“Huck loves her bucks!” I always say. The problem, of course, is how to make those bucks!! In this blog, I'll be posting my adventures as I traverse the forex world, while trying to catch some pips along the way. To do this, I will make use of classical charting methods as well as develop my own After a successful second quarter, the third quarter proved to be a struggle. I ended up big loss, as I only had 2 winning trades and a significant number of losing trades. Below is a brief rundown of all my trade ideas for Q3 2012.
| Date | Trades | Gain/Loss |
| 7/4/2012 | GBP/USD: Trading the BOE Interest Rate Decision | +0.44% |
| 7/11/2012 | USD/CHF: Upward Trend About to End? | -1.00% |
| 7/26/2012 | Retracement Play on EUR/USD | -1.00% |
| 8/1/2012 | GBP/USD: Will the Rising Trend Line Hold? | - |
| 8/13/2012 | Bearish Confluence on EUR/USD? | 0.00% |
| 8/15/2012 | GBP/USD: Trading the Ascending Triangle Breakout | -1.00% |
| 8/23/2012 | USD/JPY: Riding the Downtrend | - |
| 8/30/2012 | EUR/USD: A Pre-Jackson Hole Summit Analysis | +1.53% |
| 9/5/2012 | EUR/USD: Eyeing support at the Rising Trend Line | - |
| 9/21/2012 | USD/CHF: Eyeing Resistance at .9300 | -0.80% |
| 9/26/2012 | GBP/USD: Looking for a Better Price to Short | -1.00% |
| Total | -2.83% |
What happened?
Looking back at my trades, I noticed that I fell into the same old trap I did in Q1 2012. I kept entering without confirmation and focused too much on technicals. For instance, in my first USD/CHF trade for the quarter, the trend was upwards and sentiment was risk averse yet I jumped in.
There were also times that I got in too late. I forced to go with the trend even though it was extremely overextended. As a result, I ended up getting stopped out on the pullback.
All in all, it it seems that I tended to focus too much on one specific thing in my trades and failed to see the bigger picture. For the coming quarter, I have four trading resolutions:
1. Always consider the macroeconomic environment
2. Wait for sufficient confirmation
3. Avoid going against the overall trend
4. Get a boyfriend
Okay, so the last one isn't a trading resolution... but hey... you never know... It could help my trading. Right?!?
In any case, that's it for this week. Next week, I'm going to do a review of my HLHB Trend-Catcher 3.0. Let's see if it was profitable in Q3 or not.
XOXO,
Huck
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Related Posts:
- HLHB Trend-Catcher Q3 2012 Results! 00:00 02 November 2012
- Huck's Q1 2012 Trading Review 00:01 05 April 2012
- HLHB Q2 2012 Trading Statistics 19:41 13 July 2012
- Huck's Q4 2012 Trading Review 03:53 27 December 2012
- HLHB Trend-Catcher Q1 2012 Performance 00:01 06 April 2012
