Thread: Freedom-FOREX Rocks YEAR END Trading Results???

UPDATE......................

Well, since no one else is talking about their results for the past year using FreedomRocks hedge system, thought I would pose the question. Surely we have a few who are involved here, so lets get this off to an even better start in the new year.

I had my second to the best month this December, best was July, worst was October, but not one losing month since I began. Overall, I am just a little above 24% per month. Not as good as some I know have done, but I use very conservative strategy compared to them. Now that I have solid profits, time to turn up the risk meter on my trades and see what I can end up with this year.

Having surfed every forum on FreedomRocks system, I am amazed at having posted for losers, and I still have not found any using FR. I know there must be someone somewhere who had a losing month, so has anyone here had a losing month yet? As with most systems or programs, you always here the negative side, so I am trying to locate a loser, anyone know any?

Happy, Healthy and Wealthy New Year to All, Mike

Great job on your FR account! I just opened my FR account and will have my first live trading account funded this week! I have been working with demo accounts and have been just amazed at the results! I am so excited with the potential of this system!

I, like you, have surfed many other forums on Freedom Rocks and so far cannot find ANYONE that has been in Freedom Rocks and has NOT made money! You know as well as I, that when something isn't paying....people are quick to call it a scam...so the fact that I cannot find ONE person that has lost money with this says a lot.

The only thing I didn't like was the fact that they didn't have a dedicated forum for freedom rocks members. I had some questions when I started and since it wasn't during "normal business hours" I had no one to answer those questions.....and I didn't like going to 10 different forums to search for the answer....THUS....I have just opened a new forum dedicated specifically to FREEDOM ROCKS. It is open to members of freedom rocks to meet and discuss things with other freedom rocks members...as well as for people that are interested in freedom Rocks...but haven't made the plunge yet.

Please take a look and help me make this dream a reality. Thanks!

Tara

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FORUM: FREEDOM POOL :: Index
FREEDOM ROCKS: Welcome to Tara Kinney's FreedomRocks.com!!

Welcome Tara,

Glad to see you took the plunge. With so many programs to choose from it is not easy to find the good ones, but having done what you have, search every forum out there, and no negatives from actual users, and only a few who were taking stabs at system in beginning, that speaks volumes.

As to getting answers to questions, there is almost always someone online to ask, and what I think makes this even better, are the people involved, all very helpful no matter who introduced you to FR. Since this is not as much about referral commissions as it is what we earn in FOREX, it makes it far more enjoyable to share information back and forth freely.

I wish you much success, so make sure you come back and share your experience with us after you get your feet wet for a few months. We are slowly getting a group together for FR, so in time we will have more than enough forums to visit and share experiences with. Good luck with yours as well.

Good luck to all, Mike

This weeks Trend:


EUR/USD

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.2940

Support levels: 1.3090, 1.3050, 1.3000, 1.2950

Strategy: Whilst above the weekly trend reversal level, buy dips to support after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3600, the multi-year high, and possibly higher still, towards 1.4100.

Today: Again little changed as we move aimlessly around in a 60 point range. The longer we consolidate here the better the chance we will continue higher, but we will have to allow for a "spike" below the range first. We need to push through 1.3180/1.3200 today (plus a daily close above there) to attract more momentum buyers, so until that happens, the scenario remains very much the same as yesterday: There is weekly 61.8% Fibonacci resistance just above at 1.3177, so we will continue to allow for dips to 1.3050 (and possibly even 1.2950) before we really get moving higher. Today, hold longs from 1.3100, with stops tightened, or continue to buy dips whilst above 1.2950/1.3000

JPY is bearish, so beware.

Good luck to all, Mike

This weeks Trend:


View on USD/JPY: long-expected downward trend

Weeks forecast for USD/JPY

+2004 pips - this is the trades result for the last week of our Forex traders' signals.


The market keeps on bringing surprises. During the last week USD/JPY course came down with almost 300 pips: from the longstanding maximums in 122-shape area to the new correction minimums in 119-shape area. 119.90 top level of 2006 which classically came out as a support during the last three weeks turned out to be broken downward. Now deeper slide to 118.00 and possibly under may follow.

Last week our third script was fulfilled: (30%) - "a downward trend to 119.00". The yen rallied last week and USD/JPY course slid sharply from the up fluctuations margin of 122.00 to the upper one of 120.00. 119.90 level was broken down following which course slid sharply to the support line in 119.00-shape area. There is fair chance of the further USD/JPY course decline and achievement of 116.00-118.00 area during the next two or three weeks.

Script 1 (40%): Side exchange fluctuations within the 119.00 - 120.00 area.
The pair may make a new side fluctuations range 119.00-120.00, beside the reached and broken out margins. Slide or rise will lead at the least to 100 pips movement to a breakout side.

Script 2 (40%): A downward trend to 118.00.
The 119.00 support break down is necessary for this script. The nearest decline target is January minimum level of 118.00. This script may lead to a deeper decline to the 116.60 level area where May, 2006 minimum trend line is situated.

Script 3 (20%): An upward trend to 121.00.
A sharp break above of the 120-shape is necessary for this script. 121.00 level (the middle of the previous range of 120-122) may come out a resistance line and lead to rebound with the following decline and the second script fulfillment. We don't expect for rising above 121-122 as yet.

Resistances
119.90 - the broken out support of the last three weeks - the top of 2006.
121.00 - the estimated resistance of the middle of the previous channel 120-122.
122.20 - the January, 2007 maximum.
125.80 - the local 2002 year resistance in October and November.

Supports
119.00 - the last week support and the important supports lines region.
118.00 - the January, 2007 minimum.
116.60 - the May, 2006 support line region - yearly trend line. The broken out downward trend line from 1998 is in the same place.
114.50 - the local correction minimum of 2006 in December.

