Wednesday, January 13, Official Year End Results. The answer is yes I am still trading and in fact it's what I love to do and I don't see myself ever stopping. I've gained A LOT of experience over the past decade since designing the original "Forex Profit Monster" trading system One of my goals for is to become more active in writing on this blog again In fact, if you have any questions regarding trading that I might be able to help you with feel free to drop me an email to the Gmail account associated with this blog. It's simply "forexprofitmonster" at Gmail. Written that way to cut down on the amount of spam received. Not only will I try to answer your email but it may provide the inspiration for a post profit on the blog. Some of the people who contact me also want to know what happened to my website that was attached to this blog forexprofitmonster. The answer quite honestly is there wasn't much use for it anymore and so I shut it down. I monster at the beginning of last year to stop selling Forex Profit Monster, not because it's not still a quality system or that I don't use it anymore, but because interest in it had waned to the point where it wasn't worth my time to continue to offer it. It seems people who trade are only interested in the "newest, hottest thing" and FPM was almost 10 years old and therefore didn't fit that category forex So I pulled the plug on not only the website but selling it on eBay. So if you're one of the people who contacted me wanting to buy FPM my apologies but I don't check on this blog enough and may not have gotten your message for weeks or months after it was sent. The good news is if you're still looking for a profitable system that can be traded in just a few minutes a day I may, for a VERY short period of time, offer a new system that I've been trading for the past couple of years. More on that to come. If interested you can let me know through the above day address and I'll contact you when I decide to make it available. On to the main reason for this post I'm going to make this short and sweet I think this a pretty big accomplishment considering I didn't really trade that much in Forex in Most of that So far to start I'm also happy to say I've seen some nice moves in the U. Dollar that already has me ahead by 4. And this is just in the part of my portfolio that I track for these results So that's it for the results for the section of my portfolio that I manage with FPM Happy New Year to all and best of luck in your trading in Posted by Forex Profit Monster at 7: Trade ResultsYear End Results. This portfolio will remain the same each quarter unless stated otherwise. All results INCLUDE transaction costs THIS IS REAL LIVE TRADING so all costs, spreads, slippage, interest rate swap, etc The final results are in, and I finished the year up While it was a spectacular year, I do see some changes in store for me in The amount of money that I am currently trading is actually getting to be a respectable amount for a retail trader anyway: I've come a long way from the guy who started out with less than a couple thousand dollars several years ago The reason I was trading the 4 Hour chart to trading with was to increase my opportunities and grow my account faster. As far as I'm concerned I've accomplished this I am also considering making some changes to the portfolio that is currently being traded after doing some research on a new system. I feel there are some pairs that have performed well over the past years on both Forex Profit Monster and the new system The size of my account will also allow some additions to the portfolio In fact my own broker, FXCM, almost went belly up as well I was moved from IBFX to FXCM last summer when Monex Group decided to end its MT4 retail Forex arm of the business. It was a close call, but FXCM has gotten a new influx of capital to continue operations With all that trading last week because of the Swiss "ambush", the news wasn't so bad for me personally. USING THE PROPER SIZE FOR YOUR ACCOUNT AND NUMBER OF VEHICLES YOU'RE GOING TO TRADE. What this adds up to is while I lost a lot of open equity profit over this mess I'm really only down a couple of percentage points from where I finished My new mantra for now is " I figure if I can weather an event like the CHF revaluation and forex earning double digit returns that I may just be in this game for the long run. For me this fiasco was a confidence builder This is a marathon for me, not a sprint Here's hoping you survived "Hurricane Swissy" Get up, dust yourself off, find a little more risk capital and start trading with more confidence that with the knowledge gained you can probably withstand a "Black Swan" like that next time. If you have any questions just send me an email through the website and I'll be happy to lend an ear Black SwanDrawdownsSwiss Franc RevaluationSwiss National Bank depegs from EuroTrade ResultsTrend FollowingYear End Results. It's been a WILD trading ride for me this year The markets continue to fascinate me and even though I consider myself so much more knowledgeable now then I did back then, I continue to learn each and every day. During that learning included more instruction "outside" of my own observations and self-teaching. I built upon my recent professional mentorship from last year by spending the spring of this year taking two online college courses I learned a lot from both and have found ways to put their teachings to use in my own work in systems development and daily trading activities. From the end of into Day spent 8 months in a HUGE drawdown. For the way I trade I really considered it a losing month as well. I said that's all that was left! I'm not going to lie and say I took it all in stride Dollar started getting some legs Then the European Central Bank head Mario Draghi goes on a rant about the Euro and defending Europe's economy by devaluing the Euro Then PM Abe in Japan does the same Although I'm not in the prediction game, being human I do have opinions and am pretty sure I'll see these trends continue into Even with all of my focus and training on the psychological and risk management side, I was still questioning my methods and systems. The difference is I had the discipline to stick with them and come out the other side. I've said it and experienced it before I got too busy to keep up with the eBay listings last year and basically stopped selling for awhile. I'm considering offering them back in at a lower price as I've been doing some work on another system that I feel performs just as well if not better that's even easier to trade. More information on that in Happy New Year, and I hope you learned as much as I did in ! Tuesday, February 25, Forex Profit Monster Results 4th Quarter and There was a lot of volatility in this quarter At one point the returns for the quarter were almost double what they finished as. I contribute this extra volatility to the "big money" money managers making changes in their positions and portfolios for the coming year. After 7 years forex doesn't get any easier to watch some "paper gains" disappear, but if you're going to be a successful trader you must understand you will never capture every pip of a move. The goal is to grab as much of the "middle" as you can Here are the results: This accounts for the extra profits captured in Q4. Here's an equity graph of the account balance during Q4: Of course the end of the day quarter also brings an end to the year, and here are the numbers for overall:. Here's the equity curve of the account balance for Thanks for following along and best of luck in your trading! For more information about purchasing Forex Profit Monster for your own trading and trading my daytrading system Forex Day Monstervisit my website at www. Or you can visit my eBay page http: Posted by Forex Profit Monster at 5: Friday, February 14, Forex Profit Monster Results 3rd Quarter. One of the unfortunate things about mark to market accounting is that you are accounting for ALL value in the account, including open equity, so an equity curve of an account balance can be deceiving. Q3 was a quarter where some of the trends came along toward the end of the quarter and were not closed out but carried over into Q4. This makes the account balance curve look like it's still in a drawdown even though the fund is at new equity highs: This equates into a total growth of In the next post I will provide the results for the 4th quarter and the blog will be up to date until the first quarter of comes to a close! Posted by Forex Profit Monster at 6: Forex Profit Monster Results 2nd Quarter. April and the system part of May were drawdown periods, but good monster were caught across almost all pairs in mid-May. Some of these trends carried over into June and that was the month that saw most of the profits realized. Here is the FPM equity curve for the 2nd Quarter of Forex Profit Monster Results for 1st Quarter. For those of you who have been following the results of FPM for the past several years, remember there are a couple of differences now. For those of you with "inquiring minds" this was done to balance the correlation in the portfolio to keep it from being too Yen heavy. This pair was selected to keep the portfolio balance in tact. The currency pairs being traded on the 4 Hour chart with Forex Profit Monster now consist of: The figures used include open equity on trades and therefore I use "mark to market" accounting of the equity value of the account at the end of the trading month. This means the value can be more or less than the current cash value of the account, but is the value if all open postions were closed out. This is how most money managers provide statements for their clients and is also how I track my performance for this fund. It is also the easiest way for me to transcribe the results to this monster without much extra effort. This will allow me to post results in a timely manner and keep those following my progress with FPM from losing interest due to lack of information being posted. Yes, you read that correctly. A loss of 9 one thousands of a percent LOL. If you are new to trading you're probably wondering why I bother. Three months of trading, almost trades, and NO PROFIT Well the answer is easy. You'll learn that being profitable in the markets means being patient. No one wins all the time. In fact, most of the best traders LOSE most of the time. You have to wait for certain market conditions over short periods of time to day your profit. To be a good trader isn't really that exciting The best way to trade is defensively If you're thinking about getting into trading for the excitement learn to adjust that viewpoint quickly or don't even bother trading! Here is a graph of the equity curve of the 1st Quarter of This graph only shows closed trades, not open equity, which is why it varies slightly from the information above. I have also removed forex cash value on the Y axis for privacy day. The numbers on the X axis are the number of trades executed completely opened and closed. As you can see from comparing this equity curve to the information above, there are 5 profitable trades open being carried into the 2nd Quarter of That's it for this post I will post the results of the second quarter of in the next post. For more information about Forex Profit Monster and my daytrading system Forex Day Monster vist my website at www. Or you can visit my eBay page where I list one or two systems per week at a discount from the website pricing: Posted by Forex Profit Monster at 4: Wednesday, December 25, Retrospective and results Yes, I am still trading Forex Profit Monster: As I sit system my computer at 6 AM on Christmas morning having just put a turkey in the oven for Christmas dinner, the rest of my family is still sleeping and I actually have a few spare minutes to jot out a post on the FPM blog. My apologies to everyone who reads this blog for not updating it regularly during Although I think everyone who emailed me received a personal reply, I probably indicated that I would soon be posting results again As I don't want this blog to become like so many other trading related blogs