Don't believe me just watch ;)
XAUUSD
has been all on my watch, since midnight yesterday. Haha.. The past week and a half gold has been on a decline. This has been a profitable week, and the best part about this week, I have been able to share my trade. Win or lose. Today is my very first time trading gold on a live account. My heart was in my stomach when I set my entry and went to bed, but I had good confluences consistent with my bias. I generated an area of liquidity in the four-hour timeframe. I also set a bearish trendline in the four hours. One last thing I spotted in the four hours, was a bullish engulfing. I set my Fibonacci from the recent swing low to the recent swing high. Due to no drawdown, we were able to clear a smooth 1:3 efficiently. I did hold my trade out of session, as you can see. I wanted to see price break the recent swing high. This was a measure of greed... Either way, I closes on trade at a Stop Loss in Profit, and the last one manually.
Now To Enjoy The Weekend :)
I like to connect with you, so share your feedback!
What are your thoughts?
In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes. I exercised risk management
I made entry at a golden zone.
Set my take profit 1:3
WHAT DID I DO WELL?
1. Identified A Reversal Candlestick In Higher Timeframe.
2. Traded the pair in MY session!
3. Entered The Market With Confirmation.
WHAT CAN I DO BETTER?
When In Profit Trail, and Stop It. There is no reason, why I should trade out of my session. Nothing to see..
WHAT DID I LEARN?
1. More Confluences increase the Ratio Of Success.
2. How To Identify A Valid Countertrend
3. Maximize Your Profits Earlier..
DID I PREPARE PROPERLY?
YES, I entered a trade with several confluences in my technical analysis.
*NEW / GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES:
The market trend can turn its back on you, so have an exit route in place.
This time I set my price, doubled down, and wait for a confirmation.
We hit the jackpot, and struck GOLD
XAUUSD
has been all on my watch, since midnight yesterday. Haha.. The past week and a half gold has been on a decline. This has been a profitable week, and the best part about this week, I have been able to share my trade. Win or lose. Today is my very first time trading gold on a live account. My heart was in my stomach when I set my entry and went to bed, but I had good confluences consistent with my bias. I generated an area of liquidity in the four-hour timeframe. I also set a bearish trendline in the four hours. One last thing I spotted in the four hours, was a bullish engulfing. I set my Fibonacci from the recent swing low to the recent swing high. Due to no drawdown, we were able to clear a smooth 1:3 efficiently. I did hold my trade out of session, as you can see. I wanted to see price break the recent swing high. This was a measure of greed... Either way, I closes on trade at a Stop Loss in Profit, and the last one manually. Now To Enjoy The Weekend :)
I like to connect with you, so share your feedback!
What are your thoughts?
In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes. I exercised risk management
I made entry at a golden zone.
Set my take profit 1:3
WHAT DID I DO WELL?
1. Identified A Reversal Candlestick In Higher Timeframe.
2. Traded the pair in MY session!
3. Entered The Market With Confirmation.
WHAT CAN I DO BETTER?
When In Profit Trail, and Stop It. There is no reason, why I should trade out of my session. Nothing to see..
WHAT DID I LEARN?
1. More Confluences increase the Ratio Of Success.
2. How To Identify A Valid Countertrend
3. Maximize Your Profits Earlier..
DID I PREPARE PROPERLY?
YES, I entered a trade with several confluences in my technical analysis.
*NEW / GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES:
The market trend can turn its back on you, so have an exit route in place.
This time I set my price, doubled down, and wait for a confirmation.
We hit the jackpot, and struck GOLD