Before we get to November’s numbers, here is a short reminder of the results from October. The full report from October 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 October 2014
Number of trades: 34
Number of losers: 18
Winning percentage: 47%
Worst losing streak: 4 in a row
Net pips: +80 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 November 2014
Number of trades: 21
Number of losers: 7
Winning percentage: 66.7%
Worst losing streak: 2 in a row
Net pips: +255 pips
Despite the Veteran’s Day bank holiday and the week of Thanksgiving cutting down the number of trading days for the month, we had a solid month as ranges continue to improve across the board. We gained 255 pips for the month just on the main trade calls. We ran far less trades than the prior month, but the win ratio was very high, and we had several calls that carried forward more than a day, which is what you want to see. The 6 Month Average Daily Ranges on the EURUSD and GBPUSD improved from 69 to 77 and from 83 to 90, respectively, which is another nice bounce. 7 pips on a 6 month average is significant. Let’s hope the action holds up at least for the first part of December before the Holidays hit, and we look forward to much-improved action in 2015.