Before we get to February’s numbers, here is a short reminder of the results from January. The full report from January can be found here and you can get the last several months in a row vertically by clicking here and scrolling down.

Tradesight Pip Results for January 2013

Number of trades: 27
Number of losers: 15
Winning percentage: 55.5%
Worst losing streak: 4 in a row
Net pips: +155 pips

Reminder: Here are the rules.

1) Calls made in the calendar month count. In other words, a call made on August 31 that triggered the morning of September 1 is not part of September. Calls made on Thursday, September 30 that triggered between then and the morning of October 1 ARE part of September.

2) Trades that triggered before 8 pm EST / 5 pm PST (i.e. pre Asia) and NEVER gave you a chance to re-enter are NOT counted. Everything else is counted equally.

3) All trades are broken into two pieces, with the assumption that one half is sold at the first target and one half is sold at the final exit. These are then averaged. So if we made 40 pips on one half and 60 on the second, that’s a 50-pip winner. If we made 40 pips on one half, never adjusted our stop, and the second half stopped for the 25 pip loser, then that’s a 7 pip winner (15 divided by 2 is 7.5, and I rounded down).

4) Pure losers (trades that just stop out) are considered 25 pip losers. In some cases, this can be a few more or a few less, but it should average right in there, so instead of making it complicated, I count them as 25 pips.

5) Trade re-entries are valid if a trade stops except between 3 am EST and 9 am EST (when I’m sleeping). So in other words, even if you are awake in those hours and you could have re-entered, I’m only counting things that I would have done. This is important because otherwise the implication is that you need to be awake 24/6. Triggers that occur right on the Big Three news announcements each month don’t count as you shouldn’t have orders in that close at that time.

You can go through the reports and compare the breakdown that I give as each trade is reviewed.

Tradesight Pip Results for February 2014

Number of trades: 22
Number of losers: 8
Winning percentage: 63.6%
Worst losing streak: 2 in a row
Net pips: +50 pips

This was just a poor month for the Forex markets in terms of range and action. The US Dollar Index has now been stuck in this impossible 1.50 point range for FOUR FULL MONTHS now, which is a record in all of my years of trading. In addition, the 6-month Average Daily Range on the EURUSD is now down to 80 pips. The GBPUSD is 103. That 80 pip number, as opposed to the 10 year average of 120-130 pips, is a real problem, and all of the pairs are just as bad. The fact that we had 63.6% winners in the month is deceiving because less calls triggered than normal AND absolutely not a single trade followed through for a couple of days to give us big winners. In addition, we’re seeing news spikes, which we didn’t really see much of for a long time, probably because there’s no liquidity in the market since it isn’t moving. We need to get out of this parity that the US Dollar and other currencies are in. We need some macro-economic change to get this going. After a stellar 2013 despite the poor movement late in the year, this is really dull to watch and trade. Won’t last forever, but we remain half size until the market starts to behave again.

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