Trading Journal: EURUSD=X - EUR/USD - Trade closed: Wed,18 Mar 2015 - Kevin A

EURUSD=X : EUR/USD  |  Short
Trade History
18 Mar 2015 | 18:35
Entry   Quantity: 20  ⟩  Price: 1.0836  ⟩  Target: 1.0400  ⟩  Stop: 1.0910

EURUSD=X Short trade chart

18 Mar 2015 | 18:37
Exit   Quantity: 20  ⟩  Price: 1.0916  ⟩  Target: 1.0400  ⟩  Stop: 1.0910

EURUSD=X Short trade chart

Review

30 Mar 2015 | 14:51

Overall Analysis

http://youtu.be/Zy1z7Dj-D3k

 This video breaks down the #eurusd trade which i shorted from a daily supply zone and stopped out because of a rally from FOMC and touch of the weekly trend line.

Did I follow my trade plan and strategy?

 

What did I do right and wrong?

 

Psychology

 

Money Management

 

Rate/Grade this trade

 

Trade Summary
Quantity
20
Entry
18 Mar 2015 | 18:35
Entry Price
1.0836
Exit
18 Mar 2015 | 18:37
Exit Price
1.0916
Commissions
1.11
Multiplier
1000.0
Net Loss
-161 (-707.18%)
Labels
(no labels - click blue icon to add)
Key Figures
Highest high during trade
1.1016
Lowest low during trade
1.0579
MAE
-1.7%
MFE
90.1%
ETD
-3.1%
Entry Efficiency
59%
Exit Efficiency
23%
Total Efficiency
-18%
Further info: Click here

Key figures info, explanations & calculations

Important info
As we only have access to end of day historical data, the days full trading range is used for entries and exits even if i.e. the entry is X hours after the open, the opening price of that day will be included in the key figure calculation.

For trades with multiple entries & exits:
- Average entry and exit prices are used
- First entry and last exit dates are used

MAE: Maximum Adverse Excursion
Represents the loss potential of the trade, i.e. the maximum paper loss you experienced while in the trade. A low percentage here is desirable.
Calculation long: (((average_entry_price - low) / average_entry_price) * 100)  |  Calculation short: (((average_entry_price - high) / average_entry_price) * 100)

MFE: Maximum Favorable Excursion
Represents the profit potential of the trade, i.e. the maximum paper profit you experienced while in the trade. A high percentage here is desirable.
Calculation long: (((high / average_entry_price) / average_entry_price) * 100)  |  Calculation short: (((low / average_entry_price) / average_entry_price) * 100)

ETD: End Trade Drawdown
Represents how much the trade fell back - or gave away - from the highest high of the trade to trade exit.
Calculation long: (((high - average_exit_price) / average_exit_price) * 100)  |  Calculation short: (((low - average_exit_price) / average_exit_price) * 100)

Entry Efficiency
Measures the efficiency of entry in relation to the price range of the trade, i.e. how close was the entry in relation to the lowest low of the price range of the trade.
Calculation long: (((high - average_entry_price) / (high - low)) * 100)  |  Calculation short: (((average_entry_price - low) / (high - low)) * 100)

Exit Efficiency
Measures the efficiency of the exit in relation to the price range of the trade, i.e. how close was the exit in relation to the highest high of the price range of the trade.
Calculation long: (((average_exit_price - low) / (high - low)) * 100)  |  Calculation short: (((high - average_exit_price) / (high - low)) * 100)

Total Efficiency
Compares the realized profit or loss to the the total profit potential during the trade, i.e. how much of the total price move has been captured. A high percentage here is desirable.
Calculation long: (((average_exit_price - average_entry_price) / (high - low)) * 100)  |  Calculation short: (((average_entry_price - average_exit_price) / (high - low)) * 100)

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