In answer to many queries regarding my morning system, these are results for January so far (in pips):



2 Jan - GBPJPY no trade, EURJPY loss 10, GBPUSD loss 10 = 20 loss

3 Jan - GBPJPY 40 profit, EURJPY 10 loss, GBPUSD 40 profit = 70 profit

4 Jan - GBPJPY 80 profit, EURJPY 40 profit, GBPUSD 40 profit = 160 profit

7 Jan - GBPJPY no trade, EURJPY 40 profit, GBPUSD 10 loss = 30 profit

8 Jan - GBPJPY 40 profit, EURJPY 10 loss, GBPUSD 20 profit = 50 profit

9 Jan - GBPJPY 80 profit, EURJPY 40 profit, GBPUSD no trade = 120 profit

10 Jan - GBPJPY 40 profit, EURJPY 40 profit, GBPUSD 20 profit = 100 profit



That is a total of 510 pips profit. GBPJPY trades are at £5 a pip and the others £10 on a capital base of £20,000. Return is therefore approx £3,700 or 18%. This has been a good period!!!



Max is 2 trades per pair a day and all completed before midday.



You could trade EURUSD and USDJPY as well, making up the 5 pairs, but I don't generally as they aren't as volatile as the above 3 and just increases overall risk. You can also have a pip target per day of, say, 20 pips and if that is done you stop trading. However, over the above period, your return would be substantially less so I tend to think that all trades should be taken. There will be some great days and some awful days, but they will cancel each other out, leaving you with the 20 and 40 pips days for the rest.



This is the system I would teach at a seminar. No indicators required! The "normal" system would also be shown and that DOES include indicators.



Hope that answers all the queries. My morning system is a good one but needs careful implementation. The seminar will cost £1,250 but if you don't make a profit of at least £1,000 in the first month (by following the system on assumed capital of £5,000), I've give it you back. Those of you who have dealt with me since the inception of s3 signals and Rainbow Road will know that my word is good.



If there are sufficient takers to float this, then I'll get cracking on putting it together. Seminar will be in February at Manchester or London.



Mrs R prefers this route as it enables me to put on my nurse's uniform after lunch. Quiet at the back.