My experiments

What you don't see normally, you see in htf

https://www.tradingview.com/x/4iKiLVvR

Because price is bullish.

Wish i can have vwap in mt5. This is nice.

Be +1 better than loss.

I followed my system. So i have no regrets

Got a small 3% win today. Nice end for the week.

Risk mgt trading daily bars. Minimum

Daily atr of friday x 1.5 x 0.01 x 200

If daily atr at default in tv is 70 x 1.5 around 100, then at 0.01 lot that is 10 dollars, then x 200 trades, that is 2k.

Do i put 2k in my trading account? No. I would put 20 dollars, at leverage 200 account, to be able to do the trade and admit stop loss defeat and ib my journal I would subtract that 10 dollars. Or if it won, i would add 10 dollars to the 2k capital outside of the broker.

It's a risk mgt i do in order to avoid over trading.

4h atr x 1.5 is 26 so 40 x 0.01 or 4 dollars x 200 or 800 dollars.

I would deposit 10 dollars for one trade, minimum by my broker

1h atr x 2 or 15 x 2 or 30 pips x 0.01 or 3 dollars x 200 or 600 dollars. I'd deposit the minimum allowed by my broker or 10 dolars.

And so on applies to lower time frame (using 1h atr x 2)

Also making it so to have not more than a certain amount of risk per day.

You therefore see the appeal of lower time frames.

My story.

I learned to trade using emas and price action using daily bars. I learned rules not to trade 2h before or after news. I learned a lot of models depending on time frames.

Ema bounce 8 and 20 using close
Fractals buying on a lower high fractal or a higher low fractal
Buying on bolinger bounce
Buying on range using the reverse of fractals
Using ring high and ring low
Using pin bars

I learned support and resistance to filter good trades.
With these rules, I was notprofitable because mentally i was not ready.

Everything changed when i learend about mark doughlas where the idea of liquidity sweep came to mind. How? You have daily trend and on 30 mins, if price goes against it, the moment it goes in the direction of the main trend you order.

With this i learned the concept and did some digging, i was expost to ict and then learned there is an actual method with respect to it. And when to trade, with that i learned that damn, now i know what went wrong. I traded at the wrong time.

I did some more research and found dr idr as taught by a good friend, it was mechanical but i still failed since i dont have lense data. So i used it together with ict concepts and became profitable again.

From there i learned vwap as taught by another good guys, and so i was able to mix things up

With what i learned about rsi from my 2 friends, oversold and and 50 cross and multiple time frames, i was then able to choose with confidence which trades to take and so have been profitable for the past 2 months with my new pepperstone account because mff got borked.

I may choose to do prop again in the future with the 1/20 draw down rule with have at most 4 entries meaning my true risk to reward is 1/80 drawdown, and this is to take advantage of being not in the best position.

Multiple things happened and sources I've seen where retail is not bad. And levels are good.

Lewk and pao and wolf and vwap man helped me in my journey. And i do follow sessions dr idr and concepts of price action by ict.

From brooks i learned one model for all time frames and he is right.

I may jumble my writing here, but so far after 7 years of investing and trading, i see forward testing is the way.

Summary

1. The exercise by mark doughlas is the way
2. Compliment the exercise via the turtle rule of dividing risk into at most 4 for better entries or scaling your trades.
3. Ict tp and liquidity sweep concept for price action
4. Ict on when and dr idr on when
5. Vwap to confirm direction on ltf
6. Multiple time fram analysis for bias
7. Trade after the news
8. Dont trade before powell speaks
9. 4h rsi is king (oversold, overbought, crossing over 50,)
10. Trading is really subjective and mechanical. Art and science.

Everything is available for free.

Also done trading today, unfortunately i dont know how to link tradingview pepperstone to forex factory

Range + pa + breakout within a period = yey.

Great thread Sovy, subscribed and Good Luck

Oct is profitable too.

SUMMARY

1. Less trades more money
2. When matters
3. It's ok to have more than one trade provided the risk is mitigated
4. Htf works
5. News cant bork the result so always trade after if possible

testing a swing trade. I haven't done one in a long time. I've often closed intraday. Have set my risk parameters

simple strategy based on when and 5m bars.

https://www.tradingview.com/x/Cg9vzqyK

Price must be below ema 200 within 730 to 830 ny pm.
Price close within 50 ema but under 200 ema, and when it goes back to the short. Set pips stop loss from entry and manange the tp or set a 1 to 1 or 1 to 2. Just scalp

I was getting an unhealthy obsession with the trade chart. It made me take unnecessary trades. So i had to cut it. Also i have transissioned to using tv as my main place to trade vs mt5.

Ease of use and cttrader additional help.

One thing for sure, while i lose 2% in my mt5 i did make 6% on the trading view. So, it is not good to mix the two.

I tried to swing trade. Via ema but supply and demand and fib is more of my thing.

Ah well

Let's see.

In search for a swing model

If i get the chance to be able to link trading view to forexfactory.com, i will create a trading thing for ppl to see again.

Found myfxbook can track it. Yey, ill do this for now. And post it every end of the week.

https://www.tradingview.com/x/rSk6iXZd

Monthly range

https://www.tradingview.com/x/jAhvA53q

Euro daily bias is short.

- Long-term tendency: to short. The maximum accumulation of volumes of the current contract is located in the range, at quotes 1.05700-1.06000. At the moment the pair is investing higher, indicating the strength of buyers.


- Investment recommendations: buying from the range of favorable prices when a reversal pattern is formed.
- Buy: 1.06733-1.07153, Take Profit 1-1.07573, Take Profit 2-1.08533.

Are you expecting price to go up later fed speech?
https://www.tradingview.com/x/OXWMmB3Q

This is my speculation.

But once the low is take, i don't know what may happen. I'll have to see the close after it happens.

Reading the weekly works but the drawdown is magestic.

Yeah.

I am often reminded that trading is a lonely journey, that i have no one but myself and so i must work hard and develop myself for this is my life and work.

Others will not understand.

I understand completely Sovy,, if you ever want to get on zoom or Skype let me know pal

EUR/GBP Swing trade

get in now, if it does up 10 or 20pips add ---- then hold for minimum target @8600

I hear you brother... great thread, I'll be watching