Thursday, July 3, 2008

STATE OF PLAY (Target/stop loss 20/30 on GBPUSD & EURJPY, 40/60 on GBPJPY for system II; capital £20,000, 1.5% risk per trade)

System I signals (renamed from system II)
CLOSED - GBPUSD SELL @ 1.9893, 30 pip loss
July cumulative 73 pip loss (£-475).

Inside Bars (USDJPY & EURUSD @ 1% risk per trade - if not triggered by 2pm, cancel)
None taken yet.
July cumulative 17 pip profit (£114)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
CLOSED (due to choppy conditions) - SOLD @ 1.0149, 1 pip profit
July cumulative 131 pip loss (£-796)

Weekly Break Out (1% risk per trade GBPJPY)
July cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
No trade on 2 July due to price action.
July cumulative 0 pip profit (£0)

July total cumulative 187 pip loss or £-1,157 (-5.8%)

Daily pivots: GBPUSD 1.9918, EURJPY 168.04, GBPJPY 211.29

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