This is intended to be a true trading journal. So let me get this out of the way at the onset: I DO NOT PREDICT WHERE PRICE IS GOING. I'M NOT PARTIUCALY GOOD AT IT, AND MORE IMPORTANTLY, IT IS NOT NECCASSARY.
I intend to make detailed entries about trades taken, trades not taken, method concepts used, and psychology. Hopefully this journal will evolve as I do.
I have many personal issues with ICT, but I do not believe his method doesn't work. It just did not work for me.
I believe in Volume Spread Analysis (VSA), and I shouldn't let my dislike of the way certain traders trade with VSA cause me to want abandon it.
The real Journal starts on page 3 where the method is VSA and the Prop Firm funding account will be through APEX Trader Funding.
GETTING FUNDED:
I do not want to get into the pluses and minuses of getting funded through the various prop firms around today. I believe APEX Trader Funding is the best way to go.
1. It's Futures and not Forex or CFDs.
2. Trade 23 hours a day (including holidays and news events).
3. I can use Sierra Charts
4. Only one level to pass for funding.
I will detail the rules of the Account "Tryout" later, but the main numbers are:
1. $100,000.00 Account
2. Make $6,0000
3. Trailing Drawdown $3,000
5. Trade up to 14 contracts (28 micros)
THE METHOD
The method employed Volume Spread Analysis (VSA).
More to come.
I intend to make detailed entries about trades taken, trades not taken, method concepts used, and psychology. Hopefully this journal will evolve as I do.
I have many personal issues with ICT, but I do not believe his method doesn't work. It just did not work for me.
I believe in Volume Spread Analysis (VSA), and I shouldn't let my dislike of the way certain traders trade with VSA cause me to want abandon it.
The real Journal starts on page 3 where the method is VSA and the Prop Firm funding account will be through APEX Trader Funding.
GETTING FUNDED:
I do not want to get into the pluses and minuses of getting funded through the various prop firms around today. I believe APEX Trader Funding is the best way to go.
1. It's Futures and not Forex or CFDs.
2. Trade 23 hours a day (including holidays and news events).
3. I can use Sierra Charts
4. Only one level to pass for funding.
I will detail the rules of the Account "Tryout" later, but the main numbers are:
1. $100,000.00 Account
2. Make $6,0000
3. Trailing Drawdown $3,000
5. Trade up to 14 contracts (28 micros)
THE METHOD
The method employed Volume Spread Analysis (VSA).
More to come.
Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect