Q2 2014 Forex Trade Performance

After a couple of days of number-crunching and head-scratching, I’m finally done with my trade performance review for the second quarter of 2014. Take a look!

Trading Performance

DATE TRADE IDEA P/L in pips P/L in %
Apr 10 NZD/CHF Break and Retest of .7600 +120 +0.51%
Apr 23 Chance to Short EUR/AUD -100 -0.54%
May 7 AUD/NZD Resistance 0 0.00%
May 20 EUR/AUD Short -150 -0.50%
May 22 AUD/USD Trend Changing? Missed Missed
May 28 NZD/USD Heading to .8400? Missed Missed
June 5 EUR/CAD Retracement Canceled Canceled
June 10 Trading the RBNZ Rate Statement Canceled Canceled
June 17 EUR/AUD Divergence Play +10 +0.10%

No. of Trade Ideas:  9
Trades Triggered: 5
No. of Wins: 2
No. of Losses: 2
No. of Break Even Trades: 1
Win %: 40%
Average Gain Per Winning Trade: 65 pips / 0.30%
Average Loss Per Losing Trade: 125 pips / 0.52%

Started strong, finished… okay! While I’ve still got so much to improve on in my trading performance, I think my account fared better this quarter compared to my Q1 results. For starters, I was able to improve my win percentage from 25% to 40% and average gain per winning trade from 0.01% to 0.30%.

My average loss doubled though, as I took a nasty hit with my EUR/AUD short setups. Fortunately, the third time proved to be somewhat of a charm as I managed to escape with a small win when I exited this trade early.

I missed out on a couple of good trade opportunities in May, as I failed to catch the moves on AUD/USD and NZD/USD. I think I wasn’t feeling too focused in the markets back then, which explains why I was hesitant to take some valid setups that I spotted. At the end of the day, it seems that trading confidence is still an issue for me and that I would need to ramp up my efforts to improve on this.

Got any other tips that could help me improve my trading this third quarter? Let’s hear ’em!

Cheers,

Happy time

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  • Clusiot

    I’m not saying I’m cool or anything but I grew my account 53.9% in Q2 with my neopolitan system! Of course it’s easier to be successful with a puny little account like mine but I’m only trading in my third year.

  • Yeah! Trading confidence is an issue I’ve been struggling with for quite some time already. I think I’m able to spot good setups most of the time but I always hesitate or cancel altogether. Thanks for taking the time to give your insights on this, I really appreciate it!