Watch me as I make a create magical forex systems that will make me alot of money. Which systems will make the cut? Tune in and find out!

Home | Read this first! | Learn the Forex | Alba Learn N' Trade | Contact | Don't get scammed!

Monday, April 03, 2006

April 3, 2006- Recap

Alpha System: -18
Beta System: +16

Total: -2 pips


Alpha System-
Stopped out of GBP/USD
Result: -18 pips

Beta System-
Entered long EUR/USD at 1.2084
Target hit at 1.2100
Result: +16 pips

April 3, 2006

Alpha System-

Currently short GBP/USD at 1.7286. Initial stop at 1.7304

Friday, March 31, 2006

Beta Trade Record

Total Trades: 5

Wins: 3

Losses: 2

Win %: 60%

Avg. Win: 15

Avg. Loss: 12

Max Drawdown: -15


Alpha Trade Record

Total Trades: 10

Wins: 4

Losses: 6

Win%: 40%

Avg Win: 12

Avg Loss: 10

Max Drawdown: -56


Results for 3/29/06 - 3/31/06

- Alpha: -44 pips
- Beta: -15 pips

- Alpha: +32 pips
- Beta: +32 pips

- Alpha: +2 pips
- Beta: +4 pips

- Alpha: -10 pips
- Beta: +21 pips

March 31, 2006- Recap

Alpha System: +2 pips (Like I said earlier, I didn't really see any setups)
Beta System: +14 -10= +4 pips

Total: +6 pips


Beta System:

Stopped out at 1.2125.
Result: -10 pips


Alpha System:

Closed USD/JPY at 117.71
Result: +2 pips

Beta System:

Moved stop to 1.2125


Alpha System:

Currently long USD/JPY at 117.69. Initial stop at 117.52

Beta System:

Currently short EUR/USD at 2115. Stop loss is at 2130. Target is at 2100.


Beta System:

Well right after I posted, my target got hit at 2123.
Result: +14 pips

March 31, 2006

Alpha system:

Don't see too many setups today. The best looking pairs right now are the USD/JPY and the GBP/USD. The EUR/JPY looks good too but its for a longer time frame trade.

Beta System:

Currently long at 2109. Target is 2123. Stop is 1.2094

Thursday, March 30, 2006

March 30, 2006- Recap

Alpha System: +32 pips
Beta System: +32 pips

Total: +64 pips

Much better than yesterday :)


Alpha System:

Went long at 1.2122 at 12:55pm. Closed position at 1.2148 at 1:45 pm.
Result: +26 pips

Beta System:

Closed open position at 1.2140.
Result: +16 pips


Alpha System:

Went long on EUR/USD at 1.2120. Closed trade at 2130.
Result: +10 pips

Beta System:

There were 2 entries, but I didn't take them because I'm dumb.
First one was good for +16 pips.
2nd one is still on and is currently up +8 pips right now. The target for it is 2140.


Alpha System:

Closed AUD/USD at .7120 due to an exit alert.
Result: -4 pips


Alpha System:

Long AUD/USD at .7124. Initial stop is at .7109

Wednesday, March 29, 2006

March 29, 2006- Recap

Alpha System: -44 pips
Beta System: -15 pips

Not a great start, but I know I made alot of mistakes today. Hopefully tomorrow will be better


Alpha System

Closed GBP/USD at 1.7351 at 11:07 am.
Result: -15 pips

Stopped out of USD/JPY at 117.83 at 11:21 am.
Result: -13 pips

Closed out AUD/USD at .7058 at 11:21 am.
Result: -5 pips


Alpha system-

Currently in:

Short AUD/USD at .7053; Stop at .7068
Short GBP/USD at 1.7336; Stop at 1.7356
Long USD/JPY at 117.96; Stop at 117.83

March 29, 2006

Alpha system-

Sold Aud/Usd at .7044 at 8:26 am EST but cut my trade too short.
Result: -8 pips

Bought Usd/Cad at 1.1720 at 8:44 am EST and got out at 1.1732 at 9:56 am EST.
Result: +12 pips

Sold GBP/USD at 1.7338 at 10 am. Got stopped out at 1.7353 at 10:09 am.
Result: -15 pips

Currently short on GBP/USD at 1.7336. Stop is at 1.7356.

Beta System:
Went short at 1.1997 at 9:05 am. Got stopped out at 1.2012 at 10:10 am.
Result: -15 pips

About this blog

This blog was created to serve as a journal of the many forex strategies that I am creating and testing. Don't be surprised to see many losses and many changes. All the trades that I post are actual trades that I am taking on a demo account. The goal is to get the systems profitable enough to start trading with real money.

I will make it a rule that in order for a system to "graduate" I will have to have 3 consecutive months of profitability. If I do this, then the system will be added to my trader's toolbox.

What am I working on at the moment?

Alpha System:
It works across all the pairs and can be traded during the EU and US sessions. Most of the trades will be intra-day but occassionally I might have a longer term trade.

Alpha System Trade Record

Beta System:
This system is specific to the EUR/USD and it only works with CMS because it uses one of their indicators (I don't think it's proprietary but I'm not sure what other charting packages have the chaos fractal indicator.) If you know of any other charting packages that offer it, please let me know.

Beta System Track Record

Join me on my trading reality show blog, haha. Find out who will make the cut and who will be sent back to the drawing board!