This particular pair
GBPJPY
, I committed one year to. I decided if I am going to have any success at trading, pick one pair, and stick to it! Although I've been on shuffle with my portfolio, I always revisit this pair. I like to say I'm married to it ;) After a long night out with the other pairs, I came on home this morning. From the looks of this trade, my wife slept through my arrival home, from a long night out! This has been a pair I have been studying for the past 180 days. It has been on a massive bull market for the past 60 days, creating new highs this par has not seen in eight years. This week overall has been very profitable. It is STILL continuing to generate new highs. Sticking to my trading plan is like putting my turning signal on when switching lanes. You have to signal other drivers (buyers/sellers) where you are going!
I like to connect with you, so share your feedback!
What are your thoughts?
In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes. I identified the trend properly.
I made entry at an area of liqurdity
Set my take profit 1:3
WHAT DID I DO WELL?
1. Let The Trend Be My Friend.
2. Traded the pair in my session.
3. Entered The Market On A Bullish Candlestick.
WHAT CAN I DO BETTER?
1. When the Price Peaks, Exit Manually
WHAT DID I LEARN?
1. Identifying The Trend Early Will Increase the Ratio Of Success.
2. #setandforget
3. How To Identify Liquidity 15 Minute Timeframe.
DID I PREPARE PROPERLY?
YES, I entered a trade with several confluences in my technical analysis.
This time I set my price, doubled down, and wait for a confirmation.
Looks like I need to stay home, and do some lawn work today. :)
GBPJPY
, I committed one year to. I decided if I am going to have any success at trading, pick one pair, and stick to it! Although I've been on shuffle with my portfolio, I always revisit this pair. I like to say I'm married to it ;) After a long night out with the other pairs, I came on home this morning. From the looks of this trade, my wife slept through my arrival home, from a long night out! This has been a pair I have been studying for the past 180 days. It has been on a massive bull market for the past 60 days, creating new highs this par has not seen in eight years. This week overall has been very profitable. It is STILL continuing to generate new highs. Sticking to my trading plan is like putting my turning signal on when switching lanes. You have to signal other drivers (buyers/sellers) where you are going! I like to connect with you, so share your feedback!
What are your thoughts?
In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes. I identified the trend properly.
I made entry at an area of liqurdity
Set my take profit 1:3
WHAT DID I DO WELL?
1. Let The Trend Be My Friend.
2. Traded the pair in my session.
3. Entered The Market On A Bullish Candlestick.
WHAT CAN I DO BETTER?
1. When the Price Peaks, Exit Manually
WHAT DID I LEARN?
1. Identifying The Trend Early Will Increase the Ratio Of Success.
2. #setandforget
3. How To Identify Liquidity 15 Minute Timeframe.
DID I PREPARE PROPERLY?
YES, I entered a trade with several confluences in my technical analysis.
This time I set my price, doubled down, and wait for a confirmation.
Looks like I need to stay home, and do some lawn work today. :)