Track Record 2008

Starting Date: 3/17/2008 Starting Balance: $50,000.00

Cumulative Performance Since Inception: (not including current month)
Number Of trades: 47
Positive Trades: 31
Negative Trades: 16
% Positive: 66%
Performance in pips: +928 pips
Performance in $: $9,280.00
Current Balance: $59,280.00
% gain/loss: 18.56%

(Details on every week and Month can be found in the corresponding archive for that period)


JUNE 08

Number of trades: 8
Positive Trades: 5
Negative Trades: 3
%Positive: 62.5%
Performance in pips: 201 pips
Performance in $: $2.010
% Gain/Loss: 4.02%

MAY 08

Number of trades: 17
Positive Trades: 12
Negative Trades: 5
% Positive: 70.5%
Performance in pips: 267 pips
Performance in $: $2,670
% Gain/Loss: 5.34%%

April 08

Number of trades: 18
Positive Trades: 11
Negative Trades: 7
% Positive: 61%
Performance in pips: 300
Performance in $: $3,000
% Gain/Loss: 6%


March 08 (only includes 23-30)

Number of Trades: 4
Positive Trades: 3
Negative Trades: 1
% Positive: 75%
Performance in Pips: +160
Performance in $: $1,600.00
% Gain/Loss: 3.2%

Corbanfx Week End Review 3/24-3/28/08

It was a good week for us helping us close out the month with a profit. We had a net gain of 96 pips. Here's how it all went down:

Monday : Holiday...No Trades
Tuesday : One Trade for +26 pips (3 lots= 78 pips)
Wednesday: One Trade for +47 pips (3 lots= 141 pips)
Thursday : No trades
Friday : One Trade for +23 pips (2 lots= 46 pips)

TOTAL: 3 trades, +96 pips (265 pips)

Friday 3/28/08 Daily Update

Three in a row!

Well today was another good day for us and our strategy netting us a 23 pips gain. The main trend since 8 pm EST last night had been down so I was only looking for short trades. At 9 am we got a crossover as well as down trending stochastics, RSI<50 and MACD was positive losing value. Beautiful!! We sold at the open of the next bar and got filled @ 1.9973. Stops were set at previous swing high which was 2.0018 (it was 40 pips away so I had to adjust my amount of lots so as to not go over my 2% risk) I set my initial target at the next 50 level which was 1.9950. That was 23 pips away. On the next bar our target was hit and we had our 23 pips.

I won't have charts up today because I usually get them off Pip surfer and he isn't trading in the last 2 days..so sorry but if you are reading this you probably know how to pull up your own charts...

I am not very good with the computer, copying and pasting and all that good stuff.. so anyone who wants to tell me how to transfer my charts to this blog, let me know.

Well that's the end of trading for this week..I will post results for the week and start the track record for monthly..
Talk to you soon.

Thursday 3/27/08- Update

Another day with no trades!

Today I didn't get any signals. Not because there weren't any but because the only one came at 1:15 am and I was not available. I guess again it worked out to my advantage because we would have been stopped out for a loss of about 11 pips. Pip Surfer wasn't trading today so I guess it is the first day we both get the exact same result...

Anyway we still got one more day for the week and that's it for the month as well..

Talk to you soon.

Another up day!

Well, I gotta say I was sleeping when for some unknown reason I opened my eyes and saw the chart making the crossover for a long trade at 3:00 am. That gave me about 5 minutes to read the signals, check my main trend and calculate where my stop would be. I got in at the open of the bar 2.0053 and I put my stop at the previous swing low, 2.0015, and my target at 2.0100 OK, so I actually decided to go back to sleep, but I set my alarm for 5:20 because I knew that the MPC Treasury Committee Hearings was going to come out at 5:30 am and I wanted to make sure I was out of the trade at the hour. It was a beautiful thing when I woke up to see that the target had just been hit. +47 pips. Anyway, the news was going to hit, and I knew more news was going to hit at 10 am. (and honestly, I was extremely tired since I don't have alerts set up and I am in a whole new schedule because of this trading) so I decided to go back to sleep and call it a day. In retrospect, it worked out since there were no more signals.

This time Pip Surfer only got 3 pips more than I did because he entered at 2.0050. Again, showing that trading systems and strategies differ by the human element. I sound like a Dow Chemical commercial...

Well, all in all, this week is going good so far...but trading has a way of humbling you when you get to comfortable..we'll see what tomorrow brings.



Here's today's charts for those of you who are more visual!

Talk to you soon.

Don't call it a comeback!

Welcome back from the long weekend! It was a good day today, netting our system a 26 pip gain. As per what I saw, the 4 hr. chart made it clear that we were in an uptrend. At 7:30 am we had a crossover towards the upside, stochastics were trending up, RSI>50 and MACD was negative gaining value. This means go! So I got in at the next candle open (actually I got a better price) at 1.9924. I set my stop at the previous swing low which was 1.9901 and set my target at the next 50 level 1.9950. The PT was hit and we were filled at the price 26 pips higher. That's that! Now, for my daily retrospect on the differences between two traders and the importance of interpretation of signals. In the blog of Pip Surfer, it is shown that at 1:45 am there was a valid signal. I saw it as not valid because I interpreted that there was not a crossover per Se, but rather two EMA being equal. He got in the trade because at some point the line did cross but later went back to even I guess. All in all, he was able to get in at 1.9912, which means 12 pips below me..representing a difference of 46% higher profit than I did. I made 26 pips...he showed 38 pips.

In any case..we made a profit and I am hoping to give you some more good news this week. Until then, here are the charts for today if you want to follow along. Talk to you tomorrow.