NICK SHAWN CONFRONTED ON A ZOOM TRADING SESSION.
Вставка
- Опубліковано 28 вер 2024
- A recording of our recent live group Zoom Q&A session for MissionFX clients.
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...
My free Telegram where I've shared my trades and analysis for 6 years - t.me/+TDVdM80j9lGfaWiP
The gold is at - 1:00:35
Listen to this point as it ties together everything Nick has said in the last 6 months into a tangible challenge for you to undertake. Watch it, write it down and forward test it. Come back in 6-12 months and tell us all what you learnt.
Good one Nick. Thanks for spelling it out for us all.
Thanks Nick and members!
^ Comment for your algorithm + 👍'd
Interesting approach to trading. I once listened to a trading audiobook in which the author said there are three stages of trader development:
- 1) mechanical trader (can already be consistently profitable)
- 2) kind of creative trader (forgot the exact terminology he used)
- 3) intuitive trader
And there can be blends of all of the above
Nick, "It's intuitive..." does not explain it !
He did explain you just didn't understand it.
@@brendonking5489 So those of us who do not have divine knowledge/intuition... should just subscribe to Nicks service and shut up about it?
@@gerardb2 No, you should gain experience 🤫
People are asking... "how do you get that intuition magic... what patterns do you look for, what time periods...?"... no answer
@@gerardb2 he says with experience. He uses the 1 hour and only sells over extended markets. He goes for a 1:1. He puts the stop in an area he doesn't think price was hit. I'm not sure you watched the video.
sounds like your whole system is fully 100% subjective based on "feeling" and intuition. There is no teaching material. You might be great intuitive trader, but you cant teach it to others.
He taught what needs to be taught. Manage your risk appropriately and get the intuition in time. It all works and it all doesn’t work. You must learn through experience what works for you. All the fancy bells and whistles of indicators and charting is more or less unnecessary. You simply need a way to get a bias and manage a trade and he gives that.
@@WilliamSutherland that sounds so abstract. I do get your point though. However, I don’t think the way nick’s is pushing his way of trading and thinking will make anyone consistent long term trader.
@@m9cZOR his approach is simple not easy. Pick anything that gives you a bias. That bias is basically a 50/50. The same as flipping a coin or any other random method. You then manage it using a 1:1 risk reward. If you do this you likely won’t lose much or make much, but you get the screen time. The only way to be successful is experience. The market has a pulse that you must be in tune with. It changes daily, hourly, on the minute. Ie it changes due to news, events, big traders, time, market regime, etc. You can’t predict any of it, but given enough observation you can feel what is going on and adjust accordingly. You are correct that it can’t be taught, but a method to allow you the chance to learn can be. That is what he teaches at its core.
@@WilliamSutherland Somebody asked "how do you differentiate between a trend and a reversal point... no rational answer given.
Exactly my sentiment...
Why did this guy give the first caller a hard time about defining a trend, then casually talk about the GBPJPY trend with the next caller? sounds like he thinks being a contrarian means he's enlightened
Was wondering the same. It's all subjective.
I thought this guy preached hedging also….
I'll forever do Nick original trading strategy break and retest in a clear trend words of a genius
I just went back to it lastnight most simple and intuitive process to me
@@akudowells869 and if you wanna look cool you can add Fibonacci to it but you don't even have to
The Bullish beef wagyu technique
Hahaha😂 correct! I just refer to it as simplicity 🙂
Do you have the video where he explains it?
You cracked it 😅
Nick, you fucken nailed that Aussie accent ya maaaad dawg! Haha, legend
The trend in which your hair grows is definitely objective so because it hasn't grown how you want in the past you shave it all to not look crazy because of how it grows in the past.
HOW you think it looks is subjective, HOW it grows is NOT.
Same with trends and STR/RTS (support and resistance) The past data is NOT subjective it's objective because it's truth. Thats why we use previous data...
But hey, thats also my opinion so its subjective ahhh i get it now
How can you hedging in the same account, whenever you have a short position if you hedging buy it will close that short position out asap?? So please let me know how can you hedging??!!
i believe that if a broker doesn't allow it, Nick uses multiple accounts.
