Spread Betting

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

I am going to be looking at Forex Hijacker published by Canonbury Publishing. The cost is £287 with a 30-day money back guarantee. What you get is a pdf and training videos to back the book up. I found the pdf a tad bloated with details on how to open accounts with Brokers, this information could have been put in to a separate book or left as an online resource. However, the video support is welcome and very much worth watching,

There are three systems: basic, fly-past and retrace-to-channel. The first two are very much aimed at noobie traders, and I’ll be focusing on retrace-to-channel. My first impressions are very positive, a simple enough system which may alter the way I currently trade! The systems are well laid out and are, I believe, easy to follow. I did have a question which Jason responded to quickly, even though it was posed on Sunday.

I will be looking at the GBP/USD and EUR/USD pairs as this is what Jason, the author, looks at. I will also be doing my own thing with Crude Oil as my personal trading is in the Oil market and I want to have a look-see as to whether I should incorporate this system in to my own trading plan.

I will be using the cash-master standard £10 per pip and each trade will have a 15 pip stop loss. I will update results each weekend rather than daily.

Filed under Forex,Spread Betting,Trading by Arthur