April: Up 4.02% For The Month; 6.23% YTD

By CurrenciesMay 02, 2013 01:08AM ET

www.investing.com/analysis/april:-up-4.02-for-the-month;-6.23-ytd-165294

April: Up 4.02% For The Month; 6.23% YTD

By | May 02, 2013 01:08AM ET

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USD/CAD

-0.01%

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GBP/NZD

+0.11%

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Overall April was a great month for me in all regards: I'm very pleased with a 4% profit, and I thought I traded well. One mistake I made was not being at the computer to capture an opportunity that would have brought me an additional 0.75% in profits. I also refined my approach so that if I am above 0.5% risk, it must be across multiple currencies that are not directly correlated (i.e. USD/CAD and GBP/NZD). Moreover, to be at 1%, I must also get pullbacks that fill entry orders. Given these pre-requisites, I'm rarely at full 1% risk. Being between 0.25% and 0.75% is more likely. But with 3:1 reward/risk, this can help me achieve the returns I'm looking for.

The table below illustrates the trades I placed for the month. Overall I placed 16 trades; 6 were losers, 2 were breakeven, and the remaining 8 were winners. A win rate of 50% is the highest I've had this year, which I think is a reflection of two factors: (1) luck and (2) more discipline in trading only off the 4 hour chart and in accordance with the aforementioned risk parameters regarding trading non-correlated currencies and placing a greater demand on entry orders.

Symbol

The table below illustrates which currencies I traded and my average duration per trade.

Currencies

Here is a recap of my monthly performance YTD.

Monthly

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

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April: Up 4.02% For The Month; 6.23% YTD

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