Before we get to February’s numbers, here is a short reminder of the results from January. The full report from January can be found here and you can get the last several months in a row vertically by clicking here and scrolling down.

Tradesight Pip Results for January 2015

Number of trades: 23
Number of losers: 13
Winning percentage: 43.4%
Worst losing streak: 6 in a row
Net pips: -50 pips

Reminder: Here are the rules.

1) Calls made in the calendar month count. In other words, a call made on August 31 that triggered the morning of September 1 is not part of September. Calls made on Thursday, September 30 that triggered between then and the morning of October 1 ARE part of September.

2) Trades that triggered before 8 pm EST / 5 pm PST (i.e. pre Asia) and NEVER gave you a chance to re-enter are NOT counted. Everything else is counted equally.

3) All trades are broken into two pieces, with the assumption that one half is sold at the first target and one half is sold at the final exit. These are then averaged. So if we made 40 pips on one half and 60 on the second, that’s a 50-pip winner. If we made 40 pips on one half, never adjusted our stop, and the second half stopped for the 25 pip loser, then that’s a 7 pip winner (15 divided by 2 is 7.5, and I rounded down).

4) Pure losers (trades that just stop out) are considered 25 pip losers. In some cases, this can be a few more or a few less, but it should average right in there, so instead of making it complicated, I count them as 25 pips.

5) Trade re-entries are valid if a trade stops except between 3 am EST and 9 am EST (when I’m sleeping). So in other words, even if you are awake in those hours and you could have re-entered, I’m only counting things that I would have done. This is important because otherwise the implication is that you need to be awake 24/6. Triggers that occur right on the Big Three news announcements each month don’t count as you shouldn’t have orders in that close at that time.

You can go through the reports and compare the breakdown that I give as each trade is reviewed.

Tradesight Pip Results for February 2015

Number of trades: 23
Number of losers: 12
Winning percentage: 47.8%
Worst losing streak: 3 in a row
Net pips: +85 pips

The start of February felt like the Forex market was still scarred by the shock of the Swiss National Bank news from January. The ranges were poor and not much was going on, as if everyone were afraid to trade. This led to some losses early, but then things started to pick up again in the second half of the month as that shock wore off, and we started to see more normal Forex trading again. By the end of the month, 6-month average daily ranges on the EURUSD and GBPUSD had risen 6 and 7 pips, respectively, which is a decent amount on a 6-month average. As I write this, March is already much-improved, so it feels like the Forex market is back to normal after the SNB-shock detour.