November 19, 2010

Weekly Trading Update - 15-19 November 2010

It's been a much quieter week this week because I couldn't trade on Tuesday or Wednesday as I had some health problems to deal with, as I mentioned in my last blog post. However I did manage to open one position using my main 4 hour trading system (see right for more details), and I was rather lucky with the Forex Morning Trade system as the system was stopped out at break-even on Tuesday and on Wednesday the trading conditions were not met, so there was no trade for that day.

It was still another pretty good week for this day trading system though, as you can see from the results below:

Monday: +40 points
Tuesday: 0 (break-even)
Wednesday: no trade
Thursday: -40 points
Friday: +40 points

40 points is a decent enough return, and I still haven't had a single losing week since I first began using the system back in September.

(Incidentally the system has been tweaked slightly, but I am still using the old settings of 40 points for the target price and stop loss, and 24 points as the point when I move my stop loss to break-even).

If you would like to check out the Forex Morning Trade system for yourself, you can do so by visiting the official website, or by reading my full Forex Morning Trade review.

My 4 hour trading system found one decent set-up this week (although I think we could get a decent trade on the EUR/USD very soon, as I mentioned yesterday) and that was on the GBP/USD pair. The long-term trend is still bullish, as indicated by the Supertrend indicator on the daily chart so I entered a long position at 1.5987 after the EMAs crossed upwards on the 4 hour chart.

I usually close half the position for 50 points and let the other half run, but on this occasion it hit my target very quickly and I was more than happy to close the whole position for 50 points just to guarantee a decent profit for a week (as I was at break-even at this stage before today's winning trade on the FMT system).

So all in all it hasn't been a bad week at all in terms of my trading results, although it was a very stressful week away from trading, having been rushed to hospital on Tuesday with possible heart problems.



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2 Comments on Weekly Trading Update - 15-19 November 2010 »

November 20, 2010

Hector @ 11:49 am:

Thanks for your blog entries and hopefully your health improve

Trevor @ 3:46 pm:

The 06.30 (GMT/BST) GBP day-trading system seems counter-intuitive because the chart only really takes off at London open (08.00 GMT). It's hard to fathom what indicator 90 minutes earlier could predict how the pound will move from 08.00. 08.00 - 12.00 is certainly a great time to trade, whatever the system! There is also a strong pattern of trend-reversal at 12.00 which deserves a system in itself.

Sorry to hear of your health upset. I strongly recommend following , the Internet's leading alternative-health site. Key aspects are: low or no grains, maximising raw foods, and avoiding medications and vaccines. Even something as simple as supplementing iodine and magnesium, of which most are deficient, can make a big difference. And replenish your vitamin D, especially in winter — with low-latitude travel, tablets or artificial lighting in the range of 280-315 nanometres (UVB). Sunbeds provide a little but special medical tubes are best … just fit a mixture for combined tanning and health.

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