In Trading, I START On The Lower Time Frames.
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- čas přidán 25. 12. 2023
- 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/+TDVdM80j9lGfaWiP
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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).
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I swear this is the only yt person who doesn’t show ads… bless you sir
for real ... nick is a real one .... basically saying buy my shit or dont buy my shit im still good
Eye opening stuff bruh !!
Babe wake up, another nick shawn Vid is up
Nick - you are a trading North Star! Thank you!
I'm on my 2nd year of trading and have just started to be regularly profitable. I don't use a system and I trade very intuitively AND I always look at the lower time frames first because I (over time) realized it just works better for me. I always had a concern in the back of my head that because I am unorthodox compared to most conventional advice that I was just getting "lucky" for a long period of time. I am ecstatic to hear from someone with more experience that they trade in a similar manner! Thank you for this video-I am now subscribed.
Thanks for the video Nick, hope that cough gets better!
I agree with you!! I enter on M30/H1 using the H4 as the directional bias. So I look at those 2 time frames first. I will take a peek at Daily/Weekly just to make sure we aren't bumping up against a major level there. Otherwise you can really get analysis paralysis. If you arent planning on holding trades for weeks at a time, there isn't any reason you have to 100% go in line with Daily/weekly. That just adds a bit more confirmation that's all.
This dude is giving hope every time that I’m going to make it
You are bro, just keep pushing and adjusting yout strategy, you fail only if you quit
Dude Same here!
It’s ironic I just got funded by Topstep 100k account and I’m even more doubtful of my success now. When before I thought that if I could pass I “made it”.
@@brounkii ..excellent post .. nailed it ..
Thanks for all your content this year NIck. Have an amazing start to 2024
A big thank you Nick, you are the real deal. Your rational, simple approach confirms a lot of my intuition, which is not what the conventional wisdom recommends. Concerned for your health, hope it's nothing. I'll try to reach you... Go well
You are the one of the best teacher!
Thank you for all, appreciate for you work , that you do for free for a lot people. Let God bless you, good luck Nick, and happy New Year😉👍💪
Thank you.
you fuc*ing stud! Love it, thanks for sharing dude!
👍Thanks, yes, your videos are very helpful. 👍
The beard suits you man keep it. Thanks for another video ❤ happy holidays everyone
Sir Nick ,,,thanks👍
This is a gem💎
ty !
Nick you are seriously gem❤️
So bottoms up!
Much love from the Zuniga family! It might be free but it's priceless to others... 🎉 morales before poor rules.
I could not have said it better. This is exactly how I trade. I live on the 1 min to 15 min charts. Now and then I check the 1 hour.
5 minuter here and check at 1m and 15m every now and then
Keep the beard bruh lookin niceee
I’ve always started on lower first. I just I use higher for reference after looking at the lower
"I've been trading for almost 8 years, 6 of those being profitable..." 😂I've watched your stuff too much haha
@@nieck88 About 4-5 years?
@@nieck886 years
He was quoting what he says in every video
You Can do whatever the hell you want... 😅that's my best part 😂
One doesn’t get tired of watching Nick
I love the new look, god bless and Merry Xmas ❤
New Year's wishes for the war on the children of Gaza to stop 🕊️🕊️
I use the higher time frames first and go down to the lower time frames for entry. When I enter on the higher time candle, it inevitably goes against immediately.
Like the beard man! 😄
Me too, looking good Nick. Video is spot on, thank you
very good
The best... He tells the truth; and the truth is really simple. But %90 will not believe and loose money.
woooo new video
Thank you Nick for another helpful video. Do you no longer actively trade your compounding system to grow small accounts quickly?
The problem with the idea that if you randomly choose a market direction you'll be right 50% of the time is that unlike a coin the market trends. So the odds are actually different mathematically.. You see if the market was trending up then the edge is in the upward direction. A coin does not possess an edge. I hope that makes a little sense...
Technically, there is an edge with coins, especially quarters. Take a close look. It's actually possible to stand most coins on that aforementioned edge.There'ss even a non-zero chamce that if one were to flip a coin, itdoesn'tt land on either face, but rather lands on that edge.
