WEEKLY SUMMARY: 12/10/18
Firstly welcome to the new Club members this month. We still have some places open, as membership is limited
The week was going well with six trades, until the loss on AUDCHF. After the fact is always easy but maybe with the plunge on the stock market would have rested on the day.
But even with the loss we still had a positive outcome for the week of nearly 3%.
IMPORTANT: Although this has been stressed to all Club members we use Break Even levels in both our MagicFibo and ADR strategies. With MagicFibo we use the 47.2% level and ADR 50% of the target. Although it can result in some trades returning a “zero” return, the piece of mind that you can no longer lose in a trade we believe is worth it. We have developed our own Trade Manager which is available as an addon. Alternately there are several Trade managers available freely at Forex Factory.
From May we have also started a challenge tracking one standard lot invested for a minimum return of $48000 for a year non-compounding. That is an average of $4000 per month.
So far we averaging around $5200 a month.
Balance To date $27856– Balance This Month $1739
Positions for the week and month can be reviewed on the result page here.
Current chart patterns make it difficult for us to confidently enter the market. Suggest we let things settle for a few days.
TMS Trade Manager Release with added new profit target for MagicFibo strategy.
Article "Slow and Easy "
Our first trade for 2019 - CHFJPY +66 pips
TMS Club membership is now open with a first-month introductory offer. For information and access proceed here.