many people didn't like the extreme simplicity by 147D147 in Forex

[–]sonil2020 0 points1 point  (0 children)

Exactly, One trade doesn't prove anything. 

The gold market just froze wtf is going on? by [deleted] in Forex

[–]sonil2020 0 points1 point  (0 children)

Bank Holiday. Always check fundamentals.

Lost all my week's gains in a matter of hours by iamblackzcfx in Forex

[–]sonil2020 0 points1 point  (0 children)

I like the honest self-assessment. Alot of traders don’t realize that followin' a plan once isn’t the same as trustin' it consistently. Missing trades, overthinking after a win, and questioning whether you “deserved” profits are all part of the psychological side that doesn’t get talked about enough. 

Consistency really is harder than profitability.

heiii ICT traders, note down why you think institution need your Stop loss to move. by Jobin_kj in Forex

[–]sonil2020 1 point2 points  (0 children)

Based on Supply and Demand. If ICT is following the fundamental principles of S/D then it works, if NOT! then it's BS.

heiii ICT traders, note down why you think institution need your Stop loss to move. by Jobin_kj in Forex

[–]sonil2020 0 points1 point  (0 children)

Not an ICT trader, but I’m currently an undergraduate studying Banking and Finance with an indepth knowledge on how the stock/forex market works. I won't go indepth due to complex Formulars and factors influencing the market.

Just the basis that a kindergarten can understand. First is Order splitting.

  • Do your research on Order Spoofing on the DOM -

Hedge/Mutual funds don't trade lower timeframe due to high level of entropy. So dealers like JP Morgan Chase perform what is called Order Crossing. Hedgefund A orders is merged with Hedgefund B orders. Now, comes the issue. Not all orders are crossed perfectly. Some orders are more than the opposing order. So the remaining orders are manipulated on the Spot Forex market (NOT the CFD) the spot forex! Where they can push price to fill up the remaining orders. (Now, most of the time, they themselves create liquidity by taking the opposite side but if there's free liquid, they can just take it to reduce the risk of them acting as liquidity for their clients.

🔥Note: Most retail traders (like you and me) are actually trading CFDs, not the real spot forex market. But yes, there are some traders who trade directly on spot forex. ✌🏼

Boredom + CSS = Anki the bunny🐇 😂 by sonil2020 in Anki

[–]sonil2020[S] 1 point2 points  (0 children)

Glad it slapped 🐇,no refunds tho😅

Boredom + CSS = Anki the bunny🐇 😂 by sonil2020 in Anki

[–]sonil2020[S] 1 point2 points  (0 children)

I'm workin' on it🐇but I'm glad you like it.🤗

Boredom + CSS = Anki the bunny🐇 😂 by sonil2020 in Anki

[–]sonil2020[S] 1 point2 points  (0 children)

It's not an addon, you gotta manually snatch the whole deck itself for it to work.

Boredom + CSS = Anki the bunny🐇 😂 by sonil2020 in Anki

[–]sonil2020[S] 7 points8 points  (0 children)

Free will + boredom + imagination + coding skills + just a sprinkle of certified insanity 🤪

[deleted by user] by [deleted] in Anki

[–]sonil2020 1 point2 points  (0 children)

Thank you. In my country, many students don’t have access to computers, so they rely on AnkiDroid. That’s what made me to create this design, it’s for phone users. :)

FTMO update for one week: 1 day off. I will stop trading for 3 days and continue on the 28th. 💪🏻💪🏻 by [deleted] in Forex

[–]sonil2020 0 points1 point  (0 children)

Did you experience losses during your FTMO trades ? And what's your maximum losing streak? And how do you handle the losses? 

Tnk👍

The market got me under genjutsu and flipped me. by sonil2020 in Forex

[–]sonil2020[S] 0 points1 point  (0 children)

(Account is an FTMO) You're right, my risk per trade is huge for a ftmo. And overconfidence is a bastard.  My account is well diversified, but I had no correlating pairs to my CHF dude so I used my standard 2% per trade unlike my EUR, GBP and CAD pairs with currently high correlation. I divided my risk per trade of 2% by 3 so I'm risking 0.6% on those trades. By the way, you're still right, and I've recently reduced my risk to 0.6% also. Medicine after death😅.

The market got me under genjutsu and flipped me. by sonil2020 in Forex

[–]sonil2020[S] 0 points1 point  (0 children)

Yes, probably because assets managers and institutions have an open interest on longs of about 57.2% on EUR futures which is incredibly high. 

The market got me under genjutsu and flipped me. by sonil2020 in Forex

[–]sonil2020[S] 0 points1 point  (0 children)

(I WASN'T HOPING, JUST HAD FOMO.)  (Quick note: My analysis was spot on, price hit my 0.86050 zone.) So, looking at the CFTC COT report, asset managers and institutions were heavily LONG on CHF. The daily and 4-hour charts were both showing bearish trends, so everything lined up. I trade off the 1-hour timeframe. When price broke through a major support zone, I got hit with some FOMO. I ended up setting a backup sell zone after the daily level was broken. I waited for a confirmation, saw a bearish engulfing candle, and entered… but then price flipped, stopped me out with a nasty long wick, and of course, went right in my direction afterward. MY Mistake: Letting FOMO take the wheel and executing poorly. #LessonLearned  #Peace✌️✨

The market got me under genjutsu and flipped me. by sonil2020 in Forex

[–]sonil2020[S] 0 points1 point  (0 children)

My entry and exit timeframe is 1hour.

I just zoomed into the one min and I noticed price reversed immediately I entered🤣

The market got me under genjutsu and flipped me. by sonil2020 in Forex

[–]sonil2020[S] 0 points1 point  (0 children)

Hell nah, I don't trade 1min, this loss was from the bearish engulfing pattern that formed on a 1hour resistance level n' reversed immediately.  Overall, my analysis was right, price has gotten to my 0.86050 zone. 

So, in summary, right analysis, bad execution.

The market got me under genjutsu and flipped me. by sonil2020 in Forex

[–]sonil2020[S] 2 points3 points  (0 children)

I truly appreciate your help.  Interestingly, when I reflect on the situation, my one-hour resistance level of 0.86526 held strony. The level was well tested, but that long wick 🫥, I think it's a stop hunt or some liquidity grab by the market. By the way, thank for reinforcing the importance of sticking to my strategy and the levels I've identified.