324 pips profit was generated for the month of January 2010
Dear friends,
We had generated 324 pips profit for the month of January 2010. 11 trades were executed: 8 trades won and 3 trades lost. This results in a Success rate of 73%!
If you are trading 1 full contract (100,000) per trade, your profit for 324 pips will be around US$3,240.
Here are the details of my trades:
1. EURUSD: 52 Pips Profit
Support seems to be forming at 1.3950, so decide to take profit.
Bought back EURUSD at 1.3958, profit is 52 pips.
Original trade:
Original trade:
Sell EURUSD at 1.4010
Stop level at 1.4066
Target level at 1.3876
2. USDCHF: 50 Pips Loss
Stop triggered, loss is 50 pips.
Original trade:
Sell USDCHF at 1.0470
Stop level at 1.0520
Target level at 1.0380
3. EURUSD: 90 Pips Profit
Target level is reached at 1.4088, profit is 90 pips.
Original trade:
Sell EURUSD at 1.4178
Stop level at 1.4245
Target level at 1.4088
4. AUDUSD: 76 Pips Profit
AUDUSD suddenly spikes up, I think this is just temporary.
Decides to close my position. Sold at 0.9076, profit is 76 pips.
Original trade:
Buy AUDUSD at 0.9000
Stop level at 0.8930
Target level at 0.9150
5. AUDUSD: 80 Pips Loss
Stop triggered at 0.9045, loss is 80 pips.
Original trade:
Buy AUDUSD at 0.9125
Stop level at 0.9045
Target level at 0.9245
6. USDJPY: 46 Pips Profit
RSI has shown sell signal. So its better to take profit. Sold USDJPY at 91.79, profit is 46 pips.
Original trade:
Buy USDJPY at 91.33
Stop level at 90.63
Target level at 92.33
7. EURUSD: 48 Pips Profit
Decides to close at 1.4488, profit is 48 pips.
Original trade:
Sell EURUSD at 1.4536
Stop level at 1.4610
Target level at 1.445
8. EURUSD: 66 Pips Profit
Decides to close 1 lot of EURUSD (shorted at 1.4550) at 1.4484. Profit is 66 pips.
Original trade:
Sell EURUSD at 1.4550
Stop level at 1.4620
Target level at 1.4450
9. EURUSD: 24 Pips Loss
Price looks weak. Cut loss at 1.4539, loss is 24 pips.
Original trade:
Buy EURUSD at 1.4563
Stop level at 1.4510
Target level at 1.4650
10. EURUSD: 53 Pips Profit
H1 indicators show buy signals.
Closed my position at 1.4478, profit is 53 pips.
Original trade:
Sell EURUSD at 1.4531
Stop level at 1.4600
Target level at 1.4440
11. USDCHF: 47 Pips Profit
Takes profit at current price of 1.0350, profit is 47 pips.
Original trade:
Buy USDCHF at 1.0303
Stop level at 1.0230
Target level at 1.0400
All of my trades are executed based on fully tested trading system based on real life experience. We do not have 100% success rate but we have more wins than losses, this shows that we had a proven strategy.
If you are interested to learn about this trading strategy, send an email to me at metal.commodity@tradingeducationprogram.org to sign up for my Trading Education Program.
Regards
Forex educator
Tactical Trading Academy
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Risk Disclosure:
For every trade, do not risk more than 2 percent of the balance margin. This is computed by dividing the stop loss for the trade with the balance margin.
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[...] Support seems to be forming at 1.3950, so decide to take profit. Bought back EURUSD at 1.3958, profit is 52 pips. Read more… [...]
[...] 324 pips profit generated in the month of January 2010: See here. [...]
[...] 324 pips profit generated in the month of January 2010: See here. [...]