3406.25 on the run up to 18:00 (BST) there were ~ 1700 orders sat there, which held price in a range from the US open.
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Disliked@NevFX (or anyone who's been funded), let me know if this is not right thread, hopefully you might provide me your own view on this, but for me, I was considering going with them at some point, because, on a 500K account you can keep risk very low (which is a great habit to have) and upon making 1% profit you still potentially get around 5K to withdraw. But then I noticed a small detail: they give you not a certain "account" amount but a "buying power" amount, which for a 1:100 leverage, so you're not actually getting a 500K account but a 5K account...Ignored
Disliked{quote} I said for some time now in some threads here and there, the real account / money you have to trade with is just the maximum drawdown allowed. All your trading and risk must be based on that. These prop firms operate with the same business model a bank operates but so many traders do not get it, that fee you pay is interest for the borrowed money, that is, drawdown allowed. To be more precise, maybe someone else will see this and ring a bell, take Ftmo example, 10k account, aggresive mode, you pay 250 Euro for 10k account WITH 20% DD allowed,...Ignored
Disliked@NevFX (or anyone who's been funded), let me know if this is not right thread, hopefully you might provide me your own view on this, but for me, I was considering going with them at some point, because, on a 500K account you can keep risk very low (which is a great habit to have) and upon making 1% profit you still potentially get around 5K to withdraw. But then I noticed a small detail: they give you not a certain "account" amount but a "buying power" amount, which for a 1:100 leverage, so you're not actually getting a 500K account but a 5K account...Ignored
Disliked{quote} I said for some time now in some threads here and there, the real account / money you have to trade with is just the maximum drawdown allowed. All your trading and risk must be based on that. These prop firms operate with the same business model a bank operates but so many traders do not get it, that fee you pay is interest for the borrowed money, that is, drawdown allowed. To be more precise, maybe someone else will see this and ring a bell, take Ftmo example, 10k account, aggresive mode, you pay 250 Euro for 10k account WITH 20% DD allowed,...Ignored
QuoteDislikedHow useful or how much additional value do you get from a bookmap over just a traditional candlestick bar chart? For example, it is possible to observe a false breakout on the candlesticks just like with pending volume in the bookmap. What additional information are you seeking to get from the bookmap?
The second is more so with the bookmap screengrab you attached. You labelled a section as "stops", which is on the bid side of the ladder. Isn't this the intensity (stacked...
DislikedIf you want to know the types of firms I don't like, it's the ones that: Make you pay for training before you are allowed to 1st go on sim and then if you pass the assessment trade a live account. I won't name them here but I am preparing to let rip on a very well known firm who lured me in on the promise of Teaching me the ways of the futures markets on the likes of their Trading Technologies platform and CQG data provider and in doing so show me how the professionals make money, only to put me on a CFD forex broker and teach me less than you get...Ignored