Another week goes by in the market and if you havent sensed my boredom and frustration from my drawdown here it is. Is it even a drawdown anymore? I’m meant to go up from them right? Anyways here is how this week played out.
3 trades and pips wise you think oh just another break even week but not the case. Due to my percenatege based approach my winner was quite minimal and my loser was full. Now I still stand by the % based approach but had to clarify the negative outcome of the week. It was another frustrating week for a few reasons. The Cypher pattern touched my order, came back to break even and then reversed for it to hit both targets but I was sat there with nothing in my piggy bank. On top of that a gartley on AudUsd completed just 4 minutes before I was meant to take orders of it and no surprise in 2019 for me it would be a loser. It was also a trade that I wasn’t comfortable with for a single reason. This pattern I saw on the 1hr but due to filters it isn’t something I should be takign. However as it is valid on the 4hr it had to be but for me the probabilities were quite low because of that. Overall I am sat back again at -8% and just can’t even get remotly cloes to break even.
Aside from that it was an interesting week on my day trading in terms of predictions and how they have played out giving me confidence for the future and food for thought in terms of increasing my aggression in certain scenarios but that will take time. For more on that check out the video below.
Hope you enjoyed this week’s review. I just can’t wait to be profitable and actually share it here and on social media etc as I do believe it will finally be the catalyst for some income streams to start flowing.