Weekly Review 29-3rd May 2019

This week was a first for me as I literally didn’t have any setups that meet my rules. However there was a particular scenario on a cypher pattern which ended up discovering a little grey area in my rules which put me in doubt. As my coaches say, if in doubt stay out. So I did. Aside from my live trading, I actually had quite a profitable week on my demo accounts day trading and swing trading which I have began backtesting so I can slowly start integrating them into my live portfolio.

Last week we looked at AudJpy potential head and shoulders and this is how it played out.

As you see the prediction didn’t exactly play out as predicted. However we are still holding that same support level marked up initially which could give us a move up but nothing I am interested in for now. This was the review for this week. Very quick but not too much to cover so we continue as usual. Predictions out on Monday and a good little tip/lesson coming on wednesday for you aswell.


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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