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October 2007

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NOTE: Trading range for statistics below is based on October 15th through November 15th.

Statistics

Statistic	Value
Number of trades	26
Wins	18
Losses	8
Hit Rate	69 %
Largest Win	32
Largest loss	27
Total PIPS	152
Maximum Drawdown	42
Days traded	17
Percentage Risk/Trade	1 %
Percentage Gain	6 %

NOTE: Largest win, largest loss and maximum drawdown are measured in pips.

October Journal

This trading period was particularly grueling and the statistics above agree. I maintained a 69% hit rate which is actually low for the pivot point system and I only managed a 152 pip gain. I moved the percentage risk/trade down to one percent. The normal risk/trade is three percent however I anticipated this period may be a little rocky. On the bright side I was profitable during a very tumultuous period.

Note: The Foreign Exchange market is the largest financial market in the world with an average daily turnover of 2 trillion dollars. It is thirty times larger than the combined volume of all US equity markets.

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Prior to trading any instrument you should carefully consider your level of experience and risk appetite. Do NOT trade based on recommendations from this site. We show you how to think for yourself. If you lose money be man or woman enough to accept responsibility for your own actions

Quote: George Burns