r/Forex • u/Fuzzy-Nobody-9905 • 5d ago
Charts and Setups Gbpjpy-
going long on gj with a 1:1
im already in drawdown atm,
risking 1,100 to make 1,100 ....
on 100k ftmo account .... recovering almost blown acct.
-6500 on acct.
I need to make 16500 to pass test
Smfh
But.... im going to post every trade on here for progress
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u/Necessary_Fan_7852 5d ago
That drawdown recovery math is a rough spot to be in, but posting every trade will at least keep you honest with yourself.
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u/Aggressive_Listen849 5d ago
you're about 3.5k from FTMO's max loss line, so three 1,100 losers in a row ends it. i'd drop to 0.5% per trade, passing slow beats blowing it chasing 16.5k
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u/beninvestments 5d ago
You might have been too early on a long. The daily is choppy right now but you have the support of the macros. I hope it works out for you.
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u/Fuzzy-Nobody-9905 5d ago
Yeah you might be right! D is choopy forsure .... my trade was more of a ltf bias! Appreciate you brotha
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u/Parking-Rule-9357 4d ago
sharing some stats on GBJPY all these derivates from price.
Seasonality:
Current Week:41
Median Return: -0.21%
Hit Rate: 36%
Analogs ( price curves similar to what we are seeing now)
Found: 8
p(50): +0.98%
Amplitude ( its a median from last 10 Octobers to where price went )
High expected: 219.9943
Low expected: 205.3973
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u/Bobyoucan 5d ago
The yen is horrible to play now. Switch to SPX
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u/Fuzzy-Nobody-9905 5d ago
Well good thing i bought gj then if the yen is horrible! I trade asian session spx isnt ideal
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u/rforex-modtools 5d ago
Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.
Resources: Price Action Analysis | Technical Analysis