This week was choppy. I would have been in profit if I kept to my original sizing but after 5 or 6 failed trades in a row I went half size and that’s the one that stuck.

I also had a lost opportunity when my position was closed do to short term volitility. There was the chance to jump back in on the 5 min but I wasn’t at my pc so couldn’t take it. Even with my half size position I would havve broken even so this week wasn’t a failure of the strategy, just that drawdowns like this are expected.

AUDUSD

A lot of failed trades here. I need to stop chasing and only get in at the end of an hour or as a crossup happens

Chop

Need to start using volitility contraction to navigate choppy areas. Wait for a few hours of small movement

For Next week

Try doing trades after a close above/below the 50 instead of as soon as it crosses (unless the bar is bigger than 1xATR - indicating the beginning of a trend).
Try using $5 stops regardless of stop size etc.
After two losses in the same place use trend lines to time next entry
At least 1xATR stop loss. Otherwise you get killed in the chop