Programming the mind to follow my plan every day is challenging. In order to secure a future as a trader, I must follow my own rules. Today I was able to capitalize on my principles, and I like to share it today. I was able to secure profits, by planning a day ahead. Price already rejected to this area yesterday. This is also the lowest low
NAS100USD
formed. I am managing to stick to my trading plan little by little. A major lesson I have learned is to allow the price target to mature. This trade was triggered in my sleep. My main lesson is to go with my gut when determining when to get out. As you can see, in USA session, the price started to retrace shortly after ten thirty am. My most profitable trades come from going with the trend. But in this particular trade, I went against the trend and entered a break of structure. It was a good 1:6 risk-reward ratio. For The First Time This Week, I am witnessing a potential exhaustion of a bullish trend. If the price stays below the white line, we are looking for short positions in the future. If the price breaks above the white line, we are looking for long positions!
In conclusion, I'd like to share my trading journal entry..
DID I FOLLOW MY PLAN?
Yes. I exercised Break Of Support
ALLOWED the price to hit your entry poiint
CLOSED THE TRADE IN SESSION.
WHAT DID I DO WELL?
1. Identified Trend Exhaustion in Previous Session.
2. Stuck To My Trading Plan by entering at break of support..
3. Exercised good risk management, by setting a stop loss.
WHAT CAN I DO BETTER?
1. Set a Higher Lot Size. Double Down
2. Allow the trade to cook until I see potential trend exhaustion..
WHAT DID I LEARN?
1. Following My Plan Is Profitable
2. Using One Simple Strategy Is Okay To Increase My Success
3. How To Enter The Market At A Break Of Support
DID I PREPARE PROPERLY?
YES, I entered a trade in my session with confidence with several of my confluences in my technical analysis.
This time I set my price at support, and wait for a confirmation.
The Small Wins Count. Your subconscious mind will be simply impressed
NAS100USD
formed. I am managing to stick to my trading plan little by little. A major lesson I have learned is to allow the price target to mature. This trade was triggered in my sleep. My main lesson is to go with my gut when determining when to get out. As you can see, in USA session, the price started to retrace shortly after ten thirty am. My most profitable trades come from going with the trend. But in this particular trade, I went against the trend and entered a break of structure. It was a good 1:6 risk-reward ratio. For The First Time This Week, I am witnessing a potential exhaustion of a bullish trend. If the price stays below the white line, we are looking for short positions in the future. If the price breaks above the white line, we are looking for long positions! In conclusion, I'd like to share my trading journal entry..
DID I FOLLOW MY PLAN?
Yes. I exercised Break Of Support
ALLOWED the price to hit your entry poiint
CLOSED THE TRADE IN SESSION.
WHAT DID I DO WELL?
1. Identified Trend Exhaustion in Previous Session.
2. Stuck To My Trading Plan by entering at break of support..
3. Exercised good risk management, by setting a stop loss.
WHAT CAN I DO BETTER?
1. Set a Higher Lot Size. Double Down
2. Allow the trade to cook until I see potential trend exhaustion..
WHAT DID I LEARN?
1. Following My Plan Is Profitable
2. Using One Simple Strategy Is Okay To Increase My Success
3. How To Enter The Market At A Break Of Support
DID I PREPARE PROPERLY?
YES, I entered a trade in my session with confidence with several of my confluences in my technical analysis.
This time I set my price at support, and wait for a confirmation.
The Small Wins Count. Your subconscious mind will be simply impressed