[B]Wednesday 10th September[/B]
Closed 4 trades that were placed yesterday:
Short EURUSD @ 1.29412 closed @ 1.29141 + 27.1 pips
Short EURUSD @ 1.29200 closed @ 1.29060 + 14 pips
Short EURUSD @ 1.29100 closed @ 1.29060 + 4 pips
Short EURUSD @ 1.29000 closed @ 1.29080 - 8 pips
Daily total: + 37.1 pips
[B]Thursday 11th September[/B]
Placed and closed 3 trades:
Short EURUSD @ 1.29453 closed @ 1.29346 + 10.7 pips
Short EURUSD @ 1.29342 closed @ 1.29252 + 10 pips
Short GBP/USD @ 1.62253 closed @ 1.62195 + 5.8 pips
Daily total: + 26.5 pips
[B]Friday 12th September[/B]
Placed and closed 3 intraday trades:
Short EUR/USD @ 1.29305 closed @ 1.29253 + 5.2 pips
Short EUR/USD @ 1.29374 closed @ 1.29248 + 12.6 pips
Short EUR/USD @ 1.29695 closed @ 1.29625 + 7 pips
Daily total: + 24.8 pips
[B]Weekly Recap (8-12/9):[/B]
+197.1 pips out of 20 trades
Average pips per trade: 9.85
18 trades were profitable
2 trades closed on a loss
Biggest win: 27.1 pips
Biggest loss: -9.9 pips
Thoughts:
Overall good results, but still my max drawndown this week reached 186 pips which is very high if you consider my net profit in pips (316 pips) the last 3 weeks. The good thing is that I managed to earn around 120 pips in EUR/USD when its weekly range was 100 pips. Also I correctly predicted that markets didn’t share the optimistic BOE governor announcements so I booked a nice profit of 69 pips on Tuesday due to this fact. The highlight of the next week is the Scottish Independence referendum which I believe that ‘No’ voters will win. As for my trading, I think that I need to study macroeconomics in depth to have a better understanding of the markets.
[B]Monday 15th September[/B]
Placed and closed 2 trades:
Long EUR/USD @ 1.29167 closed @ 1.29277 + 11 pips
Short GBP/USD @ 1.62401 closed @ 1.62325 + 7.6 pips
Daily Total: +18.6 pips
[B]Tuesday 16th September[/B]
Placed and closed 4 trades:
Short EUR/USD @ 1.29699 closed @ 1.29619 + 8 pips
Long USD/JPY @ 107.061 closed @ 107.116 + 5.5 pips
Long GBP/USD @ 1.62056 closed @ 1.62126 + 7 pips
Short EUR/USD @ 1.29513 closed @ 1.29442 + 7.1 pips
Daily Total: + 27.6 pips
[B]Wednesday 17th September[/B]
Placed and closed 7 trades:
Long GBP/USD @ 1.62722 closed @ 1.62962 + 24 pips
Long GBP/USD @ 1.63420 closed @ 1.62720 - 70 pips
Long GBP/USD @ 1.63505 closed @ 1.62805 - 70 pips
Short EUR/USD @ 1.29594 closed @ 1.29509 + 8.5 pips
Short EUR/USD @ 1.29692 closed @ 1.29631 + 6.1 pips
Short EUR/USD @ 1.29692 closed @ 1.29605 + 8.7 pips
Long GBP/USD @ 1.62932 closed @ 1.63005 + 7.3 pips
Daily Total: - 85.4 pips
[B]Thursday 18th September[/B]
Placed and closed 17 trades:
Short EUR/USD @ 1.28452 closed @ 1.29152 -70 pips
Long GBP/USD @ 1.63752 closed @ 1.63959 + 20.7 pips
Long GBP/USD @ 1.63677 closed @ 1.6392 + 24.3 pips
Long USD/JPY @ 108.764 closed @ 108.884 + 12 pips
Long GBP/USD @ 1.63351 closed @ 1.63617 + 26.6 pips
Long USD/JPY @ 108.776 closed @ 108.883 + 10.7 pips
Short USD/JPY @ 108.724 closed @ 108.829 - 10.5 pips
Long USD/JPY @ 108.584 closed @ 108.742 + 15.8 pips
Long GBP/USD @ 1.63263 closed @ 1.63441 + 17.8 pips
Short EUR/GBP @ 0.78979 closed @ 0.78877 + 10.2 pips
Long GBP/USD @ 1.62961 closed @ 1.63162 + 20.1 pips
Long USD/JPY @ 108.584 closed @ 108.814 + 23 pips
Long USD/JPY @ 108.563 closed @ 108.713 + 15 pips
Long USD/JPY @ 108.518 closed @ 108.570 + 5.2 pips
