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Welcome to the Wealth Transfer System “Live Performance” area. In this area you will be able to see live charts (refreshes every 30 seconds) and ask questions in the comment area below 24 hours a day 5 days a week. If you would like to learn how to use the system please click on the [Training Session] button above. Moderator: Emerson Duhart Hours: 9AM-12PM EST To see live "real time" charts of our conservative Forex trading strategy; please scroll down the page. |
orren
Used your new site this am, works great. I appreciate the ability to monitor both conservative and aggressive charts, even at 12am est.
Emerson Duhart
Reply:
December 15th, 2008 at 8:49 am
@orren, Thank you;
Dec 15, 2008 @ 8:40 am
Emerson Duhart
I am recommending a stop on this trade at 1.5080. There is news coming out soon (9AM EST); it it might be unpredictable.
Dec 15, 2008 @ 8:50 am
Emerson Duhart
But for those that are surplus on their accounts; you can afford to take more risk to let it run with an indicator based exit. Waiting for the M1 to turn full bright red.
Dec 15, 2008 @ 8:53 am
Emerson Duhart
Price seems to be holding up.
Dec 15, 2008 @ 8:56 am
Emerson Duhart
News it about 3 minutes.
Dec 15, 2008 @ 8:58 am
Emerson Duhart
If you are still in this trade I would update stop to 1.5125
Dec 15, 2008 @ 9:00 am
Emerson Duhart
Turning out to be a very nice trade; can’t wait to video review it later.
Dec 15, 2008 @ 9:35 am
Emerson Duhart
WOW, this trade is out of control!!! YAY! Now at 1.5244
Dec 15, 2008 @ 9:40 am
orren
Do you not show trades on the live aggressive chart? Great run on the conservative side!
Emerson Duhart
Reply:
December 15th, 2008 at 10:13 am
@orren,
This live performance feed comes directly from our managed account trading. We do not trade aggressively on managed accounts; that is why you do not see the entries on the aggressive side. However, the chart remains their for people to see it in action.
Dec 15, 2008 @ 10:08 am
orren
Is there a conservative trade on at this time? My managed account did not trigger.
Emerson Duhart
Reply:
December 15th, 2008 at 10:32 am
@orren,
Yes, what account number of provider are you using? Is your EA turned on? Wow, you are missing out on the trade of the week! Call me later today so I can troubleshoot it.
Dec 15, 2008 @ 10:24 am
orren
accnt# 530****
Dec 16, 2008 @ 3:45 am
Emerson Duhart
Good morning everyone.
Dec 16, 2008 @ 8:37 am
Emerson Duhart
Market is pretty tight this morning; I presume everyone is waiting for the FOMC news to come out before they commit to the market.
Dec 16, 2008 @ 9:15 am
Emerson Duhart
Look at how the system is keeping us out of these choppy movements and false entries.
Dec 16, 2008 @ 10:23 am
Emerson Duhart
Well, it looks like the system has done another amazing job of keeping us out of trouble today. Stay tuned for video report!
Dec 16, 2008 @ 11:57 am
Emerson Duhart
Well, it appears we will not get an entry of the heels of the FOMC meeting yesterday at 2:15PM EST.
The short movement that happened this morning was a result of a correct/retracement of the FOMC meeting; therefore, the system regarded the movement as risky and opted out of trading it.
These types of protections are necessary as the chances of such a large retracement are small.
Dec 17, 2008 @ 11:13 am
Emerson Duhart
Ok, we are in an entry far away from the dotted white line; watch it closely.
Dec 18, 2008 @ 9:54 am
Emerson Duhart
I would recommend taking 20 pips or more early
Dec 18, 2008 @ 9:55 am
Emerson Duhart
I have taken 23 pips on managed accounts.
Dec 18, 2008 @ 9:56 am
Emerson Duhart
Good job everyone! We will watch the trade for the official indicator based exit for education. But, at least we have some money in our pockets now. This trade puts us at a 51% gain for this month; well over our projections!
Merry Christmas!
Dec 18, 2008 @ 9:59 am
sjncsh
Hey Emerson, Just login to see that there was a trade. I could not get here before now due to my son’s school project. Well, if I would of been on your managed account then the trade would not have cost me. Paul
Dec 18, 2008 @ 10:35 am
sjncsh
Oh! By the way ! Thanks for the gain in my account with your AT program
Emerson Duhart
Reply:
December 18th, 2008 at 10:40 am
@sjncsh,
Your very welcome!
Dec 18, 2008 @ 10:36 am
sjncsh
Emerson are you login in
Emerson Duhart
Reply:
December 18th, 2008 at 11:43 am
@sjncsh,
Yes, if you want to live chat with me; just click the live support button at the top of the page during the moderated hours.
Dec 18, 2008 @ 11:12 am
Emerson Duhart
Looks like the price is heading down more; but we will sit it out because Entry timing sees it as a continuation of the previous short we were in. And, we do not take continuation trades trading conservatively.
