As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week.

THERE HAVE BEEN EXTREME RANGE MOVEMENTS OCCURRING YESTERDAY AND OVERNIGHT. CLEARLY NORMAL STOP LOSSES CANNOT APPLY IN THESE CONDITIONS AND SO TRADING IS TEMPORARILY SUSPENDED UNTIL LESS EXTREME MOVEMENTS RETURN.

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)- price action
No live trades today.
September cumulative 0 pip profit (£0).

Inside Bars (1% risk per trade)
No live trades yet.
September cumulative 55 pip loss (£-500)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/9 1% win, 2/9 1% win, 3/9 1% win, 4/9 1% win
September cumulative 0 pip profit (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 1/9 buy @ 199.13, sell @ 197.56
September cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only -3/9 - buy @ 192.78, 60 pip profit (1%)
September cumulative 0 pip profit (£0)

September total cumulative 55 pip loss or £-500 (-2.5%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week.

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)- price action
No live trades today.
September cumulative 0 pip profit (£0).

Inside Bars (1% risk per trade)
No live trades yet.
September cumulative 55 pip loss (£-500)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/9 1% win, 2/9 1% win, 3/9 1% win
September cumulative 0 pip profit (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 1/9 buy @ 199.13, sell @ 197.56
September cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only -3/9 - buy @ 192.78, 60 pip profit (1%)
September cumulative 0 pip profit (£0)

September total cumulative 55 pip loss or £-500 (-2.5%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Cable (GBPUSD) has yet again already collapsed before 7am this morning in an extreme move. Difficult conditions.

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)- price action
No live trades today.
September cumulative 0 pip profit (£0).

Inside Bars (1% risk per trade)
CLOSED - USDJPY - sell @ 108.83, 23 pip loss
CLOSED - USDJPY - buy @109.06, 23 pip loss
September cumulative 55 pip loss (£-500)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/9 1% win, 2/9 1% win
September cumulative 0 pip profit (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 1/9 buy @ 199.13, sell @ 197.56
September cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only -
September cumulative 0 pip profit (£0)

September total cumulative 55 pip loss or £-500 (-2.5%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Cable (GBPUSD) has again already collapsed before 7am this morning in an extreme move. Difficult conditions.

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)- price action
No live trades today.
September cumulative 0 pip profit (£0).

Inside Bars (1% risk per trade)
CLOSED - EURJPY - buy @ 1.57.52, 36 pip profit
CLOSED - USDJPY - buy@ 108.96, 16 pip profit
CLOSED - EURUSD - sell @ 1.4475, 29pip loss
CLOSED - GBPUSD - sell 1.7792, 32 pip loss
September cumulative 9 pip loss (£-100)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1% win
September cumulative 0 pip profit (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 1/9 buy @ 199.13, sell @ 197.56
September cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only -
September cumulative 0 pip profit (£0)

September total cumulative 9 pip loss or £100 (-0.5%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week.

Today is Labour Day in the US, making the London session potentially hazardous. Cable (GBPUSD) has also already collapsed before 7am this morning in an extreme move. Trading will therefore recommence tomorrow.

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)- price action
No live trades today.
September cumulative 0 pip profit (£0).

Inside Bars (1% risk per trade)
No live trade yet.
September cumulative 0 pip profit (£0)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only -
September cumulative 0 pip profit (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 1/9 buy @ 199.13, sell @ 197.56
September cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only -
September cumulative 0 pip profit (£0)

September total cumulative 0 pip profit or £0 (0%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Please bear in mind that many seasoned traders do not trade at all during August as markets are notoriously unpredictable.

Today is the last day of the month and potentially hazardous.

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)- price action
No live trades today.
August cumulative 69 pip loss (£-345).

Inside Bars (1% risk per trade)
No live trade yet.
August cumulative 82 pip profit (£182)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/8 break even, 4/8 1% win, 5/8 break even, 6/8 break even, 7/8 1% win, 8/8 break even, 11/8 break even, 12/8 break even, 13/8 break even, 14/8 1% win, 15/8 break even, 18/8 2% loss, 19/8 1% win, 20/6 1% win, 21/8 1% win, 22/8 break even, 25/8 1% win, 26/8 1% win, 27/8 2% loss, 28/8 2% loss (cumulative 2% win)
August cumulative 0 pip loss (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 4/8 closed - sold @ 212.00, 100 pip profit (£165), 11/8 sold @ 210.76, 118 pip profit (£200), 18/8 sold @ 204.76, 176 pip profit (£200), 25/8 sold @ 203.39, 123 pips profit (£200)
August cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 6/8 1% win, 13/8 1% loss, 20/8 break even
August cumulative 0 pip profit (£0)

August total cumulative 51 pip loss or £-163 (-0.8%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Please bear in mind that many seasoned traders do not trade at all during August as markets are notoriously unpredictable.

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)- price action
No live trades today.
August cumulative 69 pip loss (£-345).

