May 3 - 7 recap

Well, 1st week of May didn't really start well,

Entries :

• AUDUSD entry (60) exited @ BE (3 pips profit)
• AUDJPY entry (61) exited at BE (3 pips profit)
• GBPAUD entry (62) exited @ BE (3 pips profit)
• GBPJPY entry (63) exited @ SL loss of 29 pips
• EURJPY entry (64) exited @ SL loss of 45 pips
• GBPAUD entry (65) exited @ SL loss of 65 pips
• AUDUSD entry (66) exited @ SL loss of 38 pips
• GBPAUD emtry (67) BE trade (3 pips profit)
• NZDUSD entry (68) BE trade (3 pips profit)
• AUDUSD entry (69) exited @ SL loss of 76 pips
• AUDJPY entry (70) exited @ SL loss of 118 pips
• USDJPY entry (71) exited @ SL loss of 71 pips
• USDJPY entry (72) exited @ BE (3pips profit)
• USDJPY entry (73) exited @ 92.12 , 53 pips profit
  

Bucking The Trend see here

• USDJPY entry (1) 53 pips profit
• USDCHF entry (2) 77 pips profit.
• AUDUSD entry(3) 104 pips profit.

Overall in my plan i lost 371 pips, using the Bucking The Trend (BTT) method i earned back some 234 pips. But using the BTT i find it risky as i don't know how to put the stop losses. After reviewing back my entries on my original plan using BTT as a trend indicator, i found that most of the entries that cost me were against the trend, although some were with the trend did still lose some pips. Next week i am going to go with the trend and see how i can do.

Next week will be profitable. Best wishes and good luck to all my fellow forex traders.