Forex Profit Monster Results - August 2012

It's not very often that I see 2 losing months back-to-back, but that's what August brought to me.  The bad news is that I closed out the month of August losing 699 pips, but the good news is that I caught some great trends toward the end of the month and carried about 1,900 pips of profit in open equity into September.  As long as there aren't any large spikes in volatility this should be enough to wipe out the drawdown that I entered into at the end of June and should keep me from showing a loss for the 3rd quarter of 2012.  Of course I won't know until the month of September is closed out and the pips (and money) are "realized".

Here are the results for the 4 Hour chart in August:

27 trades
  6 wins:    517 pips
21 losses: 1,216 pips

Total:  (-699) pips

22% win rate
Avg win:  86 pips
Avg loss:  58 pips
Avg risk/reward:  1.48 to 1

And the results by currency pair:

GBP/JPY  1W, 1L  +79
USD/CAD 1W, 2L  +62
AUD/USD 2W, 1L  +58
EUR/JPY  1W, 2L  (-40)
GBP/USD 1W, 2L  (-93)
USD/JPY  0W, 5L  (-151)
USD/CHF 0W, 4L  (-289)
EUR/USD 0W, 4L  (-325)


The yearly results so far in 2012:

January: +891
February: +206
March: +1,667
April: (-293)
May:  +1,640
June:  +2,209
July:  (-343)
August: (-699)


That's a total of 5,278 pips, or an average of 659 pips per month.

In a couple of weeks I'll post the September results and of course the end of September means the end of the 3rd quarter, so I'll have an updated chart of the overall equity.

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
www.forexprofitmonster.com

Forex Profit Monster Results - July 2012

There's nothing like a vacation to get you to clean up all the work you're behind... and since I'm leaving for the beach tomorrow morning for a vacation I wanted to get the results blog up to date.

After a big winning month there's always a time for some ranging before price establishes direction again, and July was no exception.  It was a small losing month, which I've come to expect after those large 2,000+ pip wins like I saw in June.

Here are the July results on the 4 Hour chart for the 8 pairs I trade:

35 trades
12 wins:   1,056 pips
23 losses: 1,399 pips

Total: (-343) pips

34% win rate
Avg win:  88 pips
Avg loss: 60 pips
Avg risk/reward:  1.46 to 1

And the results by currency pair:

EUR/JPY  2W, 1L  +251
EUR/USD 1W, 3L    +58
USD/JPY  1W, 2L    +46
USD/CHF 1W, 3L     +1
USD/CAD 2W, 3L  (-66)
AUD/USD 2W, 3L  (-81)
GBP/JPY  2W, 4L  (-195)
GBP/USD 1W, 4L  (-357)

The yearly results so far in 2012:

January: +891
February: +206
March: +1,667
April: (-293)
May:  +1,640
June:  +2,209
July:  (-343)

That's a total of 5,977 pips, or an average of 853 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
www.forexprofitmonster.com

Forex Profit Monster - June Results - 2nd Quarter Results

As you can see from the updated graph above, it's time for the 2nd Quarter results for 2012 (and of course the June results) for Forex Profit Monster.  (Actually the results are overdue, but I've been so busy that I haven't had time to update the blog).

The one thing you'll notice about the equity curve pictured above is how much smoother it is since I've started tracking it quarterly instead of monthly.  This is a lesson for those of you who are impatient... while I've changed nothing at all about the trading system or the way I trade it, the drawdowns now look almost nonexistent.  Just by spreading the data out over time the equity curve smooths itself out.  Something to think about if you find yourself getting upset and angry after a losing month (or even a losing trade)!  If you are trading a system with an edge if you are consistent and patient over time you will profit.

Here are the results for June:

31 trades
10 wins:  3,105 pips
21 losses:  806 pips

Total profit: + 2,209 pips

32% win rate
Avg win:  301
Avg loss:  38
Avg risk/reward:  7.92 to 1

And the results by currency pair as traded on the 4 Hour chart:

EUR/JPY   2W, 2L  +777
GBP/USD  1W, 2L  +687
GBP/JPY   1W, 3L  +605
USD/CAD  1W, 3L  +333
AUD/USD  2W, 1L   +68
USD/JPY  3W, 2L   (-47)
USD/CHF  0W, 4L  (-105)
EUR/USD  0W, 4L  (-109)


The yearly results and total so far:

January: +891
February: +206
March: +1,667
April: (-293)
May:  +1,640
June:  2,209


As for the 2nd Quarter of 2012, it was a good one!  A total of 3,556 pips were added during the months of April, May and June.  That brings the total for 2012 to 6,320 pips and the all-time total to 63,190 pips since I started trading the system in the Fall of 2007.

