we have 2 ways to trade our signals. both can be profitable!
RECOMENDED METHOD 1
Buy/Sell
Entry Point or Entry Rate
Multiple Target Profits 1,2 and 3
Stop Loss
Remember there is a difference between signals and alerts.
Signals are orders to be set in your trading platform for future execution (not at market price)
Alerts are orders to be executed as fast as possible (at market price) due to a big move in the market we provide both based on technical and fundamental analysis as follows:
1.-We will send a signal/alert to your email, messenger system and cellphone
(if you set up one with us)
2.-the Suggested Order as signal will Indicate what to execute: BUY OR SELL
3.-The suggested order as signal will have a Entry Point or Entry Rate that we consider a solid price to execute the order.
4.-The suggested order as signal will include 3 different Target Profits (rates at which to close the positions in partially or totally to take your profit)
5.-The suggested order as signal will include also a stop loss marker to reduce the possibility of loss in case a trade goes against the suggested alert.First Identify whats your trading style (scalping, swing, day trader...etc) and then take a look to our recommended trades.
6.- The suggested order as an alert will only indicate to buy or sell at market price and WON'T have stop loss or target profits alerts are sent in high volatility markets like an interest rate announcement, the Non Farm Payroll announcement a terrorist attack etc. since is a fast move but very profitable an alert will tell you to buy or sell and you can take profit at your own discretion.
For Traders with not enough time to spend in the trading platform set only stop loss, entry order and target profit number 1 or 2 (depending the level of risk you want to asume. (example a medium point between target number 1 and 2) according our suggested trade.(this way you wont need to trail stops and change orders rates.) Do not enter the market before the suggested price this can incurr in a bigger profit but also in a bigger loss.
If you have enough time to follow the trade then we are recommending the use of multiple Targets IF you trade more than 1 lot or minilots! Why settle for less?
The suggested order will include also a stop loss marker to reduce the possibility of loss in case a trade goes against the suggested alert.First Identify whats your trading style (scalping, swing, day trader...etc) and then take a look to our recommended trades.
example:
*BUY* USDJPY AT 117.73
1st TARGET PROFIT- AT 117.93
(FOR SCALPING Trading and traders with no time, around 9 pips and Up profit goals)
2nd TARGET PROFIT- AT 118.00
(FOR DAY TRADING mostly NY or Europe session around 25 pips profit goals)
3rd TARGET PROFIT- AT 118.11
(FOR SWING TRADING for traders who can follow the whole trade and trail stops reaching average of 45 pips and up)
STOP LOSS AT 117.35 (around -18 to -36)
Now if in this example you close this position of 5 lots once with the first target profit you will have gained 20 pips meaning $1,000.00 BUT...
If you execute this hypothetical order with 5 lots or minilots you can decide if you want to close them all when this order reaches the first target profit or do it partially or in phases to achieve more pips...
For example:
closing 2 lots or minilots from this position at 117.93 you will have reached 20 pips
closing 2 more lots or minilots at 118.00 you will have reached 27pips
and closing the last lot or minilot at 118.11 you will have reached 38 pips.
In this case IF you make your math and considering standard lots and 100:1 leverage where value per pip is $10 you have the following results:
2 lots with 20 pips = $400
2 lots with 27 pips = $540
1 lot with 38 pips = $380 you have a total of $1,320.00
Now the stop loss moves with the next Target Profit. Meaning when you have already closed a few positions at Targt profit 1 you can place or move the stop loss to the rate of the Entry point when the second Target Profit hits the market and again, you can move the Stop Loss order to the first Target Profit so now, you just have to let the last lot or lots reach the third Target Profit.In case of a retracement simply close all at the second target profit rate or before so you still keep the pips.
NE= Not executed...It is important not to execute the order in another that is not the suggested entry point, when we send a signal/alert and the market moves in the opposite direction and never hits the entry rate during the trading session, the order is considered "not executed". Meaning, now it's too far from entry rate and execution is not convenient anymore. To discard an order you can simply consider 2 factors
a)market moved 35 or more pips away from the entry order and
b) the trading session is over (meaning= the suggested order was sent in NY session and now we are in Tokyo one or around 17hrs later)
ST= Still Trading; when a suggested trade gets executed but takes more than one session to consolidate a profit or loss, we will consider this in the live report as Still Trading.
