Forex Trading Strategies

Introduction

• Speculation around Forex and trading futures in recent years.
• Reducing reliance on prop firms.
• Focus on trading personal capital and building live accounts.
• Importance of managing drawdown and aiming for decent returns.

Personal Experience with Prop Firms

• Experience of not receiving withdrawals from prop firms leading to focusing on personal trading.
• Building and withdrawing from smaller accounts despite losses.
• Emphasis on learning and honing trading skills over time (nearly 10 years in the market).

Strategy Overview

• Approach to account building, not ‘flipping’ accounts due to negative perception.
• Importance of maximizing leverage and risk-reward tactics.
• Realistic returns on small accounts through high percentage gains considering leverage.

Trading Philosophy

• Key concepts: market structure, support & resistance, Fibonacci, and trade setups.
• Emphasis on non-negotiable factors like weekly and daily highs and lows.
• Strategy based on higher timeframe structure and lower timeframe entries.

Key Trading Techniques

Weekly & Daily Highs and Lows

• Identifying the previous week’s high and low as a consistent basis for trades.
• Establishing trade bias based on these levels.
• Pattern recognition for bullish and bearish setups.

Risk Management

• Tight stops around significant levels to manage risk on small accounts.
• Using lower time frame levels for precision entries.
• Emphasis on risk-to-reward ratio, e.g., risking 10% to gain a substantial return on small accounts.

Entries and Exits

• Scaling into positions and managing drawdown effectively.
• Using indicators like the “weekday separator” to track daily performance and maintain awareness of market movements.

Practical Application

• Examples of trades with specific entries and rationale behind these trades.
• Backtesting strategies and understanding retracements vs. reversals in market structures.

Psychological and Practical Advice

• Being firm about trading rules and avoiding counter-trend trades unless justified by market structure.
• Psychological discipline to follow setup rules and not being swayed by market noise.

Market Symmetry

• Observing symmetrical patterns on charts to predict future market movements.
• Importance of backtesting both historical and simulated data to reinforce strategies.

Conclusion

• Continuous improvement, learning through back-testing, and evaluating strategies.
• Emphasis on structured trading plans and disciplined execution.
• Engagement in upcoming boot camps for deeper learning.

For more detailed information and personal guidance, participation in the upcoming boot camp is encouraged. Further content to be made available through YouTube and other channels.

References and Next Steps

• Join free Telegram group for updates and additional resources.
• Follow on Instagram for the latest trading insights and boot camp enrollments.
• Detailed breakdowns and advanced lessons to be covered in future sessions.