Crazy

The success of The FXGrail has been tremendous. With the holidays here we would like to take this time to thank everyone for helping make 2007 such a success.

As we venture into the new year we hope to continue the momentum you all have given us. We hope to expand the forum as we expand our trader base. We will be firing up the subscription service once again and we will devote a little more attention to the affiliate program. We will be taking the forex world by storm.

Happy Holidays,

B
The FXGrail

Milestone!

The forum is up and running. Anyone can join, however, some topics are off limits unless you are a grail trader.

We have also started our Affiliate Program. Anyone can become an FXGrail Affiliate. This is a great way to earn extra dough for christmas, your trading, bills, etc. Each sale is worth $70.00 and their is a bonus of $100 for every ten sales. Simply put, sell 10 get $800. Not to shabby.

Check out the website here.

Interested in becoming an Affiliate Click Here.

Interesting Theory

I don't know how many of you follow the stock market but I thought this was quite interesting, As a forex trader it affects us also. Have a read, this is from the USA Today.

By Adam Shell, USA TODAY

NEW YORK — In a sign the credit crisis could spell lasting trouble for the stock market, one of Wall Street's oldest tools used to divine the longer-term direction of stock prices is flashing a warning signal.

Dow Theory, a market-trend forecasting system developed in the late 19th century by Wall Street Journal editor Charles Dow, is close to signaling that the primary trend of the market — which has been up for five years — is down, or bearish.

"The market is at a big inflection point," says Chuck Carlson, contributing editor of Dow Theory Forecasts newsletter. According to Dow Theory, if the Dow industrial average (made up of companies that make goods) and the Dow transportation average (made up of companies that ship goods) both breach significant market levels, it confirms a trend change.

The transports are trading below their August low, when the credit scare first hit stocks. What is worrisome is that the industrials, after plunging 4.5% the past three sessions, are hovering less than 197 points, or 1.5%, above their August low. If the industrials close below their Aug. 16 low of 12,845.78, it would confirm that the market trend has turned bearish.

"Dow Theory looks at significant points on the downside and upside," Carlson says. "If stocks breach those points, such as the dark period in August, it means something significant is going on. If both the industrials and transports are moving lower in tandem, it's not good for the economy, profits or stocks."

Stocks have been weighed down the past month by round two of a credit crisis that began this summer but has resurfaced in the past few weeks amid a slew of losses reported by major U.S. banks. These institutions are suffering from exposure to securities tied to risky mortgages that are declining rapidly in value.

Last week, the Dow industrials fell more than 550 points, or 4.1%, to close at 13,042.74 — 7.9% off their all-time high of 14,164.53. The pain of the current sell-off is approaching the 8.2% decline suffered in August from July's all-time high.

The catalyst for the downdraft was a drumbeat of bad news from the financial sector. On Friday, Wachovia (WB), the fourth-largest U.S. bank, reported a drop of $1.1 billion in the value of its mortgage-backed debt. Bank of America (BAC) and JPMorgan Chase (JPM) also warned of more losses to come in the fourth quarter. Those reports follow write-offs announced earlier in the week by the nation's biggest bank, Citigroup (C) ($8 billion to $11 billion ) and Morgan Stanley (MS) ($3.7 billion).

Stocks have also been under pressure from the fallout caused by a sharp drop in the value of the U.S. dollar, soaring energy prices and fears of rising inflation.

But the still-unquantifiable losses due to the credit crunch are what really has Wall Street on edge. "It shakes the confidence of the financial system," says Pat Adams, portfolio manager at Choice Funds.

The Dollar

It's amazing actually the beating the dollar has been taking. Funny thing happening, the dollar is getting beat down by currencies that are fundamentally not much better off. 2008 should be an interesting year.

Website

The website is very close to full launch. We have been very busy as of late. We have taken on quite a few new traders over the last month.

The forum will be launched this week, I believe it will be instrumental to The FXGrail traders. We are also very close to launching The FXGrail affiliate program. We will be paying up to $60 per sale. This is a great way to build your trading capital.

We would like to take this time to thank all of you for making The FXGrail such a success.

Go ahead and check out the website, some functions are not yet available.

The FXGrail

Results, etc.

Here is a rundown for the last month or so, complete with drawdown info, etc.

