Monday, July 21, 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 today.
July cumulative 97 pip loss (£-595).

Inside Bars (1% risk per trade)
CLOSED - USDCHF - buy @ 1.0216, 15 pip profit
CLOSED - EURUSD - sell @ 1.5875, 12 pip profit
July cumulative 35 pip profit (£304)

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, 21/7 break even
July cumulative to 4/7 131 pip loss (£-796)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - w/c 14/7 closed buy @ 212.04, 189 pip loss (1%), closed sold @ 210.15, 189 pip loss (1%), w/c 21/7 live - sold @ 212.58, stop/reverse 213.94
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 417 pip loss or £-1,507 (-7.5%)

Daily pivots: GBPUSD 1.9962, EURJPY 169.09, GBPJPY 213.06

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