Last week in review

Last week during the G8 summit, as usual we had not a decent week, ended up so far this month with only 25 pips for the entire period, seems this happens when G8 is running.

as a review there are 3 major styles of trading we use,

1) Pivot entries, using the Resistance and support/ pivot as targets with indicators on entries.
2) indicators only using only the indicators for entry with a trend.
3) 4hr oscillating entry.

for the past couple of months major pips have been gained on the 4hr oscillator, this is mainly due to the overall status of different pairs. Lets RECAP:

a majority of pairs are in 10-20 and even 37 year limits on highs and lows, this causes some market consolidation as each of these pairs jostle to find if this is going to be the extreme limits of the last few years or not.

As we watch these pairs, what we need is a bit of patience, lets see if the consolidation happens and if we gain a new trend from there. right now only trending is within larger oscillations so careful analysis is in order.

so far our gains are:

current Month:

34 trades, 15 pos, 19 neg; 44% success rate; 411 pips gain, 395 drawdown, net Gain +16

Current Quarter (2):

192 trades, 103 Positive, 85 negative, 54% successful, 4302 pips, 1969 drawdown, net gain 2333 pips.

1st Quarter;

687 Trades, 368 positive, 318 negative, 54% success rate, 18219 pips, 7974 drawdown net gain 10245 pips.

2007 year:

810 trades 429 positive, 377 negative; 53% success rate; 20474 pips, 9308 drawdown; net gain 11166 pips;