Trading Heroes » Weekly Review

Friday the 13th Trading and Why I’m Broadcasting From Waikiki Beach

Hugh — Sun, 15 Apr 2012 21:32:58 +0000

Last week Friday was Friday the 13th and some people consider that an unlucky day. Does that mean I shouldn’t trade? Of course not. The only unlucky thing about Friday the 13th is that we had to put up with those horrible movies.

Although I traded on Friday the 13th, I didn’t get a chance to review my trades until the 14th. Being that it was the weekend, I wanted to get some sun. I sit in an office with no windows all day, so good weather must be enjoyed.

So I took my computer down to Waikiki Beach to check the waves and review my trades. That is the great thing about trading, you can do it anywhere, as long as you have a computer and an internet connection.

That gives you a lot of options. Even if you want to keep your day job and trade on the side, at least you have the option of changing your scenery once in awhile.

Anyway, here are the two trades that I did:

The final result was a +1.81% gain on the account. To see my trading report for this strategy, check it out here. If you want to see the process that I went through to learn, test and trade this strategy, click here.

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Photo: dan taylor

Weekly Forex Trading Review 08/08/2009

Hugh — Mon, 10 Aug 2009 00:00:01 +0000

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 (-2 pips)
http://www.tradingheroes.com/losing-trades/08042009-gbpjpy-trade-2 (-19 pips)
http://www.tradingheroes.com/losing-trades/08052009-gbpjpy-trade (-32 pips)
http://www.tradingheroes.com/winning-trades/08072009-gbpjpy-trade (+20 pips)

I finished the week down -140 pips, which was a -1% loss on the total account. That isn’t bad considering the blow up weeks I have had in the past, losing much more than that in a single week.

I have to be more patient next week!

July 2009 Week 5 Review

Hugh — Sat, 01 Aug 2009 05:34:29 +0000

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 be more consistently profitable.

Here are the trades for this week:

http://www.tradingheroes.com/winning-trades/07232009-gbpjpy-trade-2 (+12 pips)
http://www.tradingheroes.com/winning-trades/07282009-gbpjpy-trade (+68 pips)
http://www.tradingheroes.com/winning-trades/07292009-gpbjpy-trade (+14 pips)

Grand total of +94 pips.

July 2009 Week 4 Review

Hugh — Sat, 25 Jul 2009 05:35:10 +0000

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 basis. No big deal.

Weekly Forex Trading Review 07/18/2009

Hugh — Sat, 18 Jul 2009 10:30:49 +0000

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 (+21 pips)
http://www.tradingheroes.com/winning-trades/07142009-gbpjpy-trade (+17 pips)
http://www.tradingheroes.com/winning-trades/07152009-gbpjpy-trade (+40 pips)
http://www.tradingheroes.com/winning-trades/07172009-gbpjpy-trade (+5 pips)

The grand total was +83 pips for the week which was a +1.3% gain in account equity. I went 4/4 for a 100% win percentage. Not a huge gain, but a great start in the right direction.

Weekly Forex Trading Review 07/10/2009

Hugh — Sat, 11 Jul 2009 12:18:36 +0000

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 want to force a trade if it isn’t there, but I need to get more consistent if I am going to trade for a living.

http://www.tradingheroes.com/losing-trades/07072009-gbpjpy-trade (-51 pips)
http://www.tradingheroes.com/losing-trades/07092009-gbpjpy-trade-1 (-35 pips)
http://www.tradingheroes.com/losing-trades/07092009-gbpjpy-trade-2 (-26 pips)

Hope you are all trading well!

Weekly Forex Trading Review 06/30/2009

Hugh — Tue, 30 Jun 2009 20:20:52 +0000

This was a short week with only three trading days.

I made two trades this week:

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

Weekly Forex Review 06/26/2009

Hugh — Sun, 28 Jun 2009 05:33:23 +0000

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 [...]