trade intuitively, not with rules.
Вставка
- Опубліковано 16 лис 2024
- Trading is risky, and most people lose money.
My Free Telegram Channel is now private, and has over 60,000 members, and can only be exclusively joined at this link: t.me/+TDVdM80j...
Follow my trades, get coaching, hangout with the MFX group: www.missionfxt...
FTC/CFTC Risk Disclaimer - Please read this so you're 100% aware of the extreme risks associated with any type of trading and investing.
I’ve said for years and years and years - trading is extremely risky, and most people will lose all the money they try to trade with - even the people who follow the information I provide. Trading is a skillset that is difficult to learn, and I make it look easy because I’ve been trading for 7+ years. As with any high performing skillset in life, trading is NOT easy.
Your likelihood of consistently making money trading is abysmally low, whether you learn on your own or whether you follow the things that myself or others teach.
It’s like becoming a doctor, many people start pre-med and medical school, but only a tiny fraction of them succeed and actually become doctors. The average success rate of trading is even worse that that! Becoming a doctor is obviously not for everyone, and becoming a trader is obviously not for everyone, too.
I (and my company, MissionFX, LLC) make NO guarantees/promises/express direct or indirect representation that you’ll achieve any specific result trading, regardless of whether you’re following my free or paid content.
I’m just some random guy on the internet who is sharing what’s worked for me - I have no clue what will work for you because there are a million contributing factors that will determine whether or not you will make money trading.
Do NOT take into account any information that I share anywhere on the internet as the basis for your trading decisions. I’m not responsible for your success, nor am I responsible for your failures.
Read the full risk disclaimer on my website below, so that you’re 100% aware of the risks associated with trading - then you can make an informed decision as to whether or not you want to continue following any of the information I share (or continue to pursue trading in general).
HTTPS://www.missionfxt...
I've traded live, for free, everyday, for 6 years - in my public Telegram channel. t.me/mfxpublic
How would you recommend analysing my discord data
Nick, the problem im facing right now is this:
sometimes i end up losing more because some stop losses are bigger then others.
whats the best solution? limit my stops by value, or not entering trades that the stops are going to be most expensive that the average?
You're the Goat !
How do i get to your discord?
Nick you have genuinely improved my trading and now I have passed a prop firm challenge due to your way of thinking. I'll be able to take care of my family here in africa if everything goes well. I don't know if you'll see this , but thank you , truly❤️
Can I ask what you mean by this?!
@@psychoticpebble They mean that they was able to pass a challenge that prop firms give out to traders to test their skills. A prop firm is a company that provides its traders access to capital. Due to "akramhakim6934" adopting Nick's style of thinking + improvement of his trading, they passed a certain challenge. Now they're going to be able to trade with high capital + have the chance to take care of their family.
Well done and best of luck mate!
Well done mate, his aproach has also helped me finally pass phase 1 of a challenge now for phase 2. Good luck hope you do well for your family 🤑
$300 more and I’m done with phase one.
This video is insane… bro just soely based on Intuition from my tiny 6 months of learning the charts got 8 out of 12 1:1 or 1:1.5 rr’s won. 66% from the 12 backtest trades taken almost at random.
Bro I treat your videos as a daily audiobook, because it’s hard to get out of the “strategy mindset” when that’s all you see online. Listening to your frame of mind consistently realigns my mental and actually helps me trade properly. I don’t know wtf is going to happen, therefore I try and focus on the risk management and not get all bent when I take a loss. Being “right or wrong” is the subconscious virus I am constantly fighting and your content helps that a ton.
Much thanks for another upload!
Very true, getting rid the strategy mindset is very hard. Every time i see the chart all kind strategies going on. Bugazi strategies.
This guy just killed your business as a forex GURU 😂😂😂.. Thank you, Nick. You just gave us free real game.
You re absolutely right , It's just a game of controlling risk , using well designed strategies with fix rules is just a way to keep your trading mediocre , poor and complex . Thank you Nick
Been binge watching you videos the last week and it's mind blowing how simple your strategy is, but makes so much sense. So much simpler than trying to map our harmonic patterns and all that crap, I'm testing out your risk management system now on a small account, going well so far. You're awesome dude! One of the very few pro traders that shows receipts. Keep at it man.
I'm happy to say that after viewing your video on the "technique for idiots" I made like 13 consecutive winning trades, together with a lot of little lamps switching on in my brain and taking notes from them... I don't know where this method will bring me but surely it's exciting and surely does it make sense. AND - WORKS.
This man is good for your trading Mental health. Everything he is saying is 1000% accurate.
You're approach to how the market is seen is amazing it makes the MOST sense out of anyone I've ever followed.
