Daily forex signals - 1 August 2011

Current positions
EURHKD (Short|)
Entry price ; 11.1485
Stoploss; 11.2839
Take profit ; 11.0180
Profit ; -613

EURUSD (Short)
Entry price ; 1.43077
Stoploss ; 1.44857
Take profit ; 1.41352
Profit ; -724

Reversal signals
USDJPY - Buy above 78.117, oss @ 76.650
USDCHF - Buy above 0.80965, stoploss @ 0.78390
CADCHF - Buy above 0.8558, stoploss @ 0.8180
USDZAR - Buy above 6.7760, stoploss @ 6.6120
AUDJPY - Buy above 86.11, stoploss @ 84.15

Profit history as at 1 August 2011

Number of trades ; 124
Profit factor ; 1.65
Profit trade % ; 68.55%
Maximal drawdown ; 22.44%

Trade signal update - 28 July 2011

EURHKD - Sell at current price - Stoploss @ 11.3222
EURUSD - Sell at current price - Stoploss @ 1.45353

Daily forex signals - 28 July 2011

Closed positions
EURUSD - Long : 0.00204
EURHKD - Long ; 0.1135

Current positions
GBPCAD (Long)
Entry price ; 1.5465
Stoploss ; 1.5387
Take profit ; 1.5611
Profit 77

Reversal signals
USDJPY buy above 78.692, stoploss @ 11.840
GBPUSD Sell below 1.62374, stoploss @ 1.64320
USDCHF Buy above 0.82012, stoploss @ 0.80193
CADCHF Buy above 0.8690, stoploss @ 0.8457
USDZAR Buy above 6.8391, stoploss @ 6.6652

Close positions

Closed all long positions on EURUSD and EURHKD

Daily forex signals 27 July 2011

Closed positions
AUDJPY (Buy)
Profit - 0.98

USDZAR (Sell)
Proft - .01886

Current positions
EURHKD (Buy)
Entry price ; 11.1129
Stoploss ; 11.0770
Take profit ; 11.3357
Profit ; 642

EURUSD (Buy)
Entry price ; 1.42723
Stoploss ; 1.42142
Take profit ; 1.45630
Profit ; 741

GBPCAD (Buy)
Entry price ; 1.5465
Stoploss ; 1.5357
Take profit ; 1.5624
Profit 32

Reversal signals
USDJPY ; Buy above 78.692, stoploss at 77.840
GBPUSD; Sell beloe 1.61872, stoploss at 1.64320
USDCHF; Buy above .82375, stoploss at .80193
CADCHF; Buy above .8719, stoploss at .8457

Profit signal

AUDJPY - Take profit above 86.06

Daily Forex signals - 26 July 2011

Current positions

EURHKD (Buy)
Entry price ; 11.1129
Stoploss ; 11.0574
Take profit ; 11.3462
Profit ; 1806

EURUSD (Buy)
Entry price ; 1.42723
Stoploss ; 1.42067
Take profit ; 1.45763
Profit ; 2268

AUDJPY (Buy)
Entry price ; 85.01
Stoploss ; 84.19
Take profit ; 86.18
Profit ; 45

USDZAR (Sell)
Entry price ; 6.8415
Stoploss ; 6.8874
Take profit ; 6.6649
Profit ; 1635

GBPCAD (Buy)
Entry price 1.5465
Stoploss ; 1.5301
Take profit ; 1.5620
Profit ; -14

Reversal signals
USDJPY ; Buy above 78.884, stoploss at 77.840
GBPUSD ; Sell below 1.61270, stoploss at 1.63369
USDCHF ; Buy above 0.82641, stoploss at 0.80193
CADCHF ; Buy above 0.8733, stoploss at 0.8457

Daily Forex signals - 26 July 2011

Current positions:


EURHKD (Buy)
Entry level ; 11.1129
Stoploss ; 11.0563
Take profit ;  11.3498
Profit ; 884

EURUSD (Buy)
Entry level ; 1.42723
Stoploss ; 1.41856
Take profit ; 1.45815
Profit ; 1028

AUDJPY (Buy)
Entry level ; 85.01
Stoploss ; 84.21
Take profit ; 86.20
Profit ; -15

USDZAR (Sell)
Entry level ; 6.8415
Stoploss ; 6.8871
Take profit ; 6.6601
Profit ; 596

GBPCAD (Buy)
Entry level ; 1.5465
Stoploss ; 1.5294
Take profit ; 1.5634
Profit ; -65

Reversal signals
USDJPY Buy above 79.092, Stoploss at 78.225
GBPUSD  Sell below 1.60732, Stoploss at 1.63206

Good luck

I'm back

Hi Guys

I have been out of action for a while.

The reason being that I have decided to take a break while I sort out the mathematics of my trading algorithm. It is amazing how difficult it can be to achieve statistical consistency while developing a strategy that will apply to most trading cycles. While doing this I also had to find a way to reduce my drawdown which became problematic.

Well the good news is that I am back and hopefully with a better formula.

Cheers
Chris Wiggett