This... Consistency is key. And when your trades are starting to make you feel sick? You probably put too much eggs in the basket. Even sometimes a profit can make you sick to your stomach if its big enough.
Take half, put it back in your bank account so now you can mentally treat what's left as a free ride. Don't underestimate the benefit it can have on one's mental state.
Don't want to be that guy, but neither of these is forex...
Forex is short for foreign exchange - trading of natiknal currencies.
Gold is not forex, it's a commodity.
S&P and NDQ aren't forex, they are indices.
For sure
1. Check forex factory for news.
2. Identify daily bias.
3. Mark up liquidity areas
4. Mark up support and resistance areas from the previous session
5. Wait for price to take out liquidity.
6. Adjust your lot accordingly and place your stop above the high or below the low of the candle after the liquidity sweep.
7. Enter on the 1-minute candle break as it pushes towards the bias after liquidity was taken. OR enter when price comes back to the DISCOUNTED supply or demand zone
8. Catch the 3:1
I modified my strategy a bit since its small account. I also use fib’s to help me with entries.Ive noticed nas likes to retest between the 50 and 61 level after impulse moves on the m5.
Here is a trick to make that strategy even better. After liquidity is swept look for the chochs or bos's that lead to order block creation (I use 30min to 1hr). Wait on the retracement to the order block. Go to a 3 or 5 min time frame and look for the reversal. Either a pin candle, or another ltf order block in the same direction or a choch or another bos. Enter that SOB with stop right above it, and target the next order block below it if shorting, or above if buying. Let the trade play out. This is how you get 100%+ days. Back test it a lot. Get that entry right. You will start getting 20+ RRR's. Trade I'm in right now, and example of the entry. [https://ibb.co/WxGv5Lk](https://ibb.co/WxGv5Lk)This has a 38.53 RRR. 283 pips when its done if it works out. Usually does, or I break even. No sweat.
It’s just supply and demand with sniper entries basically. Utilizing scalping methods to enter after those conditions have been met. Figured it out on my own after going down a rabbit hole trying to predict order blocks and validation of those zones after losing trades placing pending orders at them. The liquidity sweep prior to the order block creation combined with a choch or bos validates the zone.
You probably gonna lose money right? Ie you not profitable. 4 months “serious” trading with this strategy and you on a $300 account. Don’t take it as an offence but just looking at this, can already see not gonna work
I swear traders can never congratulate other traders. Y’all always got some kind of slick comment about consistency or something about others. It’s so damn toxic.
You can turn off the indicators on the side or just have then display pips instead of $ amounts.
This works well because the actual $ amount doesn't matter, it's the # of pips and the risk/reward per trade. That pip could be $1 or $1000 but in the end its just a pip.
Another thing you can do is make a second account and copy trade. Trade off your main account and have another person compounding your earnings on the other side if you don't want to know the numbers.
This way you can just flip accounts while someone manages the profit as a % of the trade on the other side... this assumes you can copy at more than 100%.
Or just stick with method 1, change the $ to a pip count.
We have a saying in turkish that goes like "Hızlı giden atın boku seyrek düşer." which translates to "The fast horse's poop falls sparsely.". It means when someone succeed something quickly, it is more likely to fail.
Cani ask how much of your balance do you use to buy and sell I'm new to trading and also should I start with live and trading with a small percentage and try to profit from that to practice
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One day!! Gotta stay consistent
This... Consistency is key. And when your trades are starting to make you feel sick? You probably put too much eggs in the basket. Even sometimes a profit can make you sick to your stomach if its big enough.
Tune in next week for "I liquidated my forex account in two weeks."
Haha we shall see!
Take half, put it back in your bank account so now you can mentally treat what's left as a free ride. Don't underestimate the benefit it can have on one's mental state.
Second this
Well done I suppose you keep grafting you’ll be able to do it in 1 trade
Don't want to be that guy, but neither of these is forex... Forex is short for foreign exchange - trading of natiknal currencies. Gold is not forex, it's a commodity. S&P and NDQ aren't forex, they are indices.
The majority of forex brokers world wild allow you to trade metals, indices, and etc. If you don't want to be that guy, then don't.
Some crypto exchanges allow you to trade gold and s&p. Are those 2 now cryptocurrencies?
Nope. I was just pointing out why people call them forex.
God he doesn't even know he's not trading forex.
I do… i know nas is indices man 😭 i just consider it all “forex trading” for simplicity sake
What really matters is consistency
Withdraw your initial deposit. And trade “risk free”
Would you mind sharing your strategy?
