I don't know which prop firm you're mentioned but from what I know like FTMO,Funded Trader,Ultra Capital Fund,CTI, 5%ers etc do not need to close their position on holiday/weekend/high impact news. FTMO just simply choose the 1:30 swing account, the leverage are more than enough to trade in Daily TF.Meyney wrote: Thu Oct 28, 2021 5:23 am Most newbies will start with loads of indicators as your template shows. Nothing wrong with that it is just a journey you will notice. Every indicator will tell a story you can not just add a shitload (I added the SD zones in the pullback thread and these SD's are added I noticed in populair threads already, but you have to understand what they mean etc.) Only to help here so consider: 48 pairs...Most serious prop firms will not tolerate exotic pairs or indexes, they will ask you to close positions overnight (weekend/holidays) and before important news. In demo world it seems all brilliant, but did you ever traded exotic pairs live?
best M.
![Smile :)](./images/smilies/icon_e_smile.png)
I always like to trade exotic pairs but only a few like USDZAR,USDHUF,USDPLN,USDSGD.
Firstly I want to say I'm a indicator guy, I know the S&D or chart pattern but I don't really trust them. How many times we draw the trendline,saw the chart pattern, S&D etc after that the price just simply go against without any news event? In currencies there's no Supply Demand from what I think, the Supply Demand only use in Stocks/Metal. S&D for me only act as references to display the most SL point. As this system is trend trading not reversal/breakout, if the system agree to Buy ,current market sentiment are imbalance (seller more than 60%), even the price are in the Resistances area I'll just simply enter the trade to go Long, because I know the banks will definitely hunt all the sell order SL out and the price will go Long. e.g. GBPAUD,GBPNZD,AUDCAD,NZDCAD, all the JPY pairs in this 2 weeks.
I did not trade all the 48 pairs, I mean for 48 pairs analyse I only need to took about 20 minutes to done.
![Smile :)](./images/smilies/icon_e_smile.png)
Colored candlestick is only for decor the chart.
The TMA bands, Ichimoku Cloud, MA ribbon only for references the price are currently in up/down trend, it's not important. S&D only let me know where's the most traders SL at.