Old Forex Goal Part III

I am rewriting my goal once again like everyone should as you move forward in your “training.” Currently I am concentrating on the study of chart patterns and using support and resistance, fibonacci, Murrey Math, pivot points and OsMA in my trading. Whereas before I was trading on the shorter term time frames, I am now looking mostly at Daily and 240 minute time frames.

My ultimate goal is to quit my day job and trade full-time. Below, I have been graphing my performance on a week by week basis but I have decided to change it to monthly. I feel like tracking weekly progress sometimes puts pressure on me to perform each and every week. For instance, my goal is to capture 60 pips each week or 260 pips a month. If I don’t perform during 1 or 2 weeks during the month, it’s OK because my goal is 260 pips for the month and that is what I should strive for.

Forex Monthly Profit Loss in Dollars

Month Pip P/L Gross P/L Total # of Positions Total Winning Positions Total Losing Positions Total Even Positions Avg. Winning pips Avg. Losing pips
0
 0
$0
1
0
0
1
0
0
1
 131
$1250.6
8
5
3
0
42
-26
2
 -401
$-3613.3
15
2
12
1
3
-34
3
 -26
$-213.8
7
2
5
0
36
-19
4
 286
$2966.9
21
11
10
0
73
-51
5
 447
$4453.4
21
14
7
0
66
-67
6
 14
$146
34
19
15
0
29
-36
7
 201
$1941.3
28
18
10
0
50
-70
8
 80
$1080.8
42
21
21
0
38
-34
9
 -501
$-4948
80
32
35
13
41
-52
10
 6
$660
10
6
4
0
24
-35
Total
237
$3723.94
267
130
137
15