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A THREAD🧵
Lets have a little prop giveaway
But your knowledge will end you this
Just a little quiz
I have 6 lines in this chart
Name them and what entry module i used here then you stand a chance to win
Let’s go
I’ve found the most reliable platform to choose prop firms with the best rules and a user friendly interface
@PropFirmMatch
Find out how to go about it below
A THREAD🧵
A rough week price action still waited for a set-up to present itself and sticked to my rules.
13RRR bagged on EURAUD using
#SBI
and SCOB.
Chart breakdown below 👇
Ending the week with EURCAD
-Entry on QMR’s always
-structure and liquidity 👑
-Trading ranges
-trading zone.
-SBI
N/B: trading zones help us to mark out and select valid poi’s
1:9RRR bagged on USDCAD
ate together with my inner-circle
Confluences on ;
-structure and liquidity
-trading range
-time and price
-SBI 👑
Currently trailing GBPAUD
1:4RRR and running
The power of repetition 🔥
#Simplicity
#SBI
Having a rules that guides you all the time is what keeps you in the game
1:4RRR bagged on USDJPY
-Bullish order flow
-structure and liquidity
-Ranges and zone
#The_SBI
How did you spend your weekend?
I spent mine studying
So I did a back testing on NZDUSD from nov 2023-date
Here is video with scenarios I checked out for
-sweep
-break
-inducement
-entry on QMR
-BB, IMB for continuations
-target on ERL
-SL above or below protected high or low
Trading is not meant to be stressful provided you have a system
Same rule, same entry= same result
✔️structure
✔️liquidity
✔️ranges
✔️QMR
✔️SBI
Check last photo for textbook layout
Officially started for the year.
1:5RRR bagged on GBPUSD.
And 1:6RRR on AUDCAD
Still the old culture
Two lines, one rectangle and a position tool.
Sweep, BOS, range.
Repeat 🔁
EURUSD X USDCAD
1:8RRR X 1:5RRR
Took a loss on the first long USDCAD
Re-entry on SCOB.
Still the old culture
-Two lines
-One rectangle and position tool
-Structure and Liquidity 👑
-QMR
-Time and price
#SBI
For educational purpose
And a prove that there is no strategy has a 💯 win rate
But how you tackle your loses with proper risk management is what keeps you in the game.
Good morning ☀️
EURNZD X GBPUSD
Find a pattern that repeats consistently and stick to it
It doesn’t guarantee 💯 win 🥇
But gives you a trading edge in the market
And your risk management will be your tool for profitability 📊
Ending the week with USDJPY
BB X Inducement 👑
HTF for direction
LTF for execution
Targets on ERL
Having a hard time understanding breaker block
Check my post below 👇
Got a thread on it.
Another day trading with the HTF directional bias.
Knowing the direction of price is key to giving your trading strategy an edge.
EURNZD printed well
Shared bias with my friends on telegram.
HTF for direction
LTF for execution
PRICE IS FRACTAL
Meaning same model or set-up you see on the HTF occurs on the LTF.
WHAT SHOULD YOU DO WITH THE INFORMATION;
So basically I use my HTF for my directional bias and await a sweep of LQ
Then scale to my LTF find same model and bank on it.
1:3RRR always
#SBI
Dropped this as a call on big Dexter channel on discord and my innercircle on WhatsApp.
1:3 always ✅
The power of Repitition 🔥
#structure_and_liquidity
👑
So I basically got my analysis from just structure and liquidity on the LTF.
Had my trading range from A-D.
Spotted my Liquidity in the range.
And why not 🚫
I had to bank on it.
Having my sweep, BOS and inducement(SBI).
So here is a chart example of a short I caught on GU
MY APPROACH:-
-Scaled to my HTF to know my trend
-I know I should be looking for sells
-Waited for a sweep of LQ on the HTF,
-Scaled to my LTF and found my trading set-up
-I had to bank on the expansion or reversal.
NOT EVERYDAY IS A GOOD DAY SHOW UP EVERYDAY
As a trader not you don’t get to win everyday, loses are inevitable, some days you don’t find any set-up, and others days you have a crazy win rate
Applying proper RM in your win days is what will keep you in the game in the long run
Patience seems to be the hardest part of trading
Imagine waiting for days for your trade to triggered and price ends up missing it🤧
Had an re-entry on SCOB
1:10RRR bagged
#SBI
>>
Things to look out for when spotting a breaker block;
-inducement
-BOS
-current market trend, so as to know if your BB serves as a reversal or continuation of MS
-Premium and discount zone, premium zone for buys and discounted zone for sells
What is a break block?
A breaker block is formed when the market structure changes, and there was liquidity taken as a result. As the market structure changes, the orderblock fails, resulting in a breaker block
So I marked up my set-up
The normal 2 lines, 1 rectangle and position tool 🔁🤗.
