While I slept market reversed, took me out and I got tagged in my orders below. -0.15%.
One of them at least, hopefully I’ll get tagged in my other order, which is a very precise entry, and a bigger position. We’ll see if this was the low of the week.
EDIT: My buddy showed me the Yen basket, looks like the yen is strengthening I should probably be selling this week.
I saw a post online today with a trader who has a different TP than mine.
I have issues with my TP, usually being too agressive with them, wanting to hit homerun all the time.
After seeing that online post, I re-evaluated the volume inside my targeted zone and decided to move my TP closer. MT4 doesn’t allow me to do partially close position so I need to have realistic TP.
Regarding the refinement of my entries. I’m integrating more and more the concept of “Don’t predict, react”.
Here is how I entered my latest trade, which is now standing at a whopping 37R. This is not a tutorial, I still need more practice and experience to make it work and see if it was only luck. I need to figure out if it’s just impressive or there is actually a way for me to make it work. Instagram screenshoot of 37R looks very impressives, but can someone makes a strategy around it? We’ll see.
Since starting Rich Trader, I’ve been fascinated by this pattern :
Classic reversal pattern, price goes down, comes back up higher than the high of the last impulse down. Thing is, since the market is fractal, this pattern happens on all timeframes. Daily, 4h, 1h, 15m, 5m and even on the 1m.
So, (and this is what happened for my entries on my last trade), if I’m :
In the case study of my last entry, price did a liquidity run on that 15m supply zone. Just below the 15m supply zone, I went on the 1m timeframe and identified a classic reversal structure that happened just after that liquidity run. I placed my limit order for a retest of that 1m structure and was able to get a first entry at 0.1% risk.
Then, as price kept moving a bit higher and created another 1m structure to the upside, I added another entry at 0.1% risk.
I have done things like that in the past, but Rich Trader is making me focus on how to maximize those entries and how to make sure I don’t lose tons of money trying to enter on all of those potential reversal that happens everywhere. I need to apply those types of entries on powerful key levels.
I got a bit of recon yesterday after running 7m Rich Trader, I was experiencing doubt, fear and uncertainty.
Really thinking too much about where to take my profits! What if price goes higher, what if price goes down before it hit TP? Alright, whatever happens, I just have to follow traces of the market and trade.
I love the fractal way of seeing the market.
I go on the 5m, see a structure shift (bullish vs bearish), then go on the 15m, wait and see if we see a follow up structure shift from that 5m shift, then the 1hr, then 4hr, etc.
Insane, all is clicking together. I need to stay focus not get too excited by this and start trading everywhere, but it changes my perspective, the 4h zones I was trading and looking for were just zones that sits between less relevant zones (1h, 15m, 5m, 1m, etc) and more relevant zone (daily, weekly, monthly).
I need to remember this : Don’t predict, react : There is not way to predict exactly where the market will reverse, but by analysing all the fractals we can see some shift and try to place our bets as best as we can.
** My big trade is still on, price pulled back a bit at 25% profit floating, still aiming for 35% before I try to short the market.
Trade is gone from 33% floating to 18% at the moment, I feel the attachment and emotions coming into play.
I feel stuck, I’m scared it will come back to 0%… Phew. Even with RT’s detachment I have things to work on hahaha
I need to let my strat play out and adjust myself.
I need to be highly mindful of my mental state.
For some reason along the run I became attached to that 30% profit.
Friday my subconscious told me to take a day off listening, I might have been in recon and lost some potency of RT’s effect. I’ll go back to 3 minutes listening time, going up to 7 launched me into recon.
I need to remember that profit is not mine yet, and it can always come back to 0 unless I close my position.
I need a break.
Seeing my trade going from 33% to now 10% is insane for my mental. it’s only tuesday morning and my mind is already in mush.
That’s another thing I need to be aware of, when I play with big games, I need to be mindful of how much it takes out of me. I have two trades that could comes back to zero very quickly, what will I do.
Now! For 2026, I need to keep working on my targeting system, I think for this one I could have made my target a little bit better, I could have shaved off that 20 pip that made me missed that 33% profit, but my targeting wasn’t wrong, just a bit more on the gambling side. 33% profit would have been good for almost 0 gambling type of entry.
I also need to be working on my entry system!