November Results

After such an incredible October with Forex Profit Monster generating over 11,500 pips, I wasn't exactly sure what to expect for November, although if I had to make an educated guess I would have had to say expect some ranging as price settled down from the large moves in October on the 4 Hour charts. It turns out that in general that's what happened, but not across every pair. The system managed to generate a small profit of 95 pips for the month of November across the 8 pairs traded. While that sounds like a bad month, remember... any profit is a good profit... and the fact that the system didn't go into a drawdown after the huge profits from last month is an excellent indicator of the resiliency of the Forex Profit Monster trading system.

Here's a breakdown of how the 8 pairs I traded fared in November:

GBP/JPY +871
GBP/USD +627
USD/CHF +246
AUD/USD +151
USD/CAD +134
USD/JPY -372
EUR/USD -642
EUR/JPY -920

Total for November - +95 pips

While this doesn't seem like the best month, there are a couple of things to consider. Besides the fact that I was able to generate a small profit instead of take a loss for the month, there are also a couple of trades still open that are well into profit and will add to the December profits... one on the USD/JPY for over 200 pips and one on the EUR/JPY that is over 400 pips in profit. I didn't factor these trades taken in November into the results as they are still open and the profits haven't been realized yet.

Also, I was able to reduce my risk and offset some of the FPM losses in November by day trading with Forex Day Monster. Many times I've mentioned how I can "spread my risk" by trading a long term system (FPM) and a short term system (FDM)... and this is what I mean; while the EUR/USD lost 642 pips in November with Forex Profit Monster, I was able to GAIN 1,219 pips day trading the same pair. How does that happen? Easy... by day trading the EUR/USD on the 15 minute chart, I was able to catch the trends on that time frame that were the "tight range" on the 4 Hour time frame. So while FPM got whipsawed on the EUR/USD 4 Hour chart while it ranged after the huge October move, FDM caught the "mini-trends" on the 15 minute chart. Here's the breakdown of how FDM performed on the EUR/USD in November:

Total trades: 31
Winning trades: 15 - 1,667 pips
Losing trades: 16 - 448 pips
Total pips won: 1,219
Winning percentage: 48%
Average win: 111 pips
Average loss: 28 pips
Risk/Reward: 3.96 to 1

So you can see that by trading both systems I was able to turn a 642 pip loss on the EUR/USD into a 577 pip profit by spreading my risk trading both systems on different time frames.

So there are the November results... a small overall gain for FPM that was increased by also trading FDM... plus over 600 pips of profit still open toward December on the 4 Hour charts.

Next month after the December results are in I will post the year end results for Forex Profit Monster.

If you'd like more information about Forex Profit Monster or Forex Day Monster, visit my website at http://www.forexprofitmonster.com/.

Best of luck in your trading and may many pips flow into your trading account!

Jim
http://www.forexprofitmonster.com/