Bro your logic and critical thinking is so humbling. 😂 Your mental samurai skill is insane. Real life Merlin FRFR. Thats some serious mental jujitsu you have. Much respect and admiration🎉
Who knew the Amish gambled
😂😂😂
holy shit this made me realize so many traders are idiots
That you see so many sell courses
@@William.-. Those sellers gave up on trading and decided selling their "advice". Same with all the youtuber's with super edited 10 min videos.
@@TheOfficiaITristam it's wrong tbh. Then the students tries to become the masters and decide to sell courses from their previous master. It's a bad cycle.
Babe wake up, Nick Shawn just uploaded peak content.
*Excellent! I really do have a question. For someone with less than $17,000 to trade or above. How would you recommend we enter into trading as a newbie? I am looking at trading with professional trader and copying their strategies rather than trading myself. I would greatly appreciate any suggestions*
I would suggest to reach out to Mavis. What impresses me most about Mavis is how well she accumulate profit for client's and explains basic concept of winning before actually trading for you. And letting you use her trade signals. And she will also teach you how to trade as she trade for you, and let you know when to enter and exit trade for maximum profit as she trade for you. This goes a long way to ensure winning trades.
Please I'm a beginner, where can someone willing to start up trading reach Mavis?
She's mostly attend to client's faster on Telegrams, using the user name.
*Mavis131大大大 ...that's it*
I'm very shocked that Mavis name was mentioned and recommended. I learn and earn through her analysis. Which I always speaks volumes about her and also recommend people to her
so does he still use DCA to manage the risk or fixed SL?
I heard he uses fixed stop loss. Based on what he said about hedging in this call.
nick shwan please answer it, why you didnt hedge every trade why you put stop loss
Good Video Shawn
They are over thinking it.
Nick, when you say you use intuition, I would argue it's not. It seems like intuition but that intuition is based on your deep study of of patterns etc. I would ask you to re-consider your analysis and maybe it will be something, if you are willing to share. 17:00 is a perfect example of it.
For the guy that ask about lot of losing trades in a row this is my answer. If u doing what nick do so getting 50/50 trades there is a thing called variance. Read about it and u understand. Thats how maths
work.
This was a great session Nick. THX
oke so grid trading is the thing like i already do and does not cost me like 250-1000 a month nice video btw.
90 mins of chat and not one person knows where its going ,,,no tools ...no elliott wave ....no fibs...lol ....do any of your clocks have hands...any of your workshops have tools ....nothing is random when it comes to trading ....every chart has a map which you can learn very easy in 3 hours...
But no one knows with certainty where price is going next. The maps are often wrong. One person using a billion indicators and tools might be only as effective, or less effective even, than someone else using basic support and resistance. Nick primarily teaches the importance of risk management and keeping things simple, which in my opinion, is very good advice. People can use whatever tools and indicators they want though
@@cogwun indicators are useless...and you can know where price is going to a certain degree. With the proper correct teachings....which nobody i said nobody on the tube is showing you..
@@zedek7777 I agree, you can predict price to a certain degree (I don't really agree when Nick says you can't. I think he contradicts himself regarding this, to some extent). But it's far from certain, and most traders win rates might be around 50% - 60%, which is all you need to consistently make money if you practice good risk management.
"With the proper correct teachings" sounds pretty subjective. Basic support/resistance is simple and effective. I like the idea of starting out with an approach like Nick's, and possibly introducing a couple of other TA methods, such as fibs, or learning about open interest and order flow, in order to improve the win rate in the future.
@@cogwunI am curious what type of risk management Nick teaches?
Hedgeing is absolutely not the same thing as just closing at a loss. Hedging a position would be closing at break even because you have a lower entry. One position will be -5% the other will already be +5%. On no planet is that the same as closing at a loss an entire position at a loss. This video really makes me want to unfollow... Trading is highly subjective but you explain nothing at least in the past you said you trade based on S/R
what the fuck this dude been eating? DAMn!
W Shawn
Do we have a new ICT narcissist on our hands....🤔
The modern English version of Gawain is Gavin. You can say Gawain just like you say Gavin or you can replace the 'v' noise with a 'w' noise but still keep saying it like Gavin except for the w sound. :)
Nick Shawn auto like! 😆 🤜
Furu
I like your style but you could learn to read smaller time frames and find more opportunities , maybe missing something
He uses 50-100pip targets. You don't look at a minute chart and expect to take 100 pip trades
but nick there are videos on your youtube about hedging and you always preached about hedging. what changed?
