-new-forex-recomendations.html Housing Starts http://www.forexpeacearmy.com/forex-forum/market-predictions-reports/2681-housing-starts.html Thu, 17 Jul 2008 21:49:59 GMT Daily Market Commentary for July 17, 2008 from Millennium-Traders.Com

Economic data released today assisted the markets with their move into higher ground. A surprising jump in housing starts ended up being as a result of a rush by builders to beat a July 1 deadline for stricter building codes, in New York. (read more)

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) triple digit gain of 207.38 points on the day to end the trading session at 11,446.66
NYSE (New York Stock Exchange) gain of 82.14 points to end the trading session at 8,414.96
NASDAQ gain of 27.45 points to end the trading session at 2,312.30
S&P 500 gain of 14.15 points to end the trading session at 1,259.51
FTSE All-World ex-U.S. gain of 3.08 points to end the trading session at 223.85
FTSE RAFI 1000 gain of 94.15 points to end the trading session at 4,912.92
BEL 20 (BEL20) gain of 94.45 points to end the trading session at 2,999.85
CAC 40 (CAC40) triple digit gain of 113.54 points to end the trading session at 4,225.99
FTSE100 (UKX100) triple digit gain of 135.7 points to end the trading session at 5,286.3
NIKKEI 225 (NIK/O) triple digit gain of 127.15 points to end the trading session at 12,887.95

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 2,358; declined stocks 876; unchanged stocks 57; stocks hitting new highs 27; stocks hitting new lows 75. List of volatile stocks as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Alliance Data Systems Corporation (NYSE: ADS) gained 7.01 points on the trading session, high on the trading session $59.03, low on the trading session $54.17 for a closing stock price at $59.01; Freddie Mac (NYSE: FRE) gained 1.50 points on the trading session, high on the trading session $9.69, low on the trading session $7.14 for a closing stock price at $8.33; BlackRock Incorporated (NYSE: BLK) gained 29.31 points on the trading session, high on the trading session $215.63, low on the trading session $185.40 for a closing stock price at $208.26; Textron Incorporated (NYSE: TXT) shed 2.73 points on the trading session, high on the trading session $45.00, low on the trading session $40.58 for a closing stock price at $43.25; Nucor Corporation (NYSE: NUE) shed 7.45 points on the trading session, high on the trading session $67.32, low on the trading session $56.56 for a closing stock price at $59.81; Monsanto Company (NYSE: MON) shed 1.62 points on the trading session, high on the trading session $120.90, low on the trading session $112.73 for a closing stock price at $115.57; Intercontinental Exchange Incorporated (NYSE: ICE) shed 3.33 points on the trading session, high on the trading session $95.70, low on the trading session $87.50 for a closing stock price at $90.41; Ultrashort Financial (NYSE: SKF) shed 13.99 points on the trading session, high on the trading session $155.65, low on the trading session $136.00 for a closing stock price at $145.76; CME Group Incorporated (NYSE: CME) gained 3.78 points on the trading session, high on the trading session $341.94, low on the trading session $292.61 for a closing stock price at $334.80; Fannie Mae (NYSE: FNM) gained 1.68 points on the trading session, high on the trading session $13.99 low on the trading session $9.63 for a closing stock price at $10.93; Potash Corporation Saskatchewan (NYSE: POT) shed 9.71 points on the trading session, high on the trading session $227.43, low on the trading session $205.00 for a closing stock price at $213.22; United States Steel Corporation (NYSE: X) shed 8.82 points on the trading session, high on the trading session $157.50, low on the trading session $141.80 for a closing stock price at $145.19.

Market trends on the NASDAQ today: advanced stocks 1,970; declined stocks 947; unchanged stocks 129; stocks hitting new highs 38; stocks hitting new lows 93. List of volatile stocks as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Resources Connection Incorporated (NasdaqGS: RECN) gained 3.10 points on the trading session, high on the trading session $25.05, low on the trading session $22.50 for a closing stock price at $23.30; ValueClick Incorporated (NasdaqGS: VCLK) shed 2.76 points on the trading session, high on the trading session $11.54, low on the trading session $10.20 for a closing stock price at $11.01; TeleTech Holdings Incorporated (NasdaqGS: TTEC) shed 4.63 points on the trading session, high on the trading session $14.75, low on the trading session $10.02 for a closing stock price at $13.27; Research In Motion Limited (NasdaqGS: RIMM) shed 3.02 points on the trading session, high on the trading session $114.37, low on the trading session $109.76 for a closing stock price at $107.98; SemGroup Energy Partners LP (NasdaqGS: SGLP) shed 11.80 points on the trading session, high on the trading session $22.72, low on the trading session $10.16 for a closing stock price at $11.00; First Solar Incorporated (NasdaqGS: FSLR) shed 13.35 points on the trading session, high on the trading session $293.27, low on the trading session $276.27 for a closing stock price at $275.25.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 714; declined stocks 485; unchanged stocks 82; stocks hitting new highs 10; stocks hitting new lows 40.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1,252.25, change 11.25
E-mini NASDAQ-100 (NQ) end of day price 1,842.25, change -2.50
E-mini S&P SmallCap 600 (SMP) end of day price 359.90, change 0.00
$5 DJIA (YM) end of day price 11,381, change 175

World Currencies at time of this posting:
Euro 0.6316 to U.S. Dollars 1.5833
Japanese Yen 106.64 to U.S. Dollars 0.0094
British Pound 0.5004 to U.S. Dollars 1.9984
Canadian Dollar 1.0064 to U.S. Dollars 0.9936
Swiss Franc 1.0218 to U.S. Dollars 0.9787

Commodities Markets:
Energy Sector: Light Crude (NYM) shed $5.31 on the day for a closing price of the range of $129.29 a gallon ($US per bbl.); Heating Oil (NYM) shed $0.10 on the day for a closing price of $3.78 a gallon ($US per gal.); Natural Gas (NYM) shed $0.87 on the day for a closing price of $10.61 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.12 on the day for a closing price of $3.16 a gallon ($US per gal.).

