It's off to a slow start for 2011 as January was basically a "break even" month. While technically it was a loss, the loss for the entire month was only (-35) pips which is less than the spread on the trades taken since there were 31 trades in January. Any time I can finish the month in the negative and have that negative be less than the cost of placing the trades I don't really think of it as a losing month :-)
While January was basically a "flat" month, I have already closed out a couple of profitable trades of more than 100 pips each in February, and I also have over 350 pips of open equity as of the writing of this post, which makes February a positive month so far. It's too early at this point to know how the month will play out, but it's always nice to be in the positive!
Here are the results for January:
31 total trades
7 wins: 1,708 pips
24 losses: (-1,743) pips
Win rate of trades: 22.5%
Avg win: 244
Avg loss: 72
Avg risk/reward: 3.38 to 1
The results by currency pair:
EUR/USD 2 W, 0 L +566
EUR/JPY 1 W, 2 L +118
USD/CHF 1 W, 1 L +95
GBP/JPY 1 W, 3 L (-35)
USD/JPY 0 W, 3 L (-120)
USD/CAD 0 W, 5 L (-190)
AUD/USD 1 W, 5 L (-208)
GBP/USD 1 W, 5 L (-261)
For more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at www.forexprofitmonster.com. To purchase, click on "Purchase" on the website, or visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.
Thanks for checking out the January results, and best of luck in your trading!
Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/
No comments:
Post a Comment