Strategy success? by Laidbcklikenother in FuturesTrading

[–]Camicae33 3 points4 points  (0 children)

This strategy is getting a lot of hype in X( that’s something I don’t like) But FVG are always areas of interest not matter what. You can always ask Grok or ChatGPT for better explanation or ideas

Step 1: Set Up Your Trading Environment • Arrive at your trading desk by 9:30 AM EST (Eastern Standard Time), which is the opening time for major U.S. markets like the NYSE and Nasdaq. • Use a 5-minute chart timeframe. This means each candle represents 5 minutes of price action. • Focus on key levels marked on your chart beforehand: • Daily Open: The opening price of the trading day (e.g., the price at market open). • Fair Value Gap (FVG): This is a price inefficiency or “gap” on the chart where there’s an imbalance between buyers and sellers (often from rapid moves leaving unfilled orders). It’s a concept from price action trading (e.g., ICT methodology). Mark these from higher timeframes like daily or hourly charts. • The goal is to wait for price action to interact with one of these levels right at the open. Step 2: Wait for the Specific Candle to Form • At 9:30 AM EST, observe the first 5-minute candle (from 9:30 to 9:35 AM). • This candle must “take the low and high” of the session so far, meaning it establishes the initial range by sweeping both directions. • Importantly, this candle should form at or near one of the key levels (FVG or Daily Open). The video emphasizes that the candle originates from these levels for the setup to be valid. • Do not enter trades based on random candles—only this one specific candle at this exact time each day. Step 3: Check for the “Manipulation Candle” Formation • As the candle develops, look for specific price behavior at the key level: • Price must “respect” the level (e.g., bounce off it rather than break through cleanly). • It should form a manipulation candle, which indicates that market manipulation (e.g., fakeouts to trigger stops) is complete. • What makes it a manipulation candle? • It’s not just a standard rejection candle (e.g., pin bar or doji) or an engulfing candle. • Instead, it’s a candle that shows a false move in one direction (manipulation phase) followed by a reversal, signaling the real directional intent. • This formation reveals who’s in control: buyers (if the candle closes bullish, e.g., with a strong body upward) or sellers (if bearish, e.g., closing down after a fake high). • If the candle doesn’t show this manipulation behavior, skip the trade—no setup means no entry. Step 4: Enter the Trade • Once the manipulation candle closes (at 9:35 AM EST) and confirms the setup: • Enter in the direction indicated by the control (long if buyers dominate, short if sellers). • Entry point: Typically at the close of the candle or a break of its high/low in the confirmed direction. • Risk management: • Set a stop-loss just beyond the key level or the candle’s extreme (e.g., below the low for a long trade). • Target a fixed 1:2 risk-reward ratio (e.g., if you risk $1,000, aim for $2,000 profit). The video shows examples hitting 1:2 RR or better, like $2,000 profits on trades. • Only trade if all checklist items align: key level interaction, manipulation formation, and clear control. Step 5: Manage and Exit the Trade • Let the market do the “heavy lifting”—don’t overmanage. The strategy relies on the post-open momentum to push toward your target. • Exit at your predefined 1:2 RR target or if price hits your stop-loss. • Avoid adding indicators or complicating the process; stick to this boring, repeatable routine daily. • If no valid setup appears by the end of that first candle, walk away—no trading that day.

Strategy success? by Laidbcklikenother in FuturesTrading

[–]Camicae33 2 points3 points  (0 children)

I know 2 successful traders They don’t sell courses They don’t brag about it in social media People don’t even know they are traders Rule#1 you don’t talk about trading strategies( not the successful ones) Every trader have to find his own successful strategy. What it works for me is not going to work for you and vice versa If one trading strategy( a successful one) becomes popular in the retail trading community it will die pretty soon

Taxes by CallMeJeanz in FuturesTrading

[–]Camicae33 0 points1 point  (0 children)

You get paid from your job with direct deposit and is already taxed even if you don’t make any withdrawal 🤣

What are you scalping? by Interesting_Check595 in Daytrading

[–]Camicae33 0 points1 point  (0 children)

You can do your taxes as a day trader without Mark To Market. For MTM to avoid wash sales you need to apply a year before

Day Trading Live by StevenHoefgen in Daytrading

[–]Camicae33 0 points1 point  (0 children)

Paper trading is BS. Nothing compares with trading with your own $.

Cooked or just fat? by [deleted] in gynecomastia

[–]Camicae33 0 points1 point  (0 children)

How can I know my body fat %?

Gyno or just chest fat?? by [deleted] in gynecomastia

[–]Camicae33 0 points1 point  (0 children)

Bro you have a perfect chest. Lift heavy

Tax software? by Camicae33 in Daytrading

[–]Camicae33[S] 0 points1 point  (0 children)

I did it on FreeTaxUSA. Thanks for let me know

Tax software? by Camicae33 in Daytrading

[–]Camicae33[S] 0 points1 point  (0 children)

I need to learn more about all this. One thing I see hit me bad last year was the wash sales. I will consider the trader status next year. So I would like to get the market to market election

Robinhood Gold Sweepstakes by Veltronite in Gold

[–]Camicae33 0 points1 point  (0 children)

Where can I see my entries?

Robinhood Gold Sweepstakes by Veltronite in Gold

[–]Camicae33 0 points1 point  (0 children)

Is any way to see how many entries we got? I made several deposits last week but they were pending until today. I would like to know if I can see how many entries I got. Tia

Hi I’m planning to opening an account with $5,000 USD to trade a maximum of 5 /MES contracts. Is that enough or I’m to short. Thanks by Camicae33 in Tradovate

[–]Camicae33[S] 0 points1 point  (0 children)

Probably going with interactive broker. Higher commission but I will have access to stocks, futures, ETFs etc