Wednesday April 6th (Day 2)
3 trades today (lose, win, lose):
Trade #1
2% risk amount = £98.20
Stop size = 18 pips
Stake = £5/pip
Proft = -18 pips (-£90)
Trade #2
2% risk amount = £96.40
Stop size = 13 pips
Stake = £7/pip
Proft = +20 pips (+£140)
Trade #3
2% risk amount = £99.20
Stop size = 23 pips
Stake = £4/pip
Proft = -23 pips (-£92)
Bank: £4868
P/L: -£132
0 comments
Filed under Forex,Spread Betting,Trading by Les
Tuesday April 5th (Day 1)
Just the one qualifying trade today which was a loser:
2% risk amount = £100
Stop size = 15 pips
Stake = £6/pip
Proft = -15 pips (-£90)
Bank: £4910
P/L: -£90
0 comments
Filed under Forex,Spread Betting,Trading by Les
An unexpectedly busy week has delayed the start of the trial somewhat, so testing will commence proper tomorrow. In the meantime, now is a good opportunity to explain the “daily target” system that I will be employing.
FX-180 is pretty flexible in terms of when and how you can use it, so I will be utilising an approach that Graham once used during the testing of The Ultimate Forex Predictor:
1. Aim for 1 winning trade of 20 pips. If this is hit on the first trade, quit for the day
2. If the first trade was a loser, aim for 2 further winning trades (maximum of 3 trades per day)
3. If the second trade is a loser, quit for the day.
The manual does give guidelines on the best times of day to trade (and when NOT to trade) so I will be taking that into consideration. The basic philosophy I will be following is to get in and out for the day as quickly as possible with a profit.
0 comments
Filed under Forex,Spread Betting,Trading by Les
Over the next few weeks I’m going to be taking a look at another Keith Coterill / Canonbury Publishing trading method called FX-180. Regular readers of the blog will already know that Keith is the face behind The Ultimate Forex Predictor and ATM-FX, both of which have been blogged here previously. FX-180 is a method aimed at primarily day trading the Forex markets, although the author does point out that it can be applied to various markets and timeframes.
For the purposes of this blog I will be applying the method to the GBP/USD pair using a 5-minute chart. This happens to be the same chart setup that is used throughout the manual so at least I won’t be straying from what the author demonstrates. For each trade I will be aiming to scalp 20 pips from the market which is one of the take-profit strategies included in the manual.
Starting with a bank of £5000, my strict money management rules will dictate that each trade risks only 2% of the current bank.
0 comments
Filed under Forex,Spread Betting,Trading by Les
Week 5 (to 25th February)
| Date |
At |
Pair |
Pips |
Profit |
|
| 23-Feb |
07:07 |
EURJPY |
-50 |
-£ 500.00 |
Lisa -50 pips |
| 24-Feb |
16:10 |
EURJPY |
-50 |
-£ 500.00 |
Lisa -50 pips |
.
Week 6 (to 4th March)
| Date |
At |
Pair |
Pips |
Profit |
|
| 28-Feb |
00:29 |
AUDJPY |
(a) |
£ - |
Lisa -45 pips |
| 28-Feb |
11:00 |
audjpy |
(b) |
£ - |
Lisa -27 pips |
| 28-Feb |
17:06 |
USDCHF |
-53 |
-£ 530.00 |
Lisa -53 pips |
(a) Missed this trade
(b) I set pending orders for Lisa’s signals, this trade never triggered.
.
Week 5 total is -100 pips and week 6 total is -53 pips for -£530. Overall the total is 35 pips for £350.
Had you been able to take all of Lisa’s signals the overall total would be -125 pips for -£1, 250.
0 comments
Filed under Forex,Spread Betting,Trading by Arthur
Week 4 (to 18th February)
This week, I managed to do slightly better than Lisa as the market had moved in my favour by the time I acted on a close signal.
| Date |
At |
Pair |
Pips |
Profit |
|
| 15-Feb |
09:01 |
EURUSD |
59 |
£ 590.00 |
Lisa +60 pips |
| 16-Feb |
19:27 |
AUDUSD |
33 |
£ 330.00 |
Lisa +30 pips |
.
Week 4 total is 92 pips for £920. Overall total is 188 pips for £1,880.
Had you been able to take all of Lisa’s signals the overall total would be 276 pips for £2,760.
0 comments
Filed under Forex,Spread Betting,Trading by Arthur
Following Chris’s review of this method, where he made £7800 profit in eight weeks, I decided to have a look myself. I have to say, I’m well impressed with what you get, especially as it’s a one off purchase with no ongoing subscriptions or data feeds etc. And it’s a very reasonable price too, compared with similar products on the market. Included in your purchase you get access to a members website where videos of each days trades are uploaded regularly, usually daily, going through each trade so you can see that you’re doing it correctly.
There is also a members only Skype room with a good bunch of people in there every day. The author, Lee, is usually in there too as he trades the method full time, so there’s pretty much instant support if you need it either from him or from other seasoned Boss traders.
This is an ideal trading package for beginners and seasoned traders alike and the results since Chris’s test have continued to be very impressive, totalling 1544 pips profit for 2011 so far, which is £15,440 at £10 a pip.
If you don’t already use this method, or you are looking for something to get you started in trading, then I highly recommend having a look at this. It’s a brilliant all round trading package.
You can get it here:
http://www.cash-master.com/bosswins.php
1 comment
Filed under Forex,Spread Betting by Graham
Week 3 (to 11th February)
I have to record the signals as I receive them. This means that this week I missed the close signal on GBOUSD on the 9th where Lisa closed for break-even but I lost 40 pips and I also missed the signal for NZDUSD on the 10th where Lisa got 50 pips. This is because these signals were issued after 11pm and long after I go to bed.
| Date |
Pair |
Pips |
Profit |
|
| 07-Feb |
EURUSD |
-20 |
-£ 200.00 |
|
| 07-Feb |
GBPUSD |
-62 |
-£ 620.00 |
|
| 08-Feb |
USDCAD |
57 |
£ 570.00 |
|
| 09-Feb |
GBPUSD |
-40 |
-£ 400.00 |
Lisa broke-even |
| 10-Feb |
NZDUSD |
0 |
£ - |
Lisa got +50 |
| 10-Feb |
EURJPY |
62 |
£ 620.00 |
|
.
Week 3 total is -3 pips for -£30. Overall total is 96 pips for £960.
Had you been able to take all of Lisa’s signals the overall total would be 186 pips for £1,860.
0 comments
Filed under Forex,Spread Betting,Trading by Arthur
Week 2 (to 4th February)
There was 1 trade open last weekend which closed this week. So the adjusted figures for Week 1 are:
| Date |
Pair |
Pips |
Profit |
| 24-Jan |
AUDUSD |
56 |
£ 560.00 |
| 26-Jan |
AUDJPY |
-53 |
-£ 530.00 |
| 28-Jan |
EURGBP |
50 |
£ 500.00 |
.
Week 1 total was +53 pips for +£530.00.
.
There aren’t any open trades this weekend, so Week 2’s results are:
| Date |
Pair |
Pips |
Profit |
| 02-Feb |
EURCHF |
-65 |
-£ 650.00 |
| 02-Feb |
NZDUSD |
50 |
£ 500.00 |
| 03-Feb |
AUDUSD |
40 |
£ 400.00 |
| 03-Feb |
EURUSD |
-49 |
-£ 490.00 |
| 03-Feb |
GBPUSD |
70 |
£ 700.00 |
.
Week 2 total is +46 pips for +£460.00.
Grand total is +99 pips for +£990.00.
0 comments
Filed under Forex,Spread Betting,Trading by Arthur