littering the internet where one day the posts just stop and everyone is left wondering why my guess is usually because the person found out how tough trading really is and gives upI'd like to explain exactly why I've been MIA for the past 11 months. The reason for my inability to continue posting the results as I did in the past are two fold. First, if you read some of the posts immediately before this one you know that I began a mentorship with a very well known and respected commodities trader in as mentioned before I don't use his identity here out of respect for him and his privacy. System have followed this trader for a long time and am a fan of not only his teachings but the philosophy of the person who mentored him Ed Seykota. The year was a critical year for me; it was the first time I accepted guidance from anyone but myself regarding my trading education, and what I learned was invaluable! Mainly during the mentoring I've reaffirmed that I'm definitely on the right path and that the methods and systems that I've developed on my own Forex Profit Monster in particular are where my focus needs to be as far as my trading is concerned. Not only did I "come to system with my own development over the past decade as a trader through this mentorship, the insights, feedback and knowledge gained during my mentoring afforded me more professional opportunities in regards to trading that were time consuming The second reason I've been unable to keep up with posting here was probably the most exciting event for me over the past year I was able to start my own fund. Starting in January I began managing a small fund that included mostly my personal money This fund that I've begun is a mix of systems across different markets not just Forexbut one of the backbones of the fund is basically Forex Profit Monster being traded across 8 currency pairs as it has been for the past 7 years with one slight change. While this change made sense from a portfolio standpoint, it probably cost me some money this year LOL. Anyway, the reason I bring all of this up besides explaining why I've been absent from posting is that I plan to continue posting the results for FPM from the results of my fund. There will be some slight changes This number will reflect ONLY the results of Forex Profit Monster as it was forex on the 8 currency pairs and NOT the results of the fund overall. FPM was at an equity high for the year of Obviously I think that no matter what happens over the next few days I can be assured of another great year of performance from this system Happy Holidays and all the best to you and your family for and beyond GeneralOpportunitiesQuarterly ResultsTrade ResultsTrend FollowingYear End Results. Forex Profit Monster Results - November November was one of those nice months where almost every pair ended up a winner, the trends were long enough that there weren't a lot of trades, and there were some trades that carried into December with nice open equity. It's always nice to end a month with a good profit and head into the next month with a head start on more profits! Looking back after the fact it was the Yen that carried the month. With the changing leadership in Japan and the announcement about the government not being so concerned about keeping the Yen weak which removes the threat of government intervention, at least for now we've seen some nice moves to the upside as the Dollar gains strength, along with the other major currencies. This is ironic as you'd think you would have seen the opposite happen since the Bank of Japan has spent more than the past two years trying to keep the Yen from getting any stronger by intervening in the market. The government says it doesn't care about making the Yen weak and the Yen becomes weaker If you were trading a fundamental opinion you probably would have been expecting the Yen to gain more strength and would have missed the several hundred pips of profit available to you from the Yen pair moves in November. For more information regarding purchasing Forex Profit Monster or my day trading system Forex Day Monsterplease visit the website at www. Posted by Forex Profit Monster at FundamentalsTrade ResultsTrend Following. Forex Profit Monster Results - October My apologies to those of you who follow this blog and to those who check in on results before purchasing for taking so long to post these results. I became extremely busy intaking on some new things that I'll write about in a separate post I've considered reducing these posts to Quarterly results only to save me some time, but know that there are a lot of people who want to see the month by month data. On to the October results for the 8 pair I trade on the 4 Hour chart Best of luck in your trading Monday, October 29, Forex Profit Monster Results - September and 3rd Quarter. The September results are in, and once again there is a recurring lesson to be learned. After two losing months in July and August, September is not only a winning month but wipes out the past two losing months and then some. Some would read that last sentence and say, "Big deal, you mean you traded 4 Hour charts for 3 months and all you won was 62 pips If you find yourself thinking this way then you have A LOT of work to do as a trader. To be honest, at this stage of my trading I don't really even think about how much I win or lose anymore. I focus on my process following my predetermined trading plan including my exit signal and let the profits accumulate as they may. I know from testing my system and also trading it live for several years now what to expect over the long term and I don't let any minor trading derail my thinking or my actions. As a trader this is the stage that you need to advance to if you want to become profitable for the long run. There are going to be losing periods and you can't let these periods shake you out of your process. Even if you're trading a system that will give you a "perfect" 45 degree equity curve, there are still going to be drawdowns. If you backtest a system and see a 45 degree equity curve over several hundred