Inside Bars (1% risk per trade)
CLOSED - GBPUSD - buy @ 1.8383, 32 pip loss (including 2 pip slippage!)
August cumulative 82 pip profit (£182)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/8 break even, 4/8 1% win, 5/8 break even, 6/8 break even, 7/8 1% win, 8/8 break even, 11/8 break even, 12/8 break even, 13/8 break even, 14/8 1% win, 15/8 break even, 18/8 2% loss, 19/8 1% win, 20/6 1% win, 21/8 1% win, 22/8 break even, 25/8 1% win, 26/8 1% win, 27/8 2% loss (cumulative 4% win)
August cumulative 0 pip loss (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 4/8 closed - sold @ 212.00, 100 pip profit (£165), 11/8 sold @ 210.76, 118 pip profit (£200), 18/8 sold @ 204.76, 176 pip profit (£200), 25/8 sold @ 203.39, 123 pips profit (£200)
August cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 6/8 1% win, 13/8 1% loss, 20/8 break even
August cumulative 0 pip profit (£0)

August total cumulative 51 pip loss or £-163 (-0.8%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Please bear in mind that many seasoned traders do not trade at all during August as markets are notoriously unpredictable.

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)- price action
No live trades today.
August cumulative 69 pip loss (£-345).

Inside Bars (1% risk per trade)
CLOSED - GBPUSD - buy @ 1.8462, 0 pip profit
CLOSED - EURUSD - buy @ 1.4737, 31 pip profit
CLOSED - USDJPY - sell @ 108.72, 26 pip loss
CLOSED - GBPUSD - buy @ 1.8474, 31 pip loss
CLOSED - EURUSD - buy @ 1.4767, 26 pip loss
August cumulative 114 pip profit (£392)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/8 break even, 4/8 1% win, 5/8 break even, 6/8 break even, 7/8 1% win, 8/8 break even, 11/8 break even, 12/8 break even, 13/8 break even, 14/8 1% win, 15/8 break even, 18/8 2% loss, 19/8 1% win, 20/6 1% win, 21/8 1% win, 22/8 break even, 25/8 1% win, 26/8 1% win (cumulative 6% win)
August cumulative 0 pip loss (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 4/8 closed - sold @ 212.00, 100 pip profit (£165), 11/8 sold @ 210.76, 118 pip profit (£200), 18/8 sold @ 204.76, 176 pip profit (£200), 25/8 sold @ 203.39, 123 pips profit (£200)
August cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 6/8 1% win, 13/8 1% loss, 20/8 break even
August cumulative 0 pip profit (£0)

August total cumulative 19 pip loss or £47 (+0.2%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Please bear in mind that many seasoned traders do not trade at all during August as markets are notoriously unpredictable.

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)- price action
No live trades today.
August cumulative 69 pip loss (£-345).

Inside Bars (1% risk per trade)
CLOSED - EURJPY - sell @ 160.13, 26 pip loss
August cumulative 166 pip profit (£798)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/8 break even, 4/8 1% win, 5/8 break even, 6/8 break even, 7/8 1% win, 8/8 break even, 11/8 break even, 12/8 break even, 13/8 break even, 14/8 1% win, 15/8 break even, 18/8 2% loss, 19/8 1% win, 20/6 1% win, 21/8 1% win, 22/8 break even, 25/8 1% win, 26/8 1% win (cumulative 6% win)
August cumulative 0 pip loss (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 4/8 closed - sold @ 212.00, 100 pip profit (£165), 11/8 sold @ 210.76, 118 pip profit (£200), 18/8 sold @ 204.76, 176 pip profit (£200), 25/8 sold @ 203.39, 123 pips profit (£200)
August cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 6/8 1% win, 13/8 1% loss, 20/8 break even
August cumulative 0 pip profit (£0)

August total cumulative 33 pip profit or £453 (+2.3%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Please bear in mind that many seasoned traders do not trade at all during August as markets are notoriously unpredictable.

NO TRADES TODAY DUE TO UK BANK HOLIDAY

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)- price action
No live trades today.
August cumulative 69 pip loss (£-345).

Inside Bars (1% risk per trade)
No live trades yet.
August cumulative 192 pip profit (£988)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/8 break even, 4/8 1% win, 5/8 break even, 6/8 break even, 7/8 1% win, 8/8 break even, 11/8 break even, 12/8 break even, 13/8 break even, 14/8 1% win, 15/8 break even, 18/8 2% loss, 19/8 1% win, 20/6 1% win, 21/8 1% win, 22/8 break even
August cumulative 0 pip loss (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 4/8 closed - sold @ 212.00, 100 pip profit (£165), 11/8 sold @ 210.76, 118 pip profit (£200), 18/8 sold @ 204.76, 176 pip profit (£200), 25/8 stop to buy @ 204.62, stop to sell 203.39
August cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 6/8 1% win, 13/8 1% loss, 20/8 break even
August cumulative 0 pip profit (£0)

August total cumulative 59 pip profit or £643 (+3.2%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Please bear in mind that many seasoned traders do not trade at all during August as markets are notoriously unpredictable.

