Friday September 29th Recap

Hello Forex Traders,

Yesterday was a 1-1 day via BOM. As the AUD/USD was a small winner and the GBP/USD finished the same price as it started on BOM. (probably a small loss in forex)

If you strictly traded just the software stats via BOM via the yahoo messenger signals I provide you would have ended with a very small loss for the week. If you trade via the forex market you would have made a small profit for the week. The winners weren't big and the losers weren't big. Lot of trades just stuck around breakeven for the most part. Which makes for a not that exciting of a week. But also doesn't blow thru your capital on weeks like this either which is a GREAT plus.

One thing with this software is it does teach discipline in the markets. As the software is time based. Each day you know ahead of time when you have a possibility of trading. So if you live in the eastern time zone you know you won't be trading around 8am Eastern etc.. Being time based system it helps you from trying to find trades to take just for action. Trust me I have been their many times. Looking for trades just so I could get in the market. I would hunt for them and when I couldn't find one that meets my liking I take ones that are "close" to meeting my liking and jump in on it. And what happens 90% of time in those cases is I end up with a big fat losing trade and usually it doesn't take long.

With the software the way it is now I know that I don't have to hunt for trades all day. I can trade when the software indicates is a good time to trade and I can check the ebook stats to see if historically this trade has done well. I can still trade a couple times a day but I don't have to hunt for the trades or guess etc.. The discipline of knowing when to stay out of the market is a BIG helper. If you have a plan that works you need to stick with it and I think with this software it has proven to me it does work.


Starting in October I will have an LazyTrading.com Affiliate contest for those interested you need to sign up for the newsletter for the affiliate program at http://www.LazyTrading.com/affiliates.html I will update everyone through email about the contest.

The LazyTrading.com software does NOT trade on Fridays. It is strictly a Mon-Thursday software. So I don't have any stats for today on it. I will say that I always look forward to Monday trading and if you want to be a part of it check it out at http://www.LazyTrading.com this weekend. I would love to chat with you on yahoo messenger.

A couple of news releases come out just after the U.S stock Markets open which could move the market a bit today.

I will have another post on this blog on Monday
Have a great weekend
Steve Hoven

alleycatnews@alleycatnews.net

Take what the Forex Gives. Thursday Sept 28

Well, yesterday was a slow day. The forex markets didn't trade the movement that I like to see so it was a day I did trade but very lightly.

I had 3 trades.

EUR/CHF it was a 12 pip Winner but very small trade.

GBP/AUD it finished up 7 pips, on BOM you needed up 8 to win. Forex probably a small profit or breakeven. (Medium size trade)

GBP/YEN it finished 4 pip winner, on BOM you needed to win by 7 pips. Forex probably a small profit or breakeven. (Very small trade)

So overall a small profit or breakeven type day on forex.

A small losing day if taking just BOM (betonmarkets) The point is though is you got to take what the forex will give you. I chatted with those on yahoo messenger yesterday about the movements and action of the forex market. That the range wasn't what I liked to see. And that being the case we would trade lightly that day. Their will always be tomorrow or the next day to trade. There is no point of forcing a trade just to trade. If you want to trade on these types of days its best to trade them lightly.

Their are lots of good trading days with this software and yesterday wasn't one of them. Even though all 3 trades finished in the positive pip range. None of them were home runs.

On days like those its good to preserve your capital for the GOOD days. And that comes from the ebook as I describe which trades are best on which days but I also give a huge tip on the range movement for the day. And when we see that kind of movement and we have a good day historically you can be much more confident with that trade.

On to today's trading.

Thursday historically is a lightly day for our software. (Though it may not be today due to the fact that yesterdays action wasn't the best. But we will take what the forex gives.)

2 currency pairs have historically performed well on Thursdays.

AUD/USD

GBP/USD

It looks like the scheduled news of the day is already out for today.

It looks like some nice moves have happened already today so we could be ready for some nice software moves today. ( http://www.lazytrading.com/ )

Have a great trading day.

Steve Hoven

September 27, Good trading day?

Good morning Forex traders, I hope you had a profitable day yesterday like I did.

The GBP/YEN based on the historical stats that I have in my ebook was a WINNER again yesterday. It wasn't the 50 pips like it was a couple weeks ago but hey I will take it.

