February Off To A Good Start

It's been more than a week since I've been able to post, so I'll be posting a few charts today. First up, the USD/CAD trade that I re-entered after the USD interest rate statement. (Re-entry trades are explained in complete detail in the Forex Profit Monster Installation Guide and User Manual.) At first it looked like a good decision, but as you can see it ended up generating an exit signal a few candles later. I took a 39 pip loss on this trade to start February.

It didn't take long to move back into the positive in pips for the month though. This next chart shows a good trade taken on the 4 Hour chart on the GBP/USD. It took a few days and looked like it might not be a winner at first, but that's why you can't bail out of fear! This trade generated 256 pips of profit in just a few days.

This 4 Hour EUR/USD also added to the monthly pip total with a gain of 197 pips:

That brings the total for February to +414 pips on just three trades!

If you'd like more information about Forex Profit Monster and how it works, visit the website at http://www.forexprofitmonster.com/.

Best of luck in your trading!

Jim

http://www.forexprofitmonster.com/