and I feel like I have a lot to "give back". One of my goals for is to become more active in writing on this blog again either from a beginning stage or just trying to move to a new level in their trading.

In fact, if you have any questions regarding trading that I might be able to help you with feel free to drop me an email to the Gmail account associated with this blog.

It's simply "forexprofitmonster" at Gmail. Written that way to cut down on the amount of spam received. Not only will I try to answer your email but it may provide the inspiration for a post here on the blog. Some of the people who contact me also want to know what happened to my website that was attached to this blog forexprofitmonster. The answer quite honestly is there wasn't much use for it anymore and so I shut it down. I decided at the beginning of last year to stop selling Forex Profit Monster, not because it's not still a quality system or that I don't use it anymore, but because interest in it had waned to the point where it wasn't worth my time to continue to offer it.

It seems people who trade are only interested in the "newest, hottest thing" and FPM was almost 10 years old and therefore didn't fit that category anymore even though it was working as good as ever. So I pulled the plug on not only the website but selling it on eBay.

So if you're one of the people who contacted me wanting to buy FPM my apologies but I don't check on this blog enough and may not have gotten your message for weeks or months after it was sent. The good news is if you're still looking for a profitable system that can be traded in just a few minutes a day I may, for a VERY short period of time, offer a new system that I've been trading for the past couple of years.

More on that to come. If interested you can let me know through the above email address and I'll contact you when I decide to make it available. On to the main reason for this post the results from I'm going to make this short and sweet I think this a pretty big accomplishment considering I didn't really trade that much in Forex in Most of that So far to start I'm also happy to say I've seen some nice moves in the U. Dollar that already has me ahead by 4.

And this is just in the part of my portfolio that I track for these results So that's it for the results for the section of my portfolio that I manage with FPM and here's to posting more often in ! Happy New Year to all and best of luck in your trading in Posted by Forex Profit Monster at AM No comments:. Labels: Trade Results , Year End Results. This portfolio will remain the same each quarter unless stated otherwise.

All results INCLUDE transaction costs THIS IS REAL LIVE TRADING so all costs, spreads, slippage, interest rate swap, etc are included in the results. The final results are in, and I finished the year up While it was a spectacular year, I do see some changes in store for me in The amount of money that I am currently trading is actually getting to be a respectable amount for a retail trader anyway :-P. I've come a long way from the guy who started out with less than a couple thousand dollars several years ago so, as of this post I've changed my time frame from the 4 Hour chart to the Daily chart.

The reason I was trading the 4 Hour chart to begin with was to increase my opportunities and grow my account faster. As far as I'm concerned I've accomplished this and now I'm more interested in reducing some of the transaction costs and equity curve volatility by trading less.

and now would be a good time to continue them on the Daily time frame. I am also considering making some changes to the portfolio that is currently being traded after doing some research on a new system. I feel there are some pairs that have performed well over the past years on both Forex Profit Monster and the new system and will likely be adding them in the very near future.

The size of my account will also allow some additions to the portfolio so again, the timing is right. heck, it even put some brokers out of business R. Alpari UK. In fact my own broker, FXCM, almost went belly up as well I was moved from IBFX to FXCM last summer when Monex Group decided to end its MT4 retail Forex arm of the business. It was a close call, but FXCM has gotten a new influx of capital to continue operations and there is even a rumor that they may try to "revive" Alpari UK to give themselves a foothold in the brokerage business in England.

With all that happened last week because of the Swiss "ambush", the news wasn't so bad for me personally. USING THE PROPER SIZE FOR YOUR ACCOUNT AND NUMBER OF VEHICLES YOU'RE GOING TO TRADE. and it was thousands of dollars in open equity profit not really much in the way of cash after I was able to close out the position. What this adds up to is while I lost a lot of open equity profit over this mess I'm really only down a couple of percentage points from where I finished and only a few hundred dollars in cash.

