Price Action trader Andrew: The Challenge forces you to rely on your trading plan.

Our trader Andrew is from Canada and his style is reading the Price Action, where he tries to identify phases within trending markets.  Andrew is now in his Verification stage of our evaluation process and we have high hopes he’ll soon join our group of fully funded traders. 

The Challenge forces you to rely on your trading plan.’’

Tell us something about you. How did you start trading?

I started trading about three years ago. A lot of ups and downs trying to understand the market structure, price action and risk management but finally received clarity this year.

Can you briefly describe your trading strategy?

My strategy is all about reading price action. The market moves in two movements, the push phase and the retracement phase. I simply identify the major trend the pair is moving in, find out which of the two phases the market is in then enter on price action confirmation.

What did you do well?

This challenge tests your patience. The challenge really enforces you to ensure that all your trade criteria have been met. It forces you to rely on your trading plan than on intuition because of how small the margin of error is.

What do you need to improve?

Patience, patience, patience! Need to be patient, not force any trades and let the trades follow my plan.

Was the Challenge helpful?

Yes! It brought the right level of concentration that I need to stay disciplined in my trading plan.

Would you recommend Challenge to other traders?

Absolutely! Anyone looking to take their trading to the next level should participate in this Challenge!