trades, that doesn't mean there aren't negative portions of that curve. If you look monster the equity curve with the same inputs in a Monte Carlo simulator for a smaller number of trades say 20 or 30 trades instead of several hundred you could even see equity curves that look like mirror images of your "perfect" 45 degree curve that you would never want to trade because they look like they're making you go broke. When this is happening in real time "live" trading you have to remember that these times won't last and if your system is robust and you are seeing the same types of forward results you saw in your backtesting then you just have to keep focusing on your process until the losing period ends and you catch the wins that will pull you out of your drawdown. I believe I've shown this fact in "real time" over the past 5 years on this blog On to the details about September's results As you can see, not much positive gain for the 3rd Quarter, but no drawdown either. Since I've started graphing the equity curve by quarter instead of by month there have been fewer drawdowns showing in the curve and I've recovered from them more quickly. That's another lesson to remember This is true in both the time frame you trade and the way you track your results Here are the results for September on the 4 Hour chart across the 8 pairs I trade with Forex Profit Monster:. DrawdownsQuarterly ResultsTrade ResultsTrading Psychology. Saturday, September 15, Forex Profit Monster Results - August It's not very often that I see 2 losing months back-to-back, but that's what August brought to me. The bad news is that I closed out the month of August losing pips, but the good news is that I caught some great trends toward the end of the month and carried about 1, pips of profit in open equity into September. As long as there aren't any large spikes in volatility this should be enough to wipe out the drawdown that I entered into at the end of June and should keep me from showing a loss for the 3rd quarter of Of course I won't know until the month of September is closed out and the pips and money are "realized". Here are the results for the 4 Hour chart in August: In a couple of weeks I'll post the September results and of course the end profit September means the end of the 3rd quarter, so I'll have an updated chart of the overall equity. Forex Profit Monster Results - July There's nothing like a vacation to get you to clean up all the work you're behind After a big winning month there's always a time for some ranging before price establishes direction again, and July was no exception. Here are the July results on the 4 Hour chart for the 8 pairs I trade: Sunday, August 19, Forex Profit Monster - June Results - 2nd Quarter Results. Posted by Forex Profit Monster at 3: Quarterly ResultsTrade Results. Friday, June 15, Forex Profit Monster Results - May I've been trading long enough now that I've become very comfortable with Forex Profit Monster. I designed this system in and started trading it live with real money in In the past 5 years I've seen the cycles that the market and this system goes through I had some pairs that I didn't take a single trade on for the entire month. The reason for this is that trades opened in April carried all the way through the month of May and into June with positive open equity and no exit signal. While this trading be a common occurrence for trading a Daily chart, it's the first monster I've seen it happen on the 4 Hour chart. I also consider it a "harbinger" of things to come I'm currently carrying close to 3, pips of open equity into June, so it looks like another good month of trading with FPM next month as well! Here are the results for May on the 4 Hour chart: Thursday, May 24, Forex Profit Monster Results - April April was a "ranging" month, to be expected after the nice start to the year. Some small wins, some small losses The nice thing is that during the month of May several large trends began on a few of the pairs and I'm currently carrying an equity profit of over 1, pips which is almost a guarantee of a very profitable May as long as the trades close out in the next week or so! Here are the results for April: I got a question this month through the blog about the MT4 platform slowing down and freezing while using FPM and FDM. Unfortunately the MT4 platform is a "memory hog" and this is almost always a RAM issue with the computer being used. The lower the time frame you are trading the more of an issue this becomes. The forex remedies are: Use fewer active charts on your platform. You can always use one chart and "drag" the new currency pair you'd like to see into the chart from the navigator window instead of running several charts at once. Trade a higher time frame that requires less of your computer's memory resources combined with fewer charts this is even more effective. Upgrade to higher RAM for your computer. Thanks for visiting the results blog and best of luck in your trading! DisciplineDrawdownsLosingRangingTrade Results. Tuesday, April 17, Forex Profit Monster Results - March Time for the March results and quarterly update for Forex Profit Monster. March was a great month with over 1, pips of profit realized, mostly from Yen pairs that had entered into sustained trends in February. Here are the results:. Here are the results by currency pair as traded on the 4 Hour chart:. The month of March ends the first quarter of results for FPM, and all three months were positive; with January posting an pip gain, February added pips, and March 1, That's a total of 2, pips for the first quarter ofand a grand total of 59, pips since I started trading Forex Profit Monster live in the 2nd quarter of You can see a graph on the performance since at the top of this post. For more information regarding purchasing Forex Profit Monster or my daytrading system Forex Day Monstervisit www. Thanks for reading the results blog for Forex Profit Monster, and best of luck in your trading! Saturday, March 17, Forex Profit Monster Results - February February was a fantastic month for trading with Forex