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: 26
Number of losers: 16
Winning percentage: 38.5%
Worst losing streak: 5 in a row
Net pips: +10
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 2013

Number of trades: 28
Number of losers: 11
Winning percentage: 60.7%
Worst losing streak: 2 in a row
Net pips: +325
Any way you look at it, this was a great month. If you had four of these a year, you’d be set. The win ratio was high, and even the max losing streak of 2 in a row was something we hadn’t seen for a while. And, it didn’t just come down to one or two plays. We had several trades that finally carried over between days and went for bigger gains, which makes sense when you look at the US Dollar Index and the movement that it finally saw. This is what Forex trading should be like.
In general, ranges have expanded, and while I wouldn’t say that we are back to the GBPUSD seeing 150 pips and EURUSD seeing 130 pips that we expect on average over time, it’s still much better than the EURUSD getting 75 pips or so every night. There really haven’t been too many nights outside of Holidays where ranges were that horrible. Let us hope that this continues into March.