Prices are moving again…Last weeks Signal Results

Up to over 3500 pips profits for May 2011

We are happy to share our results with you for May 2011. Our Signals were worth between 580  up to 3673 pips, depending on the management.

We would like to thank all our members for their nice comments and feedback so far and hope to continue with results like these in the future.

Many regards

Your Smart Forex Signals Team

Profits for MAY 23-27

Click to enlarge

Trading Tips From Members to Members

Signal management tips from Members to Members

George Holders-USA  – SMS Member & Forex trader since 2009

To maximize profits and reduce losses I do as followed:

1.    When I receive winning Signals I risk up to 1.5% of my account balance and go for 2-4% profits.
2.    I never trade all pairs. I just pick 1 or 2 at the time, but I try to trade all Signals from this pair that appear in my time zone.
3.    Only if I have taken profits from these pairs I will go for the 3. Pair/ Signal.
4.    If I lose more than 2 consecutive trades I minimize my risk to under 0.5%. If winners appear I raise the risk again to 1.5 %.
5.    I forward the Signal mail to my cell phone, so I can trade even if I am not at home or at work.

With these 5 simple steps I am able minimize my losses and achieve my targets easy.

Results for MAY 09-13-2011

Click to enlarge

Great Results from MAY 2-6 2011

Please Take a look at the attached image for last weeks results…

Click to enlarge

How our new signal service works!!!

It is very simple and to the point!

1.You will receive your trading signal(s) and it will look like this. (example)
GBP/USD: LONG (BUY) AT: 1.6124 STOP: 1.6104

2.When the position moves into profit, you will receive an update with your trailing stop, and this will look like this. (example)

GBP/USD: MOVE STOP OF THE LONG (BUY) TRADE TO: 1.6144

3.We will always try to ride a trend to maximize the profits, so we won’t give you any targets for the Signals. We respect that many traders use their own strategy to take out profits and we don’t’ want them to lose their focus.
Of course we will make our suggestions to you about “taking profits” and again, it is very simple!

A.Our stop is on average 20 pips and never bigger than 35 pips.
B.Open 2 positions and go for at least 15-20 pips for your first position.
C.Leave the second position open for at least 30-40 pips or more and follow our trailing stops.
D.You will receive a “trailing stop alert mail” after a trade is in profits with about 15-20 pips.
E.A position is closed for good if the trailing stop gets hit, or if you receive a Signal in the opposite direction.

How to count maximum profits and maximum losses in pips/points

Maximum profits: The highest price (for longs) and lowest price (for shorts) before it hits the stop/trailing stop or we receive a reversal signal.

Maximum losses: If the price hits our initial stop/trailing stop before reaching a minimum target of 15-20 pips profits.

All tests and free Signals worked fine.Our “new” Signal service will be up and running live soon!!!

GBP/USD Long Signal 150 pips profits

Todays long signal for gbp/usd is still open with one remaining position.

profits were taken with 25 pips 50 pips and the last position is still open with about 150 pips profits.

We will keep you updated. Congrats to all members!

Eur/usd bounced at 1.3800

We are keeping an eye on the eur/usd after the bounce in the 1.3800 area. Swing trade setups are likely to appear on this pair as well us on aud/usd and eur/jpy. No positions are open right now.