can't believe that this blog still get hundreds of visitors a day.
just thought i'd check in - 10 years later, had cancer twice and i'm still trading.
I'm a millionaire now, although not from forex - but i'm still trading and enjoying life now - just thought i'd say hello. say hello back in the comments :)
join and subscribe to my youtube channel here https://www.youtube.com/channel/UCpvAY7A0so_s8-9WYuzymJw
Tuesday, August 13, 2019
Friday, April 19, 2013
The Secret Is Out!
My new book "The Holy Grail Trading System' tells a story of ordinary people doing extraordinary things on the currency markets.
During 2005 I and a group of very talented traders devised and traded a 100% mechanical trading system with the aim of producing 1 million pounds from a starting bank of £10000. Inside 13 months it produced over 1000% in returns.
That story has now been published as a book on Kindle and is soon to be released as a paperback
The book has everything in it. The full system, the full trading log, The money management and the highs and lows that came with terrific return.
If you are a systems trader in Forex or any other technically studied market then this book is a 'must buy' for you
Read the inside story about this amazing journey today just click here to get your hands on it
The Holy Grail Trading System
By James Windsor
contact me on twitter if you like @soultraderforex, join me on facebook at http://facebook.com/soultraderforex or email me trixietrader@gmail.com
Click to Tweet About This
Thursday, March 26, 2009
Time Marches On (Lanie Hill)
UPDATE: SEPT 2019 - Starting a youtube channel - yes i'm still trading - come and subscribe to the channel - you might learn something
https://www.youtube.com/channel/UCpvAY7A0so_s8-9WYuzymJw
***old post below***
eurcad closed on stop at BE, took +52 on eurgbp
Results for March 2009 +609 pips on closed tradesResults so far for 2009 +942 pips on closed trades.
results live on this blog since Oct 23 2008 +4873 on closed trades
ANNOUNCEMENT
I'm sorry folks, but the recent tosser attack has forced me to question my motives for posting here again and since then i've taken trades without posting here on time because i've lost the motivation to. Ive had another eurgbp trade today and havent posted it which is long by the way from 9312 sl now at 9332.
It's just been one more attack from one more tosser wannabe jealous trader.
Over the years i've had lots of them. In the past they kept to the forums and attacked me there, and now theyre coming to the blog - I even get emails from the wankers.
I understand how hard it is to get a foothold in this business so i've given them lots of slack. But I now find that I just can't be bothered even with this blog anymore.
I have nothing to prove anymore. I'm still here after 7 years and i do what i do and do it as well as i'm able. the proof is in these pages which document much of my trading career.
I will continue to trade my way and make my money. But i'm going to take a holiday from the blog and for how long I have no idea. I may never return or i could just be away a short while.
I just can't find a reason to post here anymore nor a motivation. Through the years i've trained a lot of people and very few of them are left around who trade. I do have some close friends who are still in the game but they, like me don't bother with the internet thing anymore either.
The whole reason i started the longer swing game was because i've taken up a new challenge which consumes my days and i very much enjoy that. My long days of screen staring are over and they did pay off but I no longer want to do that, I have better things in my life now which actually make a difference in the world.
Keep checking back if you like, at this moment I feel like just deleting the whole thing but then i guess it can stand here as some lessons to a select few who can read between the lines.
I hope that some of you make it in trading and make some serious money.
As a closing bit of advice i'd suggest that you don't study too hard - indicators really are bollocks, systems don't work for long enough to matter and risk management is all there is left.
If you win then it's luck, there is no skill in this game - it's how your capitalise on that luck that matters - get on the horse and dont get off till it's stopped running you way. but only get on the horse when it's close enough to the start so that you know when it's running the other way.
basically short stops, long profits and newtons law - a body in motion tends to remain in motion until acted upon by an opposing force. Go with the flow.
Stay Lucky.
Bye for now.
Soultrader 26 March 2009
UPDATE: SEPT 2019 - Starting a youtube channel - yes i'm still trading - come and subscribe to the channel - you might learn something
https://www.youtube.com/channel/UCpvAY7A0so_s8-9WYuzymJw
https://www.youtube.com/channel/UCpvAY7A0so_s8-9WYuzymJw
***old post below***
eurcad closed on stop at BE, took +52 on eurgbp
Results for March 2009 +609 pips on closed tradesResults so far for 2009 +942 pips on closed trades.
results live on this blog since Oct 23 2008 +4873 on closed trades
ANNOUNCEMENT
I'm sorry folks, but the recent tosser attack has forced me to question my motives for posting here again and since then i've taken trades without posting here on time because i've lost the motivation to. Ive had another eurgbp trade today and havent posted it which is long by the way from 9312 sl now at 9332.