Long GBP/USD @ 1.62615 closed @ 1.62727 + 11.2 pips
Long USD/JPY @ 108.472 closed @ 108.587 + 11.5 pips
Long GBP/USD @ 1.63129 closed @ 1.62504 - 62.5 pips
Daily Total: + 81.1 pips
[B]Friday 12th September[/B]
Closed 9 trades that were placed yesterday:
Long GBP/USD @ 1.64018 closed @ 1.64518 + 50 pips
Long GBP/USD @ 1.64012 closed @ 1.6447 + 45.8 pips
Long USD/JPY @ 108.85 closed @ 108.741 - 10.9 pips
Long USD/JPY @ 108.715 closed @ 108.741 + 2.6 pips
Long GBP/USD @ 1.6392 closed @ 1.64425 + 50.5 pips
Long GBP/USD @ 1.63826 closed @ 1.6438 + 55.4 pips
Long GBP/USD @ 1.64044 closed @ 1.64394 + 35 pips
Short EUR/USD @ 1.28865 closed @ 1.29129 - 26.4 pips
Short EUR/USD @ 1.28656 closed @ 1.29218 - 56.2 pips
Daily Total: + 145.8 pips
[B]Weekly Recap (15-19/9):[/B]
+187.7 pips out of 39 trades
Average pips per trade: 4.8
31 trades were profitable
8 trades closed on a loss
Biggest win: 55.4 pips
Biggest loss: -70 pips
Thoughts:
Not happy at all, despite the weekly profit in pips. The first three days before FOMC announcements everything went according to my plan with a small profit per trade, really low drawndown and no losses at all. But I had the ‘clever idea’ to go long GBP/USD before the announcements, having in mind that the pair will not be affected (!) by FOMC decisions because I thought that the Scottish referendum was the main catalyst for it. Of course this was not the case and I was stop lossed on my 3 long positions for -200 pips. I was really pissed off because despite the fact that I thought that EUR/USD could go down and I had planned to open 1-2 shorts with a stop loss of 30 pips before the announcements, I didn’t do it and instead I opened the cable trades. When I finally did it, I shorted the pair at the bottom and more losses were accumulated. The good thing is that my aggressive overtrading (not recommended) on USD/JPY and GBP/USD after FOMC decisions in order to recoup my losses worked and I managed to keep some of the profits of the last 3 weeks. And as for the referendum, which I have pointed out in previous posts that I firmly believe that ‘No’ voters will win, I was right (at least according to the info that we have 2 hours after the voting) and the long GBP/USD trades today saved the day for me, otherwise my demo trading journey at Zulutrade would be over.
Those look good but certainly, I’d wait for a month or two just to make sure. 
Hey man, Day Trading on the Smaller Time Frames is gonna be VERY difficult to make money long-term on a Live account. I trade the Daily & 4 Hour Charts on my Live account and its much better.
I see there you made 187 Pips for the week with 39 trades.
This week I closed a AUD USD trade for 148 Pips. 1 trade only. No news. No Smaller Charts. Strictly Technical.
Higher Time Frames trading the Larger Trends is where its at my friend.
Check out my trading journal. I´ve now started to post my live trades from my strategy started earlier this year.
I disagree as I know there are more then one way to trade successfully. Granted gaining 187 pips and 147 is very respectful results but it more boils down to consistency. Will you be able to achieve positive results every week going forward? Can you provide a trade explorer link or fx book so we can follow your results
I’d like to see that too. I mean the trade explorer link would clear things out.