Cashflowmarcofx

Cashflowmarcofx

DID I FOLLOW MY PLAN? Yes I allowed price to break my failed swing! WHAT DID I DO WELL? I entered the correct session & waited for a retest! WHAT CAN I DO BETTER? Flawless Trade! WHAT DID I LEARN? Give your TPs some breathing room! DID I PREPARE PROPERLY? YES! I waited for a confirmation! WHY DID I TAKE THIS TRADE? I saw the trend reverse with the coorelating...

Cashflowmarcofx

One Hop This Time! Bring It Back Now Yall! OANDA:GBPUSD made a major dip to wrap up the week. Thursday night both OANDA:GBPUSD & OANDA:GBPJPY made a significant dip in the Tokyo session! Prompting myself to make a counter trend entry. WHY? because price corrects itself often! This is trade 2 of 3!

Cashflowmarcofx

The month of April has been successful for me overall. I managed to earn 7% last week, and I'd like to share one of my three trades, that earned me the overall 7%! OANDA:GBPUSD has been fundamentally on the forecast in the news. With the US not cutting FED rates, this puts a pound on the Great British economy! I have learned to incorporate fundamental analysis...

Cashflowmarcofx

This was one of the most heartbreaking wins I ever had... COINBASE:BTCUSD was a pair I had been building a relationship long before I ever made this entry. This pair is extremely volatile. I mean it is crypto! I decided to dable because I had a high probability setup. Although the price did go my way, I got greedy and decided to hold overnight. Big mistake. I...

Cashflowmarcofx

Its been a while, so id thought I lay out my worst trade in the month of March with $OANDA:GBPUSD. As you can see I had the right direction with the overall trend, but my timing was slightly off. In this market, it is all about timing. It is one of the many aspects of trading we have to master. This trade gave me clarity although it was a loss, because I went...

Cashflowmarcofx

It has been an eventful start to the year. With a new year, comes a resolution, but instead of a resolution, we are sticking to our trading plan, and reading our rules, all year long, before each trade. I have decided to adventure pairs and expand my portfolio. Today we dive deep into OANDA:GBPUSD . Now I'd like to share my trading journal entry... DID I...

Cashflowmarcofx

I Like to share in depth why I entered OANDA: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...

Cashflowmarcofx

We have to talk about the losses too. More importantly this one. I must learn to stick to my ABC trading rules. I broke several rules on this trade, and I wanted to go into detail on why this was an F trade. OANDA:GBPJPY TRADING RULES violated: A. Do NOT risk more than 1% of your account abalance. B. Once your TP & SL is set, leave it there. E. Only enter...

Cashflowmarcofx

One millionaire trading habit I have learned is to FOCUS MORE ON SYSTEMS & GOALS Knowing this, I KNOW BETTER, from last week, not to risk more than 1% of my account in every single trade. I strive to trade another day. A losing day has given me so much more insight, into myself, and my strategy, more than a winning day, allowing me to sharpen the saw on my risk...

Cashflowmarcofx

This previous week was one for the books. Being that this is quarter four. I realize these are not the best conditions to trade on the market. Unless you have years of experience. With that being said, I'd like to go over the final trade of the week. That helped me end the week at breakeven. Id like to share some of the mistakes I made, as well as some of the...

Cashflowmarcofx

ENTRY I Like to share in depth why I entered OANDA:GBPJPY here, so 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? Tokyo What is your take profit? 187.425 What is your Stop Loss? 186.125 WHY are you entering this trade? The...

Cashflowmarcofx

Happy Holidays from my family to yours. Today I'd like to share my experience in this trade. The way I managed this trade, as well as my emotions, and what encouraged me to take this trade in the first place. I have managed to successfully grow two and a half percent with this trade today. I entered OANDA:GBPJPY Tuesday, and closed this position Thursday....

Cashflowmarcofx

It has made me happy to stick to trading. It is a reflection of the real world. Every day everyone is unique. So is OANDA:GBPJPY . One millionaire trading habit I have learned is, YOU CAN NOT PREDICT THE MARKET. Knowing this, I do not risk more than 1% of my account in every single trade. I strive to trade another day. A losing day has given me so much more...

Cashflowmarcofx

If you have had a successful trading week this week, I'd like to congratulate you. There has been a lot of red folder news, that made fundamentals outweigh the technicals. This week for me on the other hand has been filled with many lessons. Not only with OANDA:GBPJPY , but my own personal trading style. Being in the trade exudes a different energy signature. It...

Cashflowmarcofx

Today is the first week of my phase 1 prop firm challenge. I'd like to document the entire journey win or lose, so you see where I need improvement, as well as areas I did well, while in the trade. This way you can learn from my experiences, and fast-track your trading success. There are a set of rules that I stick by when placing my trade and for the sake of...

Cashflowmarcofx

It makes a difference when you learn to master one pair. OANDA:GBPJPY has been my "main" pair for about six months now. I decided to stick to one pair after blowing several accounts, attempting to diversify my portfolio. (i.e trading other pairs). This market is an open world, and if you do not hone in on the skill, each pair will chew on your money, and spit...

Cashflowmarcofx

We have to talk about the losses to. Let's talk about it. From now on I am going to try not to be so claustrophobic with my stop losses. I've managed to cut my loss short with OANDA:GBPJPY . Even though it was less than one hundred dollars, we are learning not to risk more than one percent, with that being said, we are going to cut our losses if we reach a tenth...

Cashflowmarcofx

Risk management has been my right-hand man. We are locked in on these markets. Without risk management, I'd not be efficient enough to capitalize on my trades. I've been heavily involved in the prop firm space for over 90 days, and I am gaining consistency in my trades. It is going to take for me to stick to my trading personality in order for me to successfully...