It's just been one more attack from one more tosser wannabe jealous trader.
Over the years i've had lots of them. In the past they kept to the forums and attacked me there, and now theyre coming to the blog - I even get emails from the wankers.
I understand how hard it is to get a foothold in this business so i've given them lots of slack. But I now find that I just can't be bothered even with this blog anymore.
I have nothing to prove anymore. I'm still here after 7 years and i do what i do and do it as well as i'm able. the proof is in these pages which document much of my trading career.
I will continue to trade my way and make my money. But i'm going to take a holiday from the blog and for how long I have no idea. I may never return or i could just be away a short while.
I just can't find a reason to post here anymore nor a motivation. Through the years i've trained a lot of people and very few of them are left around who trade. I do have some close friends who are still in the game but they, like me don't bother with the internet thing anymore either.
The whole reason i started the longer swing game was because i've taken up a new challenge which consumes my days and i very much enjoy that. My long days of screen staring are over and they did pay off but I no longer want to do that, I have better things in my life now which actually make a difference in the world.
Keep checking back if you like, at this moment I feel like just deleting the whole thing but then i guess it can stand here as some lessons to a select few who can read between the lines.
I hope that some of you make it in trading and make some serious money.
As a closing bit of advice i'd suggest that you don't study too hard - indicators really are bollocks, systems don't work for long enough to matter and risk management is all there is left.
If you win then it's luck, there is no skill in this game - it's how your capitalise on that luck that matters - get on the horse and dont get off till it's stopped running you way. but only get on the horse when it's close enough to the start so that you know when it's running the other way.
basically short stops, long profits and newtons law - a body in motion tends to remain in motion until acted upon by an opposing force. Go with the flow.
Stay Lucky.
Bye for now.
Soultrader 26 March 2009
UPDATE: SEPT 2019 - Starting a youtube channel - yes i'm still trading - come and subscribe to the channel - you might learn something
https://www.youtube.com/channel/UCpvAY7A0so_s8-9WYuzymJw
Wednesday, March 25, 2009
Tuesday, March 24, 2009
Sunday, March 22, 2009
new week
heres the current sp
CHFJPY CLOSED BREAK EVEN
EURGBP CLOSED ON STOP - POSITION 1 +419 POS 2 +231 TOTAL +656 PIPS. remember this is a 1.4X pair so thats like 900+ pips on the balance - if you don't know what i'm talkign about look back a month or so to "all pips are not equal" or whatever i called it.
EURJPY SHORT PUNT KICKED IN @130.80
SECOND PUNT SHORT USDJPY@96.77 SL 100 PIPS worth a go a think but a spec punt based on pullback and last thursdays high as a sympathetic level to break. I did think twice about this because of the exposure of my EJ trade and may consider a hedge if I see one worth taking on the other yen pairs.
Results for March 2009 +557 pips on closed trades
Results so far for 2009 +890 pips on closed trades.
results live on this blog since Oct 23 2008 +4821 on closed trades
CHFJPY CLOSED BREAK EVEN
EURGBP CLOSED ON STOP - POSITION 1 +419 POS 2 +231 TOTAL +656 PIPS. remember this is a 1.4X pair so thats like 900+ pips on the balance - if you don't know what i'm talkign about look back a month or so to "all pips are not equal" or whatever i called it.
EURJPY SHORT PUNT KICKED IN @130.80
SECOND PUNT SHORT USDJPY@96.77 SL 100 PIPS worth a go a think but a spec punt based on pullback and last thursdays high as a sympathetic level to break. I did think twice about this because of the exposure of my EJ trade and may consider a hedge if I see one worth taking on the other yen pairs.
Results for March 2009 +557 pips on closed trades
Results so far for 2009 +890 pips on closed trades.
results live on this blog since Oct 23 2008 +4821 on closed trades
Thursday, March 19, 2009
Tuesday, March 17, 2009
Monday, March 16, 2009
Friday, March 13, 2009
someone asked earlier if i thought this was the time for things to turn for me.
