‘If you wait until the wind and the weather is just right, you will never plant anything and never harvest anything.’ – Ecclesiastes
Hello:
Although I had it in mind to discuss a very sensitive but interesting trading topic today, I’d rather give you a summary of all the trading signals generated based on my market analyses. I’ve decided to be giving you the summary of the swing cum position trading orders taken by me at the end of each month. Below is the summary of the signals taken in September, plus profits and losses.
1. Instrument: EURAUD
Order: Buy Limit
Entry date: September 1, 2010
Entry price: 1.4090
Initial stop: 1.3840
Current stop: N/A
Exit price: 1.3840
Exit date: September 8, 2010
Status: Closed
Profit/loss: -250 pips
Percentage growth: -2.29%
2. Instrument: NZDUSD
Order: Buy Limit
Entry date: September 1, 2010
Entry price: 0.6940
Initial stop: 0.6790
Current stop: N/A
Exit price: N/A
Exit date: N/A
Status: Cancelled
Profit/loss: N/A
Percentage growth: N/A
3. Instrument: EURNZD
Order: Buy Limit
Entry date: September 2, 2010
Entry price: 0.7840
Initial stop: 0.7690
Current stop: N/A
Exit price: 0.7840
Exit date: September 6, 2010
Status: Closed
Profit/loss: 0 (breakeven)
Percentage growth: N/A
4. Instrument: AUDJPY
Order: Sell Limit
Entry date: September 6, 2010
Entry price: 78.15
Initial stop: 79.65
Current stop: N/A
Exit price: 79.65
Exit date: September 15, 2010
Status: Closed
Profit/loss: -150 pips
Percentage growth: -1.5%
5. Instrument: AUDUSD
Order: Sell Limit
Entry date: September 6, 2010
Entry price: 0.9310
Initial stop: 0.9460
Current stop: N/A
Exit price: 0.9460
Exit date: September 14, 2010
Status: Closed
Profit/loss: -150 pips
Percentage growth: -1.5%
6. Instrument: EURAUD
Order: Buy Limit
Entry date: September 9, 2010
Entry price: 1.3800
Initial stop: 1.3650
Current stop: 1.3871
Exit price: 1.3871
Exit date: September 17, 2010
Status: Closed
Profit/loss: 68 pips
Percentage growth: 0.68%
7. Instrument: EURCAD
Order: Buy Limit
Entry date: September 9, 2010
Entry price: 1.3100
Initial stop: 1.2950
Current stop: 1.3593
Exit price: N/A
Exit date: N/A
Status: Open
Profit/loss: 941 pips
Percentage growth: 9.4%
8. Instrument: NZDUSD
Order: Sell Limit
Entry date: September 22, 2010
Entry price: 0.7400
Initial stop: 0.7550
Current stop: N/A
Exit price: 0.7400
Exit date: September 22, 2010
Status: Closed
Profit/loss: 0 pips (breakeven)
Percentage growth: 0%
9. Instrument: EURNZD
Order: Buy Limit
Entry date: September 13, 2010
Entry price: 1.7400
Initial stop: 1.7250
Current stop: N/A
Exit price: N/A
Exit date: N/A
Status: Cancelled
Profit/loss: N/A
Percentage growth: N/A
10. Instrument: AUDJPY
Order: Sell Limit
Entry date: September 15, 2010
Entry price: 81.00
Initial stop: 82.50
Current stop: N/A
Exit price: N/A
Exit date: N/A
Status: Open
Profit/loss: 40 pips
Percentage growth: 0.4%
11. Instrument: AUDUSD
Order: Sell Limit
Entry date: September 17, 2010
Entry price: 0.9500
Initial stop: 0.9650
Current stop: N/A
Exit price: 0.9650
Exit date: September 28, 2010
Status: Closed
Profit/loss: -150 pips
Percentage growth: -1.5%
12. Instrument: EURNZD
Order: Sell Limit
Entry date: September 27, 2010
Entry price: 1.8500
Initial stop: 1.8650
Current stop: N/A
Exit price: 1.8567
Exit date: October 1, 2010
Status: Closed
Profit/loss: -54
Percentage growth: -0.54%
Conclusion: Please note that the Forex markets are now in a strong trending mode. The most valuable trading skill is the ability to survive losing streaks and recover losses. For all swing and position trading strategies, the only means of survival is to keep your risk low and gain more in winning streaks than you give away during losing streaks. The month of September wasn’t very much favorable, but I was able to recover all my losses simply by allowing my few profits to run (while cutting my losses short). This is one lesson that must learned. Seriously, whenever this system is winning, the best thing is to ride the trend for as long as I’m not stopped out. This system shows results in months. There are strategies that show results in weeks and the long-term trading rules mayn’t apply to them.
Please watch out for a sensitive but interesting trading topic next Friday!
I conclude with the quote below:
‘As a trader myself, I have tried various forms of charting and found each to have its own unique characteristics which can be both a blessing or curse if not used in conjunction with solid planning, discipline and risk management practices.’ – Sam Evans
Thank you.
With best regards,
Azeez Mustapha
Forex Signals Strategist, Funds Manager &Coach
And my past articles are also available at: www.ituglobalforex.blogspot.com
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