Better late than never! It took me a while to summarize my forex trade performance for Q3 2015 but here it is!
Trading Performance
| DATE | TRADE IDEA | P/L in pips | P/L in % |
|---|---|---|---|
| July 1 | NZD/JPY Long-Term Selloff | Missed | Missed |
| July 14 | EUR/AUD Pullback to 1.4700 | Missed | Missed |
| July 21 | GBP/CAD Bullish Pennant | +280 | +0.13% |
| July 28 | AUD/USD Simple Retracement | -70 | -0.12% |
| Aug 12 | USD/CAD Uptrend | +30 | +0.02% |
| Aug 18 | EUR/NZD Resistance Turned Support | +225 | +0.52% |
| Aug 26 | GBP/CAD Trend Line Bounce | -400 | -0.50% |
| Sept 3 | AUD/CAD Triangle Pullback | Missed | Missed |
| Sept 16 | GBP/AUD Long-Term Reversal | Not taken | Not taken |
| Sept 22 | AUD/CAD Area of Interest | Not taken | Not taken |
| Sept 24 | NZD/JPY Triangle Breakdown | Not taken | Not taken |
| Sept 26 | AUD/NZD Range Support | Not taken | Not taken |
| Sept 30 | EUR/NZD Triangle Breakout | Not taken | Not taken |
No. of Trade Ideas: 13
Trades Triggered: 5
No. of Wins: 3
No. of Losses: 2
No. of Break Even Trades: 0
Win %: 60%
Average Gain Per Winning Trade: +178 pips / +0.22%
Average Loss Per Losing Trade: -235 pips / -0.31%
Total P/L: +65 pips / +0.05%
First, the good stuff. I’m happy about being able to score a couple of big wins in Q3 and ending up with a nice win ratio of 60% on the trades I’ve taken. This allowed me to finish off in the green, with a 65-pip gain or a 0.05% profit on my account.
I know, I know! What a measly profit!
One of the biggest factors that weighed on my account profitability, percentage-wise, is my decision to scale down my risk per trade to just 0.25%. I guess I was still feeling extra cautious after coming off a losing streak in Q2, which really weighed on my forex trading confidence.
And just when I thought I was starting to get back on my feet with a few good wins, I decided to scale up my risk… then I ended up with a huge loss that nearly wiped out all the meager gains I made in the previous months. Womp womp.
Since then, I figured I’d sit out for September, still keeping an eye out for comdoll forex setups that fit my trading framework but refraining from actually taking trades on my live account. In retrospect, some of those setups would’ve wound up as missed trades since price didn’t reach my entry while a couple (GBP/AUD and EUR/NZD) would’ve still ended up as winners.
Here’s to bouncing back this quarter and finishing strong for the last stretch of 2015!
Cheers!
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