Good luck to all, Mike

UPDATE:

As we have defined, the markets are still in turmoil, so hopefully all those who were running 400:1 and 25% got the message I posted a couple weeks ago. If so, you saved a ton of money, if not avoiding margin calls.

We have all seen a tremendous profit over the past year with only a few minor hiccups, but as we can now see even more clearly, this is not a market for the faint of hearts if you trade JPY or CNY pairs, especially at higher risk ratios, and this volitility will continue as we see markets down across the globe.

Despite the carnage taking place in other markets (Yen crosses!), the euro has remained relatively stable, holding well above the 1.3100 level and keeping up a bullish tone. This means that our analysis has not changed: We will allow for the euro to have one last look at the downside, probably no lower than 1.3050 - 1.3000, if it must go there, but more likely is a resumption of the bull trend towards 1.3700 from current levels. For today and the rest of this week, we will watch carefully for opportunities to buy euros on convincing dips and clear signs of reversal between 1.3000 and 1.3200. Buy near 1.3100/1.3080, stops below 1.3050.

Good luck to all, Mike

* View on USD/JPY: has plumeted *

*weeks forecast for USD/JPY

*+1555 pips* - this is the trades result for the last week of our Forex traders' signals.

This week USD/JPY currency pair committed that which it could not be able to the week before last when 119.90 support level was broken out. This time nothing could prevent USD/JPY to fall.

Last week our second script was partly fulfilled: (30%) - *"A downward trend to 118.00"*. Because pair decline did not even "noticed" the 118.00 level, January minimum which came out just an interweek support. The pair went on further and by the end of the week achieved December, 2006 levels, the two-month minimums. A technical picture is not still in favor of dollar.

*Script 1 (50%): A downward trend to 114.00-115.00 area.*
This script logically continues a downward course trend. The achieved 116.40 support break down is necessary for this script. Decline target is December minimum level of 114.40. This script may lead to a deeper decline to 109.00 level area in the future where May, 2006 minimum trend line is situated.

*Script 2 (30%): Side exchange fluctuations within the 116.00 - 118.00 area. *
When the pair achieves the support in the 116-shape area it may be trading sideways within a new correction range of 116.00-118.00. After that a new decline will follow as in our first script described. Though rising to 118.00 and above will lead to the third script development.

*Script 3 (10%): Side exchange fluctuations within the 116.00 - 119.00 area. *
A break above of the 118.00-level is necessary for this script. The broken February support area (119-shape) may come out an obstacle and lead to a rebound developing the first script next. We do not expect though for pair rising above 119.00/90 area within the next few weeks.

*Script 4 (10%): A downward trend to 114.00. *
A sharp break down of December minimum 114.40 is necessary for this script. Decline target is May, 2006 minimum level of 109.00.

*Resistances*
118.00 - expected resistance of the broken January support.
119.00/119.90 - the broken February support area.
121.60/122.20 - February resistance.
122.20 - January, 2007 maximum - yearly resistance.

*Supports*
116.80 - May, 2006 support line region - yearly trend line. The broken out downward trend line from 1998 is in the same place.
116.00/40 - last week achieved region - expected intermediate support.
114.40 - December, 2006 minimum.
109.00 - May, 2006 minimum.

March 19, 2007 - March 23, 2007

*View on USD/JPY: shape after the shape*

*+ 1924 pips* - this is the trades result for the last week of our Forex traders' signals.

*The upward rebound from the 115.20 level in the beginning of March didn't lead to upper rise. Last week the pair consolidated at the 115.50-118.00 range, making a triangle fluctuations range. This formation can lead to the next course decline in the future.*

Last week no one of our scripts was fulfilled exactly. Thus the pair exactly achieved the estimated by the double bottom shape target 118.50 (see the technical levels in the last review). A technical picture remains to be descending.

*Script 1 (50%): Side exchange fluctuations within the three-cornered 116.10-118.40 area. *
Current correction may remain in the bounds of the triangle. The break out of the limits will lead to the next two scripts.

*Script 2 (30%): A downward trend to 113.00-114.00 area. *
A bottom triangle line break down at 116.10 is necessary for this script. After that a potential downward target, the December, 2006 minimum area, will be achieved firstly. That will lead to a deeper decline in the future, while to the 113.00 level area, triangle workout target.

*Script 3 (20%): An upward trend to 121.00. *
It must not be ruled out this script, because an upside break out of the triangle may occur (the upper limit is 118.40). Thus, after such an upward trend a following downward trend to the March minimums is expected.

*Resistances*
118.50 - double bottom shape workout target - last week maximum (upper triangle bound is a bit below).
119.00/119.90 - the broken February support area.
121.60/122.20 - February resistance.
122.20 - January, 2007 maximum - yearly resistance.

*Supports*
115.70/116.10 - last week support area, bottom triangle line as well.
115.20 - March, 2007 yearly minimum.
114.40 - December, 2006 minimum.
109.00 - May, 2006 minimum.

Update,

Well, after having a banner year up until Feb, and since I was out of market while I was changing brokers, I was lucky. Feb was the first losing month in the past 12 since FR started, and it was ugly for many, especailly those who were not following the system or were purely gambling with 400:1 and 25% margin settings. This was a hard lesson for many, but then again, these gamblers were way up with profits over 100% in several months, so it was to be expected.

All markets will sting you over time, so this was simply a good time to get in touch with reality, no markets rise only, they all come down over time, so I hope those who were unfortunate to have just started don't get discouraged. Most have recouped in March what they lost in Feb, and this is good news. Again, I was lucky this time as I was out of market in Feb., but finished off March in profit, so follow the system, don't gamble.

Good luck and health to all, Mike

Mike, I appreciate you taking the time to post your updates and info.
Bill.