{quote} Any 5 mins correction is a sell. Don't be in a hurry to jump in. {image}
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I will advice to wait for the bigger trade tomorrow. If this first 1hr candle (3rd bearish candle on 30 mins) closes bearish, I will be selling on 15 mins.
{quote} I will advice to wait for the bigger trade tomorrow. If this first 1hr candle (3rd bearish candle on 30 mins) closes bearish, I will be selling on 15 mins. {image}
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Yesterday I avoided 2 loses. We are in a complex weekly correction like I said before. And we see the market is indecisive at moment. Moving both up and down in mins.
Winning isn't about taking every single set-up you see. It's about trading the set ups with minimal risk.
If the market doesn't give me a clear signal, I don’t trade.
But if I see a sell signal on 15 mins, I'll take it. Keeping my risk to reward to 2:1.
{quote} Yesterday I avoided 2 loses. We are in a complex weekly correction like I said before. And we see the market is indecisive at moment. Moving both up and down in mins. Winning isn't about taking every single set-up you see. It's about trading the set ups with minimal risk. If the market doesn't give me a clear signal, I don’t trade. But if I see a sell signal on 15 mins, I'll take it. Keeping my risk to reward to 2:1. {image} {image}
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This is why I always wait for a clear signal. You get better entry and exit. My target is 4:1. If you are not in this trade, you still got a chance. Wait for any 5mins correction to join.
{quote} This is why I always wait for a clear signal. You get better entry and exit. My target is 4:1. If you are not in this trade, you still got a chance. Wait for any 5mins correction to join. {image} {image}
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We hit target at 4:1. YaHHHHoooo! I don't make more that 2:1 very often. Today I closed with a profit of $8K. Until we break below the trendline I will be taking small trades.
{quote} I will advice to wait for the bigger trade tomorrow. If this first 1hr candle (3rd bearish candle on 30 mins) closes bearish, I will be selling on 15 mins. {image}
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I will be entry the buy on 15mins if price breaks and retest my entry level. We are still in the Daily correction until we break the highs.
{quote} I will be entry the buy on 15mins if price breaks and retest my entry level. We are still in the Daily correction until we break the highs. {image}
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That sell trap took out many buyers. This is why it's good to have a plan before you enter a trade. You avoid more loses when you don’t chase price. See how we broke through and retested at my entry level.
My target is 3:1. I already secured 2:1. Let's see if we get the 3.
{quote} That sell trap took out many buyers. This is why it's good to have a plan before you enter a trade. You avoid more loses when you don’t chase price. See how we broke through and retested at my entry level. My target is 3:1. I already secured 2:1. Let's see if we get the 3. {image} {image} {image}
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Yes, we hit target. Yahhhhh! Once we get to the yellow resistance line becareful. That's a daily high. You want price to break above and retest to buy.
{quote} Yes, we hit target. Yahhhhh! Once we get to the yellow resistance line becareful. That's a daily high. You want price to break above and retest to buy. {image}
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No trades for me today unless I spot a pattern on 30 mins. Right now the market is in the middle of nowhere and can take any turn in minutes. Better to wait than get stuck in the wrong trade.
{quote} Dodged the bullet on buy trade. I don't think the bulls are ready to take the run yet. Every time we break a daily high we go back lower. We might be in the range trend for a while. Last time we had a weekly correction in 2021 it took 9 months to end. Now we are getting a complex correction, trading both up and down trends. {image} {image}
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I want to see price below my entry to sell. We have a strong bear impulse in the making. Don’t rush your entry. There's better R:R in the sell than in the buy.
{quote} I want to see price below my entry to sell. We have a strong bear impulse in the making. Don’t rush your entry. There's better R:R in the sell than in the buy. {image} {image}
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This is looking like a running flat meaning more downside.
{quote} I have been predicting the down move before it started. Now the market has confirmed total downside. I will be selling any 15 mins pullback. {image}
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If we get a pullback in 15 mins, I will sell and keep adding positions.We are totally going down now. Any buys will be a trap. You may not get a good exit on the buy.
{quote} If we get a pullback in 15 mins, I will sell and keep adding positions.We are totally going down now. Any buys will be a trap. You may not get a good exit on the buy. {image}
{quote} If we get a pullback in 15 mins, I will sell and keep adding positions.We are totally going down now. Any buys will be a trap. You may not get a good exit on the buy. {image}
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New week new opportunities. I'm still in the sell from Friday. Will be adding more positions to this trade.
Wow! We closed all targets todays. Each of these trade were 4:1. I made $20k in a single day. My highest profit so for in a day. We are totally going downtrend now.
I took some buys, lost some money and made some too. Unless you have the skills to take counter trades, don't buy.
Now I'm going to wait for 30 mins or 1 Hour correction to sell again. Probably tomorrow.
If you have been following my journey on trade accountability and discipline you know I'm serious about mastering emotional discipline. I believe 60 percent of a trader's success is emotional discipline while 40 percent is strategy. I signed up for FTMO $10k challenge to see how much I can control my emotions on a large account. I plan is to trade FTMO $100k account if I pass this challenge. I have already failed my first FTMO 10K challenge trading fiat currencies. Now I'm focusing on Gold for this challenge. I will be documenting journey and hopefully...
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Update: I failed my FTMO $10k challenge. Signed up for another account, almost blew it too. I was trading multiply positions as I do on my personal account and the broker humbled me.
Today, I GOT THE ACCOUNT BACK UP TO $10K AND I will try not to mess it up again.
My biggest challenge is that I'm trading mini size lots. I finally realize why small accounts get blown fast. It would have been easier to complete this challenge if I were trading a bigger accounts. Lessons learned.
