Weekly Review 6-10th May 2019

Another week gone by in the markets. 3 trades for me that met my rules and in all honesty it is getting a bit frustrating as its been almost 5 months without being in the green at all even after following all my rules and plan as I should be. So lets get right into the review,

So 2 losers and 1 winner. When you look at the pips it looks like I broke even but due to my percentage based approach it’s not like that. I’ve accepted that and the pros and cons that come with it and overall it has enhanced my results this year so I am fine with it. First trade was a conservative entry into a trend continuation as it wansn’t the best setup so I took almost a continuation within a continuation setup. Next is an FTB which just didnt move anywhere but so I was able to cut some risk off at least but still a loss. Lastly there was a big bat on the 1hr for GbpUsd and this one did hit targets. On the picture it shows it didn’t hit but as I adjust my target as price goes past my entry it ended up just hitting my target. However this means it was a small winner so it only made up for some of the losses. So thats for my week but lets take a look at the prediction from last week.

This is the GbpJpy on the radar from last week as the others were invalidated and this is a post from my second page that shows the outcome of that trade. Was a big loser which isn’t great but it is what it is. SO that will wrap it up for the week and I will be back next week with the prediction, tip and review 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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