Talk about some good timing. A couple days ago I closed out half of my USD/CHF trade for a 77 pip profit after the up move stalled on the hourly charts. I then moved my stop up to just under the most recent day’s low and was going to let the other half ride.

Boy am I glad that I did both of those things because yesterday price broke down and hasn’t looked up since. The play was always meant to catch a
very short-term move because the daily chart was setting up for a picture perfect bear consolidation. In hindsight, going for anything more than an hourly pop may have been an error on my part due to this fact. But I have another 43 pips net to show for my lesson which brings my net profit since switching to FX Trading in January to 1,045 pips accross 13 trades with an average profit of 80 pips/trade and Win Rate of 69.23%

I’ve been very hesitant to publish these numbers so far because, quite frankly, they are the best trading stats I’ve had since I started trading full time and I’m affraid that my present level of profitability is probably unsustainable over the long haul. That doesn’t mean I’m expecting to loose money going forward, but I’d be very surprised if I can spit out another 30% return on my portfolio next quarter. I hope I’m wrong, and I’m sure going to do my best to be wrong and keep these results going.