Weekend

Well guys, not blogged for a couple of days due to testing a few strategies out and family stuff, so not had chance unfortunately.

It's been a tricky month for my breakout strategies and i'm glad the month is over and we can move onto Feb. I know a few fellow traders who have lost a lot of their cash balance this month, some as much as 30%, so i'm happy with my results taking everything into account.

I have a Long trade active on S1, but at the moment, ignoring this trade i am on -50, so hopefully if i win this trade i will be on -10, which is near enough B/E. S2 finished B/E for the month, so again happy with that considering. The great thing about S2 is the fact that i had 5 losers early on in the month and just the 1 win brought me back into the game - great ratio. S3 has had a bad week for me, however still up for the month if trading just the 1 trade from 0700hrs GMT. Trading this way would have bagged me +145 pips, so this is the way to go for me from the start of Feb - 1 trade from 0700hrs GMT only.

Dax has done poorly this month, finished about -180, so will be monitoring this in Feb and not trading it.

Now onto the positive stuff this month. Ichimoku for me has done great, managed to finish on +759 in the end, so a little below past months, but still great nonetheless. This is a strategy i use 0600 to 1200 GMT across 10 pairs. I love using Ichi indicators as in my experience so far (which is not a lot i must admit) they seem very reliable and accurate, so i will keep testing in Feb and start live in March. Although i say testing, i am still trading with real cash as i think that is the only way to go when testing, it's so difficult to get a feel for a method just paper trading in my opinion. I have been trading this strategy using just 0.5% of my balance, all the others at 2%.

So next month i will be trading S1, S2 and S3, all at 2% and Ichimoku at 0.5%, with a view to trading it live beginning of March at 2%.

So for the month i am up 4% rounded up. This is not taking into account the 1 trade still active on S1.

My results are below for the month so far:
S1 = -50 - with 1 trade still running
S2 = 0
S3 = -25 - This strategy if traded just the 1 trade after 0700hrs would be up +145.
Dax = -48 (If traded today it would be on -180)
Ichi - +759

So guys i hope you had an ok month, if you managed to keep disciplined throughout this month, then i think you have done pretty well.

Onto Feb now - Let the pips roll in!!!