Below is a screen shot of the best performing pair of the month, the USD/CAD. The Loonie has been in a sustained downtrend again for quite some time (except for a brief period where the price of crude was dropping), and the U.S. GDP figures that were just released the other day gave the Canadian Dollar another boost as crude starting climbing again in reaction to the bad U.S. numbers. This USD/CAD short generated over 640 pips of profit for the month:
Here are the overall results for FPM for July on the 8 pairs I trade on the 4 Hour charts:
Total trades taken: 28
Winning trades: 9
Losing trades: 19
Win rate: 32%
Pips won: 2,394
Pips lost: 1,619
Total pips won: 775
Avg win: 266
Avg loss: 85
Avg Risk/Reward ratio 3.12 to 1
Here are how the 8 individual pairs I trade performed (in order of best to worst):
USD/CAD 1 win, 1 loss: +605 pips
GBP/JPY 1 win, 2 losses: +224 pips
EUR/JPY 1 win, 2 losses: +219 pips
AUD/USD 1 win, 1 loss: +149 pips
EUR/USD 2 wins, 2 losses: +136 pips
USD/JPY 1 win, 3 losses: +36 pips
GBP/USD 1 win, 4 losses: (-262) pips
USD/CHF 1 win, 4 losses: (-332) pips
For more information about Forex Profit Monster (and my day trading system Forex Day Monster) visit the website at http://www.forexprofitmonster.com/. To purchase either system visit my eBay page at: http://myworld.ebay.com/jimsgr8stuff4less.
There you go... another profitable month of trading with Forex Profit Monster. I hope you had a good month as well, and here's hoping for some great breakouts in August!
Jim
http://www.forexprofitmonster.com/
http://myworld.ebay.com/jimsgr8stuff4less
