Speaker A
So in this video, I'm going to go over all of the trades that I took through the past two weeks in order to receive these payouts. As a reminder, we started the series about two or three months ago with
JJ Simon breaks down his $1.8M prop firm trading strategy with detailed trade analysis and payout updates.
Key Takeaways
- Consistent use of 38-25 risk-reward ratio is effective for passing prop firm evaluations.
- Trading reversions to session opens and breaks of structure are core to the strategy.
- Funded account trades target larger point gains compared to evaluation trades.
- Managing losses and layering entries can improve overall profitability.
- Market session timing and price action analysis are crucial for trade decisions.
What the video covers
- JJ Simon reviews trades from the past two weeks contributing to $59,000 in payouts.
- The series started 2-3 months ago with documented payouts reaching $1.828M.
- Focus on evaluation trades using a 38-25 risk-reward ratio to pass prop firm evaluations.
- Trades are mainly based on price reversions to session opens and breaks of market structure.
- Differentiates between evaluation trades (smaller targets) and funded account trades (larger targets).
- Uses session opens (6:00 p.m., Asian, New York) as key reference points for entries and exits.
- Discusses handling losses and wins with multiple break of structure entries.
- Emphasizes consistency and risk management, including adjusting stop loss and take profit levels.
- Shares insights on market behavior during different sessions and how news impacts trades.
- Highlights the importance of layering trades and adapting strategy based on market conditions.
Chapters
- 00:00Introduction and Payout Overview
- 01:55Trading Strategy: Evaluation vs Funded Trades
- 03:57Morning Session Trades and Break of Structure
- 05:58Afternoon and Evening Session Analysis
- 07:42Asian Session Trading and Entries
- 09:22New York Session Trades and Adjustments
- 11:22Risk Management and Trade Layering
- 13:27Summary of Recent Trading Performance
Full Transcript — Download SRT & Markdown
Speaker A
1.5 million dollars worth of prop firm payouts. So far, it's been documented every payout up to 1.7, and now we are at 1.828.
Speaker A
So getting close to that $2 million mark. Very exciting. Of course, you can watch all the other videos. I will show every payout, refresh the screen, everything like that. I received $59,000 worth of payouts in the last two weeks.
Speaker A
Here is my rise. You can see all of the payouts after the 7th, which was when our last video was recorded. So there's another $25,700.
Speaker A
Lucid. I can refresh really quickly. I had three payouts from the live, 10.3, 8K, 7.6.
Speaker A
And then E8, I actually have three pending. E8 does pay to rise over here, but I have three pending. We'll call it part of this week since I took them on Friday. So that's 59K for the
Speaker A
week. Let's get started for this week, August 9th. There was a bit of a gap to the downside, so I wouldn't take continuation long since they are offsetting. After that, just assuming 6:00 p.m. opens at a fair price, I'm
Speaker A
only going to look for reversions to 6:00 p.m. For the entry, we could probably get in here as kind of the first opportunity we have at a reversion. Pretty nice trade right there. And as a reminder, I usually or actually always do 38 25 as my
Speaker A
evaluation trade. It's a 1 to 1.5, and it is the best way to pass the prop firm evaluations. Next, it isn't get far enough away from the fair price to trade a reversion. So I would just wait until
Speaker A
Asian session open. Asian opens here. First candle is red. So I would the first two candles, I guess, are red. So I would adjust fair price instead of looking back to 6:00 p.m., which opened about here. I would
Speaker A
only look back to Asian open because when it opened, its first move was down.
Speaker A
So looking for trades to the Asian open. I wouldn't take the continuation because the open was red and there was no break of structure down. But here you get a break of this structure, giving you a nice trade back to the
Speaker A
open. Whenever it gives 50 points, of course you can go for 38 on an eval. But usually when it's more than 38, it's a good opportunity for me to take a funded trade. Just because 38 or less
Speaker A
are usually my eval trades. And then 38 or more, usually like 50 or more, to be honest, are like funded account trades where you go for a lot more points. But anyways, pretty easy reversion to Asian open.
Speaker A
And then I guess I'm technically done at 9:30, so there would be one more entry here at 9:29. Nice break of this structure.
Speaker A
Just trading back towards the Asian open. Unfortunately, this one would be a loss. All right, now 9:30 a.m., we have a nice green candle on open and it barely breaks structure by like one tick, so I would technically take the continuation
Speaker A
long. 38 25 since the opening candle's only 19 points. That would be the first trade of the day. After that, huge move down.
Speaker A
Obviously looking to revert. A possible entry would just be this displacement candle here. Not pretty much nothing else, unfortunately.
Speaker A
So that would be a nice reversion there. After that, there's another move up, so I'm of course going to look to revert back towards the open. First break of structure entry you get is here.
Speaker A
And send it in for 38 points. Pretty easy. Could also send it on a funded account for 56. Usually with funded accounts, I'm trying to target as close towards fair price as possible. So if you're on funded, this would be a good
Speaker A
one to send for exactly 56 points. Of course, you can send fundeds for more points, less points, doesn't matter too much. But funded account or eval, nonetheless, obviously taking the trade off break of structure. Hopefully win that one. After that, nice displacement
Speaker A
candle here. Would definitely take another entry. And then finally, one more entry off another break of structure. This one obviously breaking one, two, three structures all at once. Very, very strong setup. So a nice reversion there to end the AM
Speaker A
session. All right, now 6:00 p.m. opens, you get a nice huge green candle. Unfortunately, I bought at the top and barely saw any profit. But it is what it is. Follows the strategy, so I'm going to take it and not complain. After
Speaker A
that, pretty heavy downtrend, so just waiting for it to break structure, which we would get entry right here breaking this structure.
