Weekly Review 17-21st June 2019

Welcome back to another weekly review and no surprise this week of what as happened but was a few things which we can take away from it as positives at least. So here is how it went.

Starting off on the cypher bad trade, I missed my entry on friday by just lack of focus really but reentered on the market open at a better price but still 1% risk. Price put a nice double bottom then 2618 but never hit and reversed for a loss. It is what it is but frustrating as it is the same old same old from 2019. Aside from that the Bat pattern just got stopped which was during FOMC so something to note for the future to potentiall stay away. Within that candle we did get near target but not enough to move stops to break even so was a bit annoying but kind of expected something like this.

My winning trade is someting I am really happy with though however. It was a trend continuation entry but with a conservative target. A year ago I would have either stayed away from the trade or taken it with targets at a retest of the lows because I have to and what my plan says so. However with some added fluidity I can add my discretion with stops and targets and in this case I was predicting a head and shoulders hence the target there and pretty much pinpointed it which made me happy.

So that is it for this week, not hugely negative but I need wins, simple as that.

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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