The weekly trading results were not good but my trading skills are getting better and I traded with patient.

We will start trading on a live Oanda account instead of the demo signal account because there are some issues with the demo account as long as the Oanda MT4 account. All trades that placed on the Oanda signal account will be duplicated to our client accounts, including our slave account.

Look forward to a better week.
 
I recognized that I was trading the wrong direction right after my last position was stopped out on Friday. After reviewing all my trades, I found that I was not very good on recognizing the trend changing from the down side to the up side. I must improve my skills and stay flexible with market direction.

Friday was one of the 2 days last week offering 30 pips or more profit potential and I did not catch it so I ended the week with 0.7% which is way below my weekly profit target. However, I must feel happy that I was trading more disciplined than even before while I am on PIP.

I sometimes told myself if I should close my position with less profit. I believe I should stay with my PIP and only trade with 30 pips or more profit potential. Think about this: If I have the right skills to recognize the trend reversal on Friday (just as I did on Tuesday which was reversed from up to down), I could have ended the week reaching my weekly profit target.

Yes, there is nothing wrong with my PIP but my skills and my focus on the PIP and rules (I could have recognized the trend changing if I did write notes per my plan). I must improve my skills on daily based and follow every details of my rules. 

Check my trade list to see how I traded last week and hope all my readers can improve their trading skills as well.

I look forward to a better trading week. 
 
This is the first week after Friday the 13th and I made 6 losing trades after a 30 pip win so I believe I need to be on PIP (Performance Improvement Plan).

Here are the details of my PIP:
  • Increase my Winning Ratio to 55%
  • Must only take position that has 30 pips or more profit potential
  • Get my balance back from $1,280 to $1,600 or up 25% in 2 weeks

To achieve my PIP, I need to do the following:
  • Do Not Think about money
  • Focus on trading my best setups
  • First, constantly define and confirm market direction
  • Check any potential reversed signals
  • Wait for my best setups, most likely at pullback
  • Get in with the trend with confirmation on my best setups
  • If missed, wait for another opportunity instead of tracing the market by jumping in
  • If stopped out or closed (win or loss), repeat the process again
  • Don't need to force a trade if no opportunities.
  • Review and wait these on my notebook every day before trading

I also need to review my trades before and after a trading session.

Building trading skills every day is the only way to make profits from the market and it's not easy but achievable with efforts.
 
We started this week with a trade copier issue which led to -8% loss for the first trading day of the week. However, we fixed the issue by just syn the clocks of our computers. Most important, I was feeling fine when the slave account was on 10% drawdown because I know I have been becoming a different trader who is improving on both trading and mental skills since I analyze my trades on FF's trade explorer.

With my tight stops trading, I was coming back easily with 2 good trading days for less than 30 pips each day and end the week with +5.1% (I did not trade Friday because it's a holiday and NFP day).

Forex trading is a life time challenge of being the best of myself. I must improve myself every day to meet my goal which is to produce 65% weekly profit for my clients consistently. I am surely that I am on my way to be the best of myself.
 
Finished another trading week. I am now trading with up to 3 trades per day and risk 6 pips or less per trade. I am trading better every day with this tight SL system.