This is my first trade with
NAS100
where I managed to close 1:8. I look forward to more potential setups like these to share in the future. My mentor and I went over this trade over a Zoom call last night. I'd like to share the recorded call. If you like to see it, leave a comment. I post it on YouTube. A technique I learned from Kelly Ogbonna was gap fills. I practiced a gap fill in the 15-minute timeframe to see if the price would continue its trend, or reverse. This helped me monitor prices overnight. One lesson I learned from this trade is to allow the price to hit my confirmation. Another lesson I learned was to make friends with the trend. If I see a confluence in two larger timeframes. Stick with the trend. One last lesson I learned, was to kill the noise. No matter who you learn your information from, the only person that is going to make the trade is YOU, so count on yourself, and go with your gut.
In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes. I exercised Support & Resistance
Followed the trend, it's my friend!
Set my stop loss in profits!
WHAT DID I DO WELL?
1. Identified Trend in London Session.
2. Made An Entry In My Resistance Zone.
3. Exercised good risk management, by setting a stop loss in profit.
WHAT CAN I DO BETTER?
1. Loosen up my Stop Loss
2. Exit based on reversal candlestick in higher timeframe
WHAT DID I LEARN?
1. Following A Plan Is Profitable
2. Using Different Strategies Is Okay To Increase My Success
3. Set My Risk Reward Ratio Properly
DID I PREPARE PROPERLY?
YES, I entered a trade in USA session with confidence with several my confluences in my technical analysis.
This time I set my price, , and wait for a confirmation.
NAS100
where I managed to close 1:8. I look forward to more potential setups like these to share in the future. My mentor and I went over this trade over a Zoom call last night. I'd like to share the recorded call. If you like to see it, leave a comment. I post it on YouTube. A technique I learned from Kelly Ogbonna was gap fills. I practiced a gap fill in the 15-minute timeframe to see if the price would continue its trend, or reverse. This helped me monitor prices overnight. One lesson I learned from this trade is to allow the price to hit my confirmation. Another lesson I learned was to make friends with the trend. If I see a confluence in two larger timeframes. Stick with the trend. One last lesson I learned, was to kill the noise. No matter who you learn your information from, the only person that is going to make the trade is YOU, so count on yourself, and go with your gut. In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes. I exercised Support & Resistance
Followed the trend, it's my friend!
Set my stop loss in profits!
WHAT DID I DO WELL?
1. Identified Trend in London Session.
2. Made An Entry In My Resistance Zone.
3. Exercised good risk management, by setting a stop loss in profit.
WHAT CAN I DO BETTER?
1. Loosen up my Stop Loss
2. Exit based on reversal candlestick in higher timeframe
WHAT DID I LEARN?
1. Following A Plan Is Profitable
2. Using Different Strategies Is Okay To Increase My Success
3. Set My Risk Reward Ratio Properly
DID I PREPARE PROPERLY?
YES, I entered a trade in USA session with confidence with several my confluences in my technical analysis.
This time I set my price, , and wait for a confirmation.