I'm a little late posting the June results... with the July 4th holiday things got a little hectic last week, but I'm forcing myself to transfer the results of my trading logs to the blog today... before it's time to post the July results :-)
June was a tough month on the 4 Hour chart... A LOT of ranging, particularly on the GBP/USD and USD/CAD, with these two pairs basically providing the negative pips that made June a losing month. The good news is that as of the writing of this post the Pound is experiencing a large move in the direction of my current trade, with the GBP/USD breaking out to the downside and looking like it will be helping to add to positive pips for July. Also the USD/CAD is entering a tighter range on both the 4 Hour and Daily charts, so a breakout and large move on this pair is impending, hopefully by the end of this month!
Here are the results for June:
43 trades
10 wins: 1,181 pips
33 losses: (-1,992) pips
Total pips: (-811)
Win Rate: 23%
Avg win: 118 pips
Avg loss: 66 pips
Avg risk/reward: 1.78 to 1
Results by pair:
USD/CHF 2W, 3L +247
EUR/USD 2W, 2L +171
USD/JPY 1W, 3L (-15)
GBP/JPY 2W, 2L (-48)
EUR/JPY 2W, 2L (-72)
AUD/USD 0W, 4L (-178)
USD/CAD 0W, 8L (-389)
GBP/USD 1W, 9L (-527)
And the up to date yearly results so far for 2011:
January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)
That's a total of 2,360 pips so far in 2011, and an average per month of 393 pips.
And the up to date yearly results so far for 2011:
January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)
That's a total of 2,360 pips so far in 2011, and an average per month of 393 pips.
That's it for June... for more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at www.forexprofitmonster.com.
To purchase either (or both) systems at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.
Best of luck in your trading!
Jim