Entry always on QMR or QMS 👑
Having my inducement which gave a BOS.
And acted as a protection to the main high.
So here is a chart example of both bullish and bearish scenario of a breaker block.
Inducement is also key a factor I check out for when marking out my breaker block.
Which I expect price to take them.
I have been inactively trading for a week or so due to a tech project I am working on(still on it tho)
USDCHF Projection dropped on my telegram channel, playing out nicely.
1:3RRR keeps sapa away.
Link to group is below ⬇️
#simplicity
#SBI
So my target was on liquidity, which gave me a 12.35 RRR.
But I was just looking for a 10RRR trade.
So I closed the trade at a 1:10RRR.
N/B: exist points plays a vital role in our analysis, most people have a nice entry without a good exist plan, so always have target 🎯 plan.
WHAT DO YOU DO WHEN PRICE ACTION IS MESSY AND YOU AREN'T SEEING ANY CLEAR ENTRIES?
For me it all boils down to patience and discipline sticking to your trading system and rules regardless, so last week price action was messy for my trading strategy for pairs on my watchlist 😔.
USDCHF
daily time frame outlook
Shared the buy with my friends on telegram
Awaiting the sell
After the sweep of LQ on the DTF
I will scale down to the LTF and look for my set-up to bank on
HTF for direction
LTF for execution
#NFA
In trading your directional bias is key 🗝️,
Trading with directional bias, is trading with expectation that price will move in a particular direction
So let's say we are in a bullish scenario and your storyline is bearish, you are definitely going to be stopped out that day 😔.
What pair are you back testing this weekend?
Or are you just waiting for a new week to begin and continue the struggle?
Back testing is all about collecting past data about your strategy and system, which gives you the push to fully bank on a set-up when seen due to past data.
So first thing you look out for is looking at your HTF to know your overall market trend and come to your LTF current price action and look at what the price action is.
Took a loss today on USDCAD.
Had to study why.
I ignored my time and price confluence, And counter traded the Judah swing which created a bullish scenario.
Losses are inevitable ✅
But what do you do when you take a loss is what matters.
We move to the next🤝
1:3 RRR always✅
Two lines
One rectangle tool
And a position tool
#simplicity
#the_algo_trader
Things I looked out for this trade;
-A sweep of market previous low
-A BOS to the upside
-Asia session(Judah swing)
-Structure and Liquidity 👑
-Entry on QMS(QMR)
-Target 1:3 and out
HOW TO DETERMINE YOUR DIRECTIONAL BIAS/STORYLINE
Your storyline is identify by a reversal or breakout. You either expect price to respect or take you out.
We have sessions and kill zones
Kill zones brings about volatility in price and are often 1hr before the main session.
We have lot of sessions but I pay attention to basically just 3
-Asia session
-London session
-New York session
Which I will explain below 👇
Directional bias is very key in price action analysis
Once you know where price is heading to
You can risk with confidence
1:10RRR bagged on NZDUSD
HTF directional bias
LTF execution using SCOB
#SBI
How do you identify a breaker block?
The last break of structure whose order block failed to hold. Most times which are reversal OB, tends not to hold so as to be incline with the market current trend to give a continuation trend.
JUDAH SWING
When Asia consolidates, London seek to take out the high of the range in a bearish day before coming to take the low of the range.
In a bullish day, London seek to take out the low of the range before the high, then we have the distribution during New York.
The power of Repitition🔥.
So many at times traders come to the market with different entry modules everyday to forecast current price action.
Some of which do not stick to their trading system which is being backtested.
How to establish a directional bias is through price action analysis(technical analysis), indicating either a bullish or bearish directional bias.
Once your directional bias is wrong, your whole technical analysis is going to be stopped out no matter how swift the analysis is.
USDCHF
daily time frame outlook
Shared the buy with my friends on telegram
Awaiting the sell
After the sweep of LQ on the DTF
I will scale down to the LTF and look for my set-up to bank on
HTF for direction
LTF for execution
#NFA
When building a storyline sweep of liquidity matters.
After the sweep of LQ on the HTF,
Scale to your LTF for execution.
-HTF for directions
-LTF for executions
Making use of top-down analysis.
So my SL pip size was kinda much for me
gave me a lesser RRR.
So I decided to wait for price to get to my entry zone and made use of SCOB for my entry. Which gave me a lesser pips SL and a bigger RRR. Sounds greedy, no it's all RM 🥂.
LIST OF TRUSTED FIRM AND COMPARISON TOOL
@propfirmmatch
only works and list reputable and trusted firms on there platform.
You can also use the feature called “Funded Trader Reviews” this allows you to give reviews on the prop firms listed.
Time and price/Judah swing is a concept.
Applying it to your trading system is what makes it efficient.
For me it serves as a confluence to my;
-Range
-Structure and liquidity 👑
#SBI