5/3/23 Red Folder Wednesday

Today's trading session was filled with exciting opportunities, and I am pleased to report that I executed my trades with excellence. I was able to lock in overnight profits on USD/JPY and AUD/JPY while breaking even on my USD/CAD trade. Additionally, I took advantage of scalping opportunities on NAS100 and US 30, both in the morning and after the FOMC Press Conference at 2:45 PM.

If you take a look at the charts for NAS100 and US 30, you will see the areas I scalped, and the exact position entries can be viewed in the Metatrader screenshots. I secured decent profits on my trade copier (FTMO/MFF), my TFT Royal Account and accumulated over 7% on my Funded Engineer 100k Phase 1 challenge. Overall, it was a successful trading day, and I am excited to see what opportunities the market will present in the coming days.

AUD/JPY

• 3 Levels of rise into PFH.

• Basic 2:1 Setup after FRD.

• Continuation from 23.6 in common in this scenario.

• Entered on breakout of 0 fib level/previous days low targeting -27.

• Asian Entry to London TP

• 0.5% locked on TFT

NAS100

• Peak Formation High formed Monday trapping volume above Last Weeks High

• Caught Day 1 Shorts on Tuesday

• Entered day with fibs pulled across day & week range

• Price rose into 71 on daily fib and 61 on weekly fib before rejecting during FOMC

• Scalped shorts in this area aggressively taking profit

• stopped out on some pullbacks

• Maintained composure and continued to scalp back into the LOW

• Trades taken on Trade Copier & Funded Engineer 100k Phase 1

US30

• Peak Formation High formed Monday trapping volume above the high of April

• Caught Day 1 Shorts on Tuesday

• Entered day with fibs pulled across day & week range

• Price rose into 50 on daily fib and 50 on weekly fib before rejecting during FOMC

• Scalped shorts in this area aggressively taking profit

• stopped out on some pullbacks and gave back a lot of morning session gains

• Maintained composure and continued to scalp back into the LOW

• Trades taken on Trade Copier & Funded Engineer 100k Phase 1