Introduction to RYZE.Ai:

RYZE.AI Trading Methodologies

People who have read my articles have sometimes told me often that they really enjoy reading my trading adventures and they would like to make great returns trading currencies or commodities like silver or gold but they don’t have the time to master all the skills necessary to be really good at trading. If you are one of those individuals, there is an excellent software algorithm called RYZE.Ai by a company called Hodo Global. I can show you how this fully automatic artificial intelligence software program, which  I use to generate consistent returns in my trading account, day after day and month after month, can benefit you as well. Independent analysis (I will post a blog with links soon.) documents RYZE.Ai has earned 3.06% per month on average. For more information, please watch the overview videos, read more of my detailed articles, attend a Thursday evening webinar , check for a RYZE.Ai seminar in your area or send me an email or set up a time to talk to me personally.

Special Summer Promotion

Currently there is a subscription special reducing the initial fee to only $99, a savings of $100. Read my bog about the special here.

Why RYZE.Ai?

Now back to “the best of” my personal trading:

Introduction:

Canadian Maple Leaf

This is my daily trading report for Tuesday, March 22nd, 2016. My daily trading report is where I cover my individual trading actions. This is where I venture out into a Forex ocean filled with giants. These giants include Central Banks, Governments, Huge Banks, Hedge Funds, International Corporations and millions of individual traders. Unlike the Live Trading Rooms where I can follow a mentor to trade or the Master Traders in the automated trade mirroring where professionals do the trading, in my independent trading  it is just me using the tools provided like the Harmonic Pattern Scanner and all the knowledge I have gained to battle these giants on the Trading battleground.

For the other programs, check out my weekly trading reports where I review the Live Trading Rooms and the Master Traders from the FXSignalsLive hands-free, mirror trading program.

 Morning Tuesday 3/22/2016

Signal: Euro / Canadian Dollar (EURCAD)

This looked like a good signal to me. I waited until there was a nice confirmation bar to show a reversal. So, I took two positions. Let’s see how this one turns out.

Euro / Canadian Dollar (EURCAD) Harmonic Butterfly Pattern on Hourly Chart on 3/22/2016 at 5:43 AM

Signal: Australian Dollar / Canadian Dollar (AUDCAD)

This trade gave a signal and the follow through to the downside seemed to indicate a reversal so I entered 2 positions during the night and when I woke, it had already hit my two profit targets. This was a quick winning trade, I want more like this one.

Australian Dollar / Canadian Dollar (AUDCAD) Harmonic Shark Pattern on Hourly Chart on 3-22-2016 at 5:44 AM

Evening Tuesday 3/22/2016

Results: Euro / Canadian Dollar (EURCAD)

I must have missed taking a screenshot of this one, but I ended up hitting the two profit targets making this a nice trade. A very good day for Canadian Dollar trades.

Signal: Euro / US Dollar (EURUSD)

This is one of the first signals I have taken on a 5 minute chart as opposed to the hourly chart. Taking signals on the shorter timescale can be a challenge because you have to really be on top of things and be ready to act quickly. These trades can be condensed in both heir duration and the moves are often smaller. The trade below quickly hit my first two profit targets, making a decent profit very quickly. I didn’t even catch a screenshot afterwards. The problem with the shorter, compact trades is that by the time you get a confirmation, the confirmation move may have already hit the first profit target. I need to do more of these shorter trades to figure out how to react faster, if that is possible. I don’t want to skip getting confirmations, so I am still figuring this one out.

Euro / US Dollar (EURUSD) Harmonic Gartley Pattern on 5 Minute Chart on 3/22/2016 at 644PM

Today’s Geography Lesson: Capital of Canada

Lessons Learned

Lessons Learned 1: Always wait for reversal confirmations. It is tempting to jump in on the signals generated by the five minute charts because they can move very fast. However, reversal confirmations are still needed, I just have to figure out how to see them faster.

Lessons Learned 2: Always check orders to ensure accuracy before submission. I accidentally sold when I meant to modify an order to change a stop loss. Instead I exited the position. This was a true error. I just made a mistake updating an order. I need to be more careful.

Conclusion:

Not too many trades today. I was pretty busy and spent less time than usual checking out trades. There was an Easter Music special at church that some friends were singing in, so that took precedence. Plus we are packing for vacation. Next week my son has spring break and we are going on a cruise out of Galveston, Texas. So, packing is the name of the game this week.

I really need to work more on figuring out my reaction times on the five minute chart signals. Perhaps I will just have to realize that you miss a large percentage of these trades because they move to fast to get in. However, there are a great many of these signals generated, so perhaps that will give me a chance to catch enough of these to make it worthwhile. Another option is to just take single positions in these trades and get out at the first profit target. That reduces the risk if the trade fails and perhaps lets me judge the reversal confirmations more quickly. I am not sure yet. I am just going to have to try some different things here. I am also going to reach out to some fellow traders to pick their brains and see if anyone has something that is working for them. Stay tunes.