Metals Markets:
Gold Market Price (CMX) gained $8.00 on the day for a closing price of $970.70 ($US per Troy oz.); Silver (CMX) shed $0.07 on the day for a closing price of $18.74 ($US per Troy oz.); Platinum (NYM) shed $38.00 on the day for a closing price of $1,900.40 ($US per Troy oz.) and Copper (CMX) gained $0.06 on the day for a closing price of $3.72 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.85 on the day for a closing price of 72.90; Pork Bellies (CME) shed 0.78 on the day for a closing price of 65.60; Live Cattle (CME) shed 1.30 on the day for a closing price of 105.05; Feeder Cattle (CME) gained 0.43 on the day for a closing price of 111.55.

Other Commodities (cents per bu.): Corn (CBT) shed 27.25 on the day for a closing price of 650.00 and Soybeans (CBT) shed 50.00 on the day for a closing price of 1,498.00.

Bond action for the day:
2 year bond shed 8/32 on the day for a closing price of 100 19/32 with a Yield of 2.56, Yield Change +0.13; 5 year bond shed 20/32 on the day for a closing price of 100 6/32 with a Yield of 3.33, Yield Change +0.14; 10 year bond shed 25/32 on the day for a closing price of 98 23/32 with a Yield of 4.03, Yield Change +0.10; the 30 year bond shed 24/32 on the day for a closing price of 95 27/32 with a Yield of 4.63, Yield Change +0.05.

International Monetary Fund, an international organization of 185 member countries issued these comments today: World economy in `tough spot` between slowdown, inflation; IMF lifts 2008 global growth forecast to 4.1% from 3.7%; IMF global growth estimate for 2009 rises to 3.9% from 3.8%; IMF raises 2008 U.S. growth estimate to 1.3% from 0.5%; IMF raises 2008 Euro area growth forecast to 1.7% from 1.4%; IMF lifts 2008 UK growth estimate to 1.8% from 1.6%; Japan 2008 GDP forecast edges up to 1.5% from 1.4%; IMF raises 2008 China growth forecast to 9.7% from 9.3%; China should continue move toward flexible currency; rate hikes more suitable for emerging than advanced economies; inflation bigger concern for developing countries; less fear of financial `meltdown,` but markets still fragile.

Philadelphia Fed July Business Index fell 16.3 versus a drop by 17.1 in June; Philadelphia Fed July Business Index Expected fell by 15.0; Philadelphia Fed July Price Paid 75.6 versus June 69.3; Philadelphia Fed July Price Received 28.8 versus June 29.7; Philadelphia Fed July Employment fell 7.3 versus June decrease by 6.9; Philadelphia Fed July New Orders fell 12.1 versus June decrease by 12.4; Philadelphia Fed July Shipments fell 8.0 versus June decrease by 6.7; Philadelphia Fed July Delivery Times -10.7 versus June decrease by 8.0; Philadelphia Fed July Inventories fell 7.5 versus June decrease by 12.6; Philadelphia Fed July Price Paid 75.6 versus June 69.3.

U.S. Jobless Claims rose 18K to 366K for week of July 12 compared to survey of an increase by 34K; U.S. Continuing Claim for week of July 5 fell 81K to 3,122,000; U.S. Jobless Claims for week of July 5 Week are revised to 348K from 346K; U.S. June Housing Starts rose 9.1% to 1.066M compared to consensus of a drop by 1.2%; Building Permits increased by 11.6% to 1.091 Million Rate in June; May Housing Starts Revised to a decrease by 2.7% from a decrease by 3.3%.

Access scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading services. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market Predictions and Reports MTnews http://www.forexpeacearmy.com/forex-forum/market-predictions-reports/2681-housing-starts.html PoltekFX http://www.forexpeacearmy.com/forex-forum/blacklisted-folder-unresolved-cases/2680-poltekfx.html Thu, 17 Jul 2008 21:12:26 GMT We the members of the Scam Investigations Committee of the Forex Peace Army have deliberated on all the evidence available to us and have reached a conclusion. It is our opinion that...

The brokerage company known as PoltekFX had failed to return funds due to FPA member Amin EL-HAKIM as well as to other traders. Both Amin and one of our investigators sent multiple emails to PoltekFX for an extended period and could get no response. Failure to return money to traders upon request is the primary definition of "Scam" for the members of the Forex Peace Army.

Thus, we officially find that PoltekFx is a scam. We offer PoltekFX the chance to resolve this issue by returning funds legitimately due to Amin and other traders.

We extend our deepest sympathies to Amin and his fellow traders who lost money due to these actions of PoltekFx. We extend warm regards to FPA Investigations Lt. Ken for his efforts on this case.

PoltexFX is hereby blacklisted by the Forex Peace Army. We urge anyone who has an account with them to withdraw all funds immediately and recommend against opening new accounts with them.



The original complaint is here...
http://www.forexpeacearmy.com/forex-...-poltekfx.html ]]> Blacklisted Folder (Unresolved Cases) Scam Investigations Committee http://www.forexpeacearmy.com/forex-forum/blacklisted-folder-unresolved-cases/2680-poltekfx.html Need ideas on taking profits - and how much is enough? http://www.forexpeacearmy.com/forex-forum/forex-trading-systems-strategies/2678-need-ideas-taking-profits-how-much-enough.html Thu, 17 Jul 2008 07:49:49 GMT Hey guys,

I think I've finally started to reach more consistency with my trading and starting to make a profit, but I'm still struggling with a few things, namely with taking profit.

I guess sometimes it depends on what sort of trading strategies I use, and how much potential is there for profit. In general, I'm a technical trader, with 3 key strategies - being Divergence, Trend Following, and Breakout. Nothing fancy!

