Whew! I finally caught a good break with my Q3 forex trading performance. Here’s a quick rundown of my trades for the past three months.
|DATE||TRADE IDEA||P/L in pips||P/L in %|
|July 2||EUR/AUD Divergence Play||+10||+0.10%|
|July 8||GBP/AUD Channel||Canceled||Canceled|
|July 16||NZD/USD Area of Interest||Canceled||Canceled|
|July 25||EUR/NZD Correction||+150||+0.37%|
|Aug 6||AUD/NZD Double Top and Channel Resistance||-150||-0.54%|
|Sept 4||GBP/CAD Trend Line Play||+100||+0.16%|
|Sept 17||GBP/NZD Upside Momentum||+550||+2.31%|
No. of Trade Ideas: 7
Trades Triggered: 5
No. of Wins: 4
No. of Losses: 1
No. of Break Even Trades: 0
Win %: 80%
Average Gain Per Winning Trade: 202.5 pips / 0.74%
Average Loss Per Losing Trade: -150 pips / 0.54%
Total P/L: +660 pips / +2.40%
I was off to a bit of a weak start for the quarter, as I started out with a near-breakeven trade and a couple of canceled setups. I guess I was still feeling a bit cautious back then since my trading performance in Q2 2014 was shaky.
Afterwards, forex volatility and trends started to pick up, paving the way for clearer biases against the euro and in favor of the pound. In particular, the Scottish referendum results and the relatively upbeat U.K. economic performance allowed me to take advantage of rallies in GBP/NZD and GBP/CAD. Comdolls got hit when risk appetite weakened and the Greenback emerged as the king of the hill, thanks to speculations of Fed tightening.
As my forex trading performance began to improve and trends started to get stronger, I decided to up my risk per trade later on and put 1% on the line, allowing me to get a larger return on my last trade setup for the quarter. I’m a bit disappointed that I was a tad greedy with some setups, as I aggressively added to my position but wound up getting stopped out. At the end of the day though, I’m still giddy that I was able to finish strong!
Got any tips on how I could improve on my trading for the last stretch of this year?
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