FTMO Free Trial Challenge with Nse

There's no possible re entry for now on EURUSD

Yeah it just to wait

This is the only possible setup which has a low win probability

Day 4 Trade Journal (2) (Thur, 13th August)

Asset- GBPCAD
Trade Type- Long Setup

Idea/Approach- I Spotted a Daily Channel and price is at a Key Support region that confluences with the Trend Support, on the 4hr, I spotted a pattern. Then on the 15mins I spotted a similar setup just like in GBPAUD. so, I entered buys. 2 positions

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

Entry 1- 1.8817, Entry 2- 1.8816
SL - 1.8790
TP - 1.8910

Comment: This was my 2nd trade setup today.

Please post your account Metrix (statistics) showing risk to reward and profit factor etc. Lets see how much you're risking.

Day 4 Trade Journal (2) (Thur, 13th August)

Asset- GBPCAD
Trade Type- Long Setup Update

Checklist-
a) A Daily Bullish Channel
b) Key Support region that confluences with the Trend Support,
c) 4hr bullish Crown Pattern.

N/B: After the Buys, got carried away by sleep, the second position was after I woke up, and I also spotted;
d) Validated 1hr Bearish Channel
e) 15mins Bearish Crown pattern

Execution - Instant
Analysis TF- D1/4hr/1hr/15mins
Entry 1- 1.8817, Entry 2- 1.8816
SL - 1.8790
TP - 1.8910

Comment: After holding this trade for 4hrs and price has not left my entry, I re-assessed the trade setup. Then I realized I was about repeating the same mistake I did in GBPAUD trade yesterday.
I spotted my entry was at the right shoulder of the 15mins Bearish Head and Shoulders pattern, and price was struggling to break above the region.
I Learnt from my mistake and closed the positions instead of waiting for it to drop down to add positions expecting it to buy back.

The setup was exactly similar to GBPAUD trade I took yesterday that got the account into drawdown, but this time, The buys I caught on GBPAUD around 1am before entering GBPCAD, has covered the losses, with extra profit on top.

I've exhausted 3 positions already this morning from my trading plan. 2 more to go for the day and I'm done. Will be looking for setups to trade during New York session.

Yes Sir. I've been doing that. once i'm done trading for the day.
Here's the one for today so far. Although I'm not done trading for the day yet.

Like i said the win probability was very low

Risk to reward is okay 1:1

There is still time to improve win rate, cut losing trades early

Waooo, this thread is so educative, thanks for sharing your experience. I have always wanted to understand prop firms modus operandi and this is a first hand way

Thank you, sir. I'm just building, fine-tuning, and adjusting the day-trading strategy. will just keep the risk at 0.5% instead of risking up to 2% of the account, since It's not a swing-trading strategy.

Thank you, Sir!
Still fine-tuning the day-trading strategy. Yesterday It was 1:3, but the losses affected it drastically. Youn can compare both dashboards. I'll just go back to keeping my Risk Low henceforth.

Noted Sir. Thank you. I'll do just that.

I'm glad you're learning it firsthand. Stay glued. I'll be honest and transparent with my experience, so you can keep benefiting from it.

Yeah. That's right. I'm not really trusting the sells on EURUSD, except it pulls up to a reasonable supply zone to continue the sells. watching this setup.
Looking at an entry level at 1.1544 and SL at 1.1550

on EURUSD- I'm having this Setup. Entry level will be a break and retest of the 1.1530 and my SL above 1.1545

Was the buys a short term buy

EURUSD will sell but it has to retrace deeper before selling again

I will monitor price to see if I can get an opportunity