Speaker A
You see 33 points in your favor, so seems pretty good to send an eval back for 38. Unfortunately, lose this one.
Speaker A
And then at this point, it gets a little bit interesting. You could either enter here at 7:35 or wait for the Asian session to open.
Speaker A
The reason why entering here is good or bad, like it kind of depends, is if your trade's in profit, like right here, and Asian opens, it's a little bit closer to a 50/50 at a negative risk to reward if you were
Speaker A
holding the trade here. So, if you're going to be in the trade like this, at least go break even when the next session is going to open. But nonetheless, it seems like a fine trade just trying to revert 6:00 p.m. open.
Speaker A
Unfortunately, three losses to start this night. However, Asian open here. Let's see. Where would the entry be? Okay, so first entry would be here.
Speaker A
Just the displacements back towards the Asian plus 6:00 p.m. This would be a pretty good one for a funded account, obviously, since evals have consistency rules. You don't want to win too much on an evaluation, but of course,
Speaker A
you could do this on eval, you could do on funded, obviously up to you. I usually just take the longer trades on my fundeds. Anyways, there's one eval opportunity. There's a second eval opportunity right here because it breaks
Speaker A
this structure. Oh, there's too many things in here. This red candle that my little upwards line is on breaks this one right here. Then you have another break of structure here breaking this one, so you'd send another one.
Speaker A
And then you have another one here breaking this one. So, four entries, all of which won back up towards the 6:00 p.m. open. So, you lose three, you're like, "Uh-oh." And then you win four because you're just entering break of structure one, break
Speaker A
of structure two, break of structure three. So, pretty easy way to end the Asian session. Actually, possibly one more reversion here off break of structure, but nope, it's too close.
Speaker A
If for whatever reason you have a trade that needs an 11-point win, then perfect. That'd be easy for that. Then obviously it's 9:30, so I'm done after that. All right, now New York open, you get a nice huge red candle off
Speaker A
the start. Since it is more than 25 points, I would use my 50-point stop loss and my 76-point take profit.
Speaker A
It's a little change you can add there. After this one, I am looking for a reversion back to the session open.
Speaker A
Entry would be right here, just breaking the structure. This one would be a good opportunity for funded because there's 95 points.
Speaker A
Unfortunately, you lose that one. It is what it is. After that, you would have another opportunity here.
Speaker A
Break of structure, this unfortunately this one loses, but then one final one here off another break of structure, which maybe wins, maybe loses, obviously depending on how many points you were targeting.
Speaker A
If you're targeting 100, it wins. If you're targeting 140, it would lose, but hopefully you at least caught something of this because there's a break of structure here.
Speaker A
There's another break of structure here, breaking this, and then there's a final one up here, breaking this. Yep, right here.
Speaker A
So, multiple opportunities to enter here. I'm not really copy trading 1 2 3 fundeds like that. If I was to layer in these additional positions, it would be the evaluation. So, just a few entries to get positions in
Speaker A
on its way back up there. All right, 6:00 p.m. open is right here. Oh, no, it's up here because it's a red candle.
Speaker A
It fills the gap that was formed in here instantly, so seems pretty...
Speaker A
Um Asian open red, so this would be one that you would keep holding. And then it's just like very just poor session in general.
Speaker A
Didn't even move like 10 points away, so very rare, but one trade, one loss. Um so, you would have to be very aggressive in this coming New York session if you have a lot of accounts because you only just
Speaker A
got one trade in. So, let's see, how can you be very aggressive in this New York session? Uh we have CPI. I'm not taking any trades of the CPI usually. I'm just going to look for a reversion since it's
Speaker A
a lot stronger. This is the pre-news price because it was the open of the 8:30 a.m. candle, so I think it's fair.
Speaker A
Now, I'm going to look for a reversion to that price. All right. So, the opening candle is red and there's a wick rejecting longs. It is a displacement candle because it's larger than the previous one and it closed below the wick. So, that seems
Speaker A
like a great one to send it back to the pre-FOMC price. Was that FOMC? No, CPI.
Speaker A
What am I saying? Anyways, another entry right here off this candle. You get a nice structure broke. Boom.
Speaker A
24 points. Could always let it go for a little bit more. That's always fine.
Speaker A
But, two super good entries. Now, let's see. How can we be very aggressive? Also, I know the open is up here.
Speaker A
Now, you're probably wondering, doesn't he say the open is fair price? Well, yes, the open is usually a pretty good estimate for fair for for fair price because it's a bias. And remember, if you have a bias on a prop firm, that's a
Speaker A
1% edge, essentially, on average, something like that. And then if you're able to get in 10 trades a day with a 1% edge fitting within the prop firm rules because it's a bias and you don't have specific targets, that's how you make
Speaker A
six figures a month. Well, more than 10 trades at at some point. 10k a month with 10k with 10 trades in the AM session easily. Uh but anyways, uh yeah, so when it opened, volume comes in and it makes its way straight back to the
Speaker A
pre-news price. So, I'm like, okay, pre-news was fair. Uh news was priced in. So, I'm not looking for longs to the open. I'm only looking to trade towards this pre-news price. So, this is a very choppy day and unfortunately, there is
Speaker A
no opportunity for 30 38-point entries, but 38 divide that by two. 38 divided by two gives you 19.
