Trading Account
Monthly Trading Results
Monday, October 5, 2009
September wrap-up
I've updated the results graphs for the month of September. Overall it was a good month as the volatility picked up towards the end. My learning activities have evolved quite a bit as I've found another way to trade that makes sense and focus much of my time on that plan. I'm only trading $.10/pip on that at this point but plan on increasing that as my skill set improves. The new trading style was negative for the month and is reflected in the posted results, but I see that as nothing more than the cost of experience and information. October is off to a good start and I'm looking forward to seeing where my trading goes from here.
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Hello there. How do you exit from your trade?
ReplyDeleteThank you.
Jack
Jack,
ReplyDeleteAre you referring to the eur/chf mean reversion trades or the newer trades I'm working on for the AUD/USD, EUR/USD, and USD/JPY?
EUR/CHF
ReplyDeleteThank you.
Jack
That depends on how the pair is moving. During more traditional times (without the fear of intervention from the SNB) I close each position as it retraces back toward the mean, usually around .25% from my entry point, or 35-40 pips. With the pair being so range-bound lately I've adjusted my entries and exits to reflect the much more muted movements. Now I enter anywhere from 5 to 15 pips from the overnight position, and then take profits at 5 or 10 pips as well. I will continue to do this until the daily range goes back towards its traditional levels.
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