In 2020 I first gained an interest in the markets when I saw it crashing on tv because of covid. At that time I was 20 years old. I was doing college part time and was blessed to have a dream job with a Design & Build firm. Out of high school I worked a 9-5 for 2 years.
During those two years I worked in the construction industry as project manager & designer for interior and outdoor living spaces because I wanted to learn more about real estate.
When covid happened I was lucky enough to have some money from my 9-5 saved up so I started investing primarily and doing swing trades here and there. In the beginning it was all good because market was making new highs everyday so it was all sunshine and rainbows.
When we got into a bear market that was when I realized I had to switch strategies because all my positions where buy and hold long term companies and swing trades but only on long side.
A couple months went by and I was still struggling but then I learned about #TheStrat. Since then a switch flipped and I began to understand price action and why price moves and where it moves to. I learned to play both on the long and short side. Thank you @RobInTheBlack
When I was trading #TheStrat in the beginning it was mostly options but one thing that I didn't like doing was scanning for different stocks to trade. Scanning through hundreds each night to see which one is the best setup for the next day.
I didn't think I would be able to scale my trading long term to where I would want it to be with this strategy of scanning for hundreds of stocks each night so my close friend from high school @_traderAP traded $ES so I started to only watch ES & NQ DXY only everyday.
Did that for a few months then saw smc from @I_Am_The_ICT on twitter beginning of 2022 and I quickly became very interested because of the precision of smc.
A few weeks went by and my 22 birthday was coming up in March 2022 so I decided to sell my car to move to Europe to switch studying environments until I finished learning ICT concepts. At this point I had quit my job and dropped out of school.
I ended up staying in Europe for 6 months learning ICT concepts and on the 6th month I learned about the prop firm industry from @_traderAP@paladinbhutia@OmarAgag6.
My first challenge was a 10k FTMO challenge. I passed phase 1 and as soon as I passed it I rushed it and started phase 2 and got chopped up in a consolidating market. I was forcing trades and quickly got into drawdown, couldn't get out as time was running up so I failed phase 2.
Second time around I bought a 100k challenge because if I passed phase 1 i know I can do it again on larger account because my system is taking the same 2r setups so I look at percent wins and losses not amount of $$$ made or loss.
I was up about 4% on phase 1 then started to run out of time. Tried to get to 5% so I could get extension but couldn't so I did a free repeat and I failed it because I started out with losses and the stress from time limit kept making me force trades so I failed.
That was when I saw @MyFundedFX come out with no time limit challenges. I immediately bought a 200k because I backtested and trusted my system and within 2 months I have passed phase 1 & 2 to become 200k funded with them.
My next plans are to get payouts and while I wait for payouts I will do other challenge accounts to stack accounts as my goal is 1M in funding. I come from a family with refugee parents so this truly is a blessing. My vision is to improve my edge everyday and help the community.
Final thanks to the following mentors that greatly helped me along my trading journey @I_Am_The_ICT@RobInTheBlack@markminervini@_traderAP and thank you everyone for your support on Twitter and Discord. This is just the beginning and a new start to the next chapter of my life.
If you're interested in following along closely to my trading journey here is a link to my Discord server: launchpass.com/dangstrat/gold
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Keep it simple. Price moves towards liquidity or imbalances in the market based on time. Trading nowadays almost all of it is fully automated with an algorithm and for algorithms to work it has to run on time first because you have to tell it exactly when to buy and sell.
Liquidity is where people have their buy and sell stops. When you look at a chart the first thing you should ask yourself is "Where is the largest pool of liquidity?"
First my Draw on Liquidity has to be clear. What makes it clear for me is if there's EQH or EQL and a low resistance liquidity run to those EQH or EQL and that it's in alignment with my weekly and daily bias and where I think price is going to go off W/D charts.
Here is a trading psychology tip that has significantly helped me recently:
A Thread 🧵
Maybe it works for you, maybe it doesn’t.
I wake up every morning NOT excited to trade and shift my focus on being excited to tape read. I tell myself before the day starts that I’m not interested in taking any trades unless I see a setup that has been forming going into the day
One of the reason why traders make dumb mistakes is because they get excited to trade as soon as they wake up before even looking at the market. When you do this you will think that every setup is an A+ setup and then all you end up doing is forcing trades under poor conditions.
2/ Start by looking at HTF charts (D, W, M, Q) on the weekend to create your weekly bias. Need to have a clear DOL for a good bias. If there's news then positions are closed positions before drop because you dont want to have bias going into news. After then you can reevaluate.
Here's how to use the Asia, London, and New York sessions to create your daily bias:
Thread🧵
♥️ & 🔁
For classic buy & sell days it tends to start out with accumulation in Asia which creates your range. During London you want to see a deviation of the range which is the manipulation before expansion in NY. These are the my favorite days to trade. One can look at this as AMD/PO3
This profile is another trend day template but instead of consolidation in Asia, Asia is an expansion move and then you're looking for continuation in NY in the direction of the order flow from Asia. Look at M15/H1 structure and look for LTF reversals.