I've started adding color to my activity log. The red '+' indicates a slight gain that didn't reach the take profit level. This usually happens when I modify a stop loss level past the purchase price and then stop out of a trade.
AUD/USD: -+--+- (-160 pips)
EUR/USD: -++-++- ( 0 pips)
GBP/USD: -+++--+ (+ 30 pips)
USD/CAD: +-++++-++ (+ 90 pips)
USD/CHF: -+-- (- 60 pips)
USD/JPY: +--++-+-++- (+ 30 pips)
That's a loss of 70 pips, not counting the cost of doing business. Add the spreads for 44 trades and we're looking at a total loss of around 120 pips, give or take some. This is right on par with what I expected from Week 2. Slightly better, even.
Having started the week with $5,000 USD in my trading account, I've got 4,956.06 left. That's just a fraction of a percent drawdown. I expected to lose more than that; it seems that the QRF system is doing better earlier than I thought it would. At this rate we'll probably see profits next week, although I originally wasn't expecting to see solid profits until we got to the 2.5:1 PL level.
I'm pleased with the results so far. I'm still noticing the occasional silly trading mistake on my part, but I'm workin' on that. There will be plenty of chances for that, too. Next week is right around the corner.
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