It would have been an aggressive trade but we were already 5 bars below the dotted white line so the Fibonacci/Pivot breakout indicator did not activate; missed this one by a 5 minute window.
Dec 18, 2008 @ 11:39 am
orren
Did this conservative trade exit after only 20 pips?
Emerson Duhart
Reply:
December 18th, 2008 at 12:36 pm
@orren,
23 pips; I exited on the managed accounts. I know you may be looking at the price now and saying. OMG! I could have gotten more pips!
But, what you are failing to realize is that I exited at 1.5245 then soon after I exited it retraced up to 1.5363; that is that is 105 pips away from the entry point of 1.5268.
So just imagine for a moment you have a 100 pip stop on that trade which is what most inexperienced people would do. You would have gotten stopped out for a loss of 100 pips instead of gaining 23 pips as we did.
Now, we almost had another opportunity to reenter but…
We had sit it out because Entry timing saw it as a continuation of the previous short we were in. And, we do not take continuation trades trading conservatively.
It would have been an aggressive trade but we were already 5 bars below the dotted white line so the Fibonacci/Pivot breakout indicator did not activate; missed this one by a 5 minute window.
We are up 235 pips this week; that is a 23.5% gain in one week of trading. We should all be happy as our minimum is like 5% per week. This week is worth the entire months worth of performance. However, we are up 51% for the month.
Cheers!
Dec 18, 2008 @ 12:21 pm
aloha1
Great Start!!
Emerson Duhart
Reply:
December 18th, 2008 at 1:45 pm
@aloha1,
Yes, 2009 will be an awesome year; leading the year with this new version of the trading program!
Dec 18, 2008 @ 1:41 pm
JOHN
I have researched other FX trading systems that advertised fabulous performance, only to backtest their systems and find that their claims were false and that their expert systems would blow up your trading account. Thank God I found that out in their Demo accounts!
I had experienced many losing trades with a well known FX trading service that didn’t know when to stay out of a trade!
My research has proven to me that such FX trading mistakes would have never occured with the PositivePips system.
The PositivePips system is a genuinely honest, safe and profitable system that has been demonstrated to produce a consistant monthly income.
Emerson Duhart
Reply:
December 18th, 2008 at 5:09 pm
@JOHN,
Thank you John; we have worked had and made a lot of sacrifices to get the trading program to where it is today. I appreciate your kind words.
Dec 18, 2008 @ 5:03 pm
sjncsh
Hey Good Morning Emerson, Enjoy the new site. Just getting use to it. Comments from other user and being able to see what they have experienced with their forex learning and experiences is great. Thanks for your comments John. We are all now on the right platform. Paul
Emerson Duhart
Reply:
December 19th, 2008 at 9:47 am
@sjncsh,
Thanks Paul; I strive to provide a better service everyday.
sjncsh
Reply:
December 19th, 2008 at 11:55 am
@Emerson Duhart, Hey, I thought for a little while that we were going to get a AG trade. Oh well see you next week
Emerson Duhart
Reply:
December 19th, 2008 at 11:58 am
@sjncsh,
Yes, it was looking like we would get one; but the GBP is just not weak enough yet. Well, we surpassed our weekly pip goal; so I am happy. See you on Monday!
Dec 19, 2008 @ 9:42 am
Emerson Duhart
Pretty quite today; the system is keeping us out of trouble. However, we are below the dotted white line and below the first dotted red line.
The USD has significant strength for a short trade but the GBP is hovering around 3.8.
It is too late in the day to get an entry trigger now with less that 30 minutes left of trading time. I doubt we would get an entry trigger if left on; but it is better to be safe.
Therefore, I recommend you stop trading and/or turn the EA off.
Dec 19, 2008 @ 11:34 am
sjncsh
see you guys Monday Paul
Dec 19, 2008 @ 12:00 pm
Emerson Duhart
See you guys Monday! Great job this week!
Dec 19, 2008 @ 12:02 pm
istevenson
good news
ODL is keeping the account open and the error 131 is now fixed, so the account will now be active again
Emerson Duhart
Reply:
December 22nd, 2008 at 7:59 am
@istevenson,
That is excellent news; today will be our last day of active trading until January 2nd. I do not recommend trading again until then after today.
Dec 22, 2008 @ 7:16 am
Emerson Duhart
Welcome back everyone; let make this year the best year ever. The performance reporting will continue as of today.
Emerson Duhart
646-827-9212
Jan 05, 2009 @ 8:37 am
Emerson Duhart
Well, no trades today; it seems that we were missed this long movement because the USD needed to show significant weakness. Even though the GBP gave us the strength of 6.0 or more we needed the Dollar never weakened to 3.0 or less - tipping that balance. The strength meter is necessary to give the trades we enter into the highest probability of success.