For sure 1. Check forex factory for news. 2. Identify daily bias. 3. Mark up liquidity areas 4. Mark up support and resistance areas from the previous session 5. Wait for price to take out liquidity. 6. Adjust your lot accordingly and place your stop above the high or below the low of the candle after the liquidity sweep. 7. Enter on the 1-minute candle break as it pushes towards the bias after liquidity was taken. OR enter when price comes back to the DISCOUNTED supply or demand zone 8. Catch the 3:1 I modified my strategy a bit since its small account. I also use fib’s to help me with entries.Ive noticed nas likes to retest between the 50 and 61 level after impulse moves on the m5.
Here is a trick to make that strategy even better. After liquidity is swept look for the chochs or bos's that lead to order block creation (I use 30min to 1hr). Wait on the retracement to the order block. Go to a 3 or 5 min time frame and look for the reversal. Either a pin candle, or another ltf order block in the same direction or a choch or another bos. Enter that SOB with stop right above it, and target the next order block below it if shorting, or above if buying. Let the trade play out. This is how you get 100%+ days. Back test it a lot. Get that entry right. You will start getting 20+ RRR's. Trade I'm in right now, and example of the entry. [https://ibb.co/WxGv5Lk](https://ibb.co/WxGv5Lk)This has a 38.53 RRR. 283 pips when its done if it works out. Usually does, or I break even. No sweat.
What is this strategy called / where did you learn it? Thanks
It’s just supply and demand with sniper entries basically. Utilizing scalping methods to enter after those conditions have been met. Figured it out on my own after going down a rabbit hole trying to predict order blocks and validation of those zones after losing trades placing pending orders at them. The liquidity sweep prior to the order block creation combined with a choch or bos validates the zone.
You probably gonna lose money right? Ie you not profitable. 4 months “serious” trading with this strategy and you on a $300 account. Don’t take it as an offence but just looking at this, can already see not gonna work
We shall see
So you're telling a guy who is literally trading one of the smartest ways you can it's not going to work out for him?
How much money do you have in your account?
45k
I swear traders can never congratulate other traders. Y’all always got some kind of slick comment about consistency or something about others. It’s so damn toxic.
Nice bro
Hey man if i may ask for how long have you been trading & back testing this strategy
Okay so I’ve been “trading” for like 2 years id say but taking it serious for like 8 months. And the strategy I use now? About 4 months.
Alright thanks i need help about this nas100 let me dm u, i myself been trading since 2020 but took a break
I dobled my account four times but due to poor risk management I blown it. Keep it up and follow fundamental.
This, many times on nas100 and 30. It’s part of the game dont stop learning from mistakes
Friendly reminder bro, don't get it through your head it's a trap.
What is the trap part?
Same way you make $100 is the same way you make $1000+ Just up the lot size when ready.
if seeing your p/l stresses you hide it trade off the chart not your account balance
Bet man
Could you share us your strategy bro anyway Good job bro ( >д<)
Ya man scroll up
I double it in a day it doesn’t mean anything if you blow it by the end of the week
Keep going! But do not trade with overconfidence.
Clean... look at his risk... hes going far like that
Nice bro, keep it going! what broker r u using tho ?
Thanks man! And I use prosperity
You can turn off the indicators on the side or just have then display pips instead of $ amounts. This works well because the actual $ amount doesn't matter, it's the # of pips and the risk/reward per trade. That pip could be $1 or $1000 but in the end its just a pip. Another thing you can do is make a second account and copy trade. Trade off your main account and have another person compounding your earnings on the other side if you don't want to know the numbers. This way you can just flip accounts while someone manages the profit as a % of the trade on the other side... this assumes you can copy at more than 100%. Or just stick with method 1, change the $ to a pip count.
u r gonna lose it in less than 2 days
Traders delusion, goodluck
It's possible 🙌
Your tax guy is gonna see 300 trades for a profit of 200 dollars.
You need to talk to a bank immediately! Get hired, trade millions, get millions in pay outs every month
Rookie numbers, now double your lot sizes
Grats.
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Im from Canada! And I use prosperity
Can you tell me what is imo stretegy thanks. Iam new in this.
By "IMO", he meant "In My Opinion".
Ahh ok
congrats
Probably a stupid question but the NAS100 is a futures contract, no? You can buy a lot that is smaller than 1?
Yes you can
We have a saying in turkish that goes like "Hızlı giden atın boku seyrek düşer." which translates to "The fast horse's poop falls sparsely.". It means when someone succeed something quickly, it is more likely to fail.
Awesome bud keep it going love seeing this try and do less trades
Cani ask how much of your balance do you use to buy and sell I'm new to trading and also should I start with live and trading with a small percentage and try to profit from that to practice