My current recommendation:

Like I said at the beginning of this article, for additional details on a fully automated, set it and forget it, artificial intelligence currency trading program called RYZE.Ai from Hodo Global , watch the videos below.

RYZE.Ai and Hodo Global Videos

Click here or on the Image Above for the RYZE.Ai videos.

Once again, if you have comments or questions, please leave then below or contact me.

Sincerely,

Xin

Introduction to RYZE.Ai:

RYZE.Ai Summer Special Promotion

People have told me often that they really enjoy reading my currency trading adventures and they would like to make money trading currencies or commodities like silver or gold but they don’t have the time to learn all the skills necessary to be really good at trading. If you are one of those individuals, there is an excellent program called RYZE.Ai by Hodo Global. I can enlighten you on how this fully automatic artificial intelligence software program, which  I use to generate consistent profits in my trading account, day after day and week after week, can benefit you as well. Independent analysis (I will post a blog with links soon.) shows RYZE.Ai has earned 3.06% per month on average. For more information, please watch the overview videos, read more of my detailed articles, attend a Thursday evening webinar , check for a RYZE.Ai seminar in your area or send me an email or set up a time to talk to me personally.

Special Summer Promotion

Currently there is a subscription special reducing the initial fee to only $99, a savings of $100. Read my bog about the special here.

Now back to “the best of” my personal trading:

Introduction:

The New Zealand Flag

My daily trading reports are where I explain all the independent trading I do each day. Trading all by my lonesome with just my laptop and the Harmonic Scanner for company, I do battle with Central Banks, Nations, Multinational Corporations, Hedge Funds and Gigantic Banks. It is exciting and I relish the challenge each day. Read my posts every trading day and be spellbound by my exploits. Cry for my mistakes, revel in my wins! Each day is new, each challenge is documented. Read on and enjoy!

Morning Friday 3/18/2016

Signal: New Zealand Dollar / US Dollar

New Zealand Dollar / US Dollar Harmonic Shark Pattern on Hourly Chart on 3/18/2016 at 2:27 AM

Signal: Canadian Dollar / US Dollar

When I saw this chart this morning this little Canadian Dollar trade was too far along to consider entering. Too bad it happened between my 1:30 AM signal check and when I got back up at 4:30 AM. I could have had a nice little profit on this one in only a few hours. In three hours all three profit targets were hit and the trade was done. Hey, I have to sleep sometime. So, this was just one of those that happened at the wrong time for me to take advantage of the signal. Nothing else I can really do about these trades that occur when I am out or asleep.

US Dollar / Canadian Dollar (USDCAD) Harmonic Shark Pattern on Hourly Chart on 3/18/2016 at 4:54 AM

Signal: Canadian Dollar / US Dollar

This signal happened about an hour after I left the house this morning. This is the second Canadian dollar trade of the day. Both of the trades hit all three of their profit targets in just a few hours. A wonderful trade. I am including it so you can see the signal. I personally missed this trade just as I missed the first. Once I was sleeping and once I was already gone for the day. I just missed both trades by a short time. One again, there is nothing that can be done since I am not available or free to trade all the time at this point.

US Dollar / Canadian Dollar (USDCAD) Harmonic Shark Pattern on Hourly Chart on 3/18/2016 at 7 AM

Evening Thursday 3/17/2016

Results: US Dollar / Japanese Yen

The upwards arrow is pointing at the time in which I bought my two positions. The downward arrow is pointing at the bug red bar where it dropped down and hit my stop losses which were actually much closer than indicated by the signal on the chart. This was a good move because it dropped down far enough that it would have hit the stop loss at that point as well.

US Dollar / Japanese Yen (USDJPY) Harmonic Gartley Pattern on Hourly Chart fro 3/17/2016 at 9:32 PM

Results for this trade:

Position 1: Entry 111.832 Exit 111.308 for a net loss of 52.4 pips or 52.4 x $.10 = $-5.24

Position 2: Entry 111.557 Exit 111.309 for a net loss of 24.8 pips or 24.8 x $.10 = $-2.48

Results: Euro / British Pound

This trade is progressing nicely. As you can see, it hit the first profit target. I am looking forward to see what it does tonight. I moved my stops to keep nice profits on this trade if it starts to move back upwards.

