Trading Journal: Small Loss Thanks to End of the Month Profit Taking

7 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

this week has been tricky due to Friday. And Friday only. The total result for ecs.LIVE service for the last week was 15 trades with 10 wins and 5 losses adding up to a total of -4 pips. 

Let’s review last week’s stats and the trade of the week.

10 Wins & 5 Losses with the Total -4 Pips

The trading week was developing well until Friday came along. Friday’s profit taking coupled with month’s end profit taking created some losses. The total of the week therefore closed at -4 pips and -0.68 % ROI. 

Fortunately, the loss was minor (less than 1%). But still, it is a pity to lose the +2.37 % gains that we had before Friday. 

A new rule is going to be applied from now on: only a maximum of 1 trade on each last Friday in the month. 

Here is the total summary of our result per month.

Due to the specific risk portfolio of each trader, I urge you to take a look at our SpreadSheet where I have been thoroughly writing down each trade I send in the Telegram channel.

Trade Summary

1 Apr 26 GBP/JPY Short 150 0.50 Win 26
2 Apr 26 GBP/JPY Long 149.85 0.50 Loss -75
3 Apr 26 AUD/USD Short 0.779 0.50 Win 20
4 Apr 26 NZD/USD Short 0.722 0.50 Win 18
5 Apr 27 GOLD Short 1782 0.50 Win 40
6 Apr 27 AUD/JPY Long 84.3 0.50 Loss -55
7 Apr 27 AUD/USD Long 0.7792 0.50 Win 22
8 Apr 27 EUR/USD Long 1.2055 0.50 Win 25
9 Apr 28 GBP/USD Long 1.387 0.50 Win 14
10 Apr 28 GBP/NZD Long 1.922 0.30 Win 8
11 Apr 28 GBP/USD Long 1.387 0.30 Win 35
12 Apr 29 GBP/USD Short 1.396 0.50 Win 22
13 Apr 29 EUR/USD Short 1.2115 1.00 Loss -35
14 Apr 30 GBP/USD Long 1.391 0.50 Loss -33
15 Apr 30 GBP/USD Long 1.3916 1.50 Loss -36

Trade of the Week: GOLD

Gold was again one of the best trades of the week. I have chosen GOLD due to its consistency in making profits and again the highest pip count in the last week.

The risk was 0.5 % on this trade:

To get a much deeper understanding of the Black Widow please read this article. You can get both the live trading setups and CAMMACD system that generates them via our website.

Cheers and safe trading,
Nenad

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