That's it for now... I'll post the totals for July in the next few days.

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
www.forexprofitmonster.com

Forex Profit Monster Results - May 2012

I've been trading long enough now that I've become very comfortable with Forex Profit Monster.  I designed this system in 2006 and started trading it live with real money in 2007.  In the past 5 years I've seen the cycles that the market and this system goes through... but the month of May showed me another "first" for this system... I had some pairs that I didn't take a single trade on for the entire month.  The reason for this is that trades opened in April carried all the way through the month of May and into June with positive open equity and no exit signal.  While this may be a common occurrence for trading a Daily chart, it's the first time I've seen it happen on the 4 Hour chart.  I also consider it a "harbinger" of things to come... if you study markets and believe in fractals and wave theory then a move like this is most likely setting up for the higher time frames (Daily and Weekly).  I'm currently carrying close to 3,000 pips of open equity into June, so it looks like another good month of trading with FPM next month as well!

Here are the results for May 2012 on the 4 Hour chart:

8 total trades
4 wins: 1,890 pips
4 losses:  250 pips

Total:  +1,640 pips

50% win rate
Avg win:  472 pips
Avg loss:   62 pips
Avg risk/reward:  7.61 to 1

And the results by currency pair (I've listed the open equity on the pairs that didn't have any trades in May, this amount was not included in the profits for May but is being carried forward from April into June):

EUR/USD  1W, 0L  +732
AUD/USD  1W, 0L  +541
USD/CHF  1W, 0L  +533
USD/CAD  0W, 1L  (-58) (plus +450 in open equity)
USD/JPY  1W, 3L   (-108)
GBP/JPY  No Trades (+800 open equity)
EUR/JPY  No Trades (+800 open equity)
GBP/USD No Trades (+700 open equity)


The yearly results and total so far:

January: +891
February: +206
March: +1,667
April: (-293)
May:  +1,640

That's a total of 4,111 pips for 2012 so far, with an average of 822 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.

Jim
www.forexprofitmonster.com

Forex Profit Monster Results - April 2012

April 2012 was a "ranging" month, to be expected after the nice start to the year.  Some small wins, some small losses... all adding up to a small losing month, the first losing month of the year.  The nice thing is that during the month of May several large trends began on a few of the pairs and I'm currently carrying an equity profit of over 1,500 pips which is almost a guarantee of a very profitable May (as long as the trades close out in the next week or so)!

Here are the results for April:

36 total trades
12 wins for 1,172 pips
24 losses for 1,465 pips

Total for April (-293)

33% win rate
Avg win: 97
Avg loss: 61
Avg risk/reward: 1.59 to 1

And the results by currency pair as traded on the 4 Hour chart:

GBP/JPY  2W, 0L  +259
EUR/JPY  2W, 1L  +143
GBP/USD 1W, 3L   +36
EUR/USD 2W, 2L  (-21)
USD/JPY 1W, 3L  (-98)
USD/CHF 2W, 3L (-143)
AUD/USD 1W, 5L (-188)
USD/CAD 1W, 7L (-282)

The yearly results and total so far:

January: +891
February: +206
March: +1,667
April: (-293)

That's a total of +2,471 pips and an average of +617 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.

I got a question this month through the blog about the MT4 platform slowing down and freezing while using FPM and FDM.  Unfortunately the MT4 platform is a "memory hog" and this is almost always a RAM issue with the computer being used.  The lower the time frame you are trading the more of an issue this becomes.  The only remedies are:

1.  Use fewer active charts on your platform.  You can always use one chart and "drag" the new currency pair you'd like to see into the chart from the navigator window instead of running several charts at once.

2. Trade a higher time frame that requires less of your computer's memory resources (combined with fewer charts this is even more effective).

3.  Upgrade to higher RAM for your computer.

Thanks for visiting the results blog and best of luck in your trading!

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less

Forex Profit Monster Results - March 2012

Time for the March results (and quarterly update) for Forex Profit Monster. March was a great month with over 1,600 pips of profit realized, mostly from Yen pairs that had entered into sustained trends in February.

Here are the results:

33 total trades taken

14 winning trades: 2,752 pips

19 losing trades: 1,085 pips

Total profit: + 1,667 pips

42% win rate

Avg win: 196

Avg loss: 57

Avg risk/reward: 3.43 to 1

Here are the results by currency pair as traded on the 4 Hour chart:

GBP/JPY 2W, 1L +726

EUR/JPY 3W, 2L +620

USD/JPY 2W, 1L +461

EUR/USD 2W, 1L +67

USD/CHF 2W, 1L +60

GBP/USD 2W, 1L +28

AUD/USD 1W, 4L (-73)

USD/CAD 0W, 6L (-222)

The month of March ends the first quarter of results for FPM, and all three months were positive; with January posting an 891 pip gain, February added 206 pips, and March 1,667. That's a total of 2,764 pips for the first quarter of 2012, and a grand total of 59,634 pips since I started trading Forex Profit Monster live in the 2nd quarter of 2007. (You can see a graph on the performance since 2007 at the top of this post.)

