Alright guys welcome back to another review. This week was very quiet for me in all 3 aspects. My live account and the 2 I am forward testing. However I still had 2 setups to take and this is what happened.
As you see I had 2 FTB signals which 1 was a nice winner and the other I managed to half the loss. The first doesn’t look like an FTB on this chart but on my data it was a valid signal hence it was taken. That is because on Mondays the candle closes at 01 for me which is likely what makes the difference in data slightly. Even though it was a profitable week, as I keep tracking and grading every trade setup I begin to realise the quality of my setups and that they aren’t actually too good overall averaging around 5/10 for now per my style and opinions. There is obviously 2 ways around it, if not more, but what I can do is start either reducing the position size accordingly or just not take the trade at all.
Personally I ranked the first trade a 5/10 and the second as a 4/10. This is all based on my analyssis on the Daily, 1hr and just knowing how the strategy performs and acts. For example even though on your chart you see us hit targets, because I know this particular strategy requires a tight trail, I know it minimises the chance it hits as it almost has to just go straight down in order for it to not get stopped on trail.
So as I said there is a lot going into my grading system but I do highly recommend it to anyone that is trading. I have been doing over 10 videos per week on my youtube so if you want to see me analyse and review the markets and other tips then click the link right here.
Thank you for reading and hope you found some value in this post and/or on my youtbube channel.