Weekly Trading Review – Planning and Execution

Weekly Trading Review 7-11 November

weekly trade review

Summary of Performance

Overall a good performance that sits within the upper variance of my system expectancy.

Reduction in error trades and missed trades. The missed trades saw a large reduction in the no fills due to the implantation of my front running rules, as discussed in last week’s review.

The majority of the errors and missed trades come down to micro management issues for the intraday swing trades.

Average grading was A, the trades where it was not A, again micro management issues on the IDS trades.

Last week Goal

The main goal of last few weeks is to manage the 60min level trades off the 15min chart and to ensure that correct targets where placed and managed correctly.

How did I do

Overall poorly. Still very inconsistent with this side.

What did I do best this week and how I did I do it?

The side effect of focusing on my micromanagement issue, is that my lower time frame trades are being handled better and my profitability improved last week on these trades and I continue to maintain that improvement.

My focus and process following overall went well on all the LTF trades.

What did I do badly this week and what lead me to do it?

I implemented all the steps from last week’s review and this helped in one way but not directly. It shows that whilst I can clearly identify good opportunities for a larger target, that does not translate into a direct and simple to follow execution plan.

Without this plan I ended up either not taking the trades because of the increase risk (which I was meant to reduce size on) or took them as LTF trades, which then scored a low grade due to incorrect targets etc.

I think that the root of the problem, is that I am planning the trades off the correct level but using the LTF chart for the planning, thus the levels and structure on this chart is influencing me, when it comes to targets and stops.

So what am I going to do.

1) Keep the review process the same.

2) It is not enough to manage the trade on the 15min after entry.

The trade should be planned on the 15min from start to finish using my RR tool to help with stops / targets and last entry point, etc

3) I am revising the way I do my main trade plan and intraday mini plan.

Instead of 3 hypos, I am moving to listing the best 1 to 3 (if there is any) IDS trade opps with, where I am wrong, target and last entry point (LET) and preferred entry point (PENT), along with type of entry.

I will then list any LTF opp, with the same information.

I have adjusted my grading to reflect whether I followed this process.

4 thoughts on “Weekly Trading Review – Planning and Execution

  • 12/11/2016 at 15:51

    Regimes matter. Apples to Apples , not Apples to Oranges.

  • 12/11/2016 at 18:58

    My FX and indices charts fluctuated around a lot due to the US elections and I had to be quite careful with applying my trading strategy.

    Did you need to adjust your trading executions and plans significantly due to this event, or was it fine to apply it in its normal manner? [My experience of the Bund is extremely limited, hence why I am asking].

    • 13/11/2016 at 11:31

      Hi George,

      I had the same problem, but overall strategy and execution remained the same, just had to adjust for increased range and size of rotations. So I had to reduce size to allow for the bigger stops that the volatility called for, the flip size was bigger targets so overall the typical setup and execution stats wise remained the same.

      Hope you are well.


      • 14/11/2016 at 22:31

        Thanks for sharing! Yes, doing well. Working hard.


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