TPC= Target Profit Changed means that we will alert you if you have to close the position earlier because the market will turn back to the entry rate. So it's better to close and take a few pips instead of waiting to see the small profit gone.
please note as signals you will see entry points and target profits plus a stop loss, as an alert you will see just buy or sell without targets or stop loss we detect the direction of the fast moving market and advise you as soon as we can so you can take advantage of it. In alerts cases you can close at the profit you consider ok.
RECOMENDED METHOD 2
This is a very simple way of trading our signals but only works if your platform has trailing stop...now days most of trading platforms use it as trading tool.IN THIS SYSTEM YOU WILL TRADE ONLY ONE POSITION PER SIGNAL! (doesnt matter how many minilots or lots on each position you place) but we recomend 1 minilot or 1 standard lot per signal that way you can be very close to obtain the results we achieve in our signals results page. Here is how we do it...AND YES THIS IS THE WAY WE TRADE OUR MANAGED ACCOUNTS.
1.- When your receive a new signal create a new entry order for example in the case of FXCM platform right click on the buy or sell current price and select the first option "CREATE AN ENTRY ORDER"
2.-BE SURE TO SELECT THE PROPER ORDER! (BUY OR SELL) type the entry level on the "RATE" field the entry order is the price of that currency that we suggest to start buying or selling EXAMPLE: "SELL EUR/USD AT 1.5540" IN THIS CASE 1.5540 WILL BE THE ENTRY POINT.
3.- Be sure to select both stop and limit fields. In the stop loss field type the suggested stop loss you will receive in the signal and in the limit type the 3rd target suggested in the signal.
4.- NOW THIS IS VERY IMPORTANT. SET YOUR TRAILING STOP TO LOCK PROFITS !! We recomend to set it in "18 or 20 pips"
5.- this order will be placed in the "orders" window and will be executed as soon as the entry point gets hit.
6.- Be patient let it run. you already set a stop loss and a limit order. do not worry don't loose your sleep some people gets exited and close the position before the target or the stop loss gets hit. you will have losses yes but also winners. and your winners will surpass the loosers.
7.- Our signals are sent with time ahead for you to place this orders if by the time you will execute the order the entry point was hit. skip the order avoid the risk.a good thing to do is always check the time you receive the signal. (do not execute signals older than 12 hours) signals sent at night are due at 11 am this means if by 11 am next day didnt get executed you can delet the order. and same with the morning signals if by 6 pm did not got executed you can delte the order this 11am and 6 pm are considered pacific standard time add 3 hours if you are in NY add 7 if you are in UK.
NOTE: THE RESULTS PAGE IS THE RESULT OF METHOD NUMBER 2 THE FIRST METHOD ACCORDING TO 3 LOTS PER SIGNAL WILL BE 3 TIMES MORE PROFITS OR 3 TIMES MORE LOSSES. YOU CAN DECIDE WHAT METHOD TO USE. FOR MANAGED ACCOUNTS WE USE METHOD 2.
click here to see our daily statement of our managed minifund from May! (started May 10)
Remember Forex is about achieving as many pips as you can. As you know, it is almost impossible to win every trade, but it's very important to make the profitable ones always cover the losses and even better - surpass them!
Important Note: our results page indicates the results of 1 lot traded reaching targets 1, 2 or 3 if you trade more than 1 lot chances are you may reach higher profits than our results page but also higher losses. Please evaluate the risk you want to asume before trading in the forex market. We do not recomend the use of autotrading systems. A computer cannot replace the tact and precaution of a human being, we watch the market 24 hrs during the 6 trading days.
you can be sure that we watch the news and events to alert you in case of good opportunities also we watch the charts to be sure when a resistance , support, Moving average and dozens of other indicators are pointing a good buy or sell, Both technical and fundamental are the way we consider is the best to evaluate and recommend a signal or alert. We do not use any automatic signals software we belive a software can detect as fast as a human eye the consequence of a terrorist atack for example. At Cashmonsterz we do our best to deliver the best signals and alerts BUT nobody can predict the future. Trust your insticts, develope your strategies and use our signals and alerts to confirm. We wish you the best of trading!!