Forex Profit Monster Trading System: March 2012

Saturday, March 17, 2012

Forex Profit Monster Results - February 2012

February was a fantastic month for trading with Forex Profit Monster! Not only was February a winning month again with a profit of over 200 pips, but the great news is there were 3 trades caught in the beginning of the month on Yen pairs that stayed open throughout February and carried into March with a total of more than 1,800 pips in open equity! That virtually guarantees a profitable March, which means all 3 months in the first quarter of 2012 will have been winners. A much better way to start 2012 than 2011 when the year started with back to back losing months.

Here are the details for February on the 4 Hour chart:

20 total trades

8 winning trades: 864 pips

12 losing trades: 658 pips

Total profit: +206 pips

40% win rate

Avg win: 108

Avg loss: 54

Avg risk/reward ratio: 2.0 to 1

And the details by currency pair:

EUR/USD 3W, 1L +347

AUD/USD 1W, 3L +267

USD/CHF 2W, 0L +140

GBP/USD 1W, 4L +109

USD/JPY 1W, 0L +1

GBP/JPY 0W, 0L (0) (1 trade taken, not closed in Feb)

EUR/JPY 0W, 1L (-72)

USD/CAD 0W, 3L (-109)

Here are the yearly results so far:

January +891

February +206

That's a total of 1,097 pips so far in 2012, and an average of 548 pips per month.

With next month's post of the March results I will include a new graph of the overall performance of FPM since I began trading it live in 2007.

For more information regarding purchasing Forex Profit Monster (or my daytrading system Forex Day Monster), visit www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Thanks for reading the results blog for Forex Profit Monster, and best of luck in your trading!

Jim

www.forexprofitmonster.com

http://myworld.ebay.com/jimsgr8stuff4less

Forex Profit Monster Results - January 2012

Finding the time to transcribe my FPM trading results lately has been tough. It's not that I've been losing (which we'll get to in a minute... a special "hello" to those of you who continue to email me hoping that I'm not still seeing success trading with FPM), but that I've been extremely busy. I've been busy day trading, which has been offering up a lot of great opportunities lately, even though I've had to actually manage some of the trades for more than a day. I've also been busy working on a new trading course that goes more in depth into the areas that traders need to work on to become successful... more on this as it becomes available.

Because I know it's important I've forced myself to sit down on a beautiful 70 degree Saturday to update the past couple months of results as I just don't get much time during the trading week anymore.

The month of January was an "above average" month for FPM, showing me a total win of 891 pips. This was a great way to start 2012, and some equity from open trades from January carrying into the next month gave me a good start to a profitable month for February as well. Here are the results for January:

25 total trades

12 winning trades: 1,802 pips

13 losing trades: 911 pips

Total profit: +891 pips

48% win rate

Avg win: 150 pips

Avg loss: 70 pips

Avg risk/reward ratio: 2.14 to 1

Here are the January results by currency pairs traded on the 4 Hour chart:

EUR/JPY 2W, 0L +532

GBP/JPY 2W, 1L +311

EUR/USD 1W, 0L +162

USD/JPY 2W, 2L +50

USD/CAD 1W, 3L +19

USD/CHF 2W, 4L (-5)

AUD/USD 1W, 1L (-7)

GBP/USD 1W, 2L (-171)

Of course this being the first results of 2012, they're also the yearly totals... +891 pips.

Remember that I'm also only updating the overall pip totals now once per quarter. A new graph will be posted with the March results.