For those using our aggressive algorithms; you may have seen an entry. However, nothing was available trading conservatively.
See you guys tomorrow.
Jan 05, 2009 @ 12:17 pm
Emerson Duhart
No trades today on conservative trading. However, aggressive version 2 that does not take the weakness of the currency that we are trading against; in the case of today “The Dollar” never made it to 3.0 until the end of our trading session.
For those that called me interested at what price the aggressive version 2 would have taken an entry; it was at 1.4755 (buy).
Also Note: For those of you just starting out; please don’t worry that you missed an aggressive trade as you should not be trading any aggressive strategies until you have a 20% surplus on your account.
We will hit at least a 20% account gain this month with just conservative trading; so don’t worry and be patient while the system does its work.
Jan 06, 2009 @ 1:32 pm
Emerson Duhart
Ok, this is the 2nd conservative entry for the day; I would watch it carefully and take pips early on this one manually.
Jan 07, 2009 @ 9:44 am
Emerson Duhart
For those in the managed account program; I needed to disable trading as the first 30+ pip trade was missed due to a technical error. However, for those that own a copy of the software you should have gotten the trade.
Jan 07, 2009 @ 9:48 am
Emerson Duhart
Ok trade is in profit now; remember to take profits as soon as you can. But turn the EA off before you do.
Jan 07, 2009 @ 9:51 am
Emerson Duhart
The price between the entry and the 10AM candle on the 2nd trade at the price of 1.5104 went to 1.5137 at its peak. So there should have been plenty of time for you guys to close out with a profit. Good Job!
Jan 07, 2009 @ 10:18 am
Emerson Duhart
It may continue for more profit; but a bird in the hand is worth more that 2 in the bush. After you have exited turn the EA off then back on after 12PM EST.
Jan 07, 2009 @ 10:20 am
Emerson Duhart
Well, we are in a conservative trade now; however, it is not looking too strong after entry.
Jan 08, 2009 @ 8:47 am
Emerson Duhart
This is the week of Non-Farm Payroll (NFP) news announcement. It was delayed this Friday because of the previous holidays. Remember, we will not be trading tomorrow.
Jan 08, 2009 @ 8:49 am
Emerson Duhart
Seems like this trade is trying to recover a little bit; lets hope the M1 blocks can stay green.
Jan 08, 2009 @ 8:50 am
Emerson Duhart
I will be taking profits soon if I can on this trade.
Jan 08, 2009 @ 8:52 am
Emerson Duhart
im getting out with 15-20 pips
Jan 08, 2009 @ 8:54 am
Emerson Duhart
Ok, all people that are on my managed account server got 17 pips from that.
Jan 08, 2009 @ 8:56 am
Emerson Duhart
This trade makes me nervous because the price was way above the dotted white line already. But not only that Unemployment Claims came in good for the US Dollar not making it easy for the GBP to rise more.
I may be wrong; I have been before and it may keep going. But, I don’t want to take the chance.
Jan 08, 2009 @ 9:01 am
Emerson Duhart
Remember, whenever we exit a trade manually we need to turn off the EA first.
Jan 08, 2009 @ 9:32 am
Emerson Duhart
Do not turn it on again until Sunday (1/11/09) night 7PM EST; as we will not be trading tomorrow because that is the day the Non Farm Payroll report comes out.
Jan 08, 2009 @ 9:34 am
haroldmiller
looks like you are keeping the loses down and the profits up. Good job. Keep up the good work . Looking forward to a good week. Harod
Emerson Duhart
Reply:
January 12th, 2009 at 8:03 am
@haroldmiller,
Thanks
Jan 11, 2009 @ 11:22 pm
Emerson Duhart
Looks like we made some more money this morning; good job everyone!
Jan 12, 2009 @ 8:36 am
Emerson Duhart
Ok, we are in another conservative trade; I would take profits early on this one. But, remember to turn the EA off first.
Jan 12, 2009 @ 9:20 am
Emerson Duhart
Go for about 5 pips or a little more; I took 8 additional on this one; It, may continue down further. But again as I always said I am a little more cautious with managed accounts.
Jan 12, 2009 @ 9:26 am
Emerson Duhart
Ok, people lets shut the EA down until 1:00PM; we live again to trade another day. Good Job!
Jan 12, 2009 @ 9:34 am
aloha1
positive pips today. Yea!!!
Emerson Duhart
Reply:
January 12th, 2009 at 12:46 pm
@aloha1,
indeed my friend
Jan 12, 2009 @ 12:45 pm
Emerson Duhart
Looks like we had a hard time in the market this morning; the entry positions and the market direction chosen was spot on. But the exit signals force us out of the trades while the price kept jumping on the 2AM, 3AM and 4AM 1 hour candle.
We could look at this and say; we should have just stayed in. But, the system is designed to exit trades in a way to try an prevent single trade losses of more that 40 pips.