2007.08.22 02:14	buy	1.00	eurusd	1.3456	2007.08.22 20:06	1.3528	720.00
2007.08.22 02:16	buy	1.00	gbpjpy	226.41	2007.08.22 20:06	228.75	2 035.85
2007.08.22 02:16	buy	1.00	eurjpy	153.78	2007.08.22 20:06	155.48	1 479.04
2007.08.22 02:17	buy	1.00	gbpusd	1.9813	2007.08.22 20:06	1.9903	900.00
2007.08.22 02:17	buy	1.00	usdjpy	114.30	2007.08.22 20:06	114.94	556.81
2007.09.06 14:42	buy	1.00	gbpjpy	232.27	2007.09.06 21:31	233.19	797.84
2007.09.06 14:42	sell	1.00	gbpjpy	232.20	2007.09.07 17:00	231.26	824.34
2007.09.06 21:32	sell	1.00	gbpusd	2.0224	2007.09.17 03:39	2.0072	1 520.00
2007.09.07 01:29	sell	1.00	eurjpy	157.97	2007.09.07 17:00	157.07	789.13
2007.09.19 07:18	sell	1.00	gbpusd	2.0121	2007.09.19 17:37	1.9976	1 450.00
2007.09.19 07:19	sell	1.00	eurusd	1.3976	2007.09.19 17:38	1.3954	220.00
2007.09.19 07:22	buy	1.00	usdcad	1.0098	2007.09.19 17:38	1.0163	639.57
2007.09.19 23:51	sell	1.00	eurgbp	0.6975	2007.09.24 18:11	0.6966	181.99
2007.09.21 21:04	buy	1.00	usdcad	0.9999	2007.09.24 18:11	1.0015	159.76
2007.09.24 06:42	sell	1.00	gbpusd	2.0260	2007.09.24 17:22	2.0229	310.00
2007.09.24 17:40	sell	1.00	audjpy	99.84	2007.09.24 18:11	99.71	113.05
							12 697.38

Gross Profit:		12655.59		Gross Loss:				0.00	Total Net Profit:			12655.59
Profit Factor:				Expected Payoff:				790.97
Absolute Drawdown:		0.00		Maximal Drawdown:				0.00 (0.00%)	Relative Drawdown:			0.00% (0.00)
Total Trades:		16		Short Positions (won %):				8 (100.00%)	Long Positions (won %):			8 (100.00%)
Profit Trades (% of total):								16 (100.00%)	Loss trades (% of total):			0 (0.00%)
Largest		profit trade:						2 035.85	loss trade:			0.00
Average		profit trade:						790.97	loss trade:			0.00
Maximum		consecutive wins ($):						16 (12 655.59)	consecutive losses ($):			0 (0.00)
Maximal		consecutive profit (count):						12 655.59 (16)	consecutive loss (count):			0.00 (0)
Average		consecutive wins:						16	consecutive losses:

That didn't work so well, you can check the out better at this link:

Results

It will also be on the website soon!

More Pips

Here are some results from yesterday:
2007.09.19 07:18 sell 1.00gbpusd 2.0121 2007.09.19 17:37 1.9976 1450.00
2007.09.19 07:19 sell 1.00eurusd 1.3976 2007.09.19 17:38 1.3954 220.00
2007.09.19 07:22 buy1.00usdcad 1.0098 2007.09.19 17:38 1.0163 639.57

2 309.75

CLOSED P/L: 2 309.75

Not bad considering we have a few more open trades already locked in.
Until next time, happy trading.

What The Hell Are You Waiting For?

I am remiss to say-"What The Hell Are You Waiting For?"
Days like today are very hard to resist. For some it was Black Friday. Many accounts were ruined today. Many traders will be starting over again Monday.
For some it was as if they hit the lottery. Days like today are why we trade.
Which one were you? Were you lucky? Did you jump in blind and hope for the best? Be honest with yourself. Can you do it again, and again, and again (and I don't mean blow your account)?

keep reading.....

What The Hell Are You Waiting For?

cont....
I was working in the yard, putting up a batting cage (wanna help-lot of work). So how did I do? I am sure you already know the answer. I had my trades set last night and didn't pay them no mind until 3:00 pm est. Was I surprised when I checked? No! I don't trade the news, I trade a system.


keep reading....

What The Hell Are You Waiting For?

cont......
The "news" is just a catalyst for movement in the market. It doesn't matter to me what it is, I'll make pips regardless.
If you didn't make at least 1000 pips today then you may want to rethink your strategy, retool your system. The pips are there for the taking people.
Are you getting yours?

Incredible!

Here is just a quick tidbit for you all from The FXGrail. It was another outstanding week. Only one more week left on the discount being offered. Stop wasting your time. The FXGrail has been proven right here on these pages. Who else has done that? Below are a couple of trades from August 22, 2007. Nice little profit. We ended up entering the same positions again and making another nice chunk of pips.

