You may be new to forex, or maybe not, but one thing that is always an added bonus is signals!! I have seen some WEBSITES give away bogus signals cause they think they know what is best and signals you to trade against the TREND.....usually because they have some software telling you what to do!
Well I have came across a trader that is willing to offer his signals:
TO has sinced not logged any entrys in his journal and is only showing it to back his word. He has asked me to get the ball going by starting this thread for him ......since I have been around this MMG Forum for some time.
I myself have used his signals in the past and present and mentioned to him that he could offer his services here on MMG, and open the eyes of many new traders!
I will invite him here and get him to place some predictions so you can get a feel for his signals and see how accurate he really is!
TrueOrange
Jul 6 2006, 02:47 PM
Hello everyone and thank you Ricky for the introduction as I am quite new here. One thing I am not new to is ForeX. I have been trading for a good while now and am currently working as a trader in Chicago. Needless to say, I never take my eyes off the FX market and I like it that way
Ricky said I will be providing signals, well, I prefer not to necessarily call them signals, but rather "Trade Ideas". You will basically be getting an in depth look and explanation of the actual trades I am making. As noted in Ricky's post, please take a look at my journal to get an idea of how these trades are outlined.
I do not plan to give you exact entries, exits, and stop losses. Many times I will suggest these levels, but I want my traders to realize that trading is many times unpredictable and sometimes you need to book profits early (nothing wrong with that) or get in to a trade before a specified level as many times specified levels fall short and you miss out on a big price move. Many times I may send updates without a specific trade at all, but instead, overall market conditions and what to keep our eyes out for. Sometimes the best trade is no trade at all and we will implement that when necessary.
I have been showing consistant profits for a long time and I do not expect this to change, however, this does not mean profits are guaranteed. This is obviously a lot of work for myself so I will be looking for a minimum number of interested parties before getting everything rolled out, on the other hand, I will probably put a cap on the number of members as the more members I have, the more work it becomes.
If this service is something you are interested in or if you have some unanswered questions, feel free to contact me at the below email address. Thank you for reading my post, I look forward to trading with you!
TrueOrange
trueorangetrading@gmail.com
fxinvestmentpool admin
Jul 6 2006, 02:50 PM
Nice blog. I always loved pictures.
wallym
Jul 6 2006, 04:12 PM
After introduction, I checked the site and its Journal is now closed.
I had some quick e-mails back and forward with TO and subscribed for his service for 1 month to give it a try
(i hope to become a subscriber for live on his signals, hehe , lets wait patiently )
Will update this thread as trading goes on.
Regards,
Now
TrueOrange
Jul 8 2006, 01:36 PM
To answer Now's question here on the thread, most of the trades will center around EUR/USD, USD/JPY, and AUD/USD. I tend to try and stay away from things with large pip spreads as this isn't too advantageous for us and costs us money. I will always be looking for value for myself and my subsribers and that is why I like to trade AUD/USD and even NZD/USD at times. I have a trade centered around AUD/USD for this week and will explain in the newsletter what I mean by value and even "extra" value. The little things and details will make us even more profitable if we choose to pay attention to them . . . and of course, I do. If you wish to begin receiving tomorrow's newsletter for our look ahead at this week's trading please get in touch with me asap as it will be coming out tomorrow afternoon. I already have some juicy trades lined up.
To answer Now's question here on the thread, most of the trades will center around EUR/USD, USD/JPY, and AUD/USD. I tend to try and stay away from things with large pip spreads as this isn't too advantageous for us and costs us money. I will always be looking for value for myself and my subsribers and that is why I like to trade AUD/USD and even NZD/USD at times. I have a trade centered around AUD/USD for this week and will explain in the newsletter what I mean by value and even "extra" value. The little things and details will make us even more profitable if we choose to pay attention to them . . . and of course, I do. If you wish to begin receiving tomorrow's newsletter for our look ahead at this week's trading please get in touch with me asap as it will be coming out tomorrow afternoon. I already have some juicy trades lined up.