Speaker A
And then 25 for your stop loss divided by two gives you 12.5. So, you could take a 38-25 trade, double the contracts. Now, it's 19 12 and 1/2.
Speaker A
And it's still the same dollars at risk, right? Because you double the contracts, but you cut both in half. You cut the size in half, but you double the contract. So, it's the same dollars at risk. Uh you could also less and just do
Speaker A
one like the same contracts on both and have it be less risk and less profit target. That's fine as well. But anyways, if there's 30 to 76 points in my favor for the evals, then I'm usually just going to have a 38-point take
Speaker A
profit. If there is 15 to 30 points in my favor for the evaluation, then I'm going to do this 19-point one.
Speaker A
All right. So, today is the day where I'm going to show you a lot of examples where there's only 15 points in my favor. So, I would be taking 19-point take profits instead of the usual 38 because remember, with only 15 points in
Speaker A
my favor, that's not really enough edge/bias to let it run for 38, right? Because as soon as it gets back to here, your bias as soon as it gets above here, your bias is slightly short and then you don't
Speaker A
want to trade against the bias, right? So, lots of trades for 19, 12.5 on this specific day. Here's obviously the first possible one. Huge wick rejecting shorts and then a nice green candle.
Speaker A
Technically not displacement, but if it were to displace it, it would already be back towards the fair price. So, you would kind of have to get in pretty early there. Another opportunity to get in early here. Another opportunity to
Speaker A
get in here. This one's actually a displacement. Another opportunity here. Um and the reason why you could possibly enter on these candles is just because it's rejecting shorts. So, huge wick, huge wick, huge wick.
Speaker A
Huge wick, but um probably can't get in here or here. Um and then the the top side as well.
Speaker A
You could look for shorts anywhere in this candle or just wait for the close and then you're getting perfect exactly 19 points. So, pretty aggressive day on this day for sure. Seems to be another opportunity over here. But basically,
Speaker A
anytime it moves more than 15 points away from fair price on either side, I'm just going to send a reversion.
Speaker A
Um and you can pause, take a look at that. I don't think I'm missing any opportunities here. Every time it moved away 15 points, I would take the reversion as soon as possible. Maybe your fill is a little
Speaker A
bit different, but it's just the same concept, of course. Um but very good day today on Wednesday. You got to be pretty aggressive because the Asian session only gave one trade for whatever reason.
Speaker A
All right, 6:00 p.m. open. There's a slight gap to the bottom and the opening candle's red, so perfect to send a continuation short.
Speaker A
Uh see, probably target 38. Oh, no, that's tragic. Okay, well, I guess you missed take profit by like one point. Well, nothing you can do about it except definitely go break even when Asian session opens. Uh after that,
Speaker A
you get out break even here and then you would take a continuation long from the Asian open, just nice break of structure.
Speaker A
And then boom, send it like that for 38 points. After this, I'm looking for reversions back to 6:00 p.m. open because when Asia opened, it went straight to 6:00 p.m.
Speaker A
So, no longer thinking maybe Asia's fair. Now I'm thinking 6:00 p.m. is fair because Asia opened, it went straight to six.
Speaker A
So, only looking back to six, we get a nice break of structure trade here and this one's getting 24 points. May- maybe another situation in which you size up and only do that 19-point take profit or obviously same contract size but just
Speaker A
less. Um so, there'd be one opportunity here. Unfortunately, lose, but another opportunity right here off the next break of structure, which seems like it would have won eventually.
Speaker A
And then uh this might be too close because yeah, it's too close. And then it hits 9:30, so onto the next session. Okay, market open, nice red candle, which is 18 points, so I would take continuation short. Oh, wow.
Speaker A
I would take continuation short, 25, 38, barely lose this one, but whatever. After that, quick move up, I'm going to look for a reversion back towards the open. This is a weird day because there was news released.
Speaker A
Kind of unexpected news somewhere in here. Uh but see, no break of structure on these, so a little bit too dangerous maybe to send your funded accounts, but always good for an eval. Um you could use 7650.
Speaker A
That is the opposite. If you're going from 3825 down to 1925, that is the same scale of 1/2 as it is to double and go for 7650.
Speaker A
Uh so, this would be another option. So, take one trade here, unfortunately lose. Whatever.
Speaker A
Now I am would be adjusting fair price to this consolidation here because it broke structure and then continued away from the open. After that, you got a um Technically, nothing in here. There's structure. You're just waiting for that
Speaker A
to break. It doesn't break. And also no displacement because it didn't close below the wick. So, not a single entry here.
Speaker A
Not displacement. Didn't close below the wick. Not displacement. Didn't close below the wick. Weakest little displacement candle ever.
Speaker A
Uh so, you take this one. Also, um when do I use break of structure versus when do I use displacement? You might be wondering.
Speaker A
Uh remember yesterday? Just rewind the video to yesterday. It was so close to fair price that I had to enter on displacement or even before displacement to still get the points in my favor for a bias mean reversion
Speaker A
trade. These ones here, there's no need for me to enter on this candle. I can just wait like one more candle for it to break structure.
Speaker A
Wait for it to break the structure and I'm still going to get 76 points in my favor. So, there's no need to get in What is that? Like five points early when you could just wait for it to break
Speaker A
structure be a much stronger setup. But, the days where it doesn't have structure or when it would displace, but it would already be back at fair price, then there's no point waiting on those days.
