FTMO Trader Vadym’s trading plan to pass the challenge

4JalwsDpo7BHEEJJBdG0sh44XIWjfOCpC9kJ6YdE

https://preview.redd.it/nhfw9ysgy6ta1.png?width=169&format=png&auto=webp&s=04ae0825e3f33aaf82ece5ddf2cdf9c7f278c923

Do you have a trading plan in place, and do you follow it strictly?

I have a trading plan that consists of concepts like: structure, imbalances, Wyckoff etc. 80-90% of the time I follow my plan. Obv you can be better. Not only did I modify my plan to make it more quantifiable (binary (yes/no) conditions for every action) throughout the Challenge, but also made a list of my 5-7 mistakes that I can make, which I read before every session to know what pitfalls to avoid.

https://preview.redd.it/pw4cfunny6ta1.png?width=906&format=png&auto=webp&s=a2be5b68140784d0f1f8b2a5c56fb3c0da403cee

Describe your best trade.

Best trade is the one that ticks almost every box. Because even if it fails, I’m still proud of myself because I did it strictly according to my strategy. Description: AUD/JPY Asian session/second half -> Thursday 19 Jan 23 -> D1 TF local bullish structure after a big fall on Dec 20 2022 -> retraces to test the very last down candle before up BOS on D1 -> price switched bullish (now going along with the structure on H1 -M15) -> BOS up on M15 during my session -> comes back to retest last unmitigated candle before BOS of a M15 structure, coupled with MITIGATING IMB -> when came back to my POI, re-accumulated as a Wyckoff type 2 schematic on M1 TF -> and after it made M1 BOS of a spring, I picked an entry area as the last down move before the up move on M1 -> price returned there, and flew up during the Asian/London overlap.

What would you like to say to other traders that are attempting the FTMO Challenge?

To save your nerve cells – create a plan, where steps are binary, repeatable and your analysis as objective (quantifiable) as possible, because you can’t repeat subjective decisions on a constant basis. And backtest it. Because this will be your only reason to believe that you won’t fail and be confident. Assuming you strictly follow your own plan.

Dont break the bank for trading courses. Download popular forex trading courses for less: mydiscountcourses.com

submitted by /u/Awkward_Magazine6894 to r/FTMO_success_stories
[link] [comments]

SOURCE