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 - 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.

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 - December 2011

Here it is... the new equity curve for Forex Profit Monster. As mentioned in previous posts, the software that I use to plot the equity curve has a limitation of the number of data points you can use, and as of a couple of months ago that limit was reached. I decided to recompute the curve on a quarterly plot instead of monthly so that I can continue to post the curve on the results blog using the same software.

The funny thing is, the difference in the equity curve can teach a lesson as far as trading discipline is concerned. Look at the graph above and compare it to the last monthly graph:

Do you see how the drawdowns are more noticeable in the monthly graph than the quarterly graph? While technically the information is exactly the same, it shows that seen over a longer time frame the same results seem less volatile. While many small drawdowns can be seen in the monthly graph (every time there is a losing month there is a drawdown in the graph)... there are hardly any visible in the quarterly graph. The only one of any relevance at all is in Q3 of 2010... and even that is extremely small and lasts for only that quarter. Want to take it to the "next level"? Here's a graph of the yearly results:

See how there are NO drawdowns in the yearly results at all?

So what lesson is to be learned here as a trader? With a viable trading method that has a positive expectancy, you CAN'T allow the results of single trades (or even single weeks or months worth of trades) to cause you to lose your focus. If you become undisciplined because you have a losing streak or enter a drawdown, you may miss out on the profits that will help you to overcome the losses. You must keep focused on the "big picture"... or making money over time. Days, weeks, or even a couple of months of losses in a row don't mean anything over the long haul.

With that covered, here are the results for December:

29 trades total

11 wins: 1,251 pips

18 losses: 1,158 pips

Total pips: +93

37% win rate

Avg win: 113

Avg loss: 64

Avg risk/reward ratio: 1.76 to 1

Here are the results by currency pair on the 4 Hour chart:

AUD/USD 2W, 1L +268

EUR/USD 2W, 1L +239

EUR/JPY 1W, 0L +195

USD/CAD 2W, 1L +137

USD/CHF 1W, 2L +42

USD/JPY 0W, 5L (-118)

GBP/JPY 2W, 3L (-126)

GBP/USD 1W, 5L (-544)

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

November +1,286

December +93

That's a total of 9,046 pips in 2011, and an average per month of +753 pips. For more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at www.forexprofitmonster.com.

To purchase either system (or both) at a discount, visit 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

www.forexprofitmonster.com

Forex Profit Monster Results - November 2011

So the holidays are over and it's the start of a new year! This post includes only the November results because I'm just getting around to transcribing my trading logs and posting the results from November. I've been enjoying some downtime over the past several weeks... but I'm taking some time on a Sunday morning to catch up on some of the more "clerical" aspects of my trading that I can procrastinate.

I've also spent some time over the past couple of weeks reviewing the data from the past few years and reorganizing it from monthly data points to quarterly. Beginning with the December results I'll start posting a new equity graph using the quarterly results instead of monthly results. (While I'll still post monthly results here on the blog, the graph will only be updated each quarter).

November was a very good month for Forex Profit Monster with an overall profit of 1,286 pips. Here are the overall results of the 8 pairs I trade on the 4 Hour charts with FPM:

20 trades total

10 wins: 2,104 pips

10 losses: 818 pips

Total pips: +1,286

50% win rate

Avg win: 210 pips

Avg loss: 81 pips

Avg risk/reward: 2.59 to 1

Here are the results by currency pair:

GBP/JPY 2W, 0L +586

EUR/JPY 2W, 1L +340

USD/CHF 1W, 0L +284

AUD/USD 1W, 1L +233

USD/JPY 1W, 0L +58

EUR/USD 1W, 1L +49

USD/CAD 1W, 3L (-91)

GBP/USD 1W, 4L (-173)

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

November +1,286

That's a total of 8,953 pips so far in 2011, and an average per month of +813 pips. For more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at www.forexprofitmonster.com.

To purchase either system (or both) at a discount, visit 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

www.forexprofitmonster.com

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/

Forex Profit Monster Results - September 2011

Here we go... into another Fall of economic uncertainty. What's going on in Europe... is the stock market heading for free-fall... is the U.S. Dollar finally going to collapse... is Gold a bubble about to burst or is it picking up a head of steam to the upside again???

