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- How This One Trade Made Me $836.62 š¤
How This One Trade Made Me $836.62 š¤
PLUS: Why The US Dollar Is KILLING Traders šŗš²

Todayās edition is brought to you by Lark Funding - The Leader In Prop Firm relibability. Because traders need more capital, and they deserve their payouts.
āļø GM Munchers! This is Pip Munch, here to serve up your daily dose of trading wisdom. If youāve ever been stuck between rechecking your charts or rethinking your life choices, todayās trade breakdown will hit home.
On todayās menu:
How This One Trade Made Me $836.62 š¤
Get Funded In 90 Days Or Donāt Pay š
Why The US Dollar Is Killing So Many Traders š„
How I Manage $100,000 In Prop Capital šŖ
How This One Trade Made Me $836.62 š¤
Iām a simple man. I like:
A good cup of coffee āļø
A nice afternoon nap š“
And simple trades that work perfectly ā
And yesterday? Two out of three (minus the nap) worked out perfectly.
Now, unless youāre here for my barista secrets (I doubt it), letās dive into the trade that scored me over $800 and brought me one step closer to passing another prop firm challenge.
SPOILER ALERT: This trade proves that the best setups arenāt complicatedātheyāre simple. And simple works.
1/ The Setup š
Around noon yesterday, in between reheating leftovers and trying to convince myself to do laundry, I found what I thought was a pretty sweet setup.
This is what I found on the Bitcoin chart around the $67,150 price:
4-Hour 100EMA
1-Hour 200EMA
1-Hour 50 Fib Level
15-Minute 800EMA

Now, if you're new here, my entire strategy for passing 4, $100,000 prop firm challenges revolves around finding areas of high confluenceāwhere multiple indicators align perfectly.
(You can see my 227-minute guide HERE)
In this case? We had 4+ confluences.
Thatās like finding the Holy Grail of trades. āļø
So I did what any self-respecting trader would do... I threw on a 2-lot buy position and then tackled the laundry.
2/ The Results š°ļø
Like my high school relationships, as soon as I entered the trade, things turned into a rollercoaster of hot and cold.
For the first couple of hours, the trade couldnāt decideāswinging from profit to nearly kissing my stop loss. š«
And just when I thought I was about to get dumped (by the market), it reversed course, jumping back into profit. Talk about a toxic relationshipāone minute you're up, the next, you're emotionally drained.
But finallyāaround 8 hours after I managed to throw in that load of laundryāthe trade was up over $800, and I decided it was time to cash out.
Why?
The Technicals: Bitcoin had been stuck between $65,500 and $67,900 all week. Could it break out? Maybe. But the charts werenāt exactly screaming āmoonā just yet.
The Fundamentals: With the US Dollar higher than Snoop Dogg at a music festival, a breakout seemed unlikely. Plus, it was 8 p.m. EST, and liquidity was drying up faster than my motivation to fold laundry.
3/ The Lesson š
Hereās what this trade taught me:
Simplicity is key. š
Trading doesnāt have to be complicated to be successful. This approach allowed me to make enough money from prop firms to quit my job.
Find an area of confluence. Enter the trade. Let the plan play out.
But thereās another critical takeaway: sometimes, you have to know when to take the money and run.
Bitcoin was stuck in a range, the fundamentals didnāt support a breakout, and it was late with low liquidity. So, I cashed out when things were good, because no trade is worth risking for greed.
Stay disciplined, stay simple.

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Why Traders Are Getting Killed By The US Dollar šŗš²
The US Dollar has been acting like itās had more cups of coffee than a college student during finals week. āļø
It hasnāt been this high since July, and itās feeling better than Jordan Belfort finding a pack of quaaludes.

But of course, a quick look on MyFXBook will show you that as always, retail traders are fighting this trend and are getting absolutely wrecked.

So, for those of you who actually like making money, letās break down whatās going on here and where we think the DXY is headed.
The Rundown š
Letās break this down into bite-sized pieces so itās easier to follow along.
Here's why the US Dollar is flexing so hard right now:
Global Rate Cuts š Most central banks are cutting interest rates, which normally pushes traders toward riskier assets like equities and away from safe havens like the Dollar. But not this time...
US Economy = Still Strong š„ While inflation hasnāt dropped as much as hoped, the US economy remains the worldās heavyweight champ.
Fed Slower to Cut Rates š“ The Fed isnāt cutting rates as fast as others, which means the Dollar stays strong by default.
Lack of Better Alternatives ā The Eurozone is wobbly, Japanās rates are barely breathing, and the British Pound is not winning any popularity contests. Traders are sticking with the Dollar because... where else are they going to go?
As long as the Fed stays cautious, expect the Dollar to keep leading the pack.
And as usual, expect retail traders to continue fighting the trend.
But hopefully not you, Munchers!
What do you think of today's edition? |
āļø Pre-Market Fuel
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Trump & Rogan. The podcast is set to take place this Friday!
How I Manage $100,000 in Prop Capital. Only 10% of traders get funded. But once you do, how do you manage the account?
McDonaldās shares are crashing. Itās due to an E.Coli outbreak but definitely check out their stock. Itās been on an absolute tear!
šŖ Munchy Memes
What flipping $100 to $1M Looks likeš¤”
ā PropFirms Real Talk (@PFRT_X)
12:03 PM ⢠Oct 22, 2024
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