Thursday, July 24, 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 - GBPJPY - SELL @ 214.86, 95 pip profit
Couldn't get in Cable trade; was putting on the GBPJPY trade.
EURJPY not taken as data release coming up
July cumulative 2 pip loss (£-355).

Inside Bars (1% risk per trade)
CLOSED - USDJPY - Buy @ 107.86, 21 pip loss
CLOSED (near pivot point) - USDJPY - sell @ 107.65, 4 pip loss
CLOSED DUE TO FINOTEC DATA FEED PROBLEMS!!! - GBPUSD - sell @ 1.9859, 4 pip loss (should have been at least a 10 pip profit)
July cumulative 38 pip profit (£-660)

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, 23/7 1% win
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 closed - sold @ 212.58, 136 pip loss, live - bought @ 213.94
July cumulative 224 pip loss (£-400)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 16/7 1% win, 23/7 break even
July cumulative 0 pip profit (£0)

July total cumulative 442 pip loss or £-2,211 (-11.0%)

Daily pivots: GBPUSD 1.9967, EURJPY 169.47, GBPJPY 214.94

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