Last week (04/27-05/03)
12 trades
Won 10 out of 12,
83% win rate.
+2.75
279.5 pips
TP hits: 2
SL hits: 0
Manual Close winners: 8
Manual Close losers: 2
Avg Win: 39.89
Avg Loss: -59.70
Yea, my positioning sizing and absolute trade value needs to be kept in mind looking at my avg win and loss.
There were only 2 losses, for one, and one of those was 106 pips loss while the other was a 12.8 pips loss. The winners, 5X more, were 12 to 112 pips.
Anyway, decent week. Not as many trades as I normally do, but that’s because my margin is locked up. Booo! I mentioned in another thread, I’ve caught some falling knives and haven’t let go just yet. I’m looking at you EURUSD!
So that’s what I need to manage better. Over exposing myself in one direction.
And I need a month of April review. I’ll try to get to that soon.
3 Likes
Last week (05/04-05/10)
17 trades
Won 12 out of 17,
71% win rate.
-0.73%2.75
-47 pips pips
TP hits: 1
SL hits: 1
Manual Close winners:11
Manual Close losers: 4
Avg Win: 22.70
Avg Loss: -63.88
Down week, but I’m not made about it. It was actually a decent week considering. Take out 2 big loser trades and I would have been positive for the week. The 2 losers were scaling out of positions to free up some margin. USDJPY and EURUSD were the culprits. If I had more margin, I think I would have had a positive week. I did have a 75 pip winning trade, so that was awesome. I’m still waiting from some dollar strength,cuz these EURUSD shorts are hurting me!
Hoping for a better week!
1 Like
April Recap. Why not?
56 trades
Won 49 out of 56,
88% win rate.
+12.53%!
+339.8 pips
Avg Win: 32.25
Avg Loss: -177.21
I scaled out of a big EURUSD position, just 1000 units, but that was down 890 pips. Cost me $89. And that’s why my avg loss is so big. 2 other 100+ pip losers, but plenty of winners!
1 Like
Did I even do any monthly recaps this year? The heck.
1 Like
Last week (05/11-05/17)
Well, no myfxbook stats. So I’m going manual! Wish me luck.
So AI can help reading my weekly statement.
Total Trades: 10
Trades Won: 8
Win Rate: 80%
TWR: 3.25%
Total Profit/Loss: -129.83 pips
Take Profits Hit: 2
Stop Losses Hit: 2
Manual Close Winners: 4
Manual Close Losers: 2
Average Win in Pips: 47.25
Average Win in Monetary Value: 48.32
Average Loss in Pips: -253.92
Average Loss in Monetary Value: -9.88
AI for the win.
2 Likes
So I scaled out of some big losers last week. You can see that in the size of the average losing trades. But the $ value lost is small and super important, it’s lower than my average winning trade.
I still have margin stuck in USD long trades on USDCHF, USDCAD and EURUSD.
So the Moody’s downgrade isn’t helping. US budget talk isn’t helping. I think consumer sentiment is down too. Not great for the dollar.
1 Like
What happened here?
These losses seem higher than before.
Did something change?
Yup, scaling out of some big losers. So the unit amount is small, like 1000 units or .01 lots. I don’t use SLs 100% so sometimes I get caught in the wrong direction.
And when Trump announced the first rounds of tariffs, I got caught big!
It’s the Achilles heal of my trading style for sure. I’m thinking of trying a demo account trading the exact same way, same entries and exits, but using SLs from the start and compare the two accounts.
1 Like
Myfxbook is back up and running right finally!
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Okay behind a couple weeks. Let’s get the stats out.
05/18-05/24
Total Trades: 8
Trades Won: 8
Win Rate: 100%
TWR: 2.7%
Total Profit/Loss: 323.2 pips
Take Profits Hit: 1
Stop Losses Hit: 0
Manual Close Winners: 7
Manual Close Losers: 0
Average Win in Pips: 40.40
Average Win in Monetary Value: 39.45
Average Loss in Pips: 0
Average Loss in Monetary Value: 0
7 USDJPY trades and 1 NZD USD. Can’t really remember much about the week honestly. Probably means I need to journal daily, during the actual trade day. Hmmm, that’s work, and I’m stinking lazy!
