Forex Profit Monster - October 2011

Another spectacular month with Forex Profit Monster! The past two months have more than made up for the slow start in 2011. Even though I consider myself a "seasoned" trader now, it's still tough to sit through drawdowns... and those drawdowns are especially tough when they happen in consecutive months in the beginning of the year and sometimes take a few months to recover from. However with October's win I have guaranteed another winning year with FPM (both in pips/dollars and number of winning months vs. number of losing months).

Some of you have contacted me regarding why I've been so late posting the results again this month. There are several reasons, some of which are personal and I won't go into, but one of which actually has to do with the results and the results blog itself. The software that I use to graph the results is limited to the number of data points it will accept. I have reached the limitation with the monthly results, so my plan was to find some new software and redesign the graph and transfer the data, or redesign the graph in the current software to show results by quarter instead of by month. I had the best of intentions to have this done by this month, but it's a project that keeps getting moved lower on the priority list. I will however keep working on it so that the graph can continue to be posted on the results blog each month.

Anyway, on to the October results:

25 trades
12 wins - 3,267 pips
13 losses - 633 pips

Total: +2,634 pips

48% win rate
Avg win: 272
Avg loss: 48
Avg risk/reward: 5.66 to 1

And here are the results by currency pair as traded on the 4 hour chart:

AUD/USD 2W, 0L +1,426
USD/CAD 2W, 1L +539
GBP/USD 2W, 0L +390
EUR/USD 2W, 1L +341
USD/CHF 2W, 2L +144
EUR/JPY 1W, 2L +33
GBP/JPY 1W, 1L +4
USD/JPY 0W, 6L (-243)

And the totals for 2011 so far:
January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)
July +225
August +221
September +2,227
October +2,634

That's a total of 7,667 pips so far in 2011, and an average per month of +766 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/