Using This Indicator I Passed An Eval In One Trade – Prop Firm Trading Strategy

Using This Indicator I Passed An Eval In One Trade – Prop Firm Trading Strategy

Transcript

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What’s up Traders so I’m going to show you how I pass a lot of my prop fir EV vales in one trade um I use the same method uh not as an aggressive way when um you know just making normal trades and even trading uh zero DT options so I’ll just take today as an example this is uh today and and basically I have pivots pivot Points on this is trading View and you could just see we come up we hit

The Pivot Point reject all this other stuff is just noise obviously later on the day I thought we were going to you know bounce off of this pivot point and we did it so I missed it it’s just noise noise we drop I took this trade today and I passed an eal just like that one trade and I not only did I pass an eval but I got hundreds or if not thousands of dollars throughout all my other accounts a lot

Of my accounts were down on the day because I was playing around in the noise not following my rules I made all the money back plus more right here taking a pivot point trade and we bounced and it ripped um and you could just see it works a lot of the time I would say there’s certain things that you need to understand it’s always the first touch so just like this we touch here we take it short and then when it

Comes back up I do not take it again and look now you’re going to say well sometimes it blows right through it you are correct you do have to watch the market um you know something like this it actually bounced you can see this Wick back probably closed here bounced and then we kept dropping but sometimes it blows right through it or doesn’t reject right away so basically I have a I get I leg in is what I do so I

Start lagging in about 10 points away from the the pivot point so just arguing say this is at [Music] 87 I start buying at 97 and I’ll I’ll leg in and then I’ll I’ll do like one buy at like 81 so if it goes over the pivot point I’m literally still adding and then on that last add my stop loss is 10 points down um but you got to realize certain things come into play like this right here 18 800 is

Going to be support so do I think it’s going to hit here no and so the other day I took the trade at 18 um 18800 right around here and I didn’t wait for the pivot point so the pivot Points are more of areas that you need to look out for I mean you can see we came down here exactly bounced I’m looking to get 10 to 10 to 15 points off the bounce or rejection and then after that um I

Bring up the rest of my orders to break even or for slightly profit so maybe I’ll I’ll do a stop loss where I’m only up Five Points so if it keeps running um I’m good or it keeps dropping I’m good depending on what way I’m going um certain ones I avoid though is something like this where it doesn’t touch the pivot point and I might have gotten filled a little bit because I didn’t get full my I didn’t get filled my

Full batch because we didn’t touch it but for 20 minutes we just cons consolidate right here I I was in this short we Consolidated for this 20 25 minutes I sold out we weren’t getting the rejection and I know the next thing that happens is we break up and over so you know some of it is you have to look you know was there news in the morning is news pushing us up is news pushing us down if news is pushing

Us up I’m probably not going to take shorts news is pushing us down I’m probably not going to take the Longs on it it’s just an area to look for a rejection or a bounce and it happens all to often I do not trade this after hours or pre-market so if you see us go like something like this you can do it I’m first of all I’m not up but sometimes I will leave in like a quarter position or a third

Of my position to play one if I think we’re going to do it but that’s pretty much it I never buy anything more than a third of a position uh for overnight but you could just see it it happens too often second touch we don’t play second touch but you can see we came back we retested and then we dropped um yeah so this method playing these pivot Points has made me a lot of money and I just kind of see

What the Market’s doing is really what happens and I set stops sometimes times you know it blows past it but a lot of times you see it come up rejection boom here’s a great example of you got to see what the Market’s doing ready lower lows lower lows you know this is for a closing candle lower than the closing candles here this is not showing strength at all so when we get to here am I going to take a full position

Probably not and I remember this happening this happened like not too long ago and I went in with like a quarter position and then I just got stopped out for the bounce but you know and then on the way up this is not resistance anymore but if you look we bounced very nicely off of this and once we’ve dropped so far I assume we’re going to blow right past this Pivot Point that’s why I don’t take them but these are just

Examples you go back here’s a good example you know I got filled on this and it dropped a little bit and then we came right back up I’m out I sell my whole position because this is showing me that we have strength here we’re consolidating the break did not happen and you got to know to take a loss and sure enough we went up on through um but yeah and this is a news candle so obviously when there’s a news candle

I’m not playing it but yeah so these are just areas that I play rejections and bounces um and these alone help me pass uh evals over and over and over again and you just kind of got to watch the market watch a couple other things that go along with the pivot Points but you’ll see these bounces happen all too often this is a free indicator on trading View and it stops you from trading this noise and just getting chopped up all

The time you know what am I doing just trading this no wait till it comes down comes near the pivot point I get filled we work up I sell and then I don’t get chopped up at all and if it doesn’t come down on a pivot point like this I just let it go hey I don’t trade so simple just don’t trade you know but look this thing drops I kind of drops from this pivot point you can see it bounces

Slightly here at the Pivot Point comes down right at this pivot point consolidates and then comes on right on back up so I’m just passing knowledge off it’s something that you should throw on your chart something to watch out for um I play this vwap 200 and orbs mostly I keep it simple I’m not here to make 18 trades a day 35 trades a day I’m looking for just a few quality setups every single day and I profit like I said

Today it was one trade off the Pivot Point got a account uh an account funded so comment let me know what you think