This week felt very messy, only 4 opportunities but I just didnt feel in the zone and it felt like it was a long week. That is probably to do with loads of stuff to do with moving house and just having loads of things to do. I still stuck to my rules and didn’t miss any trades but I have this feeling that I’m missing something. Should be back to normal next week though. So here is how it went.
4 trades 1 winner 3 losses as you see but the bottom right trade I can reenter Sunday night if it is at a better/same price. Looking at these trades now I’m sat here thinking wow these felt ages ago but heres the breakdown. The first trade I didn’t expect much from due to what was going on on the 1hr and im not really surprised at what happened but it is a bit frustrating stopping me then reversing but it’s all good. The second trade thankfully hit T1 which had more weight on it so adjustements already working but the second position got stopped out by the spread. Again. I already adjusted to this a few months back and don’t want to have even bigger stops but if it keeps happening in the coming months then I will consider it as a change. The bottom 2 are linked together and they are both part of the same move/prediction. The first entry actually looked a good setup and I did extend stops below the 50 even number but failed to notice the small zone to the left which ended up holding. It was a bit frustrating and price breaking lower was some relief of that not winning as it would have frustrated me with myself. The reentry came very close to stops which were adjusted below the even handle so now there is still hope of a reversal and to make up for the loser. These continuation trades had around 0.75% risk per my rules so if they both lose the hit isn’t this big. I expect it to lose now due to the breaks of structure but you never know what can happen so we just stick to the plan.
Last week we took a look at AudCad and that played out very nicely right here.
As you see price bounced of exactly where predicted and there was a few possibilities of entry such as a DT or a break of structure. Take a look at my full prediction and analysis right here.
The 3 patterns I also showed last week all entered. 1 full winner, 1 half and 1 still active looking like a loss so far but we never know.
So there you have it, thats my weekly review. Not a terrible week compared to some in the past but I’m still waiting to get out this drawdown. Currently just floating around -5% and not really getting anywhere. Thank you for taking your time to look through and hope you found some value in it.