Speaker A
But, on these, definitely be waiting. Anyways, adjusting fair price to here because we had a break of structure here and then a continuation here. Uh so, looking for trades back to this {slash} this. I guess you just put in the middle
Speaker A
of both. Uh but anyways, not looking like a good day so far. Then, we get a nice break of structure here. Structure, boom, broken.
Speaker A
Perfect trade for 90 points. Stop, 25, whatever you prefer, whatever is optimal based on your account.
Speaker A
Uh so, nice trade there. Also, when it is dumping, we are going to layer. So, another entry here off the break of structure.
Speaker A
Obviously, breaking that structure there. I know it's kind of kind of a small one.
Speaker A
Um profit target obviously depending, whatever your account has. I know we all have different accounts.
Speaker A
Um but, whatever your account says. And then you get a nice break of structure here. This one would have lost, I think.
Speaker A
Yep, barely lose. Oh well, all good. No structure breaking cuz it's even. No structure there.
Speaker A
No structure in here. No structure in here. And then boom, another break structure there. Um I probably wouldn't be taking these trades up. Also, usually I'm done after 11. Um so I might not have taken this one or I might have
Speaker A
taken this one. I can't remember cuz it was 2 weeks ago. But anyways, lose one, lose two, lose three. Thankfully, you lost on three evals because there was no strong funded setup in here. And then boom, went on a funded. So,
Speaker A
minus 100, minus 100, minus 100, plus what? I don't know. 2,000, 1,000, 5,000, whatever you whatever you target. Uh so not a bad day at all even though it looks like a bad day.
Speaker A
Cuz you just saved the strongest setup, which is the break of structure, for the funded. All right, 6:00 p.m. open. We have a red candle. I would not take shorts because there's a gap. Wait, no.
Speaker A
Looks like the gap got filled barely. So, okay, I guess I'll fine take the short. 25, 38, eventually loses over here. And then it's a little bit too close to actually revert this thing here. Now, Asian open, you get a nice
Speaker A
green candle continuation long seems fine. Okay, wow. So, just a zero volume Asian session.
Speaker A
Take the loss. Zero volume. Weird. Whatever. Uh now let's try and get it back towards the Asian open also.
Speaker A
Like I was saying for the previous AM session, this is clearly a displacement candle, right? Because it's larger than these two. Clearly displacement. But there's clear structure here. So, there's no need to get on a displacement to get in like what is that? Two points
Speaker A
earlier. There's no need to get in two points earlier for a biased trade when you could sacrifice two points in your favor and just wait for it to break structure and confirm the trend to be back in your favor. It's going to be a a
Speaker A
stronger trade and you're only sacrificing two points, right? Uh so just wait for it to break structure, which it clearly does not, and then you could have saved yourself a loss there.
Speaker A
Same thing here, nice displacement but failed to break structure. So, don't take it. Nice displacement.
Speaker A
Just wait for it to break structure. You don't need to get in like three points earlier. It's not going to help with anything. Anyways, let's send a reversion. At some point, displacement.
Speaker A
This one is a fine displacement to take, actually. This one's fine. Uh and the reason why is there is no structure until all the way back here. So, if you wanted to have like a large 65-point trade, uh then obviously you wouldn't want to
Speaker A
wait until it breaks all the structure up here because then you're only getting 35 points. So, it's fine to take a little bit more of the aggressive one right here.
Speaker A
Also, if you didn't want to take that for whatever reason, then we finally do get a break of the structure.
Speaker A
So, this is probably the best set up of the day. Let it run for 67 points or so, and then it's going to be a long one.
Speaker A
Hopefully you went to sleep and you woke up to some nice profits on that day. All right, Friday New York AM. No continuation longs. Continuation shorts are very interesting to consider. There is a break of structure, and there is a
Speaker A
displacement candle here, and the higher time frame bias is short to revert the move overnight. So, I would feel fine taking continuation shorts because as you can see by the opening 1 2 3 candles, it is extremely unbiased. So, continuation shorts would
Speaker A
be fine, and I would do standard 38 25 just cuz the opening candle was only seven points. Remember, I would size to 50 76 if the opening candle was more than 25 points. Okay, anyways, nice reversion there.
Speaker A
Look for a trade back up towards the open. This one's kind of hard to get in because this is the strongest displacement candle we have, which unfortunately was the only loser, possibly depending on your fill, was the only loser, but also it was a little bit
Speaker A
too close to go for 38. I usually want 30 points. Ideally, you would get in somewhere around here, but it is admittedly pretty difficult to get in here. You have a wick rejecting shorts and a slight displacement long, but
Speaker A
it is kind of aggressive to get in this early. I personally would just cuz I'm trying to get through probably 20 20 trades or so throughout a full trading day. Uh so, usually I do 10 in AM. After that, huge
Speaker A
move down, nice break of structure here. We'll send that one back in for the open, and then unfortunately take a loss. This might be one of the losing days.
Speaker A
Yeah, it definitely seems like it. And then no other entries cuz there's no break of structures before 11. So, unfortunately, just one of those losing days where it decided to revert all the way back to the open, but unfortunately,
Speaker A
not during the opening session. Anyways Sunday we have 6:00 p.m. open, nice green candle, but I'm not buying cuz the bias is short to fill this gap. I'll just mark out the gap like that cuz we'll probably need it in a second.