PLEASE NOTE: Historically, January-February are the toughest months of the year in Forex. So, hang tight; nobody likes losing trades but we all understand that it is an unavoidable part of the game.
Jan 13, 2009 @ 7:59 am
Emerson Duhart
Today feels like more of the same risky trading; I would suggest for those that are not 20% surplus on their account yet; turn off your EA’s then turn them back on at 1PM EST.
Jan 13, 2009 @ 8:33 am
Emerson Duhart
Price action is jumping up and down in large gaps.
Jan 13, 2009 @ 8:33 am
ckemp20
Are you up and running right now?
Emerson Duhart
Reply:
January 13th, 2009 at 9:51 am
@ckemp20,
Yes, indeed we are.
Jan 13, 2009 @ 9:21 am
Emerson Duhart
Pretty quite and boring trading today; however, when I first started trading and was being mentored. I was told that “If you are bored while trading; that means you are doing something right”.
What this essentially means, is that we need to be patient and wait for the right opportunities/market patterns that have shown us a high probability of success and “only” take those trades.
As, I said a couple of days ago; historically, January-February are the toughest months of the year in Forex. But, we will get through it on a positive note together.
Jan 15, 2009 @ 9:22 am
Emerson Duhart
Price is currently extended past the first red dotted fib/pivot line. Not the optimal positioning for an entry.
Jan 15, 2009 @ 9:36 am
ivon
Good morning Emerson. Happy New Year. Looking foreward to a good year in 2009. Ivon
Emerson Duhart
Reply:
January 15th, 2009 at 9:57 am
@ivon,
Good morning, Happy New Year to you as well; I am looking forward to this year as well.
Jan 15, 2009 @ 9:45 am
Emerson Duhart
TIP:
Entries past the last fib/pivot line are not recommended; however, if you are more risk adverse you can continue; but, if you want to be more conservative turn EA off until price closes back between the dotted white line.
Jan 15, 2009 @ 10:02 am
Emerson Duhart
No trades yet this morning; the major movement happened in the Asian session so we were left with nothing but continuation movements this session going long.
The system tries to avoid continuation trades.
Jan 16, 2009 @ 9:23 am
Emerson Duhart
Bank Holiday: Martin Luther King Jr.
No Trading
Jan 19, 2009 @ 3:03 am
Emerson Duhart
Amazing trading this morning; picture perfect. 1 winner and 1 loser. The winner made 125 pips and the loser lost 30. Therefore, we netted 95 pip on the managed accounts. Great job everyone!
Jan 20, 2009 @ 8:04 am
Emerson Duhart
Recommendation: turn off the EA until 1:00PM EST.
Jan 20, 2009 @ 8:05 am
Emerson Duhart
Looks like we had one of those riskier trades that started below the first dotted red line; however, this time we were not able to avoid it like the one last week trading automated.
Jan 21, 2009 @ 8:25 am
Emerson Duhart
It looks like it is trying to make another breakout short however, I do not want to get into another trade so late in the session after having a losing trade. It may not break the dotted white line; but I don’t want to stick around to find out. Therefore, I recommend turning off the EA until 1PM EST.
Jan 21, 2009 @ 10:46 am
Emerson Duhart
Slow day; but a tremendous amount of news today. However, most of it was bad for the dollar. The technical are trying to point short during the last leg of our trading session (only 2 hours left); which makes me a little nervous because I feel that a short entry will be competing with all the negative news today for the dollar.
Recommendation: To avoid any short entries turn off the EA until 1PM EST
Jan 22, 2009 @ 10:07 am
Emerson Duhart
If you did not avoid this short trade; take profits early. But make sure you turn the EA off first.
Jan 22, 2009 @ 10:08 am
Emerson Duhart
The official entry would be at 1.3707 and the price went down to 1.3687 so there was enough room to take quick profits on this candle if you were not able to avoid the trade altogether.
Jan 22, 2009 @ 10:16 am
Emerson Duhart
Excellent trading today; 3 trades.
loser: 35 pips
loser: 5 pips
winner: 102 pips
We gained about 10%-12% this week!!!! Yeah Baby!
Turn off your EA’s and I’ll see you Monday!
Jan 23, 2009 @ 9:43 am
ivon
Thanks Emerson. Nice trade today. Ivon
Emerson Duhart
Reply:
January 26th, 2009 at 9:05 am
@ivon,
Indeed it was; and your welcome
Jan 23, 2009 @ 11:50 am
Emerson Duhart
Quite day again today; no trades. Remember, a pip saved is a pip earned.
Jan 27, 2009 @ 12:01 pm
Emerson Duhart
2 failed attempts to go long today; I will be turning of the EA and wait to trade again tomorrow.
Jan 28, 2009 @ 9:07 am
Emerson Duhart
The 2 days I don’t like to trade are:
1. Non Farm Payroll Report Day
2. FOMC Statement Day
Today, just so happens to be FOMC (interest rates statement). Taking a chance to trade today turned out to not be the best idea.