If you find yourself asking these questions and allowing your opinion (or other's opinions) about these situations to either make your trading decisions for you or make you freeze up and unable to make a trading decision, then you are trading without a plan.

To be a successful trader you MUST have a plan in the form of a resilient trading system. I developed Forex Profit Monster in 2006 and have been trading it on a live account since 2007. That's almost 5 years... and even though FPM doesn't win every month (no trading system does... if someone tries to tell you theirs does you need to run the other way) it has kept my losses and drawdowns to a minimum and delivered relatively steady profits over time. The month of September was no exception, with a win of over 2,200 pips. This extraordinary month puts me at a new high for total pips won and more importantly, at a new high in my account balance! It has also almost doubled the pip total for the year... all in all a great month!

Here are the details for September:

16 trades

8 wins: 2,756 pips
8 losses: 529 pips

Total pips: +2,227

Avg win: 344
Avg loss: 66
Avg risk/reward: 5.21 to 1

Win rate: 50%


And the breakdown of results by currency pair traded on the 4 Hour chart:

GBP/JPY 1W, 0L +620
GBP/USD 1W, 1L +620
EUR/USD 2W, 0L +589
EUR/JPY 2W, 1L +434
USD/CHF 1W, 2L +153
USD/JPY 1W, 0L +17
AUD/USD 0W, 1L (-92)
USD/CAD 0W, 3L (-114)


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

That's a total of 5,033 pips so far in 2011, and an average per month of +559 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/

Forex Profit Monster Results - August 2011

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/

July 2011 Results - Forex Profit Monster

The hazy, lazy days of summer... less trading volume and more vacation... means I'm late again this month posting the results! Thankfully my lack of discipline is only showing in this regard... my trading continues to be right on track :-)

The month of July was a winner, although not a fantastic one, still a winner, with a profit of 225 pips. There weren't a lot of huge moves in July... a nice trend on the EUR/JPY for a little over 300 pips accounted for most of July's profits. Once again I closed out the month and started August with over 1,000 pips of positive equity, and out of that equity I've closed out a USD/CHF short trade that profited me almost 600 pips toward the August results, which just about guarantees that I'll have a winning August as well.

It's been a rollercoaster month so far in the equities, with the DOW seeing some of its biggest one day gains and losses ever over the past couple of weeks. What does this mean for the currency market? Hard to say... usually it means a strengthening U.S. Dollar as people flee the more volatile, "riskier" markets for the "safety" of cash and U.S. treasuries. Funny thing is, this time it doesn't seem to be happening. Most people are either sticking it out or buying gold and silver... which seems to lend creedence to those who are waiting for the U.S. Dollar to devalue even more... or even collapse. As a trend follower I won't allow those fundamentals to affect my trading by influencing my decisions... I'll still take long trades on the Dollar if I get a signal to do so... but I have to admit that I'm much more comfortable taking the short side of the Dollar these days, especially since it's where I've been making most of my money in the past several months.

Here are the results for July:

28 total trades

12 wins: 1,309 pips
16 losses: 1,084 pips
Total pips: +225

Win rate: 43%

Avg win: 109
Avg loss: 67
Avg Risk/Reward: 1.62 to 1

And the monthly results by currency pair traded on the 4 Hour chart:

EUR/JPY 2 W, 1 L +324
EUR/USD 3 W, 1 L +127
USD/CAD 2 W, 1 L +34
GBP/USD 1 W, 2 L +5
USD/JPY 0 W, 1 L (-25)
USD/CHF 1 W, 3 L (-49)
GBP/JPY 1 W, 4 L (-61)
AUD/USD 2 W, 3 L (-130)

And the up to date yearly results so far for 2011:

January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)
July +225

That's a total of 2,585 pips so far in 2011, and an average per month of 369 pips.



That's it for July... 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/

Forex Profit Monster Results - June 2011

I'm a little late posting the June results... with the July 4th holiday things got a little hectic last week, but I'm forcing myself to transfer the results of my trading logs to the blog today... before it's time to post the July results :-)

June was a tough month on the 4 Hour chart... A LOT of ranging, particularly on the GBP/USD and USD/CAD, with these two pairs basically providing the negative pips that made June a losing month. The good news is that as of the writing of this post the Pound is experiencing a large move in the direction of my current trade, with the GBP/USD breaking out to the downside and looking like it will be helping to add to positive pips for July. Also the USD/CAD is entering a tighter range on both the 4 Hour and Daily charts, so a breakout and large move on this pair is impending, hopefully by the end of this month!