All of that being said, it has nothing to do with the good points you've made, with which i mostly agree wholeheartedly. 🪙
Each trade in itself is unique. You cannot know for certain which direction a single trade will go, because of unknown variables that are different every time. Every trade has a 50/50 chance of going either way. Your edge is the probability based on your analysis (which can be many different things) that will play out over many trades. Take 100 random trades using the same SL, TP, lot size, and alternating long/short, you will fall into a statistical bell curve.
@@jonxross you are very silly. The market is 50/50 only when you don't use stops or take profit. The moment you use that the 50/50 chase is off the table.
@@paulnyagini 🤣I could be called worse. The market does not care what your SL or TP is, each individual trade has a 50% chance of price going up or down / win or lose. Your edge is based on many trades, determining the probability of which outcome is most likely.
@@jonxross the market actually care about SL or PL look at this if what you are saying is true then risk to reward of 1:2 should produce a consistent profit but i don't think so. Because your breaking even should be around 33% this means if you get a win rate of 50 you are already at green. The 50/50 comes when the expected volatility between risk and reward is equal. The moment you interfere with that the 50/50 probability is of the table.
Analysis from higher time frames to lower time frames works when the lower time frames follow the higher time frames..
Analysis from lower time frames to higher time frames works when the higher time frames follow the lower time frames.. normally, especially when there is news..
That's an old school strategy. Were you needed two screens to spot a trend . The problem is it doesn't work eny more. Just because the high and low time frame are correlated it doesn't mean the market will or is trending sometimes it could be at range mode and still correlated
Beard looks dope
Is that Heikin Ashi I see there? Good reversal/bounce indicator.
low timeframes show you what is unfolding in the higher. I like the 1m chart but I zoom out so far I can't see a wick. The idea is to make assessments for trades that are well outside the volatility range of a single candle. It amazes me how few ppl ever notice or mention this. Candles are very useful but also deficient b/c whatever they show you already happened and the reaction to it is well underway. For bias I just use long ass MA's like 300 - 1000. Way better entries and exits.
300 n 1000 🤔 .. interesting
I use the 500, 750, and 1000 on the one minute tf ny open…. Thank me later 😂
@@mrskinemcan you explain your moving average analysis
Yo Nick, I was wondering what brokers do you recommend to avoid degenerate ones. Thank you
This dude a soldier. Clearly unwell and still recording vids.
❤️
This man Nick... ditto on the time frames.
Me: “Ma!!!……Ma!!!!!”
Mom: “What is it dear???? Is everything okay??”
Me: “This bald guy on CZcams keeps screaming at me!”
Mom: “Just do as he says honey, he’s a FKIN LEGEND!!! Now start taking notes and turn your trading around!”
*just a thought in my head. 😂
Thanks again Nick!
*Excellent !!! I really do have a question. For someone with less than $10,000 to trade, how would you recommend we enter into trading ? I am looking at studying some traders and copying their strategy rather than trading myself and losing money emotionally. I would greatly appreciate any suggestions.*
I'm a beginner where can someone reach Mr Morris.
Trading as a beginner is quite stressful and discouraging but I'll linking up to your coach. This is useful info❤
Wow!!! I'm not shocked that you just mentioned and recommend Mr Morris. I learn and earn through he's analysis. Which speaks volumes about him
Mr Morris understanding of market indicators is impressive. He knows exactly when to enter and exit trade for maximum profit. He's signals are top notch
Thank you for the videos, my advice to Nick is please "Stop smoking" it's clogging your lungs and slowing down your heart function. Use herbal remedies to heal your lungs and heart so you can live healthy for us. We need you around.
🐐
Hey Nick, what's with the Eikin Ashi candles?
I have seen many of your videos and I thank you for the free system that I trade with 2 accounts because it is not Hedge in the USA, but this video seems to contradict some of your previous teaching, I have to say it's more confusing than didactic
Thanks brother for ur awsome videos. Just a question. Don't you look for any candelsticks pattern such as dojis, hammers etc. Do you just enter a trade when the price reaches ur support and resistence without any confirmation?
Look at the market structure when SR zones are hit. You can see when a zone is rejecting.