Euro / British Pound (EURGBP) Harmonic Shark Pattern on Hourly Chart on 3/17/2016 at 5:49 PM

This trade so far:

Position 1: Entry .78988 Exit .78165 for a net of 82.3 pips for a .01 lot that is $.10 per pip, so 82.3 x $.10 = $8.23

Position 2: Entry .78839 – Still Open

Position 3: Entry .78923 – Still open

Results Signal: British Pound / New Zealand Dollar

British Pound / New Zealand Dollar (GBPNZD) Harmonic Bat Pattern on Hourly Chart on 3/17/2016 at 5:50 PM

This trade worked out very well. Too bad I didn’t catch it earlier and had multiple positions. However, I think my decision not to chase the trade and being content with my one position was the correct decision even though the trade was a winner.

Results for this trade:

Position 1: Entry 2.09244 Exit 2.11256 for a gain of 201.2 pips

Results: British Pound / Japanese Yen

I thought I was going to get stopped out this morning but then the Pound started to rally again. It is up nicely this evening, not quite to profit target one yet. I have raised my stop loss to just above break-even. So, regardless of what happens next, this trade will at least have three small winners and if all goes right, three bigger winners. Lets see what happens overnight.

British Pound / Japanese Yen (GBPJYP) Harmonic Shark Pattern on Hourly Chart from 3/16/2016 at 9 PM

Signal: Euro / New Zealand Dollar

A nice trade that I missed through hesitating. It was close enough to the entry point, so I don’t know why I didn’t enter.

Euro / New Zealand Dollar (EURNZD)

Today’s Geography Lesson: New Zealand

Lessons Learned

Lessons Learned 1: Don’t hesitate. This afternoon when I saw the Euro / New Zealand Dollar trade I hesitated. I was thinking about whether or not I wanted to hold it over the weekend and was thinking about my other open trade. Everything looked good for an entry but I procrastinated on the entry. I don’t know exactly why, maybe it has been a long week of trading and I just wanted a clean plate for the weekend. I decided to come back and check in a little bit. When I did, it had already moved a little and I thought to wait a little more and then it moved more. This is a classic case of hesitating for no reason. The trade quickly moved to hit its first profit target. I missed out on a good trade for no reason. Perhaps I was already in weekend mode. I need to stay focused until the game is actually over. I didn’t do this and it cost me a nice trade.

Lessons Learned 2: Be patient. I have been patient with the Euro / British Pound trade and it is paying off. I gave the trade time and room to work. I did not move my stops too close and I have nice profits on this trade. It has hit the first two profit targets and is moving well towards the second profit target. Very happy with this trade. Let’s see how this one works out next week, have high hopes that it will be a great trade at the end.

Conclusion:

This was a good day. I missed a nice trade at the end through inaction for which I am kicking myself. I do not feel bad about the other two I missed because it is just a fact that there are certain times I am not in front of the computer and there is nothing I can do about that at this time.

My current recommendation:

Like I said at the beginning of this article, for additional details on a fully automated, set it and forget it, artificial intelligence currency trading program called RYZE.Ai from Hodo Global , watch the videos below.

RYZE.Ai and Hodo Global Videos

Click here or on the Image Above for the RYZE.Ai videos.

Once again, if you have comments or questions, please leave then below or contact me.

Sincerely,

Xin

RYZE.Ai Program for Currency Trading:

Swiss Franc Banknotes

Individuals who are consistent readers of my Xin’s Trading Adventures articles and have asked themselves, “Can I make money trading with RYZE.Ai? or “Can I make money with RYZE.Ai?” but don’t have the skills or the time to trade currencies by themselves, don’t think you are out of options. There is a great software program called RYZE.Ai from Hodo Global. Check out the videos at the bottom of this article to learn more about this fully automatic artificial intelligence algorithm, which I really like and creates consistent profits, day after day and week after week. For more specifics, please watch the overview videos, read more of my detailed articles, attend a Thursday evening webinar or send me an email and set up a time to talk individually.

Now back to my personal trading:

Introduction:

EURUSD Chart for 12-15-2015

Remember, my Daily Trading Reports cover my independent trading using the Harmonic Scanner, which is one of the ways I can make money with trading. For the other trading, my weekly trading reports will cover the automated mirror trading and the Live Trading Rooms.

Independent Trading

I have switched up the format so that each post will contain one day’s trading. So, this will be a morning session and an evening session on the same day. I think this will be a little less confusing for everyone, especially me.

Morning Thursday3/10/2016

Signal 1:

The first signal I took was a harmonic butterfly pattern on the US Dollar / Swiss Franc hourly chart. I scaled into the trade for three positions. My entry points were 1.00800, 1.00800 and 1.00782. I forgot to get a picture because there was so much happening in a short period of time. However, I edited a later screenshot to give an idea what it looked like.

US Dollar / Swiss Franc (USDCHF) Harmonic Butterfly Pattern on Hourly Chart for 3-10-2016

Signal 2:

.The second trade in the morning was the Euro / Japanese Yen (EURJPY). It was a harmonic bat pattern on the hourly chart. Once again, I scaled into the position and had a total of three positions, each set with a stop loss and a profit target corresponding to one of the three profit targets on the chart. This one moved very fast and I was lucky to be sitting there in front of the computer. Otherwise I would have missed it.

