THIS IS A SAMPLE OF MARKET SIGNALS AVAILABLE FOR SOPHISTICATED, ACTIVE TRADERS.
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PAID SUBSCRIBERS ONLY.
 

MCEL Forex Long Term.

THE LONG TERM PROGRAM BOOKED LARGE, MULTIPLE DAY PROFITS IN LONG U.S. DOLLAR VERSUS ALL OTHER MAJOR CURRENCIES AND GOLD IN WHICH POSITIONS WERE HELD FOR SIX TO TWENTY DAYS.

From the August 04 Update, "In mid July the U.S. Dollar was technically oversold and due a corrective move to the upside. That situation has been aided by the realization that economic and financial fundamentals in many other major currency pair countries were suspect from many of the same woes in the U.S. So, we have been in a two week period that has favored the U.S. Dollar in price. Weakened crude oil prices simultaneous with this corrective period has seen lower energy and food  prices broadly across most markets internationally."  
Today I add, as long as European interest rates collapse, the U.S. Dollar will add price strength against other currencies. The Two-Year spread of European versus U.S. yields is now at new lows since June.

STOCK MARKETS. We are short the Dow at 11545, July 24 and again at 11389, July 31. We added a third short in Dow Futures at 11631 on the close yesterday. We will risk above yesterday's highs, a move of which would create a new bull leg into August 11. Currently the price is 11506. As stated previously, cycles would allow for one more rally into the August 1 to 8 period. Subsequent to that rally we anticipate lower prices as long as the July 23 high price remains in place.  

GOLD Spot. We are short at 916.00, 7/29. Half profit was taken at $1,000 per 100 oz., 7/30. Second half profit was booked at 879.00, 8/06. +3,700 per 100 oz. 09 days trade. 
TOTAL PROFIT PER 100 oz. TRADING BLOCK = +$4,700.
A cycle low was due 8/04. 

FOREX LONG TERM took positions in six majors we trade plus some others in our secondary trade list. The secondary trades were reported in our July 29 Update. This Update will report profits and losses taken during the sixteen day period this Long U.S. Dollar strategy was active. 
WE ENDED YESTERDAY FLAT ALL LONG TERM CURRENCIES AND GOLD WITH VERY COMPETITIVE RETURNS FOR SUBSCRIBERS.  

EURUSD. (Euro vs. USDollar). We sold at 1.5682, 7/29. Profit taken at 1.5408, 8/06. +274 pips. We sold at 1.5660, 7/29 and booked profit at 1.5408, 8/06. +252 pips. We sold add-ons at 1.5625, 7/29 and took profit  at 1.5525, 7/30. +100 pips. And, we sold at 1.5625, 7/31 with realized profit at 1.5525, 8/01. +100 pips. 09 Days trade.
TOTAL PIPS PROFIT PER 100,000 CURRENCY TRADING BLOCK = +726 PIPS.  
The MCEL Seasonal projections are lower prices into August 1st, a rally into August 15, and then a new leg lower into August/26. Close Aug 6th 1.5408.

AUDUSD. (Aussie Dollar vs USDollar). We went short from .9704, 7/22. Half profit taken at .9604, 7/23. +100 pips. Second half booked MOC at .9081, 8/06. +623 pips. 16 Days trade. 
TOTAL PIPS PROFIT PER 100,000 CURRENCY TRADING BLOCK = +723 PIPS.
MCEL Cycle Projections are down into 8/04-07, up to 8/14-19, lower into 8/26-29. Closing price August 6th .9081.

GBPUSD. (British Pound vs. USDollar). Short from 1.9775, 8/01. Half profit booked at 1.9675, 8/04. +100 pips. Second half profit taken at 1.9485, 8/06. +290 pips. 06 Days trade.
TOTAL PIPS PROFIT PER 100,000 CURRENCY TRADING BLOCK = +390 PIPS.
Cycle high was due 7/23, into cycle low 8/22. Closed August 6th at 1.9485. 

USDCAD. (USDollar vs Canadian Dollar). Long at 1.0085, 7/22. Half profit realized at 1.0185, 7/25. +100 pips. Second half profit taken MOC at 1.0487, 8/06. +402 pips.
16 Days trade. 
TOTAL PIPS PROFIT PER 100,000 CURRENCY TRADING BLOCK = +502 PIPS.
Cycle high due 8/04-08, then projected low 8/27. Closed August 6th at 1.0487. 

