Morning
Hope you have a great Sunday
I am in the good mood to learn a new technic for my trading activity on the commodity market.
It is difficult to achieve a win rate that is high enough to valid my challenge on the proper firm.
[Source](Screenshot of Metatrade XAU/USD)
My entry was strong during the past week, but I made a terrible mistake to not keep my settings unchanged until the moment the market chose to close my positions.
The fear of lost in the market can make you take dangerous decisions, these sudden changes in the manner the traders take its position will work in one or two occasion, but it will cause more damage on its psychology for the long run.
How can you make sure that you stay focus on the prize?
It is a long journey where one should stay humble as student of the market.
One market and the strategy should be tested as much as possible, so many situations that will cause trouble are resolved in advance during a demo section.
If your reader have some information about the SMC trade strategy on XAU USD, it will help me gather valuable resource to tweak my trade plan as much as possible.
I am only focusing on the five minutes timeframe. The utilization of CHOCH and BOS has been the first step of my training section. I knew the meaning of these tools, but I have never faced special cases on the real market situation.
It is still obscure how to place my TP and Set up my SL. I am in the learning process. It is taking around of 10 hours straight per day. I am also working on my capacity to stay as long as the market offers opportunity.
Have you succeeded to validate your 2 stages challenge in the Prop Firm matrix?
The comment section is open for all important information that you would love to share with me during this amazing journey.
I have spent much time on the device pairs, and I would love to focus only on the Gold case against USD.
Happy to write to the community
Enjoy your weekend
Regards