Learn Price Action From a PRO - Click Here to Get Started
 

May 2010

This month I consolidated my two FXCM accounts into one.

Trades:

FXCM

3 / EURCAD (-0.6%)

6 / GBPCHF (+10.4%)

6 / EURCAD (+0.0%)

6 / GBPCHF (+2.2%)

9 / GBPCHF (+12.0%)

10 / GBPCHF (-17.7%)

11 / GBPCHF (+1.8%)

12 / GBPCHF (-7.3%)

12 / GBPCHF (-17.3%)

17 / GBPCHF (-3.9%)

17 / USDCAD (+2.2%)

18 / GBPUSD (-0.1%)

19 / GBPCHF (+1.9%)

21 / GBPCHF (+1.3%)

25 / GBPCHF (-2.4%)

26 / GBPCHF (-1.5%)

28 / GBPJPY (-1.0%)

Results:

FXCM : -16.8%

Notes:

In retrospect, -16.8% is not too bad considering the swings that I went through during the month.  I have decided to stop trading the Accelerator Trade, at least for now because of the volatility and general lack of sleep that I was experiencing.

I will keep trading the Counter Trend Trade and have started doing some automated backtesting.  However, I am looking for a new strategy, one that is a lot less volatile and can produce more consistent results.  Here is my first candidate.