Daily Live Trading Session – Aug 19, 2010
Aug 19, 2010 – Live Forex Trading Room – Following a disappointing Philly Fed Index number, the yen strengthens. As Eur/Jpy falls to oversold levels, Sam takes a retracement trade on Eur/Jpy that nets +14 pips onthe first half and he closes out the position with +12 on the second half.
Total for session +13 pips, equalling 1.3% account growth. For the 4 trading days this week (currently not trading Fridays) we have gained +57 pips, for approximately 5.7% account growth! That is an average of 1.425% account growth per trading session! If we could maintain this average over just 200 trading days, we would turn $10,000 into $170,000! (compounded daily). That is averaging only 14 pips per day!
Here are the Timestamped Transcripts (London Time)..