Bro I tested your advice on making more on your winners than you lose on your losers. It actually works.😊
Best mentor i know and trust. Nick, you're a GENIUS.
almost three miserable years of losing money, now I'm profitable for past two months. BARELY, but profitable. From just watching his videos and thinking about what he teaches. Thanks Mr. Shawn, 2024 looks extremely hopeful now.
@@threelittlebirds274For me, its been at least 5 years of ups and downs, learning all the strategies possible, studying all the books i can find, but i am finally coming to terms with the psychology of a trader and the simplicity of trading. All thanks to Nick Shawn.
Damn you, bold yelling man! So true words! You are brutally honest , love your content
This is a very important topic. Being in the MFX Close Friends Group and seeing people adapt by keeping it simple has definitely been impressive and influential. Awesome stuff bro!
Brother can you tell more about your experience inside Mfx closefriends group? like how valuable is the community, how fast are the participants evolving and adopting?
Hey Nick! Thank you! Aaaaaaaand....SMART MONEY ORDER BLOCK WAGYU BEEF BULLISH CANDLESTICK CLOSURE FAIR VALUE DISTRIBUTION GAP LIQUIDITY SPIKE RSI VOLUME OSCILATOR PROFILE
For me personally, i found a major improvement by useing an EA to take 50% off of each trade at 1R and 80% off at 3R and 100% at 10R. Trailing SL @ 3R
This way it keeps drawdown low but yet allows me to capture trades that want to run.
Hi. Awesome, we should all think more as in risk manager rather than losing and winning trades. Is the EA on MT4 or MT5 and what’s the name, please?
also interested in EA
this guy has balls ... good for you Nick your the real one
I started taking random trades and taking notes. It's helping me build my confidence in taking trades.
The beard is coming in nicely brotha, appreciate all the good content you put out there
Thank you Nick. New traders should watch this shit everyday when they are trying to find reasons to enter a trade. It doenst fucking matter, just press the button.
Statistically you have a 50% chance of making money,
Buying during an uptrend gives you a slight edge of making a profit, let's say 51%
Buying at a support during an uptrend gives you another slight edge to be profitable, let's say 52%
Combine that with a good risk management and that's all it takes to be profitable. No need of wagyu beef
That is exactly right!
I was thinking just trade in the direction of the trend
Maybe to pullbacks to the 20 or 50 moving average!
Hopefully that will be a great start to applying Nicks strategies!!
Bro just made those numbers up 😭
@@LifeOfJowl
I understand that,
however ,
I believe trading in the direction of the main trend,
defined by something like the 50 day moving average,
can lead to a higher percentage of winners.
@@midnite1235 yes it will but don’t make up numbers that’s lying
Love your chats. Telling it how it is. Thank you.
Dude thats not a coincidence that i found your chanel when i was literally tilting because of losing streak
Brother I am a pvsra trader doing very well. What you are saying is 💯 man. You are helping a ton of traders
ngl beard suits u very well brother !
btw , taking 1 to 1 was a game changer for me believe it or not . I do take 1 to 1 or 1 to 2 most of the times , I wait for perfect setup , take my 1 to 1 and im out , i dont give a fuck if it goes for 1 to 100 ...
that what was game changer for me , btw im still working on it .
Thanks mayne. Keep at it :)
Hey Nick, enjoying the vid’s. I’m try not to focus on the money, a lot of my time is spent on market structure (only because I enjoy looking at the charts) I’m always placing dummy buy or sell on charts as well trading live it seems to help with my confidence for when I do place an orders but it also helps me with where I think the price is heading. Keep the the good work.
Your most important trade is this trade, right now, because the market doesn't remember your last one.
I never use setups and truly believe a discretionary trader with good management risk is better, but this approach requires more time, study and screen time to develop.
Summed up the whole video in a single sentence. Cheers.
Just for the record, it's been 3 years trying but finally the results are slowly showing up. Your video is brutally real and honest. There's no other way.
@@johngreydanus2033 Trading is all about probabilities and if don't know how to think in these terms you''ll never know what a discretionary trader is. Not easy at all, no shortcuts but efficient in the long run. Screen time, journaling, risk management, patience are all important parts of the process. All setups sooner or later fail miserably and you' ll be hunting the next setup just to discover it also doesn't work. Why not invest time in trying to understand how probability works and stop being dependant on setups instead?
My intuition told me to like this video.
Grande nick.
Every single word that you say is true.
smart entry method helps alot, dont press the buy/sell button when prices is add your trading zone..use smart orders !!!
u look so healthy and confident in this video, the thing I hope u can change is to smile a bit and be more positive I feel subtle negative energy coming from you, and I know why despite being a great trader!!
First time here . Few minutes into the video I subscribed straight up
2:44 he's right
Yeah, I just passed 1st phase of my 50k challenge. My win rate is 44% and still made profit of 8% of $50k account…
Do you focus only on a few pairs ? Otherwise you can be on the losing side on several pairs before you get on the wining side.