Speaker A
The gap, I don't believe in any specific voodoo magic fill the gap because there is a gap type stuff because remember, we're pricing companies, and the fair value of said companies of the Nasdaq don't care if there was a gap because
Speaker A
the fair price of them changed over the weekend. It is just a very, very easy way to identify a higher time frame reversion for. This was a change in price over the weekend. If the market is going to be reverting, then it might
Speaker A
next revert what happened through the weekend. Whether that's more macro or not. Anyways, looking for shorts back down to the 6:00 p.m. open. I don't even know if there's a break of structure in here.
Speaker A
We'll just say there was one here because there is, so maybe you entered somewhere in here.
Speaker A
It's kind of all the same cuz it loses, but anyways, that's fine. After that, Asian open here, you get a nice red candle. I probably wouldn't short the opening candle just because it's pretty indecisive with huge wicks on both sides
Speaker A
and structure here that it clearly wicked, but did not close below. Uh so, definitely short bias. Just going to wait for an entry, and then boom, break of structure right there.
Speaker A
Another no volume session. What is with it? I don't know. Center for 38 seems fine. Oh, no, you're going to get stopped out by one point before Yep.
Speaker A
Well, you would have lost anyways. Okay, so I don't know what is with these no volume 6:00 p.m. and Asia sessions, but let's see how we can be more aggressive in New York to make up for that. Oh,
Speaker A
London session. What a [laughter] man. I need to start waking up for those. Okay.
Speaker A
Okay, well, another barcode, but it's fine. Let's see how we could get in a ton of trades in a barcode session like this because last night we didn't get many in, unfortunately, because there There no volume. Anyways, opening
Speaker A
candle, 34 points, break of structure, send the continuation [clears throat] long, 50 point stop, and then lose that one. Oh well. So, the open's probably fair.
Speaker A
Now, let's see how we can trade back to the open. This is our first green candle we would consider buying. 28 points.
Speaker A
You could send it for 38, but because it's they both would have won, but because it's 28, that is less than 30, so I would use my 19.1 here, but obviously both are fine because it's like approximately the same.
Speaker A
Displacement larger and closed above the wick, so there's the first reversion of the day. Second reversion of the day is the next displacement, larger body and closed above the wick.
Speaker A
This one, 22 points, definitely using 19. Shorts here looks like it's a little bit too close. Oh, another long opportunity here as soon as we see a green candle.
Speaker A
I'm not cherry-picking these or anything. This is just like anytime you see a green candle and you have at least 15 points in your favor, you're probably going to want to take a reversion.
Speaker A
So, just wait for it to displace. Perfect. Wait for the next green candle to displace and then we get this one here.
Speaker A
Perfect. Let's see. Did this one lose? Nope. 12.5 19 had a nice win there.
Speaker A
So, lose, win, win, win, win. So, good. But, that's only five it's only Yeah, it's only five trades. I'm trying to get in 10. Sometimes I will go past 11 if I want to get more trades in.
Speaker A
I will be honest. It is fine. It is fine because the bias is still there. It's just a little bit weaker. Now, we're looking for a red candle.
Speaker A
Red, but not displacement. Red, but okay, yep, displace this one here. This one seems good. Oh, 50 points.
Speaker A
Maybe you could send that one on a funded account. After that, let's see. We get a nice one here. Would be great for an eval for exactly 38 points.
Speaker A
Sweet. And then you get another break of structure here, and then you get another break of structure here.
Speaker A
So, you get four different entries, all of which won. So, correct me if I'm wrong, but it looks like you would have won eight trades and lost one.
Speaker A
Looks like it. Only if you want past 11 though. I'll only go past 11 if I don't get in my 10 in New York. Uh but yeah, pretty nice reversion there after 11.
Speaker A
Onto the next day, 6:00 p.m. open is right here. And you get a nice green candle, no gap.
Speaker A
I would just buy. It barely broke the structure. Just buy. This one's going to take a while to finish. 6:00 p.m. has been really slow.
Speaker A
Eight. 38. Yeah, there's the win. 38.25, just buying at the top of the opening candle.
Speaker A
Definitely go break even when Asian session opens, which is here, and then perfect. Thankfully did that, did not get tagged because Asian opened here.
Speaker A
And you barely get a nice win. Oh, after that, what if we try and revert? Let's see. Right after you win, could you just short this next red candle? Technically it's not a displacement. So that is a little bit greedy.
Speaker A
Oh. But it is tempting. Maybe you can just get out on this one. Clear break of structure.
Speaker A
If you ever need an account that needs 10 and 1/2 points, well, that would be a great setup for it. And then of course it hits 9:30 here and I'm done. So, crazy session with only one trade.
Speaker A
And now it starts moving. Great. Uh let's see. How can we in New York session get in a ton of trades? I'm going to see if I can get 11 trades drawn out for you here. Maybe more. No,
Speaker A
I mean, like yeah, yeah, maybe more. Anyways, opening candle, 23.5 points. Remember, 25 is our mark that determines when we'll use more or less size.
Speaker A
So, this one would be 38 because it is below 25. Barely get the win, but we'll take it. Anything counts. Short.
Speaker A
Back to the open. Unfortunately, this is a great entry looking back, but obviously not looking forward because it did not displace. So just wait for the displacement here.
Speaker A
You are getting 27 points. This is probably better 19 point trade. And maybe I mean you might be wondering why am I going for 19 and why am I not using my target at what you think is fair?
Speaker A
Well, we're on a prop firm and prop firm does not care what the market thinks.
