A Great Post Vacation Start
by Trader Rich
I got back from my mini-vacation on Sunday and started to get back into the swing of things with the Forex world last night. I've been testing a system of mine that has well defined rules for a while now and decided last night to put it into production. Right now I'll just call it the H-system and it only involves trading the GBP/USD. It turned out to be a nice winner for me today:
2 lots profited 30 pips each for a total profit of 60 pips or $600.
1 lot profited a total of 43 pips or $430.
Maybe this long overdue vacation was needed because it's nice to come back and make my biggest profit on 1 trade in a long time, $1030.00.
I'm remaining cautious though since this was the first day I traded the H-system with real money. I had a post last week where I had come to the conclusion that I must have well defined rules for a particular system that are not deviated from. This is not a discretionary system but does require manual intervention for stop loss placement once the position is open on the first 2 lots and stop loss placement and target limits for the 3rd lot.
I'm still trying to catch up on a lot of emails and other things so hopefully I'll have some more posts in the near future.
Thank you. The nice words are always welcome and it’s comforting to hear that others are listening. I wish you the best of luck also in your trading. Hopefully we can both become successful doing what we love.
Hi Rich,
Being an aspiring fx trader myself, I have been constantly checking your blog for the frequent and selfless info you’ve been posting..
Let me congratulate you on today’s impressive results – I am sure that with all your hard work and diligence, one day you’ll wake up and say to yourself: “Hey, I think I GET this!”.
Good luck.