I have off the curve good instincts but off the curve bad emotional control and the losses get to me easily.
*Excellent !!! I really do have a question. For someone with less than $10,000 to trade, how would you recommend we enter into trading ? I am looking at studying some traders and copying their strategy rather than trading myself and losing money emotionally. I would greatly appreciate any suggestions or reliable trader to trade with.*
I would suggest to reach out Mr Morris what impresses me most about Mr Morris is how well he explains basic concept of winning before actually letting you use he's trade signals. And he will also teach you how to trade and achieve your aim. This goes a long way to ensure winning trades.
I'm a beginner where can someone reach Mr Morris.
He's mostly on Telegrams, using the user name
I'm a newbie in trading, but I'll linking up to your coach. This is useful info❤
Mr Morris understanding of market indicators is impressive. He knows exactly when to enter and exit trade for maximum profit. He's signals are top notch
what broker do you recommend nowadays??
Why did you delete the video with Richard? That was very insightful and helpful. I was going to revisit it and see now that you took it down.
I find myself adding to losing trades too. Most of the time it does work great. I am just to early sometimes and I know that hence I add to those.
damn your beard really suits you man. looking like an ancient Greek philosopher
Appreciate that man, going for the Leonidas look so I can sacrifice myself and 300 MFX clients to defend against the huge Persian smart money concepts army trying to invade the land of common-sense simplified trading.
THIS. IS. SIMPLE.
👍Hey Nick, you're very modest. I follow your live trades on Telegram and you call 3 out of 4 direction-entries correctly. 👍Mind you, guess which one of those four I usually choose to copy trade !
You sure it's 3 out of 4? I feel like it's closer to 2 out of 4, lmao.
@@NickShawnFX 2 out of 3, not less
Excellent Video ! thank you for all the great advice !
*Excellent !!! Thank you for the concise and to the point update.... I've been trying to grow my portfolio of $200k trading for myself for some time now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions*
I'm a beginner where can someone reach Mr Morris.
Trading as a beginner is quite stressful and discouraging but I'll linking up to your coach. This is useful info❤
Wow!!! I'm not shocked that you just mentioned and recommend Mr Morris. I learn and earn through he's analysis. Which speaks volumes about him
Mr Morris understanding of market indicators is impressive. He knows exactly when to enter and exit trade for maximum profit. He's signals are top notch
Hi, Nick i saw that you now use heikin ashi candles can you make a video explaining why you using it now!
Wonderful video 👏👏.
As always, thanks Nick❤❤
do you ever take a holiday man ??
especially over xmas&NY period when markets are kinda flat for you trading method
do you like skiing ??
So what you say is nearly like trade options, but with the advantage to be able to close trades ad any time, and so with experience you can probably get more out of it the 50:50 ?
Please start weekly analysis again. 😊
I’ve learn a lot from you. Thanks man.
I enjoyed this video and clicked the like button
Great video @NickShawnFX . Do you use this approach for crypto trading?
what broker are you using that allows trading on metatrader still as well as trading view? cant seem to find the right broker now.
Hey Nick, quick question, how long do you trade per day and how many trades do you take?
I enjoyed & love it & ill do whatever I want 😂❤
Just brilliant advice
The most transparent trader 🙏🙏🔥 stay 💙
Good suggestion!
:)
Recently you recommended the book "The Best Loser Wins"....I just finished my first read and it's very helpful. Just wondering if you have an eventual plan to write your own book? I would like to pre-order it! Thanks for the great vids and new way of thinking.
Do you use more hedging or stop L???
Thank you for red pilling us ❤
Thank you bro THANK YOUU!
BRO YES!
Oooooh so true !
Beard on point. Could you do a UA-cam video of case studies of people you’ve managed to teach successfully?
These UA-cam videos are all you really need as long as you have prior experience. I don’t know anything about forex, and I found his channel by trying to learn it. I still don’t know how to calculate the P&L though. But I’m literally on FX replay, 14 trades and 6 losers currently up 1,481.78. But I also have prior experience in trading futures, NQ. I do use orderflow for that though, but it’s the same concept. No wagyu Mediterranean jerky A1 oyster sauce.
Nick. Wich broker do you use?
Based on this price action” I’m going to stay out of the market” I think personally that a key component as well @Nick
That’s more often than not. He’s saying to only trade when you feel for whatever reason more confident in a trade going your way and to manage risk appropriately, again, all based on your experience in the market.
so in summary, just throw your money at the market and hope you win...
9:16 is literally me. Wouldve ended the day up $40 but i added n let it go to -$100 😂
I've had a 80%+ win rate scalping .. all is great then in one trade lose 3/4 of my account .. so win rate is not all it's cut out to be
How much you’re risking and how many trades per trade? I live scalping too but keep switching strategies all the time.
