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So far so good! It looks like my decision to change up my system is paying off. I finished another quarter in the green! Woot!

However, to say that Q2 2013 went as smooth as Robin Thicke, would be a lie. A quick glance at my numbers would show that I struggled during the start of the quarter.

Date Trades Gain/Loss
4/3/2013 USD/JPY: Perfect Bounce Off the 61.8% Fib? Breakeven
4/11/2013 USD/CHF: Simple Fibonacci Play Did not trigger
4/17/2013 The Start of A New Uptrend on EUR/USD? -1.00%
4/24/2013 GBP/USD: Eyeing Resistance At the Falling Trend Line -1.00%
5/2/2013 USD/JPY: Shorting On A Pullback -1.00%
5/8/2013 GBP/USD: Eyeing A Bounce At the Rising Trend Line Did not trigger
5/23/2013 USD/CHF: Jumping in on the Dollar Rally -0.77%
5/30/2013 EUR/USD: Shorting at 1.3000! -1.00%
6/6/2013 EUR/USD: Anticipating An Upside Break +1.17%
6/13/2013 EUR/USD: Eyeing Support at 1.3300 +0.23%
6/25/2013 Changing My Bias on USD/CHF +6.20%
  Total Gain / Loss +2.83%

Looking back, I realized a few mistakes which made trading such a struggle. For instance, there were times when I carelessly left my limit orders instead of watching the market closely before pulling the trigger.

I can also recall a couple of occasions when I got too caught up in my biases that I didn’t prepare any contingency. My GBP/USD trade got stopped out after the U.K. GDP came in better than expected while my short USD/JPY trade incurred a loss following a positive NFP.

But I’m also giving myself a pat on the back for doing a few things right. As you can see, I did a good job in limiting my losses to just 1%. This made it easier for me to pare my initial losses. Also, I had the guts to press my trade which allowed me to ride the rally on USD/CHF and finish the quarter in the green!

With two back-to-back quarters of gains, it looks like I made a good call in incorporating moving averages into my system. It seems to be working fine so I’m gonna stick to it for a few more months.

I just hope that we see more market-moving catalysts in the coming quarters that impact the trading environment for a while. This quarter, the biggest market-mover was the Fed’s decision to start tapering asset purchases. I wonder what the next one will be! What’s your guess?

XOXO,

Huck

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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.