Conor Mcnamara / Profile

while profits can be made, I wouldn't advise shorting the dax, as it can be like running down an escalator that's moving up

It's time to short GER40 again.
15:45 UTC+2

Inducement. The marked areas outline where people think it's a good time to buy, and as a result, they fall victim to the bull trap. The indicator is calculating all of the manipulation areas, with one mode for buy side liquidity, and another mode for sell side liquidity. More info on the indicator soon

Trying the "Premium Discount Array" strategy, and so far it seems reasonable. We sell at the premium prices, and buy at the discount prices. You have to wait for the correction at the premium/discount price before you enter the trade, otherwise you might have a loss if there's a trend continuation

Limit orders that are far away from the current price can get the position liquidated easily. Wait for momentum.. and don't idolize those screenshots people post sometimes of very clean buy and sell trades on the wick. Some of those screenshots could easily be fake.

Sometimes gambling can go in your favor, but the one time I gambled during the FTMO challenge, I lost a good 500 usd. The moment you feel confident that the resistance won't break, it will break. The support or resistance can break any time. Remember that.
I'm back up again by strictly following the strategy, and until now I kept my drawdown under 5%. Don't gamble

the bitcoin direction in the immediate term is up, but the quadratic polynomial calculation is showing that it is ultimately in a bearish trend

This is a nice tool https://www.babypips.com/tools/forex-market-hours

We need to discuss the ambiguous nature of financial news publications. The broker is often releasing the news too us too late, after the fact, after the trend had already concluded (not always did it conclude, but sometimes!) So, as a retail trader, we have to ask what the news should be used for, and what purpose it serves us given that we get it too late. We can't use it for entries - not unless it is very high impact and a longterm policy change. I am now only using any incoming news as a tool to decide whether I could hold a trade or not that I had already entered. I cannot trust incoming news for entries. You will have more luck with a MACD signal than news for entries...because just look at what happened yesterday. They tell us the United States ISM services PMI was below expectations, and when they released this, EURUSD went DOWN instead of UP. Because it had already gone up you see. The trend already ended and bears came back into the market.

Week 1 of FTMOs Trading Challenge... 4 days trading, very bad week to trade, but I still found opportunities

I am a developer, but yet I might buy your products. The world is bigger than ourselves.

High risk manual trading involves some some level of psychopathy.

I have never tried prop firms until now where I took the FTMO trading challenge 3 days ago. So far so good, I don't think it is too difficult

Some days, capturing a good trade is as difficult as finding a date.

Some people say that intraday scalping is for naive people who think it's profitable. It is profitable...but has to be done dexterously, and it is not for beginners. I am still trying to refine my approach all the time. I'm at a point where my entries are actually good, but I still don't trust them, so my error right now is to close positions too soon. Still trying to improve my trading.

I made a new look and feel to the max lot script, which now includes percentage of max input. It's available for free on the seller page

This is a nice trend indicator that comes with Metatrader. It may catch breakouts like CHoCH breakouts.

There are bad indicators out there that have a beautiful appearance but are misleading and dangerous, and there are good indicators that nobody knows about.

There's too much education and articles that can get in the way of actually trading. Trading doesn't require any brains, it just takes understanding and being methodical

Unpopular opinion: Trading is the easiest thing in the world with a good indicator and understanding of price action. Trading will obviously be difficult with no statistical edge, a lot of repainting, and a lot of wild guessing