Performance Update +550 PIPS

Filed under:Performance — posted by OzFx on February 23, 2008 @ 4:57 pm

Hello Friends,

What a great week we had. We banked a total of +550 pips. Two of our previous trades from week before reached +300 each and two from this week reached +100 and few +50. Here is the summary of the trades:

1. EUR/CAD—Closed ( from week before) — +300
2. EUR/USD—Open ( from week before) —–Locked +200 Currently at +270
3. CAD/JPY— Open ——————— —-Locked +100 Currently at +42
4. GBP/USD—Closed ———————— +100
5. USD/JPY—Open ————————–Locked +50 Currently at +23
6. EUR/GBP— Open————————-Locked +50 Currently at +44
7. EUR/AUD—Closed ———————– +50
8. CHF/JPY— Open————————- Currently at -38

Total for the month: +1070. So far we have 32/37 successful trades :)

Please note that we are trading on daily charts and there are times when we see pullbacks in prices before it goes in our favor. Most of the time 100 pip Stop Loss works fine but in some cases it won’t work and thats why we came up with ASL. Read ASL to learn how to put smarter SL.

I also want to let you know that I’ll away for next three days on business/holiday trip and won’t be able to send email alerts. I would still manage my open positions and would report profit/loss when I come back. Perhaps it is good time for everyone to practice on their own :)

Have a great weekend
Oz



image: detail of installation by Bronwyn Lace