It's crazy how for 6 years the market was really a big maze that i really could not figure out.. I'm not saying that I have figured out the market 100% (I don't think no one has), but I do look at it in a different way now.. Once you understand market behavior, then you can really see that the market does the same thing every single day. This is why I named the thread "Different Day Same Stuff". One of the reason why i believe most people fail is because they focus on one chart or one market.. Once I started to open 5 different market charts or more everyday, I actually started to realize something crazy.. THE MARKET DOES THE SAME SH*T EVERYDAY! The market is either ranging or trending.. THATS IT.. We can go into sub categories of trends and ranges but we don't need to right now because that's not important. Even with this discovery it still wasn't enough for me to make a decent system.. A couple of weeks ago i was watching a video and thats when everything clicked.. The guy in the video said all he does is mark down key levels and then go to the lower time frames and look at price action.. If price action is telling him to go short or long then he will enter the trade..
This is when everything clicked for me.. Like i said before, the market does the same thing everyday, but what I failed to do was to look at key levels where price were likely to turn.. And no, key levels aren't just s&r, or supply demand.. Key levels to me is where price is likely to turn or react.. Once you can understand this then you will realize you don't need a trending market to only trade.. You will be able to trade range markets too.. To get used to this, all you have to do is look at the 30 min chart or 1hr chart (I prefer the 30 min).. Then look at for 5 different markets or more and start to look how the market does the same thing everyday.. Once you can train your eye to see this, then i want you to train yourself to look for key levels where the market is likely to react and turn.. A key level could be anything.. Don't let people confuse you with s&r or supply demand because those levels are somewhat hard to understand.. If you ask two profitable traders to draw s&r or supply demand, I bet you will get two different lines on the chart.. Like i said before, a level could be anything.. It could be the last swing high or low, it could be the high or low of the day, or whatever.. The important thing is to train your eye to look for levels that basically reacts when price reach there.. This happens single everyday.. Once you get good at that, then the ultimate step is to go to the lower time frame for all your entries. You see, day trading off the 30 min or 1hr chart could be a challenge because one bar could be 20 pips or more.. and by the time you are waiting to get 1:1 or 1:2 rr the market might reverse on you. This is where the lower time frame comes in handy.. If you enter the trade by looking at the one 1min or 5, then we can exit the trade on one 30 min bar(10-20pips) and be happy.
I have been back and forward testing this idea for a while and now I'm ready to go live.. This journal will track my progress..
This is when everything clicked for me.. Like i said before, the market does the same thing everyday, but what I failed to do was to look at key levels where price were likely to turn.. And no, key levels aren't just s&r, or supply demand.. Key levels to me is where price is likely to turn or react.. Once you can understand this then you will realize you don't need a trending market to only trade.. You will be able to trade range markets too.. To get used to this, all you have to do is look at the 30 min chart or 1hr chart (I prefer the 30 min).. Then look at for 5 different markets or more and start to look how the market does the same thing everyday.. Once you can train your eye to see this, then i want you to train yourself to look for key levels where the market is likely to react and turn.. A key level could be anything.. Don't let people confuse you with s&r or supply demand because those levels are somewhat hard to understand.. If you ask two profitable traders to draw s&r or supply demand, I bet you will get two different lines on the chart.. Like i said before, a level could be anything.. It could be the last swing high or low, it could be the high or low of the day, or whatever.. The important thing is to train your eye to look for levels that basically reacts when price reach there.. This happens single everyday.. Once you get good at that, then the ultimate step is to go to the lower time frame for all your entries. You see, day trading off the 30 min or 1hr chart could be a challenge because one bar could be 20 pips or more.. and by the time you are waiting to get 1:1 or 1:2 rr the market might reverse on you. This is where the lower time frame comes in handy.. If you enter the trade by looking at the one 1min or 5, then we can exit the trade on one 30 min bar(10-20pips) and be happy.
I have been back and forward testing this idea for a while and now I'm ready to go live.. This journal will track my progress..
.. But I only lost $80 so im ok with that. Today was a better day, I made two trades today that basically made up for yesterday 
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