Nick your videos are super practical and funny lol, thank you for always keeping it up. I have an inquiry if I may: I think it would be really awesome and helpful for all of us who don't have much money to trade with, to watch you take on the challenge of passing and maintaining a big prop firm account with your system and stoploss (even if you think it's dumb)
That’s a very good idea if @nickshawnfx accept it!
Based on how he trades, his style violates some of the rules. He would fail the challenge.
Don't get your hopes up fellas. Nick doesn't like prop firms.
@@snippetx1632I actually think other wise. If you think about it, he says he trades a very minuscule amount of his trading capital. So if he were to enter a 100k challenge and with a daily risk of 5% so 5k. That 100k would be his “trading capital” the 5k daily risk would be looked at as his “small account” and he would trade 3-5% risk off of the 5k until the profit target. Just and idea, lmk what you think @nickshawnfx
@@snippetx1632 What rules does it violate?
I have never seen you use heikin ashi before? are you feeling oke?
Gems
any reason in particular for the Heikin Ashi candles?
What marketplace would you recommend for FX trading?
Niche situation but what if a stock is at a all time high and there is no resistance yet. Do you let it ride or choose your own price target?
Even if you end up to be right about the direction you will still lose money.expecially if you are trading CFDS because of overnight charges. What IAM trying to say your trend must offset the swaps.
Whats up with the Heiken Ashi?? 🤔
Wonder if your way of thinking would work on futures where I go though a prop firm and we can't hold from Daytime seesion though to evening session...Meanin if you have an open trade they will close it automaically at 4:45 PM and I mostly scalp
congrats, you discovered the trends.
Since when did you start using Hei kenashi candles 😅
nick can a profitable trader only depends on his income through trading? what do you do for a living other than trading?
Wipe from front to back
@@manchesteryoutube2108The most reasonable response possible.
@@manchesteryoutube2108 this is a very interesting consept of insulting someone I doubt CZcams aglo can spot it.😂
Can you share a broker monthly statement? You can blur out stuff you don't want anyone to see.
@@sdgfweraewrg trades and actual statements are 2 different things
Are you well?
@iManni what do you mean with are you well? If you claim in public you are profitable , then that should not be a problem
Boss aura
another backtesting video maybe?
Grow the beard nick...its suit you🔥
Who do you change your concepts of trading so often Nick since I follow you you have been hedging loosers then trading support and resistance than adding to your winning positions land now this
It all works. It's just different flavours of the same general idea, which is "trading breaks an retests of zones within a clear trend". That phrase that I quoted should be the backbone to your trading.
Nick changed the approach this year, from hedging through losers to adding to winners.
And I must admit his Telegram posts have been very juicy since then. Huuuge gains 💪
Just start as 50% probability in 1:1 scenario. Then just work from there.
Your system only works whenyou use spot if you use leverage I guess it does not work?
ik is repetitive for you never stop making vids brother
Nick, you have a video titled "My unfair trading advantage....." In it you are in the daily time frame and the trades ran for a couple of months with no consideration for overnight or weekends. Is that what you do? Or maybe you forgot you were on the daily time frame while creating the video. You might want to clarify that in the comments of that video.
damn im late
you are not breathing okay. Visit doc ASAP
Wait didnt you have a video about adding on losing trades. And now you say thats a bad strategy
Nick I hated this video, because you didn't include: smart money order block distribution fair value gap confluence accumulation 😅
I hate you Nick
First
the gold in these vids by nicky dick is when he talks about the reality of trading...its gambling, with an edge. Try to get more winners than you do losers, cut losing trades quickly, and and add to positions when you spot your on a run. Realise that you will have lots of losing trades, so position yourself accordingly. Gold advice.
i suck
Yes but you ignore fundamentals that's why you lose many trades lmao. Imbalance and order block always win
Aren't you supposed to be in jail?
For beating your a*s in trading? You should be in jail
Second
U taking BS in one vid you add to losing positions now you say you don't.. no live proof of your trading record I think you just staging those videos for views..
This recent yr sir all ur video is just absolutely nonsense. Can u even listen to urself sir. U just want to make money on youtube view while misleading ur audience