September Trading Results: 127 Pips

I haven't posted in a while so I thought I'd give a quick update on my EUR/USD trades so far this month (this is the only pair I'm currently trading).

The majority of my trades have been shorting the Euro: in fact I was short the EUR/USD pair for all last week (9/4 - 9/8). Overall the majority of my trades have been on target, as the dollar has strengthened significantly this month.

In total, I have been holding short positions for 8 trading days. These were interspersed with 3 days of long trades, which all turned out to be profitable and relied on some of the exhaustion principles I've discussed before.

In total, my September trades so far have yielded 93 pips on short trades and 34 pips on long trades, after subtracting spread costs, for a total of 127 pips this month. Since the short trades are also interest-positive, I've made $40 in interest as well, a nice change since I'm usually slightly negative in the interest column. I also missed a great 42 pip short trade on Sept 5 because I was at a barbecue and didn't manage to check my signals in time. Oh well...I guess it's a good incentive to further automate my trading system.

Currently I'm in the midst of another attempted short trade that went awry and is currently showing a loss of 25 pips, which is included in the totals I just quoted.

Overall I'm expecting the bearish sentiment against the Euro to continue through the rest of the month, so I'll probably be in a lot more short than long trades over the next couple weeks. I'll post again around the end of the month with another update on my trading results. Best of luck to my fellow traders out there!