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 @ 1.9959, 26 pip profit
July cumulative 97 pip loss (£-595).
Inside Bars (USDJPY, EURUSD & USDCHF @ 1% risk per trade - if not triggered by midday, cancel)
One not taken - USDJPY - broke both ways for a break even trade.
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, 17/7 1% win, 18/7 break even
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 (1%), closed sold @ 210.15, 189 pip loss (1%)
July cumulative 224 pip loss (£-400)
Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 16/7 1% win
July cumulative 0 pip profit (£0)
July total cumulative 444 pip loss or £-1,687 (-8.4%)
Daily pivots: GBPUSD 2.0006, EURJPY 167.84, GBPJPY 211.89
Friday, July 18, 2008
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