Trade #06 Bought GOLD @ 1317.75

Entered this with 40 pip stop and 100 pip limit.

My excel program that backtests trades indicates that of the 47 similar set ups since Jan 2006, 22 were winners and 25 were winners. As each winning trade wins more than the losing trades lose, the average gain is 20.5 pips per trade after accounting for the spread.

UPDATE: 23:32 13th April 2014

To no one’s surprise, bearing in mind the geo-political situation at the moment, my trade raced through the limit I’d set within half hour of the market opening.

+100 pips

I’m off for Easter Holidays now. Happy Trading.

Trade #05 Sold FTSE @6584.5

Sold FTSE. Set my stop at 30 pips and a limit @ 90 pips.

My excel program had indicated that trend is now down, albeit slightly, so I thought I’d see if this is a break or a fake-break. Only time will tell.

UPDATE: 11.09 11th April 2014

Still in this trade. It has given me 20+ pips so far, looking to stay with it for a while.

 

UPDATE: 11.26 11th April 2014

These things always make me question myself…

I’m going to hang in for a while longer.

UPDATE: 18.10 GMT 14th April 2014

Closed trade manually for gain of 31,2 pips