Do You Still Lose?
Such a Great Day: +400 Pips in One Day
Note: This report was published on April 27 2009 for the Live Market Analysis Program members.
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Hello 
Forex trading is all the matter of taking risk. We analyze the market, find the trade setups, take the positions, set the stop loss and target and that’s it. We don’t know what will happen then. We don’t have any control on the market. The market moves on its own way and doesn’t care about anybody. The only things that we have a full control on them, any time that we take a position, are the amount of the money we trade, the stop loss and the take profit. So, in addition to the system that we have to become expert in it, we should learn the things that we are able to control and these things are usually discussed under the money management topic.
Tip of the Day:
Do not set monetary goals.
Wait for the opportunities and you will see them if you are patient.
Forex trading is not like many other businesses that the amount of the money that you can make could be related to you and your efforts. Of course if you spend more time and check more currency pairs, you will find more opportunities, but when there is no trade, it means there is no trade! You have to wait for the market to show you and give you an opportunity. You can not force the market. Therefore, setting a monetary goal is impossible in forex trading, because you never know how many trade setups you will find and how many of them will make money for you.
You just need to have a good and reliable system that you are confident enough about it. Then you need to wait for the trade setups and take your positions. This is all we can do.
Setting monetary goals in forex trading causes you to have some emotions that are hard to control and they cause you to lose money. When you have a monetary goal, your mind forces you to take more risk and take the positions that are not good.
We should always do something that reduces our emotions. We should avoid doing anything that adds more emotions. The “default emotions” we have, are already hard to control. Let’s not to feed them and make them bigger 
Ok! Lets analyze the market.
|
Pair |
Position | Entry Time | Entry Price | Stop Loss | Take Profit | Result |
| AUD-NZD | SHORT | 2009.04.26 ; 04:14 PM ; EST | 1.2631 | 1.2731 | 1.2531 | +100 pips 2009.04.27 ; 04:01 PM ; EST |
| GBP-USD | SHORT | 2009.04.26 ; 04:30 PM ; EST | 1.4667 | 1.4817 | 1.4517 | +150 pips 2009.04.27 ; 06:02 AM ; EST |
| AUD-JPY | SHORT | 2009.04.27 ; 08:18 PM ; EST | 68.60 | 70.10 | 67.10 | +150 pips 2009.04.28 ; 02:42 AM ; EST |
|
Total: |
+400 pips | |||||
Further Reading:
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leaving our website, please take a look at the other articles we have published.
sir please give me test one or two day try before subscribe …
Brother Zam,,!
I am one of the clients and subscribers of this website. I have been following him for almost six months when he (Forexoma) did market analyses and forex signals for free. If I can tell you: Please do not worry to subscribe to this wonderful service whereby you could not find such a wonderful market analysis (education) and a very accurate prediction of buy/sell signals. None of them lost so far. All were profitable. However, if you just want to have daily signals everyday, this website is not relevant at all to you. Subscribing to those providing EAs service is the other option then if you could trust them.
Hope it will be useful for your curiousity. if not, I am sorry for my mistake.
Thanks and Cheers
Pria
Thanks Pria
Hi, I am a little confused by the reports. The title of this report says “Such a great day: 450 pips in One day”. The date right below it says May 6th 2009. Then there is a note saying the report is from April 27th 2009. After, are the AUD/NZD for +100 (4/27/2009), GBP/USD for +150 (4/27/2009), and AUD/JPY at +150 (4/28/2009). Following all of this is market analysis.
My confusion is, Is this a current report, with analysis current as of May 6th, or is this just a refresh of an old report from April 27th. There are three sources of reports, 1. the reports given when logging into the Forexoma Buy Sell Signals, 2. there are emails sent with actual Buy Sell signals (telling what price to enter, take profit, and stop loss), and 3. then there are these types of emails above, with what appears to be current analysis, but have old date references.
Please clarify.
Thank you very much
Vincent
Hi, I just wanted to point out that 100 + 150 + 150 = 400 and not 450. Anyway congrats on your great results.
Furthermore I would like to ask when exactly do you enter the trades after the breakout of the trend line? Do you wait till the candle closes below the line and then make an order above the high \ below the low \ of the candle that broke the line? Thank you for your answer.
