Be a Functional Trader

Hello,

This approach might give you the greatest journey of your life.

I have been a member here for a very long time, although I do not really have a significant footprint here. My trading experience is 13 years day and night. I thought to share what I have as a trader with those who are willing to accept the concept of functional trading. Like many other traders, I studied the works of great traders for years. I studied the market maker method, Captain Jack's stuff and Sympathy's teachings, the latter may be less known here.

After years of practice and thinking, a fourth teacher joined the pack, price itself. No less I want you to experience and for this I have taken on the teacher's role, meaning I will assist you just like any other teacher of various subjects would do, till you get to a level where price becomes your teacher and you become the master of it. I emphasize the role of a teacher because I do not want anyone to say "ah, it is another forex scam". The service will not cost you more than attending a language class over a year, so please adjust the strength of your opinion accordingly and compare it with how you would evaluate a language teacher, as an example.

What I can offer is a bit more or different compared with my "teachers" approach. My own revelations have lead me to what I call Functional Trading. No one owns the logic of price movements and it is difficult to say what it is that one person knows that the others do not. There are many good traders here, God knows which one should be followed, so I can only speak of my own experience and approach and to be honest I have even lost interest in what other traders do, so it would be hard for me to benchmark my trading style against another. What I did was that I followed my "teachers" and added my 2 cents based on my own natural learning process. Then I realized that the whole thing should be re-framed, put into a different context. The elements of my views on price movements are listed on my website at functionaltrader.com. You can also read about me and my approach to FX mentoring.

Regarding trading style, the approach is entirely naked trading with no price movement predicting indicators on the charts. Some of the elements are timeframeless trading, the existence and non-existence of price levels, the confusing base unit of price movements, price cycles and few other elements framed by the concept of functional trading. I emphasize the importance of studying the base unit of price movement a lot because that is what naturally leads you to understand what you are trading when you open a position. You always trade the same pattern but it is presented to you in multiple forms. Hence the functions of price movements gain importance.

If you have something to say, let's have a modest discussion and let everyone decide if the offer makes sense or not.
Of course I will post charts here once in a while. I trade one pair only as I do not see any reason to look at many.

Successful trading to All,
Rewand

This is a draft of Brent price projection. Did this some time ago. Not the usual stuff or TF that I like to talk about as I prefer the intraday approach. But it is a component of the "system", the ways to look at price movements. The elements of the teachings are well described on the website indicated above and you can join a free group to get a sense of what I am up to. Its all introductory at the moment and you can learn to trade at a currently very low fee and secure that low fee for years to come. I am open to all discussions and you can share your thoughts here as well, I am not afraid to see any feedback. You can think about this as a language class, I currently take care of everyone for not more than what any teacher would ask for. What could you possibly lose?
I am not a scammer, not anonymous either, will let you know who I am instantly.
Happy weekend to all of you,
R.

Shared this yesterday "evening" (to me) in the free to join group. Just to give you some partial information on how I like to look at price movements. USDCHF, we all look at that to stay efficient, hence keep cost low and gain high for everyone.

Some of my thought processes...

Oil approach

This is a mid-long term view of USDCHF, the pair I always focus on. For now, I trade it to the upside, expecting price to move up from the week beginning on 27 March. I trade intraday, so I need to wait and see how it moves but my guess is a long day tomorrow, 9280-90 should be a good short term target.
If interested in what I do, pls visit functionaltrader.com to learn about the approach.
Happy trading to all.
A.

Lets see how it goes.

I expected the spread to open to the downside at market close/open but it was opened to the upside so price had to drop. Trade still valid.
News time is upcoming, I would normally partial-close but leave the positions there for demo purposes.

Few low risk positions are added, talking about a 4 pips SL. Could close them, I many times do - especially these hours of time - due to position size but I let them be there now for demo purpose (and to show that it is fine to take a small loss, re-assess the situation and enter again, if the opportunity is still present, timing is good, etc). Interested in what and how I do, visit functionaltrader.com. I offer to teach you fx trading until price becomes your teacher and you the master. Teaching how to make money, not pips. For these late positions, all TFs aligned for a good entry.

No point keeping these extra positions, so closing those, direction is up but I prefer not to trade direction out of accumulation this time of the day. Keeping the original positions till the exit point though.

