August 13, 2011

Forex Hijacker

Forex Hijacker

 

Week 2 (8/8 to 12/8)

 

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

 

Date

Pair

Entry

Stop

Direction

Close

Pips

08-Aug

GBPUSD

16447

15

Buy

16460

13

08-Aug

EURUSD

14382

15

Buy

14397

15

08-Aug

Crude

8400

30

Buy

8450

50

08-Aug

EURUSD

14225

15

Sell

14175

50

08-Aug

GBPUSD

16380

15

Sell

16332

48

08-Aug

Crude

8350

30

Sell

8300

50

08-Aug

Crude

8400

30

Buy

8370

-30

09-Aug

EURUSD

14269

15

Buy

14276

7

09-Aug

GBPUSD

16360

15

Buy

16385

25

09-Aug

Crude

8000

30

Buy

7970

-30

09-Aug

Crude

7930

30

Buy

8000

70

09-Aug

GBPUSD

16345

15

Sell

16320

25

09-Aug

Crude

8190

30

Buy

8295

105

09-Aug

GBPUSD

16285

15

Sell

16210

75

09-Aug

EURUSD

14230

15

Sell

14220

10

10-Aug

GBPUSD

16270

15

Sell

16262

8

10-Aug

EURUSD

14320

15

Sell

14335

-15

10-Aug

Crude

8200

30

Buy

8220

20

10-Aug

GBPUSD

16263

15

Sell

16278

-15

10-Aug

Crude

8240

30

Buy

8210

-30

 

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

8 comments

{ 8 comments }

andre August 13, 2011 at 9:40 am

hi there . is this forex hijacker system easy to implement . what i mean is , does it give pricise entry and exit figures , and will my results be the same as yours .

thanks you.

Arthur August 13, 2011 at 2:25 pm

Yes to easy to implement.

Entry & exit depends how you use it, it is not mechanical and you’ll have a slight variance to my results. So the answer to the question you posed is No, it’s not “precise”.

I think, however, that you might be missing the point. It’s not the hundreds of pips that I have made that is important, rather can you make 20 pips per day. You should be able to do that using the methods described in Hijacker.

alex August 18, 2011 at 7:34 pm

Arthur,

Which SB are u using ?

thanks
Alex

Arthur August 18, 2011 at 9:13 pm

Sorry Alex, SB?

Keven August 19, 2011 at 9:40 am

Hi Arthur– For Oil are you using Brent or US Crude ? Do you use Daily Spot prices or the quarterly contract ?

p/s I think SB means spread-better !?

Arthur August 19, 2011 at 10:44 am

Thanks krh,

I use IGIndex for this as this is what Ron uses, although it matters not so long as you can use a 10 minute chart and you have reasonable spreads.

Crude means Sweet Light Crude, not Brent, and I am using daily spots for all 3 instruments as nothing is left open overnight.

Oil, as you are probably aware, is a cruel mistress who will spank you and praise you in equal measure! You will have noticed I use wider stops. This is NOT a recommended instrument for new traders. But I have been trading Oil for nigh on 2 years and it is my instrument of choice.

SB could have meant Starting Bank!

For currencies, the stop is 15 pips, or £150 at the standard £10 per pip. Risking 1% per trade this would require a bank of £15,000, or a bank of £3,000 for 5% per trade. 3% per trade is sensible, sand this would require a bank of £5,000. THIS IS PER INSTRUMENT, so you’d need £10,000 to play both GTBP/USD and EUR/USD at £10 per pip. The wider stops of Oil mean a larger bank of about £10,000 is required.

However, you can play for smaller stakes of 10p on some platforms, and build you bank to these sort of levels. To play at 10p banks of £50 for currencies and £100 for Oil is all that is required. At 20 pips per day, you’ll be at £10 per pip in under 12 months even from these lowly starting banks. Ah, the power of compounding.

Andrew Pinkus August 19, 2011 at 8:44 pm

Hi Arthur, i currently use Capital spreads for my broker, am i able to use the trailing stop loss with them or am i best to use another broker? Also what time would we receive the email from you in the morning as to what we should set our 10 minute trade for the day? After the 60 days emails for the trades can we carry on receiving these emails after that period? Sorry for all the questions.

Thanks
Andrew

Arthur August 20, 2011 at 5:34 am

Hi Andrew,

I am just the tester not the Author so I am unable to address your questions. The “Contact Us” page for this product is http://www.canonburypublishing.com/hijacker/forex-hijacker-contact.html.

I don’t use Capital Spreads, so you need to contact their support to enquire about trailing stops, but this is a basic facility in ForEx so I would think that you could. I don’t use Trailing Stops anyway.

Emails arrive before 7 each morning if that helps at all.

Arthur

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