Intuition told him to change 😂
Love it - I think I began watching it 1 min after you uploaded. Nice to see how these conversation unroll.
Nick, i have a question regarding the statistical probability of trading. You’ve always stated that it’s 50/50 and that price either goes up or down. In trading, can you stack these probabilities and give yourself a better chance? For example, if there are two resistance zones, the first one has a 50/50 chance of bouncing or blowing straight through. Assuming it blows through and goes to the next zone. Could you argue that it only has a 25% chance of blowing through the second zone? Almost like if you flip a coin twice and the chance of getting tails twice is 25%. I’ve been in the market for about a year now and i’ve always noticed if price doesn’t respect the first zone it tends to bounce at the second, what are your thoughts?
Nick's current strategy is essentially just what you defined and he has a documented win rate of almost 90+ Percent. He just waits for price to over extend way further in one direction than it "should have" before entering a trade which yields in a higher chance of it reversing as in an ideal scenario price would've reserved at previous zones. Now that price hasn't respected those zones, it's highly likely to respect the one coming after it.
Although I would still want him to answer this question because I would also want to hear his thoughts on this.
(I'm not a profitable trader, I'm just saying what I think and what I've learned here!)
Great question and context - in this video, there is a portion of the call where I have the first conversation with a client named Brandon, and I discuss this concept in more detail, watch the video and during that part it will provide more context to answer the overall just of your question 💪
@@magistricalbeats253 The problem is that the 10% lose rate will blow up your account when you stack 8 positions on top of each other and in the long term you will break even unless you bet a very small part of your capital and keep taking the profits out and allow that small account to blow up
It does no work that way. It always have 50% to go down or up, no matter what happened in the past. Is like it starts over again. If not, the martingale would work like in the 5th o 6th time!
@@Matetodaslasmananas The probabilities are calculated at the start of the experiment, which is why going down a secon time is 25% even if the individual chance of going down is 50% twice
I fancy Nick's philosophy content but definitely feel bad for any people trying to learn this sort of a method. I got profitable and funded after 4 years of chart time, it took me a few grand spent on coaches and some bad actors to figure out what a trading coach should REALLY do for you.
Once I found the right person, it took me a few months until all those years on charts clicked and I have been profitable ever since (and yes I still pay for the same coaching monthly to stay accountable and have a community).
There's a clear strategy, clear entries, exits, and other concepts to understand exactly what you should do and when. No indicators, pure price action. If you break the rules, there's always a mechanical reason for why you lost.
I do agree that it comes down to experience and chart time, but I can literally write down the market conditions, rules and reasons why I take a trade and why that was a win/loss. Trading is an asset management business, and no business plan should rely on "intuition".
But each to their own and everyone needs to go through their own learning curve, I'm sure his coaching gives some perspective if anything and his psychological approach is definitely a healthy one.
I'd love to know who that "right person" was. Care to share?
@@jixxxerrr DodgysDD, trading mostly futures. All his stuff is free on YT, don't even consider buying the course. The only service I pay him for is the premium live trading (every day for 2-3 hours), which is for people who are trying to become advanced and see everything in live time (not a signal service but he does call nice trades too).
Ema crossover candlestick wagyu beef bullish bearish steak candle
i dont think S&R is subjective but i get what hes trying to get at
Trend is relative to timeframe - and the higher the timeframe - the higher the lkelihood of that trend continuing in that direction regardless of the lower timeframes - trend is not subjective .
Canoeing towards pip island lets go!
"trend" folks will also tell people who short on a shorter time frame who get stopped out that they shouldn't have been shorting "since the market was in an uptrend", then they'll give them the higher timeframe to prove it was an uptrend from their perspective
If you are taking a 1:1 trade all the time and you are right about 50% of the time, over the long term you will just be at break even, am I missing something?
What's the point of these videos if you're saying everything is subjective? You're not teaching anything you're just saying this is what I do with my experiences and everybody else will have different experiences and have a different subjective opinion when making trades. So everyone just basically do what you want and hope for the best. Great coaching
You’re looking for something to copy. You can hear it. You looking for enough different opinions for what. There’s is one answer with multiple Ways to announce it. He’s just doing the obvious price action. Youre not learning if you just want your questions answered. You know you will need More experience Or there is lack of trading opportunity due to no set up. Not hard.
