Summary
Total loss(%) - (-4.2%)
Total loss ($) - (-$159)
- Yen volatility came to a standstill this week due to G20 talks
- Lack of understanding of Eur/usd and poor set-ups led to huge drawdown on Monday
- 2 big trades stopped out at breakeven on Tuesday (potential of 110 pips of profit)
- Yen pairs displayed deep retracements almost everyday due to uncertainty of G20 talks
Key Statistics
Total trades: 17
Winning trades: 10
Losing trades: 7
Hit rate: 59%
Best Trade: 102 pips
Worst trade: 31 pips
Total Pips: 170 pips
Percentage gained: 13.63%
Summary
My hit rate this week was lower than usual, mostly due to Friday's mistakes. The 4 losses on Friday contributed to more than 50% of the overall losses this week. Besides that, the trades were generally well planned and executed.
Resolutions for next week
To do homework over the weekend, such as analysis and scenario planning to reduce lag time on Monday mornings.
