Let me tell you the story of our newest funded trader. Below I will show the picture of the trade statistics of all traders currently going through the 2nd step of our Program (the Qualifying Session). We'll talk about the guy who takes the first line in that table. When you see "win" after the account number starting with "Q" it means that the trader has actually passed their Qualifying session and is now in process of getting funded. I would like to show you how this trader deals with intraday trading (he only trades ES to make it easier for us). So let's start from day 1. Not the easiest day to trade - a range day. You have to know the difference between the range days with limited opportunities and the trend days where no-one knows when the index will stop growing (falling). Still day 1 was a ranging day and our trader seems to be pretty good at defining the ranges. So he new thatat the bias is bullish despite low opportunities. But using his techniques, he was able to find an entry spot with a little SL, anticipating the new high (takiing into consideration the higher TF growing bias. So see what he does: 1. Takes a long trade as low as possible to exit when the current high is overcome 2. He exits right after this happens. He knows it's only a ranging day and he doesn't want to hold his trade for too long. 3. When the market seems to come back into the range, he tries to take a short from what seem to be high prices in that range. 4. He breakevens when he sees no strong downward reactions towards the range lows. 5. He takes another good long because he knows that bulls are winning today. This is exactly the intraday style of trading I'm preaching - define the type of day and trade it . Don't read INTO the markets, rather read out of what they can offer. Here's the next trading day. It opens above yesterday's highs, has a very smooth Globex session (tight range, no signs of going down).I'm quite disappointed he is unable to hold his long trade here: (Framed is the trading day we've just looked at, green is a long trade he took but for some reason was unable to hold). Here is a final example of his trading. I'm deliberately giving you the examples of complex (ranging) days where it's hard to decide which direction the market is going. 1. He sees that the market opens above previous day's highs but he's unsure why there's no instant reaction to that in terms of good long trades. 2. A clear mistake - trying to take a short trade near the market lows. Thanksfully, he keeps his stops tight and doesn't allow that short to turn into a disaster 3. Being willing to take a small loss, he is rewarded with a good long opportunity. 4. Counter-directional trades. Luckily the last one brings him back into that day's range. But had it been a trending day, that would have been another loss or breakeven. So let's draw the line. Intraday trading is full of surprises and even if you know your product well, there's no guarantee that emotions will not overcome your common sense. As you see, our Qualifying Session trader is willing to be as much time in the trades as posssible. It turns OK to him because he knows what he is doing. But had he been a novice, it would have been an account-killer for sure. Wish you all a good understanding of what the market is doing... And never risk your own funds as we're ready to get you funded whatever your trading style is. Best of luck in trading! PS. We'll be holding 3 free day trading tournaments next week. You'll be able to take part for free and see how other traders are doing real-time. If you are lucky enough, you'll win a Practice session or maybe even a Funded Session. Never stop learning! Slava, LMI Funded Trading Team.
You post intraday chart images without any intraday time period markings whatsoever (other than day breaks). WTF? Meaningless unless someone wants to go through the trouble of lining up their chart with yours trade by trade. Put yourself in the shoes of those you are trying to entice. More not less information helps.
Sure, thanks for your suggesstion. As this is an auxiliary module, these lines are switched off by default. But we'll fix that.