Feb
12

12 February 2009.

Posted by Russell

Forex Trading - Make Money at it? Well there were no forex trades indicated yesterday (the 11th February) either so I didn’t want to waste your time by entering yet another “No Trades Today” post.

We do have a trade today and we are trading on the GBP/CHF (British Pound/Swiss Franc) market. I placed the trade at 8:04 a.m. and it’s now 9:55 a.m. I went off for some breakfast after placing the order and just came back to the computer to see that I have made $227 so far. Not bad whilst you’re just eating some eggs!

I’ll add to this post later when we have more news and I’ll include a link to the statement but for now I’m off to play golf.. Later..

Well we saw the trade get up to $1250 in profit by lunch time looking back at the graphs.

We could see the market was starting to recover a bit but for testing purposes we let it run it’s course. We were right! We could have taken a VERY nice profit but by leaving the trade too long eventually the market recovered enought to trigger our Stop Loss for a loss of $148.60.

Lesson learned!

Here’s the link to my statement covering trades up to the 12th of February.

Share and Enjoy:

Uncategorized

Add comments

Feb
10

10th February 2009.

Posted by Russell

Should you trade GBP on the Forex Market today or not? That is the question.. It was a funny old night on the Tokyo Forex Market last night and the new system whilst showing fantastic trading profits at times can be rather conservative which isn’t a bad thing

Therefore there were no trades indicated again today which leaves further time for studying the new forex system and looking for trading tweaks but unfortunately there’s no money to be earned today.

The currency markets for the GBP are very twitchy at the moment so we’re probably better off leaving the cash in the brokers capable hands today..

Share and Enjoy:

Uncategorized

Add comments

Feb
09

9th February 2009.

Posted by Russell

Today the forex trading system we have developed came up with no trades. It’s no use trying to buck the system and force a trade for the sake of having a trade. If we did that then this blog wouldn’t be a true test of the system so we’ll take the day off and come back to check the charts first thing tomorrow.

Share and Enjoy:

Forex Trading Daily Reports

Add comments

Feb
06

The 5th and 6th of February 2009.

Posted by Russell

Why sit there all day watching the Forex?

It’s now the 6th of February 2009. To start testing our new “profit making” Forex system on the 5th we deposited $5000 with our Swiss broker in a new account to test our new theory which focuses on dealing with The British Pound. We traded that day on the Pound paired with the Japanese Yen.

It was a very straightforward day as it turned out. We placed our order at 10:06 to buy at 129.50 and by 12:00 we were far enough in front to attach a trailing stop loss to the trade. At 12:44 this was activated and we sold at 129.96 and had made 46 pips valued at $512.54

On the 6th of February we again traded the Pound against the Japanese Yen. We placed an order to buy at 133.03. This day was a bit slower and the early stop loss price of 133.03 was nearly activated. We went out for the afternoon and came back at 6:00 p.m. to see the trade was complete and we had made 128 pips (at a lower rate per pip than yesterday) for a nice profit of $139.21.

Here’s the link to my statement covering the 5th and 6th of February.

Share and Enjoy: