Forex

Week 1 (29/8 to 02/9)

A short week for me with a Bank Holiday Monday and Non-Farm Payroll on Friday (I won’t trade NFP Friday). Monday is Labour Day Bank Holiday in the USA so is another no trade day for me.

n/t stands for no trade and indicates that the entry price was not hit.

Summary:
GBP/USD this week 66 pips. Total 66 pips for £660 at £10 per pip.
EUR/USD this week  -14.5 pips. Total -14.5 pips for £-145 at £10 per pip.
Overall (Currencies Only) this week 51.5 pips. Total 51.5 for £515 at £10 per pip.

Please do not lose sight of 20 pips per day is more than enough for financial freedom. 20 pips times 20 trading days is 400 pips per month. At £10 per pip that is £4,000 tax-free per month.  Currencies alone are more than capable of reaching this target.

Please also remember that the Crude Oil and Gold trades are purely for my own satisfaction. Crude is a strange beast and is not a recommended market for new traders.

Crude this week -98 pips. Total -98 pips for £-980 at £10 per pip.
Gold  this week  -137 pips. Total -137 pips for £-1370 at £10 per pip.
Overall (Currencies Only) this week -235 pips. Total -235 for £-2350 at £10 per pip.

Overall (all instruments) this week -183.5 pips. Total -183.5 for £-1835 at £10 per pip.

Because Crude and Oil are 4 hour timeframe, their stops are wider, but the potential gains are wider too. I quick look back over August found the following possible trades, there are not counted towards the trial as they are before the start date but they do indicate potential for this system on the higher timeframes.

A total of 399 pips (£3, 990) for Crude and 1,410 pips for Gold (£14,100).

Filed under Forex,Spread Betting,Trading by Arthur

Week 5 (29/8 to 02/9)

A short week for me with a Bank Holiday Monday and Non-Farm Payroll on Friday (I won’t trade NFP Friday). Monday is Labour Day Bank Holiday in the USA so is another no trade day for me.

Summary:
GBP/USD this week 125 pips. Total 543 pips for £5,430.00 at £10 per pip
EUR/USD this week 20 pips. Total 425 pips for £4,250.00 at £10 per pip
Crude this week 23 pips. Total 1012 pips for £10,120.00 at £10 per pip

Overall (Currencies Only) this week 145 pips. Total 968 for £9,680.00 at £10 per pip
Overall (Crude included) this week 168 pips. Total 1980 for £19,800.00 at £10 per pip

Please remember that the Crude Oil trades are purely for my own satisfaction as Jason just trades GBP/USD and EUR/USD. Crude is a strange beast and is not a recommended market for new traders.

Also please do not lose sight of 20 pips per day is more than enough for financial freedom. 20 pips times 20 trading days is 400 pips per month. At £10 per pip that is £4,000 tax-free per month.  Currencies alone are more than capable of reaching this target.

Filed under Forex,Spread Betting,Trading by Arthur

I am going to resume the trial of FX-180 from the camp of Keith Cotterill. For some reason this was started but not continued, but the initial trial was very encouraging.

As per normal I will use £10 per pip. I am going to look at EUR/USD and GBP/USD pairs on the 5 minute timeframe. I will also look at US Crude and Gold using a 4 Hour timeframe, hopefully to demonstrate that the longer timeframes are a viable option too.

To keep things simple I will look at using a risk/reward ratio of 1:1, in other words, if the stop-loss is 22 pips my target will be 22 pips. One deviation I will utilise is to add a couple of pips to the stop-loss advised in the manual.

As is normal for me in ForEx based trials, I will run this for 3 months and do updates each weekend. I won’t trade (US or UK) Bank Holidays nor will I trade Non-Farm Payroll (NFP) on the first Friday of each month.

FX-180 costs £247. For that you get a 91 page PDF. I found this a little bloated, but as an experienced trader I don’t need all the blurb on how to setup an account and configure the charts. However, if you are new to ForEx trading you will find this information useful. There is also a members area online, which I do not currently have access too. Apparently this contains some video tutorials. If I do get access to this area I’ll let you know my impressions.

So, here goes …

Filed under Forex,Spread Betting,Trading by Arthur

Week 4 (22/8 to 26/8)

Still finding trading difficult; there has been some nice moves this week but I missed them.

Summary:
GBP/USD this week 35 pips. Total 418 pips for £4,180.00 at £10 per pip
EUR/USD this week 35 pips. Total 405 pips for £4,050.00 at £10 per pip
Crude this week -82 pips. Total 989 pips for £9,890.00 at £10 per pip
Overall (Currencies Only) this week 70 pips. Total 823 for £8,230.00 at £10 per pip
Overall (Crude included) this week -12 pips. Total 1812 for £18,120.00 at £10 per pip

Please remember that the Crude Oil trades are purely for my own satisfaction as Jason just trades GBP/USD and EUR/USD. Crude is a strange beast and is not a recommended market for new traders.

Also please do not lose sight of 20 pips per day is more than enough for financial freedom. 20 pips times 20 trading days is 400 pips per month. At £10 per pip that is £4,000 tax-free per month.  Currencies alone are more than capable of reaching this target.

Filed under Forex,Spread Betting,Trading by Arthur

Week 3 (15/8 to 19/8)

Maybe it’s the geo-political situation where Traders are wary about getting in to the Market; maybe it’s because Traders have families and are on the summer break; may be a combination of these two and other factors, but I found trading very difficult this week. There were many false signals where just as I enter the market the price reverses and stops me out.

Summary:
GBP/USD this week 40 pips. Total 383 pips for £3,830.00 at £10 per pip
EUR/USD this week 30 pips. Total 370 pips for £3,700.00 at £10 per pip
Crude this week 281 pips. Total 1071 pips for £10,710.00 at £10 per pip
Overall (Currencies Only) this week 70 pips. Total 753 for £7,530.00 at £10 per pip
Overall (Crude included) this week 351 pips. Total 1824 for £18,240.00 at £10 per pip

Please remember that the Crude Oil trades are purely for my own satisfaction as Jason just trades GBP/USD and EUR/USD. Crude is a strange beast and is not a recommended market for new traders.

Also please do not lose sight of 20 pips per day is more than enough for financial freedom. 20 pips times 20 trading days is 400 pips per month. At £10 per pip that is £4,000 tax-free per month.  Currencies alone are more than capable of reaching this target.

Filed under Forex,Spread Betting,Trading by Arthur

Forex Hijacker

Week 2 (8/8 to 12/8)

Due to a minor operation I was unable to trade Thursday and Friday.

Summary:
GBP/USD this week 179 pips. Total 343 pips for £3,430.00 at £10 per pip
EUR/USD this week 67 pips. Total 340 pips for £3,400.00 at £10 per pip
Crude this week 205 pips. Total 790 pips for £7,900.00 at £10 per pip
Overall (Currencies Only) this week 246 pips. Total 683 pips for £6,830.00 at £10 per pip
Overall (Crude included) this week 451 pips. Total 1473 pips for £14,730.00 at £10 per pip

Please remember that the Crude Oil trades are purely for my own satisfaction as Jason just trades GBP/USD and EUR/USD. Crude is a strange beast and is not a recommended market for new traders.

Also please do not lose sight of 20 pips per day is more than enough for financial freedom. 20 pips times 20 trading days is 400 pips per month. At £10 per pip that is £4,000 tax-free per month.  Currencies alone are more than capable of reaching this target.

Filed under Forex,Spread Betting,Trading by Arthur

Folks,

just to let you know I am in hospital today (Thursday) and tomorrow. I won’t be trading. I’ll post the results for this week over weekend.

Art

Filed under Forex,Spread Betting,Trading by Arthur

Week 1 (1/8 to 5/8)

Friday was non-farm payroll day (NFP), a day where a single item of economic news has significant impact on the ForEx market; NFP is day I do not trade. Here are the results for week 1:

Summary:
GBP/USD this week 164 pips. Total 164 pips for £1,640.00 at £10 per pip
EUR/USD this week 273 pips. Total 273 pips for £2,730.00 at £10 per pip
Crude this week 585 pips. Total 585 pips for £5,850.00 at £10 per pip
Overall (Currencies Only) this week 437 pips. Total 437 for £4,370.00 at £10 per pip
Overall (Crude included) this week 1022 pips. Total 1022 for £10,220.00 at £10 per pip

Please remember that the Crude Oil trades are purely for my own satisfaction as Jason just trades GBP/USD and EUR/USD. Crude is a strange beast and is not a recommended market for new traders.

Also please do not lose sight of 20 pips per day is more than enough for financial freedom. 20 pips times 20 trading days is 400 pips per month. At £10 per pip that is £4,000 tax-free per month.  Currencies alone are more than capable of reaching this target.

Filed under Forex,Spread Betting,Trading by Arthur