Checking in on last week's review: TFT Royal Pro 25k Phase 1 Review - Week 11
For Week 12, I took 10 trades, focusing on just three pairs:
- USDJPY
- GBPUSD
- XAUUSD
The week concluded with a net profit of $72.97 (+0.25%). My 5-day average profit per winning trade was $19.27, while my average loss per losing trade was $10.67.
My win rate for the 5 trading days was 60.0%, and my cumulative win rate now stands at 41.8%. The current drawdown on the account is -1.57%.
Summary of the week:
Monday: One win, one loss.
Tuesday: Two wins, two losses.
Wednesday: One loss.
Thursday: Two wins.
Friday: One win.
Review of This Week’s Performance:
There's a USDJPY long trade from Monday I want to note. At the time, I had a long bias, anticipating a strong move upwards. However, there were also Equal Lows below. I was concerned about a potential liquidity sweep downwards first. But because the price action looked clear, I still entered long.
Due to my concern about the Equal Lows being swept, I set a relatively tight stop loss. Ultimately, the price consolidated back and forth, then hit my SL before quickly rallying upwards. I became the liquidity.
Reflection: Seeing the market being so choppy, I should have exited. If I insisted on staying in the trade, the SL should have been set wider.
I've also decided to revise my rules: The daily limit remains at 3 trades. I can take one trade during the Asia + London Sessions combined, and if I do, I'm limited to a maximum of 2 trades during the NY AM Session.
Journaling: ✅ Completed.
Emotional control: ✅ Achieved.
Eliminating wishful thinking: ✅ Achieved.
Avoiding adding to losers: ✅ Achieved.
Awareness of High Impact News: ✅ Achieved.
Adherence to Trading Sessions: ⚠️ Participated in the Asia Session and London AM Session multiple times. Decided to revise rules.
Limiting trade frequency: ✅ Achieved.
Following Trading Rules: ✅ Achieved.
Week 13 Goal:
Gradually build the account back up to $24,800 using 0.1% risk per trade.