London Forex Rush Trading System Journal

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  • #1786
    ReviewTeam
    ReviewTeam
    Keymaster

    London Forex Rush Trading System Journal

    Click below to visit the website

    About This Journal

    Systems For Traders had to be rebuilt in 2013
    This system was on our Systems We Use list from Jul-2009 – Dec-2009
    This is a reconstruction of our journal including
    Key posts and comments from the original forum


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    #1789
    ReviewTeam
    ReviewTeam
    Keymaster

    ReviewTeam

    31-Aug-2009

    This is a summary of our trades from July and August.

    07-Jul GBP/CHF short 60
    08-Jul GBP/CHF short 57
    15-Jul GBP/JPY long 155
    20-Jul GBP/AUD short -46
    31-Jul GBP/CHF long -33

    July Profit = +193

    03-Aug GBP/JPY long 112
    10-Aug GBP/USD short 75
    11-Aug GBP/USD short -38
    13-Aug GBP/AUD short -50
    14-Aug GBP/JPY short 129
    20-Aug GBP/USD long -43
    21-Aug GBP/CHF short -33
    25-Aug GBP/CHF short 71
    26-Aug GBP/USD short 67

    August Profit = +290

    With an average stop loss of less than 50 and say 2% risk per trade, July profit = circa 8%, August = circa 12%.

    ReviewTeam

    30-Sep-2009

    Below is a summary of our trades for September.

    04-Sep GBP/CHF long 46
    07-Sep GBP/AUD short 88
    08-Sep GBP/AUD short -41
    10-Sep GBP/CHF short -25
    29-Sep GBP/AUD short -45

    September Profit = +23

    With an average stop loss of less than 50 and say 2% risk per trade, September profit = about 1%.

    Not very many trades and not much of a profit. But it was so little effort and, at the end of the day, a profit is a profit!

    ReviewTeam

    30-Oct-2009

    Below is a summary of our trades for October.

    09-Oct GBP/AUD short +87
    12-Oct GBP/AUD short +39
    13-Oct GBP/AUD short -46
    21-Oct GBP/JPY long +125
    23-Oct GBP/USD long -40
    28-Oct GBP/CHF long -38

    October Profit = +127

    With an average stop loss of just over 40 and 2% risk per trade, October profit = about 6%.

    ReviewTeam

    17-Nov-2009

    Please take note of the following commentary on repainting – this is only the second time we have noticed this but it may seriously affect those of you considering pure Set & Forget.

    Today was a bit of a rollercoaster for London Forex Rush. With GBP/JPY the signal is switching from Long to No trade, at 08:00 (UK Local time) we had a Long signal and then when the price headed down the signal disappeared, then when the price came up again the signal (Long) was back on again, and then off. In this instance the order will not be filled so it has not been a huge issue but confusing all the same and we just wanted to point this out. We are around to monitor this and so can take action, those placing trades and heading off to work may feel it prudent to exercise some caution.

    This is only the second time we have witnessed this happening and we accept that it will happen from time to time, we are around to handle it so it’s no major issue. As most of you know, we cannot ever get a response from support, so our choice is really made for us if we wish to continue trading this system.

    ReviewTeam

    04-Dec-2009

    Below is a summary of our trades for November, please note, due to illness we did not trade London Forex Rush from 25th November to 4th December 2009. Nonetheless still a quiet (boring) month for this system, and it’s first losing month too.

    17-Nov GBP/USD long -40
    20-Nov GBP/CHF short 0

    November Loss = -40

    With an average stop loss of 40 and 2% risk per trade, November loss = -2%.

    ReviewTeam

    30-Dec-2009

    Below is a summary of our trades for December.

    07-Dec GBP/USD Short +76

    December Profit & Loss (to date) = +76

    With an average stop loss of just over 40 and 2% risk per trade, December Profit & Loss (to date) = about +4%.

    ReviewTeam

    30-Dec-2009

    London Forex Rush was a system that really suited us. It was 10 minutes a day and it was profitable. It had drawbacks though, trades were infrequent and there was no formal support available at all. Additionally, as experienced by us and our forum members there was an occasional “re-painting” issue with the indicators. Trades have been and continue to be few and far between lately.

    For these reasons we have decided not to continue with this system into 2010, instead we will be running with London Forex Open which we have been running alongside London Forex Rush for the last 3 months. This is a system based on the same fundamental and technical principles as London Forex Rush but it has reliable indicators, a strategy for false breakouts and comes with formal support, our review can be found here


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