This will be a short blog as I am currently on my Easter break from trading. My next DRIVE THRU blog is scheduled for next weekend the 11th April 2021, when my blog will return with extra goodies that will hopefully please readers!
The purpose of this release is primarily just to formally document the March 2021 WEEKLY FX PREMIUM performance. As A little bonus, I will be recording and releasing a MARCH 2021 and Q1 2021 DRIVE THRU ZOOM, check your inboxes!
Overall, March 2021, was a really good all-round performance for the FX PREMIUM. All of my key targets and objectives on the top line were achieved. The behind-the-scenes components that I measure myself on are still a little skewed from where I want them to be, so my report card still requires a little more focus.
THE WEEKLY FX PREMIUM:
MARCH 2021: + 2,096 net pips generated.
2021 OBJECTIVE = 15,480 pips
38.83% of target now achieved
I am holding a number of positions over into April 2021. I basically have 5 x Position Trades (Core Positions), which for some positions are multi-position holdings. In addition, I have 4 x Radar Trade positions and 2 x FLASH trade positions. In total, counting individual trades there are 28 of them, which, is about the normal quantity for me.
One piece of historical and comparable information that leapt off the page at me was the comparison of pips gained in 2021 versus 2020. Last year in March 2020, I added +6,166 pips. That was my best ever Monthly performance since launching a PREMIUM PAID service for subscribers.
So, the end result comparing Q1 2020 with Q1 2021 is that in 2020 my pip total stood at +11,066 pips compared to +6,011 pips this year... a mere 5,055 pips behind last year! Whilst one cannot compare directly this type of performance it does underline how good 2020 was for my trading.
1. THE SOAPBOX:
Due to “Trading down time” this feature will return in next weeks DRIVE THRU.
2. WEEKLY FX PREMIUM: MARCH 2021 PERFORMANCE:
The complete set of spreadsheets can be found on my homepage at https://www.weeklyfxdrivethru.com under the “History / Performance” tab, sub section “This Year’s Performance”.
2.1: MARCH 2021 OVERVIEW:
2.2: MONTHLY PERFORMANCE SUMMARY:
2.3: YEAR TO DATE PERFORMANCE SUMMARIES:
2.4: MY THOUGHTS ON THE MONTH and YEAR TO DATE:
2.4.1: THE NUMBERS:
Whilst it was not as month as spectacular as March 2020, to generate over +2,000 pips and hit all of my back and front of office objectives gives me a very warm feeling.
So, as usual let me list out in bullet point format the high points and then the low points from the month: -
- I took a positive +2,096 pips.
- My pips per completed trade = 55.16 pips against an objective of 40.00 pips per completed trade.
- Ratio of Winning to Losing trades was 83% / 17% against an objective of 80% / 20%.
From a year-to-date perspective: -
- Year to date total = +6,011 pips which equates to 38.83% of my annual objective of +15,480 pips.
- Pips per completed trade are at 48.48 as an average from 124 trades completed this year thus far. This is ahead of my annual objective of 40 pips per completed trade and shows a healthy increase over last month.
- The ratio of winning / losing trades now sits at 84% / 16%, which is ahead of my objective of 80%/20%.
Basically, in every area of measurement I am ahead of my objective. Obviously, I am extremely grateful and delighted. Overall, after the first quarter of 2021, I am very happy. There was a lot of pressure on my performance given that 2020 was a storming performance and although I trail 2020 by just over 5,000 pips, I am well on target for my 2021 objective.
2.4.2: THE TRADES:
Looking quickly through the completed trades for March, there are no specific pairs that stood out as “Go To” pairs to trade. I picked up pips across commodity currencies, JPY pairs and the USD majors.
Overhanging all of my trading decisions, since the turn of the year are my FUNDAMENTAL views and thoughts on the market and what potentially lies ahead. I do at times feel like “THE BOY THAT CRIED WOLF” on the basis that I am expecting and have been expecting a turn lower in RISK. I patiently wait....
Three trades completed this month. A nice +175 pips off NZD/USD (FLA012) short and then just to balance things two losing trades EUR/USD and EUR/JPY. I still maintain that I was the victim of a EUR short covering squeeze hence the total 85 pip loss!
Regular readers will know that I had really been trading shy of this trade style, as year to date I have only completed 14 trades of the style. As we move through 2021, I will look to add more FLASH trades. If they were all like FLA012 happy days!!
At the very least, the March performance wiped out the negative performance I had of this trade style at the start of the month!
19 total trades in March; 17 with positive outcomes and only 2 with negative results.
