Chukwukere Victory

[Chukwukere Victory @Trixxie040]

@SpeculatorFL Hi sham, great work.
Question around HTF bias - during backtesting, I've found that the months where I lose the most are months where the weeks consolidate. Is there anyway to anticipate this PA to reduce trading or stop completely and wait for next month.

[Big Char Trades @bigchartrades]

This has helped me more than anything else to get my first payout:

HTF Narrative is everything, without it there are no trades.

The confluences don’t matter, if you can identify what liquidity needs to be swept then you can make anything work.

You must learn this through trial and error, it is very difficult to determine a DOL without some market experience.

Watch how price reacts to session lows and highs, previous day lows and highs, etc.

Watch for SMT at these key external levels, it will tell you a lot about where price is headed.

Once you’re consistently able to determine a draw, the confluences in which you use to enter trades matter less and less the more accurate your draw becomes over time.

This can genuinely change your life but only if you put in the work and go through the hardships that come with learning how to identify a proper DOL.

[Chukwukere Victory @Trixxie040]

@bigchartrades Thanks for this bro. One question: how do you enter the trade if price doesn't revisit the cisd?

[Raid @Romeotpt]

If your model presents itself; execute fearlessly.

If your model is not there; you do nothing.

[Chukwukere Victory @Trixxie040]

@SpeculatorFL Hi Sham,
Love your work

I typically trade from 8:30 - 10:30, however sometimes I find that my trade criteria has been met by 7am. Is it advisable to increase my time window?

[AM @_amtrades]

Your path to consistent trading,
One year done this way can change everything

First: Set your goals properly

When you ask someone what their goals are for their trading, you will most often get the response that they want to make a certain amount of money in a year or be profitable by a certain date. This is a direct path to guaranteeing that those things are never achieved. Goals should not be final outcomes, they should be the actionable steps you need to take every day to actually reach those desired outcomes. Instead you need a defined process that can be followed every day which will naturally lead you to progressing in the right direction. Once your goals are set to be process-oriented, all the outcomes you are striving for will just become a byproduct of the actions that you take. The next four points will give you the foundation of what to focus on in your goals.

Second: Refine one system

There is one thing that cannot be cheated in trading and that is experience. No one else can hand it to you. The single requirement for building proper experience is consistently working with one system. One system that focuses on a very specific type of move in the market and ignores anything else. Repetition with the same logic in the charts is one of the most important aspects of trading as it builds intuition and proper decision-making when it comes time to execute. Those are skills that go beyond the basics of price concepts and can really only be understood by yourself through experience. Any time you reset to a new concept or strategy, you are also resetting your level of experience that you were previously establishing. Always be more willing to refine and less willing to add. Your goal with this is to be the best at one thing, because being average at a lot of things is not good enough for trading.

Third: Focus on mistakes

Your trading is a constant reflection of how you manage mistakes. You will inevitably make mistakes both small and large, but it is about how you address them that makes the difference. The majority of traders will start by avoiding their own mistakes because of the discomfort it brings to confront them. This is a path that eventually leads to bad habits and issues that become too large to ignore any longer which is where most will quit and some will choose to make a change. You need to remove your ego and redefine your relationship with your own mistakes because they are a gold mine for making significant progress and improvements. Every time you correct a mistake, you know without any doubt that it will bring improvement to your trading. Do not run away from the discomfort of addressing your own mistakes, jump on the opportunity to become a better trader. This in itself can change everything.

Fourth: Trade with intention

Finding consistency in trading is one of the most difficult things to achieve which is attempted by many while taken seriously by very few. There is a complete disconnect between expectations of easy money and the actual work required to make trading work. For that reason it becomes easy to aimlessly go through the motions each trading day leaving you with no real progress ever being made as time passes by. Everything you do for your own trading should be done with a certain level of intention. Execute with intention by always having a defined plan and fully committing to it. Journal with intention by never skipping a review on any trades. Be patient with intention by not being fazed about what the market does as you wait. Correct mistakes with intention by working through the discomfort. When you never allow yourself to lose sight of these things, you will always be putting your best effort forward. Anything less is wasted time.

Fifth: Journal your trades

If you have read to this point that means you have actionable goals, are working with one system, have focus on correcting personal mistakes, and approach your trading with real intention. You can now take each of those things and start effective journaling which brings everything together. Journaling is all about self-reflection. While collecting data points is helpful, the real purpose is for dedicating time to actively reflect and review your decisions made during the trading day. This is where you will find your mistakes to correct, parts of your system to refine, and strengths to build on. Every trade, whether a win or a loss, has something of value to take from it which is only brought to light through journaling. It is the boring and repetitive, yet indisputable part of trading.

You now have everything you need so that is what I will leave you on for this year. Trading begins again next week, that is where taking action on these things begins.

[Chukwukere Victory @Trixxie040]

@f3trades @zeussy_mmxm @jme_mmxm @TheOnesThatKnow Nice trade!
Is there a reason you're trading pre-market though?

[Chukwukere Victory @Trixxie040]

@zeussy_mmxm Cleannn... I've noticed you've been trading at pre-session recently. Is there a reason for this?

[Chukwukere Victory @Trixxie040]

@FxN4bz Nice and clean!
How did you know that price won't come back into the OB?

[Chukwukere Victory @Trixxie040]

@SpeculatorFL Love your work Sham!

What HTF Key level is price reacting off of though?

[Chukwukere Victory @Trixxie040]

@Magikz00 @SpeculatorFL So how do you avoid being ts in this kind of market?

[Chukwukere Victory @Trixxie040]

@noah_ict @zeussy_mmxm Nice trade!

What gave you conviction that it wasn't gonna trade below the Breaker. I had wanted to enter but set my limit to the OB and didn't get filled. Any tips?

[Chukwukere Victory @Trixxie040]

@BG_Mmxm I see it now... thanks BG

[Chukwukere Victory @Trixxie040]

@loseyi_Gnf @es_zlatan Recommendation on sources please?

[Chukwukere Victory @Trixxie040]

@es_zlatan I thought so too

[Chukwukere Victory @Trixxie040]

@ICT_STUDENT_FR Love to see it. I got stopped by the stop hunt cos I entered too early. How do you know to enter trades before Market Structure Break?

[Anthony Crudele @AnthonyCrudele]

If you’re a trader who’s having success and making money, you need to keep your head down. Don’t talk about it; keep pressing and saving. This business is different from any other. When you’re doing well, you need to keep pressing and saving because, unfortunately, a drawdown is near and can last longer than you think.

This was difficult for me to grasp because, as a trader who struggled for so long, I couldn’t wait to tell everybody, spend it, get noticed, and feel appreciated for my success.

But that mindset almost broke me.

I didn’t have a plan for success; I didn’t know what to do with the money when I was making it. There are many levels of success that we must go thorough and so much to learn as we grow as traders.

The one thing I’ve seen over and over again is that those who finally make money don’t realize it won't last forever.

We need a plan not just to reach success, but to sustain it and build on it.

Be grateful and humble along the way if you find success, and that will give you the strength to build wealth.

[Chukwukere Victory @Trixxie040]

@TheSoupRoom NQ 2am