RobinHood Daily Trades

The purpose of this journal is to post my live trades for several of my trading friends to see what I am doing. Nothing shown below should be construed as trading advice. In fact, I suggest that no one emulate any of the trades shown below.

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This is a daily Forex trading method, meaning it gets it's signals from the daily charts and the signals are generated AUTOMATICALLY by 1 indicator. I don't use stops except in extreme cases which means there can be both huge winning and losing trades.

My system opens all trades on the official market Open (6:00 P.M. EST) each day and closes all trades on the official market Close each day. All trades last for 24 hours.

It has been successful overall in the past on every currency pair that I've tested it on, although at this point I only trade the 12 pairs listed below:

EUR/USD
USD/CHF
GBP/JPY
AUD/CAD
GBP/USD
USD/JPY
USD/CAD
EUR/CAD
AUD/USD
EUR/JPY
CHF/JPY
AUD/JPY

The system does not have trades in every pair listed above every day, or even every day for that matter.

I plan to post my trades AND update the results as often as I can.

5/28/11 Trades:

Buy: EURJPY
Sell: USDCAD
Buy: AUDJPY

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Results:

Buy: EURJPY - Long @ 115.690 Exited 115.633 -5.7 pips
Sell: USDCAD - Short @ .97756 Exited .97704 +5.2 pips
Buy: AUDJPY - Long @ 86.637 Exited 86.508 -12.9 pips

Total P/L: -13.6 pips

Isnt this meant to be a rip off system that takes all your money through some EA?

It's not an EA.

It's just an indicator that suggests which markets to enter, on what day, and in which direction.

All trades have to be entered manually.

5/30/11 Trades

Buy: AUDJPY

Results:

Buy: AUDJPY - Long @ 86.566 Exited 86.829 +26.3 pips

Total P/L: +26.3 pips

5/31/11 Trades:

Long: EUR/USD Long @ 1.43959
Short: AUD/CAD Short @ 1.03213
Long: USD/JPY Long @ 81.488
Short: USD/CAD Short @ 0.96833