Hey Nick is there a chance in the next video you reload the AR15 ? You dont have to put bullets in it , just wanna hear the metallic sound that this beauty makes ;p greetings from Germany !
@@sbakarcic That's because this video contains copyrighted music. Nick didn't notice it at first. As a result, the music owner has the right to place ads on the video. Nick confirmed this in his tg
00:03 Trading strategy involves using DC, grid, and Martingale recovery on the 1-minute chart 01:54 Implementing a risky forex trading strategy on 1-minute chart with simulated $2000 account. 05:30 Successfully making profits while doubling $2,000 account using one-minute chart strategy. 07:25 Position sizing is crucial for managing rapid moves in forex trading. 11:23 Using DCA to profit from volatility 13:04 Increasing position sizing for higher returns 16:54 Forex trading strategy on 1 minute chart 18:27 Adding to winning trades cautiously can increase risk exponentially. 21:46 DCA trading strategy success and importance of profit withdrawal 23:25 Implementing a forex trading strategy with quantity and risk management. 26:49 Experience with support resistance can improve trading accuracy 28:26 Forex trading strategy on 1-minute chart Crafted by Merlin AI.
in my experience you can make money this way. But you HAVE to withdraw or you will end up blowing it up eventually when the market shifts hard against you...
you will win more than you lose averaging in. you are right, when you are in 100% profit, withdraw it. then repeat the process. you should be profitable 8/10 times. so 8 winning accounts, 2 blown accounts. each winning account gives 100% profit.
Hey Nick! With all the correlation going on, how do you effectively trade 8+ pairs? Like if you enter a buy on EURUSD, do you avoid doing the same trade in GBPUSD or AUDUSD for example to prevent adding to your risk, or do you just treat every pair as its own entity?
Yo I've been using this dudes idea for a minute on the one minute.... If you have some trading knowledge and don't just flip a coin and pay attention and get out when you kinda know your not going in the right direction (doing some TA on the higher TF.... THIS WORKS LIKE MAD GOOD
@@faxardebatintenebris god no only when shits bad and i wanna play catch up.. and if im doing that im adding stop loss. and flipping direction ... it becomes a dance... But remember with 0.01 lots you can play a lil without losing your shirt.
I tried this with MYM and MNQ with a historical replay over the weekend and liked it. I did a live trade session today with MYM/MNQ and a demo account. I had the wrong timeframes at first and made the absolute worst entry and DCA positions (well, 3 of 4) on MYM in the AM you could possibly imagine. Began making side DCA trades with MNQ after the open that went well. I just hung in tight, at one point $350 in drawdown but between the MNQ trades and just waiting ended up +$42 for my first day lol. I love this style because its such an active trading technique that requires strategy to DCA in the correct spots. You're killing me Nick.
I have used this DCA system on the 5 minute charts in live markets and also in backtest. In backtest what I've found is that on certain pairs price will make a move against you very far and blow the account. But this happens very rarely and only if you add too frequently and trade volatile pairs such as EURUSD or JPY pairs on lower time frame
I've been trying this with a 15 minute chart. I would love you to do a video using this timeframe. One minute is too manic for an old dude like me. Cheers for your excellent, entertaining videos.
to teach forex is easy. My advise is if you find a profitable system, log out from social media and avoid listening to gurus. You will blow your account. Stick to your system and believe in it. Peace .
i think its a play on ict, coz on twitter / X , mr ict recently says the market makers etc have made his computer not work so he cant trade etc, just bs really
Hey Nick when you were using the 15m and 1h timeframe and adding to DCA/Recovery Trade the trade duration was 3-4 days max but now using Daily and Weekly it kinda seem too slow, what do you think will you ever downgrade ur timeframe?
with normal spreads and commissions , all this wins are actually a losing trades... you said it yourself , finding a good broker with all the benefits is almost impossible...
@@rg950 with this system on the 4h chart you will be charged with swaps and fees, each trade will take months... question is if you can wait that much and will you have profit left after the overnight and weekend fees.
if you know what youre doing taking stop outs tends to just be a drag on your bottom line. for some who have experience but maybe not ten years of screen time yet, that can be the difference between being profitable or not.
