TJR Bootcamp 1
TJR Bootcamp 1
Candlesticks
10 December 2024
Day 2 of the boot camp was talking about candlesticks
and the ones we do need to know is a doji, long legged doji, cross doji,
inverse doji, dragonfly doji and hammers and inverted hammers (need to
go back and write down the candlesticks he talked about)
Discipline
11 December 2024
Day 3 of the boot camp we talked about having discipline
And that motivation can only take you so far then the rest is discipline so
every day we must get into a routine that we fust follow everyday even if
we feel like we don’t to.
Homework is to find something to that will not make you comfortable and
have a routine every day. So, mine is doing push ups, squats, lunges and
sit ups every morning and I’m going to try sleep early and wake up early
as well.
Trend lines
12 December 2024
And how we should look at big time frames then go into small ones when
we want to execute but we are not executing yet we are still learning the
basics of everything and that we must not fight the trend of the market. If
I struggle with candle sticks just use the line under candle section to see
clearly the direction of the markets. I also covered higher highs, higher
lows, lower highs and lower lows. Like I said at the top that we must
determine the general direction first in bigger time frames then we look at
smaller time frames to see how it looks and where we can enter.
So, the homework was to look at a pair or 2 and look at the weekly time
frame and the direction its going then look at the daily and predict where
the markets are going to go
Goal setting
13 December 2024
If I don’t really need it don’t buy with the little money you have now
Don’t listen to what other people say when they trade, they trade their
own thing
Master my strategy
Ask or search how people started off before getting what they wanted
Be a profitable trader
Make sure you complete your goals daily or take steps in the
direction of the short-term goals
Read and vocalize your goals everyday as if you are there
already
The homework is on the top, but I also need to complete them every day
or one step at a time
Break of structure
14 December 2024
And so far, I know that a high and a low are created by a blue and red
candle stick (if they are not the same colour then it can create it). We look
at the wicks of the candle regardless of them being short or long, for
example if the candle stick was buying then closes and it buys then sells,
we look for a high where the wick was left when it started selling. Break of
structure is when a candle closes above or below the recent high or low
meaning it is breaking the trend and going on another trend weather its
up or down. “It is not a break of structure unless the candle closes above
a high or below a low.”
To simplify it
And what we were talking about how to be yourself when we trade, and
we mustn’t try to be like anyone because everyone learns different so if it
takes time, it’s okay. If I don’t understand TJR’s strategy or concepts its
fine because we can take his psychology notes down because not many
people cover the psychology part of trading so be patient with myself, we
can also mix different concepts if it works for us. (in the comments section
it says look at ICT silver bullet with confidence with what TJR is teaching,
keep that in mind) if you are not confident in life then how can you be
confident in placing a trade
Mini homework, do what I want for a day regardless of what people say or
society says because it will build my confidence also write down how I felt
doing what I wanted
Liquidity Pt 1
16 December 2024
Liquidity: Is resting orders: stop (getting out of a trade), limit (buy limit or
sell limit when a certain line is hit you get in or out the market). In short it
is when a lot of people are getting into and out the market a lot of money
in circulation at the time. We try to go the same way as the bank which is
who controls the market and decides where it wants to go. So, in 2 days
we will learn how to spot it and how to go the same way with the bank. It’s
like a trend change and break of structure. Where it’s a shift. If there is no
shift, we don’t do anything we wait for confirmation. Take trades with
confluence with the market. Liquidity is where the bankers want to fill the
orders so the move the markets in the direction they want. And that is
where we want to execute with them.
