Prop Challenge

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Hey Im doing a prop challenge with myforexfunds. Getting the login during the next 24/48hours. I´ll let you know if I fail miserably or not
so what can you expect from this thread?

-So Im not a casino pattern trader. I have 30days (aprox 20trading days) and I dont trade with huge position sizes this means: I might take 30days to finish
- I´ll post my more or less fabolous trades in the evening, If I have time
-I´ll post my watchlist in the evening/morning depends, if I have time
- I´ll try to recap one trade a day so that you either learn how to trade or you learn what to avoid
- no live trading/signal - most of those people dont trade anyway. its just a flashy show off to get subs (99,9%)

yes its all vague, but in the end I hope you will be wiser than before

how do I trade?
I will use 2 systems.
1. genesis matrix - more info here: viewtopic.php?t=8474256
2. a price action system, solely based on price and how it behaves around certain levels. (prev high/low)weekly high/low etc

So we will see how this plays out. Hit the subscribe button


Re: Prop Challenge

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did the first trade this morning. gold short
rejection at supply zone. take profit was small demand zone/order block and trailed the rest down to next demand. exited as price dipped below and pa turned bullish. its usually the case that price tends to turn around when it makes a small dip and then reverses (stop hunt)

2nd trade this morning. dax
downgap opening with a rejection wick. when prices covers the wick price tends to go futher


50k account
current balance: 50368
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DVanAssen

Re: Prop Challenge

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constbln wrote: Mon Jun 21, 2021 5:39 pm dax 1min - long semafor - no new lows. 1min bullish tp gap close


ask questions if you want to know something

balance 50510 1% day 1
Hi, also thinking about Prop Challenge with FTMO. I see Blake started his own prop firm with slightly better terms than most Prop firms. I see you doing ICT methods? What order block indicator are you using?
All the best
Deane


Re: Prop Challenge

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hi,
tbh I didnt know who ICT was some time ago. watched some vids and oh boy this guy talks a lot. anyway its mostly price action principles based on raschke/connors and some self taught stuff. no need to reinvent the wheel.

Yes I also looked into order blocks, which looks similar to sup/dem at some point. for me its all the same more or less. I can trade naked charts and indicator heavy systems. but to answer your question, there are plenty of free ones and also one market reversal on mq5 that should do the job. its also possible to just draw them yourself

Re: Prop Challenge

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Just to link threads the nononsensetrader.com site has a a number of videos dedicated to Inner Circle Trading (ICT) and Michael Huddleston, interesting bloke, you can even find some of his old threads from 20 years ago on the Babypips forum. Of course he did have some mental health issues :mistake: and did start charging for educational content after saying he never would, but still worth a look.

Re: Prop Challenge

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couldnt trade yesterday.
2 trades today (actually some more, as I scaled in/out; wanted to test something. In the end it was more stressful)
dax short 15655 --> more or less to 15550

short gbpusd - still running / setup should be clear. sl set to +1

also doing the fundedtrader challenge DVanAssen was talking about.
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