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There are the most frequently used terminology in signals below: |
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For example: EUR/USD Sell 1.2460 Stop 1.2490 Limit 1.2360 |
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The currency - being signaled is the first item: EUR/USD |
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The direction - SELL means short position, BUY means long. |
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The entry price - Often when you receive our emails, the market price may not yet have reached the proposed entry price for the trade. The simpliest way in this case is to set orders on your deal station to activate the trades at the given price to avoid waiting and watching the market to activate the trades manualy. Often the difference beetwen our entry prices and market price when we give a signal is 10-70 and it means no action is required until the price is reached. |
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On a break - Enter on a break means entry stop order. |
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Adding to - This term we use only in Long Term signals. It means that we could add more contracts at given price. Usually retracement on the market gives oportunity to better entry price. |
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Stop - This is the stop loss which should be placed as an order to ensure that losses are contained to a pre-defined risk level. Do not trade without it! |
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Stop/Reverse - This means that when stop is triggered you should open opposite position with default stop (30pips) when something like that occurs on market watch the email from us with further instruction. |
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Limit - This is the price where we aim taking profits from the signal. |
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No signal - Means that there is no signal on this major pair. |
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Hold - (Long/Short) Means that no action is required as the trade is open and should remain open until the STOP or LIMIT is hit. Please verify to change STOP and LIMIT in your deal station. |
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To maximize profits without having to enter or exit on the exact prices we published clients should set the price alerts (some services offers it, you should not have a problem to find it in internet) to activate in the vicinity of the trading signal prices, so that they can enter or exit a trade when the price is near (within 3-5 pips) the signal price we send out. Remember that this is a market and price action is not precise. Results on our results page are, however, based on the exact entry and exit prices we propose. |
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Very important: |
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1. The most recent signal received will cancel any previous signals received and you should immediately remove any previous orders from your deal station. |
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2. All signals remain valid until any one of the following occur:
- the stop loss is triggered and the trade is closed for a loss.
- the profit target is reached and the trade is closed for a profit. |
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3. If the instruction is sent out to close a trade which is currently open, this should be done immediately at market price.
Eg: Close all position on USDCHF NOW |
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4. Signals are always sent out at the pre-defined times but on rare occasions there is a need to send an update. |
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5. Trades are to be taken at the prices we indicate, and these already include the broker's spread, so this does not need to be compensated for. |
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| How to set up sms notification |
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Many of our clients use a mobile phone alert system which sends an SMS to their mobile phone when emails are received. Please note that we do not allow more than one email address for trial members. This is easily arranged in a 2 step process: |
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1. Set up your mobile phone SMS alert service: Most mobile (cell) phone service providers will allow you to set up an email address with them. For example mine is xxxxxxxx@mobile.att.com (ATT being the mobile phone service provider I use). You will need to arrange this with your mobile phone company over the internet or phone. Once you have an email address with the mobile phone service provider, most of them allow you to link it to your mobile phone via SMS. When an email arrives at that account, it automatically and instantly alerts you on your mobile phone via SMS. |
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2. Use your new mobile phone email/SMS system for receiving our signal emails. Just send us the email address you created above and its done! Now every signal we send will alert you on your mobile phone the minute it arrives, and you are able to go to your computer and enter the trades. This allows you to spend less time at the screen and more time doing other things you enjoy. |
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3. We are no longer allowed to provide details on the website regarding the supplier of these services, who will send alerts to your mobile phone when the price reaches certain levels you define. We suggest you search on www.google.com under "fx alerts" for such services. |
Important note on checking your email inbox |
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As our emails are not sent at an exact hour (we may hasten or delay our signal to maximise your benefit) you will need to check your emails regularly near the session signal times above. If you are using an email program such as Outlook or Outlook Express, set the program to check for new emails every 5 minutes. If you are using a browser based system, you will need to physically check yourself on regular intervals by refreshing the screen. It is easier to use the automated outlook type systems. You could apply Yahoo messenger also,it offers free Email alert. |
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