My new mantra for now is " it could have been worse I figure if I can weather an event like the CHF revaluation and keep earning double digit returns that I may just be in this game for the long run. For me this fiasco was a confidence builder yes, even after all these years of trading it's nice to build your confidence through events like this! This is a marathon for me, not a sprint or worse, depending upon someone else to provide "investment returns" that I'll be living on. Here's hoping you survived "Hurricane Swissy" and if not, consider it a life lesson.

Get up, dust yourself off, find a little more risk capital and start trading with more confidence that with the knowledge gained you can probably withstand a "Black Swan" like that next time. If you have any questions just send me an email through the website and I'll be happy to lend an ear as much as I legally can :- Jim www. Labels: Black Swan , Drawdowns , Swiss Franc Revaluation , Swiss National Bank depegs from Euro , Trade Results , Trend Following , Year End Results.

It's been a WILD trading ride for me this year probably the wildest since , not long after I started this blog. The markets continue to fascinate me and even though I consider myself so much more knowledgeable now then I did back then, I continue to learn each and every day.

During that learning included more instruction "outside" of my own observations and self-teaching. I built upon my recent professional mentorship from last year by spending the spring of this year taking two online college courses one in finance with Nobel prize winner Robert Shiller at Yale, and another in behavioral economics with Dan Ariely at Duke.

I learned a lot from both and have found ways to put their teachings to use in my own work in systems development and daily trading activities. From the end of into I spent 8 months in a HUGE drawdown. For the way I trade I really considered it a losing month as well. Read that again I said that's all that was left! I'm not going to lie and say I took it all in stride there were a few times where I questioned if the past decade had all been a waste of my time.

Then came July. The U. Dollar started getting some legs and I started seeing some trends start. economy and talked about the end of Quantitative Easing and maybe even the beginning of interest rate hikes in late the Dollar gets even stronger the trends really start to kick in. Then the European Central Bank head Mario Draghi goes on a rant about the Euro and defending Europe's economy by devaluing the Euro Dollar gets stronger so do the trends.

Then PM Abe in Japan does the same says he still won't allow a strong Yen because Japanese export based businesses won't be able to compete amongst the other Asian countries trends really start to move. Although I'm not in the prediction game, being human I do have opinions and am pretty sure I'll see these trends continue into even if we experience a small correction along the way. Even with all of my focus and training on the psychological and risk management side, I was still questioning my methods and systems.

The difference is I had the discipline to stick with them and come out the other side. I've said it and experienced it before and hope that it's a long, long, time before I have to go through any drawdown that large again :- Usually I end these posts with an opportunity to purchase my trading systems. I got too busy to keep up with the eBay listings last year and basically stopped selling for awhile.

I'm considering offering them back in at a lower price as I've been doing some work on another system that I feel performs just as well if not better that's even easier to trade.

More information on that in Happy New Year, and I hope you learned as much as I did in ! Jim www. Tuesday, February 25, Forex Profit Monster Results 4th Quarter and There was a lot of volatility in this quarter especially in December.

At one point the returns for the quarter were almost double what they finished as. I contribute this extra volatility to the "big money" money managers making changes in their positions and portfolios for the coming year.. and this volatility usually continues into January. After 7 years it doesn't get any easier to watch some "paper gains" disappear, but if you're going to be a successful trader you must understand you will never capture every pip of a move.

The goal is to grab as much of the "middle" as you can and to not let your emotions cause you to enter or exit a position early or late. This accounts for the extra profits captured in Q4. Here's an equity graph of the account balance during Q Of course the end of the 4th quarter also brings an end to the year, and here are the numbers for overall:. Max Drawdown: Here's the equity curve of the account balance for Thanks for following along and best of luck in your trading!

and now would be a good time to continue them on the Daily time frame. I am also considering making some changes to the portfolio that is currently being traded after doing some research on a new system. I feel there are some pairs that have performed well over the past years on both Forex Profit Monster and the new system and will likely be adding them in the very near future. The size of my account will also allow some additions to the portfolio so again, the timing is right.

heck, it even put some brokers out of business R. Alpari UK. In fact my own broker, FXCM, almost went belly up as well I was moved from IBFX to FXCM last summer when Monex Group decided to end its MT4 retail Forex arm of the business. It was a close call, but FXCM has gotten a new influx of capital to continue operations and there is even a rumor that they may try to "revive" Alpari UK to give themselves a foothold in the brokerage business in England.

