Another week down

So, another week has passed, and so far we have had 2 trades which have been taken and profited, and zero losers.

while on the surface of things, it looks a little bleak - only having two trades, what is important to remember is that overtrading is the worst thing that we can do. Forcing trades=losing trades.

I am actually glad that we have had no trades this week - I know it sounds strange, but the way the markets are moving we are best being out of them at this time - we are looking for high probability trades that have next to no risk. At the moment the system is working. This is the nature of this particular strategy - one thing though, With my broker I can trade gold and silver - these have been added to my watch list, so do not be surprised if I start talking about these - they will work exactly like any currency pair.

I have also set up a bit more of an agressive system that trys to get in a little earlier which will ramp up the profits. Backtesting it, it looks promising, but forward testing is the real litmus test. This is found on

101percentforex.blogspot.com

This is only a demo, and I am not really paying heed to money management - I am only taking small positions, and seeing what the win ratio is - not the risk reward at the moment.

Happy trading, and will see you next week!

Trailing stop triggered

My trailing stop was triggered - I had it set at 50 pips, and it was stopped out at 1.34356.

This gives us a massive profit of 220 pips for a 4 days being in the trade.

A great first result i think all round. This has increased my account size by $22 with a max risk of only $15.

So we will now wait until the next trade. I am going to create a table to show all the trades (winners and losers when (hopefully not though!) and if they come.

A great first effort, and gives us a running total of +220 pips.

Normally, I would increase my sizings as my account goes up, but I will only give points results on here for eases sakes for looking at winners and losers. In real terms it is even level stakes.

My belief is that this was on the high side of what I would expect, but certainly not what i want. The EURUSD was in a massive down trend, so when we get these - and we will, we canreally look to proift handsomely off them.

Good trading!!!