Prop Firm Kid

Whatup Legends,

So my instagram is still down, taking their sweet time to fix the issue that's clearly their algorithms fault.

I made a video on youtube with the story of what happened if anyone in interested!

We also have some cool 24/7 live streaming trading feature coming on the youtube very soon so feel free to Subscribe if that sounds interesting to you.

Hopefully the chicken is back soon!

https://youtu.be/cjHkAWgC8QU

Hey All,

My Instagram was suspended twice in 24 hours.

I had meta fix the issue through their verified customer support the first time, but just 10 hours later it was suspended again.

It's very likely that one of the scam prop firms I called out paid a 3rd party to mass report me. I figured it would happen eventually because these degens have no ethics.

As you can see my account is flagged for me pretending to be someone famous lol, so if I'm not me, then I'm not sure who is actually me😂

I have Meta working on a solution but I'm not sure how long it will take. In the meantime if anyone has any questions I'm in my discords general chat now and then. Feel free to send me a message.

https://discord.gg/9SdRxBkam3

Guess my chicken gets a deserved break from trading. Hopefully I'm back next week and we will find some good setups🔥

Hi All!

Quick update on gold,

if you look at my previous setup we couldn't get the pullback we wanted to go short, gold just dumped again before buyers could push the price up far enough.

I'm liking this $2600 level for buyers to potentially set up and eat up some of this gold dump we've seen since last week.

It's nice when the bias is right but difficult to time the entries sometimes, that's part of the game.

So here is a technical setup for those who are bullish on gold still. This is for you straight technical traders on the daily chart here.

Please be cautious because it's still recent after the US election, so price is more likely to move irrationally. But from a technical analysis view, this is a very clean setup. Price close above the 0.618 key fib level. The 200MA still is looking extremely bullish, and there is a good chance we see some retracement soon from the strong selloff, maybe even forming somewhat of a head and shoulders (if you like your patterns haha)

EURCAD Long (New trade idea)
⏰ Time Frame: 1D Chart November 12th
📈 Entry: 1.48330 (only on close above this key level)
🚫 Stop: 1.47540 (75 pips)
🎯 Target: 1.50650 (230 pips)
🎲RRR: 1:3

ANALYSIS
So EUR is gaining strength economically against several pairs. As you can see form the ⁠📐〡edgefinder score, we are currently at a +7 which signals bullish fundamentals. Price action in the last 2 weeks has been selling off so I imagine some institutional money will be looking for long positions on this pair.

We are hovering right around the Daily 200MA and the 0.618 Key fib level which also aligns with some previous reversal price action historically.

I want to see the daily candle close above this 200MA, then I'll consider this trade setup valid.

Practice some patience here! Let's see what price does over the next couple days:) Keep it on your watch list!

Hey Traders,

It seems structure is becomming more and more bearish forming off the all time highs.

We are looking at the 30min chart. I'm watching this key level around $2640 for shorting opportunites. I think this is a valid 1:2 RRR Setup that's just within an intraday trading range.

There is so much selling pressure right now with very little sign of buyers so taking any longs will naturally be higher risk.

I know many people are still bullish on gold. Retail positions are about 64% long currently. Generally we want to look for positions against retail traders when we find it backed by a good technical argument in the price action.

So keep your eye on this key level!

Hey Traders.

If you're bearish on gold, keep an eye on this key level price is currently testing around $2709

If we're going to see a sell off for Friday I imagine there will be a liquidity sweep just above this level and a dump.

GL!

GOLD Long Day Trade (New trade) XAUUSD
⏰ Time Frame: 4H Chart Oct 31th
📈 Entry: 2752-2756
🚫 Stop: 2738 (1500 pips)
🎯 Target: 2784 (3000 pips)
🎲RRR: 1:2

ANALYSIS
Gold finally found heavy sellers after reaching all time highs. In this situation we look for key fib levels that align with previous supply or demand levels with either consolidation or strong liquidity. In this case both are true as I've marked out with the arrows. On this 4H timeframe we are still very bullish overall so there is no advantage to try shorting until we see some major momentum reversal.

Generally I do 1:1 for prop challenges but this trade setup could be held for 2-3 days so IMO it's more logical as a 1:2

GL Traders!

