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Hello Friends,
Here are the free forex signals for today: 1. Oz Special: None 2. Daily Signal: GBP/USD - Short EUR/CHF - Long 3. AES Signal: None Entry price is as per ODL / Interbank FX Demo MT4. For TP and SL please read here. |
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Hello Friends,
We had an excellent week with a total of +1950 Pips and we still have 5 trades running in profit. Later in the weekend I’ll send a summary of all trades for the month of May. Below is an update of most recent trades (for complete list please see my previous “Trade Update” posts) 1. Daily Signal: USD/JPY - Long: Third lot closed at +150. EUR/USD - Short: Third lot closed at +150. USD/CHF - Long: Third lot closed at +150. AUD/JPY - Long: Fourth lot closed at +200. GBP/USD - Short: First lot closed at +50. Rest of the lots closed at BE. EUR/CHF - Long: Currently at -82 2. AES Signal: EUR/CAD - Short: Fourth lot closed at +200. EUR/USD - Short: Fourth lot closed at +200. Last lot closed at BE. Cheers, OzFx |
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Hello Friends,
Hope you all had a great weekend. I am going to wait and see how market develops today and would refrain from taking any new positions. Last month we had an excellent run and later today I'll send an summary of those trades. Please also note that there will be a special announcement regarding the signals tomorrow, so do make sure that you read the email. Also note that there is holiday today in New Zealand, however if won't not affect the market that much in case if you decide to place trades. Enjoy your day ![]() Oz |
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Hello Friends,
We had an outstanding month with +2980 Pips in the month of May. There were total 32 trades out of which 27 were winners. Here is the breakdown per signal type. 1. Daily signals: 15 wins out of 16. 2. Oz Special: 7 wins out of 9 3. AES Signals: 5 wins out of 7 You can download the detailed spreadsheet here. Cheers, Oz |
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Hello Friends,
We had an outstanding month with +2980 Pips in the month of May. There were total 32 trades out of which 27 were winners. Here is the breakdown per signal type. 1. Daily signals: 15 wins out of 16. 2. Oz Special: 7 wins out of 9 3. AES Signals: 5 wins out of 7 You can download the detailed spreadsheet here. Cheers, Oz |
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Interesting development. I only got around to reading this entire thread about a week ago, so I know that OzFX never once mentioned that he intended this to eventually be a paid-for service. It was also posted by someone that he seemed reluctant to post the losing trades. So even though his signals have been very profitable lately, the "basic system" has been shown from backtests to be at best, break-even over time...
I can understand that his free-service may have become a major chore, both in terms of time and costs, but having always promoted this system along the lines of "10-minutes-a-day trading", then deciding to charge almost $3,000 p.a for the service, smacks of more than just a little opportunism... Hell, Igor charges a fraction of this and by all accounts (I am not a member) really works for it, both in terms of time-spent and overall profit - but OzFX seems to feel justified in charging more then 3 times as much for signals that take at most 10 minutes a day to decide!!!... ![]() |
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Performance
omellete,
You might be wrong if you think Igor’s concept could work. Recently, I got an Excel file reporting the virtual pips for the newest (BS)-creation showing about 110 trades monthly for the eurusd. This is a 2.5-3 or maybe less (after slippage and commission costs) pip profit per trade and low win ratio. This kind of concepts is in the long run in best case only in paper trading profitable. Those newbies thinking they might work in real trading, I suppose they waste their time. Maybe you got the impression it could work, bz of all these Igor’s virtual paper print screen virtual pips, which is only a selection and by no means the full story. To be profitable in real trading you need to be very selective with entries. Everything showing more than around 6-12 trades monthly per pair is most probably a scam candidate. It has been obvious just from the beginning that both providers are scamming. With a little bit experience you need only few minutes to know that OZFx has never a chance to work in the long run and in case it coincidentally works, then the R/R ratios are terrible. It’s a very high risk concept and thus the reward/risk ratios are terrible. |
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LinkBack to this Thread: http://www.forex-tsd.com/suggestions-trading-systems/12175-ozfx-system-100-800-pips-per-trade.html
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| Posted By | For | Type | Date | |
| Zobacz temat - OzFX Squeeze-More Strategy - do wydruku | Post #214 | Refback | 07-13-2008 07:07 PM | |
| OzFx System:) - Page 633 | This thread | Refback | 06-22-2008 07:54 PM | |
| OzFx System:) - Page 633 | This thread | Refback | 06-04-2008 12:31 AM | |
| OzFx System:) - Page 290 | This thread | Refback | 03-07-2008 10:24 AM | |
| OzFx System:) - Page 290 | This thread | Refback | 03-07-2008 05:37 AM | |
| OzFx System:) - Page 290 | This thread | Refback | 03-05-2008 05:04 AM | |
| OzFx System:) - Page 290 | This thread | Refback | 03-05-2008 04:10 AM | |
| OzFx System:) - Page 290 | This thread | Refback | 03-05-2008 03:54 AM | |
| OzFx System:) - Page 290 | This thread | Refback | 03-05-2008 03:52 AM | |
| FX-Review :: View topic - ozfx | This thread | Refback | 02-21-2008 03:53 AM | |
| FX-Review :: View topic - ozfx | This thread | Refback | 02-20-2008 03:44 PM | |
| FX-Review :: View topic - ozfx | This thread | Refback | 02-20-2008 03:57 AM | |
| FX-Review :: View topic - ozfx | This thread | Refback | 02-19-2008 06:41 AM | |
| FX-Review :: View topic - ozfx | This thread | Refback | 02-18-2008 08:03 PM | |
| OzFx System :) 100-800 Pips Per Trade | This thread | Trackback | 02-08-2008 02:46 PM | |
| OzFx System :) 100-800 Pips Per Trade | This thread | Pingback | 02-04-2008 07:23 AM | |
| World of Forex Trading » OzFx System :) 100-800 Pips Per Trade | This thread | Pingback | 02-04-2008 06:48 AM | |
| OzFx System :) 100-800 Pips Per Trade | This thread | Trackback | 02-04-2008 06:46 AM | |
| Technorati: Discussion about “OzFx System :) 100-800 Pips Per Trade” | This thread | Refback | 02-04-2008 05:56 AM | |
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