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!
Damn, the last few days the market were stubborn, having trouble catching the low of the wave.
C&C definitly makes me a bit maybe too focused on trading? Maybe it’s the circumstances too. I’ve ran 30 sec and yesterday night I really wanted to trade and was thinking about it like crazy.
Maybe taking a step back will help me be more rested also.
Sometime I get lost and start trading the 15m without considering the overall macro context.
I noticed how it happened : I start with a valid 4h move, then enter at fib below 50% of that move or it’s reaction (really depends on my time on chart).
Then price go up a bit, but not enough to create a new leg and comes back down. Now I’m trading that new move that started, but overall price is ranging! It’s always the same pattern.
Here is my strategy for now:
All of this should be applied into the broader context of the market.
Reversal pattern or Reversal signal :
This strategy has a high loss rate, to make it all profitable, I need to make sure my target are far away enough that price will travel lots of pip to give me big RR.
Examples of mistakes :
All of these mistakes I need to stay away from them because if not applied correctly, I can’t be profitable.
I still struggle to take my profit. Had a trade go up to 14% this week before crashing down.
Was aiming for 18%.
Lost 5% trying to build that position.
Now it came crashing down, floating at 6.5% profit.
I’m thinking I’m thinking.
I need to focus.
Market crashed, since I failed to apply my strategy and take profits at the right moment with my TP, I’m taking a bit of time off to replenish my mental energy.
That’s a direct RT result, taking more care of myself allowing myself some time off.
Finishing up my strategy is giving me headaches, honestly, I love my entry system, but my TP system is rough to design, especially since I’m trying to optimise it!
I need to figure out the balance of taking my profits and not regretting it. How to do that?
Meanwhile, I’m getting some slower weeks which are always gonna be part of the game and they make me eager for some volatility!
Edit : I also notice I ate lots of chocolate for Easter which might cause higher inflammation and fuck up my mindset.
One trade can give me so much return.
I’ve lost some earlier this week, some last week and the week before where I didn’t close my trade due to poor judgment.
I still need to be in top shape mentally to be able to trade. I need to take care of myself. I feel the pressure on my shoulders to succeed and grow.
When does one succeed? One good trade? One positive month? One positive year? Beating the S&P 500?
Success? I’ve already succedeed. I just need to maintain discipline and keep grinding.
My health is probably the top or almost top priority, just yesterday and today I feel wierd, recon feeling due to my bad diet, sleep is affected and of course, trading is affected.
It’s crazy how I have to keep my strategy close to me to make sure I succeed!
Everytime stress takes in, I forget my strategy!
I added a post-it right on my laptop so I can see it everytime I trade.
Up 43% since RT came out.
We’ll see if it was just luck or my strat can work long term.
Edit:
Could have been even higher if I had taken this money before it came back down to BE hahaha
Market keeps going up. I think we might be in a new market condition now, which would mean I need to trade a different strat, or at least, the part of my plan I’m less comfortable with.
-2.5% today, it’s stressful. 7 entries in a row that didn’t hit like I wanted to.
Better stop here and take a breather, I’ll get more opportunities later.
Wherever timeframe I am looking at in the market, I need to check the latest fib range.
Else, I’m entering on any zones and just losing money.