Daily Setups & Trade Alerts: FAQs

This FAQ page is intended for subscribers to our Daily Setups & Trade Alerts service, and those interested in signing up. Please refer to the below before contacting our Support team with questions, though if you have a question on something that is not covered below, don’t hesitate to get in touch at support@littlefishfx.com.

Daily Setups & Trade Alerts: FAQs

What are Daily Trade Setups?

Daily Trade Setups are technical trade set ups that we are tracking in the market. These trade setups will either be at or near the potential execution level for the setup.

What is the strategy behind these Daily Setups?

Daily Setups are trades based predominantly on technical and sentiment patterns with an appreciation of the fundamentals for the instrument in which the Daily Set Up is identified.

When are the Daily Setups issued?

The Daily Setups will be emailed and posted to the site during the London session.

Will The Daily Setup be accompanied with a specific order levels?

Yes, we will issue an email when a Daily Trade Setup meets our specific risk reward ratio. 90% of the Daily Setup Alerts will be issued at the New York Close while some maybe issued at the London Open. Daily Alerts will be mailed directly to your inbox (and posted on our private twitter feed) with specific entry, stop and take profit objective as seen in the example below. Subscribers will also receive intra-trade management updates

You don’t specify a trade size in your trade ideas, how do we know what size to trade?

Trade risk comes down to personal preference. Our trade ideas are executed with a max risk of 0.7% per trade idea in line with our own risk profile.

Will there be times when a trade is exited before it hits its target?

Yes there are occasions when a trade is exited ahead of target. There are also occasions when a trade is held beyond target. Again, you will always be notified via email alert if there is any adjustment to the original trade instructions.

If I get an order to buy a pair when market is below the issued buy level, can I just enter there because I am getting a better price?

No, all trade levels given are specific levels for entry and are given for a valid reason. Please only enter at the specified trade levels. Any trades entered outside of the specific levels given are entered at the traders own discretion and performance is unrelated to the given trade idea.

Can I exit trades ahead of target or hold them longer than target if I wish?

You can certainly but again, these decisions would be made at your own discretion and so performance will be unrelated to the trade idea given. All trade ideas are given with the exact parameter for you to follow including entry price, stop loss and target. All subsequent trade management manoeuvres such as moving the stop, taking half off etc will be communicated via an email alert.

I saw a trade alert where price traded the stop loss level given but the trade remained in play, though mine was stopped out. How come?

Please make sure to always include your broker spread in addition to the specific trade levels. For example if a buy stop is given as .7191 and your broke spread on that pair is 2 pips, please adjust your stop to .7193. Our trade alerts followers use many different brokers with different spreads so we cannot advise for each trade but please remember to always factor your broker spread into your trade parameters to avoid these situations.

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RISK DISCLAIMER
Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine “risk” funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No “safe” trading system has ever been devised, and no one can guarantee profits or freedom from loss. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results.

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*CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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