Monday, June 13, 2016

Review of May 2016

May has been another good month, with my account growing by 3.7%. It's slightly down from April (4.22%) but I'll take it.

Trades: 11
Account growth: 3.7%

Nothing major stood out in May, which is a good thing, I suppose. I spent a bit of time on the 4H chart, but noticed (again) that 4H and daily signals tend to correlate highly e.g. a massive pinbar on the 4H chart will probably be a pinbar on the daily chart as well. 

With four profitable months in a row, I'll increase my risk for June and start pushing hard on my advantage (max risk per trade will be 2%).

edit: I also developed two more 'systems' during April/May. These two are based on trend reversals. I've now got seven 'systems' in total, which is enough. My goal now is to focus on plugging other holes that reduce my edge (money management, psychology etc), rather than purely backtest and develop systems. 

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