FTMO Free Trial Challenge with Nse - Page 16

@israeljasspu - 2 hours ago

DAY 8 Trade Journal (1) (Wednesday, 19th August)

Asset: GBPCAD
Trade Type-Long Setup

Execution- instant
Analysis TF- D1/4hr/1hr/15mins

Idea/Approach: Price traded below last week's low but didn't break below it. Also, price created an irregular crown pattern on 1hrs, and broke the neckline, which was the last high that gave the most recent low. Entry at the confluence price, where the retest for all the checklist meets.
Checklist:
>Invalidation of the 4hr bearish Channel
>Invalidation of the 4hr Falling Wedge Pattern
>Creation of Inverse crown pattern (trend reversal pattern)
>Creation of a 1hr Ascending Bullish Channel

Entry- 1.8798
SL- 1.8755
TP-1.8903

Comment: This is my First trade on the account.

Nice

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@nsg_usd - 2 hours ago

Quoted - nsg_usd

I'm still following up on GBPAUD Setup tomorrow.
Will be looking at entering buys @1.9065 price level with SL at 1.9004 and TP at 1.9224

Followed up GBPAUD today but was too sleepy to find an entry during Asian Session, as price didn't return to my Pending Order Entry. I saw an entry opportunity at 1.9088, where the market opened today but was struggling to make informed decision especially with SL placements, Lot sizing and Target profit.
So, instead of forcing myself to stay awake, I just gave in. Only to wake and see price rally as expected.
Trading Daily requires a lot more mental Strength and power than Swing trading. You're at risk of Burnout and Analysis Paralysis, but that's where it's important as a trader to have a structure and trading plan to address these issues. Whatever Affects your Brain, can lead to poor Judgement, make you become erratic and less productive.
Know your Strengths and weaknesses and don't stretch beyond your body's capacity at the moment. Trade when your Health and Brain System is at Active and Optimal level for the day.

@yokoyi @asuquokelvin @israeljasspu @godspowerdan

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@nsg_usd - 1 hour ago

Quoted - nsg_usd

Still following up on EURAUD tomorrow.
Will be entering Buys from the flip zone with my previous parameters.

Entry- 1,63035
SL- 1.6253
TP-1.6515

EURAUD Update
Price didn't return to my Entry Level at 1.63035 but rather started the day's rally from where It closed yesterday. Still following it up for a Retracement to join the rally. Expecting the rally to reach 1.6504.

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@godspowerdan - 1 hour ago

Quoted - nsg_usd

Yeah. It did. This one that I was not heavy on my risk, went well without stress. If I max out my risk now, I'll just be finding myself in unnecessary losses.

Yeah

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