One correction for the month of May performance results: on May 16th we erroneously reported a loss of 39 pips instead of 51 pips (thanks @Max). This update has been reflected in the May results.
Overall a disappointing month for us as we closed out at 14 pips positive. While positive pips are always good pips, we suffered from extra trend line volatility at the point of break in May that increased our rate of false breaks. That same volatility also stalled out several profitable trades before they could reach their target.
Summer months typically tend to “calm down” the markets, nonetheless we will counter the volatility by moving our trend lines closer to the current price action (increasing risk), while only taking trades in the direction of the daily trend (reducing risk) to give our positions better entry points.
Viewing 1 post (of 1 total)
You must be logged in to reply to this topic.
LEGAL DISCLAIMER AND RISK WARNING
Foreign currency exchange trading is highly speculative and is suitable only for those who (a) understand and are willing to assume the risks involved, and (b) are financially able to assume significant economic losses. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Trading on margin can amplify both gains and losses in your account. Before deciding to trade foreign currencies, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading and seek advice from an independent financial advisor if you have any doubts.
All contents or information displayed or contained on Piphut.com are based on a number of assumptions which may not be fully disclosed or explained. Hypothetical trading or performance has many inherent limitations, including the benefit of hindsight and the fact hypothetical trading or performance involves no economic risk. Variables such as the ability to adhere to a particular trading program despite trading losses and maintaining adequate liquidity are material considerations that can adversely affect actual trading results. No representation or warranty is being made or given that any account will or is likely to achieve profits or losses similar to those displayed on Piphut.com. There are frequently substantial differences between hypothetical performance and the actual performance subsequently achieved by a trading program. You must exercise independent judgment when making investment or trading decisions. Past performance is not indicative of future results. Please read the User Agreement and Risk Disclosure Statement for more information.