Forex Signal Services Are A lot Of Work
January 15, 2007 by Trader Rich
The Lien Schlossberg signal service I've been using in addition to my own trading signals kept me very busy last week. As I've said before, they don't send out signals that allow you to place a limit order. All of their signals require a market order and if you aren't sitting in front of your computer with your platform open, you may miss the entry. I was still able to enter a trade for every one of their signals with minimal slippage. They didn't have a great week though, losing 91 pips.
I lost only 12 pips using my own signals. I had a decent trade on Friday that captured 78 pips. It was a good trade because I did not violate my rules like I had in the past. After I entered into a 3 lot GBP/USD position, my positions fluctuated from profit to loss. I was not once tempted to exit before my targets were hit. I may be able to attribute this to the confidence I have in my system. Over the past 5 months, my h-system has been profitable by 900 pips. http://www.forexproject.com/H_Trading_System/
Halfway through the month of January, I'm up 127 pips. I'm still shooting for 5 straight months of profitability.
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