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Friday, October 1, 2010

Monthly Trading Signals Summary (September 2010)

‘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

Get my Forex trading signals at: http://www.fxinstructor.com/en/analytics/ituglobal

Nice trading tips are available at: www.ituglobalforex.com

And my past articles are also available at: www.ituglobalforex.blogspot.com

Yahoo! Messenger ID: saazalmu

NB: There is risk of loss in trading, but it is possible to be a successful trader.


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