11046763	2007.08.22 02:14	buy	1.00	eurusd	1.3456	0.0000	0.0000	2007.08.22 20:06	1.3528	0.00	0.00	0.00	720.00
11046838	2007.08.22 02:16	buy	1.00	gbpjpy	226.41	228.54	0.00	2007.08.22 20:06	228.75	0.00	0.00	0.00	2 035.85
11046846	2007.08.22 02:16	buy	1.00	eurjpy	153.78	155.24	0.00	2007.08.22 20:06	155.48	0.00	0.00	0.00	1 479.04
11046852	2007.08.22 02:17	buy	1.00	gbpusd	1.9813	1.9879	0.0000	2007.08.22 20:06	1.9903	0.00	0.00	0.00	900.00
11046864	2007.08.22 02:17	buy	1.00	usdjpy	114.30	0.00	0.00	2007.08.22 20:06	114.94	0.00	0.00	0.00	556.81

WOW!

Who got in on the huge carry trade unwind. We at the grail called it Monday. Huge amount of pips. We will not even tell you how many. You wouldn't believe it anyway. The FXGrail nailed it right on the head. It has been an incredible week. Don't fret if you missed out. The beauty of this market is their will always be another chance.

We are now ready to offer the complete FXGrail system. This is huge news! The ability to harness The FXGrail will be instrumental in your currency trading career.

For the next 2 weeks we are knocking $200 of the price of the complete FXGrail system. That is a 50% discount on one of the most powerful trading packages ever offered. For 2 weeks get this incredible package for $199. That's it. Nothing more to pay ever.

If your ready to start making pips, if your ready to get your trading career started, than make the one purchase that can make a difference. Get The FXGrail Now!

crazy

Just as the title says, things are crazy at The FXGrail. We are very busy making pips.
Last week was another big week over +500 pips, and it should have been much more. We got greedy on the EUR/CAD and let over 300 pips slip by, a mistake we shall not make again.

The FXGrail complete system will be available in the very near future. We will no longer be selling subscriptions as it is time to unleash this powerful system on the public. Pips for everyone! Stay tuned for further updates.

been awhile

Hey all, it's been awhile since I've posted. Things have been quite busy (and profitable) at The FXGrail. We had a few bumps in the road, but we are cruising now. Today alone we have banked over 600 pips and we have 5 trades still open and in profit.

We have tweaked the grail a bit. We are real close to offering the complete system. We will still offer the subscription service and will be adding The FXGrail I and The FXGrail II-The Quest.

The FXGrail I system is very profitable and easy. If you're looking for a set and forget system, this is it. Consistently making pips every day, we believe anybody can trade this system.

The FXGrail II-The Quest includes system I and The FXGrail. By combining both systems, it is virtually impossible not to make pips. We believe this is the ultimate forex trading system. The combined systems create an environment were pips are made regardless of the market. Trending, choppy, it doesn't matter with The FXGrail II-The Quest. The Quest is suitable for the beginner and the expert. Really for anyone who wants to make pips.

For those of you that want to make pips with out all the hassle, we will still be offering the 30 day subscription. If you can read an email, you can make pips with the subscription service.

Stay tuned for further announcements.

Subscribe now!

It's renewal time at The FXGrail. The market finally has direction again, the grail is rolling along, piling up pips. Don't miss out on a single day of The FXGrail. Subscribe now @ http://www.thefxgrail.com. Good things are happening @ The FXGrail, be a part of it. Paid subscribers banked over +400 pips already this week. Trades from this week already closed out for profit: EUR/JPY, EUR/GBP, EUR/AUD, GBP/USD, CAD/JPY, and AUD/JPY. Subscribe today, do not miss another grail trade. There are pips to be made.

Website and forum are almost complete. Things are exploding at the grail, don't miss out.

http://www.thefxgrail.com



A paypal account is no longer needed, subscribe now.

Still going

It has been an incredible 2 weeks trading The FXGrail. Huge trade on GBP/USD making a ton of pips. Over 150 pips already this week with several more in profit. We are rolling right along, continuing to bank pips on a daily basis.

Website will be launched soon. Sorry it's taking so long. Making pips is getting in the way, nice problem to have. I am working on a different payment solution. It should be available soon. For those of you unable to use paypal, e-gold is the only other option for the time being. I am trying hard to remedy this situation.

Get a subscription to The FXGrail, witness the power of the grail in realtime, see the management of the grail trades as they happen. Watch the grail make boatloads of pips. continuous pips the grail way!

Fantastic

The response to The FXGrail has been nothing short of incredible. A ton of questions have been answered. A bunch of pips have been made. I am still attempting to build the website myself, slow going as it is. Some semblance of the site will be up this week.

There have been many questions regarding the grail and I have attempted to answer all. Feel free to continue to ask, I will continue to answer. The website will answer most if not all questions just as soon as I get it up. Thank you all for your patience, I could have paid someone (and still may) to get this site up faster, but it sure is interesting doing it myself.