It's funny that people think this is just gambling. If you asked anyone how to invest long term, they would tell you to do this exact thing just on the daily/weekly. Only difference is you wouldn't close the position when it goes into profit when investing, and you would only be trading assets that typically go in one direction year on year.
Dont forget Nick trades forex. Forex is extreamly rotational aka not trending, therefor DCA can work, but if you use it on Gold, Crude oilor even Indexes you will not as good results as with forex and those markets can trend days or even months
I lost hope in the strategy because i thought it works only on the bigger times frames but now that i know it can work for the lower's as well, I'm gonna follow your advice Nick and practice like crazy in my demo account 🗿
Hey Nick, I just found your channel last week and also started following your telegram channel. I took some trades i am in EUR/USD , USD/CAD and NZD/USD since monday. I see my trades are very similar to what you show on telegram so that gives me some hope that the trades will workout. But i was wondering due to the American election coming up should we maybe get out of all trades before election day? WHat is your view on that ?
general rule is 4% max of position size and 1% per standard deviation. more then 4 standard dev is rare and happens only on 4 out of 100. standard dev move depends on currency pair but is around 10 pips
lets be honest the only trading strategy that works is the inverse, reverse dragonfly, liquidity bump wagu beef , nippon island candle, nothing else matter... green pips
2:02 What's more probable in getting the experience? Trading one pair or trading multiple pairs? Won't I get further if I focus on digging one hole instead of 3 or 5?
i love what you do still trying to get there, but you have a straight forward strat that works, but im curious have tested it with any kind of like fundamental analysis like maybe fading good news into highs ? Or something like that, love your vids always crack me and my girl up lol. Thanks bro
Nick is always very interesting. Him, instead of being adamant about DCA, if stresses same much on hedging zone recovery with his own twists and variations, would be more beneficial.
Nick, I have just started doing your method. But have also made mistakes. Having said that Iv tried something similar before coming across your video, and I'm shocked no one does it your way. But iv also seen some prophet before finding your vids. I really appreciate your teachings. They are my kind of style man. Its just a same we cant have guns in this Australia. Last week I failed to make a good choice on a trade. Over $1000. But before that I make $700. I'm still learning. I do intend to do your course when I get more prophet able. This message will be deleted before the scammers come looking for me. I will message again. Keep me in mind man.
the problem with this strategy you will lose all your capital if the price kept on going for days one direction but that rarely happen i know also you will have to wait too much but still simple and profitable strategy , i doubled my account in 5 weeks on gold using this
Problem is, whos going to sit there all day long in order to add to their trade, you would have to be locked to the screen waiting to average all day in hopes of it going into profit. Rather just play market structure.. But this is essentially how I pass eval accounts... Wait for an over extension move, take a couple contracts, every 50-100$ of loss, average down, eventually when it turns around you have about 10-15 contracts and when it drops below your entry price you're REALLY in the green. I do the same thing, but with a good method behind it so I am not wasting all day for attempts
@@c0smoKram3r Most people do not pick very bottom of trades, if you knew anything about trading you would know almost all trades will go red before they go in your favor.. If traders were that good to pick very bottoms everyone would be billionaires. Trading with this type of strategy gives you the ability to buy at a key level, and if it dips below or touches another level allows you to bring your average down multiple times before it goes in your favor.. Some call it a "feeler" position, instead of taking full size right away. Learn to trade before commenting.
