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.
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.
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.