It is the beginning of august and therefore it is time for me to update the performance report for my self formulated break the bands strategy for the month of July 2015

First of all, I must say that this strategy did not have a lot of trading opportunities for the month of July 2015 but it remains as a profitable strategy as a whole so far for me since 2009.

Before I go through the details of each trades, below is an email I have received from one of the students last month.

The student actually use my strategy on other currencies besides the EURUSD, GBPUSD, GBPJPY and USDJPY and he had a good results from using it.

8 Wins, 1 Lose and 2 Breakeven and I am very happy for him. Personally I have never used the strategy on the EUR/AUD as I only focus on the EURUSD, GBPUSD, GBPJPY and USDJPY, but I am glad that my strategy also works on other currencies as well.

The main purpose of this report is to show you guys that it is really possible to make a decent income from trading if you have a good strategy on hand.

In addition, this is to let students of my Forex Street University see if they had taken the exact trade as me so that they know whether they have missed out any trades or not PLUS they can check if I am lying in the performance report or not.

If you have taken a look at the Forex Street University course, you should know that I have given a 130% refund policy for anyone who pinpoint a fake winning trade on my performance report. This is to show you how confident I am about my strategy as well as how real this report is.

There are a lot of lousy forex courses in the market that are created by marketers and not real traders and I used to be a victim of such courses when I am new to trading a few years back.

In order to take the risk off all students, I have added this 130% refund policy into the course. However please take sometime to go through this report.

Information about Break The Bands Strategy

The Break The Bands strategy is formulated by me for my own trading and you will not be able to learn it elsewhere. Do note that personally I used this strategy only on the 15 minutes chart but feedback from students tell me that it works pretty well on other time frames as well.

Do note that this strategy does not have 100% winning percentage. In fact, all my strategies do not have 100% winning percentage as there are no such strategy on earth. If you want to become a profitable trader like me, you will first have to realize the fact that there is no way you can win 100% of the time.

What we traders look for is a strategy with at least 70% winning percentage and risk reward ratio of 1:2. With such a specification, you will find that you will be profitable every single month in trading like me.

Some readers thought that break the bands strategy is just as simple as waiting for the price to break the bands and they are absolutely wrong. There is a process where you need to use to verify if the trade is valid or not. This is to prevent you from getting into more losing trades and this is a techniques that I have derived over the years to allow me a lot more winning trades than losing trades in this strategy.

Below are the details of each trade

EURUSD

• 1st July 2015 : Breakeven

• 9th July 2015 : Breakeven

GBPUSD

• 12th July 2015 : Breakeven

• 14th July 2015 : -25 pips

• 23rd July 2015 : Breakeven

USDJPY

• 2nd July 2015 : -25 pips

• 13th July 2015 : +50 pips

• 14th July 2015 : +50 pips

GBPJPY

• 3rd July 2015 : +50 pips

• 21th July 2015 : Breakeven

• 29th July 2015 : +50 pips

Profit & Loss Report

Profit so far = 4 x 50 pips = 200 pips
Loss so far = 2 x 25 pips = 50 pips

Total Profit = 200 – 50 = 150 pip

The break the bands strategy made me 150 pips profits so far (equivalent to $1,500 based on trading 1 standard lot).

Like what I have said at the beginning of this post, there are too few trades this months and due to the volatility of the market, we are getting more breakeven trades in the end.

However my other 5 strategies made me 725 pips from 1st to 15th July 2015 and in total, I made 875 pips of profits for the month of July 2015.

For those of you who are still struggling in your trading, you can take a look at my Forex Street University Course where you will learn the exact strategies that I am using to trade everyday.

To take the risk off all my students, I am offering a 130% refund policy for the course. If you find a single fake winning trade that I have posted, I will refund you 130% of the course fee.

Click Here For My Forex Street University Course

I understand that a lot of you have been very cautious when looking for a forex course as there are a lot of lousy courses that are created by marketers trying to make money from those of you who are interested in trading. These people are not real traders and this explains why those strategies that they teach do not work. In fact, I have purchased several low quality courses when I am new to trading and therefore I understand your concern.

You can take a look at my course but do not rush into buying it, have a feel of the way I teach in those articles and videos in this blog before you decide if this course is for you. There is no point in getting a course where you do not like the teaching style. 

For those of  you who are not in any forex course and are still struggling in your trading, you can take a look at my Forex Street University Course below

If you will like to learn how to trade from me, you can take a look at my Forex Street University Course below

Click here For My Forex Street University Course