-TO
OOOOHHH...I can't wait!!...people JUMP ON BOARD
TrueOrange
Jul 8 2006, 06:38 PM
Ok, everyone, I have tomorrow's news letter all set and ready to roll out tomorrow. It will probably come out some time around 4:00pm EST as I will most likely do a bit more analysis before then and make any necessary changes to the trade ideas. I will be focusing on EUR/USD and AUD/USD this week and I am feeling very confident in these trades as we look to capture over 150pips between the two. Depending on when are targets are hit, we may be playing these pairs for even more. But if you are familiar with ForeX, you know that 150 pips is a great profit for a week.
-TO
TrueOrange
Jul 9 2006, 10:32 AM
The newsletter to kick off the week has just been sent out, please check your inboxes and feel free to contact me with any pressing questions or concerns.
-TO
stanton_john
Jul 9 2006, 01:08 PM
i am interested....contact me about it
TrueOrange
Jul 9 2006, 01:19 PM
John,
Please e-mail me at trueorangetrading@gmail.com as I cannot yet send PMs on the forum.
The newsletter to kick off the week has just been sent out, please check your inboxes and feel free to contact me with any pressing questions or concerns.
-TO
Hi,
Received your recommendations and I have a professional feeling on them, well done, lets see what the results bring out!
Regards,
Now
bradyee
Jul 9 2006, 01:32 PM
i would like to join too,
thanks in advance
TrueOrange
Jul 9 2006, 02:11 PM
Hello all,
Yes the newsletter is out and we have established two trades already for this week. It is still much too early to comment on the development of these trades, but I am watching things closely. I am actually covering the European session at work for the next month or two so I will be keeping some pretty crazy hours myself, but constantly watching the market and you will all be receiving updates as I trade and see new opportunities.
-TO
moneymaker3
Jul 9 2006, 08:02 PM
Really thanks all guys who appericiate www.fxforecaster.com on top of all signals sites.
A newsletter and trade update has just been mailed out for today.
juicyt
Jul 10 2006, 04:09 PM
I just have to add my two cents.
The start of this thread was like I was reading off a script of a cheesy Info-mercial.
An introduction! That's funny to me!
Good luck with it though.
getrichathome
Jul 11 2006, 12:27 AM
How much does it cost?
TrueOrange
Jul 11 2006, 11:07 AM
New update just sent out. Action is going nicely in our direction today and we have a great outlook for the next few days/rest of the week!
Cheers,
-TO
TrueOrange
Jul 11 2006, 03:59 PM
New trade just issued. We're looking to make from 60-70 pips on this one! Trading only 1 mini-lot successfully would fully pay for your entire month subscription (plus a little extra )
New trade just issued. We're looking to make from 60-70 pips on this one! Trading only 1 mini-lot successfully would fully pay for your entire month subscription (plus a little extra )
Cheers,
-TO
Ho TO,
Any updates?
Regards,
Now
TrueOrange
Jul 13 2006, 02:55 PM
Yes Now,
You should have gotten updates last night and this afternoon. The market is really tricky right now with all the rumors about the BOJ rate decision.
-TO
creztor
Jul 14 2006, 02:59 PM
As asked before by someone else, mind posting how much it costs? Thanks.
As asked before by someone else, mind posting how much it costs? Thanks.
Hey.....the signals are $50 a month
TrueOrange
Jul 14 2006, 06:03 PM
Hello all, yes I'm sorry for not answering, the subscription is $50 a month. It seems like a lot, but it really isn't all that much, especially for the time and dedication I put into updating everyone. I hope some of the members will post and attest to that for me.
This week was a rather rough week for us and actually the worst trading week I can remember having in a LONG time. Ironic it's the first week I start this service, but if you followed my trades to a "T", you still managed to turn a profit. I kept a log of all the trades and if you traded only ONE mini lot on each suggestion you managed to pay for more than half of the month's subscription fee. I know many of the members are trading larger size than this, but it's just a reference.
