PA: The Prop Trader Challenge

[jungles]

NZDCAD
RR 2%

* concerned to take this one, resistance as shown.......will post again if bought

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[jungles]

NZDCAD
buy 8357
SL 8324
TP 8390
RR 2%

edit: not happy with this entry; wait for close above resistance on 240 would be smarter; exit BE and wait

NZDCAD

 

[jungles]

GBPAUD240

turn around? ......just out of interest

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[jungles]

AUDSGD
sell limit 2843
SL 2875
TP 2811
RR 2%

edit: order placed only if price gets to 2831 first
edit: order will be cancelled if not filled and price goes above 2875
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[jungles]

WEEK IN REVIEW

Just 2 trades caught my attention on 240M this week.

EURNZD -2%, no complaints here, the rules were followed.
NZDCAD wasn’t filled. I was too conservative with this set-up, foregoing +2%.

I also had my eye on 60M set-ups this week. I only found 1 that satisfied me. But that is more than enough when it succeeds, which it did. So I’ll be looking to add 60M set-ups to the journal next week.

The “potential” of the strategy is out-pacing the “actual” results at present. But each week I see how I can tighten or clarify the rules in order to profit..........I think the foundations are pretty solid, just need to make a few tweaks.

The weeks ahead will tell.


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[jungles]

GBPJPY
sell limit 2.65
SL 3.20
TP 2.10
RR 2%

* order placed only if price gets to 2.43 first

edit: order will be cancelled if not filled and price goes above 3.14
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