I used meta trader before, i kinda prefer this one now.,
i dunno why
I used meta trader before, i kinda prefer this one now.,
i dunno why
guess no trade for today, i cant find a right set Up
you know, keeping your capital intact for the right set up is better trading with no direction (gambling)
CAnt find the right set up to trade
so gonna try to trade my other set up which is following the trend
which is both SHORT
Both EMA are in downtrend and the candle is below and rejected
2nd is that will try to test the ascending trend line
Our TP here is to touch the ascending trend line
Risk reward is just only 1R
GBPAUD LOss
the spread messed up my stop loss,
anyway, it seems that was a bad trade
and i guess i might loss the trade also on the other one
and another loss
USDCHF
I just realized that it was not aimed for the 1R trade,
were it could have been a winner at 0.9075
Oh well , just like what they say,. you cant be right all the time
whats right here is the Risk management being done.
have a good weekend guys,
Let’s see if i can help you a bit here. Now this is just MY own reading using volume but i see there is no sign of weakness to short and lots of strength in the buyers on h1 not to mention daily levels show lots of strength as well if you look left. Your SL may likely get hit here (as there are lots of stops and other short traders trying to enter here) The Smart-Money knows this and will likely target your SL before IF any fall comes. The strength that just appeared the last few hours drop is perfect opportunity for them to run stops to the upside now. Conservatively my target would be 1.92550 area.
Your RR is good but your timing may be off to enter. Then again I could be totally wrong good luck with the trade.
got bored yesterday,
traded excessively and lost 10% of my live acount…
rules werent followed
i think its what blowing my account, boredom and not following rules on my trading set up.
hard lesson to learn
Well, today was the nail of the coffin on my FTMO challenge.
got mentally drained of thinking how to comeback from a loss which will not reach
the TP challenge with the few days left on it.
I dont wanna risk too much just to lose the whole account since it is still above the base account.
so I just decided to ask for restart of my Funded trade and try again.
I think from this, i learned that you need to have 2 or more profitable strategy that are back tested and front tested before doin it since the 30 days is too short if you have only 1 just like me.
I have noticed that i have to trade around 2 or 3 times a week if Im lucky since im busy also with my work and can only look at the market for a few hours.
Well, all i can say is we have to be disciplined as always and stick to our rules
goodluck everyone
https://www.tradingview.com/x/qnXjrLrn/
Just saw the call of 1.92550 nailed it pretty close to the top of the move, was worth about 100 pips. Price action followed pretty much to the point of i was said, Smart-Money becomes somewhat predictable and it gives you that extra edge to know the playbook like this to take the trades you want. Just have a look at what happened.
Good luck on the restart, trade well and trade smart.
Hey Guys,
here are the things ive learned from taking the Funded trading challenge that you need to pass
Hope this helps ,
Im still doing the challege by the way.
heres the thing,
Trading break out i guess is better when the session opens, like London and NYSE
the Asian session is kinda slow, unless there is a big news to cause volatility,
im not fond of trading break out,
most trades i like are the rising wedge, bull flag pattern and S&R on daily
but still we need to control our RISK management
chasing to trade, seems like fomo instead of waiting for the right opportunity, waiting to reach the resistance area
just stay focus and trade with strict discipline , thats all i can say
both Loss on my trades
Few tips, your SL is way too big so your RR could be improved, you really want to hold all the way down there and still want to be long? Also if you look on minimum the hourly you were selling into weakness, if anything that was a short and that would have nailed you the top of the move where price went down for a full 24hours to secure something.
If you are going to trade technical breakouts you will need much more to increase your success rates, especially on the lower time frames like m15 and m30.
Again same thing, you are selling into bullish strength, it was a buy signal and nailed you the bottom of this move. Are you starting to see what you need to add? I hope you are starting to see the pattern of your errors to enter. At best it’s going to go too much in win and losing streaks. No real edge. And you need that edge. Breakouts are not an edge and need much much more to be consistently profitable. These areas are high priority targets for Smart-Money to hit stops and trap traders.