I certainly hope not is my answer - over 4100 pips in less than 6 months will do me anytime. that's 36% on account in six months. of course the questioner may have an account with fuck all in it so 36% of fuck all isnt so impressive - mine and my clients results arent on fuck all and are therefore quite impressive.
he then asked if a drawdown of 1500 pips bothers me or if it's par for the course
My answer is that all is going to plan, im still trading and i'm still here after many years. you can't make an omlette without breaking eggs.
If you play the 5 minute chart then a drawdown of say 100 - 200 pips would be par for the course. - I trade the daily and sometimes weekly chart - a drawdown of several thousand pips would be par for the course. If i played the monthly i would expect regular 5000+ pip drawdowns.
he asked if my thoughts would be the same if i was using leverage
my answer is i dont know, because i dont use leverage.
he asked if i questioned my 'system' at 1000+ pip drawdowns
my answer is this - I dont use systems, I manage risk.
He said a lot of things in a earlier post that were quite detramental to me - that post was deleted. he said that i get angry when up against the wall - my answer to that is no i dont because that would denote that i cared about the money and i dont.
my last answer to him is fuck off for good this time and leave this blog for people who have respect for a trader that's traded more money than you will ever see.
For those left behind......
News:
GBPUSD closed +207
Results for March 2009 -99 pips on closed trades
Results so far for 2009 +234 pips on closed trades.
results live on this blog since Oct 23 2008 +4165 on closed trades
question, would you be unhappy with that? my clients would be happy with that percentage in a year. as luck has it they get more.
so Stay Lucky.
I certainly hope not is my answer - over 4100 pips in less than 6 months will do me anytime. that's 36% on account in six months. of course the questioner may have an account with fuck all in it so 36% of fuck all isnt so impressive - mine and my clients results arent on fuck all and are therefore quite impressive.
he then asked if a drawdown of 1500 pips bothers me or if it's par for the course
My answer is that all is going to plan, im still trading and i'm still here after many years. you can't make an omlette without breaking eggs.
If you play the 5 minute chart then a drawdown of say 100 - 200 pips would be par for the course. - I trade the daily and sometimes weekly chart - a drawdown of several thousand pips would be par for the course. If i played the monthly i would expect regular 5000+ pip drawdowns.
he asked if my thoughts would be the same if i was using leverage
my answer is i dont know, because i dont use leverage.
he asked if i questioned my 'system' at 1000+ pip drawdowns
my answer is this - I dont use systems, I manage risk.
He said a lot of things in a earlier post that were quite detramental to me - that post was deleted. he said that i get angry when up against the wall - my answer to that is no i dont because that would denote that i cared about the money and i dont.
my last answer to him is fuck off for good this time and leave this blog for people who have respect for a trader that's traded more money than you will ever see.
For those left behind......
News:
GBPUSD closed +207
Results for March 2009 -99 pips on closed trades
Results so far for 2009 +234 pips on closed trades.
results live on this blog since Oct 23 2008 +4165 on closed trades
question, would you be unhappy with that? my clients would be happy with that percentage in a year. as luck has it they get more.
so Stay Lucky.
Wednesday, March 11, 2009
Tuesday, March 10, 2009
Sunday, March 08, 2009
FYI these are the current trades - same as before but with the addition of a usdchf position
EURGBP LONG 0.8951
GBPUSD SHORT 1.4242
USDCHF SHORT 1.1677
considering locking in break even on cable b ut not yet.
EURJPY CLOSED ON STOP FOR -253
Results for March 2009 -253 pips on closed trades
Results so far - 2009 +85 pips on closed trades.
crap year so far but then it could all change in a heartbeat - well, a month then :) - wait till you have a crap year till december and make it all in one month for the year - it happens!
bye
EURGBP LONG 0.8951
GBPUSD SHORT 1.4242
USDCHF SHORT 1.1677
considering locking in break even on cable b ut not yet.
EURJPY CLOSED ON STOP FOR -253
Results for March 2009 -253 pips on closed trades
Results so far - 2009 +85 pips on closed trades.
crap year so far but then it could all change in a heartbeat - well, a month then :) - wait till you have a crap year till december and make it all in one month for the year - it happens!
bye
Monday, March 02, 2009
Amendment for last month
Results for February 2009 -1209 pips on closed trades
Results so far - 2009 +338 pips on closed trades.
This was -9.2% for the month (remember not all pips are equal - see earlier post on this subject) thought it was more but when the calc came out it wasnt.
tonight:
STOP MOVE GBPUSD 1.4330
NEW TRADE EURJPY SHORT 121.85 SL 124.30
enough for now, stay lucky :)
Results for February 2009 -1209 pips on closed trades
Results so far - 2009 +338 pips on closed trades.
