End of Month stats for Forex 121

Yesterday was the end of the first 3 weeks with Forex 121 & the month end so just wanted to make a few observations about it. The first thing to say is the results i’ve had speak for themselves and the vast majority of the pips i won were made on 1 days trading.

To be honest there seems to have been only 5/6 days of serious trading all month with Dan writing a lot of days off early doors.  I’ve reproduced an email posted on the blog by one of the members of the service which, as you can see, shows he’s made 942 pips.   Most of those trades are following Dans calls in the room and the rest are made using the strategy on his own.

Impressive stuff but Dans is at pains to say his service is first and foremost training and mentoring – he wants to create self sufficient trainers rather than just provide a signal service but its personal choice i suppose. Some may just choose to stay and follow the calls indefintely – its not the worst idea in the world and Dan is now adding an Asian session room from 10pm to 10.30pm to look at the Asian markets and also ensure there are no potential set ups missed overnight.

Theres also going to be an SMS text service so you can enter or adjust your trades whilst your out and about. There will also be the launch of the trading bot later this month which is expected to average 400 pips a month.

Looking at the way 5/6 of the daily charts are lining up its looking like it could be a really good week next week and looking forward to trading with this service long term.

More info here

Hi Dan

Below is a list of the trades I have taken in the last two weeks of being with you. Frankly I am staggered how my trading has turned around, having gone from consistently losing to consistently winning, and my losers being much smaller than my winners. Its not just been following the trades posted either, its been taking the principles and looking for set ups. So big thank you 🙂

GBP/USD 70
GBP/NZD 40
EUR/USD 105
GBP/USD 11
NZD/USD 25
NZD/USD -16
USD/JPY 30
GBP/NZD 30
EUR/GBP 91
EUR/CHF 20
GBP/JPY -15
EUR/CHF 50
EUR/USD 40
EUR/USD 100
WS30 100
EUR/JPY 100
SILVER 50
NZD/USD -5
USD/JPY -5
EUR/CHF 60
EUR/USD 25
EUR/JPY 22
WS30 40
GOLD -11
USDJPY -15

Thats a total of 942 pips! I’m looking forward to growing my account so that thats a lot of money as well as being a lot of pips!

I came out of several trades too early because of either not wanting to give profits back or I thought a trade wasnt going anywhere. Called those wrong quite a bit so focusing on learning in that area. I am also very keen to understand correlation more. Ive probably jumped into some trades too early as well, so watching that.

So needless to say, I am glad I signed up!

Heres a link to my statement for the past 18 days or so
http://www.iddesignlab.co.uk/Forex121statement29062011.htm

Profit +545 pips since 13th June

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