Dannythefxtrader

Public Health Graduate 🎓 |
Beat Producer 🥁|
Noob Forex Trader 📉 |

[Dannythefxtrader @dtecxas]

My Risk Management plan;
1. Risk not more than 1-2%/trade
2. Place 2 trades at most/day
3. Use a 1:2RR Ratio
4. Never open/place a trade that you are not sure of, unless confirmed by either, candle stick patterns, Price Action etc
5. I'll keep adding more 🥲
#forex #forextraders

[Dannythefxtrader @dtecxas]

Mon ✅️
#forex #forextraders

[Dannythefxtrader @dtecxas]

Emotions that i experience on a demo account far way to different from those of real account, especially when I'm getting cooked, lol! 🤣
#forex #forextraders #profitabletraders

[Dannythefxtrader @dtecxas]

Infact I got cooked 😮‍💨

[Dannythefxtrader @dtecxas]

If it wasn't for that drastic consecutive loss that I learnt from 😮‍💨

[Dannythefxtrader @dtecxas]

And I hope not to be obliterated on this trade 😮‍💨

[Dannythefxtrader @dtecxas]

One of the SMC trap just caught something for me!
#forextrader #profitabletraders

[Dannythefxtrader @dtecxas]

Stop chasing! 😮‍💨
Let it come to you
I learnt that patience is key in this game💯
#forextraders

[Dannythefxtrader @dtecxas]

@GwambaOfficial & MWK3950 on Yellow Card💀💔

[Dannythefxtrader @dtecxas]

If there's anything that you know, and feel like it would help me in trading, feel free to share 😉 I'm Noob FX trader who is open to learning.
"Knowledge is power, information is liberating, and education is the premise to progress in every society and family" - Kofi Annan💯

[Dannythefxtrader @dtecxas]

"Why I chilled from posting daily trades update??"👀 its because I realised that out of the trades that took from Day 1 up to 7, most of them were losses 📉 So, i found more tools to refine my trading strategies 🤔 😮‍💨 "check thread"
#forex #forextraders

[Dannythefxtrader @dtecxas]

Then I had to apply what I learnt on a demo account 🥲. Guess what!...? Yes, (2) Winning trades 👏🏼💯. I'm still learning & Hope to be a consistent profitable FX trader someday 🙏🏼
#forextrading
#forex

[Dannythefxtrader @dtecxas]

Lastly, YouTube.
I watch live trades to get inspired and also learn from experts, especially how do they place their trades.
1. Check out @TheTradingGeek_
2. Smartrisk (For SMC Trading strategy & other trading concepts)

[Dannythefxtrader @dtecxas]

JForex let's you backtest your trading strategies for Free, So as I did. Attached is a EUR/USD Chart with 2020 data. I used SMC strategy for entry.
#forex #forextrading

[Dannythefxtrader @dtecxas]

I'm currently reading 2 books;
1. Trading in the zone by Mark Douglas (2002)
2. Advanced Technical Analysis by Jon Fibonnacci
These books shade light on; wat trdrs need to knw, trding psychology, market manipulation, institutional cndls etc.

[Dannythefxtrader @dtecxas]

I haven't spent time on my previous trades to identify root cause of my losing trades. But I did use some tools to help me understand the causes of losing trades;
1. Books
2. JForex (backtesting strategies)
3. YouTube (For tutorials live trades & trdng strategies)
#forextraders

[Dannythefxtrader @dtecxas]

Day 7 update!
Date: 14/01/2025
Trade: Sell GBP/USD
Entry: 1.21835
Tp: 1.21012
SL: 1.22173
Reason: Fib 0.382 level
Result: LOSS (-$.3.38)
#FXTrading #Traderjournal #profitabletrader

[Dannythefxtrader @dtecxas]

Day 6 update!
Date: 10/01/2025
Trade: Sell USD/JPY
Entry: 157.915
Tp: 157.572
SL: 158.063
Reason: -
Result: LOSS (-$2.81)
#FXTrading #Traderjournal #profitabletrader

[Dannythefxtrader @dtecxas]

Day 5 update!
Date: 07/01/2025
Trade: Buy GBPUSD
Entry: 1.25456
Tp: 1.25686
SL: 1.25332
Reason: Mitigated the OB + FVG
Result: WIN (+$7.86)
#FXTrading #Traderjournal #profitabletrader

[Dannythefxtrader @dtecxas]

Day 5 update!
Date: 07/01/2025
Trade: Buy GBPUSD
Entry: 1.25456
Tp: 1.25740
SL: 1.25324
Reason: Fibonnacci retracement level
Result: LOSS (-$3.96)
#FXTrading #Traderjournal #profitabletrader

[Dannythefxtrader @dtecxas]

Day 5 update!
Date: 07/01/2025
Trade: Buy GBPUSD
Entry: 1.25456
Tp: 1.25740
SL: 1.25324
Reason: Fibonnacci retracement level
Result: LOSS (-$3.96)
#FXTrading #Traderjournal #profitabletrader