Week 20

I planned a EUR/USD trade and traded that plan and it worked out great. I will talk about it later. Here is this last week:

8 trades, 2 losers with a resturn of -0.31%, $ 16.45.

In total, the account is up 7.30%.

P.S.

I had ome problems with my Oanda account this past week which prevented me from executing some trades (I took them on my other account and were profitable).

Week 8

4 trades, 3 losers and 1 big winner. This is the result of cutting the losses fast and let the profits run.

BTD: $ 5278.31

PTD: 242 PIPS

WIN: 55%

P/L FOR THE WEEK: 0.1%

P/L TO DATE: 5.57%

Here are what I am going to do next week:

1. Try to cut losses fast and let the profits run, like what  I did this week.

2. I stick to my 1% risk rule as it is crucial for me. When in doubt, I even risk less. There is always time to add to a winner.

3. I have zero tolerance for emotional and impulsive trading. A severe penalty is waiting for me if any impulsive trade happens.

Here is the chart:

#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 %

#19

Today US is closed and Canadian Business province (ON) is experiencing a brand new holiday in Feb. So I opened a position in EU session and closed it at the same session as well due to very low volume in NY session.

BUY AUD/JPY @ 98.60

Size: 0.11 lot

Stop: 98.20

Target: 99.00

B.E. N/A

CLOSED AT PROFIT

BTD : $5369.70

PTD: 468 pips.
WIN :79 %

# 18

Happy Valentine’s Day

BUY AUD/JPY @ 97.59

Size: 0.1 lot

Stop: 97.10

Target: 98.50

B.E. @ 98.00 (CLOSED HALF OF THE POSITION)

CLOSED AT PROFIT

BTD : $5360.27

PTD: 460 pips.
WIN :78 %