Quick update of the results and thoughts for the week.
Weekly Summary: 02/11/18
Please note: Our office will be closed from 5 November through to Monday, 19 November. I will be in Africa in areas where being able to connect to the Internet will not be possible. However, if an opportunity does arise you will be notified by email.
Firstly welcome to the new Club members this week. We still have some places open, but membership is limited.
Now that our website has migrated you should be experiencing a much better experience.
We have also introduced an email alert system that is sent out after signals have been posted to avoid the annoyance of having to
This week we also released an update to 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 in the ability to change settings directly on the chart. 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. We have actually started working on this with our programmer.
This week again
What I am doing to overcome the problem with the trades not reaching our targets and missing by two or three pips is adding alerts when I am near the target and then moving my stop which has already moved to break-even to the HBE/LBE level with the ADR strategy and would suggest moving to the BE level if using the MagicFibo strategy.
What I am doing 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 $28637– Balance This Month $377
Positions for the week and month can be reviewed on the result page here. Trades trades where
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.