Yesterday was one of those days where you as a Professional Forex Trader just needs to focus and perfect your trading skills. Back-testing is king it is where Professionals spend a great deal of their time making new trading systems and increasing their trading skills.
Yesterday was no exception to the rule. I usually spend 1 hr a day back-testing. I’m in the process of developing a new Forex Trading system, in addition to the Only 20 pips Forex Trading system for my students, clients and Forex Traders in general.
Those who know me know that I love to counter-trend trade. It just fits my personality. At the same time (after polishing and perfecting over 16+ Forex Naked Price Action Trading System) there really isn’t any type of trade I will not venture into as long as they fit my trading rules. In terms of scalping I using my automated Only 20 pips Forex Trading system for that. Having a 86% win rate I am really comfortable it’s Set and Forget strategy.
This new Forex trading system is strictly about counter-trend trading with a set 1: 1.5 RR. Right now it is early in the development stages but showing a tremendous about of potential. Below are the up-to-date statistics:
I plan on back and forward testing it with the aim of a fixed 1:2 thus far it does look like it is achievable and maybe even more. We shall see.
The Spot Forex Market is extremely volatile. The issues with the China Stock Market and Oil in general is causing a lot of fluctuations, coupled with the fact that this is the end of the month for financials as well so please be careful in your trading decisions.
Ralph Waldo Emerson said Do not go where the path may lead, go instead where there is no path and leave a trail.
Yesterday I traded the Only 20 Pips Forex Trading System several times both in Demo and in a Live Forex Account. I recently deposited $500 into this account for the purpose of doing something that I have not seen personally in the Spot Forex Trading world and that is to take $1,000 and turn it into $1,000,000 in 4 years. Well the gauntlet has been set by FXALTareeq and we will do it.
This video is the precursor to that challenge as I briefly outline this endeavor based on yesterday’s trades. History is about to be made with the Only 20 Pips Forex Trading System:
Several new potential trades forming. We have many pseudo Kangaroo tails as well as a Rhino has been spotted today. The Forex Naked Price Action Rhino Trade is a very interesting trade to trade with a 1:3 RR on it. I also have an EXTREMELY important announcement at the end of the video that
many of you have been waiting for!
Again I am thoroughly testing the Only 20 pips Forex Trading System to the maximum before I release it to the public. I am in the process of protecting my rights of this system so that it will not be readily available on the Internet without my authorization. That means it will be software protected to the best of my ability, because I believe that this Forex Trading system will be very lucrative to those who will be using it to trade. This trading system has time and time again demonstrated a high win rate percentage and yesterdays results are no exceptions.
There were 12 trades that triggered yesterday. There were 11 wins and 1 loss. 220 pips gained with a win rate 92%.
Here are the results for the Only 20 pips for January 19, 2016.