MEGA THREAD of Educational Threads, Templates, and Tips that I've made so far🧵
My content is made to bring value to the community and I do it all for FREE so a like & retweet goes a long way as it would be much appreciated, enjoy🧡
Thread on How I Use Each Timeframe to do a Top Down Analysis for Creating Weekly & Daily Biases🧵
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My top down analysis starts on the weekend after I get a weekly close. First thing I do is look at HTF charts to see if I can create a bias for the week. I am not looking for where price is going to close. Im looking if it's going to go higher or lower than the previous week.
I start with higher timeframes then work my way down. The first timeframe I look at is the yearly chart (12 month chart). Because I'm a day trader i'm obviously not looking at the structure on this timeframe, what I look for is where price is in regards to the yearly open.
Thread on External vs. Internal Liquidity, Dealing Ranges, and how to find the Draw on Liquidity🧵
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External & Internal Range Liquidity will depend on what type of trader you are because each type of trader's dealing range will be different based on the timeframe that you are looking at.
For me as a day trader, my external range liquidity is usually the previous day's high & low, Intraday high & low, or the session high and low from Asia, London, or New York. The timeframe that im looking at is M5/M15/H1 to find external & internal liquidity.
Before I place a buy/sell order, this is the checklist that I use to find high probability setups. My trading journal is built off of this checklist.
The 1st & 2nd categories of my Notion Trading Journal Template is the 'Trade' & 'Date'. It's important to keep track of how many trades you take and list the date of each trade so when you want to review a trade or backtest that specific day you know exactly what day to go to.
Started the 100k @MyFundedFX Phase 1 Challenge this past week and so far took 4 total trades. Been a difficult week for me as I had two trades in profit almost hitting TP just to get stopped breakeven. Had 1 loss today and 1 winner to mitigate the loss. Will call it a week now… twitter.com/i/web/status/1…
All trades are posted live in real time for lifetime members only.
Here's a thread of tips to help you pass funding challenges🧵
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Before you buy or start a challenge you must have an edge. If you're not profitable either on live or demo then there's no point of taking a challenge because if you can't do it on your account, what makes you think you can do a challenge account when there are stricter rules.
If you don't have an edge then establish it by backtesting and collecting data. Here are some results from my backtests. Collecting data will give you the confidence you need to take a setup when it forms. Start backtesting to avoid second guessing. Trust your system and data.
Thread on Market Structure, Market Structure Shifts, and the Difference Between Displacement vs. Inducement🧵
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Market Structure is the current orderflow of the market represented in a series of either higher lows & higher highs if bullish, or series of lower highs and lower lows if bearish. An uptrend is bullish orderflow while a downtrend is bearish orderflow.
Market Structure can show different orderflow depending on what timeframe you're looking at so for an example, market structure on the M1-M5 timeframe may be bullish but within H1 timeframe, the HTF may show that market structure is bearish.