Profit Monster! Not only was February a winning month again with a profit of over pips, but the great news is there were 3 trades caught in the beginning of the month on Yen pairs that stayed open throughout February and carried into March with a total of more than 1, pips in open equity! That virtually guarantees a profitable March, which means all 3 months in the first quarter of will have been winners. A much better way to start than when the year started with back to back losing months. Here are the details for February on the 4 Hour chart:. And the details by currency pair:. Here are the yearly results so far:. That's a total of 1, pips so far inand an average of pips per month. With next month's post of the March results I will include a new graph of the overall performance of FPM since I began trading it live in Forex Profit Monster Results - January Because I know it's important I've forced myself to sit down on a beautiful 70 degree Saturday to update the past couple months of results as I just don't get much time during the trading week anymore. The month of January was an "above average" month for FPM, showing me a total win of pips. This was a great way to startand some equity from open trades from January carrying into the next month gave me a good start to a profitable month for Forex as well. Here are the results for January:. Here are the January results by currency pairs traded on the 4 Hour chart:. Of course this being the first results ofthey're also the yearly totals Remember that I'm also only updating the overall pip totals now once per quarter. A new graph will be posted with the March profit. Sunday, January 8, Forex Profit Monster Results - December As mentioned in previous posts, the software that I use to plot the equity curve has a limitation of the number of data points you can use, and as of a couple of months ago that limit was reached. I decided to recompute the curve on a quarterly plot instead of monthly so that I can continue to post the curve on the results blog using the same software. The funny thing is, the difference in the equity curve can teach a lesson as far as trading discipline is concerned. Look at the graph above and compare it to the last monthly graph:. Do you see how the drawdowns are more noticeable in the monthly graph than the quarterly graph? While technically the information is exactly the same, it shows that seen over a longer time frame the same results seem forex volatile. While many small drawdowns can be seen in the monthly graph every time there is a losing month there is a drawdown in the graph The only one of any relevance at all is in Q3 of Want to take it to the "next level"? Here's a graph of the yearly results:. So what lesson is to be learned here as a trader? With a viable trading method that has a positive expectancy, you CAN'T allow the results of single trades or even single weeks or months worth of trades to cause you to lose your focus. If you become undisciplined because you have a losing streak or enter a drawdown, you may miss out on the profits that will help you to overcome the losses. You must keep focused on the "big picture" Days, weeks, or even a couple of months of losses in a row don't mean anything over the long haul. And the totals for For more information about Forex Profit Monster and my day trading system Forex Day Monstervisit the website at www. To purchase either system or both at a discount, visit forex eBay page at http: Breaking RulesDisciplineDrawdownsLosingTrade ResultsTrading Psychology. So the holidays are over and it's the start of a new year! This post includes only the November results because I'm just getting around to transcribing my trading logs and posting the results from November. I've been enjoying some downtime over the past several weeks I've also spent some time over the past couple of weeks reviewing the data from the past few years and reorganizing it from monthly data points profit quarterly. Beginning with the December results I'll start posting a new equity graph using the quarterly results instead of monthly results. While I'll still post monthly results here on the blog, the graph will only be updated each quarter. November was a very good month for Forex Profit Monster with an overall profit of 1, pips. Here are the overall results of the 8 pairs I trade on the 4 Hour charts with FPM:. And the totals for so far: Posted by Forex Profit Monster at 9: Wednesday, November 30, Forex Profit Monster - October Another spectacular month with Forex Profit Monster! The past two months have more than made up for the slow start in Even though I consider system a "seasoned" trader now, it's still tough to sit through drawdowns Some forex you have contacted me regarding why I've been so late posting the results again this month. There are several reasons, some of which are personal and I won't go into, but one of which actually has to do with the results and the results blog itself. The software that I use to graph the results is limited to the number of data points it will accept. I have reached the limitation with the monthly results, so my plan was to find some new software and redesign the graph and transfer the data, or redesign the graph in the current software to show results by quarter instead of by month. I had the best of intentions to have this done by this month, but it's a project that keeps getting moved lower on the priority list. I will however keep working on it so that the graph can continue to be posted on the results blog each month. Anyway, on to the October results: For more profit about Forex Profit Monster and my day trading system Forex Day Monstervisit the website at http: To purchase either or both systems at a discount, visit my eBay page at http: Best of luck in your trading! Posted by Forex Profit Monster at 1: About Me Forex Profit Monster View my complete profile.
Simple and Best Forex Trading System 2016 -Best indicators for scalping
Simple and Best Forex Trading System 2016 -Best indicators for scalping
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