April recap

Hope everyone enjoyed the labour day. Another recap on april to see what went wrong and what has to be improved.

Total of 45 trades taken,

• Winning trades : 11
• BE trades : 13
• Lost trades : 21

I started this plan in a confuse which resulted in a couple of big losses. Through improvement my losses became smaller and i felt that any trade risking more than 100 pips was not worth it, because thats the most i can afford to lose in a single trade and fear and hope sets in when i see a trade losing more than 100 pips.

The plan was improved further when i started looking to breakeven my trades and i ended up having alot of breakevens. But most of it did not reach my TP levels, so its a good thing. Then i started looking at trailing my trades, so after the breakeven point it was trailing. So i had some profits even if the trade went bad. As usual there were trades that went bad from the start, but that did not bother me as i know not all trades are winners.

But losing trades were made small and winning trades were made to run to the max and winning trades that became losing trades were stopped at breakeven and better still breakeven trades were made profitable with 3 pips.

All in all April was profitable with 59 pips.
Lesson learned

• Do not to trade when confused, always happens but i got to fight it.
• Wait for the setup. Be patient.
  
• When the setup occurs, act do not think.
• Set SL immediatly, move to BE as soon as price reaches the BE price.
• Trail the price after BE is set.
• Have a profit, forget it. Have a loss, forget it even faster.

May starts, and i am going in with 2 outstanding trades. This month will be profitable as April. Good luck and best wishes to all.

April 26 - 30 recap

Brought forward entries :

• Nil
  

This week's entries:

• EURJPY entry (44) exited @ BE (3 pips profit) (point 0)
• GBPUSD entry (45) exited @ SL loss of 26 pips (point 0)
  
• EURGBP entry (46) exited @ SL loss of 13 pips (point 0)
• USDCAD entry (47) exited @ BE (3 pips profit)
• USDCHF entry (48) exited @ BE (3 pips profit)
• AUDJPY entry (49) exited @ SL loss of 34 pips (point 0)
• EURGBP entry (50) exited @ SL loss of 40 pips (point 0)
• USDCHF entry (51) exited with 29 pips profit.
• NZDUSD entry (52) exited @ BE (3 pips profit)
• USDJPY entry (53) exited @ BE (3 pips profit)
• GBPUSD entry (54) exited @ BE (3 pips profit)
• GBPUSD entry (55) exited @ TP 132 pips profit.
• EURCHF entry (56) exited @SL loss of 9 pips
• GBPAUD entry (57) exited @ SL loss of 40 pips
• EURGBP entry (58) exited @ SL loss of 25 pips
  

Outstanding entries :
Nil

Starting of this week i had no good setups so i tried a new plan, that was to enter the market when i see a Point(0) start of the wave 1 in elliott waves ( well i have a indicator to tell me that ). Which resulted in a couple of losses.

If i had been more patient and waited for my original plan, i would have made 102 pips, instead i closed the week with a loss of 8 pips, not so bad after all. Well at least i learned to be patient by mid week.

This week was a learning week, ended with loss of 8 pips.
I don't have any carry trades next week and next week will be profitable.

After writing this post i entered a few trades.......

• GBPAUD entry (59) exited @ SL loss of 50 pips.
• AUDUSD entry (60) outstanding
• AUDJPY entry (61) outstanding

So i am down 58 pips, still within my tolerance of 100 pips. Also i have 2 outstanding trades over the weekend.

April 19 - 23 recap

Brought forward entries :

• Nil
  

This week's entries:

• EURGBP entry (30) exited with loss of 34 pips.
  
• AUDJPY entry (31) exited with 240 pips profit.
  
• EURUSD entry (32) exited with 10 pips profit.
• USDCHF entry (33) exited with 25 pips profit.
  
• AUDUSD entry (34) exited with loss of 34 pips.
• GBPJPY entry (35) exited with breakeven.
• EURUSD entry (36) exited with breakeven.
  
• USDCHF entry (37) exited with breakeven.
  
• GBPJPY entry (38) exited with loss of 42 pips.
  
• EURUSD entry (39) exited with loss of 54 pips.
  
• GBPJPY entry (40) exited with breakeven.
  
• USDCHF entry (41) exited with loss of 67 pips.
  
• USDCHF entry (42) exited with loss of 32 pips.
  
• GBPUSD entry (43) exited with breakeven.
  

Outstanding entries :
Nil

This week was a profitable week, thanks to the AUDJPY trade. Should have stopped trading for the week when i was in good profits, but i didn't so this week ended with only 12 pips profit.
I don't have any carry trades next week and next week will be profitable as this week.

April 12 - 16 recap

Brought forward entries :

• AUDUSD entry (18) exited @ BE
• USDCAD entry (19) exited with 75 pips profit.
• USDCHF entry (20) exited with 182 pips profit.
• GBPAUD entry (23) exited with 85 pips profit.
  

This week's entries:

• USDJPY entry (24) exited with 52 pips profit.
• AUDJPY entry (25) exited with loss of 23 pips
• GBPJPY entry (26) exited with loss of 20 pips
• EURJPY entry (27) exited with a loss of 61 pips
• GBPAUD entry (28) exited with 66 pips profit.
• AUDJPY entry (29) exited with a loss of 21 pips
  

Outstanding entries :
Nil

This week was a profitable week (with friday relaxing :) and just updating ), thanks to last week's trades. I don't have any carry trades next week and next week will be profitable as this week.