Researching My Morning & Evening Forex Signal Service - NEW !

[NIL5605]

Hi all
I've tried out a lot of signal providers over the last year, (fx-daytrader, midnightforex, top-forex-signal, pipslayers, fx-swingcapital, truefx, signalator, forexcharlie, grandpa, smartforexsignal, mrgreen, bankflowdata, lstrader, fx-swingtraders ....... to name but a few!) & reviewed some on other forums.

My aim has been to find a service that fitted around my full-time job, eg, 6am-8am & 6pm-8pm, (UK), & whilst I've had successes & failures with the services I've looked into, nothing has really worked in terms of my schedule.

So using the ideas I've learned, I've decided to start researching my own system, trading the GBPUSD, EURJPY, EURUSD & GBPJPY, between 6am-8am & 6pm-8pm, (UK), Monday - Thursday. Trading 1 lot, I'm using 25pip SL & 25pip TP on all the trades I enter & using 5 min trading charts

w/b 1st March 2010 was a good start with 200 pips gained across all 4 currency pairs over Monday - Thursday. Details are on the next post.

I will keep you updated daily as to my progress

Here's to successful pipping !

Eleri

 

[NIL5605]

Trading w/b 1st March 2010

Hi all

Here are my trades for the 1st week of March 2010 - apologies in that I did not keep records of the entry levels, only the times of the trades, (lesson learned !).

Reminder : 25 pip SL & TP levels.

1.
GBP/USD : 6am-8am
Mon 1st March 2010 : 6.35am & 25 pip profit gained.
Tue 2nd March 2010 : 6.35am & 25 pip profit gained.
Wed 3rd March 2010 : No trade signal.
Thur 4th March 2010 : 6.20am & 25 pip profit gained.
TOTAL = 75 PIPS

GBP/USD : 6pm-8pm
No evening trade signals triggered during the week.

2.
EUR/USD : 6am-8am
Mon 1st March 2010 : No trade signal.
Tue 2nd March 2010 : No trade signal.
Wed 3rd March 2010 : 6.45am & 25 pip profit gained.
Thur 4th March 2010 : 6.10am & 25 pip profit gained.
TOTAL = 50 PIPS

EUR/USD : 6pm-8pm
No evening trade signals triggered during the week.

3.
EUR/JPY : 6am-8am
Mon 1st March 2010 : 7.25am & 25 pip profit gained.
Tue 2nd March 2010 : 6.15am & 25 pip loss
Wed 3rd March 2010 : 7.30am & 25 pip profit gained.
Thur 4th March 2010 : 6.10am & 25 pip profit gained.
TOTAL = 50 PIPS

EUR/JPY : 6pm-8pm
No evening trade signals triggered during the week.

4.
GBP/JPY : 6am-8am
Mon 1st March 2010 : 6.15am & 6.40am - both a 25 pip loss
Tue 2nd March 2010 : No trade signal.
Wed 3rd March 2010 : 6.05am & 25 pip profit.
Thur 4th March 2010 : 7.55am & 25 pip profit.
TOTAL = 0 PIPS

GBP/JPY : 6pm - 8pm
Tue 2nd March 2010 : 6.20pm & 25 pip profit.
TOTAL = 25 PIPS

WEEK 1 TOTAL = 200 PIPS - 11 trade wins & 3 trade losses

NB :
Out of interest, I've also reviewed all these trades with a 20 pip TP & 30 pip SL. This would have resulted in a 130 pip profit for the week.

Eleri

 

[NIL5605]

Trading : Monday 8th March 2010

Hi all

The trades for Monday 8th March 2010, (with 25 pip SL & TP levels), were as follows :

1.
GBP/USD : 6am-8am
Mon 8th March 2010 : 7.00am
LONG : Entry 1.5166; SL 1.5141; TP 1.5191
25 pip profit gained.

GBP/USD : 6pm-8pm
No evening trade signals triggered today.

2.
EUR/USD : 6am-8am
Mon 8th March 2010 : 6.35am
LONG : Entry 1.3680; SL 1.3655; TP 1.3705
25 pip loss, (trade retraced after gaining approx 22 pips)

EUR/USD : 6pm-8pm
No evening trade signals triggered today.

3.
EUR/JPY : 6am-8am
Mon 8th March 2010 : 7.00am
LONG : Entry 123.68; SL 123.43; TP 123.93
25 pip loss, (trade retraced after gaining approx 21 pips)

EUR/JPY : 6pm-8pm
No evening trade signals triggered today.

4.
GBP/JPY : 6am-8am
Mon 8th March 2010 6.25am
SHORT : Entry 137.02; SL 137.27; TP 136.77
25 pip loss, (trade retraced after gaining approx 22 pips)
7.00am LONG : Entry 137.11; SL 136.86; TP 137.36
25 pip loss, (trade retraced after gaining approx 23 pips)
7.55am SHORT : Entry 137.14; SL 137.39; TP 136.89
25 pip profit gained

GBP/JPY : 6pm-8pm
No even trade signals triggered today

TOTAL = 50 PIPS LOSS TODAY

Not the best start to the week !

