Eddy, I’ve studied economics my entire life I actually always wanted to be an economist from a young age. When I went to college for accounting, ultimately I ended up switching to economics. After all the many years of studying (far beyond what the universities taught me) I comfortably call myself a well-versed fundental analyst. I generally have a very good idea on how data is going to lay out as I spend a considerable amount of time building a fundamental bias to each individual economy (with respect to economies that affect each other ex. China to Australia) however as a professional trader it is rarely a good decision to enter a trade directly prior or immediately following a large data release. Although there are many instances where it can be acceptable and very profitable, the inherent risk involved is generally too great in my opinion.
Thanks Martin, it is always a good idea to demo especially when one of these fancy new signal providers pips up lol. I appreciate the support make sure you stick around there will be a lot more action in the coming weeks. This has been a very choppy month I’m optimistic that the end of the month may provide some clarity and insight to August, thus providing much better opportunities.
What do you mean by that Glen ?
Where are you going? We followers love to have out traders actually communicate with us, its fun and active.
Lol eddy I have no idea what you mean by “where are you going?” I’m not going anywhere I work from home so I’m basically always around so its nice to have an active following to discuss with.
There may actually be a couple quick opportunities coming up in the next hour or two I’m looking at USDJPY GBPUSD and AUDUSD all on the dollar buying side. Assuming conditions are right I may be willing to enter one of these potentially. To clarify I am still flat on my positions no orders or open trades.
Going short AUDUSD here at market (currently .9227) tight stop well above resistance line at .92488 take profit at .91697
hmm may join you on this little trade 
Exit -22.2pips the resistance has broken. Unfortunately but it was a nice setup with an excellent risk reward factor. Things are still a bit choppy we may need a few more days of market sorting before reactions become more stable.
Well we are out of the trade, the setup is now invalid for the time being so I wouldn’t recommend that darth. But keep an eye out we will be taking some trades throughout the week potentially.
cheers for the heads up. I’m a king swing trader so wouldn’t been able to make a trade till 21:00 tonight anyways. Keep a weathered eye on the horizon laddie.
Not really sure what you meant by that but thanks. We saw some nice topside rejection on AUDUSD so the timing may have been a touch premature but we will keep following. I’m definitely still interested, but again we are still seeing these choppy conditions making it difficult to find a trade that’s worth the risk. I’ve personally suffered this month under these conditions but we’ve had strong trending for a fair length of time so it is only natural to get caught up on a few here during the breathing phase. Have a nice day everyone.
Look, nobody can beat the markets all the time. It is simply not possible and doable. however, you are handling your losses quite well, and your zulutrade stats are going quite fine. I can see and a follower as well, so steady is the key to a short-to-long term successful trading, which is what we are mostly looking in our zulutrade traders.
Thank you Eddy, this has been a rough month to trade with very choppy conditions over the past few weeks. Just so you know though, my zulutrade page is just a sample so I have something public. I do run an actual signal service where is signal many more trades. Obviously this month not many more as I have hardly traded through July given the market conditions. Its nice to take a breather anyway I normally don’t have much personal time so if anything this month has been nice to catch up on sleep and much needed relaxation. I expect August will pick up dramatically in comparison to the last 7ish weeks.
Right right! well August can be volatile, though we are seeing some slow months lately.
what’s the signal service that you running? …on what platform you are doing it?
You just KNOW a positive freudian slip when you see one. This guy puts the fun in fundamental analyst
so are you an economist or a dentist? (dry humor)
You got me there iPhone autocorrect I don’t think I’ll ever get used to it.
Eddy, we operate as Diesel Trading Company (DieselTradingForex) I offer my signals via Skype as well as through our trade copier (Just a simple EA that connects my trades to my subscribers on mt4).
There’s actually a more detailed trade history from one of our live accounts on my site. Obviously I can’t post the link but if your curious its not hard to find its a downloadable fxcm statement under the Results Tab.
via skype? ohh come on!!
I think you are much more better off to offer your signal/s via zulutrade! stay with a decent good performance make the followers happily winning and things can be quite well
Eddy, the Skype room is for discussion, chart sharing, ect. Only followers who don’t wish to use the trade copier follow in Skype. We offer the same trade copier option that zulutrade offers. My zulutrade account hasn’t seen even close to the amount of trades I’ve signaled in the same time period its just a sample. Of coarse I don’t mind followers on Zulu but its not my top priority. The reality is that with zulutrade the only way to actually earn commission is to take a very high volume of trades with a very large following. I’m in the US so for example its amount following lets pretend thats 10 million divided by minimum equity required (I have a very low required minimum equity which is good) divided by 100 multiples by zulutrader’s rate (300 for 60+ trades) 10,000,000 / 100 / 1480 (138.00 for 1ks) x 300 = 20,200 roughly. Or at my subscription rate privately I can make the same with 180 subscribers. Plus I can be much more personal and actually teach my following useful trading techniques. There is no incentive to trade on Zulu. Also if you consider the spread markup the follower is paying just as much or more following on Zulu and they get none of the additional benefits I offer.