Sept 2009

Wins 7

Losses 4

Profit 3.4R

August 2009

Closed Trades: 15

Wins: 9

Losses: 4 (1 loss was stopped by 2 pips at a round number. Obvious error - putting stop at x.99 on a short trade)

Break Evens:2 (I had no business to exit one of these that ultimately went 2:1 only hours after I bailed).

Profit: 4.75R

July 2009

Closed Trades: 8

Open Trades: 0

Wins: 7

Losses: 0

Break Evens:1

Profit: 7.7R

(Two trades went 1:1 and I closed at .2R and BE; 1 trade went 2:1 and I closed at 1.25R)

June 2009

Closed Trades: 22

Wins: 14

Loss: 7 (one moved 1:1 and I let go to -1)

Break Even:1 (moved stop to break even at 1:1 and was stopped out)

Profit: 6.3R

________________________________________________________

May 2009 : Still trading this method. I started posting trades again since May10(ish) 2009. I kind of missed the updating of the thread.

15 trades posted live in May.

11 Wins

2 break even

2 Losses

(Over 700 pips profit)

Profit of 9*Risk

The method has been simplified even further in post 235 on page 16. However it remains unchanged.

I define a trend (direction of 1 moving average)

I define a pull back (osscillator at extreme)

I like s/r (horizontal s/r....I am not a fan of diagonal trend lines).

I wait for trigger (price action like Pin Bars, Outside Bars, breaks of inside bars).

December 2008 - began trading again on 18th December.

12 Possible days:

Risk 1% per trade

8 trades

7 wins

1 Break Even

0 Losses

Result : + 8.8%

The performance of March and April 2008 ( shown below) was promising. The account was growing at over 10% per month and the win rate was ok (around 70% for 'A' trades). However I wanted the approach to be even better. So I spent the last 7 months looking at indicators on the 5minute and 30minute charts in an effort to find "improvements".

This proved to be fruitless. I am now right back to where I was when I first started this thread. That is: simple robust methods work, and attempts to make wholesale improvements just cause the performance to degrade.

So I am taking up this style of trading again....only now I have 7 months of watching the markets (full time) under my belt....something I did not have when started this thread. I have learned to trust support and resistance....trade with the trend....trust breakouts of S/R when the market builds pressure right on the S/R area. When I started this thread (results below) I knew nothing of S/R and was just entering on pull backs. So I have a few more strings to my bow now.

March 2008: 20 closed trades: +652 pips (14 wins, 1 B/E, 5 losses)

18 of these trades were taken in the last two weeks of march 2008.

April 1 to April 17 2008

19 closed trades: (12 wins, 7 losses)

Profit of 4.5 x Risk (9% increase of the equity this month)

May 2008 - commitment to only taking "A Trades" and therefore reducing the number of trades taken

3 closed trades (3 wins, 0 losses) (THEN I STOPPED TRADING THIS METHOD FOR 6+ MONTHS)

Profit 6%

Wins 7

Losses 4

Profit 3.4R

August 2009

Closed Trades: 15

Wins: 9

Losses: 4 (1 loss was stopped by 2 pips at a round number. Obvious error - putting stop at x.99 on a short trade)

Break Evens:2 (I had no business to exit one of these that ultimately went 2:1 only hours after I bailed).

Profit: 4.75R

July 2009

Closed Trades: 8

Open Trades: 0

Wins: 7

Losses: 0

Break Evens:1

Profit: 7.7R

(Two trades went 1:1 and I closed at .2R and BE; 1 trade went 2:1 and I closed at 1.25R)

June 2009

Closed Trades: 22

Wins: 14

Loss: 7 (one moved 1:1 and I let go to -1)

Break Even:1 (moved stop to break even at 1:1 and was stopped out)

Profit: 6.3R

________________________________________________________

May 2009 : Still trading this method. I started posting trades again since May10(ish) 2009. I kind of missed the updating of the thread.

15 trades posted live in May.

11 Wins

2 break even

2 Losses

(Over 700 pips profit)

Profit of 9*Risk

The method has been simplified even further in post 235 on page 16. However it remains unchanged.

I define a trend (direction of 1 moving average)

I define a pull back (osscillator at extreme)

I like s/r (horizontal s/r....I am not a fan of diagonal trend lines).

I wait for trigger (price action like Pin Bars, Outside Bars, breaks of inside bars).

December 2008 - began trading again on 18th December.

12 Possible days:

Risk 1% per trade

8 trades

7 wins

1 Break Even

0 Losses

Result : + 8.8%

The performance of March and April 2008 ( shown below) was promising. The account was growing at over 10% per month and the win rate was ok (around 70% for 'A' trades). However I wanted the approach to be even better. So I spent the last 7 months looking at indicators on the 5minute and 30minute charts in an effort to find "improvements".

This proved to be fruitless. I am now right back to where I was when I first started this thread. That is: simple robust methods work, and attempts to make wholesale improvements just cause the performance to degrade.

So I am taking up this style of trading again....only now I have 7 months of watching the markets (full time) under my belt....something I did not have when started this thread. I have learned to trust support and resistance....trade with the trend....trust breakouts of S/R when the market builds pressure right on the S/R area. When I started this thread (results below) I knew nothing of S/R and was just entering on pull backs. So I have a few more strings to my bow now.

March 2008: 20 closed trades: +652 pips (14 wins, 1 B/E, 5 losses)

18 of these trades were taken in the last two weeks of march 2008.

April 1 to April 17 2008

19 closed trades: (12 wins, 7 losses)

Profit of 4.5 x Risk (9% increase of the equity this month)

May 2008 - commitment to only taking "A Trades" and therefore reducing the number of trades taken

3 closed trades (3 wins, 0 losses) (THEN I STOPPED TRADING THIS METHOD FOR 6+ MONTHS)

Profit 6%