Week 101: Loss 2.6%

Started the week on a bad footing. Made two substantial losses from the first two trades of the week. Lost 4.5% from GBP/USD pair followed by another 3.9% loss from GBP/JPY pair made me fearful that my winning run might come to an abrupt end. Subsequent trades were made in desperate measures without clear trading signals. Managed to salvage back some losses from few scalp trades along the way. Unfortunately the consecutive winning week had to come to an end.

Week 100: A 0.6% gain.

The Week 100 ended with 0.6% gain. Total pips gain was 10. Most of the trades were scalps with the biggest win coming from EUR/JPY with 2.1% gain on 11 August 2010 while the biggest loss comes from USD/JPY pair with 3.5% loss a day earlier. Managed to scalps few wins to claw back to green territory.

However, there are two open trades with negative result. Real time portfolio result were not that encouraging. Have to wait till next week to see the result.

Where is the confidence?

Had 5 trades so far, one win, one loss and 3 scalped win. Overall this week portfolio was down a little. And the running trade, NZD/JPY from last week is still open, currently down approximately 190 pips. Real time status for this trade is -12%. Did not managed to get out when it was at a smaller loss. Unwilling to accept the loss and ended up constipating the trade. Managed to recover some losses from yesterday USD/JPY trade that cost me 3.5% of my portfolio. Shorted EUR/JPY today at GMT5:37 at 111.733 without any profit target set. And closed it with only 24pips profit to recoup 2.1% of portfolio. The pair managed to hit the low of 109.764 at GMT14:00 for additional 170+ pips. The trend look rock solid for a downtrend but I was sceptical. I was not confident enough.

Week 99: 11.7% Gain

Had a decent run this week, this time posting a 11.7% gain. Total of eight trades, one loss, 3 wins and 4 winning scalps. The NZD/JPY from Thursday is still running and currently at -35 pips. Had a roller coaster ride during the NFP. The risk aversion sentiment were strong and JPY strengthen across the board. Thought of having to long another JPY crosses after it swing wildly but had to forgo the intention as I have this trade still running. Equaled my record of fifth consecutive profitable week. Hope to extend the winning run.

Midweek review, 6 win 1 loss, 1 running.

Closed 7 trades so far this week. Significant win comes from AUD/JPY pair, with two trades contributing 5.5% and 4.8% respectively while one loss from GBP/USD erasing 3.8% from the portfolio. Managed to close another profitable trade yesterday, USD/JPY with 59 pips that contributed 3.5% to the portfolio. Current portfolio now stand at -33.5% notwithstanding current open trade, NZD/JPY now at -19 pips.

Week 98: Gained 4.6% w.o.w.

Another week of gain achieved. This time only 4.6% and total pips of 60 only. No significant big win achieved this week. Only managed to scalp here and there, with the biggest win coming from AUD/USD pair with 2.6% during midweek.