This is what I’m talking about $GC
Gold just dropped 60pt
For prop traders - especially those that are unprofitable - there is no reason to trade with anything close to 1 mini when you only have $2,000 drawdown
2 micros from any of the entries and boom your day is done. And what happens if you can do it 1 or 2 times a day?
2 micros + 10pt = $200
2 micros + 25pt = $500
2 micros + 50pt = $1,000
Most prop traders are unprofitable not because their strategy sucks, but because they can’t manage risk properly
Do yourself a favor and size down. Try it out for a month or two and see if any results change. The base hits will compound and add up📈
M2 Model
Summer started wild, so I had to adjust to the market conditions… $NQ
I’ve updated my M2 model - same logic, but now anchored to the 9 AM hourly PO3.
📌 The setup usually forms 10 minutes before the open and plays out by 9:45–9:50 AM.
Adapt or get left behind. 🔁
IPDA Data Ranges are 60 - 40 - 20
That was taught to provide you life-cycle for my PD Arrays.
60 days look back Position setups.
40 days look back Swing setups
20 days look back Short Term setups
Day trades use all of them.
Your assignment this week is to harvest 60 handles with 1 micro NQ.
You can take up to 4 trades, but no more.
Your grading is as follows:
1 trade = Superior
2 trades = Excellent
3 trades = Consistent
4 trades = Satisfactory
Anything otherwise is a miss.
Chermane Trades Mentorship Series 📚
Lecture 1 - High Resistance vs Low Resistance Market Conditions
I'm sharing the first 3 lectures publicly free of charge. I will be sending the FULL 12 video playlist to 3 random people who retweet this video. 🎁
Winners will be announced on March 25, 2025 at 4pm EST.