We had a nice run to end last week, and have already locked in pips this week. The FXGrail continues to perform, and we continue to make pips. Place trade, make pips. It is that easy. Until next time.

Good luck and happy trading,

Bryan
The FXGrail

200+ pips yesterday

Over 200 pips yesterday. Another Stellar performance by The FXGrail. 1 bad trade since feb. 01. Awesome. I am thankful for all the people who put their faith in The FXGrail. They are seeing first hand the power of the system. Place the trade, make pips. More pips to come.

Questions

I have had a ton of questions about The FXGrail. The two most commonly asked questions are #1 If you are making so many pips, why do you need to charge for The FXGrail? #2 Am I going to sell the complete system?

#1. I have answered this before, but here we go again. I have a product I believe people want (from the response, I am correct). I am not Bill Gates. True, I have made a nice chunk so far from The FXGrail, but $$$ is $$$. Until I am filthy rich, I will always be looking to make more. That is why I trade, that is why I am marketing The FXGrail.

#2. Yes, in the future I plan on selling the complete system. I will not sell it without the proper support in place. I put a lot of time and effort developing this. It is my baby. When I sell it, I want traders to be able to trade it. I have purchased a few "systems" in my time. All were useless, a bunch of indicators and a poorly written manual, no good to anyone. When I am set-up to offer consistent help and training, I will sell it. Stay tuned.

Todays three trades all in profit already, looking good for The FXGrail. Join now and get 30 days of trades from The FXGrail for $99 risk free. Don't miss the pip boat. Harness the power of The FXGrail risk free now, everyday you wait is wasted pips.

Another excellent day

It was another excellent day of trades from The FXGrail. Don't be left behind. We have all witnessed how strong the grail is. Join me and continue to make pip after pip after pip. $99 for 30 days of The FXGrail, we made 1490+ pips in one day, 3000 pips in a month, what are you waiting for. Get in now!

Big Changes

There are big changes happening at forex for profit. We have had an incredible run with The FXGrail. In five weeks we have racked up +2947 pips. That is mind boggling. The FXGrail has worked to perfection (literally). I think The grail has been proven to be very reliable and very profitable, which brings me to the logical conclusion: I have a marketable product.

This blog has been invaluable to my trading, it has done what I was unable to do, follow the rules. I have spent many hours developing, tweeking, backtesting, all on The FXGrail. It is finally coming to fruition. I have decided to get serious with the FXGrail. I will no longer be giving free signals from the Grail.

There are two reasons I have for taking this route. #1 is $$$, I won't lie. I have a good system that I think people will pay for. I won't sugar coat it, I'm not Bill Gates, I can use more money. #2. I am very serious about trading. I have huge plans for The FXGrail and my trading career. I am in the process of getting a website and a forum dedicated entirely to the FXGrail. Everything will be there. To get started I will just be offering signals. The rest will come later. I think I have proven on this blog that I have a winning system and can help you make pips. Happy trading and stay tuned for further details on the website, etc.

$99 gets you a full month of The FXGrail. Everything will be the same, you will get trade signals with s/l, t/p, etc. Just like it has been. I am so confident in The FXGrail that I will refund the purchase price of $99 if The FXGrail does not make positive pips during your 30 days of service. Doesn't get any better than that. Risk free subscription price. I look forward to more pips and an even stronger Grail community. You can purchase below, email me for other payment options: thefxgrail@gmail.com.

Absolutely Amazing! The FXGrail

Well that didn't take to long. Closed all positions that I placed earlier. Plenty of profit tonight. Here is a quick list of total pips per pair:

CHF/JPY: closed @ 95.15, +55 pips, 4 lots total=+220
EUR/CHF: closed @160.32, +48, 2 lots total=+96
GBP/JPY: closed @224.47, +308, 2 lots total=+616
USD/CHF: closed @1.2235, +23, 2 lots total=+46
USD/JPY: closed @116.47, +122, 2 lots total=+244
AUD/USD: closed @.7738, +44, 5 lots total=+220

Grand Total for today=+1438 pips. The FXGrail is on cruise control. I am sure to leave plenty off pips on the table, but I will never complain about +1400 pips in a single day. The performance of The FXGrail is stunning. It doesn't matter what you trade, micros, minis, standard, we're making some serious $$$. If I had taken all the FXGrail signals, god only knows. I shall be dreaming of pips tonight. Happy trading.