USDCHF. (USDollar vs. Swiss Franc). Long from 1.0255, 7/22. Half profit booked at 1.0307, 7/22. +52 pips. Second half profit realized MOC at 1.0598, 8/06. +343 pips. 
16 Days trade. 
TOTAL PIPS PROFIT PER 100,000 CURRENCY TRADING BLOCK = +395 PIPS.
Cycle low due 7/18, and cycle high due 8/21-26. Close August 6th 1.0598.

USDJPY. (USDollar vs. Japanese Yen). Long from 106.30, 7/17. Booked profit at 107.55, 8/01. +125 pips. Simultaneously short at 107.55, 8/01. Stopped out at 1.0838, 8/06. (-83 pips). Long at 1.0838, 8/06. Took profit on all MOC at 1.0977, 8/06. +139 pips. 20 Days trade.
TOTAL PIPS PROFIT PER 100,000 CURRENCY TRADING BLOCK = +181 PIPS.
Projected MCEL Cycles are low from 7/18, into a high due 8/06-11, and then lower into 8/18. Closed August 6th at 109.77. 

FOREX LONG TERM PROGRAM OFFERED SUBSCRIBERS TOP RETURNS IN JULY 2008. THOSE FOR AUGUST, AND WE ARE CURRENTLY FLAT WITH NO POSITION AS OF AUGUST  6th, SURPASSES THE PROFIT OF JULY FOR SUBSCRIBERS.
McELHANNON WILL TAKE SUBSCRIBERS FOR THE ENTIRE SIX CURRENCY AND GOLD RECOMMENDATIONS FOR BEST DIVERSIFICATION AND RESULTS OVER TIME. WE WILL ALSO ACCEPT SUBSCRIBERS FOR ONE OR SOME OF THE CURRENCY CROSSES OFFERED.   

All of our products are approved for regular funds and for IRA-type accounts.

ALL NUMBERS ARE GROSS RETURNS.

Past performance is not necessarily indicative of future results. Substantial risk is involved in Forex and Futures trading. Read the full disclaimers at our website.

THIS IS NOT A TRACK RECORD, BUT RATHER A TRADE RECOMMENDATION SERVICE WHOSE CLIENT LIST HAS INCLUDED DOMESTIC AND INTERNATIONAL HEDGE FUNDS, TIER ONE BANKS IN NEW YORK, ENERGY COMPANIES, FOREIGN AND DOMESTIC BROKERAGES, AND SOPHISTICATED INDIVIDUAL TRADERS.

THE CLIENTS WE HAVE DIRECTED THE LONGEST IN FOREX KEEP SMALLER AMOUNTS IN FOREX-PREMIUM, LARGER AMOUNTS IN FOREX RETAIL DUE TO ITS LOW DRAWDOWNS, AND VARYING AMOUNTS IN OUR LONG TERM FOREX PROGRAMS DEPENDING ON RISK TOLERANCE. WE IDENTIFY THESE TYPE TRADES GUARANTEED ONCE PER MONTH. THIS YEAR WE MADE MORE THAN TWENTY TRADES FOR JULY. INITIAL RISK IS HIGHER IN LONG TERM PROGRAM TRADES THAN IN FOREX RETAIL, BUT IN THE JUNE & JULY TRADES WE WERE AT BREAKEVEN STOP LOSS BY THE SECOND HALF OF THE FIRST DAY OF EACH TRADE.

PROPRIETARY TIMING AND 3-PRONGED MONEY MANAGEMENT ARE THE KEYS.

MANY OF THE SOPHISTICATED USERS OF THIS LONG TERM PROGRAM HAVE ALSO TAKEN AT LEAST LEVEL ONE OF THE PROPRIETARY MACK STACK SEMINARS DESCRIBED at www.mcelhannon.info

These strategies are for larger, more sophisticated investors. Use them solo or use them in conjunction with the two MCEL Forex programs for strategy diversification. Email for more detail. mceltexas@yahoo.com

Forex Long Term normally holds positions longer, but higher market volatility recently offers shorter time windows for trade completion. The trades summarized in the August 04, 2008 recap above are within normal historic trade completion windows. These programs do not trade every day. Forex Long Term will carry multiple positions, Forex Retail normally trades only one position at a time as part of its risk parameters.

Past performance is not necessarily indicative of future results. Substantial risk of loss is involved in Forex and Futures trading. There is no guarantee of profit. There is no guarantee of big gains. There is no guarantee against loss. There will be losing trades. Read the full disclaimers at our website before investing funds. Talk with our staff for program and results clarification before investing.

Thank you for your business.

PHILIP WORLEY
President

McElhannon Group, Inc.
mceltexas@yahoo.com
512-715-9191