Speaker A
The prop firm does not care about that. Um so basically the strategy that I trade is one that optimizes the profit target down here, like 20 like 19 points times the amount of contracts that I use to get the statistically optimal take
Speaker A
profit value to fit within the prop firm rules. That's mostly what I teach in the mentorship and if there's a link in the description, then that means the mentorship is open and you could apply to work with me.
Speaker A
That would be great. I'd love to have you, but if not, basically it is not optimal to use discretionary discretionary meaning strategy-based take profit and stop losses on a prop firm. It is definitely not optimal because the prop firm rules don't give a
Speaker A
about that. You need to optimize your profit target values for the prop firm specific environment, basically which one generates the most EV at X win rate.
Speaker A
And I mean at X risk to reward that you trade. So if you trade a one to one, try a bunch of different values in the prop firm evals, which one is going to generate you the most EV? Okay, it's
Speaker A
this one so I'm going to only trade this one in terms of dollars, right? So 19 is the one that one to 1.5 is the one that generates me the most EV on the evals and it likely will for you as well. So
Speaker A
that's just the reason why I'm targeting exactly a one to 1.5 instead of dragging this down here and then letting it be a 1.8 because that is not optimal for a prop firm at all.
Speaker A
Anyways, next let's look for some more reversions. This candle technically it looks a little bit scary, but it seems like a fine reversion.
Speaker A
Barely, but anyways, take it. Next trade would be off this displacement. You're getting 35 points.
Speaker A
This one would be one to send for 38 and then you lose. Unlucky. Next one would be this one right here.
Speaker A
Ooh, you're getting 15. No, you're getting 14.75. Oh man, it's on the edge. I wouldn't do it. I wouldn't do it cuz there's not 15. You got to stick with your rules. Okay, next. Nice displacement candle here. Boom. This one
Speaker A
would be good for funded accounts sending it all the way back. And again, same thing on the fundings, but not as harshly the same.
Speaker A
Right? Like evals I'm only doing 1.5 RR. Fundeds you can change it a little bit if you're on a new funded account versus a funded account in profit. Obviously your expected value changes like 5x.
Speaker A
So you would definitely need different optimizations there. But I mean it's a little bit more appropriate to target exactly fair price on funded because your goal is close enough. Your goal on funded is close enough to optimizing the
Speaker A
max amount of profit that you can make, which is what you do on a live account.
Speaker A
Which is why you have a discretionary target on a live account. Funded account is close enough because your account balance is directly correlated to the amount of payouts that you're going to get on a funded account.
Speaker A
So it is close enough, but obviously definitely not optimal because payouts are different than a live account. So static values are still better than totally discretionary ones on funded, but it is a little bit closer than the evals. Anyways, good entry here. Also
Speaker A
good entry here. And good entry here. And good entry here. So hopefully you layered in a bunch of positions on this reversion back. And then after 11 I would be done unless Let's see. How many do we get? 1 2 3 4 5
Speaker A
6 7 8 9. So I would take more after 11 to finish my accounts. Let's see what do we get.
Speaker A
Okay, we get a break of structure. It is a weak one cuz it wicked but didn't close above the other structure.
Speaker A
But it seems fine. First one there. Second one there. Send it back for the open and hope for the best. And [laughter] unlucky.
Speaker A
So it was an L session. Not much volume. Well, it wasn't too bad actually cuz technically you could have won 1 2 3 4 5 out of 12. So above break even at a 1.5 R.
Speaker A
Anyways, 6:00 p.m. Probably no continuation trade here just because opening candle is green and the gap is to the downside. I would look for a reversion. So we get a nice displacement. 15 points in your favor.
Speaker A
Perfect 19 point trade. After that wait for this drop off. And let's see. No displacement here. Nope.
Speaker A
Yep. Technically it is displacement, so weak nonetheless, but good for eval. Send it in for 38 and then barely win.
Speaker A
We'll take it. All right. Asian open. You get a nice little red candle, but fine for a continuation trade because it broke structure here and here.
Speaker A
Sending it for 38. I don't know if that's a tweet or something. Don't think so, but easy. We'll take it. After that, let's trade it back up towards Asian open {slash} 6:00 p.m. First break of structure, perfect trade here for eval
Speaker A
or funded all the way up to here if you want a larger target for your funded accounts. Perfect. That'll be the first trade. Second one would be the next break of structure here.
Speaker A
This one could definitely go all the way, 90-point trade up to 6:00 p.m. Asian is our closer lower timeframe bias where you could have like a break of structure here and send it another eval in for 19 points
Speaker A
and take another win. Um 6:00 is more of our longer trade that we expect to drift. Anyways, really, really, really good session. I don't think it lost, right? No, wait. I did lose one. Hey, but we'll take it. Like
Speaker A
five and one or something. Next, New York. Okay, this day was a little bit weird.
Speaker A
Here's what it looked like. All right. Opening candle was red and there's a pretty large wick on both sides, but it technically broke structure, so it is fine to take a continuation short and lose.
Speaker A
After that, you do have a break of structure here, so another continuation short here would be fine. I usually don't take them after the first 5 minutes. This one is on the sixth minute.
Speaker A
If you really zoom in here, you technically would have won barely. It is quite the aggressive, so I personally don't do them after like 5 minutes.
Speaker A
After that, looking for a reversion back up towards the open. You get a really good entry off break of structure here.
Speaker A
Unfortunately, there was news {slash} a tweet that would have stopped you out and taken the price all the way back down here.
