ForExamples

Hello Friends,

Below are the potential trades for today. Wait until the new candle to pop up and then look for the entry signal.

1 . GBP/USD - Short
2. NZD/JPY - Short
3. EUR/CHF - Short
4. USD/CAD - Long
5. AUD/JPY - Short
6. EUR/JPY - Short

We will discuss the signals here.

Please note these trades are recommendations only and please do your due diligence before entering.

Cheers,
Oz

Hello Friends,

With starting of the daily signals soon we need to find a way to report the daily pip profits. We had some big discussions in the past and would like to welcome you all share your thoughts for one last time here. Trading with 5 lots creates a challange to count pips in a way that truly reflects the total pips/profit made. My concern for the method to calculate pips is that it should also be comparable with other systems.

In the past people have suggested to average out the total pips. So for example if the trade makes +50 and rest of the lots are closed at BE then divide 50 by 5 and report 10 pips profit. Thats again is not accurate since it will be hard to compare with other systems who could trade with 1 lot and report 50 pips profit.

Another way suggested was to simply add the number of pips from each lot closed. So if a trade made 250 pips then add 50+100+150+200+250 making it a total of 750 pips. This again makes it harder to compare with other systems as I would be reporting thousand of pips whereas others would report only a handful.

What I’ve used in the past is the method that assumes that trade is placed with 1 lot and total pips gained/lost from the signal. This to some traders seems inaccurate since it doesn’t balances losses to gains properly.

Hence once and for all I would like you to participate in the discussion as to which is the best way to report pips. Please post your suggestions here.

Cheers,
Oz

Hello Friends,

I am so glad to let everyone know that we now have second child sponsored by Ozfx community.  His name is Rulfo, he is 6 year old boy from Peru. He likes playing with toy cars.

I’ve updated the WorldVision page on my blog and also included current list of donors. Once I receive the receipt of payment (AUD516) I’ll upload that as well. If you haven’t had the chance to donate then please do so now. Lets keep the momentum going to reach our target of 10 children in next two months. Please leave your comments and suggestions here.

Thanks again
Oz

Hello Friends,

I am looking at following potential trades today:

1. NZD/JPY - Short
2. AUD/JPY - Short
3. GBP/USD - Short
4. EUR/JPY - Short

These trades are based in Daily method and AES. We will discuss the signals here.

Please note these trades are recommendations only and please do your due diligence before entering.

Cheers,
Oz