Trading Signal Updates- Jan. 28, 2014

By: John Ursus

Trading Updates – December 2013/January 2014

Here are the updates to trades we recommended in December 2013 as well as January 2014:

November 18th + December 9th – USDJPY Signal

Two trades were entered in this currency pair; one on November 18th at 100.00 and the other one on December 9th at 103.50; both trades were closed on January 27th at 101.75 for a combines net profit of 0 pips which compares to floating trading losses in excess of 275 pips during our previous update.

USDJPY 12814

November 25th – AUDCHF Signal

This trade was entered on November 25th at 0.8250 and exited on December 2nd at 0.8300 for a total profit of 50 pips as the stop loss order was triggered which protected profits.

We started out free signals in August 2013 and for the five months ending December net profits generated by those signals total 1,575 pips for an average of 315 pips per month based on an average of three trades per month or an average net profit per signal of 105 pips.

AUDCHF 12814

December 18th – AUDUSD Signal

This trade was entered on December 18th at 0.8850 and exited on January 13that 0.9050 for a total profit of 200 pips as the stop loss order was triggered which protected profits.

AUDUSD 12814

January 6th 2014 – AUDNZD Signal

This trade was entered on January 6th at 1.0775 and closed on January 16th at 1.0575 for a total loss of 200 pips as our stop loss order was triggered.

AUDNZD 12814

January 13th – AUDUSD Signal

This trade was entered on January 13th at 0.9025 and closed on January 23rd at 0.8825 for a total loss of 200 pips as our stop loss order was triggered.

AUDUSD2 12814

January 20th – USDCAD Signal

This trade was entered on January 20th at 1.0975 and closed on January 23rd at 1.1075 for a total loss of 100 pips as our stop loss order was triggered.

USDCAD 12814

Trading Summary

Our total trading losses in January total 300 pips as one trade was closed for a profit of 200 pips while two trades were closed for a loss of 200 pips each while one additional trades was closed for a loss of 100 pips. January’s loss reduces our total new profits down to 1,275 pips. We have no open trades remaining from our trading signals and will seek to recover our 2014 losses starting next month.

Professional trader and technical analyst with over one decade of experience. John believes that being a successful trader means you have to be in the minority and defy what is popular. Trading is an art form and not science and there are more myths about trading than there are successful traders.