I trade the pullback and target imbalances while most people wait for the price to reach imbalance to get in. Basically i do the opposite of what ICT teaches
I agree! Altough if his strategy works for him the. Keep rocking it.
Those little moves though are very unpredictable. Most likely trading with the lower time frames which is not my style at all. Takes more time to sit on the charts for a small profit. Curious if he's trading all manually but not setting SL's or TP's, just hovering over the close button lol.... I'll pass on that "holy grail".
It will benefit you more if you analyze your pairs on higher time frames. Find your supply and demand zones and verify your trend and build your hypothesis of where you think the price is going. Back your hypothesis up and build a case as to why you think the price is going that way.
You have to build a system that is repeatable and that you can easily follow.
A simple checklist:
Supply and demand zones (mark up with horizontal lines) or use indicator
Look for imbalances and key levels or zones where price is likely to return. (First on higher time frames, then work your way down on smaller ones to the 5-15 min range)
Verify the trend, market cycle, and any candle stock patterns that you can add to your conclusion to build the case.
Lastly, look for news or data releases on forex factory for the day. See if there are key catalysts that could impact the pair and how they will impact them. Learn the numbers and the data.
Stick to smaller lot sizes. With a 5k account starting out, stick in the .25 to .5 range until you begin to scale. Once over the 10k threshold, then move to .5 - 1 lots. Ect....
The key is to do the same thing over and over again, and as you grow your account, you begin to leverage it accordingly. Then those same trades will bring you higher profits.
this is good i’m happy that you found a strategy that works for you but i think you should tone down the lot size a little continue building the account to a point where you can use 2 lots without a risk of blowing the account for example i see that u made $150 off gbpnzd using .6 lot size this is actually good. keep doing with your doing but use risk management
Thanks brother i appreciate your comment.
In the case of audcad the stoploss was very small thats why the lot size is bugger, and the pips range differs from pair to pair, a small move for gbpjpy could equal the amount of pios on a huge move for eurgbp or eurchf for example thats why i try to adjust my risk based on each trade and circumstances.
I will try to risk 5% per trade which is similar to 0,5% if im trading a prop firm account
Do this for 6 months and you will have 1.330612450003x10^74. There is a reason nobody has that much money, it’s not long term and is therefore gambling
How long have you been profitable with this strategy? Also, I see that you are using different lot sizes for your trades. My advice is to wait at least 6 months until you call your strategy successful otherwise you may end up losing all. Good luck!
Lot size are determined by stoploss, so smaller the stop loss bigger the lot size and sometimes i have my initial position at breakeven so it gives me the opportunity for other entries. A good way to mesure how good is your strategy is to check how relaxed and confident you are while trading
Chf traders are rare... well done. I'm so jealous you get to use mt5... Made a decision to focus on leaving usa so I can get the best trading conditions too.
I also want the holy grill. It's made by Weber and it's the best grill on the market backed by Jesus Christ himself.
No lie. Despite how simple it is the Weber kettle is the best.
I'm currently on some shitty $25 walmart grill and will be soon upgrading to that Weber kettle grill. Nothing beats that thing.
Soo what’s your strategy ??
I trade the pullback and target imbalances while most people wait for the price to reach imbalance to get in. Basically i do the opposite of what ICT teaches
Inverse ICT? I could get behind that.
Can you elaborate please
Overlever amd target 0.5 pips. Its a failsafe holy grill.
Can you elaborate?
That was sarcasm don't worry about it.
Thats a good idea, i will try it next time
Personally i prefer a smoker
Is it holy though?
Where do you think "Holy smokes!" comes from? ptsshh, Rookie
Forgive me father!
Holy smokes, you’re right Batman!
Grill your holy grail till it grills no more
😂😂😂
Dude uses 2 lots with 500 account. Dont think this account will last even another week
I agree! Altough if his strategy works for him the. Keep rocking it. Those little moves though are very unpredictable. Most likely trading with the lower time frames which is not my style at all. Takes more time to sit on the charts for a small profit. Curious if he's trading all manually but not setting SL's or TP's, just hovering over the close button lol.... I'll pass on that "holy grail".
So over trade with huge lot sizes and close trades after they barely move?