Hey Nick, I am in sell with USDCAD, doing the DCA and down %20 of my account. Canada's economy is in terrible shape and this pair is bullish crazy! When will this pair going to reverse? In the past, it went up 800 pips above the current price! Do you think it will go much higher? I am scared to lose all my capital
Both USDCAD (sell) and NZDUSD (buy) were both in heavy drawdown in the previous video and probably still are. Maybe the reason for the sudden lets look at the 1M chart instead of the 4H/D/W? Hopping from one method to another isn't great
Hey Nick, here I see you mentioning a 0.01 lot size or 0.02 for every $2000 in the account (very very safe IMO), however, over the years I think I've seen you use much much larger lot sizes relative to the account size. I get the feeling you talk about 0.01 for every $2000 because you want people to have a low chance of blowing up their accounts. For those of us who see you trading larger sizing relative to the account, can you share what lot sizing you use? I say this, because starting with low capital, and using sizing this low, it will take an extremely long time to build the type of capital needed to quit ones job. In my demo accounts I've been using 0.1 per $2000 account balance, I seem to be getting away with it so far, but I do worry if it's too high.
swap fee is so high not worth doing dca on a small account if you wanna do dca at least have a 200k account and you can size up on your drawdowns so when price pull back you can make profit and cover the swap fees instead if you have such small account like 10k it may takes weeks for price to finally pull back to your break even point you can’t even cover swap fees it’s not worth it
You need to trade the ES. It doesn't have the unexpected spikes in either direction, you can trade 23 hours a day 5.5 days a week. Unlike stocks, you can put stops that will work 23 hours a day. There is zero liquidity issues. Seriously, it is the only thing that you should trade ever.
I know you love the institutional order flow liquidity shit. That is what "institutionals"/banks really do most of the time. Simply, if it´s cheap, buy, If it gets cheaper, buy more. The average buying price gets cheaper and cheaper, and at the end, they always got the best price. Because they always got a ton of money, and they are cool with earning a 1% at the end. That´s one of the "deep top secrets". And that´s why no one can win against them lol. You all can go and check any public bank/fund portfolio, and look how they buy things. I call it grid :D
Hi guys. Do you know how Nick gets the Average Position Price line on his chart. Each time he put on a new position a line which is the average price of all his positions is on the chart
I have traded this before and the only way this method works is to have infinite amount of money, cuz one trade can go against you endlessly and you are forced to take that big loss which eliminates all your gains unless you have outlined zones and and a set stop loss for all of your trades, Maybe 100 dollar loss per trade for 0.01 lot size trades considering you add and continue increasing size for each 10000 dollar 0.1 lot and 1000 loss which is 10% of account
Bro come on, it’s like you never listened to a thing in the video. Blowing the account doesn’t matter as long as you could double it multiple times. Personally i multiply my account 3 times before blowing it on weekly bases But i use a strategy that my first entry is very likely to hit tp from the first trade or at most second trade but if sometimes it goes against me i just let it be and wait on it because i never enter from a bad place where price doesn’t come back Actually i just dropped a video on my channel with poor editing but i double the account with one and a half day while scalping because my strategy gives me a lot of entery points on daily bases using only one or two pairs to trade And remember this doesn’t work well on every pair as there are pairs that are way better than the others considering their average daily moves
@@Mooslight well im glad some of us can make money using this method cuz personally after blowing one account i kinda gave up and emotionally i felt this doesn’t work so I didnt start the second account, I believe i was doing very well using a stair pattern as Al brooks calls it, you know when pull back gets back to the break point and this idea was horrible cuz seems going against the trend is bad ( you know cuz u see break points gap are getting filled and then boom trend explodes like we see in gold these days) then i started to trade the trend and by trend i mean what i think about the price and the sad point was every time I was 100 % right about the trend, it was just the duration of the pull back that made me frustrated so i would just close the deal with a loss and here we go again, price starts to move in my favor ( imagine the anger and frustration ) … maybe i start another 1000 and divide that into 3 and play this method again.
@@TheFinikias lol what dou mean months😆? Just close it bro. I don’t hedge i only open opposite trades if i’m certain the setup failed and go opposite way And believe it or not i trade gold, bitcoin and gbpusd. I just uploaded the worst video on youtube in terms of recording but yo could see how i trade these pairs with high win rate first trades
Well you must ask yourself am I long term short on an instrument designed for growth such as the S&P? Or am I trading in a market which ranges often such as a stable a currency pair. If it’s the latter you can DCA pretty well.
I share my analysis live every day in my free Telegram 🥳 t.me/+TDVdM80j9lGfaWiP
Hey Nick is there a chance in the next video you reload the AR15 ? You dont have to put bullets in it , just wanna hear the metallic sound that this beauty makes ;p greetings from Germany !