Here are the results for June:

43 trades

10 wins: 1,181 pips

33 losses: (-1,992) pips

Total pips: (-811)

Win Rate: 23%

Avg win: 118 pips

Avg loss: 66 pips

Avg risk/reward: 1.78 to 1

Results by pair:

USD/CHF 2W, 3L +247

EUR/USD 2W, 2L +171

USD/JPY 1W, 3L (-15)

GBP/JPY 2W, 2L (-48)

EUR/JPY 2W, 2L (-72)

AUD/USD 0W, 4L (-178)

USD/CAD 0W, 8L (-389)

GBP/USD 1W, 9L (-527)

And the up to date yearly results so far for 2011:

January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)

That's a total of 2,360 pips so far in 2011, and an average per month of 393 pips.

That's it for June... for more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at 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

www.forexprofitmonster.com

http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - May 2011

The month of May was another profitable month for Forex Profit Monster. I finished May with a profit of +503 pips across the 8 pairs I trade on the 4 Hour chart (and I also have over 1,000 pips in profit still open from trades opened in May as of the writing of this post).

May's results brings the pip total for the year to more than 3,000 and the average per month to more than 600. Historically the mean return for this system has been around the 600 pips per month mark, so it's nice to see a return to that amount after the slow start I experienced this year.

Here are the details of the May results:

38 total trades

16 wins: +2,140 pips
22 losses: (-1,637) pips

Total pips: +503

Win rate: 42%

Avg win: 133 pips
Avg loss: 74 pips
Avg risk/reward: 1.79 to 1

Results by currency pair:

GBP/USD 2W, 0L +427
EUR/USD 3W, 1L +268
EUR/JPY 2W, 3L +209
USD/CHF 2W, 2L +174
USD/CAD 3W, 2L +5
USD/JPY 2W, 3L (-29)
AUD/USD 1W, 6L (-192)
GBP/JPY 1W, 5L (-359)

And the up to date yearly results so far for 2011:

January (-35)
February (-334)
March +869
April +2,168
May +503

That's a total of 3,171 pips so far in 2011, and an average per month of 634 pips.

I have received some comments this month from people asking about my usage of the system... to which I will respond, that's why this blog is here! The answer to every question that was asked is contained in this blog. I know there are a lot of posts, but if you want to know more about the system and how I use it reading this blog will answer your questions. I don't mean to come across as rude, but I don't have the time to answer the same questions over and over again... when they've already been answered in the posts contained here.

If you have a question that is not covered (or need more details) I will be happy to answer them... just contact me through the email contact at the website (www.forexprofitmonster.com).

Thanks for stopping by my blog and I hope your May was as profitable as mine!

Jim
www.forexprofitmonster.com

http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - April 2011

It's been almost a year since I've had a "windfall" month like April. It always feels good to reap the rewards of being a patient trend follower... and when the pips come flowing in like they did last month, you can't help but feel good! After all was said and done, I finished April with a profit of +2,168 pips across the 8 currency pairs I trade on the 4 Hour chart. I'm at a new account balance high, a new equity high, and I have a few trades still open that have carried over into May with a current total of about 1,500 pips of profit!

I'll get into the exact details of the month's performance in a little bit, but first the time seems right to address a question I got about 2 weeks ago from a fellow trader. I'll keep this person's name anonymous because I didn't ask to publish his question, but I think it's important to answer it and discuss the subject matter he brings up in an open forum so that others who may have the same mindset can learn.

The question posed was regarding my year end results with Forex Profit Monster over the past few years and the "sub-par" performance of the first two months of 2011:

"With regards to decreasing ROI year after year (2008: 300%, 2009: 60%, 2010: 30%, 2011: ?% do you consider FPM to be slowly losing its edge?"

I don't mean to be rude, but if this seems like a good question then you have a LOT to learn, young Jedi. :-)

The fact that the ROI has decreased each year for the past 3 years is not because the trading system is becoming less effective... it's actually quite the opposite! This system is very robust, and it adapts to the current market conditions. The reason that I experienced a 300% return in 2008 was because of the global "market meltdown" toward the end of that year. FPM helped me to achieve the incredible results in 2008 (not only a 300% return for the year, but more than a 100% profit in the month of October alone) while many other traders and investors were losing 40-50% of their account values (or more... there were a lot of account "KABOOMS" heard toward the end of 2008!). It was the "black swan" event that drove the profits for 2008... those profits were extraordinary and they can't be expected EVERY year. However sooner or later they will happen again (with things the way they are more likely sooner than later), and if you're trading a sound trend following system like FPM you'll be in the same position I was in 2008 when they do.

