Aliassmith Beats a "Dead Horse"

[aliassmith]

I have accounts with both. MFF offers different accunts. The super expensive one is like 5k, but you can build it up to 2 million. You can buy 2 of those. i have 3 of their 200k accounts and 2 200k accounts with FTMO that will eventyally be 800k. Its really crazy the money they are willing to stake you. 5% let you buy 3 of theirs and you can build those to 2.25 million i believe. You can easily get over 10 million AUM. But it really is more suited to sclapers which is why im trying to learn. But i just cant figure s**t out.

What's there to figure out? Just use smaller time frame with the exact same strategy. That's it

I used to do something similiar. i watched up to 40 different instruments, mark out the HTF levels and then switch to the lower time frame and take those trades. it profitable, but freaking exhausting. Would be alot easier to just watch 2 pairs and take a few trades a day of them like yourself, Alais and Pro

I watch DOW, SP500, GOLD, GBPUSD, and EURUSD.
They give adequate amounts of trades on the M1 and M5 charts.
Trade no more than 4 hours a day. My average hours per day have been around 2 recently. Enough opportunities to make $2 million a year off that free risk FTMO account.

Another place called mentfx has big money available also. $1 million account evaluations with 10% target no time limit. Another place to duplicate your swing trades.

[Mr. Hyde]

What's there to figure out? Just use smaller time frame with the exact same strategy. That's it

I used to do something similiar. i watched up to 40 different instruments, mark out the HTF levels and then switch to the lower time frame and take those trades. it profitable, but freaking exhausting. Would be alot easier to just watch 2 pairs and take a few trades a day of them like yourself, Alais and Pro

I watch DOW, SP500, GOLD, GBPUSD, and EURUSD.
They give adequate amounts of trades on the M1 and M5 charts.
Trade no more than 4 hours a day. My average hours per day have been around 2 recently. Enough opportunities to make $2 million a year off that free risk FTMO account.

Another place called mentfx has big money available also. $1 million account evaluations with 10% target no time limit. Another place to duplicate your swing trades.

Seriously. Thanks for all the info. I appreciate it

[Don_xyZ]

I watch DOW, CRUDE OIL, E/U, and GOLD but I only trade the hot item of the day/week/month. So if gold is the hot item for today then I will only trade that thing and ignore the others. This way I can concentrate on only 1 thing for the whole day and go big bang with the lot sizing and do profit management aggressively (or not, depending on the market read at the time of trade).

On a lazy day though, I just look at E/U and trade that LOLZ

[aliassmith]

I watch DOW, CRUDE OIL, E/U, and GOLD but I only trade the hot item of the day/week/month. So if gold is the hot item for today then I will only trade that thing and ignore the others. This way I can concentrate on only 1 thing for the whole day and go big bang with the lot sizing and do profit management aggressively (or not, depending on the market read at the time of trade).

On a lazy day though, I just look at E/U and trade that LOLZ

I traded CRUDE OIL futures a few years back.
I just started trading GOLD recently because I had a hard time getting a feel for it before.
Someday I might need to go back to using my own cash and trade futures again if the options don't call to me first.

Today was productive on the DOW and EURUSD
4 winning trades <- that's a lazy day for me and I'm taking tomorrow off.

[prochargedmopar]

I have accounts with both. MFF offers different accunts. The super expensive one is like 5k, but you can build it up to 2 million. You can buy 2 of those. i have 3 of their 200k accounts and 2 200k accounts with FTMO that will eventyally be 800k. Its really crazy the money they are willing to stake you. 5% let you buy 3 of theirs and you can build those to 2.25 million i believe. You can easily get over 10 million AUM. But it really is more suited to sclapers which is why im trying to learn. But i just cant figure s**t out.

What's there to figure out? Just use smaller time frame with the exact same strategy. That's it

A lot of people I've come across can't handle the speed at low timeframes. It took me awhile to realize M1 isn't noise. A day or 2 ago i was watching M1 and for some reason I thought it was M5

Hahahaaha, Been there, Done that MANY times.
All of em look the same in reality.

[prochargedmopar]

What's there to figure out? Just use smaller time frame with the exact same strategy. That's it

A lot of people I've come across can't handle the speed at low timeframes. It took me awhile to realize M1 isn't noise. A day or 2 ago i was watching M1 and for some reason I thought it was M5

True that. In M1 you have to be very decisive. If not, you're left behind and miss the trade opportunity because this is how they have their trading strategies designed. No flexibility. Also, they have no grasp of what multi time frame means. For the MTF means using 2 or 3 "separate" time frames and then try to find "confluence". Time is always now, you just need to bring the price up to speed. The smaller time frames drain a lot of energy and the majority don't have enough energy tank to go through a rigorous 4 hours of M1 candles, not to mention 8. The big tf is the domino effect of the smaller tfs how could it be noise? When the big institutions enter the market they do it now. They might drip the huge chunk into pieces over x period of time but every time they do it it's always now. Any spike that happens on the smaller tf is due to low liquidity (imbalance) at that period of time, nothing else.