Oh well, we are still slightly up for this month; so that is what counts. We just need to keep our heads above water in January/February (toughest trading month); then its normally smooth sailing after that.
Jan 28, 2009 @ 9:22 am
ivon
Have a good weekend Emerson. Thanks.
Emerson Duhart
Reply:
January 30th, 2009 at 1:42 pm
@ivon,
Thank you; you to.
Jan 30, 2009 @ 12:01 pm
Emerson Duhart
Good morning; the market has been pretty flat all day until now; however, we have a clear breakout of the dotted white line. But, it is above the first dotted green line which makes me uncomfortable entering here.
I would suggest turning the EA off to avoid an entry this high.
Feb 03, 2009 @ 9:22 am
Emerson Duhart
It seems the only criteria that was missing on the dotted white line breach was the MACD RSC 3MA and the Trend Print.
Feb 03, 2009 @ 9:25 am
Emerson Duhart
If you didn’t follow my recommendation then there is an entry trigger to go long at 1.4344. Good Luck.
Feb 03, 2009 @ 9:29 am
Emerson Duhart
If you guys are still in this trade I would take profit now. But, make sure that the EA is turned off first. The news came out good for the Dollar so it is not supporting this long movement and it may retrace. If you did not follow my earlier recommendation; then now would be a good time to take profits. Turn EA back on at 1:00PM EST
Feb 03, 2009 @ 10:07 am
sjncsh
Emerson I am in another trade I should close
Emerson Duhart
Reply:
February 3rd, 2009 at 10:32 am
@sjncsh,
Yes, I already said that the trades should be closed. You should have gotten at least 40-50 pips on that one.
Feb 03, 2009 @ 10:18 am
Emerson Duhart
I really hope you guys are paying attention to this live performance blog; but if you have not, there is another opportunity here to take profits if you have not turned of your EA as recommended.
Feb 03, 2009 @ 11:14 am
Emerson Duhart
The opportunity still stand to take a nice profit here. Congrats to all that made some money; see ya tomorrow!
Feb 03, 2009 @ 11:29 am
Emerson Duhart
Looks like another attempt for a long entry with fast price movement going long; strange because the last news was good for the dollar and the ISM Non-Manufacturing PMI doesn’t come out until 10:00AM.
This price movement puts us above the first dotted green line again; which is dangerous territory for an entry to be triggered. I will turn off the EA until price drops back between the dotted white lines and closes.
This week is non-farm payroll week; so a lot of the market movement will not make since when looking at the fundamentals.
Feb 04, 2009 @ 8:59 am
Emerson Duhart
Ok there was an entry triggered as I suspected; if you did not take my above recommendation then take some quick profits on this trade. The entry was at 1.4553; so there is up to 20 pips.
Feb 04, 2009 @ 10:17 am
Emerson Duhart
Looks like we lost 25 pips this morning. This is what can happen when trades are taken that are over extended to far past the dotted white line.
The week of the Non-Farm Payroll report always has crazy movements.
Feb 05, 2009 @ 8:05 am
Emerson Duhart
No trading today; as today the Non-Farm Payroll report comes in.
Feb 06, 2009 @ 1:04 am
Emerson Duhart
Good trading this morning; even though we had one losing trade for 11 pips we quickly recovered with a winning trade for 41 pips.
Feb 09, 2009 @ 9:07 am
Emerson Duhart
We have noting else driving the market today; therefore, if you are following my conservative tips; I would recommend turning the EA off now until 1PM because, as the market has already moved a considerable amount this session.
Feb 09, 2009 @ 9:10 am
Emerson Duhart
If anyone is wondering why we missed this short signal; the explanation is simple. The first breakout signal was on the 8AM candle. However, entry timing was off; therefore, we avoided the trade.
This was a good decision at the time for the software because as you can see the 9AM candle retraced; which would have caused a loss if a trade was entered on the 8Am candle.
The 9AM candle also had inconsistent movement up and down. However, disregarding the quality of the movement downward; it still moved down. But, any entries on the 8AM, 9AM or 10AM candles would have resulted in a loss unless you were willing to go 50 or more pips in the whole before it continued.
The price action never retraced enough to reset the entry timing indicator; which tells the system that the trade we are entering is not a continuation trade but a fresh breakout.
I sure hate to miss these short pips; but the protections we enjoy as conservative traders are a necessary evil if we want to win more and stay in the black.
Feb 10, 2009 @ 11:48 am
Emerson Duhart
The trade balance was bad today for the Dollar; however, our technicals are hinting for a short. Also, there are a lot of speakers today; to avoid any problems I recommend turning off the EA until 1PM EST.
Feb 11, 2009 @ 10:03 am
Emerson Duhart
Not a very good trading session overnight; unfortunately there were the dreaded entries beyond the dotted red lines.
