First losing trade today using the new risk to reward ratio, it was always going to happen so at least that is now out of the way. But other than that 2 winning trades and a break even so overall not bad, a break even type of day.
Here’s the loss, EURUSD;
Now arguably I entered this too soon but it did look like a breakout, retrace and a retest had happened but it then reversed again quite quickly and hit my SL. A bigger SL would have worked and it did eventually go back up later on.
I may set my SL to the opposite side of the 5 minute range instead of just around the middle, I can afford to use bigger SL now my risk to reward ratio is smaller.
I’ve checked and if the SL was at the other end of the range then it does hit my TP, in fact it would have hit a 1/1.5 RRR.
Next up, the break even trade on USD/JPY
Now I got out of this one as I didn’t like the look of the price action, or rather the lack of it. In the end it’s a tiny profit but I will just call it a break even trade.
Usually this pair drops quite quickly if it goes short early on, but had I held it then it would probably have been a profit as it didn’t quite hit the SL, although it’s hard to say for sure due to spread and the fact I am using OANDA prices on Trading View and not sure who 5%ers use - but if I used the SL on the other side of the range as I mentioned earlier then this would have been a profit.
Now for the winners, first AUDUSD;
Now I was happy with this one as my big weakness is I am extremely impetuous, it’s a problem that affects me in life generally and obviously in trading this can be a big problem but one I am trying to solve.
I waited for the price to break and retest and then break out past the 21SMA as I knew that might be a blocker.
In the event the 50 MA was more of a blocker but no problem it hit the TP within about 7 minutes, I walked away for this one and just let it play out so always nice to come back to a winner instead of a loss.
Finally the DAX40, DE40 or GER40 whatever you want to call it;
I’ve been experimenting with this one as a possible candidate for the 20 pip/$20 challenge but as you can’t do that due to margin I thought I’d use it for the 5%ers challenge.
It’s a bit different to my normal strategy as I am using the 5M timeframe with Heikin Ashi candles and I wait for the first hour range to form before entering.
But as you see a nice quick win here, there was a small pullback just before I entered and it hit TP within a minute or so.
I couldn’t do more trading today as I had to do the school run as my wife is poorly but I am fairly happy with today especially considering all 4 trades were in essence correct, just need to tweak a few things.
Oh, my win rate on 5%ers is now exactly 50%! 
Learnings from today: Set the SL to the opposite side of the range where practical.