My first attempt to write a trading journal.
Strategy: trade the major swing/reversal, based on the high timeframe (daily, weeklu, monthly). Identify the supply-demand zones (SDZ) at 3 different timeframes (i) daily SDZ= thin line rectangle (ii) weekly SDZ=filled-color rectangle, (iii) monthly SDZ=thick-line rectangle.
* my credit esp goes to: Winston Reed (for his strategy of identifying potential supply-demand zone by looking at Large Body Candle (LBC)), Akt (Trading Institutional Order Flow) and Davit (Trading Using Pivot and TDI)
Edit:
This is the way I plan to write my journal:
I'll write only 10 entries in this thread (1 entry per 1 pair) I trade major pairs only.
I'll only edit/update the entry (pair) ie when I take the trade, when I need to update my weekly & monthly sentiment for that pair etc...
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My current trade/open position sell USDCHF. Moved SL to BE, not willing to take the risk of FOMC tonight.
Entry criteria: (i) price has been entering/inside weekly SDZ for 3 days. (ii) D1 bull candle size getting smaller (iii) 1st bearish D1 candle formed at day-4
SL: moved to BE (+2pips) at day-2 trading-day
TP: just before the identified D1 demand zone (+60pips)
Strategy: trade the major swing/reversal, based on the high timeframe (daily, weeklu, monthly). Identify the supply-demand zones (SDZ) at 3 different timeframes (i) daily SDZ= thin line rectangle (ii) weekly SDZ=filled-color rectangle, (iii) monthly SDZ=thick-line rectangle.
* my credit esp goes to: Winston Reed (for his strategy of identifying potential supply-demand zone by looking at Large Body Candle (LBC)), Akt (Trading Institutional Order Flow) and Davit (Trading Using Pivot and TDI)
Edit:
This is the way I plan to write my journal:
I'll write only 10 entries in this thread (1 entry per 1 pair) I trade major pairs only.
I'll only edit/update the entry (pair) ie when I take the trade, when I need to update my weekly & monthly sentiment for that pair etc...
--------------------------------------------------------------------------------------------------------------------------------------------------------
My current trade/open position sell USDCHF. Moved SL to BE, not willing to take the risk of FOMC tonight.
Entry criteria: (i) price has been entering/inside weekly SDZ for 3 days. (ii) D1 bull candle size getting smaller (iii) 1st bearish D1 candle formed at day-4
SL: moved to BE (+2pips) at day-2 trading-day
TP: just before the identified D1 demand zone (+60pips)
an attempt of compounding, from USD50+25bonus until ....burnout..haha
SAD swing/reversal (weekly TF) All Time Return:
-38.3%