These are the trades (when I am monitoring); I try to keep us away from. However, no luck with that in the European session which resulted in us recording a small loss of about 40+ pips.
Feb 12, 2009 @ 8:07 am
Emerson Duhart
Also, I just want to repeat again; January and February are historically tough trading months for the GBPUSD. After, we weather this storm things generally pick up again in March.
I know some of you have opted to stop trading now and continue in March and those that are still trading are following my recommendations and staying moderately profitable.
Please be advised; if you have not done so already and need some tips for handling these markets at this time please feel free to call me at 646-827-9212.
Feb 12, 2009 @ 8:43 am
Emerson Duhart
There has been crazy erratic movement in the market today; the market has abruptly gone short. I recommend turning off the EA until 1PM
Feb 13, 2009 @ 9:03 am
Emerson Duhart
No trading today as it is a Holiday (President’s Day)
Feb 16, 2009 @ 11:19 am
Emerson Duhart
Slow week so far; well, during these tough months. I prefer no trades then a losing one. Maybe the market will go in our favor tomorrow.
Can’t wait for March
Feb 19, 2009 @ 11:48 am
Emerson Duhart
There was an aggressive trade activated; I would take the quick 20 pips on this one and close out the EA.
Short Entry Price: 1.4455
Price is now down to 1.4412 so there is more than enough room to take 20-30 pips being safe.
Again, as I said before Jan-Feb are normally strange months to trade the GBP/USD conservatively.
Feb 24, 2009 @ 9:31 am
Emerson Duhart
Wow, it seems only aggressive trading is prevailing; but, as I have been saying since January. Jan-Feb are strange month’s to trade conservatively. However, those that I have given one-on-one consultation to showing them:
1. How to avoid over extended trades (trades that start beyond the dotted green line or dotted red line)
or
2. Or, how to trade the indicators aggressively if you didn’t want to wait for the market sentiment to return back to normal.
I am again extending the invitation; if anyone wants to learn through a one-on-one consultation how to avoid certain trades or to trade aggressively then please call me at 646-827-9212. It’s Free.
Feb 27, 2009 @ 10:54 am
Emerson Duhart
Nice way to begin the first trading day of the month; with a 46 pip trade. Maybe this is a sign of the market conditions turning in favor of our conservative strategy.
Entry: 1.4132
Exit: 1.4086
Mar 02, 2009 @ 9:18 am
mrnalchn
This pair seems to be in a flat, non trending pattern, for two days. If this were a ‘personal’ live managed account, then other ‘trending pairs’, (what they are) would be traded (automatically)or would not be traded?????
Emerson Duhart
Reply:
March 3rd, 2009 at 12:16 pm
@mrnalchn,
Good observation; although we did have a trade yesterday. Even though other member trade other pairs; I only focus on the GBPUSD. Therefore, if there is no trading opportunity for the GBPUSD; I do not trade that day. As for managed accounts; we only trade the GBPUSD.
Mar 03, 2009 @ 12:12 pm
ivon
Good morning Emerson. What is the plan for March re conservative trades? Was the 46 pip on the aggessive chart? Thank you.
Emerson Duhart
Reply:
March 4th, 2009 at 10:51 am
@ivon,
Good morning Ivon; Well, as history has taught us we will begin to see more successful trades this month through September. Hopefully, all the turmoil in the market will not have too much of an adverse affect on our progression. And, yes; the 46 pip trade was a conservative one.
Mar 04, 2009 @ 10:47 am
Emerson Duhart
Trading Update: Tomorrow is Non-Farm Payroll day; therefore we will not be trading.
Software Update: There has been a recent update to the software. If you are on managed accounts your update was automatic; if you own a stand-alone copy then you will need the new files to replace the old ones.
Call me for instructions: 646-827-9212
Mar 05, 2009 @ 8:55 am
Emerson Duhart
Ok, we had one winner and one loser today; if you are trading aggressive and are in the current trade now. I would recommend you taking 15 pips early on this trade.
Entry: 1.3763
Mar 09, 2009 @ 8:23 am
Emerson Duhart
test
Mar 12, 2009 @ 8:01 am
Emerson Duhart
tet test
Mar 12, 2009 @ 8:02 am
Emerson Duhart
I would be cautious with a potential short entry at this point only because the Unemployment Claims came in bad for the dollar.
Mar 12, 2009 @ 9:52 am
Emerson Duhart
Unemployment Claims:
The number of individuals who filed for unemployement insurance during the past week.
Mar 12, 2009 @ 9:55 am
Emerson Duhart
If you took the aggressive entry at 1.3721 I would get out early for 15-20 pips.
Mar 12, 2009 @ 9:56 am
Emerson Duhart
The price has gone down to 1.3698 so there was enough room.
Mar 12, 2009 @ 9:57 am
Emerson Duhart
Looks like I was correct to be cautious on this short as it is retracing already.