EURAUD Short (New trade idea)
⏰ Time Frame: 1D Chart Oct 28
📈 Entry: 1.63900
🚫 Stop: 1.64550 (70 pips)
🎯 Target: 1.61900 (200 pips)
🎲RRR: 1:3

ANALYSIS
Here is a beautiful combination of when technicals and fundamentals align. We've had some temporary buyers for EURAUD pushing hard though the daily 200MA. To me it looks like a liquidity grab before price continues back down as economic strength for the EUR is still weaker relative to AUD.

As you can see, we have a key fib level that lines up with the 200MA, so we want to see price get rejected and retest this 200MA to go short. So I would put this pair on your watch list and check it once per day if this entry becomes valid.

I have the edgefinder economic score posted in my discord if you are interested.

https://discord.gg/9SdRxBkam3

We currently have an EURUSD Long position open, so if price action signals this trade a sell, I'd recommend closing that pair's position as it would technically be a hedge.

EURUSD Long (New trade idea)
⏰ Time Frame: 1D Chart Oct 23
📈 Entry: 1.0784
🚫 Stop: 1.0734 (50 pips)
🎯 Target: 1.0984 (200 pips)
🎲RRR: 1:4

ANALYSIS
If youre big on pure technicals, this will be a nice trade idea for you. Generally I dont trade trendlines but this is the daily chart and we have 3 points of reference in previous price action. It also aligns with the RSI which has historically triggered reversals anytime the 30 or 70 level has been broken twice. RSI generally can give context to oversold conditions.

Econcomically the USD does still look stronger than EUR but momentum should be dying as econocmic reports have provided no new weakness for this pair in the last few weeks.

Remember traders, this is a 1:4 RRR so the probability to win the trade is likely lower than 50% but IMO it is a good setup if youre looking for something enter next week.

Aslo, that CADJPY Trade insane sniper entry with less than 1 pip of drawdown if you took the 108 position. Currently 130 pips in the profit. I'll take those anyday:)

GOLD Long Day Trade (New trade) XAUUSD
⏰ Time Frame: 15min Chart Oct 22th
📈 Entry: 2728-2730
🚫 Stop: 2720 (1000 pips)
🎯 Target: 2740 (1000 pips)
🎲RRR: 1:1

ANALYSIS
Here is a setup I always keep on my watch list. There is a really heavy demand level at the zone I've highlighted in yellow and it aligns perfectly with that 0.50 Fib retracement. We should stay bullish on gold until price action gives us a reason not to be. Never Short gold against such a strong trend because you "feel" like it has to reverse eventually, that is what many retail traders do.

If price can come down to this 0.50 fib level, It's likely we will see it happen over the London session so I'll be setting buy stop orders within this price range.

Remember, this trade setup is in the context of prop firm challenge day trades which is why I choose to do 1:1 RRR but you can attempt 1:2 RRR if you like the entry, just know that it has a higher probability to lose as you increase your RRR.

https://discord.gg/PgGCp7Zg

CADJPY Long (New trade idea)
⏰ Time Frame: 4H Chart Oct 20
📈 Entry: 107.850 to 108.000
🚫 Stop: 107.400 (50 pips)
🎯 Target: 109.470 (150 pips)
🎲RRR: 1:3

ANALYSIS
Hey Traders, I'll be watching this yellow zone marked on CADJPY as price action has been in a range for the previous week and economic reports continue to strengthen the CAD relative to the JPY. As price pulls back into this heavy demand level, there should be buyers willing to step in to push price up into recent highs.

Also, that previous USDCHF Trade is pumping, about 125 pips in money

GOLD Long Day Trade (New trade) XAUUSD
⏰ Time Frame: 1H Chart Oct 16th
📈 Entry: 2662-2664
🚫 Stop: 2653 (1000 pips)
🎯 Target: 2674 (1 000 pips)
🎲RRR: 1:1

ANALYSIS
After a Liquidity grab and reversal at the previous all time high, IF sellers can push price down into this .50 fib level within that golden zone I've marked out, it would be a great level to long as there is multiple price points that show high liquidity at this level.

