Summer is officially over, but I have a hard time letting it go... it's my favorite time of the year. I've just returned from the beach and am getting back into a "regular" routine, which will include being more timely in posting updates here on the blog :-)
August results were the kind of results you expect from trading in summertime... a lot of aimless ranging by price... which could mean getting "chopped up" and showing a loss. However this August there were also some very good trends that closed out that helped me to show a profit instead of a loss. Thanks to a huge win on the USD/CHF of over 900 pips, August showed an overall profit of 221 pips.
Since I am writing this post so late in the month I can also say that September is ending up a great month, with many of those other pairs beginning to show some nice profits on moves that began in the beginning to middle of the month. Not only will September be a profitable month, it will be one of the most profitable of the year... most likely helping the system average return closer to its historical monthly mean.
Here are the results for August:
35 total trades
9 wins: 2,124 pips
26 losses: 1,903 pips
Total: +221 pips
Win Rate: 25%
Avg Win: 236 pips
Avg Loss: 73 pips
Avg Risk/Reward: 3.23 to 1
And the results by currency pairs traded on the 4 Hour chart:
USD/CHF 2W, 0L +960
AUD/USD 2W, 2L +305
USD/CAD 1W, 2L +216
USD/JPY 2W, 4L +137
GBP/JPY 0W, 4L (-165)
EUR/JPY 1W, 4L (-310)
GBP/USD 0W, 5L (-370)
EUR/USD 1W, 5L (-552)
The results this month once again help to show the resiliency of this system... the fact that the win rate of trades for the month was ONLY 25%... but that it still showed a profit!
Here are the results for 2011 so far:
January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)
July +225
August +221
That's a total of 2,806 pips so far in 2011, and an average per month of +350 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 (or both) systems at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.
Best of luck in your trading!
Jim
http://www.forexprofitmonster.com/
http://myworld.ebay.com/jimsgr8stuff4less/
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