Tuesday, August 18, 2009

After being away on vacation with my wife for over a week, I started back into trading forex this morning. I watched what the market was doing, performed some technical analysis and decided that the AUD/USD pair had some potential selling short. Well, I was wrong, the market initially moved in my favour, but soon moved up. I moved my stop loss up a few times, hoping that my analysis would prove true. I eventually decided that, with the next dip, I would take a loss and get out. When the opportunity presented itself, I got out, -$510.00 and annoyed.

I took some time off, cycles 25km then ran 7km. I got back home, hydrated myself and took a look at the market again. AUD/USD had some action going on, so I decided to see if I could take advantage of it. WOW, did I ever. Five trades later and in what seemed like no time, I found myself up $850.00 on the day and grinning from ear to ear. I can't believe my eyes, +$850.00 turns out to be a +24.04% day.

On an additional bright note, I am now only $615 away from breaking even from my initial week of big losses.

Week 1
Trading Day Mon, Jul 27, 09 Tue, Jul 28, 09 Wed, Jul 29, 09 Thu, Jul 30, 09 Fri, Jul 31, 09
Opening Balance $4,989.92 $3,579.88 $3,084.12 $2,484.40 $2,393.36
2% Risk $99.80 $71.60 $61.68 $49.69 $47.87
5% Increase $498.99 $357.99 $308.41 $248.44 $239.34
Actual increase -$1,410.04 -$495.76 -$599.72 -$91.04 -$10.79
Closing Balance $3,579.88 $3,084.12 $2,484.40 $2,393.36 $2,382.57
Daily Increase -28.26% -13.85% -19.45% -3.66% -0.45%
Total Increase -28.26% -38.19% -50.21% -52.04% -52.25%
Week 2
Trading Day Mon, Aug 3, 09 Tue, Aug 4, 09 Wed, Aug 5, 09 Thu, Aug 6, 09 Fri, Aug 7, 09
Opening Balance $2,382.57 $2,737.50 $3,179.27

2% Risk $47.65 $54.75 $63.59
5% Increase $238.26 $273.75 $317.93
Actual increase $354.93 $441.77 $356.00
Closing Balance $2,737.50 $3,179.27 $3,535.27
Daily Increase 14.90% 16.14% 11.20%
Total Increase -45.14% -36.29% -29.15%
Week 3
Trading Day Mon, Aug 10, 09 Tue, Aug 11, 09 Wed, Aug 12, 09 Thu, Aug 13, 09 Fri, Aug 14, 09
Opening Balance




2% Risk
5% Increase
Actual increase
Closing Balance
Daily Increase
Total Increase
Week 4
Trading Day Mon, Aug 17, 09 Tue, Aug 18, 09 Wed, Aug 19, 09 Thu, Aug 20, 09 Fri, Aug 21, 09
Opening Balance $3,535.27



2% Risk $70.71



5% Increase $353.53



Actual increase $850.00



Closing Balance $4,385.27



Daily Increase 24.04%



Total Increase -12.12%



1 comment:

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