Speaker A
After that, I was going to assume fair price was now this most recent consolidation because of course there was a tweet, which would change the fair price.
Speaker A
And then just trade back towards it off break of structure here. This one was a win and then you do get another entry here off another break of structure there.
Speaker A
So, pretty nice entries here and here just trading back towards the consolidation after the tweet.
Speaker A
That was about it. Uh one more short here. Kind of a weird session, not a lot of entries unless you're being quite aggressive.
Speaker A
Um but yeah, tweet mid-session just kind of messes everything up. Uh just kind of stalls the market essentially.
Speaker A
Now, 6:00 p.m. Opening candle is green and gap was non-existent/filled. So, buying at just the close of the 6:00 p.m. would be fine. Pretty easy one there.
Speaker A
Uh nice displacement candle here for a short opportunity after that one loses. I would take another one off this one.
Speaker A
And then after two losses, usually after two losses I'll wait for a break of structure. Just makes it a stronger trade, uh which you do get right here.
Speaker A
So, L 6:00 p.m. session. Definitely at this point waiting for Asian open. Which you would get right here. Taking me shorts there seems fine. Just trading back in the direction of 6:38. Oh, scam.
Speaker A
Barely lost. Um but adjusting fair price to the Asian open because it was not able to make its way down to six. It went above the Asian open first, basically.
Speaker A
Uh then you get a displacement here. Great 19-point trade. Wait for another move away. Break of structure for another 19-point trade.
Speaker A
Break of structure for another. Now, this one would be 38. Yeah, this one would be 38.
Speaker A
Finally. Finally getting some wins and then it hits 9:30. Um so, kind of a bad session, but one, two, three wins.
Speaker A
One, two, three. Hey, that's not a bad session. Four wins, four losses. That's 50% at 1.5. That's 10% above break even, which is literally printing money out of thin air. I was going to say it's a bad session. Thursday,
Speaker A
opening candle is here. Now, no continuation on this day cuz the opening candle is red. Maybe continuation longs? Maybe. Actually, it doesn't seem too bad.
Speaker A
High time frame bias long to revert that. So, I don't mind the buys. Don't mind them at all, actually.
Speaker A
Send it at the top and lose, whatever. After this loss, I'm going to look for a reversion back to the open. Huge displacement. First entry, boom. Lose.
Speaker A
Whatever. Actually, it's technically break of structure, so unfortunately, you would probably take this on funded and lose. Next.
Speaker A
Displacement. Just the next entry you see. Send it back in. 38 is fine. 76, uh it's a little bit too money. Not enough, I mean.
Speaker A
38 is fine. After that, it is quite close to fair price at all times. Uh but, let's see if we could get any possible entries. I don't think there's enough points for a long entry at all.
Speaker A
But, many opportunities at shorts, maybe. Um this one, no. It's have to be a 9-point, sorry, 19.1.
Speaker A
19.1 here, barely lose. Let me just adjust it to be actually correct. 19.1 here. Man, I got to zoom in.
Speaker A
Second 19.1 there. Uh both of which barely would have lost, I believe. After that, there is a move up.
Speaker A
Possible entry here, possible entry down there. This one's a little bit better for 38, 25. After that, another move up.
Speaker A
This one seems fine. Could also wait for it to get below this one and then still have about 38 points in your favor.
Speaker A
So, here or waiting a little bit more is fine. Same thing here. We'll actually definitely enter this one. Oh, this one's good for funded.
Speaker A
You're getting a little bit more in 38 points and it broke structure, so this one's good on funded, which is maybe white one, who knows.
Speaker A
Huge break of structure here. Perfect 19.1 to end. It is after 11 a little bit.
Speaker A
But, oh my gosh, barely win. Nope, maybe barely lose. I don't know. Depends on your feel, but kind of a weird day. These past 2 weeks have been very choppy. Um so, let's see.
Speaker A
One win, two three. One, two, three out of one, two, three, four. Three out of nine. So, one win below break even. It's not the end of the world.
Speaker A
Um because we've been performing above break even the previous days. So, just a bad day. It is what it is. Now, 6:00 p.m. open, red candle, wick rejecting longs, definitely going short to fill the gap, plus a little bit of drift as
Speaker A
as always. Boom, first one, one and done. Now, look for a reversion. And boom, break of structure there, 38 points in your favor, perfect. Two wins to start the 6:00 p.m. session. Asian open here, nice green candle, displacement. Bias is
Speaker A
long towards the 6:00 p.m. open, perfect four contract trade. All right, so you're three and 0. Now, is Asian fair? No. Is 6:00 p.m. fair?
Speaker A
Yes, because Asian opened and it went straight to six. Reversion to 6:00 p.m. off displacement there. And now you're four and 0. All right, great start to this session.
Speaker A
Now, let's see Oh, we're even going to get more. This one is too close because it is not 15 points plus. This one is a break of structure, barely. Which, let's see if we zoom in, with your 12 and 1/2
Speaker A
and your 19, you barely win. Sweet. So, we're five and 0. Uh longs here or is this too close?
Speaker A
Mm. Hey, that's 15 points. We'll take it. Longs here. Oh my gosh, what a session.
Speaker A
Because there's 15 points, you can take it. Uh I mean, it's 14 and 1/2.
Speaker A
Uh we'll say 50/50, you take that or you don't. Next one, we'll take another short right here. No, there's only 13 points, so you can't take this one. Okay, whatever.
