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Butters replied Apr 21, 2023Hey The5ers, quick question. When a trader reaches their milestone for growth, how long does that process take? I'm planning on doing the High Stakes Challenge for a 60k account, so when I hit 66k for the bump up to 70k, how long will that take? ...
The5ers - Trading & Growth Program
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Butters replied Apr 21, 2023Stayed flat today. Wasn't gonna trade ahead of news so I just watched UJ. Been kind of a tricky week. Back to back FRD, FGD, FRD, now probably FGD. More or less range bound. Nothing wrong with sitting on hands when things are unclear. Better than ...
Volman meets Burke or My journey with PA
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Butters replied Apr 20, 2023Closed for+5. Woo hoo! Big money. lol
Volman meets Burke or My journey with PA
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Butters replied Apr 20, 2023Took a low hanging fruit for a quick scalp. If it doesn't hit my 25 pip target by NY close I'll close it manually before the spreads get wild.
Volman meets Burke or My journey with PA
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Butters replied Apr 20, 2023They're buying in South America too. None of this should surprise us though, BRICS has been around for over a decade and a half and made their intentions clear back then. Jim Rickards wrote about it in Currency Wars back in 2011 I think. It's an ...
USD/JPY Discussion
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Butters replied Apr 20, 2023I stayed flat today as I could make a bull and bear case for UJ yesterday. After today however I am in sell the rallies mode. Trapped volume above the initial balance high, structure, etc.
Volman meets Burke or My journey with PA
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Butters replied Apr 20, 2023China will have a bit of a population crisis as well. Their one child policy has put them in a precarious situation, and with the Chinese "zoomer" generation's "let it rot" mantra... doesn't look good for them in the long run. They are in an uptrend ...
USD/JPY Discussion
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Butters replied Apr 19, 2023I have some Al Brooks books. I need to read them. lol
Volman meets Burke or My journey with PA
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Butters replied Apr 19, 2023UJ is my weapon of choice, but I keep an eye on other pairs and will probably trade a couple other ones in the future, but I'm just sticking with UJ for now. I like to keep my focus narrow so I don't get distracted. As for setups, I like FRD/FGD, ...
Volman meets Burke or My journey with PA
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Butters replied Apr 19, 2023Thank you. SB's course has helped a lot. Before I would go to my screen with no thesis for the day and just look for setups, now I know what I'm looking for ahead of time. That was my one trade for the day, just watching to see how things set up for ...
Volman meets Burke or My journey with PA
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Butters replied Apr 19, 2023Short entry was 134.81, initial SL was 15 pips above at 134.96. Stopped out at 134.43 for +38 pips.
Volman meets Burke or My journey with PA
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Butters replied Apr 19, 2023Lock in the money and walk away.
Volman meets Burke or My journey with PA
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Butters replied Apr 19, 2023Stopped out for 2.5R. I'm happy with that. I'll see what sets up for tomorrow.
Volman meets Burke or My journey with PA
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Butters replied Apr 19, 2023In hindsight I could have taken a supply zone entry on the 1 minute and gotten a better price. Something to keep in mind going forward. I always forget to look at the 1 minute unless I'm looking for first bounce after news. lol
Volman meets Burke or My journey with PA
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Butters replied Apr 19, 2023True. I'm trailing my stop as I go in case it bounces.
Volman meets Burke or My journey with PA
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Butters replied Apr 19, 2023Went short on UJ. Sell high after FRD setup. Since it's at the high of the week the target is the low of the week. I put the TP at the upper edge of that demand zone, it'll be 7R if it hits. We'll see.
Volman meets Burke or My journey with PA