Forex Morning Trade

August 2012

admin — Thu, 23 Aug 2012 05:54:53 +0000

I haven’t traded since June until 23rd August due to bad performance in previous months, during that time I investigated what’s wrong.
I found out that we have to start trading one hour earlier, these big moves on the market happen earlier than usual.

24th August – we are starting trading again!

I’m starting trading on 24th August with the following settings:

Trading time = 05:15 UK time (07:15 Alpari time)
Profit Target = 80 pips
Stop Loss = 80 pips
Break Even = 0 pips
BreakEvenAddPips = 0
UseLongCandleFilter = true

July 2012

admin — Thu, 23 Aug 2012 05:49:30 +0000

No trading in July 2012

June 2012

admin — Wed, 06 Jun 2012 20:15:25 +0000

Important! Change of trading settings
From February I’m starting to use the following settings:

Trading time = 06:15 UK time (08:15 Alpari time)
Profit Target = 80 pips
Stop Loss = 80 pips
Break Even = 0 pips
BreakEvenAddPips = 0
UseLongCandleFilter = true

Forex Morning Trade

Live account (Alpari UK)

1st June – NO TRADE

Weekly summary
0 profit and loss
the week ended with 0 pips profit.

4th June – NO TRADE

5th June – NO TRADE

6th June – NO TRADE

7th June – NO TRADE

8th June – SHORT
Entry: 1.54841
SL: 1.55641
P/L: -80 pips

Weekly summary
1 loss
the week ended with -80 pips loss.

11th June – NO TRADE
Momentum >100.8

12th June – NO TRADE

13th June – NO TRADE

14th June – SHORT
Entry: 1.55241
SL: 1.56141
P/L: -90 pips

15th June – NO TRADE

Weekly summary
1 loss
the week ended with -90 pips loss.

18th June – LONG
Entry: 1.57060
SL: 1.56226
P/L: -83.4 pips

19th June – NO TRADE

20th June – LONG
Entry: 1.57310
SL: 1.56507
P/L: -80.3 pips

21th June – SHORT
Entry: 1.56765
SL: 1.55953
P/L: +81.2 pips

22th June – NO TRADE

Weekly summary
2 losses, 1 profit
the week ended with -82.5 pips loss.

May 2012

admin — Fri, 11 May 2012 16:10:19 +0000

Important! Change of trading settings
From February I’m starting to use the following settings:

Trading time = 06:15 UK time (08:15 Alpari time)
Profit Target = 80 pips
Stop Loss = 80 pips
Break Even = 0 pips
BreakEvenAddPips = 0
UseLongCandleFilter = true

Forex Morning Trade

Live account (Alpari UK)

1st May – NO TRADE
due to open trade from previous days

2nd May – LONG
Entry: 1.62341
SL: 1.51541
P/L: -80 pips

3rd May – NO TRADE
due to open trade from previous days

4th May – NO TRADE
due to open trade from previous days

Weekly summary
1 loss
the week ended with -80 pips loss.

7th May – SHORT
Entry: 1.61172
SL: 1.51972
P/L: -80 pips

8th May – NO TRADE

9th May – NO TRADE

10th May – NO TRADE
due to LongCandleFilter

11th May – SHORT
Entry: 1.61219
SL: 1.60418
P/L: +81.9 pips

Weekly summary
1 profit, 1 loss
the week ended with +1.9 pips profit.

14th May – NO TRADE
due to open trade from previous days

15th May – NO TRADE
due to open trade from previous days

16th May – SHORT
Entry: 1.59689
SL: 1.58889
P/L: +80 pips

17th May – NO TRADE
due to open trade from previous days

18th May – SHORT
Entry: 1.57407
SL: 1.58207
P/L: -80 pips

Weekly summary
1 profit, 1 loss
the week ended with 0 pips profit.

21th May – LONG
Entry: 1.58268
SL: 1.57466
P/L: -80.2 pips

22th May – NO TRADE
due to open trade from previous days

23th May – SHORT
Entry: 1.57546
SL: 1.56746
P/L: +80 pips

24th May – NO TRADE
due to open trade from previous days

25th May – SHORT
Entry: 1.56517
SL: 1.55717
P/L: +80 pips

Weekly summary
2 profits, 1 loss
the week ended with +79.8 pips profit.

