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You must also factor in a lot of the smart money or institutionals trading trend-following or momentum or fundamentals are still short SP500 and USD long for longer. And they can move the markets because of the vast amount of money behind them. The do not unwind their position next week I am guessing, I see no reason for it. But of course I might be wrong, that is why good risk management how much to risk per trade is always a crucial thing, in case anything gets wrong. My two cents.

I think this is worth a read, it has some good aspects about the timing when to enter a trade and what can be expected from that trade as profit target. It is especially when probably trend phases do occur. Got it from this forum elsewhere. Let me know when you find it worthwhile and have some value to you. Here it is attached.

For anyone trading Nasdaq100 and/or ETH crypto watch this correlation below. The markets seem to be interconnected to each other. Just an illustration how it works.

Here are some examples about the performance of some basic strategies attached. In addition from the very successful trader Kristjan Kullamägi who turned $5k into $80 million in about a decade is explaining his strategy in the attached pdfs here. Both might give some insights what works as starting point for your own research.

This is especially a seasonal trade after futures week expiry, where the September is the best month for this trade idea. Full strategy with equity curve + statistics on it.

Here are some charts why carry trading is such a successful trading strategy and thus to be watched. So one should care here about interest rate differentials on USA.

Here is a chart why Fed day on next FOMC meeting is not anymore such a good strategy to be long the S&P500. Since Powell it started to reverse as you can see here.

One of the best articles I've read thus far. I think knowing when to trade will keep me out of whipsaw markets. I started trading the AJ pair and I noticed this pair usually doesn't move in the direction its headed for the day until 7p.m. EST. It normally does false moves before that. I use the NJ pair as another confirmation and if I'm patient enough to wait until these pairs are both at a significant level, e.g. pivot point or previous resistance, I can usually catch a 70 pip move. Patience is my weakness, which I'm currently working on. Thanks for sharing.

I want to use 1 account as master and 3 accounts as slave.

What setting i need to do in sender and receiver EA ?

I tried 1 maser + 1 slave. It works
In sender EA :
see the attachment. should i mention tradecopy channel1, chennel2,channel3 like that ?

or tradecopychannel1,tradecopychannel2,tradecopychannel3?

In receiver EA :


?????

Pls study this image may help
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ok, I will set as 1,2,3,4 like that and test. Thanks.

I use social trader tools and it works really well.

Some interesting studies about the percentage of (consistent) profitable traders here. I have attached the corresponding studies. One can compare to MFF statistics.

This paper seeks to understand the differentiating factors between successful and unsuccessful day traders in Taiwan. The authors received comprehensive trading data from the Taiwan Stock Exchange from 1992 through 2006. They defined day trading as the purchase and sale of the same security, by the same individual, on the same day, which accounts for approximately 17% of the overall volume on the Taiwan Stock Exchange. On average there were 450,000 individual day traders during each year, of which about half (277,000) traded in amounts larger than $20,000 USD-equiv each day. The key findings were:

1. Any given year, only about 19% of the > $20k day traders made positive abnormal returns (i.e., did better than the market) net of fees. That's 1 in 5.
2. Only 4,000 individuals (less than 1% of the population of day traders) were able to consistently profit, net of fees.
3. The top 500 traders were remarkably consistent and generated outsized profits, earning net +37.9bps per day.
4. The "bottom" 440,000 traders (the overwhelming majority of the 450,000 population) lost about 25-29bps per day.
5. While the overwhelming majority of traders lost money - data showed a consistent trend that highly active day traders outperformed occasional day traders.
6. Trader performance was statistically more consistent and non-independent than random luck would predict. That is, the profitable traders (of which there were exceedingly few) were not just getting lucky.
7. Profitable day traders performed especially well trading few volatile stocks near earnings announcements - suggesting that the source of profits comes from their superior trading judgement and expertise in those stocks, and not from just providing liquidity to the market.
8. Insider trading may be attributable to some of the profits, and cannot be ruled out, though the consistent profitability of the highest performing day traders, even outside of earnings announcement periods, suggests this is not entirely the case.
9. The evidence suggests that profitable day traders "react more quickly to public information signals in their trading strategies" than the unsuccessful traders.

In conclusion, the paper finds strong evidence that day trading is consistently and highly profitable, even net of fees, to those with 1) the best information/strategies, 2) the best systems/access to trade quickly, and 3) the highest conviction/discipline. However, this accounts for fewer than 1% of all traders. In all likelihood, these are career professionals with great connections and highly sophisticated trading tools and systems. The overwhelming majority of day traders lost money, consistently, and worse than random luck would predict.
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This study is an analysis of all new day traders on the Brazilian equity futures market from 2012-2017. (Futures are particularly compelling for day traders in the USA as well, as they are highly liquid markets and exempt from particular PDT taxes that apply to day trading most other securities).
The distinction here of only using new day traders is interesting, since it very likely weeds out the highly sophisticated professionals referenced in the Barber study above. Rather, this study is probably a more realistic view of what an 'everyday' person can expect if they quit their day job and start day trading. Highlights and findings from the study:

1. The study covers about 20,000 individual investors who began day trading in 2013, 2014, and 2015, defined as an investor who did not have any day trades in the prior calendar year.
2. Returns clearly show that probability of being profitable goes down proportionally with the volume of trades made. That is, the most profitable cohort of day traders were those who only made a single day trade all year.
3. Of the most active traders (1,500 of the 20,000 population), data shows performance did not improve over time. I.e., those individuals did not learn or improve their skills in subsequent trades.
4. Of the most active traders, only 17 individuals (1.1% of the active group) earned more than Brazilian minimum wage, net of fees.

Overall, the paper concludes that "it is virtually impossible for an individual to day trade for a living, contrary to what brokerage specialists and course providers often claim."

Why the US stock market could be flat or bearish until end of next year. It is because of FED balance sheet reduction (or flattening curve), so no fresh money comes in. It is illustrated here. That means for the US Dollar it can get stronger until late next year. There are no signs that USD should be much weaker within next 12 months.

I have another indicator found why USD should be stronger or at least not much weaker within next 12 months. This is kind of overall market opinion here. Attached some charts. You see the spread of Inflation and 10y T-Notes bottomed right now or is on the lower end. That means higher interest rates and thus a strong(er) USD.

Found another seasonal indicator why USD should be stronger next week. Here is the web source: https://www.quantifiedstrategies.com...-in-euro-bund/
It looks like FGBL is rising because of lower interest rates then in Germany. That means weaker EURUSD thus a stronger USD in conlusion of that, other opinions here ?

why are you posting that here man :s

Cluttered with fundamentals/setting up bias is no good anyone here.

Sorry, but I have shown the statistics that 99% of traders fail being consistent profitable. Of course, if most traders here pass a challenge on a prop firm easily then it makes no sense to discuss any market direction. But this is certainly not the case. I have studies provided here as evidence. The MFF statistics speaks also for itself too.

Passed a Phase 1 challenge on a 50k account at TrueForexFunds last Friday. This time it was more challenging for me but I passed it. So my method works for me.