I had someone ask me if they could retire on this software and if it could produce the profits needed to trade. Well, I can't answer the retire question I don't know how much each person needs for retirement etc.. I can say though that if you trade the software with the ebook stats you give yourself a great shot of making money in the forex market.

For example ONLY taking the GBP/YEN trades for this month based on the ebook stats. (So only take the signal when its historically a good day for it) In doing so based on BOM stats (forex results would be slightly different but you will have a good idea) you would have made 83 pips so far for this month. That is just based on the GBP/YEN pair and only based on ebook stat days.

So whether you can retire on that or what I don't know. But if you can get consistent results month after month whether its in pips or wins over the long term you can build your account, add more lots etc.. And I think with this software you can do that, as I have myself over the last year.

Well, on to today's trading.

Historically our Software has more good trades on Wednesday than any other day.

4 currency pairs that we offer have good historical stats on Wednesdays.

They are

USD/YEN
GBP/AUD
GBP/USD
GBP/YEN

All 4 of those pairs have a historical records of around 70% winners for this day. We will see what happens later today.

Have a great Trading Day

Steve Hoven
alleycatnews@alleycatnews.net

Tuesday September 26, 2006

First, about yesterdays trading the software went 1-1 on betonmarkets trading. The USD/CAD was a nice winner. The GBP/AUD was a small loser probably a breakeven on forex trading though that is a hard pair to find in the forex markets.

Second, Someone asked me yesterday a question of... What makes LazyTrading.com different from others and if I had 1 year of backtested results etc...

I wanted to address those questions in this blog as other people might be wondering the same thing. I DON'T have 1 year of backtested results. I have 1 year + of Historical stats/trades of ACTUAL trades I took myself with the software. That is a BIG difference between that and backtested results. Backtesting results aren't always accurate especially when dealing with systems that deal with indicators etc.. (This software does not) As the indicator may be different in the backtest than it was in REAL TIME.

All my results are based on Real Time results that I traded with the LazyTrading software. Most of the results are based on Betonmarkets results though I have listed the results how many pips winner/drawdown etc..
So these are NOT backtested results but Real results I traded myself with the software over the last year +.

Also how is LazyTrading.com different then the other forex systems out there. Well, most of those are just ebooks with peoples strategies. You have to setup your charts and HUNT for trades throughout the day. Many systems if you have 10 people trading the same system will have 10 different entry and exits due to the fact you need to find the trade or need to look for a "BEND" in an indicator etc..

Those that do actually offer SOFTWARE are $100's if not $1000's of dollars or cost $100 a month etc.. Most do not offer 90 day Support LIVE like with LazyTrading.com

With LazyTrading.com Everyone can have the same entry time and exit time as the software is programmed the same for everyone. So you won't be trading the USD/CAD at 8am because their will NEVER be a signal at that time. It is a time based software so you don't have to HUNT all day for the trades. You just crave out a few minutes each day to look at the software and jump on yahoo messenger (if you want to) and trade the software.

LazyTrading is Software and not just an ebook. Yes I do include a small ebook with the software but that is to show you how/when to trade and what are the best days and pairs to trade.
Hope that helps the person who had that question. http://www.LazyTrading.com

On to today's Forex action. The 10am Eastern Consumer Confidence report came out and moved the forex markets a little bit. The USD/YEN had a strong reaction to it.

Tuesdays can be a slow day for the software only 2 really good signals historically on Tuesdays.

GBP/AUD
GBP/YEN

Both of which have about a 70%+ winning rate. The GBP/YEN was a nice 50+ pip winner 2 weeks ago on a Tuesday. We will see how it goes today.

Have a Great Trading Day
Steve

Monday September 25th

Historical stats for the markets is a great tool, INCLUDING THE FOREX MARKET. In my ebook for www.LazyTrading.com I talk about historical stats for the currency pairs that I trade.


I break down in the ebook which pairs trade the best for each specific day. I have over 1 year of data to back up the results.

For example on Mondays for the www.LazyTrading.com Software. Their are 3 currency pairs that trade quite well when they have a signal.

Those 3 pairs are the

USD/CAD
GBP/AUD
GBP/USD

Those 3 pairs wins as much as 74% of the time when traded on Mondays based on the LazyTrading.com software.

My point is good historical data can give you an advantage when trading the Forex Market.

Have a great day.
Steve