Week#1:+521 pips
Week#2:+118 pips
Week#3:+493 pips
Week#4:+377 pips
Week#5:(accumulative)+1438 pips

Starting the month of right

Hello everyone, time to get back into it. The FXGrail has given me a plethora of signals. I am not placing trades for every signal, just a few. The trades:

CHF/JPY: long@94.60, s/l 93.56, 1st t/p 95.56, 2nd t/p 96.00

EUR/CHF: long@1.5984, s/l 1.5893, 1st t/p 1.6020, 2nd t/p 1.6070

GBP/JPY: long@221.39, s/l 220.45, t/p 225.95

AUD/USD: long@.7694, s/l .7591, 1st t/p .7735, 2nd t/p .7780

USD/CHF:long@1.2212, s/l 1.2092, 1st t/p 1.2260, 2nd t/p 1.2315

Good luck and happy trading!

Taking it easy

Hey all, actually doing nothing right now. Having a nice relaxing evening. What a change from the previous trader I knew. He thought he needed to watch every pip move. He sure was obsessive, I'm glad I do not associate with him anymore. He has moved out. Now it's just me and The FXGrail (notice the name change, a little bit catchier). Take another evening and chill, the market will be there when we return. As always, Happy Trading!

Sittin' this one out

After the crazy day in all financial markets, I will have a seat on the sidelines for a bit. Let the dust settle as they say. Unbelievable performance by The Grail this month. I knew this was a good system, my backtesting proved it, but it has been incredible. The key as always is to follow the rules. The trader makes the system, the system does not make the trader!

The final tally for the month of February:

Week #1: +521
Week #2: +118
Week #3: +493
Week #4: +377

Total for February: +1509.

Those are some very good results. They could have been much better, conservative estimate is that I left over 600 pips on the table. That tells me two things, 1. The Grail is a very powerful system 2. I need to refine my profit taking strategy to capture a few more pips. All in all very happy with The Grail, made some serious profit this month. As always, happy trading.

Amazing

The Grail Strikes again. Some great trades last night. Have closed all positions.

USD/JPY: Hit target point +60.

AUD/JPY: Hit 1st t/p +47, 2nd t/p +102, total +149.

CHF/JPY: Hit 1st t/p +28, closed 2nd lot @97.30 for +76 for total +104

USD/CAD: Hit 1st t/p +29, closed 2nd @ 1.1641 for +35, total +64.

Total for the day: +377, stellar performance by the grail. Stay tuned!

The Grail in action

Sorry a bit late, let's get right to it. Four new trades from The Grail:

USD/JPY: short@120.64, s/l 121.09, t/p `120.34. 2 lots

USD/CAD: long@ 1.1606, s/l 1.1559, 1st t/p 1.1635, 2nd t/p 1.1675. Will move s/l to 1.1610 on close of 1 st order.

AUD/JPY: short@95.72, s/l 96.50, 1st t/p 95.25, 2nd t/p 94.70. Will move s/l to 95.60 on close of 1st order.

CHF/JPY: short@ 98.06, s/l 98.50, 1st t/p 97.78, 2nd t/p 97.15. Will move s/l to 97.95 on close of 1st order.

Happy trading!

Weekly Recap

The Grail worked extremely well again this past week. We will be starting this week with zero open trades. I was able to close everything Friday. Here is a recap:

EUR/CHF: This trade never got going. If you recall as of last Wednesday I was looking for a good exit. I got it, I was able to exit at the entry so this trade resulted in 0 pips. A success in my book.

USD/CAD: Was hoping for better, closed this out when it stalled at 1.1612/16 range for the umpteenth time. Officially closed @ 1.1612 for +24 pips. It then dropped pretty good, I got out at the right time.

GBP/USD: Both target points hit after surviving s/l by 1 pip earlier. 1st lot +43, 2nd lot +93, total +136.

Weekly total: +493 pips. whoohoo!

Totals:
Week#1: +521
Week#2: +118
Week#3: +493

The Grail rocks!

Will not be taking any trades tonight. Good Luck, and happy trading.

Two new trades

I did leave some pips on the table yesterday. I used to get quite upset over this, but I have learned to forget about it. With the uncertain nature of the BOJ Statement yesterday I believe it was the right thing to do. On to the trades, we are now back to 2 lot trades:

EUR/CHF: almost stopped out last night, I am now looking for a decent exit as I believe this trade may never materialize.

New Trades:

USD/CAD: long@1.1600, s/l 1.1535, 1st tgt 1.1650, 2nd tgt 1.1690.

GBP/USD: long@ 1.9547, s/l 1.9460. 1st tgt 1.9590, 2nd tgt 1.9640. Will be watching the stop on this trade, may lower it a bit as this is a pretty tight stop on this pair.

Their are a few more pairs that The Grail is close to confirming, will keep everybody posted. Happy trading.

