u/Available-Bid-6652

So, this might sound like a ton of bullshit for alot. However, this is an approach that personally helped me.

I realized when i was unprofitable. That i always had as a goal to predict price. I wanted to predict where price was going.

I ultimately realized im better off trying to predict which side of a coinflip will face upwards.

So i switched to another approach, which actually helped alot. Some call it reacting to price or whatever. I call it investigating price because it sounds much cooler.

Basically what im saying is: When a significant price move happens, alot of traders try to predict where its bouncing etc. I try to look at cause and will. What caused this, how are people reacting and where does it want to go.

Its sound like i took the word "prediction" and fancied it up. And i might be bad at explaining.

Nowadays i always stay patient until somewhat of a clear move is happening. And i try to find the context behind it. The current narrative and situation. Basically reacting to it. Rather than drawing lines where i think price will bounce, even tho that would have been 10x cooler to be able to do.

Its somewhat of a mindset change i think alot of traders need. And im pretty sure i explained it extremely shitty. But think about it for a while. And it will make sense, hopefully. Probably not.

If this makes zero sense, i apologies for babbling. Hopefully someone can decrypt my language. It might be just be me trying to put words on experience. But im trying atleast.

* This is NOT my Strategy *

I see alot of forex traders in here. And my uncle, the very person who introduced me to daytrading is a fulltime forex daytrader.

He doesn't keep his strategy secret. And its almost extremely boring. But he makes a fulltime income with this. So i thought i could share it and someone might find interest in it.

If someone has questions, feel free to ask and ill try to get an answer from him.

He sticks to only EURUSD.

He uses: ATR, 20 EMA, 50 EMA

First thing he does is: Look at the hourly charts trend. That decides his direction.

He then waits for a signiciant move against his direction. And then a EMA cross-over.

Then on EMA re-test. He enters.

Stoploss is decided on the ATR. If ATR shows for example 0.00016. It's 1.6 pips. Then he times it by 3. So a stoploss of 4.8 Pips.

His RR is a stuck 2. He removes all risk when price has reached 50% of his target.

He also trades normal retracement EMA trades. If the EMA holds. He executes. Same stoploss logic. But a stuck 1RR instead.

His risk management:

1% risk per trade.

If facing more than 10% in drawdown. He lowers risk to 0.5% in order to avoid mental fluctuation.

Thats basically it. I might be missing a few things. And i thought i could come here and share it and someone might find it useful. Some things might also be kinda vague. But what is written above is what ive been told by him. And if someone have questions, ill do my best to make him answer. Hes often busy out on biking trips. So can be quite hard to get his attention at times.

Hopefully someone finds this helpful or interesting.

* I AM NOT IN NEED OF ADVICE *

So, i was just curious. Is there actually any profitable ICT trader in here?

I myself am profitable, but i drifted away from ICT concepts. Just because i realized they make no sense to me personally. Also they added to much noise. Im very sensetive to noise in trading so i eventually stopped using ICT.

I was just very curious. Is there any actual ICT trader here who is profitable? And is so. How did you do it?

Just a question out of boredom and curiousity.

* Im not looking for advice *

So ive seen alot of traders in the community roasting prop firms etc. And it genuinely made me curious as of why?

Im a big prop firm trader myself, been for along time and personally, it's payed of.

Ofcourse im informed that the so called "funded" accounts are also demo cash. They do state that themselves aswell. And being put on an actual. And i also know the industry is very fishy, after all. They profit from loosing traders. However, they also pay winning traders using that money.

The rules are generally relative easy to follow. Ofcourse, it's not easy to be profitable. But i don't see a reason to disregard them. Just like with real trading brokers, you either win or lose. Not much more to it.

So how come so many in here hate on them? Just because you don't agree with their business model?

I personally think they are a fantastic choice for people with low personal capital. Aslong as you stay to the major ones with good reputation and history.

But please, share your opinions! And once again. Im not looking for advice.

Took a forward test today:

https://preview.redd.it/zffquznl6qzg1.png?width=1784&format=png&auto=webp&s=9bdea1902eed96f5e17dc085179a043c0bc93824

This is just the picture of the forward test. I did NOT take an actual trade here. As the conditions for the market at the time as i don't trade these conditions. But it matched up my strategy pretty well and just wanted to check in and see if anyone actually caught a long here? Break out traders perhaps? Just curious in general how people trade in here.

*Im not looking for advice, im a very curious monkey thats all*

Once again, im bored out of my mind. And got curious. Since im relatively new here, i decided i wanted to ask. What do you think about discretionary trading?

It might be a vague question, but i wanted to see if anyone actually had an interesting opinion on it.

Ive seen alot of interesting opinions about it so far. And would love to hear more.

I myself am i discretionary trader, however ofcourse, i do have a framework / ruleset etc.

But please, share your opinions!

So, i was genuinely curious what other profitable traders thought about this. I myself feel like 99% of the trading space is filled with scammers. People who have tried trading, given up and switched over to mentoring instead without ever achieving their own success.

