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 16, 2009

16 February

A low faring week this week...

So price hits my top line signalling me to go long.



I enter the trade at 1.27802, about 4 pips too late.

Profit target is at 37 pips above my signal line at 1.2815. However, since I executed the trade late, my profit will only be 33 pips if Profit target is hit.

Stop Loss target is also 37 pips below this line at 1.2741. (See Chart)


Price remains on top of my signal line until 11 p.m.

My trade gets stopped once my Take profit level is hit at 1.2815 between 10 - 11 p.m. (See chart)


Thus, [33 pips - 5 pips] x $0.25 = $7.00

Nothing to celebrate about but at least I am still in the green.

Isnt Monday trading just so magical?

I am thinking of upping it to $0.50 per pip next Monday. Lets see how it goes...

Sunday, February 15, 2009

13 January - 15 February

I have not been trading for almost a month.

First I went for my Chinese New Year trip to KL

Then I had 2 Weeks of NAtional Service Reservist.

I was analysing my Charts for the past 3 weeks. Every Monday had been profitable. Wasted opportunities. Anywayz, I will trade tomorrow (16 February) So stay tuned.

And please leave some comments. I feel so alone here.....lol