28th May – NO TRADE
due to open trade from previous days

29th May – NO TRADE
due to open trade from previous days

30th May – NO TRADE
due to open trade from previous days

31st May – SHORT
Entry: 1.54721
SL: 1.53911
P/L: +81 pips

Comment on May
The month finished with profit +82.7 pips

April 2012

admin — Tue, 03 Apr 2012 21:20:48 +0000

Important! Change of trading settings
From February I’m starting to use the following settings:

Trading time = 06:15 UK time (08:15 Alpari time)
Profit Target = 80 pips
Stop Loss = 80 pips
Break Even = 0 pips
BreakEvenAddPips = 0
UseLongCandleFilter = true

Forex Morning Trade

Live account (Alpari UK)

2nd April – SHORT
Entry: 1.59846
SL: 1.59044
P/L: +80.2 pips

3rd April – NO TRADE
due to open trade from previous days

4th April – SHORT
Entry: 1.58897
SL: 1.58097
P/L: +80 pips

5th April – NO TRADE
due to open trade from previous days

6th April – LONG
Entry: 1.58630
SL: 1.59432
P/L: +80.2 pips

Weekly summary
3 profits
the week ended with 240.4 pips profit.

9th April – NO TRADE
due to open trade from previous days

10th April – NO TRADE
due to open trade from previous days

11th April – NO TRADE
due to open trade from previous days

12th April – NO TRADE
due to open trade from previous days

13th April – SHORT
Entry: 1.59405
SL: 1.58605
P/L: +80 pips

Weekly summary
1 profit
the week ended with 80 pips profit.

16th April – SHORT
Entry: 1.58256
SL: 1.59082
P/L: -82.6 pips

17th April – NO TRADE

18th April – SHORT
Entry: 1.59253
SL: 1.60090
P/L: -83.7 pips

19th April – LONG
Entry: 1.60291
SL: 1.61092
P/L: 80.1 pips

20th April – NO TRADE
due to open trade from previous days

Weekly summary
1 profit, 2 losses
the week ended with -86.3 pips loss.

23th April – SHORT
Entry: 1.61171
SL: 1.61973
P/L: -80.2 pips

24th April – NO TRADE
due to open trade from previous days

25th April – NO TRADE
due to open trade from previous days

26th April – NO TRADE
due to open trade from previous days

27th April – SHORT
Entry: 1.61743
SL: 1.62563
P/L: -82 pips

Weekly summary
2 losses
the week ended with -162.2 pips loss.

30th April – LONG
Entry: 1.62833
SL: 1.62032
P/L: -80.1 pips

Comment on April
The month finished with loss -8.2 pips

March 2012

admin — Mon, 05 Mar 2012 09:34:20 +0000

Important! Change of trading settings
From February I’m starting to use the following settings:

Trading time = 06:15 UK time (07:15 Alpari time)
Profit Target = 80 pips
Stop Loss = 80 pips
Break Even = 0 pips
BreakEvenAddPips = 0
UseLongCandleFilter = true

Forex Morning Trade

Live account (Alpari UK)

1st March – NO TRADE
due to open trade from previous days

2nd March – NO TRADE
due to open trade from previous days

Weekly summary
No trades
the week ended with 0 pips profit.

5th March – SHORT
Entry: 1.58187
SL: 1.57387
P/L: +80 pips

6th March – NO TRADE
due to open trade from previous day

7th March – NO TRADE

8th March – LONG
Entry: 1.57636
SL: 1.56825
P/L: -81.1 pips

9th March – NO TRADE
due to open trade from previous day

Weekly summary
1 profit, 1 loss
the week ended with 1.1 pips loss.

12th March – SHORT
Entry: 1.56646
SL: 1.57452
P/L: -80.6 pips

13th March – NO TRADE
due to open trade from previous day

14th March – SHORT
Entry: 1.56511
SL: 1.57328
P/L: -81.7 pips

15th March – SHORT
Entry: 1.56519
SL: 1.57319
P/L: -80 pips

16th March – LONG
Entry: 1.57143
SL: 1.57949
P/L: +80.6 pips

Weekly summary
1 profit, 3 losses
the week ended with -161.7 pips loss.

19th March – LONG
Entry: 1.58383
SL: 1.59183
P/L: +80 pips

20th March – NO TRADE
due to open trade from previous day

21th March – NO TRADE
due to open trade from previous day

22th March – LONG
Entry: 1.58692
SL: 1.57831
P/L: -86.1 pips

23th March – NO TRADE

Weekly summary
1 profit, 1 loss
the week ended with -6.1 pips loss.

