Trading for a living

Quoting Mandariin

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{quote} It seems you like to look more for excesses than solutions. My 1st trade today at London open is basically based on impulse - correction - impulse. No need to over complicated it. In uptrend impulse leg is longer and correction leg is shorter. Ideally I like to correction leg to stop at resistance to support level but close enough is good enough. Yes I know you like clear and precise rules but you can fit the market it the box (=acts always according to your rules without any deviation). {image}

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Quoting Mandariin

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{quote} It seems you like to look more for excesses than solutions. My 1st trade today at London open is basically based on impulse - correction - impulse. No need to over complicated it. In uptrend impulse leg is longer and correction leg is shorter. Ideally I like to correction leg to stop at resistance to support level but close enough is good enough. Yes I know you like clear and precise rules but can you fit the market it the box (=acts always according to your rules without any deviation) ? {image}

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Quoting Noisy

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{quote} Hey there. Hope you're doing well. Yes, every time frame has its own frequency, just as every market probably has its own unique characteristics. Personally, I find it too difficult to deal with all that. I simply can't derive anything concrete from it that would help me achieve a specific goal with a clearly defined level of risk and time commitment that I am willing to accept. The thread has been around for a while now, and I still haven't found any really effective help on how to create a precise trading plan for myself that takes into...

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Quoting Thtpro

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{quote} All you need is ONE method and exploit it In my post, it showed that from past swings we could predict time and price - but only roughly - that means something else is at play - so all that really matters is that you move along with price in the direction its going - how you determine that and play it, is up to the trader, but its not hard Not sure if I've posted this one before or not - its from a trading book written in 1940 and shows the original method I showed you the other month and its the impulse-correction-impulse everyone is talking...

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Quoting Mandariin

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{quote} Do you have more info about it ? I found something Full text of "Bayer, George ( 1939) Preview Of Markets [ 136 P.]"

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Quoting Thtpro

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{quote} Oh god, you might open up a whole new can of worms here Like WD Gann he wrote a few books which basically looked at time, the bible, planets etc - somethings work, some things don't They used cycles and more specifically Astrology to try to predict things - I've never got on with Astrology, Astronomy however, is a different matter

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Quoting Mandariin

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{quote} Was it me You posted picture of fish that started of the bull run. Egg of Columbus by George Bayer. {image} Full "book" if anyone interested Time and Price Forecasting | Page 158 | Forex Factory

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Quoting RickM

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One prefect setup, your entire years income in one move.

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Sophie Rain is the highest-earning OnlyFans model as of late 2025, with a projected 2025 earnings of around $110 million. Previous reports indicate she earned approximately $85.4 million as of September 2025, with other reports highlighting a total of over $50 million in net profit, according to People.com.

Quoting Noisy

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{quote} "While it is technically possible to make an entire year's income in one single, high-stakes trade, this approach involves extreme risk and is highly likely to result in catastrophic losses, including potentially losing all capital. There is no single "perfect setup" that guarantees such an outcome; successful trading relies on consistent, long-term strategies, rigorous risk management, and discipline, not single huge plays." I might as well borrow 1 million from the Russians, go to the casino, and bet everything on red. Either I'll have...

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Quoting T721

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{quote} +2% per month with whatever trading plan and manageable risk (under a maximum drawdown of 10%) We been over this before 2% a week is easily doable. not per month, per week. But why the hell do you want to risk so much for 2%

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Quoting notabdullah1

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{quote} yah i mean idk why its soo complecated if he can get his pattern recognition better and get better at liquidity sweeps it will be alot easier for him to make alot more than what he wants to make .......... if he doesn't want to do that he can start trading oil and gasoline and that works pretty well and consistent and also just do swing trading in start by using the daily timeframes where you find a big rally up or down (essentialy an impulse) then draw a box around the candle after which the rally started make sure you starting of the box...

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Quoting T721

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{quote} +2% per month with whatever trading plan and manageable risk (under a maximum drawdown of 10%) We been over this before 2% a week is easily doable. not per month, per week. But why the hell do you want to risk so much for 2%

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Quoting Noisy

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{quote} Yes. Less risk and higher return is always better, of course. The question is how this can work in practice over the long term. I am currently at a maximum drawdown of 5.3% with a 0.25% risk per trade. Most prop firms have a maximum drawdown limit of 10%. What AI says. A realistic drawdown associated with a target return of 2% per week (approximately 104% annually before compounding) is generally considered to be significant, often in the 10% to 20% range or potentially higher. The exact figure depends heavily on the trading strategy, risk...

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Quoting Noisy

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{quote} Yes. Less risk and higher return is always better, of course. The question is how this can work in practice over the long term. I am currently at a maximum drawdown of 5.3% with a 0.25% risk per trade. Most prop firms have a maximum drawdown limit of 10%. What AI says. A realistic drawdown associated with a target return of 2% per week (approximately 104% annually before compounding) is generally considered to be significant, often in the 10% to 20% range or potentially higher. The exact figure depends heavily on the trading strategy, risk...

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Quoting Noisy

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{quote} Yes. Less risk and higher return is always better, of course. The question is how this can work in practice over the long term. I am currently at a maximum drawdown of 5.3% with a 0.25% risk per trade. Most prop firms have a maximum drawdown limit of 10%. What AI says. A realistic drawdown associated with a target return of 2% per week (approximately 104% annually before compounding) is generally considered to be significant, often in the 10% to 20% range or potentially higher. The exact figure depends heavily on the trading strategy, risk...

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Quoting Mandariin

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{quote} Are you fund manager and manage 100's of millions ?

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Quoting Noisy

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{quote} Yes, that's right. It's not a fair comparison. I just wanted to make it clear that a 2% return per week is already quite a lot.

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Quoting medici

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{quote} Yes, they happen all the time. And your example was even a FVG, then up to the early morning highs, then inverse FVG down. Happens every day and as simple as can be, and in this case all you need is an idea of FVGs and S/R. But as you say, our thread starter doesn't really want solutions. How would he then get expression for the suffering acted out through the persistent complaining? {image}

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Quoting Noisy

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{quote} A single chart example, without seeing the exact entry and exit criteria, will hardly help me identify a repeatable approach that I could test/execute. If such setup occurs every day, perhaps one of the bright minds here could post charts for every day of October for just one market that shows an entry within the first 4 hours after the London or New York opening, using these legendary FVG or impulse correction strategies, and explain what kind of risk/reward management was employed. Even better would be charts showing all trades for the...

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