Monday, February 5, 2007

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!

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