Not if you ask ICT.
Says doesn't matter who buys/sells, market will be price exactly where the "algo??" wants it to be priced.
You should see some of the "TIME" threads in the mentorship. s**t is getting ridiculous.
These dudes know exactly when to the minute that direction will change. Guess I need to study a couple of those threads. hahahahaaha

[Don_xyZ]

A lot of people I've come across can't handle the speed at low timeframes. It took me awhile to realize M1 isn't noise. A day or 2 ago i was watching M1 and for some reason I thought it was M5

True that. In M1 you have to be very decisive. If not, you're left behind and miss the trade opportunity because this is how they have their trading strategies designed. No flexibility. Also, they have no grasp of what multi time frame means. For the MTF means using 2 or 3 "separate" time frames and then try to find "confluence". Time is always now, you just need to bring the price up to speed. The smaller time frames drain a lot of energy and the majority don't have enough energy tank to go through a rigorous 4 hours of M1 candles, not to mention 8. The big tf is the domino effect of the smaller tfs how could it be noise? When the big institutions enter the market they do it now. They might drip the huge chunk into pieces over x period of time but every time they do it it's always now. Any spike that happens on the smaller tf is due to low liquidity (imbalance) at that period of time, nothing else.

Not if you ask ICT.
Says doesn't matter who buys/sells, market will be price exactly where the "algo??" wants it to be priced.
You should see some of the "TIME" threads in the mentorship. s**t is getting ridiculous.
These dudes know exactly when to the minute that direction will change. Guess I need to study a couple of those threads. hahahahaaha

There are freaks out there, no doubt about it.

[aliassmith]

I didn't trade today.
Here is my humble analysis of today's action.

1st chart is GOLDM1. Looks like I would have held a trade for 2 minutes for $1

2nd chart is SP500M5. Looks like 2 short for DEADhorse, looks like a 8R day for this Index

3rd chart is EURUSDM1. All the trades were based off of the M5 bias (shorts only)
There were 4 trades total with risks of 1 pip to 2 pips
There were 3 wins and 1 loss and looks like a 9R day for this pair.

17R day plus a GOLD scalp
Using 1% risk!!!
FTMO would have been pissed off paying out $72,000 in a day.
They don't seem to "mind" paying out $100k in a month
I guess I'll have to call that a good day that never happened.

[aliassmith]

I didn't trade today.
Here is my humble analysis of today's action.

1st chart is GOLDM1. Looks like I would have held a trade for 2 minutes for $1

2nd chart is SP500M5. Looks like 2 short for DEADhorse, looks like a 8R day for this Index

3rd chart is EURUSDM1. All the trades were based off of the M5 bias (shorts only)
There were 4 trades total with risks of 1 pip to 2 pips
There were 3 wins and 1 loss and looks like a 9R day for this pair.

17R day plus a GOLD scalp
Using 1% risk!!!
FTMO would have been pissed off paying out $72,000 in a day.
They don't seem to "mind" paying out $100k in a month
I guess I'll have to call that a good day that never happened.

Considerations when you trade this tight.
Look at EURUSD with 2 pip stop loss.
If you want to risk 1% of a $400k account that would be $4000.
That would also be $2000/pip.
That would also be 200 lots or $20,000,000
You would need over 50x leverage to do this trade.

Now to get to 1 pip = 1% you will need over 100x leverage.
To get 3 pips = 1% you will need over 33x leverage

Remember the days when we thought 5 pips = 1% was crazy talk?

I really don't mind setting it up with 5 pips = 1%. You can still close when you are down 1 to 4 pips. I know I am conservative but 10 pips a day is still 40% a month.

The EURUSD alone was about 12 pips for 2%+
Add in the other 2 charts thats total over 5% in a day.

Now you are talking 100% in a month.
On that FTMO account $300,000 net gain.
If you have already passed your 1st up grade $450,000 net gain.

[aliassmith]

Rough day started the first 3 trades with losses.
2 normal and 1 small (2 of these actually saw decent profit and I got greedy)

Scalped $12(120 ticks) on GOLD
9 straight wins
So, it turned out green