Discounting "hyper trading days", where you get movements of 200 pips and above, I just want to get the crowd feeling of...:

a. How many pips would you be satisfied with booking? 20? 30? 40? 50? This would give you an emotional joy feeling rated.. say... 7 out of 10.

b. Let's say you sold out early - and it continues to go up - how many pips that you missed out on, that you would feel OK - i.e. if you missed out on another 20 pips... 30 pips... before you start banging your head against the wall.

c. Do you have any good technical strategy for exiting a trade?

Cheers guys :) ]]> Forex Trading Systems and Strategies pringy http://www.forexpeacearmy.com/forex-forum/forex-trading-systems-strategies/2678-need-ideas-taking-profits-how-much-enough.html Forex Trading Signal 07/17/08 http://www.forexpeacearmy.com/forex-forum/forex-trading-signals-archive/2677-forex-trading-signal-07-17-08-a.html Thu, 17 Jul 2008 06:33:00 GMT Hi there my Forex friend :)

Hi-Quality Preview/Review:
1) 7-17-2008review.swf

2) 7-17-2008preview.swf

Long-term Outlook:
3) 7-17-2008outlook.swf

Let's review what happened on Wednesday.

At 4:30 a.m. we had UK Claimant Count Change which came out higher than expected which was bad for GBP. We saw 35 pips spike down and eventually the price went down even more.

At 8:30 a.m. we had U.S. CPI Core. My strategy was to enter an opposite trade right on the spike. We only had 25 pips spike down and it went up past pre-release. Since the spike was so little, most likely you missed long entry which is good because at least you did not lose money on the spike, and with missed entry you did not make anything so no gain and no loss is not that bad.

At 9:15 a.m. we had U.S. Industrial Production. It came out 0.5% versus 0.1%, not enough to buy on USD/JPY. No trade here.

Let's talk about Thursday.

1. Thursday, July 17th, 2008 (8:30 a.m. New York Time) UK
At 8:30 a.m. we will have U.S. Housing Starts and Building Permits. I think it is better to focus on Housing Starts. When Housing Starts deviated by over -60K, we saw only 15 pips move on USD/JPY and then it went the other way. However, when it deviated by +90K two months ago, we saw nearly 40 pips spike up and the price eventually went even higher. Today Housing Starts m/m is expected to come out at 960K. If it comes out at 1,000K or higher, I would buy USD/JPY and expect 35 pips price action. If it comes out at 920K or lower, I would sell USD/JPY and look for 30 pips price action. (I, Crazy Cat, however will not be trading negative deviation at all, only positive).

2. Thursday, July 17th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have Philadelphia Fed Index coming out. It is expected to come out at -15. If it comes out at -25K or more negative, I would look to sell USD/JPY and expect 30 pips price action. If it comes out at -5K or less negative, I would buy USD/JPY and expect 30 pips move as well.

3. Thursday, July 17th, 2008 (10:30,11:15 a.m. New York Time) CANADA
At 10:30 we will have Monetary Policy out of Bank of Canada and at 11:15 we will have a speech. We can see a good/bad reaction on the Canadian dollar. Watch out.

PLEASE ALSO WATCH Sir Pip's longer term outlook videos, links are always provided at the beginning of this post. A lot of people found them very useful. If you have any comments regarding that videos, please leave a comment. Sir Pips is working hard to improve our free tools so more and more people can benefit from them.

That's all for Thursday.

If you are interested more in trading news, go to Forex Diamonds - News Trading Education where Sir Pips or Magister Pips are trading all of mentioned indicators live. Join the room, and get a lot of education from me and other traders that are there. They post trade plans and talk about the trades as well as they give entry and exit signal live while the market moves. You can try it with no risk for 21 days so if you don't like it it is free. If you find it useful, then you can stick with us and make grow you live account with us. I am pretty sure you will be satisfied but at least give a try. Worst case scenario, you will learn something and get all your money back.

Thank you and good luck with your trades.

To Our Success!
-Sir Pipsalot & Crazy Cat



The video with the signal is recorded by Sir Pipsalot.
For your convenience, this text is written based on the video by Crazy Cat ]]> Forex Trading Signals Archive Crazy Cat http://www.forexpeacearmy.com/forex-forum/forex-trading-signals-archive/2677-forex-trading-signal-07-17-08-a.html Crude Oil Prices http://www.forexpeacearmy.com/forex-forum/market-predictions-reports/2676-crude-oil-prices.html Wed, 16 Jul 2008 22:50:26 GMT Daily Market Commentary for July 16, 2008 from Millennium-Traders.Com
Crude oil sank lower today, losing 7.3 percent for the week amidst the surge in the Stock Markets. Crude has not see such a one day dollar amount decline in 17 years. (read more)

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) triple digit gain of 276.01 points on the day to end the trading session at 11,238.55
NYSE (New York Stock Exchange) triple digit gain of 174.91 points to end the trading session at 8,332.71
NASDAQ gain of 69.14 points to end the trading session at 2,284.85
S&P 500 gain of 30.08 points to end the trading session at 1,244.99
FTSE All-World ex-U.S. gain of 2.07 points to end the trading session at 220.43
FTSE RAFI 1000 triple digit gain of 151.90 points to end the trading session at 4,801.38
BEL 20 (BEL20) gain of 41.96 points to end the trading session at 2,905.40
CAC 40 (CAC40) gain of 51.3 points to end the trading session at 4,112.45
FTSE100 (UKX100) loss of 21.3 points to end the trading session at 5,150.6
NIKKEI 225 (NIK/O) gain of 6.24 points to end the trading session at 12,760.8

