Days without loss

The concept is quite simple:
trade everyday, profit everyday

In order to reinforce this I will take pride in my win streaks
I will not count pips, I will count days without loss

win streak = consistency = fat gains


Rules of engagement:

I will only place a trade if a setup is confirmed by an entry
I will only close a trade if a reversal is confirmed by an exit
I will not place or close a trade for any other reason

I will have a plan of action to protect my trade and minimize losses
I will not leave any trade unattended
I will only trade one pair at a time
I do not care about pips
I value consistent gains of any amount

Positive days will increase the streak
Negative days will end the streak
zero trade days will not impact the streak

Status:

Current Pair: USDJPY

Days without loss: 5

Previous streaks:

Cheers

Amateurs practice until they get it right
Professionals practice until they can't get it wrong

This is why those who found success say trading is hard work
Its not about the strategy- its about the execution

Who are you?

I will try and post some potential trades later this week as this thread develops

Here is my trade from 4/28:

1. Consolidation with bearish pressure
2. Stophunt/bullhunt
3. Confirmed entries on arrows

This was a good sized move, but I did not predict its destination. I exited after the reversal was confirmed by a higher low
If this happened at 10pips then i would have taken that instead

Cheers

4/29 USDJPY Update:
Retracement complete
Consolidation in progress

Daily trade:
stophunt at 106.710
confirmed entries at retracement
TP below SMA200 (confirmation needed of course)

Trade closed early before confirmation, i got spooked
still positive of course

Lesson for today: confirmation, confirmation, confirmation


arrows are potential entries/exits
x's are stophunts

update:
scalped another retracement move to end the day, 7.3% over 5 trades.

Slow and steady bois
because we do it all again tomorrow

cheers

Manipulation at work.

Spread increased by 10x while they draw the reversal

proof that new york close is never a good time to enter

USDJPY Sell Scalp today
I was hesitant to trade, woke up to MANY profits in other account....however I wanted day 4 for the books


classic 200SMA retracement, could have snagged more but lacked discipline today.

confirmation. confirmation. confirmation

Further loaded deposit, had some leftover in brokers wallet, might as well use it.

Goals for next week:
Utilizes multiple entries to strengthen positions
Square potential reversals
Stay green always and forever

Took some time off to finish my exams for school, thank god thats done
Nice 12% growth first day back, broke some rules which led to unnecessary risk and a long trading session.

Always follow the rules, the risk ain't worth squat

Good Morning,
In your RoE, you have said that I will only place a trade if a setup is confirmed by an entry.
Would you mind elaborating on what types of entry you look for please?
Aside from the 200 SMA, the other two look like 20 and 7 EMA's? Is that correct?
Thank you
Scchplendid