Weekly Performance Review

Here is my older checklist. It was a point based system, with the points triggering a go/no go and risk percentage. Not a bad idea, and I was successful at the time. I no longer use macd, pivots, or trendlines in my trading. Magic lines are long term major support / resistance. I started with the theory that every pair is ranging on some timeframe. By visualizing the long term on mostly the monthly charts, I noticed that ranges occured at relatively even price spreads. It varies from pair to pair and is mostly 200-300 pip ranges. When price hit one of these boundaries I would trade the reaction to them. It was only more recently that I realized that all indicators / trendlines / methods are simply an aid to understanding price action. What works for an individual trader will be whatever allows them to understand price action in a way that clicks in their brain pan. For me it is moving averages, for others it might be trendlines, pivots, fibs, or anything else. Some traders don't use any indicators at all. Whatever works for you, go with that.

Week 11 review:
P/L +0.5% on 2 trades. 1st was a EUR/JPY short that I've been waiting for weeks to develop. All criteria were met prior to entry, trade was managed mostly per plan. Net 0.6% profit. 5/5. 2nd was a USD/CAD long that I accidentally opened (set up 4hr entry, changed my mind and forgot to turn off the EA). It was a valid entry per my checklist but since it was a bit unexpected, I closed it out almost immediately. It went up after, but I'm not too torn up for getting out early. 3/5, -1 for getting in in the first place, and -1 for getting out. Would have been 5/5 had I intentionally entered and managed it.

Psychology: fairly stable

Other: I am now monitoring and rating 5 factors contributing to health (inputs) and journaling 4 aspects of overall mental status (general results). Less than a week in, and I'm seeing a direct correlation between the two. I am close to setting a baseline low number where no trading is allowed when at or below.
It works like this: sleep, hydration, nutrition, and exercise are each given a point value. 0-3 for the first three and 0-1 for the exercise, everything totaling 10 points. I then rate general well being, confidence, mental acuity, and ability to focus on a 0-5 scale with 20 total possible points. All of this is done at the end of the day, but it is the next day when the results of the inputs are felt. For example today I scored 9/20, very low. I'm dehydrated, didn't eat enough, didn't exercise. I probably shouldn't trade tomorrow. Anyway, still a work in progress. I would recommend something like this to anyone serious about improving any aspect of their life.

Improvement plan for next week: Pay better attention to what is set up as pending. The USD/CAD accidental trade is not acceptable in the long term. Also continue to document as outlined above.