Great Video Nick ! Think i have now understand ! Can´t wait for Monday !
I'm telling you guys now, this might be the most edited video of nick for his entire career.
That’s a sign… he’s making too much money 😂
Who are you, Osama Bin Forex?
Osama Bin Longing
I lose my shit on these intros with the guns…just some bald guy who trades but the banks are after him folks 😂🙏
He doesnt trade, hes a UA-camr.
I appreciate that you're not monetizing your channel. There are no disturbing ads.
There is no need to, he makes enuff money trading.
Ads are on, just got one.
I got like four ads on this video.
Yes, lots of ads here too
@@sbakarcic That's because this video contains copyrighted music. Nick didn't notice it at first. As a result, the music owner has the right to place ads on the video. Nick confirmed this in his tg
00:03 Trading strategy involves using DC, grid, and Martingale recovery on the 1-minute chart
01:54 Implementing a risky forex trading strategy on 1-minute chart with simulated $2000 account.
05:30 Successfully making profits while doubling $2,000 account using one-minute chart strategy.
07:25 Position sizing is crucial for managing rapid moves in forex trading.
11:23 Using DCA to profit from volatility
13:04 Increasing position sizing for higher returns
16:54 Forex trading strategy on 1 minute chart
18:27 Adding to winning trades cautiously can increase risk exponentially.
21:46 DCA trading strategy success and importance of profit withdrawal
23:25 Implementing a forex trading strategy with quantity and risk management.
26:49 Experience with support resistance can improve trading accuracy
28:26 Forex trading strategy on 1-minute chart
Crafted by Merlin AI.
in my experience you can make money this way. But you HAVE to withdraw or you will end up blowing it up eventually when the market shifts hard against you...
stop loss and tp
you will win more than you lose averaging in.
you are right, when you are in 100% profit, withdraw it.
then repeat the process. you should be profitable 8/10 times. so 8 winning accounts, 2 blown accounts. each winning account gives 100% profit.
Hey Nick! With all the correlation going on, how do you effectively trade 8+ pairs? Like if you enter a buy on EURUSD, do you avoid doing the same trade in GBPUSD or AUDUSD for example to prevent adding to your risk, or do you just treat every pair as its own entity?
These are my size trades atm, .01, .02, breaking even the last 2 months thanks to you
Yo I've been using this dudes idea for a minute on the one minute.... If you have some trading knowledge and don't just flip a coin and pay attention and get out when you kinda know your not going in the right direction (doing some TA on the higher TF.... THIS WORKS LIKE MAD GOOD
Been working for me pretty good aswell.
are you sizing up the positions on each entry? or every 2nd-3rd position?
@@faxardebatintenebris god no only when shits bad and i wanna play catch up.. and if im doing that im adding stop loss. and flipping direction ... it becomes a dance... But remember with 0.01 lots you can play a lil without losing your shirt.
Bought XAI50E after watching your video, super excited! 💰
Coinbase, OKX and Binance will list XAI very soon. We do not have much time left
When the world knows this, we already x50 🚀
this is only crypto project that I see has real use
my portfolio: BTC, ETH and XAI
This is good project from Elon Musk
I tried this with MYM and MNQ with a historical replay over the weekend and liked it. I did a live trade session today with MYM/MNQ and a demo account. I had the wrong timeframes at first and made the absolute worst entry and DCA positions (well, 3 of 4) on MYM in the AM you could possibly imagine. Began making side DCA trades with MNQ after the open that went well. I just hung in tight, at one point $350 in drawdown but between the MNQ trades and just waiting ended up +$42 for my first day lol. I love this style because its such an active trading technique that requires strategy to DCA in the correct spots. You're killing me Nick.
Nick, your intro - we love you!