With all that happened last week because of the Swiss "ambush", the news wasn't so bad for me personally. USING THE PROPER SIZE FOR YOUR ACCOUNT AND NUMBER OF VEHICLES YOU'RE GOING TO TRADE. and it was thousands of dollars in open equity profit not really much in the way of cash after I was able to close out the position. What this adds up to is while I lost a lot of open equity profit over this mess Below are some screenshots of the system in action. The first picture shows you generally how the system works:.

The entry criteria is simple wait until all FDM indicators are green at the close of a candle after a large green FDM Alert Arrow for a long trade or all indicators are red after a large red FDM Alert Arrow for a short trade. As you can see, there is no discretion involved in how to enter a trade, but there is a little involved in how to exit a trade.

These include indicator based strategies like shown above. Just like in Forex Profit Monster you can choose to use Support or Resistance as an exit strategy. See how Forex profit Monster filters out some bad entries and quickly identifies a newly established trend? And unlike other day trading systems, you won't be overtrading. Even though this is a short term system, you may only get valid signals a day trading the higher volume hours of just before and during the European session and during the New York session 2 am to 5 pm EST.

Forex Day Monster also keeps the losing trades small so far in my experience you can have three losers per winning trade and still show a profit!

skip to main skip to sidebar. Wednesday, January 13, Official Year End Results. The answer is yes I am still trading and in fact it's what I love to do and I don't see myself ever stopping. I've gained A LOT of experience over the past decade since designing the original "Forex Profit Monster" trading system and I feel like I have a lot to "give back".

One of my goals for is to become more active in writing on this blog again either from a beginning stage or just trying to move to a new level in their trading. In fact, if you have any questions regarding trading that I might be able to help you with feel free to drop me an email to the Gmail account associated with this blog.

It's simply "forexprofitmonster" at Gmail. Written that way to cut down on the amount of spam received. Not only will I try to answer your email but it may provide the inspiration for a post here on the blog. Some of the people who contact me also want to know what happened to my website that was attached to this blog forexprofitmonster.

The answer quite honestly is there wasn't much use for it anymore and so I shut it down. I decided at the beginning of last year to stop selling Forex Profit Monster, not because it's not still a quality system or that I don't use it anymore, but because interest in it had waned to the point where it wasn't worth my time to continue to offer it. It seems people who trade are only interested in the "newest, hottest thing" and FPM was almost 10 years old and therefore didn't fit that category anymore even though it was working as good as ever.

So I pulled the plug on not only the website but selling it on eBay. So if you're one of the people who contacted me wanting to buy FPM my apologies but I don't check on this blog enough and may not have gotten your message for weeks or months after it was sent.

The good news is if you're still looking for a profitable system that can be traded in just a few minutes a day I may, for a VERY short period of time, offer a new system that I've been trading for the past couple of years.

More on that to come. If interested you can let me know through the above email address and I'll contact you when I decide to make it available. On to the main reason for this post the results from I'm going to make this short and sweet I think this a pretty big accomplishment considering I didn't really trade that much in Forex in Most of that So far to start I'm also happy to say I've seen some nice moves in the U.

Dollar that already has me ahead by 4. And this is just in the part of my portfolio that I track for these results So that's it for the results for the section of my portfolio that I manage with FPM and here's to posting more often in ! Happy New Year to all and best of luck in your trading in Posted by Forex Profit Monster at AM No comments:.

Labels: Trade Results , Year End Results. Newer Posts Older Posts Home. Subscribe to: Posts Atom. About Me Forex Profit Monster View my complete profile.

are included in the results. More on that to come. Labels: Trade Results , Year End Results. Tuesday, May 15, The lower the time frame you are trading the more of an issue this becomes. There will be some slight changes Some small wins, some small losses

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