NB :
I've reviewed all these trades with an alternate 20 pip TP & 30 pip SL, & interestingly all would have been successful, resulting in 120 pips of profit for the day - 6 successful trades & no losses ! Something to bear in mind maybe ?

Eleri

 

[NIL5605]

Trading : Tuesday 9th March 2010

Hi all

Trading for Tuesday 9th March 2010, (with 25 pip SL & TP levels), was as follows :

1.
GBP/USD : 6am-8am
Tue 9th March 2010 : 8.00am
LONG : Entry 1.5005; SL 1.4980; TP 1.5030
25 pip loss, (trade retraced after gaining approx 22 pips)

GBP/USD : 6pm-8pm
Tue 9th March 2010 : 6.10pm
LONG : Entry 1.5009; SL 1.4984; TP 1.5034
25 pip loss

2.
EUR/USD : 6am-8am
Tue 9th March 2010 : 7.40am
LONG : Entry 1.3616; SL 1.3591; TP 1.3641
25 pip loss

EUR/USD : 6pm-8pm
No evening trade signals triggered today.

3.
EUR/JPY : 6am-8am
Tue 9th March 2010 : 6.40am
SHORT : Entry 122.42; SL 122.67; TP 122.17
25 pip loss, (trade retraced after gaining approx 22 pips)

EUR/JPY : 6pm-8pm
No evening trade signals triggered today.

4.
GBP/JPY : 6am-8am
Tue 9th March 2010 6.40am
SHORT : Entry 135.01; SL 135.26; TP 134.76
(This trade could have gained up to 40 pips before retracing at 7.05am)
25 pip profit gained.
8.00am LONG : Entry 135.01; SL 134.76; TP 135.26
25 pip profit gained.
(This trade could have gained up to 30 pips before retracing).

GBP/JPY : 6pm-8pm
No even trade signals triggered today

TOTAL = ANOTHER 50 PIPS LOSS TODAY
TOTAL SO FAR THIS WEEK = 100 PIP LOSS

NB :
I've reviewed all of these trades with an alternate 20 pip TP & 30 pip SL, & 4 out of the 6 trades would have been successful, with an overall 20 pips of profit for the day & a total so far for the week of 140 pips.

Eleri

 

[NIL5605]

Trading : Wednesday 10th March 2010

Hi all

Trades for Wednesday 10th March 2010, (with 25 pip SL & TP levels), were as follows :

1.
GBP/USD : 6am-8am
Wed 10th March 2010 : 6.30am
SHORT : Entry 1.4968; SL 1.4993; TP 1.4943
25 pip profit gained.
(This trade could have gained up to 80 pips by 8am this morning !)

GBP/USD : 6pm-8pm
No evening trade signals triggered today.

2.
EUR/USD : 6am-8am
No morning trade signals triggered today.

EUR/USD : 6pm-8pm
No evening trade signals triggered today.

3.
EUR/JPY
No morning trade signals triggered today.

EUR/JPY : 6pm-8pm
No evening trade signals triggered today.

4.
GBP/JPY : 6am-8am
Wed 10th March 2010 : 7.00am
SHORT : Entry 1.3456; SL 1.3481; TP 1.3431
25 pip profit gained.
(This trade could have gained up to 60 pips by 8am this morning !)

GBP/JPY : 6pm-8pm
No evening trade signals triggered today.

TOTAL SO FAR TODAY = 50 PIPS PROFIT
TOTAL SO FAR THIS WEEK = 50 PIPS LOSS
RUNNING TOTAL SINCE 1ST MARCH = 150 PIP PROFIT FOR THE MONTH

NB :
I've reviewed these two trades with an alternate 20 pip TP & 30 pip SL, & obviously both would have been successful, with an overall 40 pips of profit for the day. Therefore bringing the total so far for the week to 180 pips, & a running profit for the month of March of 310 pips. Interesting !

Eleri

 

[NIL5605]

Trading : Thursday 11th March 2010

Hi all

Trades for Thursday 11th March 2010 (with 25 pip SL & TP levels), were as follows :

1.
GBP/USD : 6am-8am
Thursday 11th March 2010 : 7.30am
LONG : Entry 1.4969; SL 1.4944; TP 1.4994
25 pip profit, (if this trade had been left to run it would have gained a total of 96 pips by 11.05am !)

GBP/USD : 6pm-8pm
No evening trade signals triggered today.

2.
EUR/USD : 6am-8am
Thursday 11th March 2010 : 6.25am
SHORT : Entry 1.3641; SL 1.3666; TP 1.3615
25 pip loss, (trade retraced after gaining approx 21 pips)

EUR/USD : 6pm-8pm
No evening trade signals triggered today.

EUR/JPY : 6am-6pm
Thursday 11th March 2010 : 6.55am
LONG : Entry 1.2334; SL 1.2309; TP 1.2359
25 pip loss, (trade retraced to profit after a 30 pip loss)

EUR/JPY : 6pm-8pm
No evening trade signals triggered today.

