ive been facing lifes challenges for some time now, i cant stick to my pc long enough, just trying my best to catch up
can you share the Hooligan link plsODJ wrote: Sat Dec 14, 2024 2:35 am
The secret of success in trading is understanding the Principle of COMPOUNDING
Start with a very small equity (money you can afford to lose...let's say $1,000)
Open a micro account and start trading micro-lots (increments of .01, .02, .03)
Aim to make daily profits of $(20, 30, 40)
Don't be discouraged by the initial small daily profit of $20
(The skill required to make $20 is the same level of skill required to make $200 and $20,000...It's only the lot size that changes)
Grow the account until it doubles or triples.
Then start trading micro lots (increments of .1 .2 .3)
When the account grows sufficiently, take out the initial starting capital of $1,000
(You're now trading with free money...Market's money)
Then start trading with standard lots (increments of 1, 2, 3)
Aim to make daily profits of $(200, 300, 400)
Continue growing the account for a few years.
The aim of compounding is to grow a very small account into a huge account over time.
ODJ wrote: Fri Nov 22, 2024 6:05 am I read the "Hooligan" post with great interest.
I can't remember who shared it...but, big credit to them.
It talked about the importance of higher timeframes when trading and how institutional traders always watch the H4 Open.
It's so special, they named the H4 Open price, The Hooligan.
On doing further analysis, I discovered that the Market I trade (DAX) respects The Hooligan so much.
I now pair the M30 with the 4Hr....but not the way you might think, lol
Let me explain.
I have different entry strategies...depending on the current market dynamics.
One of them is to always observe if\when the M30 and H4 Open lines are in sync or are out of sync.
For example, if the Market currently trades above the H4 Open price, If I'm in a trade, I make sure price stays above the M30 open price.
If I'm not in a trade, I wait for the next M30 candle to open.
As soon as it opens, IF it opens up, I'm in...to the upside!
It's so clear to see when they're out of sync...if\when the market makes a retracement or reversal.
I apply this same strategy when the Market trades downwards.
Xard's recent systems incorporate the Hooligan concept and makes it very easy to implement this strategy perfectly.
(A very special thanks to Xard for his ingenuity and kindness for sharing his system)
I use XU v17m-XMA v3.0
You also need an indicator which tracks the M30 open price and lets you see the direction of the Market every 30mins.
I use Candle Display v3
You need to keep an eye on the Hooligan.
You need to always observe when it changes
(It changes six times a day)
You need to observe the direction of the M30 open and aim to trade in the direction of the Hooligan!
Hope this helps!
i mean the link to the hooligan thread 