As far as 2009 and 2010 are concerned, all veteran traders know that after a huge event like we had in 2008 it will always take some time for markets to "settle down" again while volume and volatility move from one extreme to the other... and because of this profits during these times can be squelched. I don't know if that's what you can call a 60% and 30% return, but I guess you can if you're comparing it to 300%. However, any way you look at it even 30% is a great year. Even suggesting that a 30% return on the year is "poor" performance (as the person who asked the question seems to think) shows someone who is far removed from reality!

Here's some "homework" for you if you think a 30% return on the year is poor performance... go to your local bank and ask them how much of a return they're willing to give you on a savings account; or better yet, tell an investment adviser that you think a 60% or 30% ROI on the year is poor performance and tell them you'd like to invest with them... I'd almost guarantee they won't take you on as a customer... in fact they may call security and have you escorted from the building LOL!

If you are a new trader (or even an experienced trader) who thinks the question asked was valid, then you need to adjust your view of the market(s). Trading systems can only deliver what the market allows them to under the current market conditions. If you think you have any control other than to follow your trading plan and accept the returns available then you should probably give up trading because you're going to lose all of your money in the long run. Find someone who is a good trader/money manager, give them your money to trade and let them make you some money... or just donate the money you were going to use in your account to a worthy charity... at least then it will do some good since you're probably going to lose it all anyway! As an added bonus of doing this you can claim the tax write-off!

And here's some more advice for those of you who might feel better selecting a professional to manage your money... invest it in a trend following fund... and do the opposite of human nature and buy in during a drawdown (when the fund is actually temporarily losing money) so that you can maximize your returns when the new trends kick in! If you buy in during the "good times" (like after a 300% ROI year), you may start out in a drawdown or during a long stagnant period while the market consolidates. If you're going to be successful even placing your money with someone else, this is the way you need to learn to think!

Now with that out of the way, here are the results for April:

19 trades

11 wins: +2,876
8 losses: (-708)

Total: +2,168 pips

Win rate: 57%
Avg win: 261 pips
Avg loss: 88 pips
Avg Risk/Reward ratio: 2.96 to 1

Here are the results by currency pair:

USD/JPY 2W, 0L +472
EUR/JPY 1W, 3L +444
AUD/USD 1W, 0L +421
GBP/JPY 2W, 1L +344
EUR/USD 1W, 1L +213
USD/CHF 2W, 0L +203
USD/CAD 1W, 1L +90
GBP/USD 1W, 2L (-19)

And the up to date yearly results so far for 2011:

January (-35)
February (-334)
March +869
April +2,168

That's +2,668 pips total so far for 2011, or an average of +667 pips per month.

I hope your April was as profitable as mine, here's to a successful May!

If you'd like more information about Forex Profit Monster (and my daytrading system Forex Day Monster), visit my website at www.forexprofitmonster.com. You can purchase both systems there on the "Purchase" page.

You can also buy each system individually on my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two trading systems per week at a discount.

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - March 2011

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/

Forex Profit Monster Results - February 2011

So far 2011 has been off to a very slow start, at least on the 4 Hour chart. There's been a lot of ranging, a lot of false breakouts, and a lot of world events that are lending a helping hand to the indecision in the markets. The good thing is that while February was another losing month, the loss was another small loss, this time of (-334) pips.

Many ask how I can continue to trade during times of loss. The answer is, if you're going to be a trader, you have to learn how to cope with losses. Losses in trading are a cost of doing business. The inability to cope with loss in trading is a serious psychological flaw. It's when the losing trader gives up on a profitable system and goes in search of the "Holy Grail". And this usually happens right before the trades that offset the losses and provide the new profits begin.

All trading systems have losses... the most important thing is that the system profits over time. And as you can see from the graph above, I'm well into profit since I started trading FPM live in 2007, and the current "drawdown" of just a few hundred pips can't really even be seen. Why would I give up on it now? This ranging can't go on forever... and the longer it does, the larger the breakouts and the longer the trends will be once they begin!

As of the writing of this post I have a few trades open and in profit, including one on the EUR/USD that has been open since mid February and is currently over 350 pips in profit. This means that even though the cash value of my account is in a drawdown, my equity is actually at a new high.


Here are the totals for February across the 8 currency pairs I trade on the 4 Hour chart:

29 total trades
9 wins: 847 pips
20 losses: 1,181 pips
Total: (-334) pips

Win rate: 31%
Avg win: 94 pips
Avg loss: 59 pips
Avg R/R: 1.59 to 1

Here are the results by currency pair:

GBP/JPY 2 W, 0 L +274
USD/CHF 2 W, 0 L +224
USD/JPY 2 W, 1 L +174
AUD/USD 2 W, 3 L (-69)
GBP/USD 1 W, 3 L (-153)
USD/CAD 0 W, 4 L (-184)
EUR/JPY 0 W, 5 L (-289)
EUR/USD 0 W, 4 L (-311)

Here are the results so far for 2011:

January (-35)
February (-334)

Total: (-369) or an average of (-184) pips per month.