26th March – NO TRADE

27th March – LONG
Entry: 1.59654
SL: 1.58823
P/L: -83.1 pips

28th March – NO TRADE
due to open trade from previous day

29th March – LONG
Entry: 1.59108
SL: 1.59910
P/L: +80.2 pips

30th March – NO TRADE
due to open trade from previous day

Weekly summary
1 profit, 1 loss
the week ended with -2.9 pips loss.

Comment on March
The month finished with loss 169.6 pips

February 2012

admin — Thu, 02 Feb 2012 08:11:25 +0000

Important! Change of trading settings
From February I’m starting to use the following settings:

Trading time = 06:15 UK time (07:15 Alpari time)
Profit Target = 80 pips
Stop Loss = 80 pips
Break Even = 0 pips
BreakEvenAddPips = 0
UseLongCandleFilter = true

I believe that settings with bigger SL/PT will give the system some advantage in these volatile markets.

Forex Morning Trade

Live account (Alpari UK)

1st February – NO TRADE

2nd February – SHORT
Entry: 1.58431
SL: 1.58260
P/L: +17.1 pips
I manually stopped the trade, otherwise it would last untill next day
and a new trade couldn’t be opened

3rd February – LONG
Entry: 1.58258
SL: 1.57400
P/L: -85.8 pips

Weekly summary
1 profit, 1 loss
the week ended with -68.7 pips loss.

6th February – NO TRADE

7th February – NO TRADE

8thFebruary – LONG
Entry: 1.59092
SL: 1.58272
P/L: -82 pips

9th February – NO TRADE

10th February – SHORT
Entry: 1.57932
SL: 1.57130
P/L: +80.2 pips

Weekly summary
1 profit, 1 loss
the week ended with -1.8 pips loss.

13th February – NO TRADE
due to open trade from previous days

14th February – SHORT
Entry: 1.57044
SL: 1.57873
P/L: -82.9 pips

15th February – NO TRADE
due to open trade from previous days

16th February – NO TRADE
due to open trade from previous days

17th February – LONG
Entry: 1.58082
SL: 1.57205
P/L: -87.7 pips

Weekly summary
2 losses
the week ended with -170.6 pips loss.

20th February – NO TRADE
due to open trade from previous days

21st February – NO TRADE
due to open trade from previous days

22nd February – NO TRADE
due to open trade from previous days

23th February – LONG
Entry: 1.56780
SL: 1.57580
P/L: +80 pips

24th February – NO TRADE
due to open trade from previous days

Weekly summary
1 profit
the week ended with +80 pips profit.

27th February – NO TRADE

28th February – NO TRADE

29th February – LONG
Entry: 1.59275
SL: 1.58475
P/L: -80 pips

Comment on February
The month finished with loss 241.1 pips

January 2012

admin — Fri, 20 Jan 2012 08:05:10 +0000

In 2012 I’m starting trading on Monday 16th January, I’m using the these settings:

Trading time = 06:30 UK time (07:30 Alpari time)
Profit Target = 35 pips
Stop Loss = 35 pips
Break Even = 25 pips
BreakEvenAddPips = 5
UseLongCandleFilter = true

Forex Morning Trade

Live account (Alpari UK)

16th January – LONG
Entry: 1.54325
SL: 1.52851
P/L: -35.5 pips

17th January – LONG
Entry: 1.53699
SL: 1.53749
P/L: +5 pips

18th January – SHORT
Entry: 1.53381
SL: 1.53748
P/L: -36.7 pips

19th January – LONG
Entry: 1.54325
SL: 1.54375
P/L: +5 pips

Weekly summary
2 losses, 2 BE
the week ended with -62.2 pips loss.

23st January – LONG
Entry: 1.55501
SL: 1.55551
P/L: +5 pips

24th January – SHORT
Entry: 1.55585
SL: 1.55947
P/L: -36.2 pips

25th January – NO TRADE

26th January – LONG
Entry: 1.56630
SL: 1.56980
P/L: +35 pips

27th January – SHORT
Entry: 1.56710
SL: 1.57060
P/L: -35 pips

1 profit, 2 losses, 1 BE
the week ended with -31.2 pips loss.

30th January – NO TRADE

31st January – LONG
Entry: 1.57398
SL: 1.57748
P/L: +35 pips

Comment on January
Not really good performance, the month finished with loss -58 pips. I’m going to change the EA settings from next month.

