Thursday, May 15, 2008

Yes I Know... I Haven't Been Posting

I've received some emails recently asking about why I've "abandoned" this blog and haven't been updating. Most of these people are considering purchasing FPM and are concerned that perhaps the system has crashed and isn't working anymore. No, nothing could be farther from the truth. Personally I continue to average well over 600 pips per month, having closed out March with 2,122 pips and April with 570 pips. Unlike other Forex systems FPM is based on price action and momentum and therefore can be used on any pair and virtually any time frame profitably. It's not a system of patterns that only works on certain pairs in certain conditions... those are the types of systems that work fine for a little while and then the market changes a little and all of a sudden the system doesn't work anymore. FPM is not a system like that... it's a mathematically designed system that follows price action and it is designed to adjust to market conditions. It may become less profitable for periods of time according to the market's actions (yes, you may have losing days, weeks or even an occassional losing month [I've personally had ONE losing month], but it will never become obsolete).

The reason I haven't been posting as often is I like to be able to post marked up charts to illustrate some of the trades I've taken. While this doesn't take a lot of time, it is low on my priority list and I've been so busy between personally trading FPM and providing support to my current customers that I already had very little time to devote to updating the blog. And lately I've been even busier forward testing the new short term system that I've mentioned in earlier posts in this blog. This system is almost impossible to backtest and therefore needs even more extensive forward testing which is very time consuming.

So there's your answer... yes, FPM is still working fine. And for those of you who are interested in a short term system to complement the long term system FPM, keep an eye on this blog and my website as I'm getting close to being able to share it with you soon.

Jim

www.forexprofitmonster.com

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