Secret Forex Trader Results.
Ok, the site is now live and first two buy/sell zones were published last week (1st December 2009). I was alerted via email as soon as they became available (an SMS service is coming very soon I am told)
The first alert was a buy zone for the US Dollar against the Swiss Franc. This alert was sent to me on 13:40 on Wednesday 2nd December.
This was the chart uploaded to the members site
Ok lets see how Trade One did:
Here we see the same data with my own charting package on day one of the trade
Price action quickly moves up but retraces as did not get the momentum.
The trade then went sideways for a whole 24 hours but never got close to our stop loss
At last, the result we were hoping for which came in around lunchtime on Friday 4th December.
The trade actually went on even further but we took our trade out at the second profit zone for 170 pips as we are working with a strict trading plan and not allowing for greed/fear to take over. If you had staked £10 per pip that would have equated to £1700 tax free. Even a trade of only £2 per pip would have netted a very healthy £350.
This is how the usdchf are trading as at the time of writing this, so there was more to be had but we are very happy with this trade.
Ok lets move onto the second trade.
Again I was alerted to this trade via email on Thursday 3rd December at 11:08 am, this time for a potential trade with the EURO verses the Dollar
This was the chart uploaded to the members site
Ok the same chart loaded into my charting package with a one hour candle (again the last candle represents the time the alert was sent as per the email above)
The time now 6pm and the first two take profit targets have been breached after an initial loss situation, time to move the stop loss to the entry level.
Again a little sideways movement as with the usdchf. It is worth noting that the usdchf and eurusd will mirror each other to some degree.
Finally, the break we were waiting for and the second longer term take profit hit very quickly again at the same time on Friday lunchtime.
Once again there was a lot more in this trade but we stick to the rules and take our profits on the second suggested longer term take profit area. A total of 180 pips gained.
Also out of interest, look how closely the candles bumped off the Fibonacci retracement lines as resistance in this trade. These lines could have been added as early as 6pm on December the 1st by using the lowest candle wick from November 27th at 7am.
Well it has to be said the first two results were astonishing, both had very little draw down at any time and made huge gains. A total of 350 pips in one week!!! Depending on the size of your initial bank, you could have very easily made anything from £350 from a £1.00 stake with a maximum risk of around £70. Or if you a had larger bank and staked £10 per pip, you could have grabbed £3500 with a maximum risk of £700.
Lets see what the next buy and sell zones give us.
