27/5 – My week as a currency trader



  • Returned from the US on Monday, and was then back in the central London office for the remaining four days of the week.


  • I continued with my testing exercises (including a solid 5 hours on the flight back from New York) – this time reviewing the charts from March’15 thru to Feb’16 identifying all valid setups.  Still got a bit to go on this – next week!  Am comparing these backtesting results with the testing I did in ForexTester2 over the same period.  I am referring to the later as my ‘forward testing’.


  • I also reviewed the month of May’16 for setups across the 30+ instruments.  With a couple of trading sessions remaining, I counted 39 setups, rendering a small profit.  My live trades were roughly on par with the backtesting – though somehow I managed to trade predominantly losing days, and happened to miss out on sessions on which the setups worked (I was away in Scotland and US for quite a few sessions, and thus couldn’t trade).


  • In my view, the markets seem to be quietening down a lot – this is apparent from the steadily decreasing ATR (average true range) readings on all instruments.  Thus on the whole, I should expect less setups to occur and for the setups to be less effective than in more dynamic and/or trending markets.  Here is a slideshow of the trades I took this week.  All in all, I had six trades and incurred a net loss of 0.2R.


This slideshow requires JavaScript.


  • I also posted a fair bit on the Trade2Win forum this week – with quite a few of the posts relating to risk/money management concepts and specifically the concept of Kelly betting.  I thought these posts might provide some useful reading so I have linked to the thread here.  Also had some good conversations on the topic with one of the trading colleagues in the office.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.