Before we get to December’s numbers, here is a short reminder of the results from November. The full report from November 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 November 2011
Number of trades: 33
Number of losers: 17
Winning percentage: 48.5%
Worst losing streak: 5 in a row (around November 28)
Net pips: +75
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 December 2011
Number of trades: 31
Number of losers: 18
Winning percentage: 41.9%
Worst losing streak: 6 in a row (last week of the year)
Net pips: +20
As is often the case, the market got really slow during the end of year Holidays. In reality, we adjusted for this by going to half size for the end of the year, but under our rules for counting pips in our direct trade call results, we don’t reflect that in these numbers. This is just a raw pip count for the month.
We won a lower-than-normal percentage of trades in the month, which, again, isn’t shocking. The net results were only 20 pips of gains, our second worst month of the year. Average daily ranges mostly dropped in the month, with the EURUSD’s 6-month average range dropping 6 pips from the start to end of December. That’s a pretty sharp drop off in a six month number. Several of the days were incredibly thin trading, and I actually didn’t count two winning trades in these results because they occurred on spikes that were virtually impossible to get a fill in, something we didn’t see at any other point in the year.
I will be putting out a year-end Forex summary soon that analyzes the market action for the year and summarizes our trading results for the whole twelve months, which were great. Check back soon.
On to 2012…