The taste of victory taste like masala. It feels amazing to pass my first prop firm challenge. I like to be on a set deadline. It forces me to budget my time block my day thoroughly, to make time to analyze the chart. One thing I did in this challenge is I only traded on pair
GBPJPY
. I entered a total of 23 trades, from the 8th of this month to today... The original plan was to make fewer trades, with higher lot sizes. Now my risk for this account was only 9.5% , so I had to budget my risk properly. That said, I ten fold on my entry, at one set price, as you see above. The results are in. I earned 5.03% on my account, breaching my 5% target! Price respected the first bullish engulfing, so I allowed the market to breathe, and form another bullish engulfing!
In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes. I exercised my entry near the golden zone.
WHAT DID I DO WELL?
1. Identified Market Trend
2. Identified A Continuation
3. Spotted Candlestick Pattern
WHAT DID I LEARN?
Allow the price to retest your zone twice before making a tenfold entry.
1. Price with this pair respects the 4H and Hourly timeframe.
DID I PREPARE PROPERLY?
YES, I waited for a confirmation..
Exit of Hourly Zone
WHY DID I TAKE THIS TRADE?
Several Confluences Inside The Golden Zone.
GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES:
Sticking to one pair allow me to identify the condition of the overall trend, and capitalize.
GBPJPY
. I entered a total of 23 trades, from the 8th of this month to today... The original plan was to make fewer trades, with higher lot sizes. Now my risk for this account was only 9.5% , so I had to budget my risk properly. That said, I ten fold on my entry, at one set price, as you see above. The results are in. I earned 5.03% on my account, breaching my 5% target! Price respected the first bullish engulfing, so I allowed the market to breathe, and form another bullish engulfing! In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes. I exercised my entry near the golden zone.
WHAT DID I DO WELL?
1. Identified Market Trend
2. Identified A Continuation
3. Spotted Candlestick Pattern
WHAT DID I LEARN?
Allow the price to retest your zone twice before making a tenfold entry.
1. Price with this pair respects the 4H and Hourly timeframe.
DID I PREPARE PROPERLY?
YES, I waited for a confirmation..
Exit of Hourly Zone
WHY DID I TAKE THIS TRADE?
Several Confluences Inside The Golden Zone.
GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES:
Sticking to one pair allow me to identify the condition of the overall trend, and capitalize.