Posted by: joetradingplace | April 25, 2013

Weekly Update

Our last trades were on Monday and we havent had a trade since then…gbpjpy, eurusd and eurnzd looks like they are setting up for us. We had three trades from the 11th and Audchf was stopped out on Monday for a total profit of 320 pips…so we are still long Gbpaud and Euraud. These two weeks have been very slow, but we have managed to keep our head above water by cutting our losses.

We recommend our clients to risk 1 percent or less, but there are some more experienced clients who are risking more. All traders have different risk tolerance, so in the end you do whats comfortable for you. For our own accounts, we are risking between 3-5 percent because we have more confidence with our trading methods. The trading performance on this blog is only based on risking only 1 percent per trade.


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