August 2008

26 trades, 16 winners ( 61.5%), with a total -164 pips (-4.4%). For the whole year, we are up 465 pips or 14.5% risking 1% of the equity on each trade:

July 2008

19 trades, 6 losers, 13 winners (68% winning chance) made a total of 212 pips or 3.53% gain risking 1% on each trade (here):

P.S.

From this month, I use this account as the reference for reporting the performance.

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 11

5 trades, only 1 winner. In total I lost 89 pips, making the pipage to a total of 170 pips. My dollar value for the week was $ -92.45 (-2.88%). For the whole period, I am up 5.25%.

BTD: $ 5263.64

What I did wrong: I consider the loses normal losers. No rules were bent, not emotions were the cause of position taking.

What Should I do for next week:

1- Continue to concentrate on the chosen pairs.

2- Risk no more than 1% per trade.

3- As always said: good results come from good trades. Stick to good trades and good results will follow…

4- Try to finish April positive. My goal is not to have 2 back to back losing months. 

The charts:

Week 10

12 trades were triggered this week, 9 winners. In total I banked 216 pips, making the pipage to a total of 419. I earned $ 168.54 for the week (3.21%). For the whole period, I am up 8.37%.

BTD: $ 5418.49

What I did wrong: I was pretty obeying the rules. The only trade which was wrong according to the rules was the kiwi trade and the result was -74 pips (no wonder!).

What Should I do for next week:

1- Continue to concentrate on 5 pairs.

2- Risk no more than 1% per trade.

3- As always said: good results come from good trades. Stick to good trades and good results will follow…

The chart: