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After a successful second quarter, the third quarter proved to be a struggle. I ended up big loss, as I only had 2 winning trades and a significant number of losing trades. Below is a brief rundown of all my trade ideas for Q3 2012.

Date Trades Gain/Loss
7/4/2012 GBP/USD: Trading the BOE Interest Rate Decision +0.44%
7/11/2012 USD/CHF: Upward Trend About to End? -1.00%
7/26/2012 Retracement Play on EUR/USD -1.00%
8/1/2012 GBP/USD: Will the Rising Trend Line Hold?
8/13/2012 Bearish Confluence on EUR/USD? 0.00%
8/15/2012 GBP/USD: Trading the Ascending Triangle Breakout -1.00%
8/23/2012 USD/JPY: Riding the Downtrend
8/30/2012 EUR/USD: A Pre-Jackson Hole Summit Analysis +1.53%
9/5/2012 EUR/USD: Eyeing support at the Rising Trend Line
9/21/2012 USD/CHF: Eyeing Resistance at .9300 -0.80%
9/26/2012 GBP/USD: Looking for a Better Price to Short -1.00%
Total -2.83%

What happened?

Looking back at my trades, I noticed that I fell into the same old trap I did in Q1 2012. I kept entering without confirmation and focused too much on technicals. For instance, in my first USD/CHF trade for the quarter, the trend was upwards and sentiment was risk averse yet I jumped in.

There were also times that I got in too late. I forced to go with the trend even though it was extremely overextended. As a result, I ended up getting stopped out on the pullback.

All in all, it it seems that I tended to focus too much on one specific thing in my trades and failed to see the bigger picture. For the coming quarter, I have four trading resolutions:

1. Always consider the macroeconomic environment
2. Wait for sufficient confirmation
3. Avoid going against the overall trend
4. Get a boyfriend

Okay, so the last one isn’t a trading resolution… but hey… you never know… It could help my trading. Right?!?

In any case, that’s it for this week. Next week, I’m going to do a review of my HLHB Trend-Catcher 3.0. Let’s see if it was profitable in Q3 or not.

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.