1h trading session / 4.30pm - 5.30pm gotta learn some stuff: -dont move SL / TP -dont trade if it doesnt look good -no consolidating trades -watch the volume and momentum! -be flexible with trading times (4.30pm - 8pm) -dont cut the risk PnL: +0.5 RR (I cut the risk) possible: +3 RR
Ive been working on a new system that is really similar to this one - with less technical analysis. Its on NQ between 5pm - 8pm so I might be trading less forex for now; but well see PnL: +0.6 pips (+1RR)
11.30am - 12.06am -losing day but thats part of the game; I wont be sad becasue of it or anything PnL: -1.9 pips (-1RR)
6.45pm - 7.40pm overall everything went smooth EXEPT I PUT MY SL ON BREAKEVEN WHEN PRICE HIT MY 1RR I shouldve waited for a break of the 1RR and then maybe moved the stop --->either to breakeven --->or to 1RR to at least gain some profits anyways its really the first time experimenting with TPs couldve been a +2.1 pip day (+3RR) but well, learning is a part of the game
~4.45pm - ~5.05pm this trading session overlapped with the previous one maybe take more trades than one (generally speaking) and just cut the risk? Other SL/ TP rules -1 trade: Normally good, under these conditions however: bad trade Total PnL: -3.6 pips (-1RR)
4.45pm - 5.05pm was a good session today - it was a pretty short one though Im posting this a little too late but idc 1 trade: veri gud trade, winning todays PnL: +4.4 pips (+1RR)
2.05pm - 3.00pm good trading session today - I also tried out something rather new no news so volatility shludnt be a problem todey -single trade: went well, went in after a rather strong pullback ---> catched the last stretch to the upside good green day: +1.5 pips (+1RR)
~6.50pm - 7.14pm good trading session today (actually a green day) I noticed I NEED to be more aggressive with my trades BUT still keep my rules Also: 1 trade per session, nothing more Trade: good trade (I thought it was a bad trade when it went near my SL but ig thats normal) PnL: +0.8 pips (+1RR)
10.10pm - 10.57pm -learned smth new today as usual: Watch the POI plz -first trade (cant see that one): dumb and a failing one -possible trade: OK ig - if feeling aggressive -second trade: gud trade, aggressive one tho (0.9 pip SL) PnL: +0 pips (couldve been a +1RR day) Still learing - Im giving myself time (3 1/2 years until I AT LEAST want to get funded)
tried something new today... maybe I hould be more flexible with the SL and most importantly with the TP I also should add a bit more discretion into this approach but well well I dont expect overnight success
8.42pm - 9.10pm learned many lessons today -maybe I should just take 2 trades a day, I have a minor gambling addiction -NO HESITATION PLSSSSSS -stop. trading. after. your. gut. tells. you. to. or. after. you. took. enough. trades PnL: +0 pips - couldve been a +2RR day tho Ill take the weekend to reflect cause I NEED to lock in so bad - distractions while...
8.50pm - 8.58pm (short day ikik) this session was way better than the last one - but still 2 "mistakes" -hesitation: self explanatory -missed a trade: just look at the chart goddammit -first and only trade: really gud trade!! perfect entry and everything (still hesitated tho) PnL: +2 pips (+1RR) Im back on trading - had a couple of missed session because...
idk what the time was lol - BUT IDC OMG IT WAS HORRIBLE - so many mistakes -trading after such a move: stupidity -the POI: really dumb Im not gonna go into detail about the trades: both were bad (one was winning but still bad) overall PnL: +0 pips (a red day wouldve been better)
11.02am - 11.17am Today was my first (real) red day - I stop trading after two losses in a row (max daily loss) -first trade: bad - not because its a losing one, just a bad trade -second trade: good, was a losing one tho -Im not sure whether the POI was OK or bad red day: -3.6 pips (-2RR)
8.16pm - 8.37pm today was a bit weird but idrc - took only one trade cause I dont really like how this all looks at EURUSD (omg its discretion) -one trade: I guess it was OK, moved my TP however (DUMB*SS) green day: +0.8pip (+.8RR) Im still creating this strategy - it is a 50% mechanical and 50% discretionary approach, thats why Im giving myself time believe it...
4.34pm - 4.54pm learned many lessons today: -DO NOT MOVE THE STOP LOSS TO BREAKEVEN -really be careful about the POI ---> I would've avoided the loss losing day -2.3 pips (-1RR) - could've been a +1.5 pip (+1RR) day
catching price exhaustion on USDCAD today 2.25pm - 3.03pm -first trade was very good, didnt really look at a possible neckline break (or smth like that) becasue I could not really see one that looked good -second trade was great, I did move my SL to breakeven not sure whether that actually made sense or whether I was just scared to lose muney good green day: +3 pips (2RR)
10.47am - 11.25am gud trading session today -All trades were good, the second one (although with an OK - bad entry) the best with a +2.2 pip win (2RR) -I could have traded between the second and third trade but the POI was annoying, but I believe it was necessary +2.2 pips (+2RR) today