Day 9 of the boot camp was just a check in on how we are doing so far
and that we will have check ins every week or 2 and there’s also no
homework today
Liquidity Pt 2
18 December 2024
And what we are looking at where liquidity is and how the markets move
because the markets need liquidity to move anywhere. The markets
always look for liquidity or to fill up where liquidity rests so it can make a
direction
Homework, open the markets and go 3 different time frames and find 5
different liquidity sweeps
How to take a loss
19 December 2024
Day 11 of the boot camp and today we are looking at how to take a loss
And what I must understand that I’m going to lose because it is part of the
game and if I can sort of be happy that I lost a trade because I am going
to learn from it then that’s me getting one step closer and change the
game. I’m not going to be 100% when it comes to trades and its okay
because if I become upset about the money I’m losing then trading isn’t
for me cause it shows that I’m emotionally unstable about the money I’m
losing probably meaning I shouldn’t be trading in the first place also
meaning I over risked and or that I probably means it was like my fifth
trade on that day, we must be level headed. If you lose your first trade, be
happy cause you learn from the losses and failing helps you grow.
Encourage losing to learn because it’s not always going to go your way.
DO NOT BE UPSET BECAUSE IT MEANS YOU ARE DOING SOMETHNG
WRONG. It’s okay to start on a demo then go to a live account and its
okay to just trade a live account but weather you win, or loss do not be
emotional about it and if you don’t see it as a get rich quick and take your
time you are going to make it. The word can’t, should not be in your
vocabulary so don’t be like I can’t do this just understand why it never
went your way so how can I learn from this not can’t. Its only I will, and I
can and understand and if you trade on demo, you are saving yourself
money and you are learning at the same time. When you lose there
should only be a positive reaction not negative one plus sees it as there
will always be another day and understanding your strategy and how to
take a loss will help you in the long run and once you got that in control
you will be rolling in money so take your time. Don’t place blame like oh
the market took me out no, the market did what it did, it was your fault,
and you must learn from it and its not oh I got stopped out because of
news, its I took the wrong trade so just learn from it.
Liquidity Pt 3
20 December 2024
And what we must know is that we cannot enter as soon as liquidity has
been swept otherwise, we will make more losses and wins. We ned to wait
for confirmation before we enter so we look for confluences, so we wait for
the high or low to get hit then how it reacts determines on how you enter
a trade or not.
And what we must understand is how hard it is, and you might not be
profitable in your first and second year and you are going to lose a lot of
money. And when you transition from demo to live where you might have
been profitable from demo then go to live there will be a gap where you
lose money because of emotions. How much you should risk is 1 to 3% of
your account with anything you trade because it’s easy to blow your
account. This also means that whether you win or lose you can’t let your
emotions get the better of you otherwise boom your account is gone and
your fxcked. The minute you start taking more trades that you didn’t
intend you will lose just like that because if you risk 1% of your account it
will take 100 trades to blow your account and everyone makes this
mistake by entering after they lost their trade, so try not to trade more
than what you told yourself to trade. If you don’t treat it like how others
treat it and think you can do it a different way do you think you will make
it? Just stick to your risk management and that’s it, not saying it’s easy
but that’s the thing about trading, the psychology. Sometimes you won’t
find a setup and that’s okay, the markets aren’t going anywhere so the
point is to be able to trade the next day because there will be a setup
even if there isn’t on that day. And you must understand that this will take
time so it’s okay, be ambitious but don’t be over ambitious, just don’t fall
for the trap that you will be rich quick.
Fair value gaps Pt 1
14 December 2024
Day 14 of the boot camp and we are talking about fair value gaps p1
It’s basically a liquidity void or imbalance and that’s where orders are
residing, and the markets are targeting them and it’s a price range where
there’s no contradicting orders because there is no buy or sell orders
there and basically goes up or down where there are no resting orders and
doesn’t hesitate that’s what causes FVGs. This is where we see
retracement and break of structure cause the markets targets that void.
3 biggest problems
I take other people’s trades
I over trade
And what we looked at was about how dopamine has a lot of influence
when we enter a buy or sell. Patience is an important thing like waiting for
a setup so we must have a plan to follow and rules to build patience is
no.1 is having a trading plan that you follow and ready to execute. So,
when you look at the markets look at it as if you not entering like you
don’t want to trade so be open to not trading. Don’t force a setup like a
bias or break of structure so think about it for the long run. Everyone has
their own time so be patient and don’t trade with the boys because
everyone has different trades and concepts. Relax money will come so
work on the skill
Homework is going to a room, turn off the lights and put your phone
outside with a timer of 30 minutes and meditate and don’t move just sit
and breath.
