FTMO Free Trial Challenge with Nse

Is the trade still running?

Today's Trade Journal (Mon, 10th August) (3)

Asset- NAS 100 (1)
Trade Type- Short Setup

Idea/Approach-I Waited for
a) double top to form at the 24842-resistance price level and then
b) invalidation of the 4hr bullish trend support followed by
c) a retest of the trend support as resistance and
d) a 15mins bearish channel pattern to form for me to
e) Enter at the 15min pullback after the 4hr Engulf at New York session

Execution - Instant
Analysis TF- D1/4hr/1hr/15mins
Entry 1- 29733
SL - 29914.07 ($104)
TP - 29300.12 ($201)
RRR- 1:2rrr

Comment: This is my second trade setup on the account. The trade is currently running and I'll be holding it till tomorrow. I'll Wait for it to hit TP, But if it gives me a reversal at the 29600 minor support level then I'll exit manually.

Yes it is. currently in profit. Will just hold and see how it goes tomorrow

Asset- NAS 100 (2)
Trade Type - Short Setup

Idea/Approach-I Waited for
a) a 4hr double top to form at the 24842-resistance price level and then
b) invalidation of the 4hr bullish trend support followed by
c) a retest of the trend support as resistance and
d) a 15mins bearish channel pattern to form and confluence with
e) a minor resistance at 29755 and then
e) I Enter at the 15min pullback after the 4hr Engulf at New York session

Execution - Instant
Analysis TF- D1/4hr/1hr/15mins
Entry 2- 29733
SL - 29914 ($90)
TP - 29300 ($216)
RRR- 1:3rrr

Comment: I have 2 positions running on Nasdaq currently in profit. Total risk of $194 for a profit take of $400

The entries are literally the same as it would have been if I waited for the break below. the trade is currently in profit, but will just be looking out for exit pattern.

Yes indeed. Thank you, Sir,

it is. price broke below 0.7060, I'll be expecting it to sell down to 0.7020.

I'm not trusting this sells, looking like it will soon reverse for buys. A break above 1.1558 price level will invalidate the setup

Day 1 Trade summary on the Account (Mon 10th August)

I took 2 trade setups on the Account
Nas 100 sell 2 positions
AUDUSD sell 3 positions

Total running positions- 5
Total Risk- 0.6% approx.
Profit Target-1%.

Comment: Due to the duration of the FTMO challenge, I won't swing trades or hold them till full TP but will adopt more of a day-trading approach.
I have closed the trades;
Account balance is $99996.
Profit: +$28.28
Swap: -$17.12
Commission: -$15.00
Despite being a Swing Account, swap and commission are being deducted, but I suppose it's lower than non-swing accounts.
for a 1 standard Lot on AUDUSD- swap fee is $5.8 and commission is $5.00
For a 0.5 mini lot on Nas 100- swap fee is $0.14 and no commission is being charged.

Observation: Commissions are being charged on Currency pairs, but not on Indices.

Day 1- Dashboard Summary (1)

This dashboard shows the graph of my lowest equity, highest equity, and closing price/New equity for the day.
For yesterday, the equity went as low as $9,9951, which was approx, 0.2% of the account.

Day 1 dashboard Summary (2)

My discipline score requires minimum 2 trading days for it to start showing the value.
The value calculates the consistency of my trading based on the of each trading day.
High value will indicate a more consistent trading.

Day 1 Dashboard Summary (3)

My total lot size was 4, and my total position was 5.
My win rate - 40%.
Average profit- $25
Average loss- $18

Day 1 trade Summary (4)
This shows each profit/Loss I make each day on a calendar format. and the number of trades.

AUDUSD- Trade Setup Update
Price made it to my TP region, after I closed out the trades. Had the feeling to wait till 6am for the 4hr candle to close before exiting the position, but I closed out around 5am.
Lesson- Should have been more patient, but it's fine.

NAS 100- Trade Setup Update
I exited the trade, because price broke out of the channel. But will look out for re-entry if need be.

yeah its good risk mgt

Day 2 Trade Journal (1) (Tue, 11th August)

Asset- NAS 100 (1)
Trade Type- Short Setup

Idea/Approach- Continuing from yesterday's trade Idea.
Checklist:
a) double top Formation at the 24842-resistance price level
b) invalidation of the 4hr bullish trend support
c) a retest of the trend support as resistance
d) Formation of a 1hr bearish channel
e) Entry after the 6am 4hr Engulf pattern.

Execution - Instant
Analysis TF- 4hr/1hr/15mins
Entry 1- 29716.13
Lot Size- 0.5 mini-lot
SL - 29877.46 ($80.67)
TP - 29296.61 ($209.76)
RRR- min 1:2rrr target

Comment: After closing out on my trade positions on Nas 100 earlier this morning around 4am, I re analyzed the short setup, and it was still valid despite invalidating the LTF bearish channel. so, I re-entered two positions, and set a pending order for the 3rd position.

This is my First trade on the Account today.

Thank you Sir.

Day 2 Trade Journal (1) (Tue, 11th August)

Asset- NAS 100 (2)
Trade Type- Short Setup

Idea/Approach- Continuing from yesterday's trade Idea.
Checklist:
a) double top Formation at the 24842-resistance price level
b) invalidation of the 4hr bullish trend support
c) a retest of the trend support as resistance
d) Formation of a 1hr bearish channel
e) Entry after the 6am 4hr Engulf pattern.

Execution - Instant
Analysis TF- D1/4hr/1hr/15mins
Entry 2- 29701.03
Lot Size- 0.5 mini-lot
SL - 29871.70 ($85.34)
TP - 29298.54 ($201.25)
RRR- min 1:2rrr target

Comment: I'll be holding till the next 4hr closes at 10am, before I reassess whether to continue holding till New York, or to take profit manually if it doesn't get to TP.

Clean trade. How much are you targeting on this particular trade