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Greetings, comdoll buddies! I took a quick break from my mechanical system tests to crunch the numbers on my discretionary positions for Q3. Take a look!

Forex Trading Performance

DATE TRADE IDEA P/L in pips P/L in %
From Q2 CAD/JPY Reversal Patterns -250 -0.42
July 24 AUD/JPY Range Resistance Missed entry Missed entry
July 31 GBP/NZD Triangle Support Test +20 +0.03
Aug. 28 AUD/NZD Ascending Channel Bounce Not taken Not taken
Sept. 11 EUR/NZD Long-Term Double Bottom -250 -0.42
Sept. 18 AUD/JPY Descending Channel Resistance -100 -0.50

No. of Forex Trade Ideas:  6
Trades Triggered: 4
No. of Wins: 1
No. of Losses: 3
No. of Break Even Trades: 0
Win %: 25% (sad tuba)
Average Gain Per Winning Trade: +0.03%
Average Loss Per Losing Trade: 0.45%

Total P/L : -580 pips / -1.31%

Bah, I know, I know… Nothing impressive about these results!

Even worse than my Q2 2018 performance was that I had a terrible win rate of just 25% this time and that tiny win wasn’t even anything to be happy about. *cries in a corner*

I was off to a shaky start with my CAD/JPY short position from the previous quarter that I tried to stay patient with but wound up biting the bullet. Then came the AUD/JPY range resistance short that I thought of catching the bearish momentum but hesitated since I was still reeling from the earlier loss.

AUD/JPY 4-hour Forex Chart
AUD/JPY 4-hour Forex Chart

I then hopped in on a support bounce off the long-term GBP/NZD triangle formation, and this turned out to be my one and only win. Looking back at how price action fared in the weeks after, however, brought more regrets than joy.

GBP/NZD Daily Forex Chart
GBP/NZD Daily Forex Chart

I would’ve made big pips on this one had I held on or attempted to catch the breakout… or the pullback! So many opportunities missed.

I tried to go for another short Kiwi play with a long AUD/NZD idea, but this didn’t show much bullish momentum so I just sat on my hands. Not much action on this pair until now anyway!

The long-term double bottom on EUR/NZD caught my attention, so I tried to chase momentum on a short-term trend line bounce with this one. Turns out I should’ve been more patient with my entry so I could’ve given this long position more leeway and a better R:R.

Sad to say, the pair came uncomfortably close to my stop that I had to cut losses instead of taking the full loss… before price showed strong upside momentum. Gah!

Lastly, I set my hopes up for a runaway finish on a neat AUD/JPY technical setup but wound up getting wiped out on a change in sentiment, even after the U.S. and China exchanged a fresh round of trade jabs. In retrospect, I should’ve been quicker about cutting my losses or I should’ve waited for profit-taking to pan out before taking any positions.

As you can probably tell, I let my negative emotions from losses or missed trades get the best of me in making trading decisions, leading to even more losing positions and digging myself a deeper hole.

Got any tips on how I could pull myself out of this rut? Perhaps take some yoga classes to clear my mind or just listen to some classical music to relax? As always, I love getting your feedback and suggestions! 




This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.