Here's to great trading, and may the pips flow into your account!

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - January 2011

It's off to a slow start for 2011 as January was basically a "break even" month. While technically it was a loss, the loss for the entire month was only (-35) pips which is less than the spread on the trades taken since there were 31 trades in January. Any time I can finish the month in the negative and have that negative be less than the cost of placing the trades I don't really think of it as a losing month :-)

While January was basically a "flat" month, I have already closed out a couple of profitable trades of more than 100 pips each in February, and I also have over 350 pips of open equity as of the writing of this post, which makes February a positive month so far. It's too early at this point to know how the month will play out, but it's always nice to be in the positive!

Here are the results for January:

31 total trades

7 wins: 1,708 pips
24 losses: (-1,743) pips

Win rate of trades: 22.5%
Avg win: 244
Avg loss: 72
Avg risk/reward: 3.38 to 1

The results by currency pair:

EUR/USD 2 W, 0 L +566
EUR/JPY 1 W, 2 L +118
USD/CHF 1 W, 1 L +95
GBP/JPY 1 W, 3 L (-35)
USD/JPY 0 W, 3 L (-120)
USD/CAD 0 W, 5 L (-190)
AUD/USD 1 W, 5 L (-208)
GBP/USD 1 W, 5 L (-261)

For more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at www.forexprofitmonster.com. To purchase, click on "Purchase" on the website, or visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.

Thanks for checking out the January results, and best of luck in your trading!

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - December 2010 and Yearly Results for 2010

Even though I may be a week late by the time I got around to writing this post, let me wish you a Happy New Year!

The end of a year always provides the opportunity to look back over the past year (and sometimes even further) to evaluate things... and that's what I've been doing recently with my trading with FPM.

First conceived and developed by me in 2006 and first traded live in 2007, this system is now heading into its 5th year as my primary trading system. You can see from the graph above that I've had a lot of success with FPM since the start... and if you'd like you can read about my month to month experience and results by going back to the beginning of this blog which I started in January 2008, just a few months after I began trading with FPM. There are very few trading systems available with this type of transparency... no curve fit back tests... no "look at this one trade" screen shots... just my personal month to month results (winning and losing) for anyone to see and decide if they want to use FPM in their own trading.

The end of a year is also a very telling time for a trading system as yearly results are the industry standard for judging trading systems and money management firms. Monthly results are nice to follow, but with the changes in price cycles and trends anyone can get lucky for a month (or even a few months). There just isn't enough data in the few trades generated in a single month to give you a good idea of overall performance. However in 2010 I passed some milestones with FPM... not only did I surpass the industry benchmark of a full 3 year track record, but also surpassed 1,000 trades with FPM last year. (While 1,000 trades may not be a huge sample, remember this is LIVE FORWARD TRADING... not back testing. There's a world of difference between the two, and live forward trading trumps any kind of back testing... no matter how much data you use or how many trades you back test!) The report card for 2010 is in... and even though it wasn't my best year of trading with FPM... it was still a very profitable year! I'll get to those results for the year just after the December 2010 results:

32 trades
13 wins: 2,076 pips
19 losses: 1,489 pips
Total: +587 pips

40 % win rate
Avg win: 159 pips
Avg loss: 78 pips
Avg Risk/Reward: 2 to 1

Here are the results for December 2010 by currency pair:

USD/CHF 2 W, 0 L +493
AUD/USD 4 W, 1 L +337
GBP/JPY 1 W, 2 L +318
GBP/USD 1 W, 1 L +102
EUR/JPY 2 W, 1 L +97
USD/CAD 1 W, 3 L +57
USD/JPY 1 W, 5 L (-113)
EUR/USD 1 W, 6 L (-698)

Here are the results for the year 2010:

January: +823
February: +669
March: +434
April: (-446)
May: +4,597
June (-1,870)
July (-185)
August +903
September (-1,737)
October +1,717
November +901
December +587

The win rate of months for the year 2010 was 66%

8 winning months for 10,631 pips
4 losing months for 4,238 pips

Total pips won: +6,393
Average: +532 pips per month

Here's a graph of yearly performance from 2007 to the end of 2010:


These results translated into a 37% increase in my account in 2010.

What will happen in 2011? No one knows... but I'm confident that after the results I've had with Forex Profit Monster over the past 4 years that if I follow the trading plan and manage my money properly (as instructed with the information that comes with FPM), I will continue to add to my profits in 2011 and beyond!

