ITLFx Foreign Exchange trading: July 2012

Monday, 30 July 2012

Monday 30Th July Trade Results

Hi All

Today's trade results $60. Not much else to say really except it is a good start to the week (-:

Steve

Friday, 27 July 2012

Friday 27th July Trade results.

Hi All

It has been a difficult few weeks trading.

We did ok this week tho. Early on in the week we took $30 or $40.

Today we made about $100. Click on the image to enlarge and see our profit today.

I will update the Google spread sheet asap.

Steve.

Saturday, 21 July 2012

Hi All

As our account is now growing at a more rapid pace i am finding that the stress levels are going up and it is a hindrance to our profitability.

From now on i need to Guarantee that no one loses any money from our trading if things go Boobies up (-: which i am NOT expecting but the thought of that is holding me back lately.

So i need a helper. Basically i would like someone to step forward and help with the money side of the account. Anyone?????

For the next few months i would like all of our profits to be diverted to one of the share holders until everyone's deposit is covered in the event of the above Boobies up case lol. So until we reach our deposit amount i will transfer our monthly profits to the volunteer's account.

This will take a lot of pressure of me as i will not need to concentrate on the money side of things and i can concentrate on trading.

In other words if i mess up no one loses and the Volunteer has the cash to pay everyone back what they deposited if not more. We currently have approx 30 investors.

If no one volunteers then i will find someone. If there are multiple volunteers then we should vote on who does the job and holds our deposit.

This way i get less stress while trading and everyone feels more comfortable with there investment.

Anyone interested please email me.

Steve


Wednesday, 18 July 2012

Trade Results Wed 18th July 2012

Hi All
Trading has been a bit difficult lately as we are trading in a tight range and the setup's in the morning are not happening as early as they were.

It goes in cycles so hopefully it will be better conditions soon.

Anyway we made $60 today. Click on image to enlarge.

Steve

Saturday, 14 July 2012

Hi All
Friday we made $70 by entering 2 positions on the Eur\Usd pair. Click on image to enlarge.

The plan was to reverse the trades for that news announcement but it happened so quickly i missed the entry and it was too risky to take the trade after that.

I'm not sure exactly how much we made last week but it is in the region of $90 to $100.

In the next few weeks i am going to open a spread betting account in the UK because i was charged a small fortune transferring our new balance to the US account.

It was always the intention to do this anyway if we became consistently profitable because with a spread betting account you do not need to pay capital gains TAX. The US account is not tax exempt.

Steve

Tuesday, 10 July 2012

Trade Results 10th July 2012

Hi All
Sorry i have not posted for a while but i have been busy.
Last week we took a couple of small losses but do not worry as this is expected now and again.
Our in built risk management takes care of that no problem.
Yesterday was quiet being a Monday and there were no trades to be had.
Today we made approx $89 which is more than we lost last week so we are still profitable this Month so far.
Click on the image to see the trades we took today.
I am expecting more USD strength tomorrow but we shall see in the morning.
Steve

Sunday, 1 July 2012

Hi All
I have been busy and quite tired this week so we have only took 3 trades.

The first one was two pairs USD\CHF and EUR\USD we lost $60.

Then we took a trade on USD\CHF and the EUR\USD making $104.

The third was on the EUR\USD only and it made $20.



Next week i hope to be more active and i will be sending everyone a new google doc with everything up to date including our new deposit due on Friday 6th July.

After the funds have been deposited i will work out our max lot size we can trade inside the 3% to 5% rule we need to stick to.

Our goal for now is to trade 2 mini lots ($2 Per Point) on each trade and add another lot when our account increases to that level and we can manage the risk.

Steve