I discovered trading back in 2021, but have been serious (locked in) since November 2022. This was around the time I acquired my mentor, and we have been working closely on the markets together. My weakness has been risk management. I lost a couple thousand dollars in live money, not using a TP or SL at all in my trades, even though my mentor encouraged me to do...
Developing a routine for studying the OANDA:GBPJPY market makes life easier. We all have an hectic life. Taking time out to study the charts for an hour is the equivalent of boiling some Chai tea, early in the morning, from start to finish, step by step. It feels amazing to pass my second prop firm challenge. The best part is I have an outlet to share it. My...
The taste of victory taste like masala. It feels amazing to pass my first prop firm challenge. I like to be on a set deadline. It forces me to budget my time block my day thoroughly, to make time to analyze the chart. One thing I did in this challenge is I only traded on pair OANDA:GBPJPY . I entered a total of 23 trades, from the 8th of this month to today......
The past couple of weeks, I have got involved with a propfirm challenge, I will not say which one, because they do not pay me to advertise thier brand or products, but I will say this propfirm has a Free Trial, propfirm challenge, that you may participate in before you purchase any tests! One thing I liked about the challenge is , I had only four benchmarks to...
Have you ever we walk out of a convenience store & spotted change on the ground, and walked right past it? Because it was "just" a coin? Well, that money can well be added to your piggy bank, only if you claim it, pick it up, and put it in your pocket. If not, it is gone forever for the next man to put in his pocket. There were so many errors made in this trade....
In the British community. A pastime is going on a ramble. Meaning, it is a, what we Americans call, a hiking trip. The pair has been on this "Ramble" for quite some time, but the past week or two OANDA:GBPJPY has had some trend exhaustion. We have seen swing highs this pair has not reached in several years. As an experienced trader, you will learn that price,...
It can be meaningful to have a proper risk management strategy in place. Without one, you are shooting yourself in the foot. I have learned this the hard way! Blowing several accounts, I had to learn what a risk-to-reward ratio is, what a Fibonacci is, and when to use a Stop Loss, and Take Profit. Things I was too good to learn in the beginning, I am currently...
An analogy Being a forex trader on the charts is the equivalent of being an NFL coach, watching your players on the field. They follow your lead, and when they make mistakes, you have to keep your composure and stick to the plan. It can be fourth down on the play, 45 yards to the endzone, with eight seconds left in the game. It is up to you to not only trust your...
With Independence Day on the calendar. The day off may not have been the best time to go long with $OANDA:XAUUSD. There were so many errors made in this trade. Shall we begin? To start off, I'd like to say, I did not trade both sides, breaking the first rule of my trading plan. Second, I originally lost 6% early yesterday, but I made a revenge trade in the same...
I made it a goal , to only make trades in two trading days this week. This week I have broken my rules.. Failed. While I did trade-in session, I had trouble, marking my target on my calendar. I set my entry OANDA:GBPJPY with the fear of missing out... Seeing price action hit your confirmation can be exciting, but can you hit the turbo too soon? Yes, you can....
Don't believe me just watch ;) OANDA: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...
OANDA:GBPJPY has been on a massive bull run all summer long. It feels great to capitalize on the trend. I briefly gave you a "pre-market" analysis of my trade in the higher time frame on video earlier. Well, today we capitalized on a 1:9 Price that was on a countertrend in the four-hour timeframe(Red Line). I spotted a bearish engulfing forming inside my key...
Here I give you A BRIEF raw, and uncut, brief analysis on OANDA:GBPJPY in the London session this great rising! I will cover my pre-market analysis, and entry, and WHY I simply entered this trade.. I will share a screenshot, and post-analysis, shortly! If you grabbed any value from this analysis, connect with me on social media, (i.eYouTube, Twitter) Let's...
Since the market opened Sunday I've been keeping my eye closely on PEPPERSTONE:GBPUSD . The past two weeks, the price has been on a retracement of my weekly demand zone. Support creating resistance, and as of last week has been on a bear run. Early this week I spotted major consolidation, and a retest of my entry-level "three" times. I quietly asked myself when...
This particular pair OANDA:GBPJPY , I committed one year to. I decided if I am going to have any success at trading, pick one pair, and stick to it! Although I've been on shuffle with my portfolio, I always revisit this pair. I like to say I'm married to it ;) After a long night out with the other pairs, I came on home this morning. From the looks of this trade,...
This week I have managed to blow one of my trading accounts entering the NASDAQ:TSLA . Market. I'd like to share my experience of losing this trade, as well as share the mistakes, as well as emotions I was truly feeling while in this trade, so if you, a new trader, want to learn from other traders, like myself, mistakes, now is the ample opportunity. I have...
We are charting NASDAQ:TSLA NYSE:HLT and NASDAQ:MSFT for potential entries on Monday.
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 OANDA:NAS100USD ...