Mar 12, 2009 @ 10:09 am
Emerson Duhart
Good morning; I wanted to discuss the entry signals that happen this morning and why you should not take entries like this. I have explained it before but I feel that it is appropriate to mention it again.
When the price is above the first or second dotted green line or below the first or second dotted red line then these trade will have the lowest probability of success.
The best signal for us would be when the trade is triggered between the dotted white line and the first dotted green line for a long trade.
or
When the trade is triggered between the dotted white line and the first dotted red line for a short trade.
Mar 13, 2009 @ 7:41 am
Emerson Duhart
Good morning; apparently there has been an aggressive trade (short) triggered at 1.4022. There has been many opportunities to get out of the trade with 40-50 pips. I recommend taking profits now. However, if you waited for the auto trade to take you out; then, you would have 32 pips as the exit was 1.3990.
Mar 17, 2009 @ 8:32 am
Emerson Duhart
Excellent trading this morning…So far over 90 pips.
Mar 19, 2009 @ 8:06 am
Emerson Duhart
Nice! 2 trades totaling 125 pips!
TRADE #1: BUY
Entry: 1.4330 Exit: 1.4345 (15 pips)
TRADE #2: BUY
Entry: 1.4361 Exit: 1.4471 (110 pips)
I will be closing trading for the day
Mar 19, 2009 @ 8:42 am
Emerson Duhart
The reason why I am shutting down trading for now is because it will try to enter another trade too over extended; as the price has not had a chance to recycle yet. It’s precautionary as I do not expect the GBP to gain that much more strength. I may be wrong; but I would much rather take my 125 pips and run!
Mar 19, 2009 @ 8:48 am
Emerson Duhart
Good morning; seems we had a good and bad trade this morning. However, we are still up 17 pips for the day so far.
Mar 23, 2009 @ 8:33 am
Emerson Duhart
Recommendation: Stop trading for the day; price has retraced to extremes and I do not feel comfortable entering the market at this point.
Mar 23, 2009 @ 10:47 am
Emerson Duhart
Market is flat today after the big move in the Asian session. We had to endure a small loss in pips.
Mar 24, 2009 @ 9:04 am
Emerson Duhart
Ok, we have entered a short trade at extremes; I do not feel too comfortable with this trade only because it is at the extreme end of the dotted lines. I recommend taking profits early on this one.
Mar 26, 2009 @ 10:19 am
Emerson Duhart
Entry Price was at 1.4501 and the price has already gone down to 1.4482 (at the moment of this writing). Therefore, there was room to make a profit. In managed accounts I closed out for a quick 8 pips and am quitting for the day.
Mar 26, 2009 @ 10:23 am
Emerson Duhart
Looks like we came back in the channel and are now at extremes again; I am taking the necessary precautions on managed account. I advise you to do the same.
Apr 01, 2009 @ 9:57 am
Emerson Duhart
WOW, EXCELLENT TRADING THIS MORNING. 89 pips in 3 trades. Shutting down for the rest of the day; Good job everyone!
Apr 02, 2009 @ 7:28 am
Emerson Duhart
Today is Non-Farm Payroll day. No trading.
Apr 03, 2009 @ 8:36 am
Emerson Duhart
GBPUSD trading at extremes on a sudden move after 8:30AM. To be cautious; I will not be trading in this region.
Apr 06, 2009 @ 9:21 am
Emerson Duhart
It’s a shame that we could not participate in this trade; but, the move was sudden after the CAD building permits was released. By the time the indicators started to line up the price action was already below the first dotted red line (threshold).
Apr 06, 2009 @ 12:05 pm
Emerson Duhart
Price action entering into another extreme without indicator support. Looks like we are going to have to sit this one out.
Apr 07, 2009 @ 10:36 am
Emerson Duhart
Sideways market for most of the session; now the price action is in the extremes without full agreement. Caution implemented.
Apr 08, 2009 @ 8:36 am
Emerson Duhart
Just got into a quick short at extremes; it was risky but I took the chance and took a quick 13 pips. Don’t stay in this much longer than 10 pips.
Apr 09, 2009 @ 11:30 am
Emerson Duhart
Looks like it was a good call on my part to exit that one early.
Apr 09, 2009 @ 12:00 pm
Emerson Duhart
Tomorrow is Good Friday; therefore there will be no trading on managed accounts. See ya Monday! Have a great weekend!
Apr 09, 2009 @ 10:38 pm
Emerson Duhart
Looks like we got caught in a sideways market condition today; 2 small losing trades as a result.
Apr 14, 2009 @ 8:02 am
caspermikkelsen
What happened to the web site? price have been frozen at 1.4470 for almost 1 hour?