*****REVISION*****

7:58 pm***REVISION***

With the upcoming BOJ decision I have decided to have a stress free night and lock in some nice pips. I have revised all YEN trades. The revisions are as follows:

EUR/JPY: closed @158.12 for +42
GBP/JPY: closed @235.30 for +65
USD/JPY: closed @120.30 for +25

I was stressing too much about the BOJ and the feeling that they will raise rates. I'll bank the +132 pips. New weekly total is +333. I may leave some nice pips on the table, but can't dwell. Anytime I can bank over 100 pips in a day, I can't complain.

And another!

Welcome to another week of The Grail. I have been on an extended weekend in New York for some much needed rest and relaxation. I have not even glanced at the charts to see if there are any new trades. Will start trading again tomorrow.

Lets review the open trades:
EUR/CHF: still giving strong signal, will let it ride.
EUR/CAD: starting to move in our favor, looks good.
EUR/AUD: 1st tgt pt. hit @1.6675 (+61) s/l hit after moved to 1.6720 (+16) for a total of +76 pips. Not a bad way to start out the week.

Running totals:
Week #1=+521 pips
Week #2=+118 pips
Week #3= +76 pips (ongoing)

I am very happy with these results. As long as I follow the rules, I should see consistent profits every week. Happy trading.

St. Valentine's Day Massacre!

WOW! St. Valentine's Day was the suck. I didn't follow my own rules and it bit me in the ass, again. The big loser was the GBP/JPY long. My cardinal sin-I did not wait for all the signals. I jumped the gun, something I had sworn to never do again. I was sure the pair was going to fulfill all requirements of The Grail and figured I would get a head start, I then changed the s/l hoping to salvage the trade. That was mistake #2. As I have posted before, it is the trader not the system. Stick by the rules!

The one thing I love about Forex is that it is a never ending learning experience. Some lessons are definitely more expensive then others, but always worth the price. Lesson learned. Stick to the system! Lets recap yesterdays events:

EUR/AUD-still going nowhere, a bit in the red but signals still good.

EUR/CAD-After diving, is starting to climb back up, still in red but signals look good.

GBP/JPY- This bad boy did a nose dive after very bad GBP Retail Sales numbers. Hit my revised s/l (stupid move-had nothing to do with system) closing 2 lots for -498. Not good. Lucky for me I was watching this mess unfold. As it blew through the 50% retracement I took a 2 lot short @234.50, closed @ 232.60 when the pair started to stall a bit for +380. End result of this debacle -118 pips. Could and should have been much worse, I was lucky. I was testing a 1 hour strategy and happened to catch it when it broke through the Fibo and was able to get some pips back. as far as The Grail-neither the long or the short was by the book, would have been much better if I had followed my own rules. Lesson definitely learned. See what the system gives, not what you want the system to give.

GBP/USD-I waited for The Grail to give me the signal. Went long 2 lots@ 1.9550 with a tgt of 1.9700. After the US TIC Report at 9:00 am it spiked up and I decided to get out @1.9600 for +100. Called it a day after this trade.

By looking at the end results of the day one would think it wasn't so bad. -18 pips is not a terrible day, but I was lucky. I broke my rules and didn't suffer to much. I shall never break the rules of The Grail again, repeat after me, I shall never break the rules of The Grail again!

One new trade strictly from The Grail- EUR/CHF short@1.6221, s/l 1.6305, tgt pt. 1.6150. Will close 1 lot @ 1.6180 and move s/l to 1.6195. Good Luck!

Happy Valentines Day

Happy v-day to everybody, I hope it is a good one. The EUR/AUD trade is a bit in the red as we speak. This one could get a little dicey. I may move s/l up to around 1.6900. I have a feeling it may spike before heading back down, kind of like the USD/CAD trade last week. I am going to play this one by ear. Today we have to trades:

GBP/JPY- long@ 237.09 s/l@ 235.15 1st tgt pt. 238.25, will then move s/l to 237.39 with a tgt pt @ 239.25. ****REVISION*** s/l moved to 234.60, just under the 50% retracement from the 228.05 to 241.49 move up.******

EUR/CAD-long@ 1.5302 s/l 1.5198 1st tgt pt. 1.5350, will then move s/l to 1.5312 with tgt pt. @ 1.5402.

I am also watching GBP/USD very closely as The Grail is on the verge of giving a signal, looking for a retracement down into the low 1.95's where I will go long with a tgt pt. @ +1.9700.

Remember these are my trades, please use caution when trading. Forex is a very volatile market and in know way am I responsible for any gains or losses that may be incurred while following my trading style. As always Good Luck!

More Success!

Another good trade using The Grail. trading is much easier when you stick with a system, when you have confidence in a system. This, I think, is the difference between success and failure. Stick to your rules, follow your system, whatever it may be. I don't believe the system makes the trader, rather the trader makes the system. A good system is useless if the trader can't stick to the rules. A good system is useless if the trader doesn't follow sound money management. To be a success one must stick to the rules and follow good money management rules. It really is that simple. On to the trades:

AUD/JPY: 1st lot hit 93.75 (+30), moved s/l to 94.00. 2nd lot was stopped out for +5. Total on this trade +35. I'll take it.

