Monday, February 1, 2016

Mesa Trading Method Blog: HAPPY FEBRUARY

London Session: Goal Reached!
Daily Goal: 20 pips OR $10.00 USD
Projected Equity Goal for Today: $1,052.40.
Actual: Equity Goal Reached: $1,057.07
$100K Goal Date: 8-5-2016

$1,000,000.00 Goal Date: 10-27-2016

To see the MYFXBOOK page, click HERE.

Trading Summary
Traded both USDCAD & GBPUSD.
Trade 1: Long USDCAD. Stop loss hit. We lost -.57% ( a bit more than 1/2% or -20.9 pips)
The FAPWINNER Trade Manager is an AWESOME trading tool to have. :)
















Trade 1: Long GBPUSD. Exited trade +31 pips. Exited due to news release less than 2 minutes away.


All of The MESA Method indicators have been removed from the chart below, so all you see is the price action itself.


After the loss on the LONG USDCAD, and the close of the LONG GBPUSD, we were able to net out 1.41% ROI, or 13.5 pips.
This is reflected in the GLOBAL numbers.

The MESA Method was traded almost flawlessly..except for 1 mistake. I did not adjust my emergency stop loss properly on the LONG USDCAD trade, so my lot size was VERY small, which actually bode well in my favor, which means I took a smaller loss.

All in all, the London session of the market was good to me.  




LONDON US OVERLAP
Trade 1: Long GBPUSD. We took MESA Pattern 1 trade, and bailed on it shortly after opening the trade, because a news release was too close. We picked up just a few pips, but that cemented our pip count at +20.6, and edged our ROI up to +1.82%.
















Session Summary For Monday February 1, 2016

Daily Goal: 20 pips OR $10.00 USD Achieved. 
Projected Equity Goal for Today: $1,052.40.
Actual: Equity Goal Reached: $1,061.33
$100K Goal Date: 8-5-2016

$1,000,000.00 Goal Date: 10-26-2016

By picking up those few extra pips, we shaved 1 day off the million dollar goal date!
FYI: do you see the total time? That's right. We traded 7 Hours, 15 minutes, and 54 seconds. 
Treat Forex trading like a job, and you will be well rewarded. 



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