Non Farm Payroll day is a day that many traders avoid because of the big movements at the news release and consequential market gaps that occur.
Today the method produced another 30 pips profit but I personally lost 10 pips because of Capital Spreads not filling my order until 40 pips later than what I had specified. Since my order was a limit order of 30 pips, meaning that when the market goes 30 pips in my direction it automatically closes it for a profit, in this case it opened the order 40 pips too far away and closed it immediately as I had a limit of 30 pips on the order, giving me a loss of 10 pips.
I do know two other people running this method made a very quick 30 pips today but they weren’t using Capital Spreads.
Since the manual for this system recommends Capital Spreads then I think it’s only fair to report today as a loss although I think on the next NFP day I will be using another broker.
Day 9: -£100
Total: +£800
3 comments
Filed under Spread Betting by Graham
Short week again as Friday s NFP, a personal no trading day for me. Thursday afternoon was curtailed due to the arrival of a new bed. Mainly scalps again this week, but a couple of main system trades too.
Week 4
| Date |
Time |
Direction |
Stop |
Pips |
| 30-Jan |
08:56 |
Sell |
11 |
11 |
| 30-Jan |
09:23 |
Sell |
6 |
6 |
| 30-Jan |
09:56 |
Sell |
13 |
13 |
| 30-Jan |
12:07 |
Sell |
11 |
11 |
| 31-Jan |
08:41 |
Sell |
11 |
-11 |
| 31-Jan |
09:56 |
Buy |
13 |
26 |
| 31-Jan |
11:46 |
Buy |
12 |
0 |
| 31-Jan |
12:15 |
Sell |
8 |
8 |
| 31-Jan |
12:49 |
Sell |
10 |
5.5 |
| 31-Jan |
13:38 |
Sell |
10 |
10 |
| 31-Jan |
14:40 |
Sell |
8 |
-8 |
| 31-Jan |
15:08 |
Buy |
9 |
-9 |
| 31-Jan |
15:24 |
Sell |
12 |
12 |
| 31-Jan |
16:03 |
Sell |
19 |
9 |
| 01-Feb |
08:56 |
Buy |
11 |
11 |
| 01-Feb |
09:59 |
Buy |
30 |
30 |
| 02-Feb |
08:33 |
Buy |
11 |
-11 |
| 02-Feb |
10:51 |
Sell |
10 |
-10 |
| 02-Feb |
11:29 |
Buy |
13 |
13 |
| 02-Feb |
12:09 |
Sell |
17 |
17 |
Week 4 total: 133.5 pips for £1,335 at £10 per pip, or £215 using Roz’s stake plan (40 pips per day, 4% risk and a £1,000 starting balance) . Next week using Roz’s stake plan I will trade at £1.82 per pip.
Overall total: 647.5 pips for £6,475 at £10 per pip, or £824 using Roz’s stake plan.
Usual caveats apply:
Trading ForEx is discretionary; I’ll see trades other people won’t and miss trades that they take. We all read the market differently; therefore your results will be different from mine. Further, I am experienced trader with over 4 years’ experience. Although I try my best not to colour my trials with this experience it is impossible to remove it completely.
0 comments
Filed under Forex,Spread Betting by Arthur
I had to do my trade on the move today using the Capital Spreads app on the iPhone. It’s more fiddly, there’s no doubt about that, but certainly doable and no doubt gets easier with practice.
It was a loser, which was a shame, but we’re still well up.
Day 7: -£200
Total: +£600
0 comments
Filed under Spread Betting by Graham
A losing trade today which I was expecting seeing as we’ve had four winners in a row.
Day 6: -£210
Total: +£800
0 comments
Filed under Spread Betting by Graham
Another easy winning day today. I logged on at 1pm, placed the trade and logged out at 1.03pm.
I had e-mail confirmation of the winning trade at 1.35pm.
Day 4: +£300
Total: +£710
0 comments
Filed under Spread Betting by Graham
There is evidence that people are still struggling with the scalping method, but I think it is slowly coming together. It certainly isn’t a race, and ForEx does take a while to learn.
I am in hospital for routine check-ups Friday and Monday so I am blogging this week’s data early. I also missed Tuesday as way too much distractions here to trade. Decorating nearly completed, and a new bed Thursday next week then I should be able to concentrate properly.
Week 3
| Date |
Time |
Direction |
Stop |
Pips |
| 23-Jan |
08:54 |
Buy |
15 |
15 |
| 23-Jan |
09:55 |
Sell |
12 |
12 |
| 23-Jan |
10:54 |
Buy |
10 |
-4 |
| 23-Jan |
11:06 |
Sell |
10 |
0 |
| 25-Jan |
08:26 |
Buy |
10 |
10 |
| 25-Jan |
10:22 |
Sell |
22 |
22 |
| 25-Jan |
10:39 |
Sell |
22 |
22 |
| 26-Jan |
08:10 |
Sell |
7 |
7 |
| 26-Jan |
08:21 |
Sell |
12 |
12 |
| 26-Jan |
09:14 |
Buy |
13 |
0 |
| 26-Jan |
10:05 |
Buy |
14 |
0 |
| 26-Jan |
10:32 |
Buy |
20 |
20 |
| 26-Jan |
11:48 |
Sell |
14 |
0 |
| 26-Jan |
14:52 |
Sell |
7 |
7 |
Week 3 total: 123 pips for £1,230 at £10 per pip, or £176 using Roz’s stake plan (40 pips per day, 4% risk and a £1,000 starting balance) . Next week using Roz’s stake plan I will trade at £1.61 per pip.
Overall total: 514 pips for £5,140 at £10 per pip, or £609 using Roz’s stake plan.
Usual caveats apply:
Trading ForEx is discretionary; I’ll see trades other people won’t and miss trades that they take. We all read the market differently; therefore your results will be different from mine. Further, I am experienced trader with over 4 years experience. Although I try my best not to colour my trials with this experience it is impossible to remove it completely.
8 comments
Filed under Forex,Spread Betting by Arthur
Another winning day. It literally takes minutes to identify and place your trade then you just log out and get on with your day.
Day 3: +£300
Total: +£410
0 comments
Filed under Spread Betting by Graham
