The results are in for March and it was a very profitable month with a total win of 869 pips. As you can see from the graph above, that puts my equity AND account balance at a new high. It was nice to have a large win in March after the past couple of months of small losses. Even though I've learned to deal with the small losses that are a given when trading, it's still nice when those losing periods end!
Some have written to me in the past couple of months to ask why I don't post as many charts as I used to. I guess I've just gotten into the habit of providing the "bread and butter" results information that most are looking for regarding my trading with Forex Profit Monster, but for those who would like to see more current charts, here's one of March's best performer, the USD/CHF:
As you can see from the above chart, not only did I experience a nice profit from an extended downtrend on the 4 Hour chart, but I'm also currently in profit on this pair for April with the start of an uptrend (as of this blog post that profit stands at about +110 pips on this pair).
And the USD/CHF isn't the only pair that I currently have profit in open equity towards April's results... all together I have over 1,700 pips of current open profit across 7 of the 8 pairs I trade! Of course it's much too early to tell, but it looks good as far as April being a profitable month for me with FPM.
Here are the details for March's results:
26 trades total
12 wins: 1,672 pips
14 losses: 803 pips
Total pips: +869
46% win rate
Avg win: 139 pips
Avg loss: 57 pips
Avg Risk/Reward ratio: 2.43 to 1
Here are the results by currency pair:
USD/CHF 2W, 2L +337
EUR/JPY 2W, 0L +228
GBP/JPY 1W, 2L +186
EUR/USD 1W, 2L +128
USD/JPY 1W, 1L +70
GBP/USD 3W, 2L +41
USD/CAD 2W, 2L (-24)
AUD/USD 0W, 3L (-97)
Here are the results so far for 2011:
January (-35)
February (-334)
March +869
That's a total of 500 pips so far for 2011, or an average of 166 pips per month.
I hope your March was as profitable as mine, and here's to an even more profitable April and balance of 2011!
For more information regarding Forex Profit Monster (and my day trading system Forex Day Monster), visit my website www.forexprofitmonster.com. To purchase either system (or both) at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/.
Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/