Euro / US Dollar Harmonic Shark Pattern on the Hourly Chart on 3/10/2016

Signal 3:

This was the same story. I scaled into the trade with three positions.

Euro / British Pound (EURGBP) Harmonic Shark Pattern on Hourly Chart for 3/10/2016

Evening Thursday 3/10/2016

Results Signal 1:

Look at how the USDCHF trade ended up. It quickly hit all three profit targets.

US Dollar / Swiss Franc Harmonic Butterfly Pattern on Hourly Chart on 3/10/2016

This Swiss Franc trade turned out to be a wonderful trade. It hit all three profit targets quickly yielding an handsome return. It hit all three profit targets at the specified levels on the harmonic pattern chart.  My results were as follows:

Position 1: Entry 1.00800 Exit 1.00196 for a net of 60.4 pips

Position 2: Entry 1.00800 Exit 0.99742 for a net of 105.8 pips

Position 3: Entry 1.00782 Exit 0.99012 for a net of 177.0 pips

60.4 + 105.8 + 177.0 = 344.2 pips

344.2 pips x $.10 per pip on a mini lot (.1) = $34.42 profit

On this $1,000 account that would be a return of $34.42/$1,000 = .03442 or 3.442% in the same day.

Results Signal 2: EURJYP Gartley Pattern

Euro / Japanese Yen Harmonic Gartley Pattern on the Hourly Chart for 3/10/2016

This trade also turned out to be an fantastic trade. Once again, the trade hit all three profit targets yielding a great result by reaching all three profit targets at the levels shown on the chart.  My results were as follows:

Position 1: Entry 126.900 Exit 125.472 for a net of 142.8 pips

Position 2: Entry 126.850 Exit 124.545 for a net of 230.5 pips

Position 3: Entry 126.832 Exit 123.057 for a net of 377.5 pips

142.8 + 230.5 + 377.5 = 750.8 pips

750.8 pips x $.10 per pip on a mini lot (.1) = $75.80 profit

On this $1,000 account that would be a return of $75.80/$1,000 = .0758 or 7.58% in the same day.

Results Signal 3:

Euro / British Pound (EURGBP) Harmonic Shark Pattern on Hourly Chart on 3/10/2016

This Eur/GBP trade also turned out to be a great trade. Just as with the previous two, the trade hit all three profit targets at the levels shown on the chart.  My results were as follows below:

Position 1: Entry .76868 Exit .77155 for a net of 28.7 pips

Position 2: Entry .76912 Exit .77451 for a net of 53.9 pips

Position 3: Entry .76940 Exit .78105 for a net of 116.5 pips

28.7 + 53.9 + 116.5 = 199.1 pips

199.1 pips x $.10 per pip on a mini lot (.1) = $19.91 profit

On this $1,000 account that would be a return of $19.91/$1,000 = .01991 or 1.991% in the same day.

New Signal: Gold / US Dollar

The Gold / US Dollar signal was new this evening. I scaled into three positions and set my stop losses and three profit targets. I really like that you can trade gold and silver like they were currencies.

New Signal: Silver / US Dollar

The Silver/ US Dollar signal was new this evening. I scaled into three positions and set my stop losses and three profit targets. It is great to be able to trade silver.

Silver / US Dollar (XAGUSD) Harmonic Shark Pattern on Hourly Chart for 3/10/2016

Lessons Learned 1: Move on. Losses are going to happen. Mistakes are going to happen. Implement corrective actions to reduce mistakes. Examine losses to look for patterns to avoid. If not, just recognize that some trades will be losers and move on to the next one. Don’t dwell on losses.

Lessons Learned 2: Manage your emotions. Don’t let emotions drive you into making irrational decisions. Stick to your trading plan.

Conclusion:

There were a number of great trades today and excellent profits were made. I am trying not to get overly excited and striving to keep an even emotional keel. Tomorrow is another day. Let’s see how these open trades work out.

I hope you had a good time seeing the trades today and learned from my trading experiences. Please leave any comments below.

In conclusion, as always I say at the end of my articles, if you have any questions on gold, silver or currency trading or about RYZE.Ai the fully automated artificial intelligence program , please leave them for me in the comments section below or email me at Xin@goRYZE.com. You can also view the videos on the RYZE.Ai program,  that is available by subscription, by clicking here or on the image below.  Additionally. if you have thoughts or ideas how to make my articles more useful for readers, please let me know.