I have posted an AUDJPY trade analysis on my website at functionaltrader.com, please take a look, if interested. I know it is difficult to differentiate good traders from others but you may want to spend some time on the concepts worded as fundamentals shared on the website. I believe all good traders should arrive at the same conclusions, although I frame it all in a somewhat unique way. If nothing else, then get confirmation on your progress by comparing what your thought processes are vs mine. I also have a good offer regarding for life packages, could be as low as 400$. I am also open to Teams meetings to address all questions. It is very unfortunate that most people who subscribe simply do not have questions and do not take their time to annotate charts. I can say that only those with inquisitive mind and those willing to use their brain can make it.
Instead of losing money in forex trading, why not understand what you have to deal with to win in this game? A small amount of subscription fee might be the most you will lose if you decide that trading is not for you. I will show you all the depths of trading and if you can not understand and apply the concepts, then trading is likely not for you. Do not waste your time on indicators, EAs and all. It is better to understand how price moves and how to read the tracks of price left on charts. It will take years of practice and commitment, I am aware, but without it, what is it that takes you to the pole position?
Any question you might have, I can answer here as well.
Cheers,
Rewand

Sharing some insights for successful trading. These are things that ALL traders should consider. And if a trader can remember those while facing a chart, then he might have an edge.
The context of price movements is created by news (red news only), sessions, the flow of time (time and timing) and of course the past actions of price.
TFs must be forgotten, they do not exist. They are creations for the purpose of visualization. TFs could therefore be used but a trader must look beyond (let's say all TFs should be considered, however, even those that do not exist, right along with a mixture of all the TFs that exist and those that are not considered as standard).
So price does not respect TFs, one needs to learn to look beyond candles. Luckily, time exist, only it can not be framed.
What price does is it behaves in the context of news flow, time and patterns.
The context of patterns is accumulation. Price moves away from one to arrive at another. And it does something in-between. While doing what price does, it builds certain patterns and this behavior creates price cycles.
On any chart, there are 3 things that one should be able to identify: accumulation, directional movement, areas where traders get stopped-out. One does not have to believe in stop hunting and all, only need to be able to identify areas where traders - for whatever reason - get stopped-out.
I have just shared some insights and I will share more in the future. I have no secrets that I can not tell. Anything that is told to those without persistence and dedication is of no use. People may not read. If they read, they may not know what to read. If they read the right thing, they may not understand. If they understand they may not remember. If they remember, they may not be able to apply for a multitude of reasons. This has nothing to do with trading but I have seen many traders failing due to these simple issues.
Price does not respect levels either. Are you interested to know about that?
Trade well,
R.

Well, let me explain why price does not respect levels. The statement is of course partially true. Price does have reactions at levels and one can always justify a reaction at a level. However, from my perspective and thinking of turnarounds at price peaks, price is rather alive and the exact level of a turnaround is more dependent on price behavior and patterns (structures price builds on its way to its destination) than a logical level. Price also likes to push through levels and that makes traders wonder if the level is still good as expected or another level is to be played. In such situations, confusion sets in.
So the way I look at price is that it respects ranges, instead of levels. What one needs to look at is the pattern price creates during its journey to its destination and the range that serves as a likely destination. This is typically an area of accumulation, a good target for taking profit but also to consider it as an area of entry. Because of this, understanding accumulation is very crucial for traders. I will share something about that in my next post. Since I coined the term functional trading, I will share few examples of what functions accumulation can play. In fact it is patterns that have functions/play roles but it works the other way around, certain roles are played by the same patterns. As an example, a pattern of accumulation can have a function of a stop-out. It all depends on pattern location and size. More about this later...
I am ready to answer all questions.

Ok, so how do I trade? I posted 2 USDCHF trades live on another website today and it is worth to upload the pics here with comments.

The first trade was a bit late, also a bit early. Entry is indicated.
1. The second leg ended up lower than the first leg and I have not set a hard stop this time. However, I would not have liked price dip below the second leg, so I placed a stop just under.
2. Price moved in my favor and reached the first area of congestion. I placed my stop below the congestion area to protect 5 pips in the green.
3. The stop was hit, resulting in a 5 pip gain. I followed PA further and decided to enter with a 2 pip stop loss. I did not want price to dip below the low of the area of congestion once again since candles indicated a further move up.
4. Price moved in my favor once again and I moved my stop up to protect the position against loss.
5. While price was moving up, I did some homework, indicated developments on the chart and confirmations for further upmove.
6. Further thinking was done, a price projection was devised. 12 pips were in the green out of 24, the entire move so far.
7. Meanwhile noted that the previous day's close was crossed over, observed the hesitation but kept the long, confirmed by a pattern showing us 2 functions: accumulation and stopout. The move points up, however, we would like price to move above the M15 candle with a pin. The move out of what I call a ghost pattern makes me assume that at least the high will be hit again. We also check the range of the last downmove (from yesterday). It shows 50 pips, not surprisingly. We also love ranges with 50 pips.
8. The top was hit and price moved above. Time to move the stop, 10 pips secured so far. It the stop is hit, a new entry will be searched for.
9. The close price barrier was not an issue, we are seeing a familiar pattern and hit Level 2. There is more time till session end, so I leave the trade alone. I take a look at the H4 candle for confirmation of direction. Level 2 is always tricky but this time there was no trick to consider. If there was, I would have closed the position even without adjusting the stop. Continue...