However, i also feel like a small procentage out there, are legit trading coaches and can actually deliver some what efficient help to people. As long as they have provable results to share. And im also aware there are profitable traders out there, which half-ass mentoring to others for extra income.

So i was curious, about what other profitable traders think about this? Do you believe coaching in trading can be helpful? Or are you completely against it?

I just wanted to come on here to speak a little about something that ive recognized ALOT of daytraders trading discretionarly are somewhat not paying attention too.

Framework.

As a discretionary trader myself, i believe that you need to have some sort of framework to help you filter out losses.

Example from my side is:

I use a frame work to know which days i shouldnt trade, which days i should trade. When price is fair to buy and price is fair to sell etc. I won't go into detail. But what im trying to say is:

A framework or rule-set or whatever you might wanna call it. Can come in all different ways. I personally messure volume, condition of the market and categorize it to know if my type of trading should be applied. It also helps me take descisions on when to not long or long in a bullish market, and the same thing for a bearish one. But you have to make the calls on what you need to help filter out.

As a discretionary trader, you should have a framework in place which helps you take descisions. I see alot of people do everything discretionarly. And im not saying that can't work. Im saying it gives alot of room to human error. And building a framework / rules to help you will make the work easier and probably, more precise.

Imagine it as a filtering system to help filter out with long term losses. And as a discretionary trader, you have already chosen a path where mental health, emotional controll, alot of noice etc, all becomes issuess to tackle. With a framework you can follow, you put alot of ease on yourself, remove alot of random descision making. And get more accurate data.

And im not saying that making a framework with rules and criterias to help you make descisions will instantly make you profitable. But what im saying is, it will most likely be more benefitial than not.

I hope someone enjoyed my random rant.

I just wanted to come on here, and maybe share something obvious, yet i know alot of people miss. Something, that took me from a break even trader to a profitable one.

When i was in the break even stage, it became clear that i could generate profit every month. But when i generated 1500-2000$, at that time, with the buffer rules on apt. It felt like to little progress for a month. It felt unproductive. And therefor, i started stressing and forcing trades. And in the end of everymonth, i had removed all my profit. I rarely got a payout.

But then sitting down one evening, i realized. If i knew i could make 1500-2000$ monthly, with patience, and then remove it with stress. Why don't i just skip the stress part?

However, 1.5K still didnt feel like enough, but then something kinda opened my eyes. If i can generate 1500$ per account a month, and be happy with it. Yet, its to little money to be sustainable. Why cant i just scale in with more accounts?

It became painfully obvious that, atleast, in futures daytrading with propfirms. Scaling up is gonna do the heavy lifting from small payouts to bigger ones.

So, i sat on my hands and achieved a 1500$ payout. And used 1/3 of it on more accounts. And continued to do so until i achieved 20 funded accounts.

Now, 1500$, which is like 2 winning trades (if you already are above buffer). Doesn't seem like much. Which is mentally kinda frustrating. But with even 5 accounts. It becomes a bigger deal. And as for winning days, all i did was go down in size, which put less mental effort into it.

Obviously im not telling anyone to throw themselves head first into 20 accounts and yolo it.

Im saying, if your a break even trader, mainly because you stress results, and wanna reach a certain level faster. Let the progress go on, and let scaling do the heavy lifting. And yeah, once your in that transition it feels like absolute slow motion. Like your making 0 progress. But looking back, im very happy i realized that.

Its also painfully obvious, social media, especially in the ICT space, they try to have some d*ck messuring contests by comparing RR and profit amounts on singular trades. But in the end, it doesnt matter at all.

I risk 1% (500$) per trade, avarage RR is 1.5. I take at absolute max 8-10 trades a month, but usually lower. And it's just because i realized how important it is to stay chill, enjoy the process of it all, be patient, and stop thinking about the money. Scaling is natural, and alongside it, money will come.

And for anyone wondering, going from a 1.500$ payout. Into a 15.000$ payout. Took 2 months. But while i was in those two months, it felt like slow motion. And to clarify, it wasnt my first payout.

Also, this will obviously only be helpful if your at a true break even stage, where you get payouts, but inconsistently. And you need to have some type of self awareness going to judge your own results.

I hope someone finds this useful.

Enjoy.

Hello, recently been looking all around the world for places to move. And after visiting Japan for 3 weeks. I decided i wanted to try to live in Japan for a while (atleast 6-12 months). And particullary, Fukuoka.

So i had some questions before i make some type of big leap.

I know extremely little Japanese, just started learning. Also, i am doing my part in trying to research the Japanese traditions / norms aswell. Just preparing to intergrate i suppose.

If someone perhaps could give me a reality check?

How hard is it really to move to a place like Fukuoka? To intergrate and what are the challenges?

Also, how is it getting japanese friends etc? Any particular does and dont's?

Where im from (sweden) you barely greet people. So i have litterly 0 skills in approaching, but i have no idea whats the right move here.

So if anyone could tell me how you gained friends etc, or some general does and doesn'ts it would be much appriciated! All answers are appriciated!