Tuesday, July 22, 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 - USDJPY - sell @ 106.40, 12 pip profit
CLOSED - EURUSD - buy @ 1.5930, 22 pip loss
Couldn't get in the USDJPY and GBPUSD - both hit target!!
July cumulative 25 pip profit (£204)

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, 22/7 2% loss
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 427 pip loss or £-1,607 (-8.0%)

Daily pivots: GBPUSD 1.9992, EURJPY 169.50, GBPJPY 213.06

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