FernandoBorea

FernandoBorea

Hey all! On today's monitoring session, I noticed some bearish signals so I moved the SL to further protect the profits. As always, find below some notes from the journal... Enjoy!:D I noticed some price action signals of bearish presence at a minor daily area of interest. Mainly, an H4 bar that had a long upper wick on a bearish bar with a lack of bullish...

FernandoBorea

Hey all! I got some updates about this trade. Since the market reached our first target a few days ago, I decided to move the SL for the second half to protect further the profits of the remaining half of the trade. Here are the notes from the journal! We had a TP1 hit on this trade. The market seems to have successfully broken the resistance area where the...

FernandoBorea

Hey all! Finally, we have some positive updates to the challenge journey! I decided to do a slight modification to the CADCHF trade, as always, find the journal notes below! In today's trading session, I noticed the market started to struggle to maintain bullish progress on the H4 chart around the TP1 area. Because of this, I modified the management strategy...

FernandoBorea

Hey all! Well, another hit to the challenge haha. This was one of the first few trades taken for the challenge, however, the CADCHF trade is effectively acting as sort of a hedge to this position, so it's a matter of monitoring how that trade evolves. Regarding this specific setup, originally I missed a few patterns that made this entry not so ideal, however, in...

FernandoBorea

Hey all! And we're back to this pair! After the stop-loss I had here, I consider there's an interesting opportunity here for a shift in structure. Personally, I think there can be a bearish extension reaching into the nearest support area. Anyway, here are the notes from da' journal! The market has been in an uptrend for almost a year. Recently, the uptrend...

FernandoBorea

Hey all! I skipped last week's self-review as nothing major happened on the trades and setups I'm following. Since I'm now limiting the open trades to 4, I spent pretty much the entire period just monitoring the running trades. This week was a bit choppy, but well, that's trading. I am following a few interesting opportunities so we'll probably have some trading...

FernandoBorea

Hey everyone! Well, definitely, not a great outcome. So far the challenge has been quite choppy, 2 stop losses due to bad trading decisions, and this makes the third regular stop loss. However, 5 losing trades don't make nor break a good trading plan! There are still about 5 more stop-loss bullets to go through on the current challenge and I'm prepared to take...

FernandoBorea

Hey everyone! The first season (a.k.a the first attempt to win the funded account) has been going rather choppy haha. Well, as they say, that's how trading goes! Anyway, let's dive into the trade review. Notes from da' journal In my opinion, I think this trade is the second true stop loss from the challenge, I consider this is still a valid setup and a trade...

FernandoBorea

Hey all! Since I'm trading from the daily and H4 charts, occasionally checking the H1, there hasn't been much activity this last week, that's why I just skipped the weekly review as no new setups showed up and the 3 running trades are, well, still running haha. I'm following a break and re-test formation here. The daily bearish trendline broke a few months ago...

FernandoBorea

Hey all! Well, not the best outcome for this trade again. However, I still consider this position as a good trade setup that just didn't work out :) I do believe I had a strong reasoning behind the logic of this trade, but well, not every good setup is a winning setup. Here are the notes from my journal: The trade stopped today. Personally, I’d still consider...

FernandoBorea

Hey everyone! Not the best news for the challenge series, I got the second casualty of falling into FOMO, I recognized this trade as a not-so-good setup after taking it. Since I decided to stick to my plan once a trade has been placed, I let it play out, to a not-so-good ending. Still, even though this is the second trade which I'd label as a trading plan breach...

FernandoBorea

Hey everyone! While doing my weekly self-review I figured since I'm already sharing the trades and thoughts I have while taking the $100k funded account challenge, I might as well share my weekly self-reviews, so, there you have the first one, enjoy!

FernandoBorea

Hey all! While doing the weekly self-review, I found some big insights about this trade, here are the notes from my journal, enjoy! Referenced idea Trade notes Noticed that the bearish trend line can also be interpreted as a bearish channel. This signals a very clear bearish structure, which hasn’t been broken. The current last low is slightly lower...

FernandoBorea

Hey everyone! Following up with the running GBPUSD long trade, I made some notes on my journal, here they are, enjoy! Trade Followup Notes Lack of follow-through signals a potential strong presence of supply around the newly formed support area, however, H4 shows strong signs of consolidation which backs-up the idea of a continuation as long as the support...

FernandoBorea

Hey everyone! And this is the last trade in the queue to publish, for now, all the new trade ideas I post will be as I take the trades :) Enjoy! Trade Description The market consistently held a bearish structure since March. Recently it interacted with the bearish trendline, showing strong rejection on the daily timeframe. Also, a death cross was spotted in...

FernandoBorea

Hey all! A bit of a background on this trade, since I decided to share this journey a few days into the challenge, this trade has already been closed, it was my first opportunity to do things better through the challenge as I made some mistakes I was able to identify when I reviewed the trade once it stopped out. Enjoy! Trade Description After the pandemic,...

FernandoBorea

Hey everyone! Fourth trade already! Enjoy:) Trade Description After having a very sharp bullish run, the market stalled abruptly and formed a strong pullback, failing to make new highs as the retracement took the price back down below a secondary daily resistance. The market printed a second high but failed again to break the resistance, indicating a strong...

FernandoBorea

Hey everyone! And here's the third trade, enjoy! Trade Description An overall long-term bullish structure has been formed since last year, technical indicators (MAs and Stoch) signal demand presence after the market broke a resistance area to then pull back to it. Lack of supply pressure is shown when the market interacted with the (in theory) new support...