Learn How to Profit with RYZE.Ai

Sincerely,

Xin Zhang

Zin Zhang – Hodo Global

RYZE.Ai and Currency Trading:

Swiss Franc Banknotes

People who are avid readers of my Xin’s Trading Adventures articles and have asked themselves, “Can I make money trading Forex? or “Can I make money with Hodo Global?” but don’t have the knowledge or the time to trade currencies by themselves, don’t think you are out of luck. There is a fantastic software program called RYZE.Ai from Hodo Global. Check out the videos at the bottom of this article to learn more about this fully automatic artificial intelligence algorithm, which I really like and creates consistent profits, week after week. For more details, please watch the overview videos, read more of my detailed articles, attend a Thursday evening webinar or send me an email and set up a time to talk personally.

Now back to my personal trading:

For those of you who are new readers, my Daily Trading Reports report on my independent trading using various tools including the Harmonic Scanner, which is just one of the many ways I can make money with trading currencies.

For all the other, non-independent types of trading, please read my weekly trading reports which will report on the Master Traders automated mirror trading and trading in the Live Forex Trading Rooms.

Independent Trading

I recently switched from evening day 1 and morning day 2, now that each daily trading report will contain one day’s trading, morning and evening on the same day. My belief is that this will be a little less confusing for everyone, particularly me.

Morning Monday 3/14/2016

Signal 1: AUDNZD

.I got into this trade Friday Morning with three entries and had three positions, as shown below.

If you recall my dumb mistake on this trade from last Friday, I moved my stops way to early and as a result got stopped out with 2 losses instead of hitting the first two profit targets and having nice profits. So, Sunday evening (Monday morning in Sydney) the trade was still open so I re-entered two more positions. This morning when I got up these were in profit so once again I adjusted my stops.

Australian Dollar / New Zealand Dollar (AUDNZD) Harmonic Shark Pattern from 3/11/2016

Evening Friday 3/11/2016

Results Signal 1: AUDNZD Shark Pattern

Australian Dollar / New Zealand Dollar (AUDNZD) Harmonic Snark Pattern on Hourly Chart from 3/11/2016

This morning it pulled back and it both stops giving me two little profits. The only position I had a decent profit on was the only one left from last Thursday. So, I made a partial recovery. Not much of one, but a little one.

Results Signal: Gold / US Dollar

The Gold / US Dollar signal was originally from last Thursday evening. To recap, I had three positions, which I got at three different prices and had set my stop losses and three profit targets as shown on the Harmonic Scanner. t this time, this trade is still in progress. It has hit the first two profit targets yielding a great profit so far and it is very close to hitting the third profit target. If you look closely at the chart you will see that I got in at lower prices than what is shown on the chart as the entry point. The reason being, I did not see the trade right away, and therefore got in at a lower price. I lost some profit potential as a result, but I felt the trade was still worthwhile it because it was moving in the correct direction.

Note: Gold is a little different in that it trades in dollars and cents. As a result, trading .01 lots a pip is $.01 or 1 cent.

As you can see below, gold is so close to hitting the third profit target That I expect it will do so before morning. I have adjusted my stop so that this will always remain in a good profit.

Gold / US Dollar (XAUUSD) Harmonic Crab Pattern from 3/14/2016

Position 1: Entry 1272.52 Exit 1265.36 for a net of 716 pips or $7.16

Position 2: Entry 1272.40 Exit 1259.86 for a net of 1254 pips or $12.54

Position 3: Entry 1272.16 – Still Open

716+ 1254 = 1970 pips so far

Results Signal: Silver / US Dollar

The Silver/ US Dollar trade is progressing well so far. It has hit the second profit target today and seems to be well on its way to hitting the third. I would like to see this hit its third profit target overnight. I will move my stop to ensure it remains in a small profit.

Silver / US Dollar (XAGUSD) Harmonic Shark Pattern on Hourly Chart from 3/14/2016

Position 1: Entry 15.65 Exit 15.50 for a net of 15 pips for a .02 lot that is $.20 per pip, so 15 x $.20 = $3

Position 2: Entry 15.62 – 15.47 = 15 pips once again, so 15 x $.20 = $3

Position 3: Entry 15.58 – Still Open

On this $1,000 account that would be a return of $6/$1,000 = .006 or 0.6% in a few days, with one position remaining open.

Lessons Learned

Lessons Learned 1: Don’t be afraid to tighten stops. Moving stops can sometimes be a good idea. For example,it would be foolish to let the remaining positions on the gold and silver trades that are so close to their third profit targets move all the way back to the original stop loss and end up losing on the trade. A nice profit needs to be protected.

Lessons Learned 2: Look at longer term charts. The longer term charts can give you a trend and filter out the noise. If I had looked at the AUDNZD four hour and daily charts on Friday I would have seen they were both confirming the trend and I wouldn’t have been so quick to move my stops on the hourly trade. This is a good confirmation of a signal as well. If the Daily and four hour charts show buy signals then I worry less if the hourly shows a little pullback during a trade.