😂😂😂
Nick basically teaches that tech analysis is subjective, and that risk management and keeping things simple are key. He highlights that many traders use all the wagyu beef indicators under the sun to predict price movements, but their success is often close to random 50/50, and 95% of traders lose money. He says you can use whatever indicators you choose if you want, but it's important to discover your own strategy and develop an intuition which will occur naturally through time, experience and being observant. But primarily, he teaches risk management, and poor risk management is perhaps the primary reason why so many traders lose money.
I'm not sure I entirely agree that all TA is COMPLETELY subjective, or that price action is always just 50/50 up or down, but I think that it's at least largely subjective. I think Nick's viewpoint is not completely true, but largely true. Hope that makes sense.
@@cogwun Makes sense, thanks.
Been following him for the last 2 years and i’ve become consistenly profitable thanks to his point of view. I really agree that many things come with experience like “i’ve seen this a million times before and almost always X will happen” And for sure it is not a system you can get easily but it works. His trades work over 80% of the time. I recommend you to keep listening to him and keep learning on your own. Do your own trading but check his reasonings along. GL
Nick wouldnt it be subjective if you dont consider the time frame you are looking at? certain ranges respond in certain time frames with a higher % chance... but if you take say 1 min pattern and go back to hourly to look for it to play out, you probably wont get the result you want.. so that would be random. wouldnt staying on the same time frame be non subjective then at that point witht he right time frame per move?
Nick is not wrong. Just belittling in proving his point. I expect he'll adhere to his ethos and elevate that aspect of who he is as a mentor
thanks man
can you please share your opinion on trading with 1:3 R:R?
This is the best way to understand that the market is merely Direction, Intuition and Volume
Where can i get notified to zoom calls??
Such great content thanks for sharing once again
I like this approach, it makes more sense than any indicator
Classic Nick! I luv how you handle your biz bro 😎 lol 😂!!!
Nick, your beard looks very intimidating.
Yes trend disproved
Timeframes themselves are subjective. You can use almost any timeframe interval imaginable to draw you candles sticks. There are some charts that don't even use candlesticks. People just gravitate to common practices.
that duncan dude is not very smart
best part of the entire recording is the recommendation to check out Sam Harris. I read "Letter to a Christian Nation" and he hit the nail on the head, as he appears to regularly do. It is all about seeing thing for what they actually are. And this holds doubly so for the markets. You can't predict or wish anything into existence. Control what you have the ability to control... Entry and Risk... that's about it.
I missed a great session this morning!
And Nick does it again❤
When I trade trends, I completely ignore the higher timeframes. I just focus on current price direction on my chosen timeframe. Following a trend doesn't have to involve multiple timeframes to "line up". Price is random, and every timeframe's support and resistance has equal chance to break, so it doesn't even matter using higher timeframes.
Well..HTFs do help if your current TF is in the short term ranging ..yes? ..I get you tho ..and don’t completely disagree with you on this ..
PRICE is never never ever random
@@zedek7777 Lol. Whatever you say buddy. Looks pretty random to me. If price was not random, then everyone would be making money. But that's not the case, is it? You're chasing your own tail every time the "market conditions" change, and you can't seem to settle on a strategy, because price is just doing its own random thing.
Fundamentals like news releases, etc. is just an over-engineered RNG algorithm that just pushes price up or down in unpredictable ways.
Think about it. Let's pretend that a pseudorandomly generated line chart had "fundamentals" behind every big move. Now, you suddenly find that fundamentals don't mean anything, because you can create a fake theory that explains why a pseudorandom line chart behaves like it does. Whether it's fundamentals or an RNG algorithm, both are pushing price randomly up and down.
Forex price is the result of MILLIONS of market participants around the world... with their RANDOM little opinions... trading with RANDOM sums of money... at RANDOM times of the day... for a RANDOM space of time throughout the day.
That's as bloody random as you can get.
Belter video. thank you mate
3:31 haha Leon leave your nose!
Good live Q and A's. Enjoyed it very interesting.
Why dont you trade Gbpchf nick?
because religion
Scamster