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From the category archives:
February 1, 2012
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 commentsJanuary 31, 2012
A losing trade today which I was expecting seeing as we’ve had four winners in a row.
Day 6: -£210
Total: +£800
0 commentsJanuary 31, 2012
A good start to the week yesterday with another winning trade.
Day 5: +£300
Total: +£1,010
0 commentsJanuary 27, 2012
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 commentsJanuary 26, 2012
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 commentsJanuary 26, 2012
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 commentsJanuary 25, 2012
January 24, 2012
Day 1: -£200
Total: -£200
Well a losing trade on the first day at £10 a pip.
Looking back over the last 14 days shows a profit of around £1,200 but of course that’s back testing. Let’s see what tomorrow brings.
0 commentsJanuary 24, 2012
I’m going to be testing out Time Shift Trader over the next few months. You get a 74 page manual which is concise and well written. If you have trading experience you need only go to the main system information but if you have no trading experience at all then it covers opening a spread betting account, finding the market, and how to place your trade.
There is no fluff or filler, it’s a good manual, and comes with e-mail support from the author should you have any questions.
On to the system and this is not a new method of trading by any means. I basically had an idea of what it was from reading the sales page and it was exactly as I expected. It is almost entirely the same as Quick Trade FX which we are also testing at the moment, however the difference here is the particular market we are trading on, and the time at which the trade is placed, in this case between 1pm and 1.25pm.
This suits me fine actually as I cannot at present trade early mornings.
All you have to do is login to your spread betting platform at some point between 1pm and 1.25pm, check the price on a particular market and place a particular type of trade with a set stop loss and profit target.
The stop loss is always 20 pips and the profit target is between 10pips and 40 pips and left up to you but comes with a chart showing the results of past trades with various targets, their profits and strike rates.
According to the chart a profit target of 40 pips is more profitable but only has a 41.7% strike rate, whereas a profit target of 10 has an 80% strike rate but less overall profit.
For the sake of simplicity I shall go for a 3:2 ratio, so a profit target of 30 pips with a 20 pip stop loss. Apparently this has a 53.3% strike rate and if the numbers stack up, should provide a profit over time.
This is a nice, simple, relaxed trading method. Whether it proves profitable or not remains to be seen.
The system comes with a full, no quibble, 30 day money back guarantee.
You can try Time Shift Trader here:
http://www.cash-master.com/timeshifttrader.php
0 commentsJanuary 20, 2012
There have been some slight changes to the way this is traded, with some new indicators. I am still looking at a 40 pip per day target, and the cash-masters standard £10 per pip still applies. However, there is also a change to Roz’s staking method. As I am going for 40 pips per day I am going to use 4% risk. This requires a recalculation of the first weeks profit total which was based on 2% risk as follows:
Week 1 total: 172 pips for £1,720 at £10 per pip, or £172.00 using Roz’s stake plan, 40 pips per day, 4% risk and a £1,000 starting balance. Week 2 will use £1.17 per pip.
I will also be using 1:1 risk/reward for 1 minute entries and 2:1 for 15 minute entries.
Week 2
Happily able to trade more than I feared 
| Date | Time | Direction | Stop | Pips |
|
16-Jan |
08:07 |
Buy |
10 |
8 |
|
16-Jan |
08:36 |
Buy |
8 |
6 |
|
16-Jan |
09:09 |
Buy |
12 |
10 |
|
16-Jan |
09:46 |
Buy |
14 |
14 |
|
16-Jan |
10:54 |
Sell |
14 |
14 |
|
17-Jan |
08:32 |
Buy |
13 |
13 |
|
17-Jan |
09:41 |
Buy |
9 |
9 |
|
17-Jan |
10:24 |
Buy |
10 |
10 |
|
17-Jan |
11:43 |
Buy |
13 |
-5 |
|
17-Jan |
13:19 |
Buy |
7 |
-7 |
|
17-Jan |
13:41 |
Buy |
8 |
8 |
|
17-Jan |
14:15 |
Sell |
14 |
14 |
|
17-Jan |
14:30 |
Sell |
30 |
30 |
|
18-Jan |
06:59 |
Buy |
11 |
22 |
|
18-Jan |
08:27 |
Sell |
12 |
12 |
|
18-Jan |
10:52 |
Buy |
10 |
10 |
|
19-Jan |
09:07 |
Sell |
8 |
8 |
|
19-Jan |
09:43 |
Buy |
11 |
11 |
|
19-Jan |
10:31 |
Buy |
10 |
10 |
|
19-Jan |
11:23 |
Sell |
9 |
-9 |
|
19-Jan |
11:30 |
Buy |
17 |
17 |
|
19-Jan |
13:09 |
Sell |
9 |
9 |
|
20-Jan |
08:02 |
Sell |
10 |
-10 |
|
20-Jan |
09:09 |
Sell |
13 |
13 |
|
20-Jan |
09:33 |
Sell |
18 |
18 |
|
20-Jan |
10:47 |
Sell |
16 |
-16 |
I stopped trading early on Friday as I was struggling a bit with a cluster headache, Roz says she doesn’t trade Friday afternoons, and pip target for the week has been exceeded anyways..
Week 2 total: 219 pips for £2,190 at £10 per pip, or £260.91 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 £1.43 per pip.
Overall total: 391 pips for £3,910 at £10 per pip, or £432 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.
Your results will be different from mine. I have had an exceptionally good week, many others did not.
0 comments
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