From 10k to 100k, Mar 10,22 GBP/JPY Sell

To help me (and maybe some of you), I have started my Demo account with 10,000. My goal is to get to 100k risking 5% per trade using my trading system. I will document this process from start to finish for educational purposes. You can always distinguish between these posts and my regular posts by the title - my demo account will always have 'From 10k to 100k' at the beginning. I hope you will enjoy this process as much as I will :-)

This is an 8 hour chart so there is lots of time for price action to swing up and down in every candle. The 3rd Wise Man showed a couple candles ago but I have to wait until the next candle prints so I can make a trading decision. I will look to ride this trade down and TP when price action reverses.

I will looking to pyramid once the AO shows a red candle :-) I will keep you updated.

Stay safe.

Heiko

Trade closed: stop reached:

Comment:

Price action continued up as indexes started out strong last night so my stop got hit. I will keep an eye out for where indexes will go this week and maybe get back in.

Heiko