Now that I’ve gotten a few days of rest and relaxation over the holidays, I’m in the mood to reminisce about my forex trading performance in the last stretch of 2015. Here are the trade ideas I had:
Forex Trading Performance
|DATE||TRADE IDEA||P/L in pips||P/L in %|
|Oct 6||CAD/JPY Range Resistance||Cancelled||Cancelled|
|Oct 9||GBP/CAD Correction||Missed||Missed|
|Oct 20||NZD/CAD Reversal Pattern||Missed||Missed|
|Oct 22||Another Short CAD Setup||Cancelled||Cancelled|
|Oct 29||EUR/AUD Downtrend Retracement||+165||+0.35|
|Nov 3||NZD/JPY Head and Shoulders||-15||-0.02|
|Nov 10||USD/CAD Channel and Flag||+100||+0.17|
|Nov 17||NZD/CAD Consolidation Breakdown||-100||-0.50|
|Nov 24||GBP/AUD Long-Term Reversal||-200||-0.50|
|Dec 8||AUD/JPY Trend Line Breakout||+60||+0.24|
No. of Forex Trade Ideas: 10
Trades Triggered: 6
No. of Wins: 3
No. of Losses: 3
No. of Break Even Trades: 0
Win %: 50%
Average Gain Per Winning Trade: +0.25%
Average Loss Per Losing Trade: -0.34%
Total P/L: +10 pips / -0.26%
I was off to a shaky start this quarter and I hesitated to take a bunch of my forex trade ideas that probably might’ve added a few more pips to my total. I managed to catch a couple of nice moves on EUR/AUD and USD/CAD, but I risked too little then failed to press my advantage when I had the chance.
That GBP/AUD trade was pretty heartbreaking for me since I was already up by a good amount but my STA strategy didn’t work out since a reversal followed. Moving forward, I’ll remind myself to be more confident about my trade ideas and try to be more active in making risk management adjustments along the way.
Got any tips on how I could improve my performance? As always, I love getting your feedback on my trading decisions. Hope y’all are enjoying the holidays, too!
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