I have used this DCA system on the 5 minute charts in live markets and also in backtest. In backtest what I've found is that on certain pairs price will make a move against you very far and blow the account. But this happens very rarely and only if you add too frequently and trade volatile pairs such as EURUSD or JPY pairs on lower time frame
I've been trying this with a 15 minute chart. I would love you to do a video using this timeframe. One minute is too manic for an old dude like me. Cheers for your excellent, entertaining videos.
to teach forex is easy. My advise is if you find a profitable system, log out from social media and avoid listening to gurus. You will blow your account. Stick to your system and believe in it. Peace .
🤐
😂😂😂😂
You must have not found a profitable system then going off your logic
Your video convinced me to invest in XAI50E, expecting 10x gains. Excited for listings!
Hey Nick, I’m sure you may not respond to my question but figured I’d ask anyway. Does your current simple approach only apply to Forex?
"The banks are after me" schtick gets me every time lol😂...like why though?
i think its a play on ict, coz on twitter / X , mr ict recently says the market makers etc have made his computer not work so he cant trade etc, just bs really
Another great video, Nick. What broker do you use? Or any that you would recommend for US traders?
Bro thank you. Your strategies and tactics have helped me out. I appreciate you my brother.
That first 25 secs was so crazy. You even put the dramatic action movie climax music in there!
Thanks Nick you bring funny to boring trading..but i love trading ..
Hahah, you had me with the intro bro! Another trading gem dropped here 👍👍👍
like your style..... I'm doing some similar stuff and its working out great.....always asking "what are the probabilities?"
Hey Nick when you were using the 15m and 1h timeframe and adding to DCA/Recovery Trade the trade duration was 3-4 days max but now using Daily and Weekly it kinda seem too slow, what do you think will you ever downgrade ur timeframe?
Something like "If a level (resident or support) keeps getting test it won't be respected" .... thx for that 😀
Also what happens if you do this with 8other pairs but 5 of them go against you?
Do you just hedge them all out or cut some losses?
Man these intros are getting tight!
Music now too...😅😅😅
Have you hired and editor?
🤣🤣
Spray and pray trading strategy
with normal spreads and commissions , all this wins are actually a losing trades... you said it yourself , finding a good broker with all the benefits is almost impossible...
doing the 1 minue chart is pointless. this works on the 4 hour chart. lots of brokers have low commissions,
@@rg950 with this system on the 4h chart you will be charged with swaps and fees, each trade will take months... question is if you can wait that much and will you have profit left after the overnight and weekend fees.
Nick, so basically risk the whole account or double it ? That pretty much sums it up ?
This is such a lunatic way of trading - but hey! You're making money consistently so.... who am I to judge.
?? averaging in is the best strategy. preferably the 4 hour chart. everyone is hitting their stop loss and it is death by 1000 cuts.
if you know what youre doing taking stop outs tends to just be a drag on your bottom line. for some who have experience but maybe not ten years of screen time yet, that can be the difference between being profitable or not.
It's funny that people think this is just gambling. If you asked anyone how to invest long term, they would tell you to do this exact thing just on the daily/weekly. Only difference is you wouldn't close the position when it goes into profit when investing, and you would only be trading assets that typically go in one direction year on year.
exactly.
@@JakeNashPK 4 hours is the best time frame, a good balance between accuracy and speed.
Dont forget Nick trades forex. Forex is extreamly rotational aka not trending, therefor DCA can work, but if you use it on Gold, Crude oilor even Indexes you will not as good results as with forex and those markets can trend days or even months
Props brother, I would go insane trying to trade this way even if it works.
Nick , i love you ! 😀 greetings from germany
I lost hope in the strategy because i thought it works only on the bigger times frames but now that i know it can work for the lower's as well, I'm gonna follow your advice Nick and practice like crazy in my demo account 🗿
It would be nice to hear your story about your path to success. How do you get the idea to trade, why, and how the development was
Much larger lots, and slow how quickly the 1 minute bars are printing, then it will work like for like as your higher timeframe method
Hey Nick, I just found your channel last week and also started following your telegram channel. I took some trades i am in EUR/USD , USD/CAD and NZD/USD since monday. I see my trades are very similar to what you show on telegram so that gives me some hope that the trades will workout. But i was wondering due to the American election coming up should we maybe get out of all trades before election day? WHat is your view on that ?
general rule is 4% max of position size and 1% per standard deviation. more then 4 standard dev is rare and happens only on 4 out of 100. standard dev move depends on currency pair but is around 10 pips
lets be honest the only trading strategy that works is the inverse, reverse dragonfly, liquidity bump wagu beef , nippon island candle, nothing else matter... green pips
for me its the inverted supercharged subaru wrx freestyle board flip
@@ollie5707 guaranteed green pips
I actually do this, I even use a 10 tick chart. Doubling my account took me 10 weeks.