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)- price action
No live trades today.
August cumulative 69 pip loss (£-345).

Inside Bars (1% risk per trade)
CLOSED - GBPUSD - sell @ 1.8738, 32 pip profit
2PM - EURJPY and USDJPY trades not taken as overbought and Bernanke speaking soon!!
August cumulative 192 pip profit (£988)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/8 break even, 4/8 1% win, 5/8 break even, 6/8 break even, 7/8 1% win, 8/8 break even, 11/8 break even, 12/8 break even, 13/8 break even, 14/8 1% win, 15/8 break even, 18/8 2% loss, 19/8 1% win, 20/6 1% win, 21/8 1% win, 22/8 break even
August cumulative 0 pip loss (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 4/8 closed - sold @ 212.00, 100 pip profit (£165), 11/8 sold @ 210.76, 118 pip profit (£200), 18/8 sold @ 204.76, 176 pip profit (£200)
August cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 6/8 1% win, 13/8 1% loss, 20/8 break even
August cumulative 0 pip profit (£0)

August total cumulative 59 pip profit or £643 (+3.2%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Please bear in mind that many seasoned traders do not trade at all during August as markets are notoriously unpredictable.

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)- price action
No live trades today.
August cumulative 69 pip loss (£-345).

Inside Bars (1% risk per trade)
CLOSED - USDJPY - sell @ 108.66, 31 pip profit
CLOSED - EURJPY - sell @ 160.48, 8 pip profit (would have hit stop loss for 30 pip loss!!)
CLOSED (at resistance) - GBPUSD - buy @ 1.8665, 27 pip profit (would have hit target for additional 18 pips but cable VERY choppy today)
August cumulative 160 pip profit (£802)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/8 break even, 4/8 1% win, 5/8 break even, 6/8 break even, 7/8 1% win, 8/8 break even, 11/8 break even, 12/8 break even, 13/8 break even, 14/8 1% win, 15/8 break even, 18/8 2% loss, 19/8 1% win, 20/6 1% win
August cumulative 0 pip loss (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 4/8 closed - sold @ 212.00, 100 pip profit (£165), 11/8 sold @ 210.76, 118 pip profit (£200), 18/8 sold @ 204.76, 176 pip profit (1%)
August cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 6/8 1% win, 13/8 1% loss, 20/8 break even
August cumulative 0 pip profit (£0)

August total cumulative 27 pip profit or £457 (+2.3%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Please bear in mind that many seasoned traders do not trade at all during August as markets are notoriously unpredictable.

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)- price action
No live trades today.
August cumulative 69 pip loss (£-345).

Inside Bars (1% risk per trade)
Pending - GBPUSD - sell @ 1.8545, stop loss 1.8574
August cumulative 94 pip profit (£450)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/8 break even, 4/8 1% win, 5/8 break even, 6/8 break even, 7/8 1% win, 8/8 break even, 11/8 break even, 12/8 break even, 13/8 break even, 14/8 1% win, 15/8 break even, 18/8 2% loss, 19/8 1% win
August cumulative 0 pip loss (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 4/8 closed - sold @ 212.00, 100 pip profit (£165), 11/8 sold @ 210.76, 118 pip profit (£200), 18/8 sold @ 204.76, stop/reverse 206.52
August cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 6/8 1% win, 13/8 1% loss
August cumulative 0 pip profit (£0)

August total cumulative 25 pip profit or £105 (+0.5%)

As last week, I will not be doing too much talking in the trading room whilst trading. I will comment as and when I can. Due to the hazardous nature of summer trading, I will restrict trading to inside bars only for this week. Please bear in mind that many seasoned traders do not trade at all during August as markets are notoriously unpredictable.

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)- price action
No live trades today.
August cumulative 69 pip loss (£-345).

Inside Bars (1% risk per trade)
CLOSED - EURUSD - buy @ 1.4668, 27 pip profit
CLOSED - GBPUSD - buy @ 1.8586, 29 pip profit
August cumulative 94 pip profit (£450)

Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 1/8 break even, 4/8 1% win, 5/8 break even, 6/8 break even, 7/8 1% win, 8/8 break even, 11/8 break even, 12/8 break even, 13/8 break even, 14/8 1% win, 15/8 break even, 18/8 2% loss
August cumulative 0 pip loss (£0)

Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - 4/8 closed - sold @ 212.00, 100 pip profit (£165), 11/8 sold @ 210.76, 118 pip profit (£200), 18/8 sold @ 204.76, stop/reverse 206.52
August cumulative 0 pip profit (£0)

Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 6/8 1% win, 13/8 1% loss
August cumulative 0 pip profit (£0)

August total cumulative 25 pip profit or £105 (+0.5%)