The losing trades were USD/MXN and NZD/CAD with losing pips totaling 230 pips. On the positive side great pips were made from GBP cross rates, the USD/CAD, AUD/USD and EUR/JPY.
With this trade style I am always looking to make day trades into swing trades but as you can see from the excel spreadsheet below, many trades just have a day or two in existence. There are exceptions, when I needed all my powers of patience to sit trades out that took a lot longer than anticipated to gain traction in the direction that I wanted.
I am still operating a “Grab ‘n Go” approach with my CORE trades. Having multi-positions in place allows me to take this approach. So, there are no real surprises in that I am taking 50 pips here and there across all the trades.
I did close my EUR/CHF CORE POSITION (CP11) last month. The reason for this move was simply that the pair was just stuck in a range. Even with the help of higher U.S. Bond Yields we have not yet seen a huge break higher.
3. MY FREE CONTENT SUMMARY:
3.1: DRIVE THRU BLOG “FREE NEWSLETTER & DRIVE THRU ZOOM:
If you already subscribe to this DRIVE THRU blog NEWSLETTER, you will also receive into your inbox each weekend my video DRIVE THRU ZOOM and both are 100% FREE. Both are delivered usually before noon New York time every Sunday that I complete a DRIVE THRU blog.
For those of you who pick up the COFFEE SHOP / CHIRINGUITO version of this blog, if you want THE DRIVE THRU ZOOM, you will need to subscribe to this blog. Obviously, I would prefer if you subscribed to the FX PREMIUM and came on board for the FX journey of 2021 in its entirety. FX PREMIUM subscribers get so much more by way of content and do NOT forget they also get the opportunity to take profit winning trades as well.
Why do I provide FREE content?
Very simply, I hope that what I provide FREE will tempt you to look at upgrading to a FEE-PAYING subscription to my subscription service THE WEEKLY FX PREMIUM. Details about subscription costs can be found on my website https://www.weeklyfxdrivethru.com under the TAB on my landing page titled SUBSCRIBE.
3.2: MY FREE E BOOK & FREE video ZOOM:
In addition to the above content NEWSLETTER subscribers will also have access to my E BOOK called, “Forex Trading My Way... It Could Also Work For You”, which looks at FX Trading Goals and Objectives for THE WEEKLY FX PREMIUM through 2021.
To partner my E BOOK I have also completed a short overview ZOOM video presentation, links to connect to both are below: -
FOREX TRADING... MY WAY – IT COULD ALSO WORK FOR YOU
THE WEEKLY FX PREMIUM...
TRADING GOALS & OBJECTIVES 2021
E BOOK 2021 LINK:
ZOOM VIDEO LINK:
4. WEEKLY FX PREMIUM SUBSCRIPTION INFORMATION:
Basically, my website landing page has all the information that you would need to make a qualified decision about whether or not the WEEKLY FX PREMIUM would be a good fit for you or not. Lots of information about the way I do things, plus, previous reports about my trades, my trade styles and my trade projections for the year are located on my home page by selecting the appropriate tab located at the top of my home page.
Basically, there are 4 options for subscribing: -
- Monthly revolving subscription following a 10 day for $10 trial then a monthly CAD$250.00 per month.
- 10 weeks (c.3 months) = CAD$600.00
- 20 weeks (c.6 months) = CAD$1,000.00
- 40 weeks (c.12 months) = CAD$1,500.00
Further information about how to subscribe to the WEEKLY FX PREMIUM is also located at the top of my welcome page at https://www.weeklyfxdrivethru.com under the “SUBSCRIBE” tab.
5. WEEKLY FX PREMIUM SUBSCRIBERS:
(This section is delived via a separate version of this blog)
6. MY FINAL THOUGHTS:
Always remember longevity in Forex trading can only be achieved through trading with good RISK, TRADE and HEAD MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility. Trade with a TRADE PLAN, basically, plan your trades and Trade your Plan.
Mental toughness is key, and this is all about emotional control. Your mind can do amazing things, but only when it wants to, threat and alert will get your mind’s attention.
“Everyone has ability. It always comes down to mind games. Whoever is more mentally strong, wins” – Mohammed Ali.
Remember when you are trading you are on your own. It is you and you alone who presses the execute button.
“Coming second only means that you are first of those who lose” – Ayrton Senna
Finally, be GRATEFUL for your wins and COUNT THEM. Keep a POSITIVE MINDSET in play at all times, regardless of the market conditions.
The Pip Accumulator
BLOG VERSION: #407 FREE NEWSLETTER
DATE: 4th April 2021