Forex Profit Monster Results - August 2012

It's not very often that I see 2 losing months back-to-back, but that's what August brought to me.  The bad news is that I closed out the month of August losing 699 pips, but the good news is that I caught some great trends toward the end of the month and carried about 1,900 pips of profit in open equity into September.  As long as there aren't any large spikes in volatility this should be enough to wipe out the drawdown that I entered into at the end of June and should keep me from showing a loss for the 3rd quarter of 2012.  Of course I won't know until the month of September is closed out and the pips (and money) are "realized".

Here are the results for the 4 Hour chart in August:

27 trades
  6 wins:    517 pips
21 losses: 1,216 pips

Total:  (-699) pips

22% win rate
Avg win:  86 pips
Avg loss:  58 pips
Avg risk/reward:  1.48 to 1

And the results by currency pair:

GBP/JPY  1W, 1L  +79
USD/CAD 1W, 2L  +62
AUD/USD 2W, 1L  +58
EUR/JPY  1W, 2L  (-40)
GBP/USD 1W, 2L  (-93)
USD/JPY  0W, 5L  (-151)
USD/CHF 0W, 4L  (-289)
EUR/USD 0W, 4L  (-325)


The yearly results so far in 2012:

January: +891
February: +206
March: +1,667
April: (-293)
May:  +1,640
June:  +2,209
July:  (-343)
August: (-699)


That's a total of 5,278 pips, or an average of 659 pips per month.

In a couple of weeks I'll post the September results and of course the end of September means the end of the 3rd quarter, so I'll have an updated chart of the overall equity.

For more information regarding purchasing Forex Profit Monster (or my day trading system Forex Day Monster), please visit the website at www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Best of luck in your trading...

Jim
www.forexprofitmonster.com

Forex Profit Monster Results - July 2012

There's nothing like a vacation to get you to clean up all the work you're behind... and since I'm leaving for the beach tomorrow morning for a vacation I wanted to get the results blog up to date.

After a big winning month there's always a time for some ranging before price establishes direction again, and July was no exception.  It was a small losing month, which I've come to expect after those large 2,000+ pip wins like I saw in June.

Here are the July results on the 4 Hour chart for the 8 pairs I trade:

35 trades
12 wins:   1,056 pips
23 losses: 1,399 pips

Total: (-343) pips

34% win rate
Avg win:  88 pips
Avg loss: 60 pips
Avg risk/reward:  1.46 to 1

And the results by currency pair:

EUR/JPY  2W, 1L  +251
EUR/USD 1W, 3L    +58
USD/JPY  1W, 2L    +46
USD/CHF 1W, 3L     +1
USD/CAD 2W, 3L  (-66)
AUD/USD 2W, 3L  (-81)
GBP/JPY  2W, 4L  (-195)
GBP/USD 1W, 4L  (-357)

The yearly results so far in 2012:

January: +891
February: +206
March: +1,667
April: (-293)
May:  +1,640
June:  +2,209
July:  (-343)

That's a total of 5,977 pips, or an average of 853 pips per month.

For more information regarding purchasing Forex Profit Monster (or my day trading system Forex Day Monster), please visit the website at www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Best of luck in your trading...

Jim
www.forexprofitmonster.com