Speaker A
Anyways, really good session, made up for what happened earlier. Now, let's get over to Friday to end the week.
Speaker A
You have the open here. You have a red candle. Oh, let me delete this. You have red candle, displacement. High time frame bias short because it went up overnight, and it's more than 25 points, so I would do 50/76 on this one.
Speaker A
And remember, continuations within the first 5 minutes whenever it breaks structure in your favor. And you can see this broke this. So there's another continuation short trade right there for 2538. And then another one on the next candle because this next candle, if you
Speaker A
zoom out, broke this structure. Right there. So three continuation shorts all win because they were break of structure and within the first 5 minutes and opening candle was red. So step-by-step, boom, boom boom.
Speaker A
Now, I'm going to look to trade back towards the open and here's an example of where you don't need to buy on displacement. Technically, this is a little tiny displacement.
Speaker A
But you have 120 points in your favor, right? And you only need 38 with your evals. So why would you enter here when it's clearly not as confirmed as you could just wait like 2 more minutes for it to break structure and be
Speaker A
way more confirmed. So no need to get in early at all. Um I personally might get in early because I'm trying to get through 20 accounts. Uh but you no need unless you're scaling.
Speaker A
Scaling like crazy. Anyways, first entry here if you took it, definitely don't take this on funded though. Do not take this on funded. Funded wait for the break of structure. Anyways, possible one for eval.
Speaker A
I mean, yeah, fine fine for eval but obviously you can just wait. Like there's no need to go for 38 points because your buy is all the way back up to the open. So there's no need to get
Speaker A
in here. You can just wait for it to break structure here. Or even get all the way up to here.
Speaker A
Obviously, you want to like layer in as it goes in your favor but there's no need to get in early. You can if you want, it's not the worst thing. I I'm over exaggerating but I I wouldn't do it if I were you. Wait for more
Speaker A
confirmation. Anyways, next displacement I'm in. You obviously can wait for it to break structure. No need to get in early like I just said. Same thing here, displacement I'm getting in early. You don't need to.
Speaker A
Next displacement here. This is one you would take on funded because it is the break of structure that we have been waiting for all morning. Send it in for the open and then lose.
Speaker A
Whatever. Next displacement I'm getting in on evals for sure. Uh so I'm doing my my 2538.
Speaker A
Sometimes I'll do 7650. It's kind of a It's a little bit the same. If you have less accounts than me, which obviously you do probably, um you should probably do a little bit more 76 point take profits because it gives you a lot
Speaker A
larger stop loss and still 1.5. But I can fit two accounts into a 76 point trade. And my goal right now is just to trade all of my accounts instead of being a lot more accurate on one account
Speaker A
at a time. I basically like to have a 1% edge that I play to 40 accounts a day and it makes me six figures a month. So, that's sort of why I'm being very aggressive and such in these videos
Speaker A
and you should not be. So, it is a little bit hard when I'm doing what I don't want you to do, if that makes sense. But anyways, just use your own discretion of course and what you know already. Anyways, displacement I am in
Speaker A
for eval here. I'm also in for eval off break of structure here. I'm also in for eval off displacement here.
Speaker A
And break of structure here and displacement here. And then break of structure here. And it's 11:00, so I'm done now.
Speaker A
Uh funded opportunities would be this one here because it's a break of structure. Just zoom that one up.
Speaker A
Uh break of structure here is also a funded opportunity and then funded this one, funded opportunity this one. So, these tall little columns are break of structure trades.
Speaker A
Send them in for the open. If you win, you're you're hitting big on funded. And let's see how many would you have won? No, no, no, yes, yes.
Speaker A
Because okay, so you would have won two. You would have won what is it?
Speaker A
150 points and then 140 points and then you would have lost 1 2 3 minus 75. Uh 200 10 ish.
Speaker A
220 ish, 225. No, 215, 215. I think that's 215. So, you would have won 215 points. And if you use one contract, then that's a $4,000 day. So, W Friday.
Speaker A
And also pretty good for the evals. I know it started off kind of cooked, but let's see. Win, win, win cancels out loss, loss, loss and then win.
Speaker A
If you're taking it on funded, I wouldn't take eval at the same time. Um so maybe one there and you get a nice break of structure here for eval. You get another one. There's so much going on. I don't know what I don't even know
Speaker A
what's going on here. Another one there. Maybe one more there. So, very winning Friday. Printed money Friday cuz it reverted uh which always helps. So, pretty strong to end the week. All right, that's a wrap for this episode.
Speaker A
That is $59,000 worth of payouts. All of the trades that I took {slash} you could have taken obviously based on your risk tolerance. And now we are at 1,828,000.
Speaker A
So, getting pretty close to that 2 million. Um trying to keep up the consistency, trying to add a few more firms here and there when they are being released obviously. But anyways, excited for that 2 mil. We'll have a crazy video coming
Speaker A
out then. And if you want me to work directly with you, get you the exact risk parameters, take profit, stop loss in dollars, contract sizing that I would use on your specific accounts, generating expected value, then there is a mentorship in the
Speaker A
description. If there is a link, then it is open. If there is no link, then it is not open. But I would love to help you.
Speaker A
If not, well, just subscribe. Stay tuned for the episodes. We'll be at $2 million soon.
Speaker A
Very excited for that and I will see you in the next one.
Topics:prop firm tradingJJ Simontrading strategyevaluation tradesfunded accountsrisk managementprice reversionmarket structuresession openstrading payouts
