I have been asked what would the results have been had I just played out the set and forget strategy as opposed to closing early on some trades this week. As you know, our pip count this week is 334, being £1,002 on £20,000 capital, or 5% for the week. We are on target to achieve our 10% a month minimum.
Had I left trades to run their course, the position would be as follows (at current prices):
Monday
EURUSD 130
GBPUSD 30
AUDUSD 30
NZDUSD 30
USDCHF 30
Wednesday
GBPCHF 30
Thursday
USDJPY 0
USDCHF 45
USDCAD 130
TOTAL 455
In the main this has been caused by the USDCAD carrying on this morning to hit first and second target as a result of the CAD employment report at 12 today.
But it does show that my system as a set and forget strategy worked well this week. So those of you with busy lives could have set the trades at the designated times and left them. You would have done better than me!!
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If you wish to join me at Team Rainbow and join my online conference room just visit www.rainbowtraders.co.uk and follow the instructions. Any problems just email me at SJGrinter@aol.com and I'll sort it.
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RESULTS - FEBRUARY 2008
839 PIPS PROFIT (£6,073)
RESULTS - JANUARY 2008
870 PIPS PROFIT (£7,300)
Total return of based on a £20,000 capital account and risk of 1.5% per trade.
Total return of based on a £20,000 capital account and risk of 1.5% per trade.
About Me
- S3
- My name is Simon Grinter. I have been searching for the holy grail - a consistent second income from trading the forex markets. After many years of development, I now solely operate two morning systems, which achieve in excess of a 10% return per month. I teach my methods at seminars held periodically in London. They are fully guaranteed.
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