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 2,385; declined stocks 849; unchanged stocks 69; stocks hitting new highs 17; stocks hitting new lows 310. List of volatile stocks as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: CONSOL Energy Incorporated (NYSE: CNX) shed 5.26 points on the trading session, high on the trading session $100.79, low on the trading session $89.24 for a closing stock price at $90.7 6; Chicago Bridge & Iron Company (NYSE: CBI) shed 5.74 points on the trading session, high on the trading session $31.04, low on the trading session $27.50 for a closing stock price at $30.65; Wells Fargo & Company (NYSE: WFC) gained 6.72 points on the trading session, high on the trading session $27.32, low on the trading session $23.20 for a closing stock price at $27.23; United States Steel Corporation (NYSE: X) shed 1.04 points on the trading session, high on the trading session $157.30, low on the trading session $146.41 for a closing stock price at $154.01; Cleveland-Cliffs Incorporated (NYSE: CLF) shed 7.44 points on the trading session, high on the trading session $106.89, low on the trading session $97.36 for a closing stock price at $104.02; Occidental Petroleum Corporation (NYSE: OXY) shed 3.20 points on the trading session, high on the trading session $80.13, low on the trading session $75.25 for a closing stock price at $77.00; Alpha Natural Resources Incorporated (NYSE: ANR) gained 10.01 points on the trading session, high on the trading session $119.30, low on the trading session $102.89 for a closing stock price at $104.93; Entergy Corporation (NYSE: ETR) shed 2.67 points on the trading session, high on the trading session $118.94, low on the trading session $114.94 for a closing stock price at $115.61; CME Group Incorporated (NYSE: CME) gained 8.93 points on the trading session, high on the trading session $331.02, low on the trading session $300.86 for a closing stock price at $317.48; CF Industries Holdings Incorporated (NYSE: CF) shed 0.23 points on the trading session, high on the trading session $159.98, low on the trading session $151.00 for a closing stock price at $158.81; Walter Industries Incorporated (NYSE: WLT) gained 8.37 points on the trading session, high on the trading session $103.90, low on the trading session $92.33 for a closing stock price at $100.83; Devon Energy Corporation (NYSE: DVN) shed 4.81 points on the trading session, high on the trading session $106.94, low on the trading session $99.96 for a closing stock price at $101.38; Rio Tinto plc (NYSE: RTP) shed 8.45 points on the trading session, high on the trading session $407.62, low on the trading session $397.14 for a closing stock price at $407.25; Ultrashort Financial (NYSE: SKF) shed 45.58 points on the trading session, high on the trading session $198.38, low on the trading session $157.09 for a closing stock price at $158.33; Fannie Mae (NYSE: FNM) gained 2.18 points on the trading session, high on the trading session $9.68 low on the trading session $7.50 for a closing stock price at $9.25; Potash Corporation Saskatchewan (NYSE: POT) shed 1.71 points on the trading session, high on the trading session $224.81, low on the trading session $215.91 for a closing stock price at $222.93; MasterCard Incorporated (NYSE: MA) gained 20.83 points on the trading session, high on the trading session $271.20, low on the trading session $250.82 for a closing stock price at $271.20.

Market trends on the NASDAQ today: advanced stocks 2,252; declined stocks 723; unchanged stocks 105; stocks hitting new highs 33; stocks hitting new lows 226.
List of volatile stocks as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Orion Energy Systems Incorporated (NasdaqGS: OESX) shed 3.35 points on the trading session, high on the trading session $6.00, low on the trading session $4.48 for a closing stock price at $5.24; Navigators Group Incorporated (NasdaqGS: NAVG) shed 3.25 points on the trading session, high on the trading session $48.27, low on the trading session $43.46 for a closing stock price at $45.36; First Solar Incorporated (NasdaqGS: FSLR) gained 13.47 points on the trading session, high on the trading session $291.04, low on the trading session $282.00 for a closing stock price at $290.47.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 713; declined stocks 513; unchanged stocks 83; stocks hitting new highs 16; stocks hitting new lows 98.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1,244.25, change 32.25
E-mini NASDAQ-100 (NQ) end of day price 1,846.25, change 47.25
E-mini S&P SmallCap 600 (SMP) end of day price 359.30, change 12.60
$5 DJIA (YM) end of day price 11,213, change 295

World Currencies at time of this posting:
Euro 0.6324 to U.S. Dollars 1.5813
Japanese Yen 105.16 to U.S. Dollars 0.0095
British Pound 0.5003 to U.S. Dollars 1.9988
Canadian Dollar 1.021 to U.S. Dollars 0.9979
Swiss Franc 1.0179 to U.S. Dollars 0.9824

Commodities Markets:
Energy Sector: Light Crude (NYM) shed $4.598 on the day for a closing price of the range of $134.15 a gallon ($US per bbl.); Heating Oil (NYM) shed $0.08 on the day for a closing price of $3.87 a gallon ($US per gal.); Natural Gas (NYM) shed $0.08 on the day for a closing price of $11.49 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.11 on the day for a closing price of $3.27 a gallon ($US per gal.).

Metals Markets:
Gold Market Price (CMX) shed $16.00 on the day for a closing price of $962.70 ($US per Troy oz.); Silver (CMX) shed $0.21 on the day for a closing price of $18.81 ($US per Troy oz.); Platinum (NYM) shed $43.50 on the day for a closing price of $1,938.40 ($US per Troy oz.) and Copper (CMX) shed $0.05 on the day for a closing price of $3.65 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.55 on the day for a closing price of 73.75; Pork Bellies (CME) gained 0.65 on the day for a closing price of 66.38; Live Cattle (CME) shed 0.53 on the day for a closing price of 106.35; Feeder Cattle (CME) shed 0.33 on the day for a closing price of 111.13.

Other Commodities (cents per bu.): Corn (CBT) gained 10.50 on the day for a closing price of 677.25 and Soybeans (CBT) gained 32.00 on the day for a closing price of 1,548.00.

