Tuesday, May 18, 2010

March/April Trade Results—up 8,507 pips

A reader reminded me that I hadn’t posted trade results for March or April so here they are. It turned out that March has been my best month since I’ve been posting results with +6,141 pips. April was weak by comparison but still good at +2,366 pips. The results by month since October have been:

Apr 2010—up 2,366 pips
Mar 2010—up 6,141 pips
Feb 2010—up 5,915 pips
Jan 2010—up 3,116 pips
Dec 2009—up 2,092 pips
Nov 2009—up 2,054pips
Oct 2009—up 1,994 pips

The market has provided many opportunities in recent months. In February and March, the market fit my particular trading style. April did not—I found myself constantly frustrated with the ups and downs and apparent lack of movement. I was still profitable but it was discipline more than anything else and I missed a lot of opportunities. But obviously the market was gearing up for what has been a productive May to date. My trades are not the result of any deep secret technique passed down from Chaldean times. They are the result of hard work, using common technical analysis, and discipline. In many of my trades I take partial profits. I’m still not sure of the best way to report these so I just report them as I take them. If I take partial profits at 50 pips and close the trade at 100 pips, I count it as a total of 150 pips.

Here are the details of the trades for first March and then April. Each was blogged about as I was ready to take it or shortly thereafter. You could see them on the charts I posted because they show up as triangles or inverted triangles depending on whether I’m long or short. I list the details in the order in which they occurred during the month. For example, in AUDUSD, you see detail of the first trade in March at +37 pips. That means it was the first trade in that month (that did other than go out at breakeven). So you can go back into the blog and find them in order from the beginning of the month.

Here’s the detail for March which resulted in a total of +6,141 pips:

AUDUSD: +537 pips total; +37, +100, +58, +70, +140, +132
EURGBP: +633 pips total; +323, +50, +255, +5
EURJPY: +173 pips total; +85, +80
EURUSD: +1,412 pips total; +5, +5, +101, +56, +60, +52, -65, +80, +50, +9, +85, +180, +80, +250, +365, +99
GBPCHF: +61 pips total; +61
GBPJPY: +2,835 pips total; +300, +40, +157, +201, +300, +220, +186, +30, +161, +70, +54, +10, +92, +47, +28, +76, +104, +90, +309, +170, +72, +52, +50, +16
GBPUSD: +466 pips total; +70, +170, +88, +129, +48, -39
USDCAD: +24 pips total; +60, +10, -66, +20

Here’s the detail for April which resulted in a total of +2,366 pips.

AUDUSD: +247 pips total; +71, +70, +136, +10, -40
EURGBP: +54 pips total; -28, +32, +50
EURJPY: +342 pips total; +75, +183, +20, +64
EURUSD: +714 pips total; -36, +307, +193, +70, +76, +104
GBPUSD: +699 pips total; -39, +70, +10, +2, +53, +135, +300, +168
USDCHF: +310 pips total; +46, +80, +118, +66

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