Conclusion:

There weren’t new signals today, just continuations of a couple of previous trades. I am looking forward to seeing what tomorrow brings. Some days there are many signals, some days none. But, there is always tomorrow.

Up until this point I have always been taking signals from the hourly charts because the longer the time period the wider stop losses and the wider the profit potential as well. So, keeping my risk small, I have stuck to the hourly charts. However, on some things such as silver where the scale is smaller, the 4 hour or even daily chart could be a possibility. I will identify those that I think are candidates, such as silver and add them to the list of signals that I consider taking. this can help generate some longer trades with potentially larger profits.

I hope you enjoyed the continuing adventures of Xin in Currency Land. If so, please leave me a comment and tell me you are in awe of my awesome trading or how hard you laugh at my mistakes or whatever you feel.

RYZE.Ai:

Kind of a slow day, but still a profitable one. Sometimes, slow is okay.

People who want the profit potential but don’t want to learn Forex trading see below.

As I have said previously many times in may previous articles, anyone who wants more information on a fully automated, set it and forget it, artificial intelligence currency trading algorithm called RYZE.Ai from Hodo Global , watch out the videos below.

Learn How to Profit with RYZE.Ai

Please Click Here to View the RYZE.Ai videos.

If you have questions, comments or feedback, please leave them in the comments area below or contact me.

Sincerely,

Xin

Zin Zhang – Hodo Global

Introduction to RYZE.Ai:

RYZE.Ai Event in Austin Texas

I sometimes have people tell me that they really like to read my trading adventures and they would like to make money trading currencies but they don’t have the time to learn the skills necessary to be successful. For those people, there is a great program called RYZE.Ai by Hodo Global. I can show you this fully automatic artificial intelligence algorithm, which I really like and generates consistent profits, week after week. For more information, please watch the overview videos, read more of my detailed articles, attend a Thursday evening webinar or send me an email and set up a time to talk personally.

Now back to my personal trading:

New Master Trader – Steady Freddy

Forex Price Chart

Update: This was a system I researched in the past. I do not recommend it for reasons spelled out later. More great news on the automated trading front! A company I am evaluating has an automated mirror trading site that has added another Master Trader. The new Master Trader is called Steady Freddy. It trades the Euro / Japanese Yen currency pair (EURJPY). My intent is to keep this article current and to update this post as time progresses and I acquire more experience with this new Master Trader. The company plans to eventually have a group of ten to twelve Master Traders in the automated trade mirroring for members to choose from. This group of Master Traders will give members the options to choose among various trading styles, different currency pairs, and varying levels of risk to match their own trading and income goals. In addition, members will be able to trade multiple Master Traders if they want to do so.

I was a little concerned about this second Master Trader because of the correlation of the British pound / Australian Dollar (GBPAUD) currency pair with the other Master trader I use, the Simply Sterling, which trades the Euro / Japanese Yen (EURJPY) currency pair. The daily correlation of the currency pairs is very high, which is not ideal. Ideally, you would have two pairs with low or negative correlation. In this case, their trading styles seem to be such that they often aren’t trading at the same time, so I felt that having these two pairs was acceptable even with the higher than desirable correlation. When I add the next Master Trader to my mix, I will probably look for a lower correlation with these two as a criteria to evaluate. The correlation is as follows:

GPDAUD and EURJPY Currency Pair Correlation

Hourly Correlation: -25.1%

Daily Correlation: 68.9%

Weekly Correlation: 42.3%

Monthly Correlation: 67.7%

What am I talking about when I discuss the correlation between two currency pairs? Let me begin with a basic explanation. The correlation between two things is measured on a scale from 1.0 to -1.0. In this scale 1.0 means they are perfectly correlated. As it relates to currency pairs, a value of 1.0 would mean the prices of the two currency pairs move in the same direction one hundred percent (100%) of the time. This means, whenever currency pair 1 moves lower, currency pair 2 moves lower as well. In the opposite extreme, a correlation of -1.0 would mean they are perfectly negatively correlated. This would mean that one hundred percent (100%) of the time the move in opposite directions. That means, whenever currency pair 1 falls in price, currency pair 2 would always fall in price as well. Traders can use negatively correlated assets in their portfolio as part of their risk management strategy and decrease the volatility of their overall portfolios by doing so. In the future I will post more about risk management, but correlation and its relationship to risk in a portfolio is an excellent concept to understand at a basic level..

By looking at the chart above, you will see that the EURJPY and GBPAUD have a negative correlation on the hourly chart but a high correlation on a daily chart. This means that on an hourly basis they do not move together but usually over a day, they are moving in the same direction. Like I said earlier, ideally when I add a third Master Trader, I will choose one that trades a lower correlation pair to these two currency pairs.

Another reason I like the Steady Freddy Master Trader is that it has excellent trade metrics, as shown below:

Trading Metrics

I like that the average win is greater than the average loss and that the winning trade percentage is over 80%. I think this will be a great addition to my portfolio and could also be a good choice for people who want to earn while they learn.

Trading Overview

Trading Periods

The monthly growth is also very good. I will update these charts in future weekly trading reports. (The weekly trading reports are the place that I track the performance of the Master Traders and the results of the Live Trading Rooms.)

Monthly Growth of FXSignalsLive Steady Freddy Master Trader as of 3-20-2016

Trade History

This is the trading history for the past 16 trades for the Steady Freddy Master Trader. This Master Trader is relatively new and trades about once a week. There are very specific entry signals they are looking for. So, if you like lots of action this Master Trader is not for you. If you like slow steady results, this is your choice. Note, this was at first analysis. This company subsequently experienced large drawdowns due to trying to increase the frequency of their trades. I do not recommend them.

Harmonic Scanner

The Harmonic Scanner is just gave a signal on the Japanese Yen. Although this isn’t part of the Steady Freddy Master Trader and is my own chart, I wanted to include it since we were talking about the Yen in the Steady Freddy.

British Pound / Australian Dollar (GBPAUD) Harmonic Deep Crab Patten on Hourly Chart on 3-18-2016 at 4 PM

Bank of Japan

Compared to the Bank of England profiles in a previous article, the Bank of Japan is a relative newcomer. Per the Bank of Japan website, “The Bank of Japan was established under the Bank of Japan Act (promulgated in June 1882) and began operating on October 10, 1882, as the nation’s central bank. The Bank was reorganized on May 1, 1942 in conformity with the Bank of Japan Act (hereafter the Act of 1942), promulgated in February 1942.

The Act of 1942 was revised completely in June 1997 under the two principles of “independence” and “transparency.” The revised act (the Act) came into effect on April 1, 1998.”

In light of it’s significance and in keeping with my tradition of adding some geography into my posts, here is the Bank of Japan map:

Map of Bank of Japan

Conclusion:

For those who want more details about a RYZE.Ai subscription, see my videos here. For anyone who is ready to join me in earning trading profits with RYZE.Ai, click here.

As I always say, if anyone has questions about trading or about RYZE.Ai or Hodo Global, please leave them in the comments section below or email me at xin@goRYZE.com.

Sincerely,

Xin

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Introduction to RYZE.Ai:

Oil Drilling in Permian Basin

Individuals frequently tell me that they really like to read my trading adventures articles and they would like to make money trading currencies or commodities like oil or gold but they don’t have the time to learn all the things necessary to be really good at it. If you are one of those people, there is a great program called RYZE.Ai by Hodo Global. I can show  you this fully automatic artificial intelligence algorithm, which  I use to generate consistent profits in my account, day after day and week after week. For more information, please view the overview videos, read more of my detailed articles, attend a Thursday evening webinar , check for a RYZE.Ai seminar in your area or send me an email or set up a time to talk to me personally.

Now back to “the best of” my personal trading:

Morning Tuesday 3/15/2016

Signal 1: West Texas Intermediate Crude (WTICr1) Shark Pattern

3 AM Chart:

My son woke me up because he wasn’t feeling good. I got him taken care of and back to sleep and I stopped by for a quick peek at my computer and this is what I saw. A buy signal on West Texas Intermediate Crude.It was just above the entry range and I hesitated. First because I had never traded crude oil before and wasn’t sure of the size of the position to take. Again, my risk aversion keeps me from plunging blindly ahead. Plus it was 3 AM in the morning. So, unsure I just went back to bed.

West Texas Intermediate Crude (.WTICr) Harmonic Shark Pattern on Hourly Chart from 3/15/2016 at 3AM

5:00 AM Chart

When I got back up just before 5:00 AM, this was the chart I saw.

West Texas Intermediate Crude (WTICr) Harmonic Shark Pattern on Hourly Chart from 3-15-2016 5 AM

The chart hadn’t changed much so I looked up the contract and decided to buy the smallest lot which was .1. I really wanted to get it at 37.70 or below which was the entry signal point on the chart. I tried and tried but it wasn’t getting that low. At one point it was within a few cents but then it ran up to 38.00 rapidly. Now I an at a dilemma. I could have gotten it 5 or 6 cents above the entry point but now it was 30 cents higher and thus my loss if it hit the stop loss would be higher. I waited for a pullback until 10 minutes later than I usually leave in the morning, but no luck. I toyed with the idea of putting in a buy order at 37.80, but finally just left doing nothing.

7:00 AM

This signal happened after I had already left the house in the morning, so I did not have a chance to enter this trade. I wanted to include it to show the signal and results anyway. The chart below is from 4 PM in the afternoon. There may have been a chance to enter then but I did not do so. I will put a buy order in just above 160.00 for one position to try to catch a quick pullback. We will see what happens overnight.

