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 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
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 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
It was a much tamer month. We had two Holidays plus the Friday after Thanksgiving, so less trading days and 10 less calls that triggered that October. There was a lot of back and forth and we essentially won half of the trades, which is fine and sometimes all you get. Having said that, we still netted out around 75 pips in the pure data including partials, stops, and final exits. Nothing like the last two months, but nothing to complain about. One more month and then we will put the entire year into perspective.
The ranges stayed very average, with almost none of the pairs changing their six-month average daily ranges by more than a couple of pips. AUDUSD was the only pair that posted a gain here of 7 pips, which is nice. Because of the wider ranges in the AUDUSD, I have been looking at it for trade setups as well, but haven’t seen a ton that I like. We also had some key Value Area plays during the month.
Have a great last month of the year and Happy Holidays to all!
On to December…