July 2017 statistics

Hello guys! July was the third month of my PRO FOREX COURSE. Let’s have a look at the statistics and see how it went:

INTRADAY TRADES

There were 34 intraday trades in July. 19 full profits, 7 full losses and 8 trades that ended before reaching full profit or full loss. My overall result was + 109.5 pips profit.

Some things to point out:

  1. The markets seem to be a bit “lazy” in the summer so there were quite a lot of cases when the market didn’t reach the level and turned 1-2 pips sooner. Some of my members started to take my intraday levels 1-2 pips sooner which worked pretty nice. It is not really a bad idea to adapt like this. However, one needs to be careful to switch back when the market behavior returns to normal.
  2. I also noticed that the markets sometimes turned just a tiny bit before reaching full profit target. This happened quite a lot of times. It is also caused by the summer “laziness” as I call it. For this reason it turned out to be good strategy to actively secure your position by moving SL when the price was getting near profit target.
  3. I was trading asian session as usual with simple limit orders. Unfortunately this wasn’t the best approach because I wasn’t able to actively secure my position. Because of the market laziness I missed some full profits just by a tiny bit and ended with a full stop loss. There were 4 winners 4 losers in asian sessions in July.

Here is a table and equity with all July intraday trades:

Results were generated using a Simulated Trading Account and are Hypothetical.

SWING TRADES

There weren’t many swing trade opportunities this month. I only had 3 trades: 2 winners and 1 loser. There could be 3 more wins but 2 of my levels got tested a tiny bit sooner and one level was hit during extremely significant macro news (RBA rate statement on the AUD) so I didn’t trade that one.

Here are the July swing trades:

* I am using the ALTERNATIVE SL APPROACH for my swing trades.

WHAT’S NEW?

There is a new cool version of feature called TD lines. It automatically draws and updates my intraday levels into my member’s MT4 charts. How cool is that! Thanks my friend Curtis who created this great feature!

This is how it looks like:

Almost forgot – I also have a new logo! I hope you like it 🙂

SUMMARY

Considering that it is middle of the summer, volatility is low, markets are lazy and there are less trading opportunities I am pretty happy about this month’s results.

Happy trading my friends!

-Dale

PS. If you would like to trade with me every day, you are very welcome to join me here: DALE’S PRO FOREX COURSE

5 Comments

  1. Ogunlana Oluwasegun

    Dear Dale,I really love your analysis and your volume profile you are using I will like to buy your profile indicator how will I paid ?.I want to ask if volume profile can be use to analyze Gold and sliver.

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