Disclaimer

Do your own due diligence first before investing. The writer will not be responsible for any capital loss as a result of reading this blog.

Monday, March 2, 2009

Forex 23/02/08 to 27/02/08

The week was very volatile. Some of the currency pairs were trading at weekly or monthly resistance and support lines. This is one thing which I must take note and incorporate into the system. Another issue that breeds the lousy performance is my risk management skill. Many times I was in 50-100 pips profits and then it turned it's back on me. I need to take profits when I can and maybe trade 2 lots and cash out on one and let it run.

Here are the week's result.

Total No. of Trades = 121
Accuracy = 43/121=35.5%
Win/Loss ($) = 135.92/158.92= 0.86
Average Win ($) = 3.16
Average Loss ($) = 2.04
Max Win($) = 15.27
Max Loss($) = 5.2
Pips = -259
Gains/Losses ($) = -23
Capital left(Using $500 fake money, $) = 477

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