Fri 22 Feb 2008
Forex / Futures Systems Results for February 22, 2008
Posted by Ed Mamula under Forex Trading Results , Narratives# winning trades (CG/ER) : 3/1
# losing trades (CG/ER) : 3/0
Total Return Month to Date: -3.1%
I’m still going through a transition period. Last week, I found myself unable to stick with my trading plan, and I hurt my results slightly. This week I cut my risk to the bare minimum so that there would be no chance that I would override a signal. There was only one trade entered this week, for a 125 pip gain on the long side in the British pound. Since I had cut my risk down so much, I am still underwater for the month.
Today marks the end of my first stint as a full-time trader. I’m starting a new job on Monday, and for the foreseeable future, I’ll need to keep my risk in the futures market quite low so that it is not a distraction while I am adjusting to the change.
In an attempt to unmarry myself from the Cable Glider’s methodology, I plan to report only the combined results of both of my systems. Further study has revealed that these systems do complement each other quite nicely, provided that enough of my total risk is allocated to the Euro Ranger system.
I have a feeling that things might get quite “boring” around here. I certainly won’t be producing any spectacular gains in the near future, but of course, I hope to never see another 40 plus percent drawdown either.
The Cable Glider system is up about 5% this month. In truth, it had 2 terrible weeks in January, followed by a small recovery and some sideways action. All the while, Euro Ranger has posted a perfect record. Only time will tell, but perhaps I’ll look back on this day and realize that I panicked and jumped back into a job too quickly. Indeed, it’s very possible that I don’t “need” a job at this point, but at the same time, I don’t “need” to be trading full-time to be effective. The only thing that’s certain is that as long as I have a job, I don’t need to take money from my trading account to pay my living expenses, and after 9 months, that’s a welcome change. ![]()

February 22nd, 2008 at 7:58 pm
[…] Gaps are tough in the Forex. by Forex trading wrote an interesting post today onHere’s a quick excerpt# winning trades (CG/ER) : 3/1 # losing trades (CG/ER) : 3/0 Total Return Month to Date: -3.1% I’m still going through a transition period. […]