Starting balance: £7,083.36
Target return: £247.91 (3.5%)
Actual return: £120.93 (1.7%)
Win rate: 50%
Closing balance: £7,204.29

Still not been a great month. Holiday and renovations got in the way of things this time! I’ve really only been trading the odd day and this last week, so I’ve been lucky to make any money really. Very sporadic and you’ve got to take all of the set ups to really maximise the strategy performance.

I have started to log my missed trades this last week more diligently so that I can see whether I am dodging the right trades and of the ones I miss, why I am missing them. Hopefully the October review will have some findings I can implement.

September’s Goals

Here are the goals I set myself at the start of the month.

• Maintain a 40% win rate – Success
• Do at least one scan every trading day – Miss
• Log all my missed trades with reasons why I didn’t take them – Miss

Daily performance

	All Signals	Win Loss %	Signals Taken	Win Loss %
Winners	3	37.5%	0	0%
Losers	2	25%	0	0%
Still live	2	25%	0	0%
Missed	1	12.5%	0	0%
Total Pips	162	-	0	-

4H performance

	All signals	Win Loss %	Conf. signals	Win Loss %	Signals Taken	Win Loss %
Winners	14	53.8%	10	55.6%	3	50%
Losers	11	42.3%	8	44.4%	3	50%
Still live	1	3.8%	0	0%	0	0%
Missed	0	0%	0	0%	0	0%
Total Pips	1,150	-	954	-	176	-

September trade log

A mixed bunch. I shouldn’t have taken the S&P500 short, not on my plan to trade that market. The gold trade should’ve been followed by a 200 pip winner but I didn’t check each morning. The Oil trade would’ve been a loser had I not traded the wrong market.

#	Date	Stgy	Mkt	Pos	Acc Rsk	Open	Stop	Stp Pips	Tgt	Tgt Pips	R:R	Close	Fnl Pips	Fnl R:R	Days	P&L (£)
1	01 Sep 17	DST	NZDUSD	Long	0.75%	0.7162	0.7125	37	0.7261	99	2.67	0.7240	78	2.1	6	85.53
2	04 Sep 17	DST	AUDCAD	Long	0.6%	0.9865	0.9846	19	0.9919	54	2.84	0.9909	44	2.32	2	66.83
3	06 Sep 17	DST	EURGBP	Long	0.75%	0.9150	0.9127	23	0.9214	64	2.78	0.9127	-23	-1	1	-41.30
4	06 Sep 17	DST	Gold	Short	0.5%	1340	1344.7	47	1319	210	4.46	1346.6	-66	-1.4	2	-53.44
5	18 Sep 17	DST	SPX	Short	0.6%	2501.2	2506.5	50	2348	1535	30	2506.5	-50	-1	2	-40.00
6	21 Sep 17	DST	Oil	Short	0.6%	50.57	51.15	58	48.26	231	4	50.57	-4	0	1	-1.80
7	21 Sep 17	DST	CADJPY	Short	0.6%	91.20	91.75	55	-	-	-	-	-	-	-	-
8	22 Sep 17	DST	GBPJPY	Short	0.65%	152.15	152.99	84	149.48	267	3.1	150.18	197	2.34	4	107.73

Miss of the month – Gold

Down to my poor routine, I got stopped out, got another divergence entry to go short but wasn’t around to trade it. Frustrating because it corresponded to a trendline touch and a test of the m100.

4H Divergence Chart

Double divergence into the trendline confirmed on the 1H chart.

Daily Chart

Not much to report here.

Weekly Chart

Same – not much going on.

Monthly Chart

Run into w100.

One last point – I haven’t heard anyone not being positive about the future of Gold. However my trendline in red looks fairly bad for Gold. Price has crossed it – retested it and I can see a move down to the m200 around 1000 area.

I’ll only trade the divergences I see, but I wouldn’t be surprised to see Gold head lower.

New goals

Keep them the same plus one other which is the goal I most want to complete next month.

• Trade at least 50% of the confirmed divergences I see.
• Maintain a 40% win rate
• Do at least one scan every trading day
• Log all my missed trades with reasons why I didn’t take them