Wednesday, July 16, 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)
No live trades yet.
July cumulative 123 pip loss (£-725).

Inside Bars (USDJPY & EURUSD @ 1% risk per trade - if not triggered by 2pm, cancel)
CLOSED - sell @ 103.96, 10 pip profit
CLOSED - buy @ 1.5941, 1 pip loss
CLOSED - USDCHF - sell @ 1.0060, 20 pip profit
July cumulative 8 pip profit (£124)

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, 15/7 1% win, 16/7 1% win
July cumulative to 4/7 131 pip loss (£-796)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - closed buy @ 212.04, 189 pip loss, live sold @ 210.15
July cumulative 224 pip loss (£-400)

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

July total cumulative 470 pip loss or £-1,817 (-9.1%)

Daily pivots: GBPUSD 2.0046, EURJPY 167.33, GBPJPY 210.31

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