Can you make USD/CAD go back down please?
I'm running out of dry powder.
Thanks!
lol im sure in another dimension, you're actually a sucessful humorist
Hmmm I really want to give this a shot. Seems better than triggering stop losses
For the first time i have seen an advert on your channel
2:02 What's more probable in getting the experience? Trading one pair or trading multiple pairs? Won't I get further if I focus on digging one hole instead of 3 or 5?
i love what you do still trying to get there, but you have a straight forward strat that works, but im curious have tested it with any kind of like fundamental analysis
like maybe fading good news into highs ? Or something like that, love your vids always crack me and my girl up lol. Thanks bro
That is interesting, I am using this on the daily chart, it will be interesting to see if it works on the 1 min chart. I have subscribed.
Nick is always very interesting. Him, instead of being adamant about DCA, if stresses same much on hedging zone recovery with his own twists and variations, would be more beneficial.
Hi Nick! When you say pos size 0.01 lot per 2k usd account, what does it mean for crypto? For example having 10k USDT account and wanna trade ETH/USDT
9:10 - best position sizing advice
The Best for sure.
He didn’t have to flex that hard
Would it make more sense to do this with a less volatile currency? I could imagine tanking your account pretty quickly trading gold
So can I spread that 2k across numerous accounts to trade or is it 2k per account?
Nick, I have just started doing your method. But have also made mistakes. Having said that Iv tried something similar before coming across your video, and I'm shocked no one does it your way. But iv also seen some prophet before finding your vids. I really appreciate your teachings. They are my kind of style man. Its just a same we cant have guns in this Australia.
Last week I failed to make a good choice on a trade. Over $1000. But before that I make $700. I'm still learning. I do intend to do your course when I get more prophet able. This message will be deleted before the scammers come looking for me. I will message again. Keep me in mind man.
do you use cTrader?
Why would you pay for a course if youre doing well. He himself says you dont need to pay for it.
Thanks for your feedback. Doing well could mean many things, but with, WITH a mentor, I could do better. typo.
I backtest it it work amazing is it realistic to make 60% in a month cz in my back test thats was my bigest month?
That buying low had me like 😲
Dude, I cant wait to meet you one day...! When coming to Australia...?
the problem with this strategy you will lose all your capital if the price kept on going for days one direction but that rarely happen i know also you will have to wait too much but still simple and profitable strategy , i doubled my account in 5 weeks on gold using this
Fire video, love the intro 😂
i can imagine his wife holding the phone or the camera and just cringing out and holding her laughter every time bro pulls out his big gun xD
Does this mean I need to have an account with the broker and tradingview? Do I have to pay for it separately? What else do I need to pay? Thanks
well, and who trades when you sleep? this wont work outside the backtester.
Long timeframe mate. That's how you usually do this
Your system works.
exactly. Institutions do NOT use a stop loss. They use 1% of their account and let their positions play out.
Stop loss is death by 1000 cuts.
@@rg950 Did Nick mean spread 2k across multiple accounts or 2k per account?
@@rg950 LOL. Such BS.
I didnt Watch yet but i love this idea. Liked already
Problem is, whos going to sit there all day long in order to add to their trade, you would have to be locked to the screen waiting to average all day in hopes of it going into profit. Rather just play market structure.. But this is essentially how I pass eval accounts... Wait for an over extension move, take a couple contracts, every 50-100$ of loss, average down, eventually when it turns around you have about 10-15 contracts and when it drops below your entry price you're REALLY in the green. I do the same thing, but with a good method behind it so I am not wasting all day for attempts
Or just put tradingview alerts ???
