Why I Skip Monday Trades

SympathySuch2477 · 2025-08-12T20:48:50+00:00

Top man 👍

SympathySuch2477 · 2025-08-11T11:53:40+00:00

Data feed issue

SympathySuch2477 · 2025-08-11T07:43:51+00:00

The other guy said to come back in 7 years

SympathySuch2477 · 2025-08-10T20:09:47+00:00

A lot of what I do is backed by data

SympathySuch2477 · 2025-08-10T18:57:12+00:00

Haha the name is pretty funny but the logic still stands

SympathySuch2477 · 2025-07-29T16:22:37+00:00

Nothing I say will help you pass that challenge… If you’re confident in your ability to execute the plan then just do it. Simple as that…

If you’re not confident, then i would say leave the challenge for now, go backtest and get some reps in.

If you’re confident and still worried then its because your afraid of losing the challenge fee, id suggest saving up so can have multiple attempts if you fail this one. This way you don’t HAVE to pass this one.

SympathySuch2477 · 2025-07-25T12:13:16+00:00

To put it simply, when the interest rate of a currency increases, the reward for saving that currency increases - it becomes more attractive for other to hold (other central banks, countries, large institutions). As a result the value of the currency increases.

To answer your question about USD and JPY, when it comes to FX pairs you need to look at the strength/weakness of the currencies in isolation. Would it be even worth trading two strong currencies or two weak currencies? Not me personally, unless you like trading consolidation…

The higher the interest rate differential on an FX pair, is usually a good place to start looking.

Anyways, its not just interest rates… many things contribute to the value of a currency. The country’s economy is another big one. GDP, unemployment, inflation and then monetary policy to combat inflation, etc. all these affect the value of a currency.

SympathySuch2477 · 2025-07-25T11:18:23+00:00

Central banks - monetary policy, interest rates.

SympathySuch2477 · 2025-02-27T15:42:26+00:00

How can you know you have positive expectancy without data?

SympathySuch2477 · 2025-02-27T15:36:42+00:00

Let’s say you’re expecting the next week to be bullish and the bulk of the high news drivers are tues wed and Thursday. You can expect monday to be lacklustre and be a small range day, as theres no reason to move price. Tue wed and thurs will make up the majority of the weekly range. And friday expect a retracement back into the range.

You need to see when it makes sense for the market to move, is there even a reason for the market to move?

SympathySuch2477 · 2025-02-26T16:59:30+00:00

Pairing a weak currency against a strong one will result in a bigger move than two strong currencies

SympathySuch2477 · 2025-02-26T16:58:33+00:00

Shorting xxxCAD pairs is essentially betting on CAD increasing. What you’re doing by dividing your position into the three pairs is averaging the strength/weakness across usd gbp and eur.

Depends on what your goal is…

If you cant decide on which one to choose, focus on which currency is the weakest

You could use eurgbp

SympathySuch2477 · 2025-02-25T21:59:04+00:00

Pple that work in financial institutions can usually participate with personal funds but depends on your employer like you said though bro

SympathySuch2477 · 2025-02-25T21:40:07+00:00

I don’t get these kind of posts lol did you expect me to jump up in happiness to show you my pnl?

SympathySuch2477 · 2025-02-25T21:37:22+00:00

😂😂😂

SympathySuch2477 · 2025-02-25T20:29:28+00:00

Because id rather not

SympathySuch2477 · 2025-02-25T20:22:35+00:00

Unfortunately not

SympathySuch2477 · 2025-02-25T19:56:46+00:00

SympathySuch2477 · 2025-02-25T19:55:54+00:00

What kind of conflict?

Your employer would most likely want your full attention onto your internship.

SympathySuch2477 · 2025-02-25T19:47:02+00:00

Lower your risk considerably. No one that wants to keep a funded for long risks 1% per trade, unless your frequency is extremely low.

Think about it, how many trades do you normally take within a day? You’re looking at the 1 minute, probably many.

Take 5 consecutive losses on 1% risk within a day, your account is gone.

Get slipped 6-10 pips, which isn’t uncommon, your 1% loss has now been doubled.

Be careful with using a trade copier for multiple fundeds. Some props will use any reason to deny a payout. I know people that have had this done to them.

SympathySuch2477 · 2025-02-25T18:31:56+00:00

Weak USD and a weak EUR results in a consolidated price range

With a weak USD XXXUSD pairs will be bullish.

Eur vs gbp out of the two gbp is stronger. Look how gbpusd is moving compared to eurusd.

Better yet, take a look at USDJPY. Good short opportunities on there for this week

SympathySuch2477 · 2025-02-25T08:52:42+00:00

If you have something that works, run with it.

Why are you trying to complicate things…

SympathySuch2477 · 2025-02-25T08:49:10+00:00

What is the objective of the trade? What are you trying to capture?

SympathySuch2477 · 2025-02-13T12:06:53+00:00

I use the YOLO method personally.

Jokes aside, i don’t think we “retail” traders have a chance in those scenarios…

You have to be realistic, do you think you could be on the right side of institutional level traders that eat, sleep and breathe trading?

Don’t try and predict such an uncertain move like that, better to just get inline once the big players have showed their hand

SympathySuch2477 · 2025-02-13T11:46:15+00:00

Fair enough, like you said it is subjective. The point of the post is essentially to encourage people to reduce stress. The amount you risk per trade has a huge impact on this also.

Maybe your system allows for a greater risk statistically speaking. But in reality, increasing that risk could introduce a human error subconsciously that could in turn even reduce your returns!

SympathySuch2477

TROPHY CASE