Before we get to December’s numbers, here is a short reminder of the results from November. The full report from November 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 November 2012
Number of trades: 21
Number of losers: 13
Winning percentage: 38%
Worst losing streak: 4 in a row (end of the month)
Net pips: -45
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 December 2012
Number of trades: 25
Number of losers: 9
Winning percentage: 64%
Worst losing streak: 3 in a row (during the Holiday week)
Net pips: +185
Although we only count the raw numbers, we continue to be at half size now for the last four months due to the horrible Forex ranges (which may be improving finally). This was a much improved month that wiped out much of the losses of the last three months while still being half size. Our winning percentage jumped considerably, as you can see in the numbers above. 64% is well above the expectation for winning trades, and it certainly makes for better months. We saw slight improvement in ranges in all of the pairs from prior months (EURUSD back up to 100 pips for the month or so, an improvement on November’s 80 pips). With the fiscal cliff deal done (although another dumb battle looming), hopefully ranges will continue to improve, and we can get back to full size in early 2013 finally.
I have a separate end of year summary report for Forex going up behind this one, so I’ll just leave this as is.