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Gold trade loking good

The Gold trade from last week looks pretty good with very solid bullish momentum. The target is around 1282, giving us a three to one prospect in terms of R:R.

XAUUSD

XAUUSD

A review of 2015 performance : +33%

Well the time has come to look back at 2015 performance and analyze the year.

First of all a huge satisfaction because this is my first winning year, standing at +33%, with five winning months and two losers. I only traded 7 months this year since I had a move that took me out of markets from July to October.

Monthly verified performance

Monthly verified performance

So the first thing I can say is that the system I trade (explained here) is capable of producing good returns. I have stuck to it for the whole year, and as shown in the stats below my risk management is probably the single most important element of the year with a R:R standing at 1.9 (my average gain was close to twice my average loss).

MyFxbook verified statistics

MyFxbook verified statistics

My win / loss ratio stands at 43% which is actually quite good, since when you combine it with strict money management the maths just play out.

I have to say that this blog has helped me tremendously since it has given me discipline. By publishing absolutely all of my trades, I am open and transparent on my performance and therefore if I want things to be consistent I cannot step out of line from the system I trade. So before I go into any further analysis I would say this year’s gain is due to three main things:

  1. A good system that works
  2. Discipline in trading the system, no fooling around with other systems
  3. Strict money management

My drawdown has not exceed 10%, my average risk per trade as never gone much further than 1% per trade, and looking at individual trades in a little more detail 18% of my trades generated 85% of the profit, which is way better than Pareto’s law….

Success in trading always goes by the same rules :

  • Keep risk at a minimum. Your most precious asset is your capital, preserve it.
  • A few good trades will make the year, make sure you play them out and manage to keep cool in drawdowns

Merry Christmas everyone and see you in 2016, let’s see if we can improve on these results.

CAD JPY entry

Just entered a CAD JPY short trade.

The pair is in a clear downtrend, price is below cloud. We’re consolidation with a flat Kijun but a clear slope on 21 EMA. Stop at the latest fractal, which is quite close so risk is very tight on this one.

cadjpy entry

cadjpy entry

Two losses on EUR/CAD and GBP/CAD : -262 pips

Two trades taken out by stops placed at fractal level, overall loss is 262 pips.

eurcad loss -177pips

eurcad loss -177pips

gbp cad loss 85pips

gbp cad loss 85pips

Both open trades looking good

Both of my open trades are looking good. time to manage them smartly. Reduce risk but leave room to breath, wait for next fractal to trail stop.

eur gbp good

eur gbp good

eurusd good

eurusd good

Going long GBP/AUD

Good entry point on this pair where the signal was given yesterday. Price above cloud, 21 EMA and Kijun have good slope, 7 period RSI has dipped towards 50 line and is now picking up indicating renewed momentum. Go long, stop at latest fractal.

Ichimoku signal

Long trade on GBP/AUD

Both trades looking good, up more than 500pips

My two open trades are looking good, GBP/USD and GBP/JPY are up 223 and 284 pips so far.

Stops have been trailed to latest fractals.

Keep going.

Ichimoku cloud

GBP/JPY looking good

 

Ichimoku strategy

Looking good GBP/USD

GBP trades looking good, trailing my stop to fractal

Both GBP trades are looking good, I’m trailing my stop to the latest fractal on GBP/USD

Ichimoku cloud

Trailing stop on GBP/USD

I am long GBP/USD and GBP/JPY since yesterday

Two long signals given yesterday on GBP/USD and GBP/JPY, so far so good.

My stops have already been trailed to the latest fractal.

Ichimoku cloud

Long GBP/JPY

Ichimoku cloud

Long GBP/USD

Stopped out on XAUUSD : -19pips

Ichimoku cloud

Stopped out on XAU/USD : -19pips