Home / Forex & Currency Exchange News / Your 2016 Trading Results Poll

Your 2016 Trading Results Poll

I still have one 2016 trade active (NZD/USD short from ascending channel), and there is a pending order carried over from 2016 (USD/CAD ascending channel). Nevertheless, it is now time to calculate my profit for the past year. The remaining position and order will count for 2017 results.

Unfortunately my minuscule 2015 profitability has turned into a loss in 2016. Although a 0.7% loss is not a big deal, it is still a loss. In 2016, I have made 13 trades vs. 17 trades in 2015.

My trading performance in 2016

Profitable trades

Three out of four of my profitable trades were double tops — one in GBP/CAD, and two in AUD/NZD. This means that all of my 2016 double top trades turned profitable. The remaining profitable trade was a descending channel in USD/CAD and it was also my best trade last year.

Worst losers

My worst trades have one word in common — ‘triangle’. The worst one was the symmetrical triangle in EUR/NZD on the weekly chart. Then comes the symmetrical triangle in CAD/JPY on the daily timeframe. And the third worst trade was the ascending triangle in EUR/AUD on the 4-hour chart.

Other trades

The 13 trades I take into account when calculating 2016 profitability are based on my main strategy. It is focused on chart patterns and dictates clear rules for entries and exits. But there were two trades in 2016 that I do not include into my performance results:

  • Long USD/CNY trade in January-February. It was based on fundamentals and ended up with a stop-loss due to my poor choice of SL in this particular case. The yuan did fell in 2016 eventually.
  • GBP/NZD carry trade that I opened back in August and increased the volume in October. It shows significant positive paper profit whereas its overnight swaps have already brought back 10% of the total risk.

I would not call 2016 a lucky year for my Forex trading. I am looking to register a much better performance in 2017. And how about you?

Poll

Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll.

If you want to share some more information about your Forex trading performance in 2016, please feel free to do so using the the commentary form below.

Posted on Forex blog. Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

Fibonacci Retracements Analysis 23.11

Fibonacci Retracements Analysis 23.11.2017 (AUD/USD, USD/CAD)

Article By RoboForex.com AUD USD, “Australian Dollar vs US Dollar” At the H4 chart, the AUD/USD pair is moving downwards and has already reached the retracement of 76.0%. The convergence may indicate a possible correction to the upside. The closest target are the retracements of 23.6%, 38.2%, and 50.0% at 0.7668, 0.7755, and 0.7825 respectively. […]

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php