Good afternoon all.

Weekly Trade Summary: +62 pips

Trade Number: AL120
Time Frame: M15 Trade Start Date:  250412AM Trade End Date: 250412AM
Trade Type: long Pair: EURJPY Price In: 107.56 Price Out: 107.35 Pips: -14

FA Reason: Intraday bias long

Trade Details: Pullback trade
Buy = on close above downward trend-line (fault)
Stop loss = Prior low
Profit target =  Measured Move

Exit: Stopped out

Trade Image: Entry Poor Exit OK













Lessons learnt/ Summary:
1. Preparation failure: Price had failed to make a new high I therefore should have waited for a break out above range highs instead of trading the pullback because there was too much overhead supply.
Solution: If you had used your guide and checklist you would have avoided this trade because the checklist critrea was not meet.


Trade Number: AL121
Time Frame: H1 Trade Start Date:  270412AM Trade End Date: 270412AM
Trade Type: Long Pair: EURUSD Price In: 1.31672 Price Out: 1.32005 Pips: 58.

FA Reason: NA

Trade Details: Bullish Engulfing Pattern at S1
Buy on close of Bull EP
ISL = below real body lows
IPT = Central pivot point

Exit: Central Pivot point

Trade Image: Entry Good Exit Good















Lessons learnt/ Summary:
1. Lesson learnt, when you have an inspired thought have a go even, you don’t have to max the risk.
2.  Fault let profits run,  don't sell until theres a good reason too.


Trade Number: AL122
Time Frame: M15 Trade Start Date:  270412PM Trade End Date: 270412PM
Trade Type: Short Pair: USDCHF Price In: 0.90653 Price Out: 0.90473 Pips: 18 pips

FA Reason: Short USD on Poor US GDP results

Trade Details: Range and S1 Break down
Price tests and ranges onS1
Short Price closes below range lows and S1
ISL = above S1
IPT = 2:1

Exit: MS2

Trade Image: Entry Good Exit Fine













Lessons learnt/ Summary:
Intraday charts aren't always going to look as good as hourly and daily charts. You've got to be prepared to enter when you have a good idea, and have conviction in it becuase it is unlikely that you will be able to find much solace in chart action. Find solace in your good idea instead.


Summary: 
1. Preparation failure: Soultion = Keep Guide by side and use Checklist for entry.
2. When you have an inspired thought have a go, you don’t have to max the risk.
3. Fault: didn't let profits run.
4. Keep you expectations inline with market action.
5. The decision making process is the most stressful part of trading (for me anyway). I know I'm banging on about it but, use a checklist for trade entry and trade management. This will make your succesful trading repeatable and make it easier to identify exactly where a problem lies.  It will also persevere your self esteem. If you trade with a check-list and the trade fails, it is the check-list at fault, not you! You did everything you were meant to and can therefore be proud of your efforts. But of course you need to examine the check-list to find how it created a loss.

Daily Goal: Use your guide and Check-list to take emotion out of  trade entry and management. Trade your inspired thoughts, if worried simply lower the risk. Try to make a profit everyday.