Bond action for the day: 2 year bond shed 4/32 on the day for a closing price of 100 26/32 with a Yield of 2.44, Yield Change+0.08; 5 year bond shed 19/32 on the day for a closing price of 100 22/32 with a Yield of 3.21, Yield Change +0.12; 10 year bond shed 1 4/32 on the day for a closing price of 99 9/32 with a Yield of 3.96, Yield Change +0.14; the 30 year bond shed 2 7/32 on the day for a closing price of 96 11/32 with a Yield of 4.60, Yield Change +0.14.

Department Of Energy released crude oil inventories today: U.S. Gasoline Stockpiles increased by 2.4 Million Barrels to 214.2 Million Barrels; U.S. Distillate Stockpiles increased by 3.2 Million Barrels to 125.7 Million Barrels; U.S. Refineries ran at 89.5% versus 89.2% week ago; U.S. Gasoline Stockpiles increased by 2.4 Million Barrels in the week compared to expectations of a drop by 200,000 Million Barrels; U.S. Distillate Stockpiles increased by 3.2 Million Barrels in the week compared to expectations of an increase by 1.5 Million Barrels; U.S. Refineries ran at 89.5% capacity seen unchanged at 89.2%.

U.S. June Industrial Production rose 0.5% compared to consensus of an increase by 0.2%; U.S. June Capacity Utilization rose 0.3 percent at 79.9% compared to consensus of 79.4%; U.S. May Capacity Use revised to 79.6% from 79.4%; U.S. May Industrial Production unrevised at a drop by 0.2%.

U.S. June Consumer Prices rose 1.1% compared to consensus of an increase by 0.7%; U.S. June CPI Ex-Food & Energy rose 0.3% compared to consensus of an increase by 0.2%; U.S. June CPI Unrounded rose 1.056%; U.S. June CPI Core rose 0.323%; U.S. June CPI Energy Prices rose 6.6%; U.S. June CPI Food Prices rose 0.7%; U.S. Real Average Weekly Earnings fell 0.9% in June; U.S. CPI rise largest since June 1982; U.S. CPI rose 5% on the year resulting in the largest increase since May 1991.

Federal Open Market Committee Minutes: sees `modest` 1h growth, `slight slowdown` in second half 2008; growth risks diminishing, inflation risks rising; still sees `significant downside risks` to growth; sees next policy change likely to be rate hike; minutes signal no change in rates in near term.

Access scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading services. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market Predictions and Reports MTnews http://www.forexpeacearmy.com/forex-forum/market-predictions-reports/2676-crude-oil-prices.html coaching scams? http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/2675-coaching-scams.html Wed, 16 Jul 2008 21:11:58 GMT I'm looking for peoples thoughts concerning forex coaching. Since purchasing the forex-killer software about a week ago, 2 people have called me trying to get me to use "OPM" or other peoples money, to invest in a personal coaching program. Basically they try to make you seem inferior and pretty much tell you that you will never be successfull trading forex unless you join their program. According to these people, there is nothing that can be gained by reading ebooks, practiceing tradeing on demo accounts or gleaning info in general from forums such as these. They won't tell you how much their program cost, only that it varies depending on the individuals needs. This alone sends up a red flag for me in addition to the suggestion that I put up "other peoples money".
Are ther any legitimate coaching programs out there and if there are, who are they and how would I go about verifying their credentials?
First call I got was from a representative of 4xkit.com and the second was a business associate of forex-killer.
For the record, I'm quite happy with forex-killer. I've been using it to trade on a demo account since July 9 and so far I'm up almost $3,000.00
Your input would be greatly appreciated. Thanks.
Brian ]]> Scam Alerts Folder Brian Burgess http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/2675-coaching-scams.html <![CDATA[SCAM!! J&K Futures]]> http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/2670-scam-j-k-futures.html Wed, 16 Jul 2008 11:23:36 GMT My name is Shn , who has live account at J&k Futures which is a forex broker located in


LA - 3435 Wilshire Blvd. Suite 1103 Los Angeles, CA 90010
NY - 44 Wall Street 13th Fl. New York, NY 10005

(----Index----)


I am sure that I have lost $43,085 caused by J&K's improper and scam business manner.

I would like to explain briefly about this dispute.




1. As a typical scalper, I traded USDJPY during from 05:28 to 13:16 EST on June 4, 2008 and took $43,085 profit.
During my trading, the market was normal condition.


2. However, the forex broker J&K deleted and removed all of my trading history and got rid of my profit $43,286 without any mutual agreement, insisted on that there was spike on their trading platform during from 02:05 to 04:55 EST on same day(June 4, 2008)


3. J&K confirmed many times that abnormal time span is "02:05- 04:55 EST 4th June"


4. I traded 05:28-13:16 and it was outside of abnormal conditin time(as they called)


5. As I didn't trade during that time, I showed them my trading report which I saved in my computer as an evidence, they suddenly changed the time from 02:05-04:55 to 02:05-05:55 in order to my trading time be involved

and refuse to restore my profit until now.

I cannot understand such mean manner.


6. Even though I accept their time span(02:05 ~ 05:55)(but never agree), just 27 minitues of 8 hours(my trading time) involved in that time span, it is unfair and unreasonable getting rid of my all profit.

At lease they should pay my fair trading profit from 05:55 to 13:16 EST.



Therefore, I think this is a definite behaviour of scam and want to file a claim on your Dispute Resolution.

I searched J&K Futures(NFA ID 0320630) on your Website, unfortunately, however, I found following ;

- NFA Member withdrawn(10/27/2006)

- Current Status (Muhan Investment LLC)

. Principal Approved (03/07/2008)

. NFA Associate member pending (02/28/2008)


As you can see, the J&K is not a NFA member now and about to close their business if the new company Muhan Investment LLC begins their business.


They said J&K have partnership with Muhan, and I guess J&K would change their company name and the CEO.

