Hi Folks and what a year it has been.

Full of the usual ups and downs as well as many short term trials and tribulations. Looking back on the year in general I would say that it has been a little bit tricky to say the least.

The short term day to day trading saw two vastly different trading conditions. Many a time it was an absolute nightmare to trade, which was often swiftly followed by some very fast profitable movements with minimal input and nothing to do but sit back and read the papers.

This past 12 months has been particularly exciting as well with continued strategy development of what is now my main strategy, FurQuad Snatch.

Overall it has been a pretty good year but it has been hard work to maintain more from a psychological view point, due to the stop start nature of a lot of the movements.

Below you can see the outcome of the year in the live training rooms performance of the trades that have been talked through in real time as they were developing.

The figures below are the cumulative performance and start from March 1st which is when the FurQuad Snatch strategy was rolled out.

This table below represents the same data in table format and in some ways is a little easier to see just what was going on.

FurQuad Snatch started off in March trading just two pairs, EURJPY and GBPUSD. This was partly due to it being a new strategy for myself as well as the Live Room members. So to keep things to a minimum while trading and training members in the new strategy just those two currency pairs were traded.

May saw the introduction of GBPJPY and AUDJPY and October I added EURUSD and AUDUSD. What you can also see in November is the ceasing of AUDJPY. This pair for the moment is on hold from trading and I have not yet replaced it with anything suitable.

The bar chart below is the performance by day of week. One of the thing that I have not been able to do in my trading over the years is to spot any trends by the day of week for my previous strategy.

One thing that has been a common theme is that Wednesday's have been absolutely horrible, so I thought I would include this by day of week performance.

What is not obvious from this chart is actually how bad a Wednesday has been for my strategy. In the big picture you can see that Monday is actually only slightly better than a Wednesday but this year (particularly in the second half of the year) Wednesday has seen multiple entry signals that had little follow through. Generally a very nasty day to have been trading.

Will this common theme continue? In past years I've not been able to make this type of observation as there has been no regular pattern in the days of the weeks performance and I will continue to monitor the situation. It may be a case of a slight adjustment to position sizing to take advantage of the performance of trades initiated on certain days of the week.

What is note worthy though it the significant performance of trades initiated on a Tuesday and a Thursday.

Fridays low performance can be easily explained as one of my trade filters often keeps me out of new trades on a Friday as well as it being the last day of the week and by time Friday afternoon comes around I'm seriously thinking twice about new trades going into the weekend.

So on Fridays its not a case of under performance, its more a case of low opportunity.

I think it would be fair to say that at this stage I will not be putting too much emphasis on the day by day performance as this is only a short term trend and my longer term experience tells me that this is not a regular trend but it is certainly worth monitoring.

This nasty looking chart is the non cumulative week by week performance. Again I think that the table format below is slightly easier to read.

What you can see a little more clearly is that 32 out of 39 weeks have been profitable since the FurQuad Strategy was rolled out at the beginning of March.

The gap in data in November is due to a much needed vacation as well as no new strategy trades are being taken during the weeks starting 20th and 27th of December.

Notes

1. Results are compiled to reflect multiple lot trading and scale outs. A gain would be compiled; +20 + 40 +60 = +120. A loss would be compiled; -20 -20 -20 = -60. Net pips if these were the only two trades for the week would be +60
2. Trading for me is between 6am and 6pm.
3. Lunch breaks in the LTR are between 11:00and 13:15 with at least 30/40 mins away from screen normally between 11:00-12:00 depending how the charts are unfolding.
4. Pre-news rule applied 3 times a month where there are no new trades initiated.
5. UK and US holidays are usually not traded.

DISCLAIMER

I'm producing this overview solely for my own benefit to help me identify that my system is performing as expected and in line with the historical back testing.

THIS IS NOT A SIGNAL SERVICE. NO TRADING ADVICE OR RECOMMENDATION TO TRADE IS GIVEN. THE INFORMATION PRESENTED HERE IS A REPRESENTATION OF THE AUTHORS VIEWS. 

Trading of securities, options, futures, and forex may not be suitable for everyone and involves the risk of losing part or all of your money. This service is educational in nature and is designed to contribute to your understanding of technical analysis. Use it how you want and at your own risk. We are not registered investment advisers. This information is a general publication that reflects our own opinions and is not a specific recommendation to any one individual. You must consult your own broker or investment advisor for investment advice. Past performance is not a guarantee of future success. Controlling risk through the use of protective stops is essential.

Additional Warning

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