Happy New Year 2018!
Price Action analysis, live trading and Risk Management from an independent Forex trader.
Thursday, 4 January 2018
Wednesday, 6 December 2017
November 2017 performance review
Here are my performances for November 2017. Performance summary and account statement pages have been updated.
+0.75% on Trend Following account
Towards the end of November the trend following system has closed out the winning trades that were opened in the last 2 months. It is doing exact what it's designed to do so there's no need for me to interfere.
Last month I wrote that I would be returning to my regular day trading. Unfortunately, one of my long term employees in my business had to stop working so I was occupied with posting job advert and doing interviews.
On the options trading side, I've had 2 wins out of 2 trades so that's encouraging. You can see the trading videos on my YouTube channel. End of year is only 3 weeks away and I will be doing my 1st year day trading review over the Christmas and New Year break.
Towards the end of November the trend following system has closed out the winning trades that were opened in the last 2 months. It is doing exact what it's designed to do so there's no need for me to interfere.
Last month I wrote that I would be returning to my regular day trading. Unfortunately, one of my long term employees in my business had to stop working so I was occupied with posting job advert and doing interviews.
On the options trading side, I've had 2 wins out of 2 trades so that's encouraging. You can see the trading videos on my YouTube channel. End of year is only 3 weeks away and I will be doing my 1st year day trading review over the Christmas and New Year break.
Tuesday, 7 November 2017
October 2017 performance review
Here are my performances for October 2017. Performance summary and account statement pages have been updated.
-4.62% on Trend Following account
Market has been shy of strong down trend in the last few months and this is reflected in the trend following performance since August.
I did not get much trading done during October because of other family commitments. November should be much better in terms of getting back to my regular routine.
I am also currently doing a case study for members of a trading forum. This has higher priority than making my own live trading videos so I would need to balance it out. This project will finish by 31st January 2018 at the latest.
Market has been shy of strong down trend in the last few months and this is reflected in the trend following performance since August.
I did not get much trading done during October because of other family commitments. November should be much better in terms of getting back to my regular routine.
I am also currently doing a case study for members of a trading forum. This has higher priority than making my own live trading videos so I would need to balance it out. This project will finish by 31st January 2018 at the latest.
Tuesday, 3 October 2017
September 2017 performance review
Here are my performances for September 2017. Performance summary and account statement pages have been updated.
-3.40% on Trend Following account
The short-only trend following system has been active for 2 months and it is beginning to pick up trades on the short side. There are currently 5 open positions out of the 12 pairs that I trade.
For day trading, this quarter (July, August, September) have slightly less trades, with 12 trades compared to 22 for the 1st quarter and 23 for the 2nd quarter. I am on track to achieve the goals that I have set out for day trading this year (see below for a summary of my day trading statistics).
Last but not least, recently I have been studying options trading as a way to expand my trading knowledge. I have transferred out 5000 GBP from my day trading account into an options broker and I will be making small trades to apply what I have learnt.
The short-only trend following system has been active for 2 months and it is beginning to pick up trades on the short side. There are currently 5 open positions out of the 12 pairs that I trade.
For day trading, this quarter (July, August, September) have slightly less trades, with 12 trades compared to 22 for the 1st quarter and 23 for the 2nd quarter. I am on track to achieve the goals that I have set out for day trading this year (see below for a summary of my day trading statistics).
Last but not least, recently I have been studying options trading as a way to expand my trading knowledge. I have transferred out 5000 GBP from my day trading account into an options broker and I will be making small trades to apply what I have learnt.
Wednesday, 6 September 2017
August 2017 performance review
Here are my performances for August 2017. Performance summary and account statement pages have been updated.
-3.27% on Trend Following account
The short-only trend following system has started trading again this month. Currently many of the 12 pairs that it trade is either neutral or in uptrend mode so there are very few trades opened. I would expect the frequency of trades to reduced by half compared to the previous 2 years when it was trading both directions.
I've got 3 more months to go on the day trading side until my end of year review. As you may know, I am very active in the review and analysis side of trading because it's the only way I know to improve myself.
The goal of my 1st year of day trading is to build an efficient, repeatable process to allow me to find the setups that I know how to trade. Part of this process is to record 1 of my trading session per week and review it over the weekends, looking for weakness and find improvements.
The short-only trend following system has started trading again this month. Currently many of the 12 pairs that it trade is either neutral or in uptrend mode so there are very few trades opened. I would expect the frequency of trades to reduced by half compared to the previous 2 years when it was trading both directions.
I've got 3 more months to go on the day trading side until my end of year review. As you may know, I am very active in the review and analysis side of trading because it's the only way I know to improve myself.
The goal of my 1st year of day trading is to build an efficient, repeatable process to allow me to find the setups that I know how to trade. Part of this process is to record 1 of my trading session per week and review it over the weekends, looking for weakness and find improvements.
Friday, 11 August 2017
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