Day 16
Hi all
Well, its been a hectic 2 weeks for me with meeting and the sort. This is why I have decided; while giving trading results; to give multi-day trading results in one post. It save time and lets you see all results together.
Thanks for all comments, I hope replies answered your questions. If not, feel free to contact me.
So, these results are for 19/21 July
Monday 19 July
TRADE 1
Placed trade at 17.15 and ended trade at 17.25 with 20 point win
TRADE 2
Placed trade at 17.40 and ended trade at 17.55 with 5 point loss
TRADE 3
Placed trade at 18.00 and ended trade at 18.25 with 20 point win
TRADE 4
Placed trade at 18.45 and ended trade at 19.15 with 20 point win
TRADE 5
Placed trade at 19.35 and ended trade at 19.45 with 20 point win
TRADE 6
Placed trade at 19.55 and ended trade at 20.00 with 10 point loss
TRADE 7
Placed trade at 20,05 and ended trade at 20.25 with 15 point loss
TRADE 8
Placed trade at 20.45 and ended trade at 21.05 with 16 point loss
This gives an overall winning total for the day of 34 points, which at £10 per point, give a total of £340
Tuesday 20 July
TRADE 1
Placed trade at 17.40 and ended trade at 18.00 with 20 point win
TRADE 2
Placed trade at 18.05 and ended trade at 18.20 with 6 point loss
TRADE 3
Placed trade at 18.25 and ended trade at 18.35 with 20 point win
TRADE 4
Placed trade at 18.50 and ended trade at 18.50 with 20 point win
TRADE 5
Placed trade at 19.00 and ended trade at 19.25 with 20 point win
TRADE 6
Placed trade at 19.35 and ended trade at 19.45 with 10 point loss
TRADE 7
Placed trade at 19.50 and ended trade at 20.10 with 10 point loss
TRADE 8
Placed trade at 20.20 and ended trade at 20.30 with 20 point win
So, todays total is a profit of 74 points, which using £10 per point, gives a profit of £740
Wednesday 21 July
TRADE 1
Placed trade at 17.00 and ended trade at 17.10 with 7 point loss
TRADE 2
Placed trade at 17.25 and ended trade at 17.50 with 9 point loss
TRADE 3
Placed trade at 18.00 and ended trade at 18.50 with 20 point win
TRADE 4
Placed trade at 19.00 and ended trade at 19.10 with 60 point win (This trade had a significant downturn and continued to produce even more profit. It would probably have been 100 point profit using judgement and trailing stop loss)
TRADE 5
Placed trade at 19.15 and ended trade at 19.30 with 20 point win
TRADE 6
Placed trade at 19.35 and ended trade at 19.50 with 18 point loss
TRADE 7
Placed trade at 20.00 and ended trade at 20.05 with 20 point win
TRADE 8
Placed trade at 20.15 and ended trade at 20.15 with 20 point win
What a day of trading. First a run of losing trades, but ending with a profit of 106 points, which at £10 per point, gives a daily total of £1060
I did not trade on Thursday or Friday, as I had prior booked appointsment. However, this week has given a fantastic profit of £3040
This is absolutely staggering and we are now approaching a bank of £10.000 which is amazing to say we started with an initial bank of £500
I will post the first half of this weeks results tomorrow, and will give you an update on the bank todate.
I feel this system will be definately one which is added to my trading system
Speak soon
Martin Jones
Hi,
author seems to be back after illness http://www.marketsmastered.com/blog/.
Did he reply to your email regarding the system rule 2? If not could you send him your trades again?
Thanks
Hi Martin Do you feel that a £ 500.00 bank at £ 10 per pip is a little on the low side – I know it has been performing well but you would only have to get a couple of bad days in the beginning to deplete what is a relatively small start bank as this is when new users are likely to get a false start so to speak unless they have paper traded it for a good period of time. At £ 10 per pip I would be looking at a bank of at least £ 2K personally no matter how well it may or not perform.
Many thank.. JAG
Personally if I was trading this I would probably start on £2 per pip of a £500 and compound winnings. As with most systems, people see good reviews, then dive in, have a bad week and label it as rubbish just because they didn’t use a sensible bank and apply common sense and strategy.
Hi which system is this using the evening trader or day trader, cheers
professional traders typically risk 1% (and up to 2% max) of the bank per trade, so at £10 per point and a stop of about 20 points (£200 risk), would need a bank of c.£10K. Best to start with very small £’s per point until the 2 rules can be recognised and that is not always easy.
Martin – I would be interested in discussing with you your interpretation of rule 2 (Sam perhaps you can send my email address to Martin), as you are outperforming the guy who rote the system. Thansk Adam