This is the 3rd report on Forex Useful and covers the period from 3rd Dec to and inclusive of 23rd Dec.
A quick recap; I have chosen to concentrate on “Intraday Trading” Pivot Trading, one of the three methods that Forex Useful employ and support members using these systems with regular weekly workshops containing general advice on each system and performance to date. This is not a copier service being offered to those who become members, more a set of sound principles behind each of the 3 systems and guidance on how to employ these principles.
I scan my chosen 14 pairs every morning Monday to Friday at circa 07:30 looking for the best set ups based on the manual, the instruction videos and the Indicator which displays possible Entry/Stop Loss and Take Profit for each pair. This indicator is available to members who have purchased the Prof – I also dip into the weekly workshop advice on the weekends as to how to maximise the chances of a successful trades. I then either place pending trades on set ups I believe will work or pass on the day. The whole business, with very little practice, takes me around 15 minutes maximum.
3rd Dec – 23rd Dec Pivot Trades:
All of the trades set were allowed to either run their course or stopped if the target profit had not been met by 17:00 on the day in question. Once more I had an excellent run of results suffering only 1 loss and coming out of the period well on top. I do believe that by limiting the pairs I monitor I am becoming more and more familiar with the behaviour of the pairs.
5 Dec Eu/Jpy +38 pips.
5 Dec Eu/Usd +32 pips
8 Dec Nz/Jpy +32 pips
9 Dec Nz/Jpy +10 pips
12Dec Eu/Jpy +15 pips
12Dec Usd/Cad +13 pips
19 DecNz/Usd +40 pips
20 Dec Eu/Usd +30 pips
22 Dec Eu/Au +5 pips
22 Dec Nz/Cad +23 pips
I did not look at any further trades after 23rd Dec until the extended holiday period finished in early Jan 1.1 comment