New trade: EUR/AUD short@1.6736, s/l@ 1.6840, 1st tgt pt. 1.6775, will then move s/l to 1.6720 with tgt pt. @ 1.6615.

I will discuss more on the stop/loss and target points soon. Keep checking back.

Another good one!

All right, another good trade for The Grail. So far no losses, very impressive. I have a ton of confidence in this system. Let's get down to business:

EUR/AUD-closed 1st lot @ 1.6810 for +68, 2nd lot hit s/l after moved to 1.6775 for + 33. Total=+101. Great trade!

One new trade today: AUD/JPY short@ 94.05 s/l@ 95.70, tgt pt @ 92.80. Good Luck.

*Revision-Upon further review of this trade I am moving s/l to 95.00 and tgt pt to 93.40, will close 1 lot @93.75 and move s/l of 2nd lot to 94.00. We will see how it goes.

A New Week

Ok, a new week and so many possibilities. I am placing just one trade today, their are a few others that are close to fulfilling all parameters, but I am only taking trades that fulfill 100%. I didn't backtest this pair as much as I would have liked, but it was profitable.

EUR/AUD: long@ 1.6742 s/l@1.6635 tgt pt. 1.6850. Will close 1 lot upon breach of 1.6800 and move s/l to 1.6775. Good Luck!

Acted to soon!

Bummer. USD/CAD hit the new target point, and then continued down like I thought it would do days ago. +60 pips is not bad, although it could have been much better. We are talking roughly +180 or so. Oh well we win some and we win some bigger. I'll be happy with 60 pips. This brings the 1 week total of The Grail to +521 with no losing trades. Woo hoo! On to next week.

Internet down!

Sorry. My internet has been down since early afternoon. I believe it is time to get a backup provider. This is a good reason to never trade without a stop-loss. On to the business at hand, let's review the trades:

USD/CAD: Still ranging, not really going anywhere. The spike that I anticipated did happen although the retracement has not been as deep as I expected. I will close both lots @117.95. This pair was the worst performing in the backtest, I may discontinue trading it until we get some clear direction.

EUR/USD: Second lot closed out @ s/l for +10 pips. It then rebounded quickly, it happens, I'll take the profit. Total on this trade +40

EUR/JPY: Nice trade. 1st lot closed out @ 157.50 the initial target point for +52. Forgot to trail stop and 2nd lot closed out @ 158.25 for +127. Total +179. Excellent

Due to the internet being down for so long I have placed no trades today. it has been a very good week and I will stick by the plan of only opening new trades upon beginning of the days' new candle. Grand Total for the first week of The Grail: +461 pips, with one trade still open. i am very pleased with this performance, it is even better than I expected. I am really looking forward to next week. I will play with exit points a bit this weekend to try and fine tune, but will not drastically change anything as it is working fine. I will explain some of the methods to this madness this weekend, I think you will find it very beneficial.

Rolling right along

Ok, new day and one new trade. For reference there will be days with many trades, days with a few trades, and days with no trades. The key is to stay disciplined. When there are no trades, I can't go hunting for one. This has always been my Achilles heal. I want to trade, I need the fix. I would have a great week going and then make a trade that really didn't fit the profile. We all know what happened next. Bad trade, let the losses run trying to get back to even, positive week turns negative, blahhh. We have all been there. I have changed my ways, no more I say! Follow The Grail (hope this name isn't already taken, I kind of like it). The Grail will show me the way. So on to the trades. First updates on the open trades:

USD/CAD-Still in the red, have moved s/l to 1.1900. I believe there may be a short lived spike towards 1.1870 before a nice retracement. Definitely do not want to make a habit of moving s/l on trades in the red, but after scrutinizing the charts I believe this is warranted.

EUR/USD-Closed 1 lot @ 130.10 (+30 pips) and moved s/l to 129.90 (trailing) locking in +10 pips. Have lowered target to 130.40. I was concerned about this trade but it has turned out very nice.

New trade today: EUR/JPY long @ 156.98 s/l-156.20 tgt point 158.25. Will close 1 lot and move s/l 157.10 upon break of 157.50.

Don't forget about the BOE Interest Rate Statement upcoming. It could be a wild ride, although I would be very surprised if they hike again this soon.

Day 3

Day 3 and all is well. The Grail seems to be performing as I expected it would. I know it is early but I am very excited about the system. Lets get on with it.

Updates on open trades:

USD/CAD (short @1.1825): Trade still open, not much happening. Will stick with this trade per the system.