Will you also show the DC analysis on the free to the public area? I would like to seem some of it as I am seriously considering to subscribe.
Looking forward to your next report.
M
Hi M, Thanks!
Yes, 50 pips was just a tip that Forexoma gave us after those three trades and we added it to the total result
Regarding your question, it depends on many other things. Sometimes it even breaks the line but we don’t enter.
We will not publish the reports on the site anymore. Sorry
Thanks again.
Best regards,
Forexoma
Hi,
what are the other things that you consider?
Which reports are not going to be published? What does it mean that the reports will not be published? Will the paid service continue?
Thanks for your answers.
M
Hi Forexoma,
absolutely right to not publish the delayed reports on the website specially the weekly report because your weekly & daily charts shows the trend of the pairs for a longer period like aud/usd & GBP/USD when you said we will have a new high and they jumped more than 700pips in few days & i am as a member of sireforex depending on your analysis & charts I create my own signals 260pips ( Gpb/chf we were waiting to break the support line and once you said buy if fail and i enter long 2 times and i put stop loss below your support and it was a piece of cake ), plus 190 pips from euro/yen, beside i used your system with gold 220 pips ,172 pips from DJ + 660pips from your signals and i have 2 opened order so far 80pips in profit i lost only two trades (audchf -70pips & -60 pips from aud/jpy) which is a great result in 3 weeks.
in short you create a new forex equation which must go for those who appreciate your system only.
by the way thanks for your help regarding my own short positions for GBPAUD & EURO/AUD i collect my profit as you advise and GBPAUD JUMP UP 200PIPS IN FEW MINUETS thanks again.
best regards,
kamal
Hi Kamal,
Thanks for your attentions. We are happy that you are doing good and we are helping.
Yes, we thought that it is not fair that some friends - like you - pay for the analysis and signals and some others just use them for free. It is not fair at all.
We also realized that we don’t have to try to convince people that our program is good and we are doing good. It is very easy to find out. The only thing we have to do is just focusing on the quality of our program and make it better and better everyday.
Best regards,
Forexoma
For those on the sidelines thinking about signing up perhaps you should consider this.
If there was a page on this website which explained the strategy used in great detail would you try it for yourself?
If so, would you risk more than $100 trying it out?
If you would then it makes sense to subscribe for one month. If you do not make any of the trades your risk is limited to $100. You can just monitor the performance over that month.
If you decide to make the trades, start small to limit the downside. I am in the UK and spread bet forex. I started with very low stakes (50p and £1.00 per pip) and have taken all trades, though I ended some early. I have earned enough to pay the next 4 months subscription. Over the next few months my stake will rise.
This thought process came from reading the article which talks about Forex as a business. Investment is important in any business and that is how I see my subscription to Forexoma.
Michael
By the way guys are you going to have a discussion board for subscribers?
Michael
We love to do that but the problem is, it is not easy to manage a discussion board. It is a full time job, at least for one moderator. We can hire someone to do it for us but he/she has to be knowledgeable enough about forex and many other things, including our program. I have no time for it now. Maybe we will do it in future.
Hi Michael,
Thanks a lot. We are happy that you are doing good and we hope you do much better in future.
I like your point of view about our program. Yes, those who are really serious to have an income from forex trading, know that this program does worth to join.
Thanks again.
Best regards,
Forexoma
Dear Mr Forexoma,
I visited your weboma website in Dec2008 and learned about Japanese candle sticks .I found it very good & easy to understand and i pratice on demo account in Feb09 .
I want to learn more from you so i checked your website again and found you provide buy /sell signals course . I can sense that most of you are so good in forex trading .
I not sure how to follow you guys . All the reports and comments are so detailed i found it very difficult for me to follow and understand it fully .
How about new beginner like me on demo now for ~ 3 months plus . How do you teach ? Could you let me know the steps for new bies .
Do i need to joint for min a year or just pay month by month for the fee USD$99.95 ??
Await for your comment .
Thank you .
K.K
Hello, It is a monthly fee.
Hi
Are there going to be a real-time buy/sell signal once a position is formed, sent to the email? Or just the reports for every pair..