FX Week #2 result review
April 13, 2007 – 1:35 amI thought I might be able to post a nice weekly result this week, since I have some pretty good trades on Tuesday and Wednesday.
However, it all happen in one day, the bloody Friday the 13th, where all my gains were whipped out and brought down my account to negative territory. Friday’s trading was the worst. I got stopped out 5 times, though each time I reduced position size according to risk plan, I decided to call it a day when I saw my account swings to more than -6% for the week. I’d better rest and get ready for the new trading week.
Here is the equity chart of my account.
I managed to produce a gain of 7.94% in the mid-week, and I have just lost it away. The indecisive movements of GBP/JPY on Friday was the murderer. Another important note to this week’s result, I started playing with position sizing adjustment on Wednesday, which means prior to that I was trading with fixed size, where the losses caused bigger damage.
Remember, the real man trades Futures, his son trades Forex, I am trading both, for my wife. LOL.
From the desk of Tradergav.com
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Tags: FX weekly review
Hi Gav,
Since you are not into trading using TA with FX, i was wondering if you would be interested to work on a certain project with me. I am trying to phase out and look into long term fundamental strategy which involves some amount of data collection to begin with.
From there we will move into a phase where we will backtest these data against price trends, i’m already doing it with e gbp, if you are interested, you know how to get me. Its still just an ‘idea’ now.
regards
Jest
Thanks for the invitation, Jest. But I am afraid I might have to turn you down for the time being. I have a lot of work to do in futures trading. Futures trading is still my main focus now.
And , I am not really into backtesting game.