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Category Archives: Self Assessment
Closed EUR/CHF and GBP/CHF Shorts: Best. Trade. Ever.
As I was saying earlier this week, I have been stockpiling in EUR/CHF short in my demo account (Fig. 1). Aside from that, I’ve also stocked up some GBP/CHF shorts this week (Fig. 2). Both positions are now closed because of my adjusted stops. These positions have single-handedly lifted me half way out of a [...]
Also posted in European Crosses Tagged CHF, EUR, exit, FTC, GBP, good trade, paper trade Leave a comment
First 2010 trading drawdown analysis on the verge of a new record
I am close to passing my biggest monthly drawdown ever in my forex paper trading endeavour. My account drawdown is at -3.34% now. My record was set in last November at -3.44%. And it’s only the 13th! To make matters worse, this isn’t one of those transient, surprise drawdown. It is a slow and steady [...]
Early bird does not get the worm in forex trading
[This post was updated on January 13, see addendum below.] I have discussed my enthusiasm in shorting the Aussie a few times this week. First trade was shorting AUD/JPY at 84.53. After that got stopped out, I re-tried at the same level the next day. My trade history in this currency pair is shown in [...]
December 2009 Trading Performance Review
I have set 2 goals back in November for December. 1) Think more, trade less; and 2) Be more aggressive on winners. With 276 trades in December, I have failed miserably for goal #1. I couldn’t meet my second goal either as I’ve missed most of the big moves from failing to recognize the bigger [...]
November 2009 Trading Performance Review
This month has been a roller coaster in both the markets and my account balance (see Figure 1). Here’s a quick recap of my paper trades in the forex markets for November. I started out by cashing the carried over long yen and dollar positions from October. Those trades could have been better as I [...]
EUR/USD +95 pips in 2 hours: An example of swing and day trade convergence
I had my best day-trading day this quarter on November 27. I made 95 pips in two hours at the open with only two trades. This post is a review of my trades that day for my future reference. To save you and myself from reading, the two reasons for this good run are: Click [...]
Also posted in Major Pairs, Trading Signal Tagged day trading, entry, EUR, exit, good trade, long, paper trade, USD Leave a comment
AUDJPY Short 81.37/77.17: Anatomy of my first 400+ pips trade
420 pips in my demo account to be exact. Still, I feel very lucky. In this post, I will review why I entered this position, why I added to it, and why I exited. The goal is for myself to learn from what works and what can I do to improve on this trade given [...]
Also posted in Aussie, Kiwi, Loonie, Trading Signal, Trading Strategy Tagged AUD, entry, exit, FTR, good trade, JPY, paper trade, short Leave a comment
My name is Paul and I am a full-time engineer, part-time trader. Back in 2000, I deposited my $5000 interest-free student loan with an online broker. Since then, my interest in trading has become an obsession.
January 2010 Trading Performance Review