The overall trend on Gold is still very bullish so it's better if we look for long daytrade setups off pullbacks rather than try to time a short reversal because we will naturally have a higher probability to win trades with the trend. As you can see the 200MA on the 1H is starting to gain some good bullish momentum.

USDCHF Long (New trade idea)
⏰ Time Frame: 4H Chart Oct 13
📈 Entry: 0.85320
🚫 Stop: 0.84710 (60 pips)
🎯 Target: 0.87750 (245 pips)
🎲RRR: 1:4

ANALYSIS

Hey Traders, this setup I posted back September 22nd but the range was much more stubborn to break then I had estimated. It has finally broken out, has closed strongly above the 200MA on the 4H so I'll be looking to get in on this one if price can retest that previous range support/demand level.

I have also posted some edgefinder economic data in the discord if you want to see for yourself!

https://discord.gg/5wB2RKWv

GL this week traders!

NZDUSD LONG (New trade idea)
⏰ Time Frame: 4H Chart October 9th
📈 Entry: 0.60550
🚫 Stop: 0.6000 (55pips)
🎯 Target: 0.62380 (180 pips)
🎲RRR: 1:3

ANALYSIS
Technical Fib retracement level demand level. Although I cannot show you in one screenshot, this price point has historically shifted price after strong moves into it. NZD is still relatively weaker than the USD with recent economic data but not weak enough to the point to continue this bearish momentum IMO.

I recommend moving the SL to break even once 50 pips in the profit for a risk free trade as it's hard to know how hard price will bounce off this 0.618 key level

GL Traders!

GOLD Long Day Trade (New trade) XAUUSD
⏰ Time Frame: 4H Chart Oct 9th
📈 Entry: 2600
🚫 Stop: 2586 (1400 pips)
🎯 Target: 2614 (1 400 pips)
🎲RRR: 1:1

ANALYSIS
4H Analysis here but still a day trade setup. I've been watching this 2600 level as I said last week price should slowly climb down to key fib .618 area of interest at the psychological 2600 price point. We still have a ton of bullish momentum in this 4H trend as you can see by the 200MA position relative to price.

I'm looking for Asia open to push price down grabbing liquidity in this supply zone before it finds buyers to push price up to 2614.

These 1:1 day trades are ideal for prop firm challenge/funded account environment.

GL Traders!

GBPUSD LONG (New trade idea)
⏰ Time Frame: Daily Chart October 7th
📈 Entry: 1.31000
🚫 Stop: 1.30200 (77pips)
🎯 Target: 1.32532 (155pips)
🎲RRR: 1:2

ANALYSIS
Price action on the daily still looking very bullish after a strong pullback last week to the .50 Fib level of the previous strong bull run. We can see a nice reaction of the .50 fib level which is also a pretty decent demand level in recent history.

We are well above the 200MA on the daily with bullish momentum and I'm targeting a TP of the Fib .382 resistance level

Econocmics between GBP and USD appear pretty nuteral, so this is purely a technical setup.

I recommend closing this trade at 2RRR as there is a high probablity of reversal at that zone (which could make for a good shorting opportunity later)

GL Traders!

GBPCHF LONG (New trade idea)
⏰ Time Frame: 30min Chart October 6th
📈 Entry: 1.2740 to 1.2820
🚫 Stop: 1.2490 (30pips)
🎯 Target: 1.13420 (60pips)
🎲RRR: 1:2

ANALYSIS
Econcomically this pair is looking strong relative the the previous 4 weeks. Price is entering a high supply/demand level so if it can break through, hit the sell limit orders and retest this golden zone for some buying strenght, it will be a good entry to go long.

Lower time frame trens is really strong, COT data strong, Retail traders shorting and Inflation for CHF is higher than GBP. Looking like a perfect recipe for the bulls here. More of an intra day setup, if price does not get rejected here, and plays out the way I want it to, then we will likely be in this trade for 3 days max.

If you are looking to hold longer, then trail the price by 30 pips! Goodluck Traders:)

Hey All, I have a new XAUUSD Gold Day Trade Idea coming into the week in my Discord's #gold-room feel free to check it out:)

If you haven't joined yet, I'd love to have you in there!

https://discord.gg/9SdRxBkam3

I'll be doing some Currency Pair Analysis later today and post it here as well:)

Have a great start to the trading week!