February 2010 Performance
259 pips profit was generated for the month of February 2010. 12 trades were executed: 9 trades won and 3 trades lost. This results in a Success rate of 75%!
If you are trading 1 full contract (100,000) per trade, your profit for 259 pips will be around US$2590.
Here are the details of my trades:
1. EURUSD: 70 Pips Loss
EURUSD falls after hitting the stop. This shows that our strategy is still good, but we had placed our stop too close for this trade.
Original:
Sell EURUSD at 1.3610
Stop level at 1.3680
Target level at 1.3500
2. EURUSD: 83 Pips Loss
Stop has triggered at 1.3530, loss is 83 pips.
Original:
Buy EURUSD at 1.3613
Stop level at 1.3530
Target level at 1.3700
3. EURUSD: 91 Pips Profit
8 hours ago, we had entered a trade to sell EURUSD at 1.3691.
We had placed a target level at 1.3600 and stop loss level at 1.3759.
Target level was reached at 1.3600, profit is 91 pips.
Original:
Sell EURUSD at 1.3691
Stop level at 1.3759
Target level at 1.3600
4. AUDUSD: 80 Pips Profit
7 hours ago, we had shorted AUDUSD at 0.8885 with target level at 0.8805.
Target level was reached at 0.8805, profit is 80 pips.
Original:
Sell AUDUSD at 0.8885
Stop level at 0.8950
Target level at 0.8805
5. EURUSD: 52 Pips Profit
4 hours ago, we had shorted EURUSD at 1.3776.
Just a while ago, we had closed my position at 1.3724, profit is 52 pips.
If you are trading 1 standard lot, 52 pips is equivalent to USD520.
Original:
Sell EURUSD at 1.3776
Stop level at 1.3840
Target level at 1.3680
6. EURUSD: 70 Pips Loss
Stop has triggered, loss is 70 pips.
Original:
Sell EURUSD at 1.3742
Stop level at 1.3812
Target level at 1.3620
7. AUDUSD: 51 Pips Profit
AUDUSD has near to the peak of the downtrend channel.
Decides to take profit. Closed at 0.8726, profit is 51 pips.
Original:
Buy AUDUSD at 0.8675
Stop level at 0.8600
Target level at 0.8775
8. AUDUSD: 14 Pips Profit
AUDUSD starts to retrace downwards.
Closed AUDUSD at 0.8666, profit is 14 pips.
Original:
Buy AUDUSD at 0.8652
Stop level at 0.8540
Target level at 0.8737
9. EURUSD: 63 Pips Profit
EURUSD has a deep fall. I decide to close my position.
Closed my position at 1.3946, profit is 63 pips.
Original trade:
Sell EURUSD at 1.4009
Stop level at 1.4057
Target level at 1.3922
10. AUDUSD: 21 Pips Profit
EURUSD is looking weak and it may pull AUDUSD down. I do not want to take chance.
Closed my AUDUSD at 0.8892, profit is 21 pips.
Original trade:
Buy AUDUSD at 0.8871
Stop level at 0.8800
Target level at 0.8990
11. AUDUSD: 30 Pips Profit
Market looks pretty unstable. I decide to close off my position before I go to sleep.
Closed at 0.8834, profit is 30 pips.
Original trade:
Buy AUDUSD at 0.8804
Stop level at 0.8740
Target level at 0.8895
12. AUDUSD: 80 Pips Profit
RBA is going to announced interest rate decision in the next few hours.
Price may go up or down drastically after the announcement, we do not want to take risk.
Closed our position at 0.8916, profit is 80 pips.
Original trade:
Buy AUDUSD at 0.8836
Stop level at 0.8745
Target level at 0.8986
All of my trades are executed based on fully tested trading system based on real life experience.