This was -9.2% for the month (remember not all pips are equal - see earlier post on this subject) thought it was more but when the calc came out it wasnt.
tonight:
STOP MOVE GBPUSD 1.4330
NEW TRADE EURJPY SHORT 121.85 SL 124.30
enough for now, stay lucky :)
Wednesday, February 25, 2009
Losing count now LOL
ahh, just one trade away in the big scheme of things
usdchf closed on stop for -149 and -260
Results so far - February 2009 -1136 pips on closed trades
Results so far - 2009 +411 pips on closed trades.
what a bastard lol - no, really, this is where the fact that i use 1:1 leverage and choose low risks come in - when you look at it it's only really two trades from recovery - this is the life of a trader - sometimes you win win win, other times you lose lose lose lose - the key is making sure that overall each single trade is small in risk but that when you do win it covers the losing pot and then some.
Im sure some watching this are sniggering - ohh look at soul screwing up - and that's fine, feel free to snigger - ive seen lots of sniggerers - funny how they change often though and after about a year they dont seem to be around sniggering anymore.
anyway, I know some out there understand the big picture and will be watching with mere interest.
I'd like to go short cable right now but the risk is too high at 500 pips. if we see 1.44 then i might join the party but time will tell.
A lower risk however is eurgbp with about 400 for a profit approachiong 1000 pips, therefore:
NEW TRADE LONG EURGBP 0.8951 SL 0.8570
GBPCHF looks interesting for a short also but the risk is again too high. Nursing a loss of more than 10% on the month is making me over cautious, roll on march when i reset the clock.
Stay lucky!
ahh, just one trade away in the big scheme of things
usdchf closed on stop for -149 and -260
Results so far - February 2009 -1136 pips on closed trades
Results so far - 2009 +411 pips on closed trades.
what a bastard lol - no, really, this is where the fact that i use 1:1 leverage and choose low risks come in - when you look at it it's only really two trades from recovery - this is the life of a trader - sometimes you win win win, other times you lose lose lose lose - the key is making sure that overall each single trade is small in risk but that when you do win it covers the losing pot and then some.
Im sure some watching this are sniggering - ohh look at soul screwing up - and that's fine, feel free to snigger - ive seen lots of sniggerers - funny how they change often though and after about a year they dont seem to be around sniggering anymore.
anyway, I know some out there understand the big picture and will be watching with mere interest.
I'd like to go short cable right now but the risk is too high at 500 pips. if we see 1.44 then i might join the party but time will tell.
A lower risk however is eurgbp with about 400 for a profit approachiong 1000 pips, therefore:
NEW TRADE LONG EURGBP 0.8951 SL 0.8570
GBPCHF looks interesting for a short also but the risk is again too high. Nursing a loss of more than 10% on the month is making me over cautious, roll on march when i reset the clock.
Stay lucky!
Monday, February 23, 2009
Wednesday, February 18, 2009
Monday, February 16, 2009
Friday, February 13, 2009
ahh well, getting a battering this month so far, suppose it should be expected.
think i might stay out for a while to let it settle.
state of play:
CLOSED ON STOP EURGBP -60
CLOSED MANUALLY EURCAD -236
Results so far - February 2009 -727 pips on closed trades
Results so far - 2009 +820 pips on closed trades.
think i might stay out for a while to let it settle.
state of play:
CLOSED ON STOP EURGBP -60
CLOSED MANUALLY EURCAD -236
Results so far - February 2009 -727 pips on closed trades
Results so far - 2009 +820 pips on closed trades.
Thursday, February 12, 2009
Question
jguy3348: I am here..Been cruising and found old you on moneytech..you wrote some really good stuff there. I got alot of questions. Earlier on this blog you talked about probilities. I don't want to recap all you wrote. Do you still use proabilitiy and backtesting for system developement. Can you give an example of what you might look at use to measure probability?? eg, is consolidation a probality factor? Doo you have more thatn one probability factor? You also talked alot about backtesting!!!! Do you do this by hand or do you use software....I am not sure if I have been clear or not , please excuse me if I am confusing you with my question..
Hi Jguy if i wrote really good stuff on moneytec does that mean i write total bollocks on here? LOL
anyway, lets talk about backtesting and systems.
