Tough week with heavy losses despite a strong breakout trade
This week delivered a net -9.03 R over 28 signals, with just 21% winners. The breakout strategy dominated the count with 21 trades but ended down -4.86 R overall. Liquidity sweep was the best strategy in terms of net R, though still negative at -1 R.
The top trade was a long breakout on USD/CAD in the H1 timeframe, which added +4.31 R. Breakout trades aim to capture momentum moves following key levels, and this one successfully ran to a solid R multiple over a two-day span.
Liquidity sweeps, though only one trade this week, showed the smallest loss at -1 R. This strategy typically works by identifying stop-hunt moves that trigger liquidity runs, offering opportunities for sharp reversals or continuations when timed well.
The week was challenging with 22 losing signals out of 28, highlighting the importance of discipline and patience. Sticking to the plan despite setbacks remains crucial for long-term success.