Therefore they will continue their business with different company name and concerned director board. ]]> Scam Alerts Folder ocean7733 http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/2670-scam-j-k-futures.html Forex Trading Signal 07/16/08 http://www.forexpeacearmy.com/forex-forum/forex-trading-signals-archive/2668-forex-trading-signal-07-16-08-a.html Wed, 16 Jul 2008 06:15:45 GMT Hi there my Forex friend :)

Hi-Quality Preview/Review:
1) 7-16-2008-1.swf

2) 7-16-2008cont[1].swf

Long-term Outlook:
3) 7-16-2008outlook[1].swf

Let's first review what happened on Tuesday.

At 4:30 a.m. we had UK CPI and we were going to trade against it. This strategy worked perfectly well. We had nearly 50 pips spike up and then we had price reversal. We made a good money on the Diamonds room.

German ZEW came out much lower than expected and it behaved similarly to the UK report. Price spiked down by over 30 pips and the price reversed.

At 8:30 a.m. we had a few U.S. reports. U.S. Retail Sales came out too close to expectations so it was a no trade.

Canada did not change rates so it was a no trade.

We had a very interesting price action during Bernanke speech. Please watch the video for more details.

Let's talk about Wednesday.

1. Wednesday, July 16th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have U.K. Claimant Count Change which is expected to come out at 10. I would trade it with 5 deviation. If it comes out at 15 or higher, this would be bad for GBP so I would sell GBP/USD and expect 30 pips price action. If it comes out at 5 or lower, it would be good for GBP and I would buy GBP/USD and look for 30 pips as well. We will also have Average Earnings Index and if this comes higher it is good for GBP and if it comes out lower it is bad for GBP. 0.3 deviation would be significant but over time the focus has been shifted from Average Earning Index to Claimant Count Change although avoid conflicts here.

2. Wednesday, July 16th, 2008 (5:00 a.m. New York Time) UK
At 5:00 a.m. we will have CPI out of Euro zone. This one is not tradable (because this is a final revision).

3. Wednesday, July 16th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we will have U.S. CPI. LIke with the U.K CPI, we might see a nice spike up but we may also see a nice retracement so you may want to sell a potential top (or buy a potential low). Inflation itself is bad for the U.S. dollar although hiking interest rates would be good for the U.S. dollar. That's why CPI is tricky to trade. Because of that, there are no official triggers although if Core CPI m/m comes out at 0.3 or higher, you may try to cash fast profit on sell EUR/USD or GBP/USD but get out quickly after 35 to 50 pips move and reverse your transaction. If it comes out at 0.1 or lower, you might want to buy GBP/USD or EUR/USD and reverse as soon as the price moved 35 to 50 pips. My main focus will be on entering the opposite direction, not spike entry. If there are conflicts, it should help to turn it around. Please watch the video for more details.

4. Wednesday, July 16th, 2008 (9:00 a.m. New York Time) USA
At 9:00 a.m. we will have U.S. TIC coming out. This might be tradable but I would like to see this report performing better before trading it on my own account. I will not be trading it.

5. Wednesday, July 16th, 2008 (9:15 a.m. New York Time) USA
At 9:15 a.m. we will have U.S. Industrial Production. It is expected to come out at 0.1%. If it comes out at 0.6% or higher we might see 15 pips price action so you may want to buy USD/JPY for a quick scalp if spread was very small. If it comes out at -0.4% or lower, you may want to sell USD/JPY and expect 15 pips move as well. Because profit target is so small, this will not work if your broker raises spread so officially it is a no trade.

If you made a good money based on my yesterday signal, please let me know and leave feedback. On the Diamonds room we took 7 trades on Bernanke speech, making 6% of profit. It was a good day.

PLEASE ALSO WATCH Sir Pip's longer term outlook videos, links are always provided at the beginning of this post. A lot of people found them very useful. If you have any comments regarding that videos, please leave a comment. Sir Pips is working hard to improve our free tools so more and more people can benefit from them.

That's all for Wednesday.

If you are interested more in trading news, go to Forex Diamonds - News Trading Education where Sir Pips or Magister Pips are trading all of mentioned indicators live. Join the room, and get a lot of education from me and other traders that are there. They post trade plans and talk about the trades as well as they give entry and exit signal live while the market moves. You can try it with no risk for 21 days so if you don't like it it is free. If you find it useful, then you can stick with us and make grow you live account with us. I am pretty sure you will be satisfied but at least give a try. Worst case scenario, you will learn something and get all your money back.

Thank you and good luck with your trades.

