NY Time October Results
Here’s another NYTime trading system update, now that we’re at the end of October.
I wasn’t able to grab the figures for the last day (31st) because the day hadn’t been closed off yet. Apart from that though, the month has seen moderate profits of around 8.3% return.
NYTime Results for September 2009
This is just a quick update on our September trades using the NYTime system. You might remember that we had a few losses in a row near the start of the month, but overall there were a handful of good trades scattered throughout the month which saw us return a profit overall.
NYTime – Exit Strategy
Having covered the entry, initial stop loss and the money management rules for our time-based forex trading strategy, it makes sense that our exit rules should be time-based too. In this article I will explain when to move the stop loss to a safer position and also when to exit the position if not stopped out beforehand.
NYTime – Money Management
Most traders hear the term “Money Management” and assume it’s going to be the same old “only risk 2% of your account per trade” rule. I’m not saying that’s a bad rule, because it is very good and I use it myself on the majority of my trades. Also, it’s certainly a lot better than throwing 5% at a trade and if that doesn’t win, then throwing 10% at the next trade to try to recover your losses on the first one! This type of trading equals “account blow-up” in next to no time. No, the NYTime MM rules are much more interesting …
NYTime – Entry and Stop for Time-Based Strategy
This article follows on from past articles, describing our time-based forex trading strategy based on the NY session. From this point on, we’ll call this strategy “NYTime” for simplicity.
The Anatomy Of A Profitable Trading Strategy
Continuing on with our Time-based forex trading strategy, today I’m going to cover some goals that I would like the strategy to meet, as well as an overview of the components forming our trading strategy.
Stop Your Losses
In the last article I talked about developing time-based trading strategies and I gave you a few ideas to think about. Sometimes you just need to see or read about a different way of looking at the markets for it to trigger some inspiration, so I hope the article provided some food for thought.
Think Outside The Square With Time-Based Trading Strategies
I am excited to introduce all the readers of Winners Edge Trading to our new contributor Mark Thomas. He will be writing Forex Articles for this site along with me from now on. I have chosen Mark because he does his work and writing with excellence and that is what makes good Forex traders.
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