x
Your trading volume can improve lives!

10% of the total profit earned by RebateFX is now donated every month to Charity!


February 29th Asia Breakout

  • Author: admin
  • Date: February - 28 - 2008

GBP/JPY

Buy @209.99 SL209.64 TP210.74

Sell @208.99 SL209.34 TP208.24

Set 25 pip trailing stop and have a good session.

February 29th Asia Breakout

4 Responses to February 29th Asia Breakout

  1. James says:

    To whom it may concern,

    Good Morning.

    Thank you for the service that you are offering. I just found the RebateFX Free Forex Signals Blog and have been reading through all the information that you provide.

    I did a little back testing on your results and while they indeed look impressive I have a couple of questions that I hope you can help me with please.

    I see that your Signals are posted at 10PM GMT and again between 6AM and 6H45AM GMT Mon-Fri which suits me perfectly but wanted to check as to what time you post the results for the day and what time I should close any pending orders that I have in the markets as I didn’t find any time that this is to be done?

    I also saw that you use a Trailing stop for a lot of your trades and that your results count based on if the Trailing Stop was hit or not. Must I always use a Trailing Stop with the trades that I put in with you? What if I don’t, will I get worse results if I just stick to the Stop Loss and Take Profit as you set them out?

    Apologies for all the stupid questions but after trying just about every other signal provider (and being charged for it) out there, I am at the point were my account is nearly wiped out and I am looking for a reputable service that I can trust and will hopefully turn what little I have left into profits for a change.

    Thank you in advance for your time and I hope you can help me.

    Look forward to hearing from you.

    Regards.

    James Harrison.

  2. Jafar says:

    Hi James

    To answer your questions….
    I close all pending orders and post results when they have run their course, hopefully before the US session end. Sometimes the trades will all trigger in one direction and the market will run away from the pending ones that are left. Those times I close up early. :)

    As for trailing stops, it’s not compulsory. This blog is not just a free signals service, its like a journal of my own trades in a way. I use the trailing stop because I’m usually very busy myself and don’t have the time to scan the charts all day.

    I hope my signals can help you get some profit and thanks for stopping by.

  3. James says:

    To whom it may concern, (sorry I don’t know your name)

    Thank you for your fast response and the great service that you are offering. I just wanted to check with you if it was better to enter trades with your ST or with the Trailing Stop. Maybe other members can help in answering this?

    Today I entered my trades as you described them with the Trailing Stop but got different results to yours so I think I will try them with just the ST and see what results I get then.

  4. Jafar says:

    You got a different result? Hopefully a good one :)
    Normally, I leave the trailing stop up to you which can give a different result, but for reference, I used 25 pips for usd/jpy, 30 for eur/jpy and 45 for gbp/jpy.

Leave a Reply

Economic News
Teen