Lien Schlossberg Trade Missed

January 3, 2007 by Trader Rich 

The Lien Schlossberg service sent me out a trade alert at 8:19 this morning to go long on the EUR/USD but I wasn't ready for the trade so I missed it.  It hit its first target shortly thereafter for +19 and they are still in the trade with the second lot at a profit target of 1.3282.  

Let me state for the record that although I do allow forex companies to advertise on this site, they don't have any say in what I do or write.  I am not influenced by them to promote their product nor will I ever hold back from giving an honest opinion on their product if the subject did arise.  I just wanted to clear this up because a trader that I have respect for made an accusation that I was censoring comments.  They felt like I had a vested interest in this company and therefore was not approving comments because of this.  I can assure you that this is not true.   I cannot be paid to compromise my integrity.  Either way, I don't take offense to his comments because if you look for forex information anywhere on the web, you usually find scams and ulterior motives.  Believe what you want but my goal for this website has and always will be to promote my trading and in the process yours.

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Comments

2 Responses to “Lien Schlossberg Trade Missed”

  1. dfstone on January 3rd, 2007 12:37 pm

    Bet you’re glad you took a pass on this one!

    That spike in price @ 8:19 is driven by news, by the time you read the email, put in the trade, you’d probably be buying at the high of the US session and hopefully didn’t use a wide s/l (and ready to strangle BK)

  2. Rich on January 4th, 2007 1:01 pm

    True. They were obviously stopped out on the second lot. I don’t even know if I would have had an opportunity to get in at the price they stated…

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