Monthly report- Feb. 2008

Leap year’s February is over. 16 trades, 13 winners. Biggest win was $ 115.12 and biggest loser was $ 80.37.

Here are the other results:

% win: 81 %
P/L: 172.5 pips

Average win: $ 47.72

Average loss: $ 38.80

Return: 4.4%

Return from the beginning: 8.11 %

Max Drawdown (based on closed trades): 4.77%

Equity curve: 

Week 6

This week dollar was kicked in the teeth. Unfortunately I was busy at work and could not use the great opportunity. What a pity. I predicted GBP/JPY to fall when it was 210.50 and now, it is at 206.50. And I didn’t even take the trade.

Any ways, 4 trades, only 1 loser. I am up 2.03% for the week.Here are the things I did or going to do:

1. I was happy with the results. I have to do the same thing day in and day out.

2. The only loss was due to bad timing. Should not repeat the same mistake in future.

3. I stick to my 1% risk rule as it is crucial for me.

4. I am back on track now.

Here is the equity using FX HAT:

#22-25

Using FX HAT, it is now easier to track the records. Here are my records for these four trades ( I would not write down each entry points like before, but you may find all in here or here):

BTD : $5405.26

PTD: 389 pips.
WIN :72 %

Week 5

4 trades, only 1 winner for this week. I am down -1.24% for the week, 2.28% for the month and 5.91% since the start of this program.

Here are the things I did or going to do:

1. My return was the worst since starting this program.

2. The losses are considered as normal losses. No emotional trades.

3. I stick to my 1% risk rule as it is crucial for me.

4. I was totally off track.

For next week, I try to focus more on my work.

Here is the equity using FX HAT:

#21

BUY EUR/JPY @ 159.21

Size: 0.1 lot

Stop: 158.43

Target: 160.66

CLOSED AT LOSS (158.97)

BTD : $5295.50

PTD: 409 pips.
WIN :71 %