Hi Folks.

Well, it looks like we made it.  Barely. Somehow.  August is now officially in the rear view mirror and once we get Labor Day behind us (next Monday for those of you outside the States) trading will begin to return to normal.

Many of you participated in my summer webinar on trading Gold, and were asking if I would open a trade room so we could get together and trade on a daily basis.  Now that summer is over, I’ve decided to open a room, but it will be a little different from previous rooms.

Here is what I mean.

In the past rooms I put up a couple of charts and would look for setups where I hoped to pick up 20 pips on a trade, and honestly, that was pretty tough to accomplish a lot of the time.  I also started the rooms at 7 a.m. in the hopes of catching a pre-New York Open move and then I could call it a day.

This room is going to open at 9 a.m. eastern and run for two hours.  9 to 11 has been a fairly active time frame and shown much more consistency than the 7-9 a.m. period.  So we will start later and trade for half the amount of time we used to.

As far as charts are concerned, we will be looking at 5-6 charts (5 definite, the 6^th I am still mulling over) and these charts will be of pairs that are also quite active most of the time during the 9-11 period (and they are the GBPCAD, GBPAUD, EURCAD, EURAUD and XAUUSD)

The other big change is instead of trying to swing for the 20 pip fence on every trade, I will be looking to get 5-8 pips per trade and then move on to the next setup.  I will be using software designed to automate 99% of this process, so all I have to do is push the Buy or Sell button and the software will do the rest (automatically set stops and take profit orders).

The reason for this is 5-8 pip trades are scattered all over the charts.  In any given hour during the London/New York sessions, you can find 2-3 per pair per hour. 

That’s a lot of possible trades.  We only need to catch 2-3 per day to make any kind of real money.

I’ll be using AutoStop to automate the trades so all I (we) have to do is place the Buy or Sell order and the EA does the rest.

I’ve been testing this out for the last couple of weeks and it has been some seriously stress free trading.  After all, you can’t get to 20 pips without getting to 5 pips first (and you’re going to get to 5 pips a whole lot more times than you’ll ever get to 20).

I do have an overall goal I will shoot for in the room, but I will share that with room members when we get started.

Here are the exact room details for anyone who is skimming and missed it earlier:

Date We Start: September 6^th, 2016 (next Tuesday)

Room Days: Monday through Friday, excluding national holidays

Room Hours: 9-11 a.m. eastern time

Will sessions be recorded?  No, we will not be recording.  Sorry.

Who is this room for?  Anyone who is looking to build their account using smaller, low risk, high probability trades.

So if that is you, then click over to www.simple4xsystem.net/fallroom.html and sign up now.  The room only holds 100 people maximum, so should we reach capacity I will be forced to close down registration.  So if making quick pips is something you desire, click on the link now and get yourself enrolled.

And I will see you in the room Tuesday at 9 a.m. eastern.

Jeff