To Our Success!
-Sir Pipsalot & Crazy Cat



The video with the signal is recorded by Sir Pipsalot.
For your convenience, this text is written based on the video by Crazy Cat ]]> Forex Trading Signals Archive Crazy Cat http://www.forexpeacearmy.com/forex-forum/forex-trading-signals-archive/2668-forex-trading-signal-07-16-08-a.html Make Money in Forex with Felix http://www.forexpeacearmy.com/forex-forum/forex-investment-opportunities/2667-make-money-forex-felix.html Wed, 16 Jul 2008 05:54:53 GMT Hi there :) This is Felix writing. The purpose of this article is to tell you how you can make more money in forex. As you may already know, I am the guy that founded ForexPeaceArmy.com website, and I am the guy that started giving free forex trading signals via this website. I also had a paid service, called ForexDiamonds.com, where people could follow my trades live for a monthly subscription. Back in 2007, I decided to switch from active forex trading to more passive forex investing, so I chose a very competent trader among one of our subscribers, whose nickname was Sir Pipsalot. He took over the free signals from me, and he took over the ForexDiamonds.com service. What I do now is I invest my own money based on some longer term fundamental strategies, and I share my strategies and my specific fundamental trades with my partner Rob Grespi, who is the head trader of Spartan Forex Fund (spartanforexfund.com). If you want Rob Grespi to manage your money, you need to deposit 10 million Swiss Franks into Credit Suisse Bank, which is approximately equal to 10 million US dollars. Investors can expect a return of approximately 50% per year, which some forex traders may consider as little, but you have to remember that the maximum leverage used is 2:1, so it’s very safe trading. Rob Grespi and his brother Frank have been managing private money since beginning of 2007, and have had excellent results without any negative quarters. Currently, there is several hundred million under management. Official performance can be provided to qualified investors by the bank. This is all great, and you may be excited if you have 10 million to invest, but what if you are a smaller trader? How can you benefit? Let me explain… 1.First of all, if you do nothing else, I strongly recommend you go to www.SpartanForexFund.com (http://www.SpartanForexFund.com), and read on the homepage the longer term trading strategy, which I am in charge of. The idea behind it is very simple, and if you have been following our free daily trading signals, and if you are familiar with the fundamentals, perhaps you can apply that basic investment strategy to your own account… 2.You may also notice on the website that we have a referral program that pays $500,000 per referral. So if you hang out around the right people and you can refer to us even one $10 million dollar account, you could make $500K. Best thing about this, is that the money of the investor is sitting in his own account in major Swiss Bank, and unlike Hedge Funds that can run away with the money, we can do nothing with it except invest into currencies with low leverage. Plus we already have official bank performance for over a year, so the investor doesn’t have to risk a penny, until he carefully analyzes it. 3.Last, but not least… In case you are not interested to invest into Spartan Forex Fund, and you are not interested in referring somebody, you can still take advantage of what Rob Grespi does with the fund on your own forex trading account. Let me explain… A few months ago, we started a service by the name of wpips.com. The idea of the service is very simple. Every time Rob Grespi takes a trade on his own trading account, he sends that trade to the wpips.com subscribers with exact entry, take profit and stop/loss. If the trade is profitable, the subscribers get charged, and if the trade is not profitable, the subscribers get a credit. This way, you only pay if the trades are profitable. For the last several months, we have tested many different methods of delivering the actual signals, and what a nightmare that was. Initially we thought that it would be best to deliver the signals via satellite pagers, so we issued those to all of our subscribers, but they proved to be very unreliable and very expensive. After burning tens of thousands of dollars on this setup and going through nightmares on tech support, we had to get rid of it this month. The option that worked best is the good old phone. Every time the signal is issued, you can have the option to receive a phone call to any phone number you wish. You get a phone call within 5 to 10 seconds from the time the trade was issued, then you can retrieve your trade either via phone or internet. Notifications are also sent via email and live in our online conference room. Here is the best part of this thing… Rob Grespi only trades from 2 am to 6 am New York Time. This means that all trades are given during this time period, including take profit levels and stop/losses. Nothing happens outside of this time period… And even during this time period, if you don’t feel like taking trades, then don’t. You only get charged, when you physically retrieve a trade from our system. So if you get a phone call or email with trade notification, then you would have to access our either online or phone system with your unique pin code, and only when you enter your pin code, you get “tagged” for the trade. Rob Grespi gives approximately 20 to 25 trades per month, and we require that you open at least 4 of them per month, in order to keep your account active. So anyway…enough blah blah, let me get to the point here. Basically, you can go ahead and join wpips.com anytime. The cost to join is $5,000, and we will either charge you or credit you $10 per pip for trades. So if Rob makes 100 pips, you get debited $1,000. If Rob loses 100 pips, you get credited $1,000. However, I would like to make a special offer to you. If you join before Thursday, July 17th, 11:00 pm New York Time, you can join on a deposit of only $800, and a charge per pip of only $5. Here is the deal. This offer is completely risk free. The $800 that you deposit is like the money in your checking account. They are yours, and they are fully refundable at any time. The only time your account will be debited is if you retrieve a trade, and if the trade is successful. And again, you are fully in charge of when you retrieve this trade. We have an online conference room, which is open from 2 am to 6 am New York Time, Monday through Friday. Rob Grespi is live in that room. If you don’t know whether this service is for you or not, I suggest you sign up, deposit the $800, poke around for a week or two, come to the online room, talk to some people there, ask them about their results. If it feels right, then start retrieving trades. If it doesn’t feel right, then close your account, and get your $800 back. To take advantage of this offer, please go to this link: http://www.wpips.com/50_percent_discount_special_offer/ If you have any questions about this service, just click on the link above, and go to the Homepage to read more about it. You will also be able to listen to testimonials there as well. To Our Success! -Felix Homogratus Hi there :)


This is Felix writing. The purpose of this article is to tell you how you can make more money in forex.

As you may already know, I am the guy that founded ForexPeaceArmy.com website, and I am the guy that started giving free forex trading signals via this website. I also had a paid service, called ForexDiamonds.com, where people could follow my trades live for a monthly subscription.

Back in 2007, I decided to switch from active forex trading to more passive forex investing, so I chose a very competent trader among one of our subscribers, whose nickname was Sir Pipsalot. He took over the free signals from me, and he took over the ForexDiamonds.com service.
What I do now is I invest my own money based on some longer term fundamental strategies, and I share my strategies and my specific fundamental trades with my partner Rob Grespi, who is the head trader of Spartan Forex Fund (spartanforexfund.com).

If you want Rob Grespi to manage your money, you need to deposit 10 million Swiss Franks into Credit Suisse Bank, which is approximately equal to 10 million US dollars. Investors can expect a return of approximately 50% per year, which some forex traders may consider as little, but you have to remember that the maximum leverage used is 2:1, so it’s very safe trading.

Rob Grespi and his brother Frank have been managing private money since beginning of 2007, and have had excellent results without any negative quarters. Currently, there is several hundred million under management. Official performance can be provided to qualified investors by the bank.