Apr 20, 2009 @ 6:57 am
Emerson Duhart
Apologies for the server lockup this morning; however, everything has been fixed. We had a small loss this morning at 13 pips; but, 1 hour later we got into another short trade for 117 pips. Not a bad way to start the week. Shutting down for the day.
Apr 20, 2009 @ 8:39 am
caspermikkelsen
No worries. Congratulation with the win today.
Emerson Duhart
Reply:
April 20th, 2009 at 9:29 am
@caspermikkelsen,
Thank You
Apr 20, 2009 @ 9:19 am
Emerson Duhart
Decided to take a small profit early on this short trade; I don’t really trust that it will go down much further after such an extreme movement on the 8:00AM candle. I am done for the day.
Apr 22, 2009 @ 9:21 am
Emerson Duhart
Price is over extended; I don’t recommend any long entries at this level. Have a great weekend.
Apr 24, 2009 @ 9:20 am
Emerson Duhart
Unexpected pricing spike; managed accounts protected. No long recommendation at this level.
Apr 27, 2009 @ 10:50 am
Emerson Duhart
2 nice trades today. One for 28 pips and the other for 20 pips. Shutting down for the day; congratulations to everyone.
Apr 30, 2009 @ 8:08 am
Emerson Duhart
Currently levels are too far beyond the dotted white line for a conservative trade; caution recommended.
May 04, 2009 @ 10:07 am
Emerson Duhart
Performing software maintenance/upgrade today. We will be back online tomorrow.
May 05, 2009 @ 8:29 am
Emerson Duhart
As you know there was no trading today; as it is Non Farm payroll day.
May 08, 2009 @ 12:09 pm
Emerson Duhart
Good trading today; 2 winner and 1 loser.
Trade 1: +16 pips
Trade 2: +33 pips
Trade 3: -12 pips
Good Job.
May 12, 2009 @ 8:33 am
Emerson Duhart
Got shaken out of a long trade early in the session for a loss of 27 pips.
May 13, 2009 @ 8:40 am
Emerson Duhart
Ran into some trouble with today’s long trade; this is a perfect example of why sometimes it is a good idea to not take trade that are beyond the threshold. In this case it was the green dotted line.
Watch the training videos for more information on this.
Have a good weekend!
http://liveperformance.positivepips.com/?p=183
May 15, 2009 @ 9:49 am
Emerson Duhart
Wild trading today; was able to come out on top when the dust settled with 20+ pips. We are done for the day.
May 19, 2009 @ 10:33 am
Emerson Duhart
I am not in this trade now as it is extremely aggressive. However, those that are in it; it is currently in profit and I recommend closing the trade out now to take profits and stop trading for the day.
Congrats!
May 20, 2009 @ 11:26 am
Emerson Duhart
Decided to take 33 pips fast on this trade and stop trading for the day; good job guys!
May 21, 2009 @ 12:49 pm
Emerson Duhart
Nice trading today; 96 pips. Shutting down until tomorrow.
Jun 01, 2009 @ 8:33 am
Emerson Duhart
Market a bit uneasy today; shutting down trading for the rest of the day.
Jun 02, 2009 @ 9:47 am
Emerson Duhart
If you did not take my recommendation to stop trading today; you would have entered long at 1.6528. You have a small window of opportunity to take at least 20 pips now. I would suggest you do it and stop trading for the rest of the day.
Jun 02, 2009 @ 10:48 am
caspermikkelsen
Wow what happened today with the EA?
Emerson Duhart
Reply:
June 10th, 2009 at 8:10 am
@caspermikkelsen, 4 attempts to go long today that failed to succeed which resulted in a large loss today. Basically, giving back any gains from the last 3 weeks.
It is very rare to have such a bad trading session; however, if all the right signals line up, then sometime it is not avoidable.
Jun 10, 2009 @ 7:57 am
Emerson Duhart
The way the market has been this week; I am going to take 14-16 pips on this trade and close out for the rest of the day.
Jun 11, 2009 @ 10:17 am
Emerson Duhart
If you still happen to be in the trade; now would be a great time to exit are it is now about 36 pips in profit.
Jun 11, 2009 @ 10:42 am
Emerson Duhart
Of you didn’t follow my recommendation to stop trading after the last trade and you are in this long trade currently; it is now in profit. I recommend closing it out and stop trading for the day.
Jun 11, 2009 @ 11:58 am
Emerson Duhart
Closing this trade out at 14 pips; have a good weekend.
Jun 19, 2009 @ 12:14 pm
Emerson Duhart
Good trading today; 70 pips. See ya tomorrow
Jun 24, 2009 @ 7:10 am
Emerson Duhart
NOTICE:
PostivePips, will no longer be selling software by request of it’s users in order to prevent saturation of the strategies used. As this will be the last post and live update; I would like to say that if you are interested in managed accounts using the strategies described in:
http://liveperformance.positivepips.com/?p=183
Please email me at: support@positivepips.com
Jul 06, 2009 @ 2:15 pm