Fair value gaps Pt 3
26 December 2024
We were just using all the concepts and putting them all together so just
practice them
How to read the news data
27 December 2024
Day 19 of the boot camp and we are looking at how to read the news data
We can trade when there is news but does not affect the market. Do not
trade CPI, PPI, FOMC and NFP. If its anything else wait 30 minutes to an
hour for price to develop then trade. Now how to read news, first is the
forecast which is what news like fox or CNN predict it will be, and the
actual is what comes out when the news events take place. When you
press the folder, it will show you the history and specifics of that event.
What we look at is the usual effect which gives us a bias, but it doesn’t
mean you must use that as your bias. If it is good for the currency, it is not
good for anything that is against the currency, so if the actual is greater
than forecast it is bad for anything with that currency like for usd, if it is
anything with xxx/usd it is bad for it like gold. But if it’s like GBP/xxx and
the actual is less than forecast it is good for the great British pound, read
that shxt again. So, if we get good news on top like GBP/USD it will go up,
but if it’s for the bottom one it will go down. So, to simplify:
GBP/USD
USD/JPY
Day 20 of the boot camp and today we are looking at order blocks p1
Day 21 of the boot camp and we are looking at how to take a win
And what we talked about was that we should treat the win like a loss. If
you can’t think of the probabilities and percentages get out. If you are
thinking about the cold hard cash its chaai my guy. Why are you acting on
emotions cause if you win a trade you tend to be overconfident, and risk
more than lose more than you won. If you won be emotionless about it,
just relax my guy otherwise its chaai for you. Taking a win is the same as
taking a lose because the same money you made can be the same
amount you lose so focus on probability, percent and win rate. You should
not give a fxck about the money. Who cares if you win your still a loser,
who cares if you made this much money if you’re not profitable. Prove it to
yourself, if you can screenshot the wins what about the losses????
Order blocks Pt 2
30 December 2024
Day 23 of the boot camp and today it was just another check in so we can
chill
Order blocks Pt 3
01 January 2025
And today we were just doing our homework with TJR and is simple, we
just need that market experience
Over confidence
02 January 2025
Day 25 of the boot camp and today we are looking at over confidence
And what you must understand is that we are playing all on probability so
never be too overconfident. If you are forcing a trade/bias to try to win
that one trade that will take you out that hole, then you have a better
chance at gambling than trading. If you understand that you are not a
profitable trader, then stop taking 5 trades or more a day because we are
here to learn. Be open to take the loss because once you have learnt the
skill you will win eventually. If you overconfident 100% and enter the
markets like that and lose you then enter a state of fear so be realistic
with it. If you on a win streak expect a loss because the wins will get to
your head, so be confident but not to confident and be confident and not
fearful, find a balance. Remember what got you to where you at.
Equilibrium
03 January 2025
And what we learnt was that equilibrium is a retracement tool to show you
where big money is likely to buy again. To simplify it’s like going to a shop
and seeing that Doritos are like $5 more than the actual price so you are
of course going to look for one with the regular price or one on sale,
basically a discount for banks and that is basically what it is in a nutshell.
