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Wednesday, May 10, 2006

My new Euro Session Trading Signals - Rules!

Welcome to my Euro Session Trading Signals. I have been backtesting a signal system designed for the Euro Trading session (2 am EST to 12 pm EST), and now it's forward testing time. So, here's the rules:

1) Disclaimer: Remember, only you control your own money. These are simply recommendations for educational purposes, and should be traded on a demo account. Trade at your own risk!

2) All trades are taken on the GBP/USD.

3) All signals will be posted around 12:00 am EST (Posting time not guaranteed).

4) If the first trade triggers but then loses, you can still leave your opposite order open until 12:00 pm EST. If your 2nd trade is not triggered by 12:00 pm EST, then cancel the order.

5) Trade lots in multiples of 2.

6) If a trade is triggered and PT1 is hit, close half of position, and move stop to breakeven on the second half the position, then go for PT2.

7) Close all open positions and entry orders at the close of the 12:00 pm EST candle, or at your own discretion.

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Currency trading involves substantial risk of loss, and thus is not suitable for all investors. You should carefully consider your financial situation before opening a trading account, and only risk capital should be used when trading in these markets. In addition, we recommend you consult your financial advisor to help you determine if currency trading is appropriate for you. Pipcrawler does not provide personal trading advice, and nothing contained in this web site should be construed as personalized trading advice. Although Pipcrawler obtains his information from sources that it deems reliable, no warranty can be given as to the accuracy or the completeness of any of the information provided or as to the results obtained by those using such information. While we believe the information contained herein is accurate, Pipcrawler or his affiliates cannot be held responsible for the accuracy of the information, the timeliness of the transmissions, errors or omissions in the transmission of such information. Any reliance on the information contained within this website in making investment decisions is solely at the risk of the user, and each user shall be solely responsible for any and all losses resulting from such investments. In no event shall Pipcrawler be liable for any direct, indirect, actual, special or consequential damage or losses resulting from the use of the information provided herein.