Sorry I couldnt get to my report yesterday so this will have to be a 2 day report. DD back down, profits up, survived the mid week jpy run and still made a profit. Took two -400+ pip losses (eur/chf, gbp/jpy) this week but still ended with +400 pips for the week. Broke even or very small loss on many others. Today I show BE on gbp/cad, nzd/usd, usd/cad, usd/jpy. I colored those so you can study them. So you see you can survive the runs, you can make a profit. The system works and it is good for you guys to see you can survive the runs even when you take some hits. I am changing the MPTM to +30. If price is just going to go back and hit the SL then I am adding 5 extra pips on every trade. Enough of that stuff. I also am setting the EAs to +60 TP and +75TP for the volatile currencies. See how that works. I will post my Monday trades later.
RESULTS
aud/chf +25
aud/jpy +25
cad/chf +25
cad/jpy +25
eur/cad +50
eur/chf +25
eur/gbp +25
eur/usd +25
gbp/aud +25 +25 +25
gbp/cad +44 -26
gbp/chf +25 +42
gbp/jpy +25
gbp/nzd +25 +25
gbp/usd +25
nzd/chf + 25
nzd/usd + 25 -27
usd/cad -77 +45
usd/jpy -25 +25 +47
currency pair and EA for now (you can figure out if it is a buy or sell)STILL IN
aud/cad -114 -3
aud/jpy -74
aud/usd -10
cad/chf -142 -63 +57
cad/jpy -97 -55
eur/chf -105
eur/jpy -71
TOTALS
total for day +576
for the week +483
for the month + 4056
Carry over - 677
I will divide currency pairs into four major groups based on their percentage of times they will move over 300 pips in one week. Here are the 4 groups:
1.VERY VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 75% OF THE TIME.
a. GBP/NZD, EUR/NZD, GBP/AUD, GBP/CAD, GBP/JPY
b. This group if you trade them you will want to use a reentery of 250 pips plus. This will be explained later in the 2.4.2 recovery system.
2.VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 50% OF THE TIME
a.GBP/CHF, CAD/JPY, EUR/CAD, EUR/AUD, USD/CHF, GBP/USD, EUR/JPY
b. This group if you trade them you will want to use a reentery of 200 pips.
3.MEDIUM VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 25% OF THE TIME.
a. NZD/JPY, AUD/CHF, AUD/JPY, USD/JPY, EUR/USD, NZD/CHF, CAD/CHF,
b. This group if you trade them you will want to use a reentry of 150-200 pips.
4. LOW VOLATILITY GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK LESS THAN 25% OF THE TIME.
a. AUD/NZD, NZD/USD, CHF/JPY, AUD/CAD, USD/CAD, NZD/CAD, AUD/USD, EUR/CHF, EUR/GBP
b.This group if you trade them you will want to use a reentry of 150
RESULTS
aud/chf +25
aud/jpy +25
cad/chf +25
cad/jpy +25
eur/cad +50
eur/chf +25
eur/gbp +25
eur/usd +25
gbp/aud +25 +25 +25
gbp/cad +44 -26
gbp/chf +25 +42
gbp/jpy +25
gbp/nzd +25 +25
gbp/usd +25
nzd/chf + 25
nzd/usd + 25 -27
usd/cad -77 +45
usd/jpy -25 +25 +47
currency pair and EA for now (you can figure out if it is a buy or sell)STILL IN
aud/cad -114 -3
aud/jpy -74
aud/usd -10
cad/chf -142 -63 +57
cad/jpy -97 -55
eur/chf -105
eur/jpy -71
TOTALS
total for day +576
for the week +483
for the month + 4056
Carry over - 677
I will divide currency pairs into four major groups based on their percentage of times they will move over 300 pips in one week. Here are the 4 groups:
1.VERY VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 75% OF THE TIME.
a. GBP/NZD, EUR/NZD, GBP/AUD, GBP/CAD, GBP/JPY
b. This group if you trade them you will want to use a reentery of 250 pips plus. This will be explained later in the 2.4.2 recovery system.
2.VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 50% OF THE TIME
a.GBP/CHF, CAD/JPY, EUR/CAD, EUR/AUD, USD/CHF, GBP/USD, EUR/JPY
b. This group if you trade them you will want to use a reentery of 200 pips.
3.MEDIUM VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 25% OF THE TIME.
a. NZD/JPY, AUD/CHF, AUD/JPY, USD/JPY, EUR/USD, NZD/CHF, CAD/CHF,
b. This group if you trade them you will want to use a reentry of 150-200 pips.
4. LOW VOLATILITY GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK LESS THAN 25% OF THE TIME.
a. AUD/NZD, NZD/USD, CHF/JPY, AUD/CAD, USD/CAD, NZD/CAD, AUD/USD, EUR/CHF, EUR/GBP
b.This group if you trade them you will want to use a reentry of 150