August 2008

26 trades, 16 winners ( 61.5%), with a total -164 pips (-4.4%). For the whole year, we are up 465 pips or 14.5% risking 1% of the equity on each trade:

Week 10

12 trades were triggered this week, 9 winners. In total I banked 216 pips, making the pipage to a total of 419. I earned $ 168.54 for the week (3.21%). For the whole period, I am up 8.37%.

BTD: $ 5418.49

What I did wrong: I was pretty obeying the rules. The only trade which was wrong according to the rules was the kiwi trade and the result was -74 pips (no wonder!).

What Should I do for next week:

1- Continue to concentrate on 5 pairs.

2- Risk no more than 1% per trade.

3- As always said: good results come from good trades. Stick to good trades and good results will follow…

The chart:

 

#22-25

Using FX HAT, it is now easier to track the records. Here are my records for these four trades ( I would not write down each entry points like before, but you may find all in here or here):

BTD : $5405.26

PTD: 389 pips.
WIN :72 %

#17

Sell NZD/USD @ 0.7875

Size: 0.1 lot

Stop: 0.7920

Target: 0.7900

CLOSED AT PROFIT

BE @ 0.7836

BTD : $5343.33

PTD: 425 pips.
WIN :76%