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The LFB
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Turning 24-hour traded market momentum into actionable trading potential TheLFB is at the forefront of new-generation 24-hour global market trade support, offering an outsourced global market analysis program and White Label service. The company provides a subscription service for all level of... More
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  • The Future of Retail Forex Trading Is Here 0 comments
    Oct 21, 2010 1:03 AM
    Having spent nearly four years tapping into three decades of global trading experience, TheLFB trade team is very proud that automated trading via an inter-active trading platform is available to all.
     
    The principle of ATP is that three years generating signals for clients to manually place can now be transposed into an automated process that fits each client's individual specification. The result is ATP.
     
    The main launch of ATP was over last weekend, and since then the trade team has nailed the moves lower on Apple's earnings, and subsequent move higher off Fed POMO auctions. Price action is now back inside the six-session range on most pairs.
     
    The challenge that the signals experienced on Tuesday and Wednesday was that the move lower on Tuesday was a jagged affair initially, while the move higher on Wednesday started early in the Asian session which is historically quiet. 

    As part of the automated process the trade team has built the system to filter for time, momentum, stop loss size, and red-flag economic releases. Some moves will be missed sometimes if the stop loss, time of move, or momentum has not met pre-set criteria. Better to be in the game this time next year, than to have to be in every move between now and next week.
     
    Both Tuesday and Wednesday moves had signals issued that subsequently nailed the price action; however, both moves reversed just enough to create volatility ahead of subsequent price action that held.
     
    Asian session trade will be used to track near-term moves on Eur/Usd, Gbp/Usd, Usd/Jpy, and Aud/Jpy. As the main European session gets underway the remainder of the major pairs, plus Gbp/Jpy and Eur/Jpy, will be loaded. 
     
    The European session signal instruction will look for near-term targets on half of the exposure, and then look to make the most of any mid-term momentum on the balance from any ranging moves that flow into U.S. trade.
     
    As the U.S. session winds down the ATP system will then track any reversals from weaker pairs that are unable to hold recent price action moves. As Asian trade gets underway the process will start again on those pairs that are not carrying an open position.
     
    We are very proud of what is now available via the ATP service, and especially with the transparency, control, and inter-action available to clients. The future of retail forex trading is now in your hands; there really is no need to go this alone. 
     
    The trade team is working hard each day to get the most of every session, and going forward are looking forward to every client experiencing the opportunity to feel that they are not alone in the forex trading arena.
     
    Thank you for your support of the service that many of you had had asked for, and thank you to FXCM and Tradency for allowing ATP to come together in a unique automated process.

    Disclosure: TheLFB runs an automated trading program that is constantly one side of the dollar or the other, in-line with the detail posted in the article.
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