Day 18

Monday, August 6 Account Balance: $1,094.44

Last night EUR/GBP took profit of 50.9 pips and $23.23

Today's trades were:

5200 USD/JPY long@ 118.879
5200 EUR/JPY mailto:short@%20163.874
4400 EUR/USD mailto:short@%201.37869

Results of those trades:

Disastrous: all 3 stopped out for combined loss of -75 pips, -$32.88

That makes 4 days of 0-3 trades, 12 losses in a row that has decreased the cumulative profit to 6.44%.

I think part of the reason for such terrible luck goes beyond statistics and can be explained by correlated pairs.

Today for example 2 of the trades were betting on the EURO weakening.

Due to a very strong German Manufacturing report, the EURO strengthened and 2 of my trades stopped out.

I will run continue to run this system at least to the end of August and hope that the laws of probability improve my performance through the rest of the week.