Mine is similar but I traded one on 12th October (my signal said short/strongest) and a +120 and fortunately your trade on the 26th didnt trigger for me ( I may have been late to it) so I am+165pips different - but still not a good result. Contrast that with 1 minute trader (see my report) where I am +800 pips for the month and could have been +910 pips if I had not reduced risk (my perception) by altering stops and not cancelled or closed trades at a weekend.

I think a combination of US political uncertainty (is Quantitative Easing (QEII) in the USA going to happen again and if so how much?) and Asian worries about the US and Japan are leading to a breakdown of the thesis that Europe and US follow the Asian markets trend the night before with a 7hour gap where not much happens until 08.00. Hence LFO has stopped working as well as it did.

After next week (Start and size of QEII expected to be announced on Wednesday, non-farm payrolls on Friday) it may change again.

Thanks for the update - appreciate it - 1 Minute lookign good this month for us to - Just waiting to do results - Will be with you soon.

Good weekend.

With no trading in December for us it means LFO has finished 2010 in negative territory, rather disappointing after being up almost 50% in May.

Below are our trades for the month of November:

MAIN SYSTEM (We trade the Conservative strategy)

3-Nov-10 Long 120
12-Nov-10 Short -20
15-Nov-10 Short -20
19-Nov-10 Long -120
22-Nov-10 Short -120
24-Nov-10 Short -20

Profit/Loss = -180 pips

With an average stop loss of 120 (3 lots x 40 pips) and 3% risk per trade, November P&L = -4.5%

"ADVANCED" (FALSE BREAKOUT) SYSTEM

18-Nov-10 Short -45

Profit/Loss = -45 pips

With an average stop loss of 45 pips and 3% risk per trade, October P&L = -3%

Our Consolidated Monthly Performance table has been undated here.

As always, any others with experience of this system, your input is welcomed. You are also free to join in our Live trading room where we and other members openly discuss and trade London Forex Open every morning - here.


Do remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.