Week 104: Gained 7.2%

Only two trades this week after four consecutive weeks of losses. Not in the right condition to trades most of the time. Reasons being unable to find right opening and low confidence level after so many blows. Gained 6.7% or 80 pips from USD/CAD pair on Wednesday at GMT13:01 after a major CAD news announcement.

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.

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.

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.

Week 97: Gained 22.5%

Had a fantastic week. Biggest weekly gain so far. Total pips gained is 324 and added 22.5% to my portfolio. Two of the biggest win comes from AUD/JPY pair, 6.5% and 12.4% respectively. Scalped few trades here and there. One significant loss come from GBP/USD trade that cost me 3% of portfolio. Have to be careful with the SL placing and the entry timing. Hopefully more to come next week.

Week 96: 2.5% Profit from AUD/JPY

Only three trades for the week, two small profits and one break even. All three trades are AUD/JPY pair. Got hooked with this pair as it could earn interest when you leave it overnight. Although the winnings are small as I was trying to get familiar with this pair. Hopefully there will more winnings with this pair.

Week 95: 10% Profit

No trade after closing the AUD/JPY with 80 pips. Overall the week ended with 10% portfolio growth. Now at -54.5%, still a very long way from my target. Only three trades this week and all ended up with profit although the AUD/JPY trade was open from the weeks before. My mind was not focused on trading and I had made some poor decisions. Took a break the rest of the week. Like a football player need a winter break, hopefully I could come back fresher and more focused.

Week 91: Gained 9.8%

Managed to gain 9.8% wow to my portfolio. Now it is at -47% of my initial capital. Laid out a plan and strategy to break even in two weeks time and to achieve positive growth by end of the month. I can do it as long as I maintain my focus and conform to my strategy. Ended week 91 with 9.8% growth only, way short of my goal. There are some mistakes that need to be corrected and currently working on it. Last Friday had two trades with two different result that canceled out each other. EUR/USD signal is mixed while GBP/USD signal is bearish, shorted both and ended with one loss and one profit.

Week 89: Have A Little Faith

Ended the week with small gain on my portfolio of 3.2%. Managed to turn my poor week into profit with some scalping trades on Friday. Four trades won and two ended break even. At least maintaining the profitable week run. This is the second week running though the percentage gain is small. One prominent pattern I have discovered during the week was that the EUR market tend to start at GMT800/900. However if the price is already trending since the Asia market, be cautious on possible reversal at that time. Also worth noting is the economic news being released at that time. There are four possible time, that the trend might reverse or enhanced depending on the sentiment, GMT000, GMT800/900 & GMT1400 & GMT1700/1800. This was based on the past 2 weeks observation.

This week trades, some were hit by tight SL, some were entered too early, some turn out to be nice profitable trades, some got out with small win, some were break even. Could use a little more faith in the signals especially MACD.

Week 89: Small gain

Ended the week with small percentage gain of 3.3%. The result could have been better. The last two trade of the week wiped out almost half of the initial gain. Shorted GBP/USD at GMT7:51 at 1.4385, however the signals were mixed. Reduced 2% of my portfolio. Later in the night, shorted EUR/NZD but closed it early after it staged a pullback.

Overall this week, only six trades with 3 wins, 2 losses and 1 break even.

Week 86: Gain 7.4%

Longed USD/JPY after the NFP announcement but ended up with break even as it did not managed to break the day's high. The numbers were positive, however unemployment rate unexpectedly climbed from 9.7% to 9.9%.

Finished the week with 7.4% gain on my portfolio. Has yet to reach the half way mark of my original capital. Four winning trades out of total seven this week with one break even. Overall pips gained is 102.

Europe's Debt Woes

Source: http://www.nytimes.com/2010/05/02/weekinreview/02schwartz.html?ref=business

This is an interesting illustration of Europe's web of debt. Greek's debt woes now spreading to other nations as well. Last Tuesday Standard & Poor's downgraded Spanish and Portuguese debt. It would interesting to see how the EU plan to solve this.

Week 85: Gained 16.3%

Had few more trades after the last post, scalped few pips here and there. Today longed 2 trades, EUR/USD and GBP/USD, but one trade cancelled another. Ended with break even. Had doubt on GBP/USD but persisted with the trade. Should have trusted my analysis instead of my gut feeling. Other Pound crosses were showing significant weaknesses that supported my analysis. Good lesson though.

Now on my weekly summary, almost back to half way point of my initial capital.
Total Trades: 11
Winning Trades: 8
Losing Trades: 3
Total Pips: 160
This is my second biggest weekly gain (16.3%) in my entire trading career so far. Hopefully next week can break my record high of 19.6%.

Week 81 Summary

Yeah....finally, I made some profits for this week. Managed to make 1.8% growth on my portfolio. It's been a busy week as well, hardly have any time to trade during the Euro opening session. Only managed to try the Speed Strategy for 4 times, 2 profits and 2 break evens. Need to improve the entry of the Speed Strategy.

May the profits keep coming to me...

Tea break strategy gain

Longed GBP/USD at GMT8:10 after it break out to the upside.
D1: Downtrend (MACD crossed up though)
H4: Uptrend (although EMA has not fully cross up)
H1: Uptrend (MACD is unclear)

I entered the trade even though the signal was not strong enough, but this is a tea break strategy. Risked smaller lot size and did not let it run to hit PT target of 62pips. I closed manually with only 25 pips gain adding 1.2% to portfolio.
Overall weekly gain was 3.2%.
Portfolio: -56%

Still a long way to break even.

Week 39 Review

Here's my week 39 review. Grew my portfolio by 4.2% this week. The stats showed my trade winning ratio. Overall maintained at 63% however the average pips won reduced by 2 pips. This was due to few small profits made at midweek. And a total of 3 trades at Break Even. Total pips gained for the week is 161 pips. Will strive harder next week.

Cheers & celebrate.
Play time.