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Cready Trades

4/19/23 What a Wednesday


Trading is a journey that requires patience, persistence, and continuous improvement. It's not just about making money, but also about developing your skills and becoming a better trader every day. This week, I took profits on multiple accounts and completed the third phase of the free Titan Challenge in just three weeks.


One thing I've learned in my trading journey is that your performance will show when you stop doing it just for the money. Instead, I embrace every opportunity to trade and develop my skillset. I use free challenges and competition accounts to test my strategy modifications and gain more experience.


Right now, I'm working on recovering my FTMO 200k account, one percent at a time. When this account hits breakeven, the MFF Phase 2 will be almost funded via a trade copier. It's a process that requires focus and discipline, but it's also rewarding when you see progress.


My current focus is on bridging the gap between my evaluation and live performance. I'm constantly working on adapting my strategy to swing from earlier points in new short-term trends, looking for early transitions in market structure, and watching for Fibonacci take profit levels being hit and the Monday-Tuesday Initial balance prints. The USD/CAD chart below is a perfect example of trying to get a little bit more of the move each time, rather than chasing perfection.


I believe that by staying disciplined, focused, and continuously improving my skills, I will achieve my goals as a trader. Trading is not just about making money, but also about becoming a better version of yourself. Keep pushing, stay disciplined, and always be willing to learn and adapt.

 
 
 

USD/CAD

  • This play I swung from NY Tuesday through Asia, London and back to NY.Day 2 Long on Monday. Fibs pulled across Day Range.

  • Price retraced through Asian & London Session to 71 Fib level.

  • Price rejected twice, then rose before stophunting back into thew low early in NY session.

  • Entered long on wick to the low targeting 0 and then Fib Levels -27 & -61.

  • Closed full position at -27 prior to NY open

 

NAS100

  • Took shorts at NY EO and secured some small profits.

  • Runners were stopped out for normal size loss.

  • Switched bias and traded long after textbook W formed at Initial Balance Low & 2x ADR Range.

  • Scalped in and out until completing Phase 3 on the Titan Challenge.

  • Took short scalps later in day prior to close on Live FTMO copied to MFF Phase 2 gaining over 0.25%.

 

US30

  • US30 gave us a PFH on Tuesday before breaking down.

  • Price came back to Previous day High level before working sideway beneath the Initial Balance Midpoint.

  • Entered Short in Asia with 25 pt SL targeting100 pts.

  • TP Hit in London

  • Took shorts at NY EO and secured some small profits.

  • Runners were stopped out for normal size loss.

  • Switched bias and traded long after double bottom formed near Previous Day Low.

  • Scalped inn and out until completing Phase 3 on the Titan Challenge.

  • Took short scalps later in day prior to close on Live FTMO copied to MFF Phase 2 gaining over 0.5%.



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