Closing GBPUSD Helix Trade (+130 pips)

Last Three Weeks Results!

Hello everyone.  so please read on.  The web traffic has been a bit slow, so I’m going to start blogging again.  This last few weeks have been pretty good for my subscribers.  Helix has been working true to form, and has been spitting out the same results it has year in and year out.  It’s been gaining equity!  What more do you want?  Here are the overall results:

9/19/2011 – USDJPY   – 128 pips

9/26/2011 -  AUDUSD  +677 pips

10/4/2011 – USDJPY  +51 pips

10/12/2011  -  EURGBP  +139 pips

10/21/2011  -  GBPUSD  +309 pips

10/21/2011  -  AUDUSD  +399 pips

That’s 1,477 pips to the good, ladies and gentlemen.  I’ve seen some of the other guys who call themselves “Trend Followers.”  I don’t know what they are, other than Internet Marketers, but their results certainly do not look like trend following results. 

Remember…these gains were made with extremely simple, low maintenance, low stress trades.  They took maybe 5 minutes to place, offered HOURS between the signal and the time the trade had to be entered or exited, and just plain worked out.  What more do you want?  Low stress, Simple to follow, PLENTY of time to get the trade entered once the signal is received, and finally PROFITABLE!

Interested?  Sign Up Today!

Summer Trading

Anyone who has traded with me for longer than year already knows that I don’t trade nearly as much in the summer. The smart money is on vacation, and as a trend follower, I follow what I believe to be the smart money moves.

It’s no surprise that immediately following Memorial Day, I took a few losses on the trade copier account. No big deal. If you took only the losers, and none of the winners, you lost about 3%. If you took all of the trades, the string lost under 2% in equity. This is why I drone on and on about proper use of leverage and discipline.

In a couple of weeks, the smart money traders will bring their opinions, and their money, back into the market. Then we’ll see what happens. Until then, I’ll still place trades in the trade copier account, but they will be fewer, and I’ll exit them sooner.

My advice during summer is to focus more on trading education, and less on actual trading. It will yield much better results, and it’s a hell of a lot less stressful.

Good Luck!
Tim

Message to Subscribers

Hi everyone.  I thought this was a great time to remind everyone of a few things.

First, I want to caution everyone about increasing your leverage too much.  We’ve had a lot of great trades lately (295 pips this week on the trade copier alone).  Sometimes, clients want to increase their position size at this point.  It’s fine to increase your leverage slightly.  Just keep in mind that over-use of leverage stops you from being able to take a spike.  It can also cause you to lose all of your gains on a small loser. 

I’d also like to explain to everyone that I operate within my trading plan.  That plan includes weekly maximums for wins and losses.  I target 2% per week in overall equity increase.  After that, I stop trading the trade copier account.  If I have open trades when the 2% mark is met, I let them run, but I won’t expse your account to further risk beyond that point.  I base the equity increase on a 1:1 leverage per trade.  That means a 1% equity increase per 100 pips (about).  That’s the leverage I recommend as your maximum.  What you do, is beyond my control.  I know that many of you are trading at much higher leverage.

With regard to email.  I reply to email at least three times per day.  I make it a point to answer email around NY open (about 7:30 AM CT), then again while I am looking at the Helix trades (Between 4:00 – 6:00 PM CT) and then again around Midnight CT.  Sometimes I will look at email throughout the day, but that’s not the norm. 

Finally, as I was reviewing some accounts, I noticed that some of you had (perhaps accidently) shut off your email delivery from this mailing list.  I figure it was accidental because some of you have actually mentioned that you missed an email, etc.  This is a GREAT reason to use Yahoo Messenger.  It’s the best add-on for email.  Everything signal-related that I send on this mailing distribution, is also sent to everyone on my Yahoo Messenger list.  Please keep in mind that my Yahoo Messenger is not on the computer in my office.  I keep it running on one of my VPS.  I don’t typically use it to chat.  (I’ll chat with you if I am on the VPS and see you trying to get my attention.)  But please understand that I am NOT IGNORING YOU if I don’t answer.  I just have not seen your message.   

I guess that’s enough for now.  I want to thank all of you for your continued support.  I certainly enjoy trading with each and every one of you!

Thank you!

Tim

Why Isn’t My Trade Copier Working?

1.  I don’t have a Smiley Face – My MT4 says

Why Are Your Stop Losses So Large?

Q:  Wow!  I just noticed the size of your stop loss orders.  ARE YOU F&%#ing NUTS?  You’re going to blow your account!

A:  If you cannot withstand a 2,000 pip drawdown without freaking out, you are OVER-LEVERAGED!  I treat stop loss orders like a life insurance policy.  It’s there in case I can’t get online for some reason, and something goes terribly wrong with the market, at the same time.  From my perspective, the market offers three trading decision choices per candle.  Buy, Sell, or No Trespassing!  I buy on a buy signal, I close that buy on a Sell signal, and I sit where I am on a “No Trespassing” signal.  Basically, that’s NO SIGNAL.  If I am in a LONG position, and get a SELL signal, I EXIT the long position whether that position is in a profit state or a loss state.  The stop loss is part of each trading plan, but it is part of my risk management plan.  It is not part of my exit strategy. Do you see where I am going with this?  Placing a stop loss too close to the market is an invitation for the market to take you up on your offer.  Do you think that your broker is doing something wrong when they buy your stop loss order?  Heck, they’re just buying an asset for your FULL ASKING PRICE!  No dickering, no dealing…just paying the full price that you are asking.  The best thing to do then, is to place the stop order at a price that NOBODY wants to pay.  Small stop losses add way too much risk to your trading.  In reality, anything less than 10 X ADR is too small to let your trade work.  You just have to be in tune with the overall market direction, and you’ll make a lot of money in this game.

What Style of Trading Do You Do on the Trade Copier?

I have several strategies to use.  It depends on the market cycle.  A typical week will see a few small “20-25 pip” day trades, and maybe some short term position trades taken from the 4 hour charts.  Other times, I like to trade EOD breakouts.  As long as the market is in tune with the strategy, you profit.

How Do We Handle Money Management in the Trade Copier?

Question:  You told me that the copier “mirrors” your trades every seconds or minutes or so. But how do we set the lot-size. I mean you may run 1 lot I I want only 0,5 lot or 2 lots depending on my Money Management?

Good question.  The trade copier is easily configurable to handle money management as you see fit.  You have two options:

1.  The trade copier can be configured to trade at a fixed “custom” lot size.  So, you can choose to always trade 1 minilot, or even 10 full lots.  Or even a microlot if your broker allows it.

2.  You can trade at a multiple of my lot size.  In this case, if I trade 1 lot, and you use the multiplier of “2″, you would trade twice as much as I do.  If you use “.5″, you’ll trade half as much as I do.

Is the Trade Copier Easy to Install and Will it Run on Any MT4?

The trade copier is very easy to install.  I provide a video that shows you exactly what to do.  I also provide a PDF document that shows you the advanced features of the trade copier.

I have installed and tested the trade copier on MANY brokerages.  It is a standard EA, and should work on any broker’s MT4.  The EA is easily configured to rename currency pairs, 4 or 5 digit brokers, and even ECN style brokers.

Why Don’t You Have A Trading Room?

I do.  The problem is that NOBODY ever shows up to trading room sessions, so I stopped wasting my time planning and hosting them.  The trading room is open 24/7, and serves as my trading desk.  My analysts and I post updates, charts, and trade plans in the room every day.  You can find a link to the trading room in the members area.