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Looks like I couldn’t carry over my Q1 success thanks to a shift in market themes & sentiment, as well as my inability to shift with the change.  Here’s a quick Q2 forex review.

Basic Forex Trading Stats

Total Number of Trades Ideas: 9

Wins: 2
Losses: 4
Breakeven/No Trade: 2
Win % (winning trades / triggered trades): 25%
Average Winning Trade in %: +0.34%
Average Losing Trade in %: -0.88%
Largest Drawdown: -3.51%
Q2 Total Realized Profit / Loss in %: -2.88%

I’ll start with the bad because to be honest, there really wasn’t much good to it. After a first small win in AUD/CAD, I took a string of four losses with a missed (and potentially big win) long GBP/JPY trade idea in the middle. Take out that Guppy trade idea and the drawdown was a sizable -3.51%. And speaking of missed trades, not shifting to the downside after taking a small hit on my early NZD/CAD long caused me to miss out on one of the biggest moves of the quarter: the broad Kiwi selloff. That change in sentiment was also the cause of taking a hit on my EUR/NZD short. Overall, it was pretty much all bad since I couldn’t counter my losses with my wins as there was no strong move on my winning AUD/CAD trade, and I exited my final trade for the quarter, a GBP/AUD long trade, too early.

With that quarter in the books, I’m down a small -2.09% year-to-date, but more importantly, I’m lagging my benchmarks: the Barclay Hedge Currency Traders Index (+2.59% YTD thru the end of June) and the Barclay Hedge Discretionary Traders Index (+0.90% YTD thru end of June).

Overall, I’ve gotta let go of my biases, especially when price action confirms the change in sentiment.  The euro was a tricky one to trade with the Greek story constantly shifting throughout the quarter, but the Kiwi was a no-brainer to start shorting after the RBNZ preempted and executed a rate cut in June.  Something to work on for Q3, which should be just as interesting as the second quarter.

That’s all I got for now forex friends…How did you do in Q2 2015? Please share your thoughts in the comment box below.  Thanks for stopping by and good luck in Q3 2015!

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.