Another good month of trading with Forex Profit Monster comes to a close in November as I ended the month with a profit of 901 pips. That keeps me near the all-time high of my account balance (and pip total) as you can see in the graph above.
It was a relatively active month with 37 trades and only a couple of long trends coming to an end. A lot of currency pairs were ranging on the 4 Hour chart in November, but luckily the ranges were large enough that many of those trades closed out as small wins instead of small losses (as is usually the norm with ranging months). This also accounts for the 54% win rate of trades for the month... more winning trades, but the wins were for fewer pips than usual.
Here are the details for November:
37 trades
20 winning trades - 2,296 pips
17 losing trades - 1,395 pips
Total: +901 pips
54% win rate
Avg win: 114 pips
Avg loss: 82 pips
Avg R/R: 1.4 to 1
Here are the results by currency pair for the 8 pairs I trade on the 4 Hour chart:
EUR/USD 2W, 2L +502
USD/CHF 2W, 1L +209
AUD/USD 2W, 1L +187
GBP/JPY 4W, 0L +179
GBP/USD 3W, 4L +110
USD/CAD 3W, 2L (-1)
USD/JPY 2W, 3L (-13)
EUR/JPY 2W, 4L (-272)
Here are the results for 2010 so far:
January: +823
February: +669
March: +434
April: (-446)
May: +4,597
June (-1,870)
July (-185)
August +903
September (-1,737)
October +1,717
November +901
Total: +5,806 pips
Average: +527 pips per month
Next month's results will bring us to the end of another year... and my 4th profitable year in a row trading with FPM!
To contact me or for more information regarding the Forex Profit Monster trading system (and my day trading system Forex Day Monster) visit my website at www.forexprofitmonster.com, or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/.
I hope your trading was as profitable as mine in November and here's to adding to our pip total in December!
Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/