USD/GBP (short @ 1.9662): Closed second lot @ 1.9600 for a grand total of +162. Excellent trade.

EUR/USD (short@1.2962): 2nd lot hit s/l for +10 after coming very close to target. Total on this trade +50.

EUR/GBP (short@.6590): Closed both lots out @ .6575 after stalling. Total +30. Still a very good trade on this pair.

Running total as of today +242 pips with USD/CAD still going. Only 1 new trade entered today:
EUR/USD long @1.2980 s/l 1.2910 tgt. 1.3050. Will close one lot upon break of 1.300 and move s/l to 1.2990. This is a bit of a risky trade as the signal is not as strong as I would like, but in backtesting the Grail, it is one that I factored in. Time will tell. Good Luck.

I will be discussing this system and some of the details in due time. Right now I am trying to fine tune it, the hardest part is the profit taking. I am fine tuning this part of The Grail, trying to maximize the pips without risking to much profit. More to come.

The Grail!

The grail, The name of my new system. We shall see how it goes. I am only trading with this system. I will not be free-lancing. Discipline is the key. I have back tested this and believe it will be successful. I am extremely confident in this system.

I will be posting trades and updates as close to 5pm est as I can. All trades will be made at 5pm. I will check them periodically as I hone the profit taking part of the system. All trades will consist of 2 lots. Lets get going.

I started yesterday upon the opening of a new candle by my broker. Trades entered yesterday:

EUR/USD short@ 1.2962 s/l 1.3064. Closed 1 lot @ 1.2922 (+40), moved s/l to 1.2952 locking in +10 pips. T/P is 1.2900 where I will trail the stop.

GBP/USD short@ 1.9662 s/l 1.9745. Closed 1 lot @ 1.9552 (+100), moved s/l 1.9652 locking in +10 pips. T/P is 1.9535, will trail stop @ 1.9590.

EUR/GBP short@ .6590 s/l .6623. T/P is .6570.

Todays trades: Only 1 trade today.

USD/CAD short@ 1.1825 s/l 1.1880, t/p 117.50. Will close 1 lot @ 117.95 and move stop to lock in 10 pips on 2nd lot and trail stop @117.50.

24 hrs into the grail system and have locked in 160 pips, not bad. This system will have some ups and downs, like any other system, but my backtesting has shown me that over time, and with good money management, this system will kick ass. Stay tuned! How about them Colts, nice!

LIVE! LIVE! LIVE!

I have finished the testing phase of my new system. I am very anxious to get the ball rolling. I will start trading the system next week. I can't wait. I will try to post trades as soon as I make them. Most all trades will be entered at 5:00pm est. Hopefully we can all make some pips of this. Next order of business is to name the system. I will have something by Monday. Any suggestions please feel free to email.

I have done very little live trading this week. My USD/CHF long trade stopped out for -20pips, bummer, this has been a tough pair to trade this year. I did enter USD/CAD short Monday night and closed out for 40 pips. Yesterday I got lucky and caught GBP/USD long for 100pips after it retraced down to the 1.9620's and then shot up to 1.9737. Crazy news this week. Today I had EUR/JPY for 30 pips, but had -40 pips on a EUR/CHF trade. All in all a decent week. I will not trade tomorrow, market will be very volatile due to the US NFP (NonFarm Payroll). I will take my positive week and call it good.

The NonFarm Payroll is a measurement of all new jobs created in the last month excluding the farming industry. This number really moves the market. A rising trend is good for the greenback, a declining trend is bad, obviously, for the greenback. It is forecast to come in around 146k which is about a 20k decline from November. I would not bet on that number, the forecasts are rarely correct on this. The NFP is so important because it is the first report of the month that relates to labor conditions. It can set the tone for the entire month of trading. I will watch it, just won't trade it. Next week is the week. Every trade will be based of the new system, there will be no deviations. I am excited!

Testing

The weekend was very beneficial to my long term forex career. I have done extensive back-testing on a couple of pairs. I have found that so far the new system looks very good. I will continue to back-test a few other pairs. I hope to have 5-7 pairs that I can reliably trade with this new system. Once completed I will post trades and results strictly from this system. As I mentioned earlier, the system is a hybrid of a few different systems. I am looking for the holy grail so to speak, and I may have created it. We will find out.

Trading this week will likely be slow. I am putting most of my efforts into back-testing the new system. Today I closed out the EUR/GBP short of my target point. Closed @ .6609 for a profit of 21 pips, which is a decent haul on this pair. Have initiated one order tonight: USD/CHF long@ 125.22 s/l@125.02, no target point yet, want to see how this plays out. I may short USD/CAD if it gets near the 118.50 range. Patience on this cross. Happy pips to all!