Hey all! We have some more updates regarding the challenge! Our precaution on this trade triggered the stop-loss in profits, leaving a small gain, but a gain nonetheless. I consider this a good trade managed with proper risk mitigation techniques since the risk of having a full stop loss ahead of the news event we had coming our way didn't justify the potential...
Hey all! And we have a new update to the challenge! We have NFP Friday tomorrow, and since this trade has been relatively slow to react, I took the decision to move the stop-loss to essentially break even. I consider risking waking up to a stop-loss isn't worth it, so the trade-off of leaving a tight breathing room for the trade is worth it. Personally, I think...
Hey all! This one is a late update to the trade, I've had some crazy busy days lately... and we're back! We have another take profit for the challenge! There's also strong selling pressure hitting the daily support area. Given that we traded the breakdown of an ascending channel, I consider we can see a continuation to the downside. If the market proves that the...
Hey all! We have some news regarding the challenge! Unfortunately, the Gold short trade didn't work out as expected. However, I'd consider this a normal stop loss within the set-ups I'm looking to take. We do have the short trade running on USDCHF, which has some negative correlation to Gold, so some of the losses are offset through it.
Hey everyone! New trade for the challenge! In this particular case, I didn't manage to do Monday's trading session so I jumped on the charts today (Tuesday) in the morning to find out one of the potential positions I've been monitoring was ready to be taken. As we can see, the USDCHF pair was in a clear downtrend structure for several months, after which we had...
Hey all! After some weeks of not that many set-ups to trade, we have a new position opened! Personally, this trade has taught me some lessons about questioning your charts and understanding that trading in general can be thought of as a mix between alchemy and science, at least in my opinion. Anyways, as always, find the notes below from the trading journal,...
Hey all! New trade for the challenge! As usual, when getting into new positions the notes from the journal are a great way to share my thoughts about the trade decision, so, here they are, enjoy! On a macro level, since the pandemic, Gold has struggled to make any significant long-term progress over the 2,000 mark, since then, it has been visited a total of 3...
Hey all! We are officially out of all trades! In this case, the GBPUSD one stopped out on the news release about the interest rates decision from the UK. I personally consider this another example of a good trade in which I stuck to the plan through the entire holding time (a few months), so I'll update the status on the journal to a closed trade! 'til the next trade!:D
Hey all! Some more action today for the challenge! As we have one of what I like to call the big three news coming up (interest rates), I decided to tighten the SL a bit more to be more defensive about it. As usual, here are the notes from the journal! Even though the market seems to be retracing and conceding ground to the sellers, the overall structure...
Hey all! So, we officially have this trade completely closed out. The market started to struggle to maintain a strong bearish momentum and ended up being unable to break the last low. After a while, it seems the buyers won the upper hand for the time being and the trade stopped out. Overall I consider this trade a great one as I held to the trading plan and kept...
Hey all! Got some news for y'all about the challenge! I decided to update the SL on the second half of this trade as the market seems to be getting ready for a correction. As always, here are the notes from the journal, enjoy! As the market reached the first profit target, I noticed a slowdown on the last bearish push. Given the strong bearish impulse the market...
Hey everyone! Great news for the challenge series! We have a TP1 for the NZDCHF position. I think this is the cleanest entry we have made so far! As always, find below some notes from the trading journal, enjoy:D We achieved the first profit target with ease, the market has shown extreme bearish signs with little signals of exhaustion. I'm sticking to the...
Hey all! Well, some updates have arrived regarding the challenge, my apologies for the delay about this one. I have mixed feelings about this trade and I do consider there are some great insights to be gathered here, sooo, to the notes from the journal! This trade ended up stopping out a few days ago. Overall, I think this is a good example of a trade that...
Hey all! And, we have a new trade! As always, find below the notes from the trading journal... Enjoy! The Daily timeframe shows a visit to a descending trendline that has been valid since the beginning of 2023. Even though the market showed a strong bullish presence when initially testing the trade level, the progress halted almost immediately and signs of...
Hey all! After the initial group of trades out of the full trading plan, trade frequency has decreased significantly through the challenge, and we finally have a new one I consider worthy of a bullet hahaha. As always, here are the notes from the trading journal, enjoy! Overall the market has maintained a constant bearish structure, drifting in favor of the...
Hey everyone! I got some management updates for this trade! As always, here are the notes from the journal, enjoy:D In today's monitoring session, I noticed the market started to retrace a bit after making a bearish breakout of a descending channel. I consider it the start of a normal market retracement, for this reason, I'll stick to the original trade plan...
Hey all! Great news for the challenge! I decided to close completely this trade as we approach a daily resistance area. This officially locks down our first winning trade of the journey! :D As always, find below the notes from my trading journal, enjoy! During today’s monitoring session, I noticed the market approached the daily resistance area at around...
Hey all! As the main mistakes I've noticed so far have been FOMO-related, I focused on taking only high-quality set-ups. This has resulted in little trading activity so I changed the frequency of the self-reviews to every time I feel like there are significant notes to take. Soo... Find on the chart the latest notes from my trading journal!:D