Review of last week:TFT Royal Pro 25k Phase 1 Review - Week 4
In Week 5, I made 15 trades, focusing on only the following 4 instruments:
- XAUUSD
- USDJPY
- EURUSD
- GBPUSD
Finally, this week broke the losing streak, finishing with a slight profit of $2.27 (+0.01%). After a losing day, I managed four consecutive winning days. The 5-day win rate was 46.7%, and the cumulative win rate is now 36.8%. The current account drawdown is -2.27%.
Conclusion of Week 6:
Monday: Three losses, each hitting the stop loss directly.
Tuesday: One loss, three wins. Winning day.
Wednesday: One loss, two wins. Second consecutive winning day. Two trades were executed based on setups seen during the Asia Session.
Thursday: Two losses, one win. Third consecutive winning day. All three trades were managed with risk management techniques (break-even or early exit).
Friday: One loss, one win. Fourth consecutive winning day. A full take-profit trade, which is a rare occurrence recently.
Review of This Week’s Performance:
If we exclude Monday, the performance this week was actually quite good. The improvement starting from Tuesday might be due to me getting the hang of some key techniques, or perhaps the market conditions were simply more favorable.
For the past four days, I've managed to consistently follow my strategy, patiently waiting for the 5-minute Market Structure Shift (MSS) to confirm before entering trades on the 1-minute chart.
Now that I'm managing to stay patient, I'm realizing that both the Asia and London sessions offer viable trading opportunities, and I don't necessarily have to limit myself to the NY AM session.
Journaling: ✅ Completed.
Emotional control: ✅ Achieved.
Avoiding adding to losers: ✅ Achieved.
Awareness of High Impact News: ✅ Achieved.
Adherence to Trading Sessions: ✅ Achieved.
Limiting Trade Frequency: ⚠️ Still some violations (4 trades on Tuesday).
Following Trading Rules: ✅ Achieved.
Week 6 Goals:
This week, I've started to find a comfortable trading strategy. My goal for Week 6 is to maintain this rhythm and continue patiently waiting for setups based on my strategy.
Consistent adherence to trading rules is the key to becoming a consistent trader. Profitability will naturally follow. I aim to successfully execute all 7 areas of improvement throughout Week 6.