Recent content by StebaTrade

Wrap-up of the week ending 29.05.2026 Monday, 25th May. This was Memorial Day in the US and a bank holiday in the UK. I should have expected a thin and illiquid market. I took my trade anyway, which resulted in a loss. On such a day, I should have better kept away from the market. Instead, I...

Continuing on my digression, I want to add a few details on the strategy I used for the whole week. This has been tested only on the 6E futures contract. For the FX trade, I translate the entry price into its spot equivalent. The blue dotted line in the picture is the day's VWAP, starting when...

Time to resume this journal after a week-long break and a week trading again in the challenge. Before logging my week's trades, I need to make a brief digression to explain the changes that I've applied to my trading plan and why. As I mentioned in my last post, by the end of April, I opened a...

Wrap up of the week ending on 15.5.2026 The screenshot shows the entity of the loss incurred during the week. It does hurt, and it brings the balance to -1.8% since the beginning of the challenge. I had to reflect on the reasons that brought me to this point: My trading strategy works...

My last trade of last week was not a good one. Not just because it was a loss: mainly, because I took it while feeling the pressure to trade to cover my recent losses. And, of course, I made my loss worse. I took a long position in EUR/USD while it was in a bearish trend. I was aware that the...

The next trade, taken on the same day as the one in the previous post, was on EUR/JPY. Usually, this is a well-behaved cross pair that shows clear trend patterns. Lately, it has been the target of heavy interventions by the BOJ, so it must be traded carefully. As the picture shows, I entered...

Time to update this journal again. So far, this week hasn't been brilliant: it's much easier to journal about wins than losses. Anyway, that's where I am. The trade taken on the EUR/USD on Tuesday, 12th May 2026, was another loss. I took a long trade on a support level, and (with hindsight) last...

The second and final trade of the week was another loss, extending my losing streak. At this stage, I decided to quit trading for the rest of the week, taking some days to focus on my regular work. The drawdown amounts to approximately 3% of the account's high-water-mark equity, a level that is...

Again, another loss on AUD/USD. This was on Monday, 4th May. AUD/USD: Entry long @.7202 Target @.7248, 46 pips, RRR 1.64 Stop Loss @.7174, 28 pips Stop hit and filled @.71734 for a 28.6 pip loss This trade was never a winner. It started lingering in negative territory soon after entry, then...

Wrap up of the week ending on 1.5.2026 This week was a setback: it ended up in negative territory. There were four trades: one win, two full losses and one minor loss, almost at break even. The red figure at the bottom line is larger than last week's green figure, wiping out the results of a...

The last trade of my week was probably one of my least brilliant. Not because of the outcome - losses are inevitable and need to be accepted - but because of the less-than-stellar execution. On Thursday, 30th April: EUR/USD: 1.1698 Entry short @ Target @1.1672, 26 pips, RRR 1.3 Stop...

On Wednesday, 29th April, it didn't go any better. AUD/USD: Entry Long @.7147 Target @.7174, 27 pips, RRR 1.35 Initial S/L @.7127, 20 pips Stop hit, -20 pips This time, the market liquidated my position quickly and relentlessly. My support level simply didn't work, and the price cut through it...

Trade of Tuesday, 28th April: EUR/USD: Entry Long @1.1687 Target @1.1709, 22 pips, RRR 1.29 Initial S/L @1.1670, 17 pips Stop triggered @1.1681, -6 pips My entry level at support was hit by a tall bearish candle and filled. After that, things started to work well, with the price heading...

Trade of Monday, 27th April: EUR/USD: Entry Short @1.1745 Target @1.1720, 25 pips, RRR 1.25 Initial S/L @1.1765, 20 pips The position was opened in the morning, and the target was hit after almost 11 hours. During this trade, I felt much calmer compared to the previous week. The weekend was...

Wrap up of the week ending on 24.04.2026 This week, I took only 3 trades. I plan to take 3 to 5 trades per week, so I'm on the lower end. Most of the week was marked by spiky price movements ignited by news from the crisis in the Middle East, and by the need to let the dust settle each time to...