I really should keep track of the weekly events at least, so I have some idea of what was going on with fundamentals.
But 100% win rate, I like the sound of that!
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05/25-05/31
Total Trades: 6
Trades Won: 5
Win Rate: 83%
TWR: 1.2%
Total Profit/Loss: 109.7 pips
Take Profits Hit: 1
Stop Losses Hit: 0
Manual Close Winners: 7
Manual Close Losers: 0
Average Win in Pips: 24.54
Average Win in Monetary Value: 31.01
Average Loss in Pips: -13
Average Loss in Monetary Value: -13.61
Didn’t trade my usual, but spread the love across more than just 1 or 2 pairs. Basically trading dollar strength for the week. The one trade I lost was USDJPY short. Go figure.
I’ve been waiting for more dollar strength to help with my open positions on EURUSD, USDCAD, USDCHF. Those are longer term trades but all down right now.
Only other trades I had open were EURJPY shorts. I try to make sure I always have margin ready to trade against my other open positions. That’s usually JPY.
1 Like
May Recap
Total Trades: 44
Trades Won: 36
Win Rate: 82%
TWR: 8.13%
Total Profit/Loss: 402.8pips
Average Win in Pips: 34.46
Average Win in Monetary Value: 36.07
Average Loss in Pips: -104.71
Average Loss in Monetary Value: -49.34
Big May issue is margin. Trump tariffs are messing with my margin. Actually I don’t have as much as I really want!
I pretty much only have room to open one or two trades at the time waiting for my losers to hopefully turn around. I know, hoping isn’t trading. And USD might be in a death spiral for months. I’m really hoping for EURUSD to come down. That’s most of my account tied up there. Let’s go USD! I"m probably slow bleeding on the EURUSD, so on pullbacks I’ll probably look to scale out of some losers.
Or I just find some change in the mattress or couch cushions. Any thoughts on EURUSD I’m all ears!
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06/01-06/07
Total Trades: 6
Trades Won: 2
Win Rate: 33%
TWR: -1.14%
Total Profit/Loss: 1797.2 pips
Take Profits Hit: 1
Stop Losses Hit: 0
Manual Close Winners: 1
Manual Close Losers: 4
Average Win in Pips: 24.80
Average Win in Monetary Value: 25.15
Average Loss in Pips: -461.70
Average Loss in Monetary Value: -46.19
Well, two things this week. I didn’t trade a ton. That was down to just being locked up from a margin standpoint. And second, I had to scale out of some losers this week. That’s why the loses pips wise are huge, dollar wise, I can deal with those okay. I also got caught in some ranging trades, and then I second guesses myself on a couple trades and I lost out on some pips.
I’m in a funk for sure.
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I am in a funk! .
I mean most of that is my open losing trades. Let’s be real, that’s the issue.
Only 8 trades this month. Half losers.
I was getting exciting with some of the dollar strength and eur weakness, but that looks short lived, at least for now.
Don’t know if I just need to stay away completely for like a week, or what. Or just watch the charts, maybe put on some demo trades. If you’re reading, let me know what you do.
1 Like
It’s hard to say what to do. We all have different strategies and different personalities. Therefore, we may each need different medicine.
However, I could share what has been helpful for me, and perhaps it’ll be helpful for you.
First, I say you GOTTA do some analysis of your trades.
Look at the complete trades. Compare what you did with what you should’ve done. Then think about why you didn’t do it that way.
I was using MA for a while, but I back tested my strategy and counted the wins and losses for the cross strategy. What I was doing wasn’t profitable. So, I let go of the MA strategy.
My strategy kept evolving based on my analysis of my losing trades.
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What does YOUR analysis tell you?
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Have you backtested? What’s your backtesting method look like?
I think it’s just being impatient and WANTING to trade more and getting into trades that are just emotional.
Honestly, on the backtesting, I don’t do much. What do you use? Something automated?
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All manual.
Go back a few years, if you want. It doesn’t matter when. As long as the trades are already complete.
Look at the trade, and examine the correct way to trade that set-up.
Do that again and again. Different pairs, different years.
Do you observe any patterns in the charts? Any patterns in the strategy?
What is the ideal way to enter and exit those trades?
I suggest making your own charts for practice.