4.
GBP/JPY : 6am-8am
Thur 11th March 2010 : 7.30am
SHORT : Entry 1.3510; SL 1.3535; TP 1.3485
25 pip loss

GBP/JPY : 6pm-8pm
No evening trade signals triggered today.

TOTAL TODAY = 50 PIPS LOSS
TOTAL THIS WEEK = 100 PIPS LOSS
RUNNING TOTAL SINCE 1ST MARCH = 100 PIP PROFIT FOR TWO WEEKS

NB :
I've reviewed these trades with an alternate 20 pip TP & 30 pip SL, & 2 out of the 4 morning trades would have been successful, with an overall 20 pips loss for the day. Therefore bringing the total profit for this week to 160 pips, & a running total of 290 pips profit, for the first two weeks of March.

Eleri

 

[NIL5605]

Analysis of 2 weeks trading

Hi all

I've been taking a look at the performance of each of the 4 currencies, since 1st March, so I'm now able to review a full 2 weeks of my system :

Trading using 25pip SL & TP :
GBP/USD = 100 pips profit (6 wins & 2 losses)
EUR/USD = 25 pips loss (2 wins & 3 losses)
EUR/JPY = 25 loss (3 wins & 4 losses)
GBP/JPY = 50 pips profit (7 wins & 5 losses)
TOTAL NUMBER OF TRADES = 32
WINS = 18
LOSSES = 14

SUMMARY :
WEEK 1 - 200 PIPS PROFIT
WEEK 2 - 100 PIPS LOSS

TOTAL of 100 pips over 8 trading days, averaging 50 pips profit per week ...................... week 2 results have really hit the successes here !

Trading using 30pip SL & 20pip TP :
GBP/USD = 110 pips profit (7 wins & 1 loss)
EUR/USD = 50 pips profit (4 wins & 1 loss)
EUR/JPY = 40 pips profit (5 wins & 2 losses)
GBP/JPY = 90 pips profit (9 wins & 3 losses)
TOTAL NUMBER OF TRADES = 32
WINS = 25
LOSSES = 7

SUMMARY :
WEEK 1 - 130 PIPS PROFIT
WEEK 2 - 160 PIPS PROFIT

TOTAL of 290 pips over 8 trading days, averaging just over 35 pips profit per day.

Trading the signals with the 30pip SL & 20pip TP is the more successful at the moment .................. but as I keep saying it's early days !

Eleri

 

[NIL5605]

Trading Fridays

Hi all

Although I don't trade on Friday's, I reviewed the potential signals that could have been taken on Friday 12th March, using both sets of stop losses & trade profits.

6am-8am : 25 pip SL & TP
For each currency pair, 2 trade signals per pair - a profit & a loss. Therefore a breakeven session.

6pm-8pm : 25 pip SL & TP
No evening trade signals triggered today.

6am-8am : 30 pip SL & 20 pip TP
Again for each currency pair, 2 trade signals per pair, & overall 6 profits & 2 losses = 60 pips profit for the session.

6pm-8pm : 30 pip SL & 20 pip TP
No evening trade signals triggered today.

I won't be including these figures in my trial stats, it's just a bit of research out of interest - particularly for the 30 pip SL & 20 pip TP combination.

Eleri

 

[NIL5605]

Trading : Monday 15th March 2010

Hi all

Today's trades, (with 25 pip SL & TP levels), were as follows :

1.
GBP/USD : 6am-8am
Monday 15th March 2010 : 6.10am
SHORT : Entry 1.5156; SL 1.5181; TP 1.5131
25 pip loss, (although the overall trend today was short, with over 100 pips to be enjoyed !)
6.50am LONG : Entry 1.15171; SL 1.5146; TP 1.5196
25 pip profit.

GBP/USD : 6pm-8pm
No evening trade signals triggered today.

2.
EUR/USD : 6am-8am
Monday 15th March 2010 2010 : 6.50am
LONG : Entry 1.3742; SL 1.3717; TP 1.3767
25 pip loss
7.40am SHORT : Entry : 1.3741; SL 1.3766; TP 1.3716
25 pip profit, (the overall trend today was short, with over 100 pips to be enjoyed !)

EUR/USD : 6pm-8pm
No evening trade signals triggered today.

3.
EUR/JPY
No morning trade signals triggered today.

EUR/JPY : 6pm-8pm
No evening trade signals triggered today.

4.
GBP/JPY : 6am-8am
Monday 15th March 2010 : 6.50am
LONG : Entry 1.3753; SL 1.3728; TP 1.3778
25 pip profit, (this trade could have gained up to 42 pips before retracing).

GBP/JPY : 6pm-8pm
No evening trade signals triggered today.

TOTAL TODAY = 25 PIP PROFIT
RUNNING TOTAL SINCE 1ST MARCH = 125 PIP PROFIT FOR 9 DAYS TRADING

NB :
I've reviewed these trades with an alternate 20 pip TP & 30 pip SL. As per the trades above, 3 out of the 5 morning trades would have been successful = breakeven. Therefore the running total remains at 290 pips profit, for the first 9 days trading for March.

Eleri