Hello Traders!
I hope you have had a great week!
Mines been good, another losing week but I did exactly what my rules dictated me to do / exactly how I would have traded it in a backtesting environment.
I won’t lie, it’s a tricky zone I’m in right now because my edge is not with me for the month of May so far. I have perfectly executed every trade as my rules dictate and I am down 2.5% this month.
What doesn’t help is last week I ruined the only trade that would have been a winner to help me this month so it’s not my strategy that’s the problem – it’s me.
I am very close to losing my funded account also, I’m at -9.55% out of -10% so the next trade HAS to be a winner for the account to survive.
But I am not concerned about that, it’s not failure or defeat if it happens, it’s just a step in the process.
I don’t feel I deserve this funded account anyway, since I made wayyy too many mistakes and errors so the losing of it is my fault.
We’ll see what happens next week. I won’t care much if I lose it, just as long as I executed the trade properly that’s all I care about.
It’s more annoying that I’ll have to setup all my charts & Magic Keys again on MT4 🤣
Let’s look at this weeks performance!
MONDAY:
Overall good session. Bad focus at the start but got better as it went on. Took a short from a supply prior to it’s true creation, which ended as a loss.
P&L: -$255.36 | Trades: 1 | Result: Loss
TUESDAY:
A trade idea did appear from a pre-mitigated demand but the trade was not taken since it met my cancel execution rules.
P&L: $0 | Trades: 0 | Result: N/A
WEDNESDAY:
Almost had a trade but it met rules to not execute since there was no clean pivot.
P&L: $0 | Trades: 0 | Result: N/A
THURSDAY:
(French & German (USD later) Flash PMI = No trade day. I still showed up to session and a trade idea tried to form but it would have been a no-tag.
P&L: $0 | Trades: 0 | Result: N/A
FRIDAY:
Took a loss from supply. Not a great trade but still valid to rules and I must take it.
P&L: -$249.20 | Trades: 1 | Result: Loss
WEEKLY RECAP
Closed Trades:Â
What went well: My overall execution of valid trades was great.
What to improve: I need to be more disciplined with not letting my phone come to session, no matter how boring the price action may be. I only need to be focused & present for 1 hour.Â
Focus for next week: Continued solid execution & not letting my phone near my work desk during session.Â
—
Thank you for taking the time to read this blog post, it means a lot to me.Â
If you enjoyed this Weekly Overview, please share it by copying the website URL, or by taking a screenshot and sending it to your friends!
Check out the Tools page for tools I use weekly with discounts!Â
ACCESS TO MY FREE TRADING ACCOUNTABILITY INDICATOR HERE
See you next week and happy trading!