No need to sit there, just set a bunch of limit orders and leave it as is
And this should only need to be done on losing trades. Therefore get better at not picking losing trades and only do this when required
@@c0smoKram3r Most people do not pick very bottom of trades, if you knew anything about trading you would know almost all trades will go red before they go in your favor.. If traders were that good to pick very bottoms everyone would be billionaires. Trading with this type of strategy gives you the ability to buy at a key level, and if it dips below or touches another level allows you to bring your average down multiple times before it goes in your favor.. Some call it a "feeler" position, instead of taking full size right away. Learn to trade before commenting.
Then trade something that moves faster, like gold and silver.
With this trading strategy, aren't commission fees eating up any profits quickly?
Hey Nick, I am in sell with USDCAD, doing the DCA and down %20 of my account. Canada's economy is in terrible shape and this pair is bullish crazy! When will this pair going to reverse? In the past, it went up 800 pips above the current price! Do you think it will go much higher? I am scared to lose all my capital
Both USDCAD (sell) and NZDUSD (buy) were both in heavy drawdown in the previous video and probably still are. Maybe the reason for the sudden lets look at the 1M chart instead of the 4H/D/W? Hopping from one method to another isn't great
At some point you need to close the trades and accept the loss.
The mighty US Dollar continues to get stronger based on Trump getting re-elected. It takes a brave person to short the USD in the medium term
when I went to this video, I got an ad, Nick, you said that you don't monetize your videos! ?
Also what happens if you do this with 8other pairs but 5 of them go against you
Do you just hedge them all out or cut some losses
So it's like playing roulette. Very cool.
Love you man
I love you too man
Hey Nick, here I see you mentioning a 0.01 lot size or 0.02 for every $2000 in the account (very very safe IMO), however, over the years I think I've seen you use much much larger lot sizes relative to the account size. I get the feeling you talk about 0.01 for every $2000 because you want people to have a low chance of blowing up their accounts. For those of us who see you trading larger sizing relative to the account, can you share what lot sizing you use? I say this, because starting with low capital, and using sizing this low, it will take an extremely long time to build the type of capital needed to quit ones job. In my demo accounts I've been using 0.1 per $2000 account balance, I seem to be getting away with it so far, but I do worry if it's too high.
This would be for the 1 min to avoid the extreme exposure to the breakout news that hits the markets.
What lot size do you recommend to a 150k challenge account with10k máx loss?
But how can i do this on meta trader, i dont have avg price when enter another position
swap fee is so high not worth doing dca on a small account if you wanna do dca at least have a 200k account and you can size up on your drawdowns so when price pull back you can make profit and cover the swap fees instead if you have such small account like 10k it may takes weeks for price to finally pull back to your break even point you can’t even cover swap fees it’s not worth it
Would you be able to trade this strategy on the micro futures contracts like the MNQ?
Big No don’t
You probably could try it out rn I did this same thing on micro NQ and was up 612USD in a day on a 30 second chart on a 50K sim account.
@@mehyeah2931 I'm concerned with trending days since it could be a runaway trend.
@@mehyeah2931 My main concern is runaway trend days.
@@mehyeah2931 My concern is when there is a runaway trend day.
loving this new type of content 😂
i will like subs and share, thanks nick
You need to trade the ES. It doesn't have the unexpected spikes in either direction, you can trade 23 hours a day 5.5 days a week. Unlike stocks, you can put stops that will work 23 hours a day. There is zero liquidity issues. Seriously, it is the only thing that you should trade ever.
What is ES ?
@@medstudding2760 S&P500 futures
@@medstudding2760E mini S&P he’s talking about futures
I know you love the institutional order flow liquidity shit.
That is what "institutionals"/banks really do most of the time. Simply, if it´s cheap, buy, If it gets cheaper, buy more. The average buying price gets cheaper and cheaper, and at the end, they always got the best price. Because they always got a ton of money, and they are cool with earning a 1% at the end. That´s one of the "deep top secrets". And that´s why no one can win against them lol. You all can go and check any public bank/fund portfolio, and look how they buy things.
