Monday, July 14, 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 SOLD @ 1.9834, 50 pip loss (half stake)
July cumulative 123 pip loss (£-725).

Inside Bars (USDJPY & EURUSD @ 1% risk per trade - if not triggered by 2pm, cancel)
None taken today (3 signals; all potentially losing trades!)
July cumulative 21 pip loss (£-76)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 7/7 - break even, 8/7 2% loss, 9/7 1% win, 10/7 0%, 11/7 2% loss,
14/7 1% win
July cumulative to 4/7 131 pip loss (£-796)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - live buy @ 212.04, stop/reverse 210.15
July cumulative 224 pip loss (£-400)

Wednesday Special (1% risk per trade GBPJPY)
July cumulative 0 pip profit (£0)

July total cumulative 499 pip loss or £-2,017 (-10.1%)

Daily pivots: GBPUSD 1.9868, EURJPY 168.95, GBPJPY 211.10

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