8 Oct 2021

7 Oct 2021: GBPJPY

 GBPJPY short trade

Pre-Analysis:-


Entry:-


- Entry on uptrust (ut) bar set up.
- After second uptrust bar, price close lower but volume seem only equal to volume of uptrust bar.
- Risk 1%

Post Analysis:-


- Another loss trade.
- Volume after the uptrust bar should higher.
- This might also I read this chart all wrong, price seem to up trending rather than down.
- I have decided to trade with min lot size for the remaining trading day to qualify for repeat account.
- Seem I have difficulties to reach 10% profit within 30 days. I can feel the pressure.
- Keep research and observe the market to make a better trade.
- Still not going to give up, sure I will able to get funded account.


- Below is trade example for USDCAD short.
- Time of entry 6:15pm
- Max potential profit 1.96R