Week of Feb 7th – 13th, 2021

Goal: Acquire 50-100 pips.

Entry: 1.37899

Exit: 1.38484

Starting Balance: $192.27

Results: Pips captured: 58.5 for $8.84 for the week.

Current Balance: $200.27

Lessons: There was a lot of movement in the GBP/USD pair this week. Multiple setups, clearest trade setup presented itself on Friday. I entered at 1.37899 and exited at 1.38481 at $0.01 per pip. A second buy order was at 1.38132 and exited at 1.38484. I focused heavily on my strategy this week, instead of money and took the setup that best fit my criteria.

Next Steps: Prepare for next week by reevaluating this past week’s price action and identifying key entries and exits points for my limit buy/sell orders.

Goal: Capture 50-100 pips from 1 to 2 trades.