It’s great that you are maintaining a record of your trades. A trading journal is very helpful for people to go back to their trades and see what mistakes they have made in the past. A lot to learn from them, good luck to you.
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thanks
bro, hope it will continue
sorry guys pretty busy this last few days on work
too early to close
re shorted
Nice short again
on GBPUSD
Due to Boredom, i was gonna pass my Prop challenge, i traded a huge lot and blew up my account due to it
well i have to be more discipined more
Changed my trading strategy now with Pullback fib
it seems its working quite well
all i need is a proper risk management
so im using 0.3% per trade trying to get a 10% within 1 month
I think the only way to get this is letting the winner run longer
since my risk reward as of now is 1:3R
first trade
AUDJPY short on 5min TF
Guys!!
I opened a live account now,
Iits on pepperstone,
Here is my trade strategy
Mostly Fib retracement trade mostly on 15 min time frame
you have to check the direction of the pair first if it is uptrend or downtrend
my best entry when the 20EMA is inside the fib retracement and price touches it.
I usually enter the trade Premarket before US open, around 5AM to 7AM NYSE time.
another thing i do is check which currency is strong on that time on the 1 hr and 4hrs
TP is the bottom of the fib, 100%
hope this helps
theres a lot of trades that can be taken, everyday with this set up
all you just need is to manage your risk
I will just risk 1% on my account per trade
Goodluck! everyone
huge drawdown on friday
LONGed on CAD pairs
and it was horrible after the news, got into FOMO and hold the idea on that one for too long
the other trade was , the LONDON fix wrecked my plans even thou the bias was right
and the bad part was i got into overtrading for that, exceeded my 5% max loss for the day
the EURCAD 2nd trade would work but i was too sleepy already and i had enough for the day so i didnt trade it at all
Ill just do my best next week, there is still good opportunity waiting for next week, no need to rush and no need to revenge trade at all,
happy weekend
