DDFX Forex Trading System Results – 5th to 9th September 2011

To learn more about the DDFX Forex Trading system click here

I’m behind in my updates on the DDFX Forex Trading system due to some family issues to deal with.. however,  I have been trading the signals as they come along. It does take a bit of work to put everything together so I hope you understand. I’ll write up each week in 1 post to keep the format the same.

Ok, the week of the 5th to 9th September, I traded the GBPUSD and EURUSD forex pair. First up, the GBPUSD pair.

The first entry was a short which I felt pretty confident about, the market has been in a downtren the signal came. It bounced around for a few hours and then it fell 50 odd pips! I had moved my stop to breakeven and annoyed that it hit… zero pips first trade. The second short entry was a few hours after I had closed my previous short. If I hadn’t been stopped out of the previous trade, this would have been a great trade. Anyway, I got 46 pips on this on.. I got out after the first blue bar appeared.

Another short followed and it was a loser… cost me 35 pips! Grr! On the close, I actually reversed my position due to a long signal..I thought this could have been a larger rally as it had looked as though the sellers were running out of steam. How wrong was I, I took another loss here for -20.

There was another short entry as you can see but after the last two trades, I didn’t feel that the market wasn’t behaving so I didn’t trade it. This proved to be an excellent trade and would have brought plenty of pips… however, I can’t count this as I didn’t trade it so it was more of a fault of mine rather than the systems!

Total -31 pips for GBPUSD

The EURUSD chart already opened lower and was trickling lower but there was no entry until Tuesday. I had placed an order at the low of the first red bar as below but it didn’t trigger… that was lucky as it would have been a loser! Nothing happened until Thursday and I shorted for 100 pips! The market fell further after I had closed my position but hey, can’t complain, in profit for the week at 100 pips on 1 trade!

Total for the week 69 pips!

To learn more about the DDFX Forex Trading system click here

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Category: DDFX, Reviews, Trading