Continued..
10. Stop is pulled up to 0.87562. If hit, a new entry would be searched for, likely according to H1 chart indication.
11. Price moved up further, so stop level was adjusted to secure 23 pips. Meanwhile the TP was set at or close to Level 3 price level.
12. TP level very soon to be hit and eventually it was hit soon.
The results is attached, I achieved another 5 pips with the first position that was stopped out.
Thoughts were shared and chart annotations show additional information on how I track price and make decisions.
I hope you will learn something from these charts!
If you want to become a functional trader, subscribe to my service at functionaltrader.com
Again, it is not an easy piece of cake, not as easy as it sounds. If it was, I would sell it on ebay for 4.99$

Hi, I have just completed a funded trader challenge. Since everybody wants to be funded, I thought I would show how I can pass the challenge. It was a 10+5% challenge. There are 2 more days to go on Phase II, so I have not completed it yet, will do so on Monday. Here are my results (Started 31 Aug, ended 28 Sept). I had 2 days during Phase I when my attention was not there, so that line has 2 dips in it. Phase II is smooth as it should be. If you want to learn how to trade and pass a challenge like this, visit my website at functionaltrader.com
I do not post here much as it does take my attention away and teaching is just a hobby to me, not really worth the effort and people learn this stuff very slow, most of them can not take and follow instructions and being a parrot is not what I am used to. Too bad that if people ever read what needs to be read, most of them understand very little due to not being used to using their brains and as a result they give up their dreams too early. Always have questions, search for the answers and be persistent in whatever you do.
Good trading to you,
Andras

I have started a LinkedIn page where you can learn about the concepts of trading functions of price movements and even subscribe to the page (content only, free of distractions). You can ask questions or share your comments.
https://www.linkedin.com/company/functionaltrader/

You may want to read about the concept of breaking even, what it means, how you should treat it as a trader.
Does not cost you a cent to read it and increase your understanding of what you are actually doing.
https://www.linkedin.com/pulse/do-yo...2q8MaY6w%3D%3D

There are other articles worth to check out at https://www.linkedin.com/company/functionaltrader
Enjoy,
A.

I offer 5 live trading sessions for free. Sessions include an intro into FT and insights into the way trades are spotted and executed. The sessions are meant to be interactive, I listen to opinions and give insights regarding what price is doing and the likely outcomes. Trades will be placed accordingly.

There are conditions to the "live" trading as it is not possible to do this live.
- The trades will be executed on historical data. 25 years of it. You can randomly choose the date where we start.
- We use M15 charts. It means we can only see what is visible on this TF. I use all TFs in my trading, some of them I can only guess how they look like based on M15.
- We can not see what is on the left. Past levels will be hidden.
- We do not know anything about upcoming news events.
- I prefer to use 2 monitors to see at least 9-10 days of PA but if most people do not have that, I am willing to go for a single monitor setup - meaning even less information visible to consider
- I use the F12 button to make the candle appear one by one and make decisions accordingly

I can do this on Saturdays or Sundays. If you want to participate, let me know which day and time works best for you (please use European time - I live in Budapest, Hungary) and let me know if you are able to deploy 1 or 2 monitors. Each session will last about 2 hours. I will go for what is good for the majority of people.

I have taken the February offer off the table (for life packages for the price of an annual subscription) but I will offer for life packages to those who participate in all 5 events.

I hope you will take this opportunity.
You can contact me at hullera et gmail com, andrew et functionaltrader com or just PM me here if interested. I will setup the sessions if at least 50 people show interest.

Just in case you are struggling with what news events mean..
https://www.linkedin.com/pulse/what-...yudrPJsQ%3D%3D