Weekly Summary

Quick update of the results and thoughts for the week.

Weekly Summary: 04/01/19

As it  Firstly a happy and prosperous New Year for 2019. We are confident here at TMS that this will be our best year ever.

The opening week on the Forex has been rather tumultuous with the Aussie, Japanese, Kiwi and others having huge spikes. This obviously makes it very difficult for us using the MagicFibo strategy as it places our stops and targets too far away. Also as you look at the charts they are all currently in a counter-trend. They will either continue in the current direction and form a trading trend which could take a week or more, or they will return to their trading trend in the next few days giving us opportunities.

We must be careful not to chase trades but patiently wait for opportunities. This week we posted an article “Slow and Easy” to show that being patient and waiting for strong opportunities is the best way forward.

We did have one strong signal this week on the CHFJPY that gave us 66 pips before the dramatic events the following day.

We have also opened up a Twitter account to give better alerts and notifications. The details are in the side panel of this page as well as the homepage.

We are still progressing with an Expert adviser this year, but the difficulty we are facing is that it would still require some expertise in studying the chart. Therefore for the present, we shall continue with the Daily signals.

We have also introduced an email alert system that is sent out after signals have been posted to avoid the annoyance of having to login several times in the first hour to see if there are any opportunities. Be aware that we are trialing the system and may not work 100% of the time so please still check the website.

We have also updated our Trade Manager with a new Target Level to help us in time some cases where the MagicFibo levels become to spread apart because of the distance to the swing high or swing low level. The Trade Manager is an extra option and if interested please contact us.

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 just under  $4000 a month.

Balance To date $30151–  Balance This Month $597

Positions for the week and month can be reviewed on the result page here

Best regards and Trade Safe!

TMS

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