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Journal - London Forex Open (NO LONGER UPDATED)

This thread will a journal of our London Forex Open trades. We have included our

  1. Journal - London Forex Open (NO LONGER UPDATED) #1
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    Default Journal - London Forex Open (NO LONGER UPDATED)

    This thread will a journal of our London Forex Open trades.

    We have included our results from 2009 (November & December) and will continue to post throughout 2010.

    MAIN SYSTEM

    02-Nov Short +60
    04-Nov Long +120
    09-Nov Long +60
    13-Nov Long +60
    23-Nov Long +120
    25-Nov Long -20

    November Profit = +400

    01-Dec Long +120
    07-Dec Short +120
    18-Dec Long -20

    December Profit = +220

    With an average stop loss of 120 (3 lots x 40 pips) and 3% risk per trade, November profit = circa 10%, December = circa 5%.

    "ADVANCED" (FALSE BREAKOUT) SYSTEM

    Using the "advanced" (false breakout) system we had 3 trades in November (-90 pips) and 3 trades in December (+30 pips). This is a net loss of -60 pips, so about -4% based on 3% risk per trade and a Stop loss of 45.

    As always, any others with experience of this system, your input is welcomed.


    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.

    ReviewTeam - www.systemsfortraders.com
    Last edited by Reviewteam; 03-15-2011 at 10:43 AM.

  2. Journal - London Forex Open (NO LONGER UPDATED) #2
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    Default London Forex Open Journal - January

    Below are our trades for the month of January.

    MAIN SYSTEM (We trade the conservative strategy)

    05-Jan Short -20
    08-Jan Long +60
    11-Jan Long +60
    14-Jan Short -120
    18-Jan Long +60

    Profit/Loss = +40

    With an average stop loss of 120 (3 lots x 40 pips) and 3% risk per trade, January P&L = 1%

    "ADVANCED" (FALSE BREAKOUT) SYSTEM

    Using the "advanced" (false breakout) system we have had 9 trades producing a net profit of 80 pips, so about 5% based on 3% risk per trade and a Stop loss of 45.

    As always, any others with experience of this system, your input is welcomed.


    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.

    ReviewTeam - www.systemsfortraders.com

  3. Journal - London Forex Open (NO LONGER UPDATED) #3
    yoshi74 is offline New member
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    Default Using system!

    I am also using this system, just this week and have taken +180 pips on the conservative strategy and 0 on the advanced. I split my trade equally across the 2 different strats. The best performer though is the 125 pips for the false breakout trade, for a 45 pip risk.

    A great first week, hope it can continue this way, especially for a few mins a day and a little bit of Stop moving if/when targets get hit.

  4. Journal - London Forex Open (NO LONGER UPDATED) #4
    badbactim is offline Junior member
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    Default

    hi everyone
    new to this forum and have just purchased this system.
    I have been looking at buying it for a while but reading the posts and true opinions I have taken the plunge. Will report hopefully " my " / our success

  5. Journal - London Forex Open (NO LONGER UPDATED) #5
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    Default London Forex Open Journal - February

    Below are our trades for the month of February.

    MAIN SYSTEM (We trade the conservative strategy)

    01-Feb Long +120
    04-Feb Short +60
    11-Feb Short -20
    12-Feb Long -120
    17-Feb Long -120
    18-Feb Short 60
    22-Feb Long -120
    25-Feb Short 60

    Profit/Loss = -80

    With an average stop loss of 120 (3 lots x 40 pips) and 3% risk per trade, January P&L = -2%

    "ADVANCED" (FALSE BREAKOUT) SYSTEM

    Using the "advanced" (false breakout) system we have had just 1 trade this month producing a net profit of 125 pips, so about 8% based on 3% risk per trade and a Stop loss of 45.

    So, a net profit of about 6% this month.

    As always, any others with experience of this system, your input is welcomed.


    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.

    ReviewTeam - www.systemsfortraders.com

  6. Journal - London Forex Open (NO LONGER UPDATED) #6
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    Default London Forex Open Journal - March 2010

    Below are our trades for the month of March.

    MAIN SYSTEM (We trade the conservative strategy)

    9-Mar-10 -20
    11-Mar-10 +120
    12-Mar-10 +120
    15-Mar-10 +120
    16-Mar-10 +120
    18-Mar-10 -120
    19-Mar-10 +120
    26-Mar-10 -120
    29-Mar-10 +60

    Profit/Loss = +400

    With an average stop loss of 120 (3 lots x 40 pips) and 3% risk per trade, March P&L = +10%

    "ADVANCED" (FALSE BREAKOUT) SYSTEM

    Using the "advanced" (false breakout) system we had 2 trades, on the 25th March and 31st March, both were losers for a net 90 pip loss. Based on 3% risk per trade and a Stop loss of 45 this is a net 6% loss.

    So, a net profit of about 4% this month across both strategies.

    As always, any others with experience of this system, your input is welcomed.


    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.

    ReviewTeam - www.systemsfortraders.com

  7. Journal - London Forex Open (NO LONGER UPDATED) #7
    Lucyhobson is offline New member
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    Default

    I only got 4% trading the conservative strategy in March.

    09/03/10 -20
    11/03/10 120
    12/03/10 120
    16/03/10 120
    18/03/10 -120
    26/03/10 -120
    29/03/10 60

    profit/loss = +160

  8. Journal - London Forex Open (NO LONGER UPDATED) #8
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    Default March 2010 London Forex Open Performance

    Hi Lucy,

    Thanks for posting your results - we were a little intrigued so looked at the 15th and 19th, where we have a difference. Both seem obvious in hindsight.

    We traded off ODL on the 15th and it seems most others use a different broker and we can confirm if were off our Alpari charts for example we would not have traded.

    19th - Not sure here but can only guess you avoided the weak caution trend completely.

    Anyway, thanks once again it's always interesting to get actuals from others and hope you find some time to post this month too.


    ReviewTeam - www.systemsfortraders.com

  9. Journal - London Forex Open (NO LONGER UPDATED) #9
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    Default London Forex Open Journal - April 2010

    Below are our trades for the month of April.

    MAIN SYSTEM (We trade the conservative strategy)

    9-Apr-10 Long +120
    20-Apr-10 Long +120
    23-Apr-10 Long -120
    26-Apr-10 Long -120
    27-Apr-10 Short +120
    28-Apr-10 Short +60
    29-Apr-10 Long +120

    Profit/Loss = +300

    With an average stop loss of 120 (3 lots x 40 pips) and 3% risk per trade, April P&L = +7.5%

    "ADVANCED" (FALSE BREAKOUT) SYSTEM

    Using the "advanced" (false breakout) system we had 3 trades, on the 6th April, the 13th April and the 21st April. There was one loser and two break-even trades so a net loss of 45 pips or 3% based on 3% risk per trade and a Stop loss of 45.

    So, a net profit of around 4.5% this month across both strategies.

    As always, any others with experience of this system, your input is welcomed.


    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.

    ReviewTeam - www.systemsfortraders.com

  10. Journal - London Forex Open (NO LONGER UPDATED) #10
    forexwork is offline New member
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    Default Results

    Hello Reviewteam,

    your results listet here are exactly the same as the one on the official site of London Forex Open Journal.

    How can two people have exactly the same results ? There should be at least some little differences.

    Thanks
    ForexWork

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