December 2011

admin — Tue, 06 Dec 2011 12:16:37 +0000

I’m continuing to trade FMT with these settings:

Trading time = 06:30 UK time (07:30 Alpari time)
Profit Target = 35 pips
Stop Loss = 35 pips
Break Even = 25 pips
BreakEvenAddPips = 5
UseLongCandleFilter = true

Important! I’ll trade FMT only until mid of December, then I’ll take a break until new year.

Forex Morning Trade

Live account (Alpari UK)

1st December – SHORT
Entry: 1.56908
PT: 1.56557
P/L: +35.1 pips

2nd November – SHORT
Entry: 1.56786
PT: 1.57150
P/L: -36.4 pips

Weekly summary
1 profit, 1 loss
the week ended with -1.3 pips loss.

5th December – NO TRADE

6th December – SHORT
Entry: 1.56271
PT: 1.56271
P/L: 0 pip

7th December – NO TRADE

8th December – NO TRADE

9th December – SHORT
Entry: 1.56148
PT: 1.56148
P/L: 0 pip

Weekly summary
2 BE
the week ended with 0 pips loss.

12th December – NO TRADE

13th December – LONG
Entry: 1.56088
PT: 1.55735
P/L: -35.3 pips

14th December – SHORT
Entry: 1.54818
PT: 1.55168
P/L: -35 pips

15th December – SHORT
Entry: 1.54458
PT: 1.54814
P/L: -35.6 pips

16th December – LONG
Entry: 1.55273
PT: 1.55273
P/L: 0 pips

Weekly summary
3 losses, 1 BE
the week ended with -105.9 pips loss.

Comment on December
The month finished with loss -107.2 pips. The market in December is quite unpredictable as we know, so I’m taking a break with trading untill the end of December. I’ll start trade FMT since the new year as usually.

November 2011

admin — Tue, 01 Nov 2011 10:07:24 +0000

Important! Change in trading settings!
This month I’m changing the Forex Morning Trade settings. The new recommended setting are:

Trading time = 06:30 UK time (07:30 Alpari time)
Profit Target = 35 pips
Stop Loss = 35 pips
Break Even = 25 pips
BreakEvenAddPips = 5
UseLongCandleFilter = true

The reason for this step is unsatisfactory results using the previous settings, I really didn’t like the negative SL:PT ratio. The new settings are return to the standard 1:1 ratio and I believe they’ll give the best results in the long term future.

There’s one more change, I switched FMT trading from PFG Best to Alpari UK, but that doesn’t mean I don’t like PFG.
I’m simply making some reorganization of my trading accounts. If you use PFG there’s no reason to switch.

Forex Morning Trade

Live account (Alpari UK)

1st November – SHORT
Entry: 1.6052
PT: 1.6017
P/L: +35 pips

2nd November – LONG
Entry: 1.59949
PT: 1.60499
P/L: +35 pips

3rd November – SHORT
Entry: 1.5894
PT: 1.5949
P/L: -35 pips

4th November – LONG
Entry: 1.60247
PT: 1.59896
P/L: -35.1 pips

Weekly summary
2 profits, 2 losses
the week ended with -0.1 pip loss.

7th November – NO TRADE

8th November – SHORT
Entry: 1.60367
PT: 1.60719
P/L: -35.2 pips

9th November – NO TRADE

10th November – LONG
Entry: 1.59321
PT: 1.58955
P/L: -36.6 pips

11th November – NO TRADE

Weekly summary
2 losses
the week ended with -71.8 pip loss.

14th November – NO TRADE

15th November – SHORT
Entry: 1.58778
PT: 1.59129
P/L: -35.1 pips

16th November – SHORT
Entry: 1.57661
PT: 1.58018
P/L: -35.7 pips

17th November – NO TRADE

18th November – NO TRADE

Weekly summary
2 losses
the week ended with -70.8 pip loss.

21st November – SHORT
Entry: 1.57424
PT: 1.57071
P/L: +35.3 pips

22th November – NO TRADE

23rd November – SHORT
Entry: 1.56156
PT: 1.55788
P/L: +36.8 pips

24th November – SHORT
Entry: 1.55493
PT: 1.55134
P/L: -35.9 pips

25th November – SHORT
Entry: 1.54568
PT: 1.54568
P/L: 0 pips

Weekly summary
2 profits, 1 loss, 1 BE
the week ended with +36.2 pips profit.

28th November – NO TRADE
LongCandleFilter

29th November – NO TRADE

30th November – SHORT
Entry: 1.55787
PT: 1.55435
P/L: 35.2 pips

November result
-72.3 pips