Im only going to say this once and it might upset a lot of people. My experience has shown that backtesting is a total waste of time ... almost. It's also learned me that systems don't work long enough in 'retail land' for anyone to make a lot of money or a reliable income.
Take a look at the grail blog and you will see that we spent a massive amout of time working on backtesting, system development etc - sure, i did over 1000% inside 13 months so you could say that was a success. I made some good money out of grail but then the system failed.
I was lucky for a whole year - if i'd have discovered grail two years earlier I would now be in the leagues of the super rich because in total grail worked day in day out for four years.
However, it wouldnt have been possible to identify the grail pattern until it was at least two years old so the maximum we could have milked it for was about two and a half years.
The team and I sat up night after night crunching numbers spending literally thousands of hours between us backtesting various stuff. it was a waste oif time.
The initial backtest which gave us a ball park system was good enough.
at the end on 2006 came the black swan, as happens in any mechanical system - eventually they always come to roost.
Systems are ok for a learning curve, but the biggest lesson anyone could take away from here is to learn to trade risk. One day if you last long enough you will understand what i mean - until you get there you'll think its about money management, or the entry, or the stop or this indicator / that indicator. It isn't it's all about risk.
next question will be something like "do you have a system soul" and my answer is yes and no - I have a chart setup and seven years of looking at them so i guess thats my system. Reading the charts is an art form, not a set of childish rules, go long when x=y, short when y=x, stake X% of pot etc - all that is BOLLOCKS.
Forget systems - either building them or buying them, forget backtesting completely, learn to trade risk and you can make money all your life.
Wanna know more? - click me
Hi Jguy if i wrote really good stuff on moneytec does that mean i write total bollocks on here? LOL
anyway, lets talk about backtesting and systems.
Im only going to say this once and it might upset a lot of people. My experience has shown that backtesting is a total waste of time ... almost. It's also learned me that systems don't work long enough in 'retail land' for anyone to make a lot of money or a reliable income.
Take a look at the grail blog and you will see that we spent a massive amout of time working on backtesting, system development etc - sure, i did over 1000% inside 13 months so you could say that was a success. I made some good money out of grail but then the system failed.
I was lucky for a whole year - if i'd have discovered grail two years earlier I would now be in the leagues of the super rich because in total grail worked day in day out for four years.
However, it wouldnt have been possible to identify the grail pattern until it was at least two years old so the maximum we could have milked it for was about two and a half years.
The team and I sat up night after night crunching numbers spending literally thousands of hours between us backtesting various stuff. it was a waste oif time.
The initial backtest which gave us a ball park system was good enough.
at the end on 2006 came the black swan, as happens in any mechanical system - eventually they always come to roost.
Systems are ok for a learning curve, but the biggest lesson anyone could take away from here is to learn to trade risk. One day if you last long enough you will understand what i mean - until you get there you'll think its about money management, or the entry, or the stop or this indicator / that indicator. It isn't it's all about risk.
next question will be something like "do you have a system soul" and my answer is yes and no - I have a chart setup and seven years of looking at them so i guess thats my system. Reading the charts is an art form, not a set of childish rules, go long when x=y, short when y=x, stake X% of pot etc - all that is BOLLOCKS.
Forget systems - either building them or buying them, forget backtesting completely, learn to trade risk and you can make money all your life.
Wanna know more? - click me
Wednesday, February 11, 2009
Tuesday, February 10, 2009
NEW TRADE LONG EURCAD 1.6140 IF SEEN SL 400 PIPS
CHANGE ORDER EURGBP ENTRY LONG NOW 0.8930 IF SEEN
things might start moving soon, can you feel it getting ready?
then again it might be crap and just go back to range - but it certainly had a sniff today didnt it - time to see if it wants a good go tomorrow.
Im also interested in GBPUSD short but not from here - going to watch what happens overnight and might take a punt or place an order tomorrow.
Catch you in the morning on that one
Wanna know more? - click me
CHANGE ORDER EURGBP ENTRY LONG NOW 0.8930 IF SEEN
things might start moving soon, can you feel it getting ready?
then again it might be crap and just go back to range - but it certainly had a sniff today didnt it - time to see if it wants a good go tomorrow.
Im also interested in GBPUSD short but not from here - going to watch what happens overnight and might take a punt or place an order tomorrow.
Catch you in the morning on that one
Wanna know more? - click me
Monday, February 09, 2009
Thursday, February 05, 2009
still dont really like anything tho usdcad is bugging me a little - i think it's going long but need to see something first.
