Weekly Summary: 26/10/18
Firstly welcome to the new Club members this week. We still have some places open, as membership is limited. Now that we have been able to migrate/rebuild our website it should now be much quicker and more pleasant experience. We are also trialing an email alert system so that when signals are placed on the website our Club members receive an email. Hopefully, this will be up and running soon.
This week we also released our new TMS MagicFibo/ADR Target indicator which automatically calculates and places our trade levels on our charts. It also comes with a Data Panel with all our relevant price levels. This makes things much easier at our end in that we do not now need to calculate these levels before posting the signals on the website.
In the future, we are also hoping that we will be able to build an Expert Adviser that will automatically give us the signals that we potentially trade.
After the previous week, we had some improvement but still mixed results this week. Although we had no losses this week we had three winning trades and to break even trades. They all used the ADR strategy. USDCAD, our signal to trade on Thursday got within a pip of reaching the target before retracing back to our entry.
IMPORTANT: Although this has been stressed to all Club members we use Break Even levels in both our MagicFibo and ADR strategies. With MagicFibo we use the 47.2% level and ADR 50% of the target. Although it can result in some trades returning a “zero” return, the piece of mind that you can no longer lose in a trade we believe is worth it. We have developed our own Trade Manager which is available as an addon. Alternately there are several Trade managers available freely at Forex Factory.
From May we have also started a challenge tracking one standard lot invested for a minimum return of $48000 for a year non-compounding. That is an average of $4000 per month.
So far we averaging around $5000 a month.
Balance To date $28260– Balance This Month $2143
Positions for the week and month can be reviewed on the result page here.
Current chart patterns make it difficult for us to confidently enter the market. Suggest we let things settle for a few days.
TMS Trade Manager Release with added new profit target for MagicFibo strategy.
Article "Slow and Easy "
Our first trade for 2019 - CHFJPY +66 pips
TMS Club membership is now open with a first-month introductory offer. For information and access proceed here.