I can't say I am proud of everyone only paying half the subscription fee this week as I had planned on making enough for members to be able to pay for several monthly fees in just one week of trading, but things with the BOJ (bank of Japan) and the numerous rumors flying around about their interest rate decision really took its toll on us.
I would like to offer to send out the newsletter I sent out last weekend as an example of what to expect. If you are interested in seeing this, please just drop me an email as I do not know how to do attachments on here. The AUD/USD ended up working very well, but the EUR/USD we were stopped out on, only losing about 18pips. We were able to easily get it back from Thursday-Friday as we gained about 70+pips shorting EUR/USD from just over 1.2700 down to 1.2630
Again, thank you for your interest everyone, we hope to grow into a great trading community.
Hello all, yes I'm sorry for not answering, the subscription is $50 a month. It seems like a lot, but it really isn't all that much, especially for the time and dedication I put into updating everyone. I hope some of the members will post and attest to that for me.
This week was a rather rough week for us and actually the worst trading week I can remember having in a LONG time. Ironic it's the first week I start this service, but if you followed my trades to a "T", you still managed to turn a profit. I kept a log of all the trades and if you traded only ONE mini lot on each suggestion you managed to pay for more than half of the month's subscription fee. I know many of the members are trading larger size than this, but it's just a reference.
Again, thank you for your interest everyone, we hope to grow into a great trading community.
Cheers,
-TO
Indeed an overall terrible week to start out with a signal trading service
The updates are indeed well structured and send in a timely fashion, keep up the good work.
So, heads up for the coming week and let us hopefully see this thread turn into another pips-maker worth joining
Indeed an overall terrible week to start out with a signal trading service
Hmmm . . . if you followed my trades you would have turned profit this week. I guess that's considered terrible by your standards? I'm not sure how to live up to those expectations.
Hmmm . . . if you followed my trades you would have turned profit this week. I guess that's considered terrible by your standards? I'm not sure how to live up to those expectations. -TO
Hmmm... no more updates and recommendations since last week...
Another bites the dust along with us subscribers, should have stayed only with my first signal provider
I don't think I would call it a scam as yet. But he should let his subscribers know if there are no signals yet so they know what's going on. I don't think I would want to run a signal service, too much work and pressure to provide winning signals time and time again.
Besides this week and many weeks like it how can you actually provide a good signal? No one really knows what the market is going to do with reports due out, middle east crisis. etc....... Doesn't seem like anyhting is a lock right now.
fxinvestmentpool admin
Jul 24 2006, 08:18 AM
Lesson number 1. Dont pay for something that you dont need to pay for.
Hate to be the one to say this but. You deserve it for subscribing to signals...
No hard feelings
I do not understand so well what you are meaning?
The reason that I subscribe to signals is to confirm what i might see as a possible trade.
I do not just follow every signal that is sent.
If I get a signal, i will analyse it to my system, if it confirm what i think of it being a possible trade then great, I will enter. I will not blindly follow signals. Also, it is difficult to focuse on most crosses at the same time, so someone else might spot a trade that i did not discoverd yet, then if it meets my criteria, i wil enter it.
Knowlegde is among people, so if I can combine my knowledge with the one of others then great.
What concerns TO here, he does not seem to be able to give any clue or update to his subscribers.
It is not that I expect a signal every day, but some updates are welcome.
I am subscribed to 'The Money Trader' of the well known Boris Schlossberg and Kathy Lien, they send an average of 4-5 signals a month. But they deliver quality, 12 where winners out of the 14 last recommendations (average of more then 100 pips pro trade), offcourse the price tag is 375$ for 3 months, but this is nothing compared the quality that they deliver.
I am subscribed to 'The Money Trader' of the well known Boris Schlossberg and Kathy Lien, they send an average of 4-5 signals a month. But they deliver quality, 12 where winners out of the 14 last recommendations (average of more then 100 pips pro trade), offcourse the price tag is 375$ for 3 months, but this is nothing compared the quality that they deliver.
Did u buy Boris's new forex book? Is it worth to read?