TRADE SUMMARY >> Trade has just been opened at 21:00 BST in bullish direction. Will be looking to close trade at market tomorrow by 11:30am BST, before the MPC Interest Rate decision at 12:00pm BST.
TRADE SUMMARY >> I had to close the opened trade from yesterday at 11:30 BST for a loss of minus -10 pips as the MPC interest rate decision was coming out. No further trades today.
TRADE SUMMARY >> Trade was opened in bearish direction around 13:00 BST and broke down very strongly. Locked in to break even within an hour of opening trade. Trade nearly hit +180 Pip target but had to close for +167 Pips as I do not leave trades open over the weekend in case of market/price gapping when it re-opens on Sunday evening.
TRADE SUMMARY >> Trade was opened at 21:00 BST two hours after FOMC news pushed price up in bullish direction. Trade will still open until President Draghi speech tomorrow at 14:00 BST. Have to also take into consideration.
TRADE SUMMARY >> Trade that was opened yesterday was closed today at 13:30 BST before President Draghi spoke at 14:00 BST for +30 pips profit. Price did rise initially during and after Draghi speech but it is important I stick to trading plan and close trades at market before key fundamental news items are released.
TRADE SUMMARY >> Trade was opened in a strong bearish move. There were no key fundamental news items scheduled so I was able to let trade run throughout course of day. I had to close trade at 21:00 BST for +75 pips profit as I don’t leave trades open over weekend.
TRADE SUMMARY >> Trade was opened in bullish direction late yesterday and ranged around entry level of 1.3015. I manually closed trade at 14:30 BST as Fed Char Yellen was testifying at 15:00 BST which has been known to cause volatility in the past. Trade was closed at BE.
Strategy back tested over 4 years has produced ON AVERAGE +1500 pips per year. By using compounding interest money management technique, this strategy can turn an initial balance of $10,000 into $576,000 over the course of 10 years by using 3% of capital per trade. Even though I use 3% of my capital per trade, I would advise followers to allocate only 1-2% of their capital per trade if you are risk averse.
COMPOUND INTEREST FORMULA >> i) BALANCE: $10,000 ii) 3% PERCENT OF BALANCE PER TRADE = $300 iii) MAX DRAWDOWN PER TRADE: Max 1 Position X 90 Pip Stop Loss = 90 Pips Maximum Drawdown per trade iv) CALCULATION: $300 / 90 PIPS = 3.3 Lots per pip/point (0.33 Mini Lots) per pip/point. [*Followers can change lot allocation daily, weekly, monthly or yearly but I advise daily if possible]
***TEN YEAR RETURN PLAN***
YEAR ONE >> Starting Balance: $10,000 | Profit: $5000 | Closing Balance: $15,000
YEAR TWO >> Starting Balance: $15,000 | Profit: $7500 | Closing Balance: $22,500
YEAR THREE >> Starting Balance: $22,500| Profit: $11,250 | Closing Balance: $33,750
YEAR FOUR >> Starting Balance: $33,750 | Profit: $16,875 | Closing Balance: $50,625
YEAR FIVE >> Starting Balance: $50,625 | Profit: $25,312 | Closing Balance: $75,937
YEAR SIX >> Starting Balance: $75,937 | Profit: $37,968 | Closing Balance: $113,905
TRADE SUMMARY >> Trade was opened in bearish direction on 4am Candle. News that Britain will be officially leaving EU/Article 50 in March 2017 helped push price and sentiment in negative direction. Trade is currently around BE at time of writing this.
TRADE SUMMARY >> Trade that was opened in bearish direction yesterday has continued downwards in strong downtrend. It currently sits at the time of this post at +120 Pips. Trade is locked in to BE so will continue to hold for TP
TRADE SUMMARY >> Trade is still open. Currently at +100 pips and locked in but in a pull back. Nearly hit 180 pip TP but price pulled back near target.
TRADE SUMMARY >> Trade opened in bullish direction on 16:00 candle. Against a strong downtrend. Will be exiting tomorrow at 13:00 before USD retail sales numbers are released. Currently at -25 pips at time of writing.
