Hi All,
I have started my evaluation process with MyForexFunds and will post all the trades I take from here on in my attempt to journal my trades and look back to refine my strategy.
My risk perimeters per trade is 0.5-1% with an intended target of 1:3 RR
I will take 1 trade per day, in the NY or London Session
This is my trade idea for the day:
Price has retraced to an order block from the FOMC News on Friday
*market structure bearish
*Filling in an area of Inefficiency/ Fair Value Gap
*We are at the top of a descending channel with a moving averages crossing and price falling below some major MAs
*The 1H candlestick pattern: closed bearish after a doji
I believe price will try to make its way to the bottom of the channel
1% risk
There is no major news today
I have started my evaluation process with MyForexFunds and will post all the trades I take from here on in my attempt to journal my trades and look back to refine my strategy.
My risk perimeters per trade is 0.5-1% with an intended target of 1:3 RR
I will take 1 trade per day, in the NY or London Session
This is my trade idea for the day:
Price has retraced to an order block from the FOMC News on Friday
*market structure bearish
*Filling in an area of Inefficiency/ Fair Value Gap
*We are at the top of a descending channel with a moving averages crossing and price falling below some major MAs
*The 1H candlestick pattern: closed bearish after a doji
I believe price will try to make its way to the bottom of the channel
1% risk
There is no major news today