NEW TRADE LONG EURGBP @ 0.9139 IF SEEN SL 300 PIPS
Ive cancelled the usdchf short order now and replaced it with a medium risk punt
NEW TRADE USDCHF LONG 1.1731 SL 1.1370
Sod it, taking a low risk cad:
NEW TRADE USDCAD LONG 1.2327 SL 1.2170
That's it Stay Lucky!
NEW TRADE LONG EURGBP @ 0.9139 IF SEEN SL 300 PIPS
Ive cancelled the usdchf short order now and replaced it with a medium risk punt
NEW TRADE USDCHF LONG 1.1731 SL 1.1370
Sod it, taking a low risk cad:
NEW TRADE USDCAD LONG 1.2327 SL 1.2170
That's it Stay Lucky!
lovely weather we are having here!
anyway
TRADE CLOSED ON STOP EURGBP +100
Results so far - February 2009 +75 pips on closed trades
Results so far - 2009 +1547 pips on closed trades.
Been looking around at the charts and dont see anything at all that interests me, the market is stagnant so nowt to do. time to make a snowman i think.
stay lucky
anyway
TRADE CLOSED ON STOP EURGBP +100
Results so far - February 2009 +75 pips on closed trades
Results so far - 2009 +1547 pips on closed trades.
Been looking around at the charts and dont see anything at all that interests me, the market is stagnant so nowt to do. time to make a snowman i think.
stay lucky
Wednesday, February 04, 2009
EURCAD CLOSED ON STOP FOR +130
EURAUD CLOSED ON STOP FOR -155
Results so far - February 2009 -25 pips on closed trades
Results so far - 2009 +1447 pips on closed trades.
Funny thing here is that financially I lost nothing - because EURAUD is $63 a pip per contract and EURCAD is $80 I actually made money on a pip loss.
Anyway, nothing else at the mo, the market is stagnant so guess what - no trading! plenty of time left in the month so i'm going to have some fun :)
EURAUD CLOSED ON STOP FOR -155
Results so far - February 2009 -25 pips on closed trades
Results so far - 2009 +1447 pips on closed trades.
Funny thing here is that financially I lost nothing - because EURAUD is $63 a pip per contract and EURCAD is $80 I actually made money on a pip loss.
Anyway, nothing else at the mo, the market is stagnant so guess what - no trading! plenty of time left in the month so i'm going to have some fun :)
Tuesday, February 03, 2009
Monday, February 02, 2009
Sunday, February 01, 2009
New Month - Feburary 2009
Doesnt time fly! already a 8.3% of the year gone.
What have you done with that time - all 744 hours of it?
Did you spend it stuck to a screen? or did you have a life?
The way I trade I have a life - I make no apologies for that, it's why i trade. Why do you trade? Money isnt everything you know - make sure you dont miss out on the things that money cannot buy.
Anyway, New month then so lets wrap up January
January Close + 1472 pips for 13 trades.
7 winners and 6 losers - bit like a coin toss that eh steve? - what does it tell you?
each trade win or lose was worth 113 pips
average losing trade was -102 pips.
average winner was +297 pips
Yes, the entry to your trade is important, yes the exit matters, yes the size of the stake is important - but trading is all about the risk and return. If your winners are worth more than your losers and you are around 50% or better then you make money. Simple.
Taking a low risk bouncer tonight for a punt
NEW TRADE LONG EURGBP 0.8825 SL 0.8770
Nothing else attractive so that's that.
Wanna know more? - click me
What have you done with that time - all 744 hours of it?
Did you spend it stuck to a screen? or did you have a life?
The way I trade I have a life - I make no apologies for that, it's why i trade. Why do you trade? Money isnt everything you know - make sure you dont miss out on the things that money cannot buy.
Anyway, New month then so lets wrap up January
January Close + 1472 pips for 13 trades.
7 winners and 6 losers - bit like a coin toss that eh steve? - what does it tell you?
each trade win or lose was worth 113 pips
average losing trade was -102 pips.
average winner was +297 pips
Yes, the entry to your trade is important, yes the exit matters, yes the size of the stake is important - but trading is all about the risk and return. If your winners are worth more than your losers and you are around 50% or better then you make money. Simple.
Taking a low risk bouncer tonight for a punt
NEW TRADE LONG EURGBP 0.8825 SL 0.8770
Nothing else attractive so that's that.
Wanna know more? - click me
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