For more information about Forex Profit Monster (or my day trading system Forex Day Monster), visit the website at www.forexprofitmonster.com. To purchase, click on the "Purchase" tab in the menu at the top of the website, or visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/.

Thanks for reading and all the best to you, your family and friends in 2011!

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - November 2010

Another good month of trading with Forex Profit Monster comes to a close in November as I ended the month with a profit of 901 pips. That keeps me near the all-time high of my account balance (and pip total) as you can see in the graph above.

It was a relatively active month with 37 trades and only a couple of long trends coming to an end. A lot of currency pairs were ranging on the 4 Hour chart in November, but luckily the ranges were large enough that many of those trades closed out as small wins instead of small losses (as is usually the norm with ranging months). This also accounts for the 54% win rate of trades for the month... more winning trades, but the wins were for fewer pips than usual.

Here are the details for November:

37 trades

20 winning trades - 2,296 pips
17 losing trades - 1,395 pips
Total: +901 pips

54% win rate

Avg win: 114 pips
Avg loss: 82 pips
Avg R/R: 1.4 to 1

Here are the results by currency pair for the 8 pairs I trade on the 4 Hour chart:

EUR/USD 2W, 2L +502
USD/CHF 2W, 1L +209
AUD/USD 2W, 1L +187
GBP/JPY 4W, 0L +179
GBP/USD 3W, 4L +110
USD/CAD 3W, 2L (-1)
USD/JPY 2W, 3L (-13)
EUR/JPY 2W, 4L (-272)

Here are the results for 2010 so far:

January: +823
February: +669
March: +434
April: (-446)
May: +4,597
June (-1,870)
July (-185)
August +903
September (-1,737)
October +1,717
November +901

Total: +5,806 pips
Average: +527 pips per month

Next month's results will bring us to the end of another year... and my 4th profitable year in a row trading with FPM!

To contact me or for more information regarding the Forex Profit Monster trading system (and my day trading system Forex Day Monster) visit my website at www.forexprofitmonster.com, or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/.

I hope your trading was as profitable as mine in November and here's to adding to our pip total in December!

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - October 2010 - New Equity High!

The month of October's +1,717 pip profit was in the top 10 of monthly returns since I've started trading FPM live in the summer of 2007. It was a welcome month after the past few months where I've basically been treading water since May's 4,500+ pip win. While I'm still in a slight drawdown, I now have the chance to be at a new high in my account balance by the end of the year; because if you include 3 profitable trades from October that are still open as of this blog post, and 4 more profitable trades that I've opened in the first few days of November, I am at a new equity high!

Once again the lesson to be learned here is you must be persistent and disciplined in your trading. Even though my pip total for the year has always been positive, it wasn't easy to have a losing month 3 out of the last 4 months before the large winning month of October. If I had given up because of those losing months, I wouldn't have won the pips in October or opened the trades in early November that have me at a new equity high. Trading psychology is extremely important in your development as a trader! That's why information to help you learn about trading psychology is included in the material in the Forex Profit Monster trading system. The other thing to learn is to manage your money properly. Don't do stupid things like doubling down on your trades because you think you're due for a win. Stick to position sizes that are reasonable for your account size and learn to ride out your losing periods. You can't win at trading unless you learn to manage your money properly! Again, this is why I wrote an eBook on money management and include it with Forex Profit Monster (this information is also included with my day trading system Forex Day Monster).

Here are the results for October 2010:

31 trades taken

11 wins: 3,489 pips
20 losses: 1,772 pips

Total: +1,717 pips

35% win rate of trades
Avg win: 317
Avg loss: 88
Avg risk reward: 3.6 to 1

Details of results on the 8 pairs I trade on the 4 Hour chart:

USD/CHF 2 W, 0 L +514
EUR/USD 1 W, 4 L +470
EUR/JPY 1 W, 4 L +434
GBP/JPY 1 W, 1 L +212
USD/JPY 1 W, 2 L +158
AUD/USD 2 W, 4 L +116
USD/CAD 1 W, 2 L +17
GBP/USD 2 W, 3 L (-204)

Here are the results for 2010 so far:

January: +823
February: +669
March: +434
April: (-446)
May: +4,597
June (-1,870)
July (-185)
August +903
September (-1,737)
October +1,717

Total: +4,905 pips
Average: +490 pips per month

That's it for this month... hope your October (and so far November) has been as profitable as mine!

For more information regarding the Forex Profit Monster trading system (and my day trading system Forex Day Monster) visit my website at www.forexprofitmonster.com, or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/.

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/