May 4, 2012

ForEx Trend Rider

NFP today, so early finish to this week

Week 8

 

EUR/USD 15 minute (flat £10 per pip)

 

Note I work with additional filters:

  • Both MAs below trendline for a sell, or above for a buy
  • Some degree of separation between the MAs
  • Don’t trade off a large bar (think this is in the manual anyway) of around 20+ pips long
  • Don’t trade off a large move in either direction as you should never trade the end of move

 

Date Time Direction Stop Pips  P/L
30-Apr 08:15 Buy 21 -21 -£       210.00
01-May 09:30 Buy 20 18  £       180.00
03-May 09:30 Sell 24 -24 -£       240.00
03-May 14:15 Sell 30 28  £       280.00

 

Week 8: 1 pips for £ 10
Overall:  199 pips for £ 1990

 

EUR/USD 4 hour (risking 3% of bank per trade)

 

Date Time Direction Stop Pips Lotsize  P/L
20-Apr 08:00 Buy 112 27  £      2.91  £          78.69

 

Exited this trade early after it went 100 pips in to profit then started to reverse.

 

April: 27 pips for £ 360
Overall:  192 pips for £ 960

 

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.

Filed under Forex,Spread Betting by Arthur

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