Mtops
Brief introduction to the new market update plan, plus forecast Hey members,
I will be doing 2 videos per day. A market watch in the morning, and a follow up video at days end.
I am in the UK timezone, so kindly adjust that to your timezone.
With my Ai models getting good enough to work off of, I will be publically winning or losing with them from this week. Tradingview is an abusive partner with how limiting it is, so I will be doing the Ai content on the social media that has a red play button (yup, that's how jealous tradingview is)
the market updates will follow the same format each time, quick and to the point.
I'll show you what I am watching and I'll guide your through each marke condition
Lets go!
Using the Reverse-Gann for forecastingYesterday you may of noticed that I didn't find a 'locked in position' for the reverse Gann, which was an indication that something was up
If the reverse Gann is not showing an obvious reading, then be on the look out for something weird about to happen...in other words the market has already created its turning point or the transition is about to crumble - crawl - reshape
Quick coding tutorial on how amateurs can create their own toolsI played around with tradingview scripts yesterday to test out some stuff I had on mind
Earlier this year I've been talking about Ai and how its shaking things up
If you aren't using it yet, start now
This vid helps demo how easy it can be
Getting REAL with trading and the pressures of lifeMarketers will hype up how easy trading is, only to disappoint you and leave you broke
In an age of significant change and transition ITS OKAY TO BE THERE FOR EACH OTHER
At MTOPS there are dedicated rooms to share the struggles and get real. Its important to remember that you're not struggling alone, humans are humans, and we gotta support each other through that
I am HAPPY. Got incredible news this morning. And algo works!!I am so holistically happy. Life just ramped up onto an entire higher octave
Last night I witnessed my new algo running beautifully, thus absorbing my 'open trade' anxieties.
This morning it's confirmed my 3rd child is on their way
We're buying a new house and my wife gets to be a full time mom again.
Life is immeasurably great
The age we live in makes me tear up with joy. I hope the same for everyone reading these words.
Building systems to support yourself whilst your busy livingI am putting all of my energy in to coding support mechanisms for when I am doing real life activities
If I were a single guy in his 20s I'd be able to chain a keyboard to my forearm and be present at every market move, but I am a family man who's out doing life therefore need virtual support to do the things I can't when I am not at my computer
We live in a n age were we can build our own tools to support us
I recommend each trader gets familiar with how to code, as you can have the best of all worlds these days
I also firmly believe that markets are 'future proof' and winning at this game will have offer more support than many of the other industries the Western World have created profit from. We're in a rapidly changing world, and its an adopt or drop off environment for many.
For those on the fence, put your attention to what's going to be there for you during this era of massive transformation
Market repositioned for the up move. My trading trick saved me I love trading. Having an open trade helps me 'feel' the market. This is why I have 2 accounts open at the same time, a paper trading account and a real one. Friday's sudden drop wasn't known to my real account.
We check for a symmetrical triangle and disqualify it by adding a middle line.
What I forgot to mentioned that I moved the SL up to entry once it have the entry enough clearance
Could Bitcoin be traveling into and UPtrend? It seems so for nowThere seems to be a new transition happening to the upside
Its still early however it does seem that way for now
I've opened a trade on my paper trading account to see whether that is the case, as having an open position has a lot more investment from an attention element than sitting on the sidelines would...there's something about being 'on the field' thats magic
I have opened up a Long position with 1:1 risk reward ratio which is said to double my position size. Stop Loss is in place, daily and max limit drawdown is considered ... all is set for my trade to do its thing
I have not opened up a real account trade as yet as I would like some more confirmations on the uptrend before doing that. And I need to refresh the rules of having a trade open over the weekend before doing so
See ya next week
How to minimize being dominated by FearSpoiler : its gratitude
I've gone through many emotions whilst keeping this position open, especially when seeing the PnL shrink
I lost sleep, exhausted my brain and felt many repetitions of the feeling vertigo
I had to get my mind right, so I took my problem to the forest and ask the divine intelligence Gods to guide me
They taught me that the best way to minimize fear is to be in a state of appreciation
that's not news to me so I then asked, how do I apply appreciation (given the law of familiarity makes listing things I am grateful for very boring)
And their answer was to unfocus the eyes and appreciate 'every' individual element that made up the togetherness around me
To make that more realistic (hard to focus on every single individual thing) they said to see the light and the love in the energetic web (which is why I assuming we gotta unfocus our eyes)
I did it and it WORKED
I am grateful for so much again. Opportunity to trade, etc etc
These sharings of mine are from a real person in real life circumstances. So feel free to absorb any value that you may find relevant
Writing up a contract with yourself. Preparation for new accountThe video cut before I populated all of my 'Contract with myself' Attributes were entered in.