This is all great, and you may be excited if you have 10 million to invest, but what if you are a smaller trader? How can you benefit? Let me explain…

1.First of all, if you do nothing else, I strongly recommend you go to www.SpartanForexFund.com, and read on the homepage the longer term trading strategy, which I am in charge of. The idea behind it is very simple, and if you have been following our free daily trading signals, and if you are familiar with the fundamentals, perhaps you can apply that basic investment strategy to your own account…

2.You may also notice on the website that we have a referral program that pays $500,000 per referral. So if you hang out around the right people and you can refer to us even one $10 million dollar account, you could make $500K. Best thing about this, is that the money of the investor is sitting in his own account in major Swiss Bank, and unlike Hedge Funds that can run away with the money, we can do nothing with it except invest into currencies with low leverage. Plus we already have official bank performance for over a year, so the investor doesn’t have to risk a penny, until he carefully analyzes it.

3.Last, but not least… In case you are not interested to invest into Spartan Forex Fund, and you are not interested in referring somebody, you can still take advantage of what Rob Grespi does with the fund on your own forex trading account. Let me explain…

A few months ago, we started a service by the name of wpips.com. The idea of the service is very simple. Every time Rob Grespi takes a trade on his own trading account, he sends that trade to the wpips.com subscribers with exact entry, take profit and stop/loss. If the trade is profitable, the subscribers get charged, and if the trade is not profitable, the subscribers get a credit. This way, you only pay if the trades are profitable.

For the last several months, we have tested many different methods of delivering the actual signals, and what a nightmare that was. Initially we thought that it would be best to deliver the signals via satellite pagers, so we issued those to all of our subscribers, but they proved to be very unreliable and very expensive. After burning tens of thousands of dollars on this setup and going through nightmares on tech support, we had to get rid of it this month.

The option that worked best is the good old phone. Every time the signal is issued, you can have the option to receive a phone call to any phone number you wish. You get a phone call within 5 to 10 seconds from the time the trade was issued, then you can retrieve your trade either via phone or internet. Notifications are also sent via email and live in our online conference room.

Here is the best part of this thing… Rob Grespi only trades from 2 am to 6 am New York Time. This means that all trades are given during this time period, including take profit levels and stop/losses. Nothing happens outside of this time period…

And even during this time period, if you don’t feel like taking trades, then don’t. You only get charged, when you physically retrieve a trade from our system. So if you get a phone call or email with trade notification, then you would have to access our either online or phone system with your unique pin code, and only when you enter your pin code, you get “tagged” for the trade. Rob Grespi gives approximately 20 to 25 trades per month, and we require that you open at least 4 of them per month, in order to keep your account active.

So anyway…enough blah blah, let me get to the point here. Basically, you can go ahead and join wpips.com anytime. The cost to join is $5,000, and we will either charge you or credit you $10 per pip for trades. So if Rob makes 100 pips, you get debited $1,000. If Rob loses 100 pips, you get credited $1,000.

However, I would like to make a special offer to you. If you join before Thursday, July 17th, 11:00 pm New York Time, you can join on a deposit of only $800, and a charge per pip of only $5.

Here is the deal. This offer is completely risk free. The $800 that you deposit is like the money in your checking account. They are yours, and they are fully refundable at any time. The only time your account will be debited is if you retrieve a trade, and if the trade is successful. And again, you are fully in charge of when you retrieve this trade.

We have an online conference room, which is open from 2 am to 6 am New York Time, Monday through Friday. Rob Grespi is live in that room. If you don’t know whether this service is for you or not, I suggest you sign up, deposit the $800, poke around for a week or two, come to the online room, talk to some people there, ask them about their results. If it feels right, then start retrieving trades. If it doesn’t feel right, then close your account, and get your $800 back.

To take advantage of this offer, please go to this link: http://www.wpips.com/50_percent_discount_special_offer/


If you have any questions about this service, just click on the link above, and go to the Homepage to read more about it. You will also be able to listen to testimonials there as well.

To Our Success!
-Felix Homogratus ]]> Forex Investment Opportunities Felix Homogratus http://www.forexpeacearmy.com/forex-forum/forex-investment-opportunities/2667-make-money-forex-felix.html SNW http://www.forexpeacearmy.com/forex-forum/traders-glossary/2666-snw.html Tue, 15 Jul 2008 20:44:05 GMT Short for Secret News Weapon. This is one of Felix's premium services.

This software package has an incredibly fast connection to news releases as they come out and can be configured to automatically place trades on one or more broker platforms based on the results of the news release.

Many people ask which is the best broker for using the Weapon. If possible, use an ECN broker that doesn't widen spreads too much. Otherwise, it's best to work with a small group of people and experiment. If hundreds of people place successful Secret News Weapon trades at the same time against the same non-ECN broker, that broker will find ways to keep people from making a profit with the Weapon.

Some brokers will cancel trades placed using the Weapon. Others widen spreads so much that it is almost impossible to make any profit except on huge spikes. Others will block trading for a few minutes around newstime.


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]]> AsstModerator http://www.forexpeacearmy.com/forex-forum/traders-glossary/2666-snw.html Pharaoh what are you saying about that... http://www.forexpeacearmy.com/forex-forum/general-forex-talk/2665-pharaoh-what-you-saying-about.html Tue, 15 Jul 2008 11:36:25 GMT Yesterday and today i run a demo test with the stop hunting strategy Lookat the pic please I made 12 orders lost only in 3 and made nice profit. Yesterday and today i run a demo test with the stop hunting strategy
Lookat the pic please
I made 12 orders lost only in 3 and made nice profit.
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]]> General Forex Talk Alon http://www.forexpeacearmy.com/forex-forum/general-forex-talk/2665-pharaoh-what-you-saying-about.html Forex Trading Signal 07/15/08 http://www.forexpeacearmy.com/forex-forum/forex-trading-signals-archive/2663-forex-trading-signal-07-15-08-a.html Tue, 15 Jul 2008 06:32:31 GMT