Trading results for September 2016. Profits: +$1,486

Published 30.09.2016 at 06.43 PM.

Dear friends! Another trading period has come to an end and I’m going to sum up my results for September 2016. This month witnessed lots of significant events that had a strong impact on the market. However, most trading instruments have still been showing us the same sideways movement we saw after Britain’s vote to leave the European Union. The EUR/USD pair stands out most of all, moving in a 200-pip range throughout September. Despite the fact that the market repeated the August dynamics scenario, profits rose fourfold to $1,486 this month.

I traded on three accounts: main, commodity, as well as mid- and long-term.

Account No. 1

This is my ‘workhorse’ as this account has the key workload; and this month I loaded it to the utmost. Once the account balance exceeded $10,000, I decided to increase a deal volume. To tell you the truth, it wasn’t such a great experience. A psychological factor intervened and deposit shrank by 20%. This reminded me of Winston Churchill’s saying that Russians “create their own difficulties which they successfully overcame later”. The drawdown was offset and I returned to a usual volume. Profits on this account totaled $262.

Account No. 2

This month commodities followed forecasts without a hitch, so I took the opportunity and a positive result was forthcoming. Accurate entries brought me $790in profits with the maximum drawdown of mere 1%. Profits could have been higher, but before the OPEC meeting I decided not to take risks and before its outcome stopped trading crude. My yield curve can be named the gold standard for both beginning and professional traders.{#268}

Account No. 3

For mid-term trading I chose two currency pairs known for their non-retracement movements: USD/ZAR and AUD/NZD. In the first half of the month, the USD/ZAR dynamic was clear and I made first 400 pips in quick profits. Because of the wave formation indicating the trend continuation, I tried to resume the long position after the 38% and 50% retracements. Unfortunately, my expectations didn’t come true - I had to give the reaped profits away and paid 2 stops to the market. But the third trade from the 62% Fibo rate turned out to be successful and brought me 400 pips. However, it was a mid-term purchase on AUD/NZD that stuck in my memory. The first half of profits has been fixed, and the other half is at breakeven waiting in the wings. I was content with the final result of $434 in profits.

Colleagues, please share your trading successes with me in the comments below.{#13}

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