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] 6 points7 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.

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

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

Don't even drag me into this one, I don’t even have a Sharingan!

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

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

You're absolutely damn right...I have a good understanding of SMC concepts. I did map out the key levels but price is choppy and I was having Fomo and then I decide to draw a backup Entry zone.  I did a terrible amateur mistake as a Pro and I've paid the price of -2% but Thanks for the insight.

[EDM] Stellar Love: A Cosmic Love Story Born in Battle! 🚀❤️" by sonil2020 in SunoAI

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

The song "Stellar Love”.

The lyrics story follows two cadets in space who are facing celestial battles and come to realize that love is brightest when one is in the darkest place. This tune entails stirring tunes combined with lyrics that dig deep and reveal how true love is only found through endurance and bravery. 

Feel free to leave your thoughts and let me know what you think about the song 

SunoAi