"...every single one
of our trades is a fusion of both fundamental and technical analysis.
We also believe that money management is just as important as the
entry, which is why we practice defensive trading. This means we try to
bank profits as often as possible regardless of the size and reduce our
risk in the market as early as possible. In order to achieve this, we
usually trade lot sizes in multiples of two (2). There is always a
first target (known as T1) and a second target (known as T2). It is our
rule of thumb that whenever T1 is reached, we move our stop on the
remaining position to breakeven (the entry price) so there is no longer
any real risk and we have banked a portion of the profits. This allows
us to NEVER TURN A WINNER INTO A LOSER."
Below is the performance since I started tracking on December 20th, 2006.
Forex Project - Forex Trading System - Kathy Lien and Boris Schlossberg
Month
Pip P/L
Gross P/L
Total # of Trades
Total Winning Trades
Total Losing Trades
Total Even Trades
Avg. Winning pips
Avg. Losing pips
7
62
$551.3
4
3
1
0
35
-42
8
-97
$-764.2
19
9
10
0
20
-28
9
22
$-112
17
8
9
0
27
-21
10
6
$90
4
3
1
0
18
-49
Total
-7
$-234.9
44
23
21
0
Forex Project - Forex Blog - Lien Schlossberg Trade History
