I think that, with hindsight, Thanksgiving week may not be the best to trade. An unusual lack of signals, and the ones that generated tended to fail much worse than the usual strike rate. Definitely NOT trading a US holiday, and I’ll pass on “black Friday” too. I will report the trades for the first part of this week because I didn’t say that I wouldn’t trade this week before the week started.

Secondly, I noticed that an error had crept in to my formulae for calculating the 2% of bank profit. The first few rows were correct but it had gone wrong by the final rows. Mainly this wasn’t calculating stopped out trades correctly, and has massively reduced the overall profit.

To £10 stakes:

GBPUSD EURUSD EURGBP FTSE Dax Dow Total
Week 8  £  310.00 -£ 207.00 -£ 247.00  £           – -£ 180.00 -£ 160.00 -£     484.00
Overall  £  633.50 -£ 594.50 -£ 546.50  £  1,015.00  £     960.00  £  1,640.00  £  3,107.50

 

Using 2% rolling bank: This week: £ -196, Overall £ 248

 

Date Time Pair Direction stop pips Pips
2012.11.19 09:45 DAX30SB Sell 18.0 -18.0
2012.11.19 12:45 WS30SB Sell 16.0 -16.0
2012.11.22 10:00 EURUSDSB Sell 20.7 -20.7
2012.11.22 10:00 GBPUSDSB Sell 22.0 62.0
2012.11.19 10:15 EURGBPSB Sell 13.3 -13.3
2012.11.21 12:15 EURGBPSB Sell 14.6 -22.8

 

To clarify some trading rules, without describing the system:

When large rapid moves happen during the trading window I scrub attempting to trade for the remainder of that window, EUR/USD at 07:00 (CET) Tuesday 30th November is a good example of that.

I also ignore signals when the signal bar is the wrong colour. For a sell the signal bar has to a bear bar (red on my charts), and for buys a bull bar (green for me). So, I will not take a buy where the signal bar is a bearish red bar.

Trades must trigger within 3 to 4 bars. If the stop-loss value is hit before the trade has triggered then I ignore that signal also.

Any trades open at the end of my trading day (6 p.m. locally) are closed.

Usual caveats apply:

Trading ForEx is discretionary; I’ll see trades other people won’t and miss trades that they take. We all read the market differently; therefore your results will be different from mine. Further, I am experienced trader with over 4 years’ experience. Although I try my best not to colour my trials with this experience it is impossible to remove it completely.

Please also note that for ease of reporting I am using GKFX and not Capital Spreads. There will be some minor differences in the data feed and indicator calculations but the main difference us that the times shown above are London + 1. Please remember to deduct 1 hour if comparing my trades with Capital Spreads.