Weekly Trades Summary: -12 +11 -30 +13 = -18 pips
Faults...

1. Poor Preparation = didn’t plan for price (ISL and IPT) and got scared. 
2. didn’t let profits run! 
3. Chased price so rushed prep

Trade Number: AL137
Time Frame: M15 Trade Start Date:  080512AM Trade End Date: 080512AM
Trade Type: short Pair: EURUSD  Price In: 1.30178 Price Out: 1.30238 Pips: = -12

FA Reason: Technical scalp

Trade Details: Short on PB to CPP on Bear EP
Short = Bear EP
ISL = non
IPT = 3-5 pips (MS1)

Exit: Panic

Trade Image1 : Entry OK Exit POOR













Lessons learnt/ Summary:
1. Poor Preparation = didn’t plan for price (ISL and IPT) and got scared so didn't old for profit.

Trade Number: AL138
Time Frame: H1 Trade Start Date:  080512AM Trade End Date: 080512AM
Trade Type: short Pair: GBPUSD  Price In: 1.61497 Price Out: 1.61457 Pips: = +11

FA Reason: Technical day trade

Trade Details: Short GD55REVT
Price closes below 55EMA
Price then closes below 55EMA test close = Short
ISL = prior high
IPT = S1

Exit: greed

Trade Image1 : Entry OK Exit POOR













Lessons learnt/ Summary:
1. Good trade
2. Fault didn’t let profits run!

Trade Number: AL139
Time Frame: M5 Trade Start Date:  100512AM Trade End Date: 100512AM
Trade Type: short Pair: GBPUSD Price In: 1.60928 Price Out: 1.61060 Pips: = -30

FA Reason: Technical day trade

Trade Details: ????
Dark cloud cover
Short on confirmation (very large bar eats PT)
ISL prior high (enormous SL)

Exit: when price double bottoms then breakout to new high

Trade Image1 : Entry POOR Exit POOR













Lessons learnt/ Summary:
1. Fault: missed the inspired thought wanted to trade off the UK Prod data long into the CPP from the Bull EP off H1 support.
Fault: Chased price so rushed prep.
Fault: candle patterns are weak on M5 charts!

Trade Number: AL140
Time Frame: M15 Trade Start Date:  100512AM Trade End Date100512AM
Trade Type: short Pair: EURUSD Price In: 1.29365 Price Out: 1.29313 Pips: = +13

FA Reason: Technical day trade

Trade Details: Short on M15 BD of UWTL and ST range
M15 creates range.
Short = close below range lows
ISL prior high
IPT H1 Support

Exit: IPT

Trade Image1 : Entry GOOD Exit GOOD



Lessons learnt/ Summary:
Nice trade

Summary
Lack of confidence is cause from poor preparation.  There are only 4 trading categories you need to prepare. If you’re lacking confidence your not prepping them correctly...

1. Yourself: Physiology (fresh air and blood to the brain), Psychology (Probabilities) 
2. Risk Management: 1% per trade max, RRR 2:1
3. Fundamentals: Create a long term bias of your own, Prepare for upcoming data/news. 
4. Technicals: Market Direction, Entry price, Stopp loss, Profit target.

Daily Goal: Write a strategy for trading data and price, Use your guide to take emotion out of your trading. Go with your creativity, if worried simply lower the risk. Trade every setup you see. If exhausted don’t trade. TTW Make a profit everyday.