I call it grid :D
what if you can not watch the chart, during the night time, then what
Even five minutes chart can I go to sleep? Thanks the video. You are so cool guy! Thanks 🙏👍
Hi guys. Do you know how Nick gets the Average Position Price line on his chart. Each time he put on a new position a line which is the average price of all his positions is on the chart
Honestly, .5-1% a day is not bad lol, it just seems small because of the lot size but as a percentage on capital that's not bad
the market makers are after you mate, be careful!!!!!
Why not use the d'Alembert principles to trade this way ? the base unit has to be small
So, 48 hours with allot of risk if it spikes, over 2 days, with eqyal profit as a well-placed normal bet over 10 minutes...
whats the leverage you are using for this 1min?
This strategy works like he’s saying the lower the time frame the harder it is to get this right.
which broker do you use?
Well done 👍
I have traded this before and the only way this method works is to have infinite amount of money, cuz one trade can go against you endlessly and you are forced to take that big loss which eliminates all your gains unless you have outlined zones and and a set stop loss for all of your trades, Maybe 100 dollar loss per trade for 0.01 lot size trades considering you add and continue increasing size for each 10000 dollar 0.1 lot and 1000 loss which is 10% of account
Bro come on, it’s like you never listened to a thing in the video.
Blowing the account doesn’t matter as long as you could double it multiple times.
Personally i multiply my account 3 times before blowing it on weekly bases
But i use a strategy that my first entry is very likely to hit tp from the first trade or at most second trade but if sometimes it goes against me i just let it be and wait on it because i never enter from a bad place where price doesn’t come back
Actually i just dropped a video on my channel with poor editing but i double the account with one and a half day while scalping
because my strategy gives me a lot of entery points on daily bases using only one or two pairs to trade
And remember this doesn’t work well on every pair as there are pairs that are way better than the others considering their average daily moves
@@Mooslight well im glad some of us can make money using this method cuz personally after blowing one account i kinda gave up and emotionally i felt this doesn’t work so I didnt start the second account, I believe i was doing very well using a stair pattern as Al brooks calls it, you know when pull back gets back to the break point and this idea was horrible cuz seems going against the trend is bad ( you know cuz u see break points gap are getting filled and then boom trend explodes like we see in gold these days) then i started to trade the trend and by trend i mean what i think about the price and the sad point was every time I was 100 % right about the trend, it was just the duration of the pull back that made me frustrated so i would just close the deal with a loss and here we go again, price starts to move in my favor ( imagine the anger and frustration ) … maybe i start another 1000 and divide that into 3 and play this method again.
@@Mooslightwhich pairs do you use? I was doing hedging on AusUsd and I’m currently in drawdown waiting for a move to my tp (months waiting)
@@TheFinikias lol what dou mean months😆? Just close it bro.
I don’t hedge i only open opposite trades if i’m certain the setup failed and go opposite way
And believe it or not i trade gold, bitcoin and gbpusd. I just uploaded the worst video on youtube in terms of recording but yo could see how i trade these pairs with high win rate first trades
@@Mooslight are the fees too bad with your broker while doing this dca strat?
How do you see only one line with the breakeven line of all your positions?
Can u do this in gold nick?
what id want you to talk about is your coffee machine.. why don't giving us the grand tour before you let us into your room?? it's only polite :)
Nice video, the only problem with 1m is that you are not going to be awake 24hs
Trade gold and silver. they move faster and give quicker results. Something like natural gas moves too quickly and should be avoided.
@@rg950 Thanks man !!
So what if the price just keeps going against you and never comes back
It blows the account
Well you must ask yourself am I long term short on an instrument designed for growth such as the S&P? Or am I trading in a market which ranges often such as a stable a currency pair. If it’s the latter you can DCA pretty well.
@@mehyeah2931 everything can range until it doesn’t
What leverage are you using?
Maximum ideally. So you can place more lower sized trades
Im gonna test it on evaluation account im gonna let u know if i pass the evaluation