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Weekly Forex Trading Review 08/08/2009

I'm sure you have felt like this before

Well, this wasn’t a good week for me.  After coming off a great July, I tried to force trades and didn’t wait for good setups.  August is typically a more volatile month to begin with, which magnified the problem.

Here are the trades for this week:

http://www.tradingheroes.com/losing-trades/08032009-gbpjpy-trade (-107 pips)
http://www.tradingheroes.com/losing-trades/08042009-gbpjpy-trade [...]

July 2009 Week 5 Review

It was a good week, all winners and almost a 1% gain on the account balance.  I think I’m getting the hang of this thing.  If I pick good trades and play good defense while I’m in the trades, I know that I will at least trade at break even.  Now the key is to [...]

July 2009 Week 4 Review

A losing week but I ddin’t lose much on a dollar basis and I was actually positive in terms of pips per trade.  I can live with results like this.

Here are the trades:

http://www.tradingheroes.com/losing-trades/07192009-gbpjpy-trade (-54 pips)
http://www.tradingheroes.com/winning-trades/07202009-gbpjpy-trade (+134 pips)
http://www.tradingheroes.com/losing-trades/07232009-gbpjpy-trade-1 (-16 pips)

Grand total: +64 pips

Because of the lot sizes however, I was down a little on a dollar [...]

Weekly Forex Trading Review 07/18/2009

Concentrate Grasshopper

Woohoo, this was the best week in awhile!  Four trades and no losers, not too shabby.  Of course there is always room for improvement but I think this is a great starting point.  I need to be able to maximize winners and bring up the average profit on my winners.

Here are the trades:

http://www.tradingheroes.com/winning-trades/07132009-gbpjpy-trade [...]

Weekly Forex Trading Review 07/10/2009

All losers this week.  It was frustrating because I could have been profitable if I had taken money off the table when I had a chance.  The first trade on the 9th had a good profit that I should have taken off the table.

My goal is to find one good trade a day.  I don’t [...]

Weekly Forex Trading Review 06/30/2009

This was a short week with only three trading days.

I made two trades this week:

http://www.tradingheroes.com/winning-trades/06292009-gpbjpy-trade (+32 pips)
http://www.tradingheroes.com/winning-trades/06292009-gbpjpy-trade-2 (+8 pips)

Total profit is +40 pips.  Not too many trades, but a good week.

Weekly Forex Review 06/26/2009

There was only one trade this week.  There were other trades that I almost executed but price didn’t get close enough to the levels I was looking for.

http://www.tradingheroes.com/winning-trades/06222009-gbpjpy-trade (+120 pips)

I still need to have more trades in a week, but I’m glad that I was profitable.  It was about a 0.5% gain on total equity.

Weekly Forex Trading Review 06/12/2009

Here are the trades for this week:

http://www.tradingheroes.com/losing-trades/06082009-gbpjpy-trade (-36 pips)
http://www.tradingheroes.com/winning-trades/sloppy-trading (-161 pips)

Grand total:  -197 pips.  How can I get better?  This is so frustrating.

Weekly Forex Trading Review 06/06/2009

Hello,

I’ve been slacking on the weekly trading reviews so I am determined to continue them and keep up.

Not a great trading week this week.  There were only two trades and I lost money overall.  Here were the trades:

http://www.tradingheroes.com/winning-trades/06022009-gbpjpy-trade (+38 pips)
http://www.tradingheroes.com/losing-trades/06082009-gbpjpy-trade (-61 pips)

Grand Total: -23 pips for the week.

Again, I don’t want to be overtrading but [...]

Weekly Forex Trading Review 02/13/2009

This week was breakeven, which is much better than losing.  I had the following trades:

AUDCAD +142 pips
GBPJPY +37 pips
EURCAD -178 pips

For a grand total of +1 pip.

2/3/2009 CADJPY Trade

Just one trade this week so this is my weekly review/trade review.  Trading still not going so well so I’m taking it easy.

Short 1 (200) CADJPY @ 7164
Stop @ 7243 (-79)
Target @ 7005 (+159)

This was a squeeze box entry.

Some notes on the trade:

Looks like a good downward triangle on 1 H, reward:risk  is 2:1
JPY isn’t [...]

Weekly Forex Trading Review 01/30/09

This was not a good week.  I zero wins but at least I didn’t do anything really dumb like last week.

AUDUSD -181 pips
EURUSD -79 pips
USDCAD -67 pips
AUDCAD -216 pips

On the whole I don’t think I really traded badly, just not good enough to make a profit.  I ended up down a total of -543 pips, [...]

Weekly Forex Trading Review 01/23/09

This was a bad week.  I was actually profitable on a pip basis, but dollar wise I lost -2.6% of total equity.  I did some impulsive and irrational trades in the EURUSD.  The trades were as follows:

GBPCHF (2 positions) +27 pips
CHFJPY +226 pips
EURCAD -198
EURUSD trade #1  -22 pips
EURUSD trade #2  +4 pips
EURUSD trade #3  -11 [...]

Weekly Forex Trading Review 1/16/09

Well, this wasn’t the greatest week for me.  After having a stellar week last week, I gave back a good portion of the profits from the first week in January.  On a pip basis I didn’t do too bad but my pip value was higher so on a dollar basis, I gave a lot back.  [...]

Weekly Forex Trading Review 1/9/09

This was a pretty good week.  Took five trades:

EURCAD +394
EURGBP +5
EURCHF +5
GBPUSD +111
CHFJPY +106

For a grand total of +621 pips.  Trading wasn’t perfect but it never will be.  Trading is shades of gray.  An interesting note this week was that for the first time, I concentrated on just trading well.

I didn’t care about the [...]