Before we get to October’s numbers, here is a short reminder of the results from September. The full report from September 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 September 2011

Number of trades: 38
Number of losers: 15
Winning percentage: 60.2%
Worst losing streak: 3 in a row (all on September 28)
Net pips: +410

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 October 2011

Number of trades: 43
Number of losers: 20
Winning percentage: 53.5%
Worst losing streak: 4 in a row (around October 25)
Net pips: +600

A great month again, even better than the last by net results, including several trades that netted out big multi-day gains. Nothing to complain about with the results. We fell into our target 50-60% winning trades slot and had only 4 in a row losers, which is fine.

The bigger thing to focus on here is the average daily ranges, which helps explain the net gains. EURUSD six month average daily range jumped 10 pips just in the month, from 165 to 175 pips a day. That’s a big jump for an average. GBPUSD was also up. The USDJPY remains a useless pair with most days under 40 pips. However, and this is the interesting part, the AUDUSD and NZDUSD have moved up to 150 and 125, respectively, for average ranges, which means that they rival the GBPUSD and EURUSD. That means you might start seeing our main trade calls fall into those pairs sometimes as the setups are nice.

On to November…

Share This