Hey everyone!
The first season (a.k.a the first attempt to win the funded account) has been going rather choppy haha. Well, as they say, that's how trading goes! Anyway, let's dive into the trade review.
Notes from da' journal
In my opinion, I think this trade is the second true stop loss from the challenge, I consider this is still a valid setup and a trade I would take again. Even though demand struggled to break the overall descending channel, in the end, we had that breakup, hitting our stop loss.
All things considered, the stop loss was at the right point as I do think this chart can perfectly switch to a potential buy trade under a break and retest scenario. Regarding the specifics, well, I'd like to see a clear test of the breakout to plan a possible buy trade.
Elaborating further on the first comment, I consider this to be the second true stop loss, as the AUDCAD and EURAUD trades were both too early entries, violating my trading plan.
The first season (a.k.a the first attempt to win the funded account) has been going rather choppy haha. Well, as they say, that's how trading goes! Anyway, let's dive into the trade review.
Notes from da' journal
In my opinion, I think this trade is the second true stop loss from the challenge, I consider this is still a valid setup and a trade I would take again. Even though demand struggled to break the overall descending channel, in the end, we had that breakup, hitting our stop loss.
All things considered, the stop loss was at the right point as I do think this chart can perfectly switch to a potential buy trade under a break and retest scenario. Regarding the specifics, well, I'd like to see a clear test of the breakout to plan a possible buy trade.
Elaborating further on the first comment, I consider this to be the second true stop loss, as the AUDCAD and EURAUD trades were both too early entries, violating my trading plan.
