Tradeway $100 Discussion

Hey guys, I’ve finally grown this account from $100 to $500. It’s time to increase my trading risk to accelerate the account's growth.😼

This Thursday, the USD/JPY market dropped following the PCE news. Based on my analysis, I expect the market to react with another decline tomorrow at 6:30, in line with the CPI YoY release.

I decided not to trade USD/JPY because the news was delayed.

Today, I've successfully grown my trading account from IDR 1,7 Million to the equivalent of IDR 10 million ($100 to $500+). From this point forward, I'm focusing on a scalping strategy to further improve my trading performance and maximize consistency.

Below is my scalping setup, including the profit target illustrated in the following chart.

If you found this scalping setup valuable and would like to support my work, I'd greatly appreciate it if you chose to trade with the broker I personally use.

By opening your trading account through my referral link below, you'll be supporting my work at no additional cost to you. Your support motivates me to continue sharing high-quality trading setups, market analysis, and educational content with the community.

Thank you for your trust and support. Wishing you consistent profits and successful trading!

Open your account here:https://register.hfmtrade-ind.com/sv/id/new-live-account/?refid=399708

Yesterday I tried layering to hold my position, but the running loss almost took 50% of my capital. I won't repeat it.

I analyze that the market will take the highest price on Thursday, but after it drops past the London session, the price above will definitely be pursued on Friday while waiting for the NFP.

Finally, I was able to cover yesterday's losses. Trading news is very risky. I was actually a little hesitant to trade NFP, but I made sure I would.

This week, I managed to set up a EURUSD target at the bottom, but I'm still unsure about how much to enter with a small risk. Let's wait for the setup/pattern to develop first.

You Might Be Wondering:

“Why not just enter a Sell position immediately if you already know the target is down there?”First:

- Risk Should Always Be Smaller Than the Potential RewardIf we enter a trade but the floating loss is already larger than our potential profit, the trade becomes highly risky. One loss can make it much harder to recover the account back to breakeven.- We Don't Know Whether the Market Will Actually Reach the TargetEven if we already have a target in mind, the market is unpredictable. That’s why we need to be patient and wait for confirmation before entering. This helps protect our capital and allows us to stay in control even when the trade temporarily moves against us.In trading, knowing the target is not enough. Timing, confirmation, and risk management are what keep us in the game.

Today, I’m looking to trade toward these targets on EUR/USD. However, I need to wait and see whether the targets are reached today or tomorrow following the CPI release.

I entered a sell trade because the market was rejected around the first target at 1.15440. I’m hoping the market continues lower toward the next target ahead of tomorrow’s CPI release.

Today’s trade ended in a loss, as the target area was taken during the New York session. Once the target was reached, the CPI catalyst became much less significant, leaving limited room for the setup to play out as expected.

Here's the EURUSD Sweep Area, where analysis suggests an upward spike in the CPI will occur. Technically, EURUSD has trended downward for the past two days. Therefore, a sell setup would be more appropriate.

Great performance and nice analysis. Thanks for sharing!"

After a few hours, it turned out that the area had been swept before the CPI news occurred.

After analyzing the Asian session sweep, EUR/USD formed a well-established trendline on the 1-hour timeframe. As usual, the market may attempt to break through this trendline, especially after the formation of a long-legged doji, which gave me greater confidence to enter a short position on the pair.

I was also slightly concerned that the broker I’m using might widen the spread enough to trigger my stop loss.

I'am Sorry I Trade With Emotion 😢

After taking three consecutive losses, I decided to take a one-day break to reset my mindset and regain my psychological composure.

Today, I’m looking for a potential long setup on either GBP/USD or EUR/USD. From a fundamental perspective, I believe GBP/USD has the potential to reach the 1.3500 level.

Given the strong positive correlation between GBP/USD and EUR/USD, there is a possibility that EUR/USD could follow the pound’s upside movement as well.

Here is my analysis: