BANK FLOW WEEKLY RECAP
As I said earlier in the week the new format makes it easier
for us to track and report trades so here is the weekly recap
on the Bank Flow. Despite a few losses (which are part of
trading) we had a phenomenal week. 789 Pips total on closed
trades!!!
Several of the trades have multiple targets and we utilize a
scaling out process. Assuming you followed the directions that
Jonathan gave, your total on your best positions (including
losses) would be approximately 789 pips. There is a breakdown
below of the exact scaling out process. The 789 is not counting
each close separately, but merely taking the best close of each
position.
The trades that were called this week are as follows:
3/31/08 – Sell USDCAD 1.0278 – Closed partial for 24 pips, 0 on
rest
3/31/08 – Sell USDCAD 1.0288 – Closed for 75 pips or 61 pips
depending on limit
3/31/08 – Buy USDCHF 0.9880 – Closed partial at 50 and 210
pips, rest at 330 pips
4/1/08 – Sell EURJPY 158.00 – Closed for -40 pips
4/1/08 – Sell EURJPY 158.44 – Closed for -36 pips
4/1/08 – Buy EURUSD 1.5585 – Closed for 40 or 0 pips depending
on limit
4/2/08 – Buy EURUSD 1.5545 – Closed partial for 105 pips, 146
pips on rest
4/2/08 – Buy USDCAD 1.0158 – Closed for -40 pips
4/2/08 – Buy USDCAD 1.0080 – Closed for -50 pips
4/3/08 – Buy USDCHF 1.0082 – Closed partial for 45 pips, 0 on
the rest
There was a trade from the 19th of last month that Jonathan
decided to close also. This trade provided significant profits:
3/19/08 – Sell NZDUSD 0.8145 – Closed partial for 35 pips, then
220 pips and rest at 295 pips
This week there were a few more losses than we normally
experience (4) in a single week due to volatility building into
Non-Farm. However, Jonathan cautioned traders (specifically on
the EUR/JPY trades) to only enter if you had profits built from
prior trades because he felt there was additional risk
involved.
If you have not trialed our Bank Flow service yet, click on the
link below to get started.
