• 7am - no trade
• 11am - 1 trade
• 3pm - 1 trade
• 7pm - no trade
• 11pm - no trade
• 3am - asleep!

Trade 1 - EUR/USD - Sold @ 1.2392 - 11am Bar - Closed @ 1.2352 = +40 pips

Top reversal at the high of the market, sold and hit the profit target @ +40pips on the lower side of the third bar in the picture. As you can see it travelled further, but this was in keeping with my strategy.

Trade 2 - USD/JPY - Sold @ 91.27 - 11am Bar - Closed @ 90.97 = +30 pips

The second bar represents an upthrust into (relatively) new ground, i sold and decided to take 30pips off it before the end of the 4 hours.

As this week and the start of next are all about honing the strategy i have one more small thing to add to it as outlined in the fifth bullet below. The point i am adding is in keeping with todays trading. I took one trade this morning and hit the profit target of 40pips. At 3pm i saw what i thought to be another good trade and decided to take it. It eventually topped out at about +35 but i took 30pips from the trade as it started to level off.

• Trade on 4 hour charts
• +40 profit target per day
• -50 stop loss max or a few pips above/below previous bar
• Good until 4hrs or Profit/Stop is hit
• If a further strong signal appears after hitting profit target, take the trade with a view to making as many pips as possible. If possible, fulfill the above criteria.

• Day = +70
• Week = +70
• Month = +769 pips

• 7am - 1 trade
• 11am - 1 trade
• 3pm - no trade
• 7pm - no trade
• 11pm - no trade
• 3am - asleep!

Trade 13 - GBP/AUD - Bought @ 1.7067 - 7am Bar - Closed @ 1.7107 = +40 pips

Fourth bar represents a test into new ground, profit was made over a 3 hour period on the last bar in the picture.

Trade 14 - GBP/USD - Sold @ 1.4822 - 11am Bar - Closed @ 1.4806 = +16 pips

The second bar represents an upthrust and the profit was made on the third bar. It didn't quite make the +40 profit target and ended up closing out at +16. Naturally it continued going after the 4 hours was up and i think it will hit that +40 target. Nonetheless, a good day and another good week.

• Day = +56 pips
• Week = +165 pips
• Month = +699 pips

Didn't exactly stick to my idea for this week of moving stops and trying to gain bigger profit targets. I've since decided that 40pips will be my target for every trade and i'll be more than happy to take that. My strategy is as follows;

• Trade on 4 hour charts
• +40 profit target
• -50 stop loss max or a few pips above/below previous bar
• Good until 4hrs or Profit/Stop is hit

For the next two weeks i think i'll just stick to my strategy and perhaps hone it further. No major changes will be made for now.

Thanks,

KFT

• 7am - no trade
• 11am - 1 trade
• 3pm - 1 trade
• 7pm - 1 trade
• 11pm - no trade
• 3am - asleep!

Trade 10 - GBP/NZD - Bought @ 2.1107 - 11am Bar - Closed @ 2.1147 = +40 pips

The fourth bar represents a test into relatively new ground and the profit was made at the top point of the fifth bar. This screen shot was taken after it had dropped off a bit.


Trade 11 - AUD/JPY - Sold @ 78.74 - 3pm Bar - Closed @ 78.34 = +40 pips

This trade begun and was over in about 1.5 minutes. I sold after seeing a top reversal and it dropped really quickly, hitting the profit target of +40.


Trade 12 - CAD/CHF - Bought @ 1.0827 - 7pm Bar - Closed @ 1.0832 = +5 pips

Only a few pips, but it all counts, it didn't seem to be doing too much so i just took the profit once it was there. The second bar represents a test but it didn't move as much as it usually does, perhaps it was the time of day.

• Day = +85 pips
• Week = +109 pips
• Month = +643 pips

• 7am - no trade
• 11am - no trade
• 3pm - 1 trade
• 7pm - no trade
• 11pm - no trade
• 3am - asleep!

Only took one trade today, in retrospect i should've left the trade running for a further 4 hours, instead of closing it after the first 4. I think this will be something to consider over the next week. The trade went something like this;

Trade 9 - AUD/CAD - Sold @ 0.8859 - 3pm Bar - Closed @ 0.8862 = -3 pips

The second and third bars represent what i thought to be a top reversal. I sold on the fourth bar and not a lot happened, would've made some profit from the fifth bar if i'd stayed in.

• Day = -3 pips
• Week = +24 pips
• Month = +558 pips

• 7am - no trade
• 11am - 1 trade
• 3pm - 1 trade
• 7pm - no trade
• 11pm - no trade
• 3am - asleep!

Didn't hear my alarm for the 7am trade this morning, a shame because i missed a no demand signal on Eddie. Oh well, there will be plenty more trades!


Trade 7 - JPY/USD - Bought @ 91.36 - 11am Bar - Closed @ 91.56 = +20 pips

This trade was going for 8 hours in total as it didn't do much for the first 4 hour period. The pips were made on the blue bar at the end. It took about 7 hours of the trade before it started moving in the right direction. As soon as it hit +2o pips the trade closed.

Trade 8 - EUR/CHF - Sold @ 1.3952 - 3pm Bar - Closed @ 1.3932 = +20 pips

This second bar represents an upthrust and the pips were made on the third bar. I'm happy with this trade as i made the pips by moving stops as i talked about on Monday. The bar got to around +40 pips at it's highest point so i moved my stop to +20. As you can see the bar would've ended on a loss so moving my stops helped out.

• Day = +40 pips
• Week = +27 pips
• Month = +561 pips