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Tuesday, February 20, 2007

JPY interest rates and triple digit returns in the news trading account

This tip from Aden Rusfeldt is not a recommendation..it may sound like a sure thing..but there is no sure thing I will ever recommend. My readers, must no better. My 10 Rules, if you had the pleasure of reading them were created to save traders heartaches and one of them is...beware of tips..

Now education is what I harp on..and I stand firm..let's see if Aden is right..by paper-trading his tip. That will never hurt your pocket.

So don't turn pro yet..do his course and get to know the ropes before launching yourself into a trade.




Aden's Tip



"First for a quick tip on the Tuesday night Japanese interest rate announcement. There is no set time it will be announced and rumors will float around the hours and minutes before the news release.

The time to start watching is 9:45pm EST up until around midnight or whenever the announcement happens. It's actually good when no one knows when the announcement is coming becuase that prevents brokers from manipulating.

Speaking of manipulating I am no longer recommending certain brokers because they have been doing just that to a few of my students. At this moment I currently trade at 7 brokers and am in the process of putting a small list together of ones that I might recommend.

The GBP/JPY is the pair to trade because if they raise rates (about 45% chance) the GBP/JPY should drop hard fast. I personally am looking for at least 120 pips if they hike rate.

If by some long shot they hike rates .5% I will load the boat (double regular margin) and cash out the first one with 140 pips profit and hold the second position for 220 pips profit.

If they leave rates unchanged the GBP/JPY should go up at least 80 pips. Once up 30 pips make sure to move your stop to break even.

I have just a couple of openings for my news trading managed accounts. The last time I announced this all the spots were full in two days. I will email the actual trade reports to serious investors only showing I made over 120% gross since September in these accounts.

I do charge a 50% monthly performance fee on these accounts so please no tire kickers. Also the draw downs are so low on this strategy that you will never lose sleep.

Thanks,
Aden Rusfeldt"
Currency Trading Made Easy





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