@@japanluv I trade with a tick chart terminal connected via API .. it's a whole different game .. once you get used to tick chart trading, you can feel the way the a coin moving and more often then not being manipulated .. I've traded small order sizes like $20/$100 all the way up to 5 figures .. but that's total cold sweats mode
what did you do with your head? looks like some texture on it, when you turn texture also turns, it's not a shadow
I always, always add to a losing trade.
99% of the times the price will move against my first entry before starting to move on the direction I am trading!
Start with 50% of your risk on first entry, and divide the rest on 10% packs for every move/ level that the price moves against your initial position.
Overall you will have a much better risk to reward ratio than if you started with your 100% risk on one position only.
( If there was a master trader that can predict the correct direction of the market on a straight line to profit, he or she would be trillionaires )
Peace!
MVMG
Ok my boy purchased a beard
Hey Nick, recently I watched one of your videos where you interviewed a trader that trades without stop loss. I am testing this strategy and so far it looks promising. Unfortunately I didn't succeed to find that video on your channel. I want to find the name of that trader. Could you help me with that information? Thank you for your very interesting postings.
Same thinking, but i tried 1:2 rr trade randomly in every timeframe, but it not works, most of the times market hits my SL.. which is best way to trade randomly without seeing chart ?
I am always amazed at how subjective support and resistance levels are. You give a chart image to an AI and it could not identify the levels.
I am a strong believer of your strategy. I have been trading this strategy for since last year Dec 2023. I developed a super EA for it. But funny enough I know this strategy works and it's been making me 20 - 40 ROI since Dec. My quest to substantiate this strategies led me to this video 1stly 2 days ago. And since then my confidence has moved from like 70% to 99.5% in the strategy. My EA from this strategy makes me money of when I am sleeping. I just look for brokers whose leverage is fantastic and who swap is free cos most of the time trades stay for long. But overall I am an happy trader now who has moved both my 24k account now to 69k and 12k acct to 37k in a few month. I want to grow it to 12m Usd and show the world it works. Thanks Nick
Hey Nick. Do you still hedge? If not why? Thanks
Why did you take down the interview video with Rich.
When did you get out of jail? I mean aren't you supposed to be in jail?
Oh boy the ict fanboys won't like this one 😅
Guys don't listen to this random bald guy yelling at you on the internet, because he doesn't value the precious accumulation, distribution fair value gap confluence Fibonacci smart money ICT order block liquidity 😢😢
Yes, because he is telling truth, All methods I learned that you mentioned above, they are making peoples fool... just do risk management and trade randomly. thats it
How would you recommend analysing my discord data
❤
Shawn, I just watched a video from Iman's trading channel about fraud trading gurus. And I was wondering if you could show us some broker statement? So we have an assurance that we are actually listening to a profitable trader.
At least what he is saying here aligns with what Iman says. Besides Imans belief in a max loss for himself personally. I too would love broker statements but this message seems to make a lot of sense and I needed to hear it.
i had done it placing trade randomly but there were more losses than 50:50 win ,loss ratio.
What if you add and it hits back fastly to your stop loss
love you xxxx LOL
Looking forward to the next video! ❤️
Love it.
Hi, maybe no my bussines, but I realized you are coughing all the time since months, have you checked that with your doctors?
this video was for me..not jacob
👍!!!!
I have a feeling that he repeats him self again and again and doing this on purpose.
"Some of the best traders I know claim to have no system at all. They say they are just 'intuitive" traders." - Dr. Van Tharp
I didn’t find true success until I stop using stop losses and managed my trade like hedge funds and institutions
What makes you think hedge fund don't use stops
@@paulnyagini former hedge fund traders telling the difference between retail and institutional and I’ve been in spaces with these guys
@@paulnyagini and when they do use stop losses it’s not like how retail traders use them
@@paulnyagini they use all the strategies that prop firms banned the most famous one that even nick used was hedging they think of strategic ways to not lose money dca, hedging, martingale, htf, and more but yes point is they do trade the way we do they have too much money to do so
@@LifeOfJowl😂😂😂😂😂 are you doing that on CFD deravatives
Am I the only one that’s concerned about Nick’s health or should I just mind my own business?
can you do a short video on how you calculate the monetary risk for each trade. for example if i want to risk €100 per trade how do i do that on each forex pair?
Google positions size calculator. Pick your pair. Draw you stop loss. Type it in the stop loss in calculator. Click the button to swap with money instead of %. Calculate. Buy the amount of lots when buy/sell
10/10
@NickShawnFX Have you watched any of Jason Kasper videos? He has a wicked method and seems to break the 50/50 rule over and over again with his analysis. Love to know your thoughts.
i bought big speakers so that I can hear u munching loud