STTS Weekly Summary 12 July 2014


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A positive P/L week with 3 STTS signals issued: 2 closed trades and 1 failed to trigger by just 2 pips.
 
1 Winner, 1 Loser, 1 Not Triggered
 
Profit: +1.5 x Risk
 
WEEKLY STTS SUMMARY
DATE MARKET POSITION OUTCOME P/L *
03-Jul-14 GBPJPY Short Win +2.5R $250.00
10-Jul-14 XAUUSD Short Loss -1.0R -$100.00
10-Jul-14 AUDUSD Short n/t 0 $0.00
* Assuming R (Risk per Trade) = 100$ TOTALS +1.5R $150.00
B/E = Break Even            n/t = Not Triggered
 
Last week we anticipated possible dollar strength resumption after the previous week's rejection of higher prices in the USD Index. We were initially correct as the index lost ground but then recovered at the tail end of the week, closing at 80.18 (only 10 cents lower on the week).
 
Notably price remained contained inside the long wicked candle of July 3rd and closed right in the middle of the Bollinger bands (high 80.63-low 79.78), just below a very flat 200 day average.  Price action could not be more undecided, and this is why we are maintaining a relatively low profile in the markets right now. In these choppy sideways markets overtrading can kill you so we are very selective in our recommendations, at the risk of course of missing some opportunities.
 
This past week we were looking to sell EURUSD into strength, which was the right approach but we missed out because we hoped to sell a bit higher up. Next week we will be looking at this short again.  Also we successfully predicted a downward rotation in the Aussie which we missed out intraday. We then issued an STTS Limit sell on a pull back on Thursday which failed to trigger by a mere 2 pips. We will also be looking at this scenario again early next week.
 
                                          USD Index Sep Future - Daily Chart

 
Since Inception: 94 STTS alerts (closed)
 
32 Winners, 42 Losers, 20  Not Triggered or closed at Break Even
 
Profit: +14.35 x Risk
 
STTS WEEKLY CUMULATIVE SUMMARY
Week ending Winners Losers B/E or n/t P/L *
10-Jan-14 0 1 0 -1.0R -$100
17-Jan-14 3 3 1 +2.3R $230
31-Jan-14 4 2 0 +2.2R $220
07-Feb-14 2 2 0 +2.2R $220
14-Feb-14 No STTS due to MT4 upgrade 0 $0
21-Feb-14 3 1 1 +4.4R $440
28-Feb-14 1 2 3 -0.2R -$20
07-Mar-14 3 4 0 +3.25R $325
14-Mar-14 3 2 1 +2.3R $230
21-Mar-14 1 3 3 -0.68R -$68
28-Mar-14 1 1 0 +2.07R $207
04-Apr-14 2 0 2 +4.12R $412
11-Apr-14 0 2 0 -2.0R -$200
18-Apr-14 1 1 1 +1.0R $100
25-Apr-14 0 2 2 -2.0R -$200
02-May-14 1 1 1 -0.74R -$74
09-May-14 0 2 0 -2.0R -$200
16-May-14 0 1 0 -1.0R -$100
23-May-14 0 3 0 -3.0R -$300
30-May-14 0 2 0 -2.0R -$200
06-Jun-14 1 1 0 +1.0R $100
13-Jun-14 2 1 0 +2.63R $263
20-Jun-14 0 1 2 -0.5R -$50
27-Jun-14 0 2 2 -1.5R -$150
04-Jul-14 3 1 0 +2.0R $200
11-Jul-14 1 1 1 +1.5R $150
TOTALS 32 42 20 +14.35 R $1,435
* Assuming R (Risk per Trade) = 100$
B/E = Break Even            n/t = Not Triggered
 

NB: The above scenarios are only what we at TFF believe have a high probability of success. There are no guarantees and past performance is NOT an indication of future performance. If you choose to trade, do so at your own risk and never risk money you are not prepared to lose. Before placing any trade, we strongly recommend you watch our Risk Management Video, in conjunction with reading our Disclaimer.