Before taking my very first trade setup for 2014, I decided to make a quick review of my trades during the the fourth quarter of last year. Without further ado, here are the numbers!
|DATE||TRADE IDEA||P/L in pips||P/L in %|
|Oct 16||CAD/JPY Downtrend to Resume?||-27.5||-0.17%|
|Nov 21||AUD/USD: Head and Shoulders||Missed||Missed|
|Nov 28||NZD/USD: Break and Retest of .8200||+10||0.02%|
|Dec 2||AUD/CAD: Will Parity Hold?||+280||0.70%|
|Dec 10||AUD/CHF Break and Retest||Missed||Missed|
|Dec 16||Potential Upside Break for NZD/USD||-100||-0.53%|
No. of Trade Ideas: 6
Trades Triggered: 4
No. of Wins: 2
No. of Losses: 2
No. of Break Even Trades: 0
Win %: 50%
Average Gain Per Winning Trade: 145 pips / 0.36%
Average Loss Per Losing Trade: -63.75 pips / -0.35%
As you’ve probably noticed, I’ve had fewer than usual trade ideas for the last stretch of 2013 as I got busy with preparations for the Thanksgiving and Christmas holidays. Despite that, I think my trade performance in Q4 was better compared to Q3 2013 since I managed to end up with a tiny win overall.
Looking back at my winning trades, I’ve realized that I do tend to perform better with swing setups instead of short-term ones. With that, I will try to focus on longer-term trades for this quarter. Got any tips you’d like to share?
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