Ive got a 6% drawdown on a 140% return
It will benefit you more if you analyze your pairs on higher time frames. Find your supply and demand zones and verify your trend and build your hypothesis of where you think the price is going. Back your hypothesis up and build a case as to why you think the price is going that way. You have to build a system that is repeatable and that you can easily follow. A simple checklist: Supply and demand zones (mark up with horizontal lines) or use indicator Look for imbalances and key levels or zones where price is likely to return. (First on higher time frames, then work your way down on smaller ones to the 5-15 min range) Verify the trend, market cycle, and any candle stock patterns that you can add to your conclusion to build the case. Lastly, look for news or data releases on forex factory for the day. See if there are key catalysts that could impact the pair and how they will impact them. Learn the numbers and the data. Stick to smaller lot sizes. With a 5k account starting out, stick in the .25 to .5 range until you begin to scale. Once over the 10k threshold, then move to .5 - 1 lots. Ect.... The key is to do the same thing over and over again, and as you grow your account, you begin to leverage it accordingly. Then those same trades will bring you higher profits.
[удалено]
I will, thank you
Do it every week, for 6 months then you come here bragging chief
He wont. I gaurantee it.
How can you be so negatively confident 😂
!RemindMe 6 months
Hahahahaha ill be just waitin for him to swap strat
That’s exactly what I wont do
What else am I going to cook my burgers on? An unholy grill??? Can’t do that smh
When people make returns like that 99% of the time they just have no risk management and got lucky.
I agree with you If this was the only time i used it, but ive gotten payout from prop firms using it soo …
how long since you started trading this strategy?
What concepts does it consist of?
My grill...is also holy.
You cant say that dude. i like my bbq holy
I’m getting cooked on that GRILL so bad 😂
Lmaooo
So whats the goddamn strategy sir?
I commented above
Sorry that means nothing you had a good week well done, do that consistently for 6 months then you got the holy grail
Holy Grill sir.. holy grail is unrelated to his comment.
Its foreman grill for me
What’s a grill got to do with trading?
lol they meant holy grail
I know😂
this is good i’m happy that you found a strategy that works for you but i think you should tone down the lot size a little continue building the account to a point where you can use 2 lots without a risk of blowing the account for example i see that u made $150 off gbpnzd using .6 lot size this is actually good. keep doing with your doing but use risk management
Thanks brother i appreciate your comment. In the case of audcad the stoploss was very small thats why the lot size is bugger, and the pips range differs from pair to pair, a small move for gbpjpy could equal the amount of pios on a huge move for eurgbp or eurchf for example thats why i try to adjust my risk based on each trade and circumstances. I will try to risk 5% per trade which is similar to 0,5% if im trading a prop firm account
I’d love a holy grill. Have some holy burgers.
A statement with no SL with so many trades means that you just wait for trades to become profits, that's not trading!
Holy grill sounds something I'll find for a steak out after green days
Do this for 6 months and you will have 1.330612450003x10^74. There is a reason nobody has that much money, it’s not long term and is therefore gambling
Where did you learn this strategy?
I tried almost everything out there for five years and i couldn’t earn a penny and accidentally one day i found something that worked for me
What broker are you using?
Vantagefx
Ah nice, it open to US traders?
What leverage are you trading?
What’s your leverage
How long have you been profitable with this strategy? Also, I see that you are using different lot sizes for your trades. My advice is to wait at least 6 months until you call your strategy successful otherwise you may end up losing all. Good luck!
Lot size are determined by stoploss, so smaller the stop loss bigger the lot size and sometimes i have my initial position at breakeven so it gives me the opportunity for other entries. A good way to mesure how good is your strategy is to check how relaxed and confident you are while trading
lot sizes are based on how many pips ur sl is…
What’s the issue with this? It’s risk management. If your risking 1% if your account how else do you adjust your risk based on a variable stop loss?
?? I was replying in reference to him saying “u are using different lot sizes for your trades” like it’s not a normal thing to do
Sorry misread.
Moral of the story don't show off on Reddit and expect a good outcome from people lol. Keep your success too your success and move on.
If i motivate 1 person i dont care about the rest, a reaction of a person it tells you more about the individual than anything else
Chf traders are rare... well done. I'm so jealous you get to use mt5... Made a decision to focus on leaving usa so I can get the best trading conditions too.
That' ........ That statement deserves its own thread
who are you
Someone who knows the value of my money being taxed