Trading can be a rollercoaster ride, but this week has been a smooth sail for me so far. I am grateful for the opportunities that the market has presented me with and I am happy to say that my execution has been flawless.
Some highlights of my week include taking profits on multiple accounts and finishing MFF Phase 2 on US30 Longs in NY. While I did take on other positions as scalps, I am pleased with the outcomes of these trades.
But it hasn't been all sunshine and rainbows. My 200k FTMO Account was in a 5% drawdown starting Sunday, but I managed to bring it back to 1% profit. It's a reminder that trading is a marathon, not a sprint. It's important to stay focused, disciplined, and patient.
As I continue on this journey, I am reminded that success in trading comes from embracing every opportunity to trade and develop my skillset. I also use free challenges and competition accounts to test my strategy modifications. My goal is to bridge the gap between my evaluation and live performance, and I will continue to work towards this every day.
US30
Wednesday gave us an Inside Day on US30.
In this situation I continue using the previous days fibs.
Price had been lowly working its way down since rejecting 61 in NY Tuesday.
Price broke down again and rejected 38 3 time in NY Wednesday.
Because price had worked higher levels already I was confident entering from 23.6 in Asia.
3 pushes into the level before capitulating at London Open.
I woke up at 5am after price had bounced off TP1 and closed at nearly 1:3.5
NAS100
Wednesday gave us Day 2 Shorts before bouncing off the Initial Balance Low.
Price returned to the IB Midpoint and printed a peak formation inside a peak formation.
This formed at 66/71 fib level & upper barrier on my down channel.
I scalped short at the close of NY session and returned for Asia.
Price continued down and rejected 38 fib level from below.
I entered short w/ a 25pt SL. 3 pushes into London Open before breaking down 100 pts.
I woke up around 5am in London and closed 1:4
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