Bank Flow Weekly Recap
Written by Dustin Pass on April 20, 2008 – 5:14 pm -We had another extremely profitable week of Bank Flow trading this past week.
Several of the trades had multiple targets and we utilize a
scaling out process. Assuming you followed the directions that
Jonathan gave, your total on your best positions (including
losses) would be approximately 382 pips. There is a breakdown
below of the exact scaling out process. The 382 figure is not
counting each close separately, but merely taking the best
close of each position.
The trades that were called this week are as follows:
4/14/08 – Buy USDCHF 0.9950 – Closed partial w/ 10 pips, rest
at breakeven
4/14/08 – Buy USDCHF 0.9957 – Closed partial w/ 42 pips, rest
at breakeven
4/15/08 – Sell EURJPY 160.42 – Closed partial w/ 25, partial w/
40, rest at breakeven
4/15/08 – Buy GBPUSD 0.9608 – Closed partial w/ 40, partial w/
112, rest at 172 pips
4/16/08 – Sell AUDUSD 0.9288 (half size) – Closed w/ -42 pips
4/16/08 – Sell EURJPY 161.20 (half size) – If you followed the
guidelines, you could have closed partial w/ 40 pips and rest
at breakeven; if not, then -30 pips
4/16/08 – Sell AUDUSD 0.9376 (half size) – Closed partial w/ 46
pips, rest at 80 pips
4/17/08 – Sell EURJPY 162.96 (half size) – Closed partial w/ 40
pips, rest at breakeven
4/18/08 – Sell EURJPY 163.47 (half size) – If you followed the
guidelines, you could have closed partial w/ 40-70 pips and
rest at breakeven
You will notice that the half size trades tend to have a little
more risk involved, and that is why Jonathan recommends trading
them with only half the lots you typically would. There is
only one trade this week that did not provide profits of at
least 40 pips. If you followed the guidelines for the Bank
Flow trades, you could have potentially netted over 450 pips of
profit this week, with only one loss out of nine trades. Even
if you just put a 40 pip limit on each trade, you could have
netted approximately 250 pips for the week.
If you have not had a trial of our Bank Flow service yet, click
on the link below to get started.
http://www.forextradersdaily.com/go.php?t=1
Good Luck!!!
Posted in Bank Flow |