Feel free to create your own.
Here are mine to help your creative flow:
Approach
Balanced Strategist
Supportive network
Resilient
Long-term focused
Humble
Calm
Adequately aware
Balanced response
Prepared with a structured plan
Can unwind
Realistic view of markets, understands market inactivity
Disciplined personality
Calmly engaged
Controlled excitement
Driven by strategy
Understands that opportunities are selective
Balanced curiosity
Reviewing charts strategically
Check charts out twice a day
Enlightened by the discipline of trading
Honoring the process
Patient with chart moves/setups
Respect the process
Maintain a consistent position
Prudent
Rational position size
Optimal frequency
Monitor the trade
Close as per strategy
Stop Loss properly set
Satisfied with a win
Content with fair outcomes
Impulsive
Respond appropriately
Balanced attention to the chart
Maintains positions as per strategic objectives
Emotional
Sticks to strategy, even if profits are tempting
Acknowledges fair value
Setting up MetaTrader for Prop Firm Trading. And why I did it I've been focussing on coding Ai to trade on my behalf and therefore haven't been trading
In realizing that I would need a track record of the Ai to beat I decided to get back on the markets. So I moved some funds around and started trading on a Crypto exchange where I would put my own money into the trade.
What a f#$@%$ headache that was.
Personal exchanges are there to make money for themselves as priority, and only kinda be there to facilitate your trades. Typical crypto exchanges (maybe others too) are unethical as well as unnecessarily complex.
As you've heard I took a 38% profit, which took a long time to make, and because their contracts section forced me to buy Bitcoin to put in the trade..even though I made a profit, the overall amount decreased in value, essentially creating a loss. Grrr!
So to hell with those gross exchanges and back to trading OPM (other peoples money)!
In this video I'll show you how I have my MetaTrader 5 set up.
I'm just waiting for the account login details to arrive and I'll that fully set up soon and ready for action asap
Welcome to the real world of trading
Live Trading, No Room for BullSh*tIn this announcement video I chat about joining 'The Leap' trading competition
In light of Monday's video, I am going to document what real world trading for a living looks like, to help those who are looking to change their lives but unsure of what it truly takes to make a living from the markets
I also am going to take the best of this month's footage and create a paid course from it
The timing of this is perfect for my man versus machine idea, as for there to be something to measure against, there needs to be a measurable record of what a human can do.
I also spent the time of digging deep to who I want to become and who I want to move away from (I suggest you do the same)
Tight Stop vs Loose Stop Loss, and where to set eitherIf you've been in the world of trading for a while you would've come across the heated tight SL vs Loose SL debate.
Unfortunately most traders don't know where to correctly set either
In this vid we cover that as well as the topics:
> quick intro to prop firms
> how to restructure a condensed market
> other stuff
A live example of why not to counter trend tradeNot a long video, but in it a quick reminder of a recent example of why not to trade every market move
Trading with trend you can enter late and exit early and still be profitable
If you chase every turn on the market, moves such as the last 24hrs could torment ya
(and yes I played a tiny bit of Linkin Park for no particular reason lol)
Downtrend Continues. Lets chat about mindset todayAfter getting back onto TradingView to do some more daily market updates (which wasn't the plan) I put less effort into the market setups as I'd gone over to the otherside of the progression curve.
Students have the same thing happen to them once they have gone beyond the honeymoon period and then into the management of their patience and discipline rather than absorb more exciting breakthrough live changing material.
During the symmetrical triangle non-trade period over the last few weeks I didn't have anything to prove, so my level of action wasn't on the same level as it would have been when trying to prove a point. This means I got lazy on looking at all the options and also did not consult the lower time frames to consider their structure etc. I am saying this because all students will eventually get to this point themselves.
So to deal with my emotions I went into wild nature and asked the 'nature gods' to guide me, and they did. I was reminded of what got me through the mental struggles, the emotional struggles, the physical struggles and all the struggles. And for me, that was packaged into 2 powerful-to-me words "I win". And for anyone who knows my story, you'll know the endless challenges I have overcome.
If you have been wobbled by life, ask yourself "what is unique to me which powers me through" and use that to be at the forefront of the game!
Much love!!
How to spot a symmetrical triangle, and why it mattersToday we chat about a range of topics
> why not to trust convenience or black box solutions
> why exchanges aren't your friend (and your capital is)
> why scaling is so important to geometric forecasting
> how to spot a symmetrical triangle and what it means to you (aka you're not allowed to trade during a symmetrical triangle
> market structure & trend recap