British Pound / Japanese Yen (GBPJPY) Harmonic Shark Pattern on Hourly Chart on 3/15/2016

Evening Tuesday 3/15/2016

Results Signal 1: West Texas Intermediate Crude (WTICr1) Shark Pattern

7:00 PM Chart:

This evening the chart looks like this:

West Texas Intermediate Crude (WTICr) Harmonic Shark Pattern on Hourly Chart from 3-15-2016 at 7 PM

I missed out on a nice trade by trying to finesse 5 cents. This is the whole purpose of why I get my three positions as three different entries. Buy the first position and see how it moves and then get the second position and see what happens and then get the third position. I should have gotten the first position at 5:00 AM if not 3:00 AM and then tried to get a better price on the second entry. This inaction and over thinking of the trade cost me the trade. I have no loss, but I certainly have the missed opportunity of missed profits.

What I should have:

Position 1: Entry 37.80 Exit 38.61 for a net of 81 pips which at a lot or .1 is $.10 per pip so a profit of $8.10

Position 2: Still open with equity of over $8.00

Position 3: Still open with equity of over $8.00

So, I should be up over $24 having a great trade in progress.

What I have instead: Nothing! Except another lesson learned.

Results Signal: Gold / US Dollar

This Gold / US Dollar signal was originally from Thursday evening of last week. To recap the action so far, I had entered three positions, which I entered at three different prices and had set my stop loss and the three profit targets as shown on the Harmonic Scanner chart. The chart from yesterday is directly below and the one from tis evening is below that.

Gold / US Dollar (XAUUSD) Harmonic Crab Pattern from 3/14/2016

Position 1: Entry 1272.52 Exit 1265.36 for a net of 716 pips or $7.16

Position 2: Entry 1272.40 Exit 1259.86 for a net of 1254 pips or $12.54

Position 3: Entry 1272.16 – Still Open

716+ 1254 = 1970 pips to date

Gold / US Dollar (XAUUSD) Harmonic Crab Pattern on Hourly Chart from 3/15/2016 at 7 PM

As you see today the price has not reached its low from yesterday. I will set a stop at at 1238 to preserve my profit on this last part of the trade. We will then see what happens overnight.

Results Signal: Silver / US Dollar

The Silver/ US Dollar trade is progressing well t date. Just as with Gold, this chart has failed to match it’s low of yesterday or yet hit the third profit target. I will move my stop to 15.35 to preserve profit and we will see what happens overnight.

Silver / US Dollar (XAGUSD) Harmonic Shark Pattern on Hourly Chart from 3/15/2016 at 7 PM

This trade so far:

Position 1: Entry 15.65 Exit 15.50 for a net of 15 pips for a .02 lot that is $.20 per pip, so 15 x $.20 = $3

Position 2: Entry 15.62 – 15.47 = 15 pips once again, so 15 x $.20 = $3

Position 3: Entry 15.58 – Still Open

On this $1,000 account the return would be $6/$1,000 = .006 or 0.6% in just a couple days, while one position remains open.

Lessons Learned

Lessons Learned 1: Don’t be afraid to initiate first entry. If the trade has move a lot then you have missed it and move on to the next one. You won’t always be in front of the computer so you won’t be able to catch every trade. Plenty more will come along in the future. However, if you are there take the entry at the best price you can. Don’t get to hung up n a few cents. The reason for scaling into the trade is that you can get a better price potentially with subsequent entries. So, don’t fret about a few ticks.

Lessons Learned 2: Look for confirmations from different time frames. If the hourly chart for silver gives a buy signal, look at the four hour and daily charts as well. If one or both of these is also in a buy, that is a nice confirmation of the trade.

Conclusion:

We are still in a few trades, namely the gold and silver trades from last week. I will track the West Texas Intermediate Crude Oil trade even though I foolishly missed it and I have included a British Pound / Japanese Yen trade that happened after I left this morning, which I still may be able to enter, if it pulls back slightly. I don’t consider this trade a mistake because I wasn’t at the computer until many hours afterward.

I hope you enjoyed the continuing adventures of Xin in the magical realm of currency trading. If you do enjoy, please leave me a comment and tell me you are inspired or I have scared you away from the idea of ever trading or whatever you feel.

In conclusion, as always I say at the end of my blog posts, if you have any questions on gold, silver or currency trading or about RYZE.Ai the fully automatic artificial intelligence algorithm that is available by subscription, please leave them for me in the comments section below or email me at xin@FXTradingIncome.com. You can also view the videos on RYZE.Ai by clicking here or on the image below.  Also. if you have suggestions or ideas how to make my posts more useful for readers, please let me know.

Learn How to Profit with RYZE.Ai

Sincerely,

Xin Zhang

Zin Zhang – Hodo Global