I Like to share in depth why I entered
USDJPY
the first week of the new year.
I decided to share my entry from my physical journal. This may give you an idea of the series of questions I ask myself as I enter the trade.
Which session did you enter this trade?
London
What is your take profit?
144.111
What is your Stop Loss?
142.431
WHY are you entering this trade?
1. Price is filling an imbalance.
2. Break above Sell Stop Liquidity
3. Break of Structure (Failed Swing)
Give Me Three Confluences
1. Failed Swing Broken 4H
2. Break above Sell Stop Liquidity
3. Fibonacci inside of 50% Fibonacci level.
Where is your entry?
142.851
In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes! I allowed price to hit my TAKE PROFIT
WHAT DID I DO WELL?
1. Identified multiple confluences
2. Went by what i was actually seeing.
WHAT CAN I DO BETTER?
Pat yourself on the back, you followed directions
WHAT DID I LEARN?
Confirmations increase success
DID I PREPARE PROPERLY?
YES, i read my written rules before i entered this trade.
I made entry using my Magic Keys.
WHY DID I TAKE THIS TRADE?
Price was approaching my 50% fib level, and closed above SSL..
WHAT IS IT YOU WERE SEEING?
Bullish momentum
Double bottom respected
WHERE DID YOU EXIT?
144.119
GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES:
When you work your plan, your plan will work for you!
By giving you an inside look at this series of questions I ask myself you start to see the psychology by way of management of emotions while in a trade, and following our rules, and by simply following directions.
What are your thoughts?
USDJPY
the first week of the new year. I decided to share my entry from my physical journal. This may give you an idea of the series of questions I ask myself as I enter the trade.
Which session did you enter this trade?
London
What is your take profit?
144.111
What is your Stop Loss?
142.431
WHY are you entering this trade?
1. Price is filling an imbalance.
2. Break above Sell Stop Liquidity
3. Break of Structure (Failed Swing)
Give Me Three Confluences
1. Failed Swing Broken 4H
2. Break above Sell Stop Liquidity
3. Fibonacci inside of 50% Fibonacci level.
Where is your entry?
142.851
In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes! I allowed price to hit my TAKE PROFIT
WHAT DID I DO WELL?
1. Identified multiple confluences
2. Went by what i was actually seeing.
WHAT CAN I DO BETTER?
Pat yourself on the back, you followed directions
WHAT DID I LEARN?
Confirmations increase success
DID I PREPARE PROPERLY?
YES, i read my written rules before i entered this trade.
I made entry using my Magic Keys.
WHY DID I TAKE THIS TRADE?
Price was approaching my 50% fib level, and closed above SSL..
WHAT IS IT YOU WERE SEEING?
Bullish momentum
Double bottom respected
WHERE DID YOU EXIT?
144.119
GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES:
When you work your plan, your plan will work for you!
By giving you an inside look at this series of questions I ask myself you start to see the psychology by way of management of emotions while in a trade, and following our rules, and by simply following directions.
What are your thoughts?