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Cready Trades

5/4/23 Amazing Week Continues

It has been an amazing trading week for me, undoubtedly one of my best so far! Not only did I have some fantastic trades, but I also passed phase 1 at Funded Engineer and am now waiting for my TFT 200k Retry credentials.


Throughout the week, I stuck to my trading plan with minimum deviation and made sure to use appropriate risk. This strategy has been key to my success, and I highly recommend it to anyone looking to improve their trading. By sticking to my plan, I was able to avoid emotional trading and make objective decisions based on my analysis.


One thing that stood out to me this week was how natural trading felt. I didn't second-guess my decisions or overthink my trades. I simply followed my plan and trusted my analysis. This is a sign of progress and a testament to the time and effort I've invested in improving my skills.

I also want to highlight the importance of risk management in trading. I made sure to use appropriate risk on each trade and didn't over-leverage my account. This allowed me to stay in the game even when some trades didn't go as planned.


In addition to my personal trading success, passing phase 1 at Funded Engineer was a huge accomplishment. I am grateful for the opportunity to showcase my skills and am looking forward to the next phase of the challenge.


As I continue on my trading journey, I plan to keep sticking to my plan with minimum deviation, using appropriate risk, and trusting my analysis. I hope my success this week can inspire other traders to stay disciplined and work hard towards their goals.



 

AUD/JPY

  • Wednesday gave a Day 2 Short Signal on AUD/JPY

  • Fibs pulled from High to Low across Day Range

  • Price continued the breakdown from NY close into Pre-Asia

  • Fibs extended to new low

  • 38.3 lined up with the Initial Balance Low

  • Waited for retracement to level in Asian Session

  • 2 positions carried overnight

  • Both saw decent profit during London Open

  • I woke up to check them and decided to let them run

  • Woke up prior to NY session and was tempted to close since they were back near breakeven

  • Price chopped sideways under entry level and i added 2 more positions targeting back to Asia session low

  • 2% total risk across all positions

  • I had it calculated that these entries would be enough to complete Phase 1

  • Timing was off closing 2 positions so I was short $130

  • Scalped Indices Shorts to finish

  • Funded Engineer 100k Complete

 

US30

  • Day 2 Short Signal on Wednesday confirmed after FOMC

  • Fibs pulled across previous day range high to low

  • Extended fibs lower to inclued new low after gap time

  • Watch for retrace to 38/50 area

  • Entered short on break of previous day low waiting until after Red Folder Data Release

  • TP1 0 Fib level & TP2 -27

  • Scalped a small portion short on FTMO copied to MFF

 

US100

  • Day 2 Short Signal on Wednesday confirmed after FOMC

  • Fibs pulled across previous day range high to low

  • Extended fibs lower to inclued new low after gap time

  • Watch for retrace to 38/50 area

  • Entered short on break of previous day low waiting until after Red Folder Data Release

  • TP1 0 Fib level & TP2 -27

  • Scalped a small portion short on FTMO copied to MFF

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