ENTRY
I Like to share in depth why I entered
GBPJPY
here, so I decided to share my entry from my physical journal. This may give you an idea of the series of questions I ask myself as I enter the trade.
Which session did you enter this trade?
Tokyo
What is your take profit?
187.425
What is your Stop Loss?
186.125
WHY are you entering this trade?
Give Me Three Confluences
4 Hour Breaker Orderblock formed in higher timeframe.
Two bullish engulfings near zone.
Price closed above Hourly Orderblock.
Where is your entry?
186.531
In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes! I allowed price to retest, and set my stop loss in profit!
WHAT DID I DO WELL?
1. Followed overall trend
2. Identified a 4H breaker order block.
WHAT CAN I DO BETTER?
GET OUT, of the trade when the price hits my risk-reward ratio!
WHAT DID I LEARN?
Allow price to close above Take Profit in 4H timeframe before moving Stop Loss up.
I am able to calculate & manage risk a bit more efficiently.
DID I PREPARE PROPERLY?
YES, I identify three confluences.
1. 4 Hour breaker Orderblock formed.
2. Two reversal candlesticks near Zone.
3. Price closed above Hourly Orderblock.
WHY DID I TAKE THIS TRADE?
To deliver on a breaker order block formation with the trend!
WHAT IS IT YOU WERE SEEING?
The overall trend is Bullish.
My Hourly FVG filled.
Price is starting to return to my 5 min Orderblock!
WHERE DID YOU EXIT?
187.450
GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES:
Price deserves to be delivered efficiently in higher timeframes!
By giving you an inside look at this series of questions I ask myself you start to see the psychology by way of management of emotions while in a trade , and following our rules, and by simply following directions.
What are your thoughts?
I Like to share in depth why I entered
GBPJPY
here, so I decided to share my entry from my physical journal. This may give you an idea of the series of questions I ask myself as I enter the trade. Which session did you enter this trade?
Tokyo
What is your take profit?
187.425
What is your Stop Loss?
186.125
WHY are you entering this trade?
- The overall trend is bullish, and a Fair Value Gap has been filled.
Give Me Three Confluences
4 Hour Breaker Orderblock formed in higher timeframe.
Two bullish engulfings near zone.
Price closed above Hourly Orderblock.
Where is your entry?
186.531
In conclusion, I'd like to share my trading journal entry...
DID I FOLLOW MY PLAN?
Yes! I allowed price to retest, and set my stop loss in profit!
WHAT DID I DO WELL?
1. Followed overall trend
2. Identified a 4H breaker order block.
WHAT CAN I DO BETTER?
GET OUT, of the trade when the price hits my risk-reward ratio!
WHAT DID I LEARN?
Allow price to close above Take Profit in 4H timeframe before moving Stop Loss up.
I am able to calculate & manage risk a bit more efficiently.
DID I PREPARE PROPERLY?
YES, I identify three confluences.
1. 4 Hour breaker Orderblock formed.
2. Two reversal candlesticks near Zone.
3. Price closed above Hourly Orderblock.
WHY DID I TAKE THIS TRADE?
To deliver on a breaker order block formation with the trend!
WHAT IS IT YOU WERE SEEING?
The overall trend is Bullish.
My Hourly FVG filled.
Price is starting to return to my 5 min Orderblock!
WHERE DID YOU EXIT?
187.450
GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES:
Price deserves to be delivered efficiently in higher timeframes!
By giving you an inside look at this series of questions I ask myself you start to see the psychology by way of management of emotions while in a trade , and following our rules, and by simply following directions.
What are your thoughts?