What is the New York Box Strategy?

This Forex strategy is pretty simple. I have back tested it with some impressive results. I will now start trading live and post my results here for all to see, evaluate and comment.

The Strategy: Click here to read about my Strategy. Strict Money Management Rules is the ONLY Holy Grail in Forex. See how I play this game.


Monday, February 23, 2009

23 February

So check it out! My first time playing at $0.50 per pip (Thanks to my confidence in the high win rates for the past few Mondays!)

The price hits my signal line at 1.2790 at 9 p.m. signalling me to go short.



The range between my 7-9 p.m. box is 1.2847 - 1.2790 = 57 pips.

At around 9 p.m., I executed a short trade at 1.2790.

Stop Loss Target was at 1.2847 (57 pips) Risk

Take profit target was at 1.2733 (57 pips) Reward (includes spread)



To put a long story short, between 11p.m. - 12a.m. Price sailed through my take profit target.



Thus, profit for today;

1.2787 - 1.2733 = 57 pips

57 pips - 7 pip spread = 50 pips

50 pips X $0.50 = $25

There is definitely something magical about my system and the forex markets on Mondays folks. I believe I have stumbled upon something new.

Till next Monday...happy pipping!






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1 comment:

lazie said...

this is really neat, looks similar to london breakout. may i know if you are still updating your trades? thks!

May 25, 2009 at 11:03 PM

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