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!


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!