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Forex Morning Trade - Journal

This thread will be a journal of our Forex Morning Trade results. The intention is

  1. Forex Morning Trade - Journal #1
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    Default Forex Morning Trade - Journal

    This thread will be a journal of our Forex Morning Trade results.

    The intention is that each month we will post all our results here when all trades have closed out. Each trading session and for more regular day to day discussion we will use our Forex Morning Trade Trading Room.

    Feel free to join us in the Trading room and comment/add to this journal, we welcome all sensible input.

    Also, here is a link to our original Forex Morning Trade Review.
    ReviewTeam - www.systemsfortraders.com

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  2. Forex Morning Trade - Journal #2
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    Default Forex Morning Trade - January 2011 Results

    Our January results are as follows:

    - 18 Trades
    - 5 winners (35 pips each)
    - 6 losers (-40 pips each)
    - 6 Break-even

    This has produced a Net loss of -65 PIPs or -3% based on 40 PIPs and 2% risk per trade. These results are as per our calls in the Live Trading room each morning.

    So, our new addition to Systems We Use gets off to a losing start but it's early days and we remain confident of our addition.

    You can purchase Forex Morning Trade here and you can join us each trading session and for more regular day to day discussion in our Forex Morning Trade Trading Room.
    ReviewTeam - www.systemsfortraders.com

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  3. Forex Morning Trade - Journal #3
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    Default Forex Morning Trade - February 2011 Results

    We have taken 16 trades this month as follows:

    - 11 winners (35 pips each)
    - 3 losers (-40 pips each)
    - 3 Break-even

    This has produced a Net profit of +305 PIPs or +15% based on 40 PIPs and 2% risk per trade. It means we are +12% Year to date based on being -3% from January.

    You can purchase Forex Morning Trade here and you can join us each trading session and for more regular day to day discussion in our Forex Morning Trade Trading Room.
    ReviewTeam - www.systemsfortraders.com

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  4. Forex Morning Trade - Journal #4
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    Default Forex Morning Trade - March 2011 Results

    We have taken 19 trades this month as follows:

    - 11 winners (35 pips each)
    - 4 losers (-40 pips each)
    - 4 Break-even

    This has produced a Net profit of +225 PIPs or +11% based on 40 PIPs and 2% risk per trade. It means we are +23% Year to date.

    You can purchase Forex Morning Trade here and you can join us each trading session and for more regular day to day discussion in our Forex Morning Trade Trading Room.
    ReviewTeam - www.systemsfortraders.com

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  5. Forex Morning Trade - Journal #5
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    Default Forex Morning Trade - April 2011 Results

    We have taken 13 trades this month as follows (New rules traded since 19th April as advised by vendor):

    - 3 winners (35/5 PIPs each)
    - 4 losers (-40/45 PIPs each)
    - 6 Break-even

    This has produced a Net loss of -100 PIPs or -6% based on 40/45 PIPs and 2% risk per trade. It means we are +17% Year to date, an average of just over 4% a month.

    You can purchase Forex Morning Trade here and you can join us each trading session and for more regular day to day discussion in our Forex Morning Trade Trading Room.
    ReviewTeam - www.systemsfortraders.com

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  6. Forex Morning Trade - Journal #6
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    Default Forex Morning Trade - May 2011 Results

    We have taken 16 trades this month as follows:

    - 6/4 winners (35/5 PIPs each)
    - 6 losers (-45 PIPs each)

    This has produced a Net loss of -40 PIPs or -2% based on 45 PIPs and 2% risk per trade. It means we are +15% Year to date, an average of around 3% a month. A little disappointing to have two losing months in a row but nonetheless the draw-down at present is not great.

    You can purchase Forex Morning Trade here and you can join us each trading session and for more regular day to day discussion in our Forex Morning Trade Trading Room.
    ReviewTeam - www.systemsfortraders.com

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  7. Forex Morning Trade - Journal #7
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    Hi I'm new to the site... would you recommend starting with this method, or is there another more profitable strategy?
    Thanks
    Jim

  8. Forex Morning Trade - Journal #8
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    Hi,

    Welcome to SFT - We never recommend any system, strategy or service to anyone - We are not qualified to do so but if we were, to make such a recommendation would mean we would need to know so much about each individual it would be an impossible task for us. We hope the reviews and comments from other members are helpful in helping you come to your own conclusions.
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  9. Forex Morning Trade - Journal #9
    Forexample is offline Established member
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    Quote Originally Posted by jims1949 View Post
    Hi I'm new to the site... would you recommend starting with this method, or is there another more profitable strategy?
    Thanks
    Jim
    The results for June will be posted by the review team soon. I think that you should look at all the results month by month and see whether you consider them good enough to take the plunge. There is a lengthy thread at T2W and many are considering abandoning this now, especially those who started it in April.
    Once June's performance is posted here, you will be able to evaluate 6 months results year to date and see whether this is acceptable to you.
    sarniacherie likes this.

  10. Forex Morning Trade - Journal #10
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    Default Forex Morning Trade - June 2011 Results

    We have taken 17 trades this month as follows:

    - 4/5 winners (35/5 PIPs each)
    - 8 losers (-45 PIPs each)

    This has produced a Net loss of -195 PIPs or around -9% based on 45 PIPs and 2% risk per trade.

    At the half way stage of the year, after 6 months trading, we are in profit for +130 PIPs which equates to just over +5.5%, around 1% a month. Better than your average bank but for the risk and effort we would have expected more after 6 months - The vendor has of course reported better results than this - Our results are based on trading as per the manual and as indicated on our SML charts.

    We do not trade our personal accounts in July and August but we will do our best to record and produce results for these months, in the meantime we wish you an excellent summer.

    You can purchase Forex Morning Trade here and you can join us each trading session and for more regular day to day discussion in our Forex Morning Trade Trading Room.
    ReviewTeam - www.systemsfortraders.com

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