Looking back after the fact it was the Yen that carried the month. With the changing leadership in Japan and the announcement about the government not being so concerned about keeping the Yen weak (which removes the threat of government intervention, at least for now) we've seen some nice moves to the upside as the Dollar gains strength, along with the other major currencies. This is ironic as you'd think you would have seen the opposite happen since the Bank of Japan has spent more than the past two years trying to keep the Yen from getting any stronger by intervening in the market. The government says it doesn't care about making the Yen weak and the Yen becomes weaker... this is why you can't trade your opinion on fundamentals successfully, you have to have a trading plan and follow it systematically. If you were trading a fundamental opinion you probably would have been expecting the Yen to gain more strength and would have missed the several hundred pips of profit available to you from the Yen pair moves in November.
Here are the November results on the 8 pair I trade on the 4 Hour chart:
27 trades total
11 wins: 1,293 pips
16 losses: 636 pips
Total: +657 pips
40.7% win rate
Avg win: 117
Avg loss: 39
Avg risk reward ratio: 3.0 to 1
Results by currency pair:
EUR/JPY 2W, 1L +292
GBP/JPY 2W, 1L +274
USD/JPY 1W, 2L +132
USD/CAD 1W, 2L +81
EUR/USD 1W, 2L +64
GBP/USD 1W, 1L +49
USD/CHF 1W, 2L (-67)
AUD/USD 2W, 5L (-168)
The results for 2012 so far:
January: +891
February: +206
March: +1,667
April: (-293)
May: +1,640
June: +2,209
July: (-343)
August: (-699)
September +1,103
October (-220)
November +657
That's a total of 6,818 pips, or an average of 619 pips per month.
For more information regarding purchasing Forex Profit Monster (or my day trading system Forex Day Monster), please visit the website at 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.
Best of luck in your trading...
Jim
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