Weekly Review 22-26th April 2019

Welcome back to another review of the week. For me this week was one which had loads of momvement that I wasn’t able to capture per my rules and only had 2 trades in the end. So here is how it went.

As you see the FTB caught a decent move. It again makes me happy that I have put more weight on target 1 and actually use targets for FTB which is optimising the system a lot more. The second trade was my short on GbpUsd which came 80% to my target and then reversed. This allowed me to move stops to break even. Would have been a nice winner but not much I can do in the end. I was a bit worried about the head and shoulders we have put in prior and that level so I am not too surprised this happened.

Last week there wasnt too much in terms of our predictions and we only looked at UsdChf so lets see how this played out.

I did end up getting involved on a demo account and it lost almost straight away. It wasn’t too surprising as it was going against a very strong move and we did take into account the higher structure levels which are holding as of now. This is why I demo trade and practice because now this situation is in my mind going forward and is something I will be keeping an eye on very closely for the future and eventually apply it.

So there is my weekly review. Not much on my end so it is a quick one and I will be back with more predictions and reviews as always.

Lach

Published by Lach Plays Trading

I'm a forex trader whos journey began January 2018 and has had its ups and downs but has taught me a lot about the markets and myself as a person. Documenting my journey and sharing my experiences for you to be able to learn from them and my prior mistakes. Fully transparent, not afraid to show losses or speak exactly what comes to my mind.

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