The More You Trade Your Strategy, You Start to See Certain Trends in The Market

“The more you trade your strategy, you start to see certain trends in the market.”

Jacques has just successfully passed our Level 1 with a great trading plan.

He is now one of The5ers funded traders and is trading with an 80K Aggressive funded account on our platform.

His next mission is to reach 25% of profit and double his funds to 160K.

We spoke with Jacques about his trading plan, insights, and lessons gained while trading in the Forex market and our platform as a funded trader.

Click here for more Inspirations lessons and interviews from our professionally funded traders.

• How were you introduced to trading?
  My dad has been trading forex for the past few years. I’ve known the basics of it for a few years, but never really dove in until now.

• How long did it take for you to become a consistent trader, and in which aspects did you make a change to become consistent?
  I’ve had instant success live so far. With that said, I grinded back testing for 3 straight months to hone in on my strategy resulting in 1000+ trades.

• Do you have a specific trading plan?
  Yes, I have a main plan and a secondary plan both on the 15M time frame. My main trading plan deals with the London breakout strategy. Through back testing, I’ve sculpted a trading plan based on probability of numbers. My secondary trading plan is basic price action scalping.

• Please describe your trading routine?
  An hour before the London market opens, I simply back test the previous day to update my statistics. Once London market opens, I look for opportunities.

• Do you have any risk management techniques? If so, please, elaborate?
  Yes I use RR techniques. Every trade for my main strategy, I go for a 2:1 Risk Reward Ratio. As far as the percentage I risk, I go with 0.8% gain / 0.4% risk. This is very subjective to the strategy that I’ve tested. I arrived at the 0.4% risk/trade due to my back testing. The most trades I’ve lost in a row were 7. So with a 0.4% risk, I’d have to lose 10 trades to be stopped out. I’d recommend this process for people who are undecided on how to approach risk management.

• What was your biggest challenge in trading, and how did you overcome it?
  I feel that my trading journey has been very short compared to most. The biggest challenge I’ve faced so far was simply clicking the button to submit my first live trade. Since this was my first time going live, it was a completely different feeling than ever before. I had done a year of back testing this strategy, so I knew that the numbers would end up working out in the end. It was just staying true to my system and proving to myself that it was more than just a back testing killer.

• What was the key moment of your trading career?
  There were two moments, one before going live and one during the first stage of the5ers. The day I had finished back testing all 5 pairs I trade and seeing the potential gain I could make in the future was eye-opening. And the other moment was 2 days ago when I reached my profit target for the first stage. 12% had looked so far away at first and it just slowly transitioned from a goal into reality.

• What do you think are the most important characteristics for maintaining a stable trading career?
  A level head and a glass half full attitude. You will have days where nothing will work for you. But don’t let that single day or maybe that single week deter you from the strategy that you’ve put the work in for from the previous months/years.

• Do you apply any mental/psychological routines while trading? Please elaborate.
  I don’t really meditate or anything of the sorts. I did pick up a routine from online where you wake up and simply write down all your thoughts. I simply pull up a google doc and write until either 10 minutes or I hit 750 words. You can literally write about anything that is happening in your life, your thoughts, your desires, your fears, the previous day, etc. Compete sentences aren’t needed just think of it as a mind flushing. It clears my mind up because I flush out all the things clouding my judgement.

• What was your strategy to successfully passing The5%ers’ First Level?
  I trade the London market open and look for entries on the 15M time frame. These entries are based off my google smart sheet I’ve set up from previous back testing giving me probability success rates of the market pairs in their specific scenarios. So, it is basically a data analytics approach to trading while my secondary scalping strategy is based off simple price action. I use no indicators.

• What would you recommend to someone who is just starting with us?
  I probably sound like a broken record at this point, but you need to back test, back test, then back test. I probably would’ve back tested more than a year on my pairs, but a year was the furthest I could go back to on the 15M time frame in tradingview. The more you trade your strategy, the more familiar you become with it and you start to see certain trends in the market. These trends can act as good audibles to help you stay on top of the ever-changing markets. I started to see a transition of viewing trades of USD values to strictly percentages and pips. This in turn helped my psychye because once you make this transition, everything changes for your trading game.
  I’d like to finish with this. Trading has gained massive exposure due to Dave Portnoy with Bar Stool Sports, GameStonk, Elon Musk with star actors BitCoin and DogeCoin, etc. But the mass majority of people still see this as a gamble. I was where you were just getting into this and eager about the opportunity and telling everybody and their grandmas. Not everyone will share your same approach and may try to bring you down. Note this, I believe in you. Do not like people bring down your dreams. If you put in the work, things will work out. If it’s not working for you, put in more work. Failing is a part of the process.

• Please share your recommendations for online resources that were/are significant in your trading development.
  I’d like to shoutout a mentor of mine, Nick Shawn. I stumbled upon his YouTube channel going over simple price action trading and his sarcastic approach picking fun at the “gurus” him home to me. Although my trading style has transitioned away from his, his view of trading and price action has helped me get to this point and I’m grateful for him.
  

• Would you like to share anything else with us?
  I’d like to thank the5ers for this amazing opportunity and can’t wait to see what the future holds!

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