These Entry Models show up every day before our faces in the market but only a few would know them
2 Solid Entry models built upon the concept of Failure Swing were treated in today's Read.
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You'd definitely enjoy this one
A "Failure Swing" Th~read ⤵️
🤓There’s a Art & Science to scaling in on trade setups! Lol it’s not that deep but it is THAT deep! Lol if that make sense! Join the community to see what I’m talking about lol! 💣
Scale me in on the Wicks please 📊
Many of you do not know how to make a proper study !!
Instead of Starring at your screen for hours and achieving nothing by the end of the day, do this ⤵️
▫️Start with Taking note of the Pair
▫️Note down the days there were news trading
▫️Note how price reacted during those news days
→(many traders claim that news invalidates their trades so they don't Trade during the news)but this in itself isn't true *without the news the fx market would be annoyingly slow and choppy.
▫️Build your Story from the HTF to the LTF.
▫️REPLAY price and simulate a normal trading day using strictly only your strategy.
▫️Where your strategy failed ask why !! And study where price preferred to react from.
▫️Make annotations you would remove later
▫️Your phone screen can serve but A large screen is sometimes preferred eg. An old gen iPad or a Cheap tablet, you can be frugal in your spending if you're yet a starting out trader
I'm feeling generous today so I'd as well give you some tips you should look out for whilst trading next week that I picked up only from study⤵️
📌The wicks before your valid OB are known as Liquid wicks, they sometimes serve as entry
📌The theory of 3 breaks in structure then a reversal quoted by @thissdax works! Study and backtest you would note it. As like every other strategy, it is no holy grail still and is sometimes bound to fail.
📌When there is An indecisive movement before a break, pick your valid OB from the BOS above that break.
📌Failure Swings entry models are Real🌚
That'd be all For now!!
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And don't forget to Follow me @Techriztm for more 🫶❤️
Happy Saturday 💯🔥, Thread on Breaker x Hidden Block by 8pm
GM GM
$200 account?
Risk $6 on a single trade
It will take you 33 trades to blow your account.
All you need is a good RR and a good mindset.
You will never loose that account.
Through my new filtration system, I increase win rates by 5-7%
1:1.5R has almost a 58% WR
1:2 has about a 45% WR
Both yield the same return
From here it's all about preference
Personally I like the higher win rate
Before vs After Stats
Formula to be a Great Profitable trader in under 3 months;
Pick one Pro trader in who’s concept you believe so much.
INVEST: purchase his mentorship/course whatever it is. Zone out & Go Monk Mode for 3 months Charting, Backtesting & Trading the concept.
Come Back here & thank me Later 🤝
Scalpers, this one is for you. I’m not sure if anything is as important as the last point. This is something I’ve learned as well. If trading with size, it’s imperative if you’re wrong, to be wrong quickly.
Proof you can trade anything(pairs/commodities), with little information/grammar
Structure and liquidity 🤜
But first, you master it
Watch and learn
You're welcome.
This week I want you to try something new…
- focus on 1 or 2 pairs
- one setup only
- a fixed risk to reward. 1:3 upwards
- avoid closing partials
Do this for the entire week and let’s discuss your performance by Friday
Who is in?
I've been sleeping on this despite the fact that @Fairy_Trades and @Vee_forex had recommended me learning it.
Liquidity concept would really get to reduce your loss rate.
I've been playing too much
Weekends are for weekly review and backtesting.
How can you get to review trades you took this week if you didn't get to journal any of them.
You can only review what you journalled my guy
To learn how to journal or create one for yourself
👇
This week I vow to:
- LEARN
- Only trade my strategy and setups
- Join any trading space on twitter
- Daily and weekly review of my trades
- Stick to all my rules
- Stay Patient and Disciplined
- No set up No trade
- No chasing No Fomo
- Journal all my trades
MT5 launches on FundedNext on May 4th!
Expect our own server, prime liquidity providers, enhanced security, improved performance, and reliability.
Stay tuned for free trials, swap-free accounts, trading competitions, enhanced packages & much more!
Mark your calendars!