Swing & position trading

JPY Index

More topside possible.
No previous reference high to work from.

FVG supported price all week.

Still sideways.

Inside week. No real change.

Same on DXY and CHF as well.

Was expecting some more upside.
Instead got a retrace.
Yet another retest and bounce from FVG.

Healthy correction.
Another test of the highs next week.

No change.
Level to break is clear for a test of the historical high..

Approaching historical high.
Gave back some this week.
Lower to go higher.

The only market that trended last week.
Nice respect of the FVG.

151.00 and some.
Position closed.
Will look to re-enter on a retrace.

Interesting thread, however do you keep trading journal ? To see your winratio and average R:R ?

Thank you for the question.
I do not keep a journal.
It is something I wrestled with for some time.
Win ratio? No idea, sorry.
R:R is an interesting topic.
Each trader has his own risk propensity.
My risk per trade is always the same - 1%
Stops are placed to fit the concept I am implementing.
Each one requires a different approach be it short term or position.

In the end I found it far better to just focus of the process and trust it.
That meant higher time frames and ICT concepts as I apply them.
They don't all work out and I have no problem when PA doesn't support my original thesis to cut for a loss.

Good and bad.

AUD/USD, AUD/CAD & NZD all respected the PDarray for a day then broke through.
EUR/GBP a decent move.
GBP/USD did as I expected breaking the double day lows.
EUR/NZD going for the top first.

I was hopeful this weeks PA on the daily would see price leave the weekly range.
Not to be.
Tested the bottom of the range and reversed.
Will just have to wait a bit longer before instigating a position trade.

Still the level to target.

FVG and volume imbalance to test.

Not a good look.