Hi ,
I have been trading just over 4 years , still not profitable . The first 3 years consisted of trading discretionary and studying the markets + putting in the hours daily on the charts.
The past 12 months I have been on the tedious journey of backtesting and finding a profitable system. 2 months ago I felt I had found my system which is right for me . It is a discretionary lower timeframe entry model(15m) in sync with discretionary HTF levels (W/D/4H) that I have broken down into simpler terms, so I understand exactly what and where I am looking for these patterns to form, with the focus on this being to minimise the decision making process.
It is W/D/4H Break and Retest levels or SFP's (Learned this from Tom Dante) in sync with the ICT Breaker Block entry on the 15m , I want to see it form and look a certain way at a certain time for me to get in. I use standard deviations of the breaker for TP , and at 0.5R in profit I trail my stops 50% as I know from my backtests this saves R and for me mentally is better.
I was curious if anyone trades this way also or with these techniques. We can use this to grow together.
I am going to be using this as a journal from now on , keeping this updated with my current goals and where my trading / mindset is. I am currently on Phase 2 of a 100k challenge sitting at -2.3%. 1% risk per trade.
I have been trading just over 4 years , still not profitable . The first 3 years consisted of trading discretionary and studying the markets + putting in the hours daily on the charts.
The past 12 months I have been on the tedious journey of backtesting and finding a profitable system. 2 months ago I felt I had found my system which is right for me . It is a discretionary lower timeframe entry model(15m) in sync with discretionary HTF levels (W/D/4H) that I have broken down into simpler terms, so I understand exactly what and where I am looking for these patterns to form, with the focus on this being to minimise the decision making process.
It is W/D/4H Break and Retest levels or SFP's (Learned this from Tom Dante) in sync with the ICT Breaker Block entry on the 15m , I want to see it form and look a certain way at a certain time for me to get in. I use standard deviations of the breaker for TP , and at 0.5R in profit I trail my stops 50% as I know from my backtests this saves R and for me mentally is better.
I was curious if anyone trades this way also or with these techniques. We can use this to grow together.
I am going to be using this as a journal from now on , keeping this updated with my current goals and where my trading / mindset is. I am currently on Phase 2 of a 100k challenge sitting at -2.3%. 1% risk per trade.