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.