So, if they are looking for a long then they want a cheaper price and if
they are looking to short, they are looking for a higher price. So essentially
we are able to measure from the high to the low or from the low to a high
to measure the premium and discount and basically it is measuring the
high from the low and finding the 50% mark, so if we are going from a
high to a low and we are on a downtrend and when price gets up to the
equilibrium, above that 50% mark from the distance from the high to the
low, that is considered a discount to go short because it is at a high price
at breakeven meaning it is a good point to go short basically it is a sale. It
is literary finding a premium or discount of a swing high to a swing low or
from a swing low to a swing high. Not necessary a place to enter just to
see where most people would enter. So our tools are liquidity sweep is the
inducement, the break of structure is our first primary entry (so liquidity
sweep and BOS, that’s our entry point) and if you missed that your first
retracement entry point which is your order block ( what’s the order
block?, it’s the actual move that causes the liquidity sweep) so if you see
the liquidity sweep, BOS, tap into the order block, reaction off of it or even
hitting the order block, enter off that. If we miss the liquidity sweep, BOS
then we have FVG (a retracement tool) then we see it fill an imbalance
and when we see a reaction from it boom enter. Now we have equilibrium
which we can pair with FVGs which is the perfect tool to combine for a
retracement. If you can find a FVG that is within a discounted price and
then you get a reaction, bling blah boom lets enter.
Fear
04 January 2025
Day 27 of the boot camp and today we are looking at fear and doubt in
the markets
Don’t be afraid, encourage losses and if you scared trade demo. This boot
camp is here to help us with small mistakes that would have taken us 6
months to a year. Don’t have doubt or fear when trading demo then have
the confidence when you go live and only go to live when you are
profitable for like 3 months with over 10% gain (that’s if you scared to
trade live). Don’t do crazy things on demo, treat it like a real account
don’t over leverage and full port because you will get back to your bad
habits. And when you get back to the live account you are going to lose
and make bad choice and if you lose your confidence then go back to
demo and teach yourself that you are profitable and why you are using
that strategy and risk management. Even when you go back to live the
odds are you might lose and since you are trading real money fear starts
seeping through cause now you are risking money, and you can’t afford to
lose money. Whether you know it or not your subconscious is attached to
that money, so what you can do is trade demo and get a job or use risk
management to detach from that money cause if you risk 1% you won’t
be afraid to lose that 1 to 3% of that money. This will teach you to be
emotionless when trading whether it’s a win or loss and you will be
emotional at first but you will get used to it and a funded account will help
because there are rules that you have to follow so it will force you to use
risk management cause you have to follow the rules of the funded
account challenge and when you pass it will give you confidence and you
would basically show you are a profitable trader. We must be open to learn
and be open and understanding to losing on demo and from there it can
either go to funded or using personal capital because you will be
emotionless to win or lose money. Be bored to trade when you enter the
markets.
Equilibrium Pt 2
05 January 2025
Day 29 of the boot camp and today we are looking at a trading plan
What session?
Spx?
Forex?
Commodities?
Crypto?
Execute
Execution
07 January 2025
Day 30 of the boot camp and we are talking about how to execute trades
Liq sweep
Bos
OB
FVG
EQ
Liq sweep + Bos: orders had the potential to get filled and were confirmed
that they were by a bos
Liq sweep + Bos + OB: orders had the potential to get filled and were
confirmed that they were by a bos, and we waited for the price range
where orders were filled prior to get hit to get an optimal entry
Liq sweep + Bos + FVG: orders had the potential to get filled and were
confirmed that they were by a bos, and we waited for the price range
where there was a lack of liquidity in the market in the opposite direction
of our bias to get hit for us to enter
Liq sweep + Bos + OB /FVG + EQ: orders had the potential to get filled
and were confirmed that they were by a bos, and we waited for the price
range that either a OB or FVG along with it being in a discount to enter
Hard work
08 January 2025
Day 31 of the boot camp and today we are looking at hard work
It’s basically like day 1 of the boot camp and how you must take action
and put in the work. You got to work so hard that you get the results don’t
try to cut corners cause hard work will get you far in life. Look at sport
stars, they usually got there because of hard work and have that work
ethic. You can say you want this and want that but if you don’t take action
then they are just empty words, that’s why affirmation only works when
you act on it. Refuse to be out worked.
Homework is to look back at day 1 and watch that and remember the
reason you started this.
Execution Pt 2
09 January 2025
And today we were just looking at how to execute liq sweep and bos
Day 33 of the boot camp and today what we are looking at is execution p3
Abd what we did was just put everything we learnt to practice today
Day 34 of the boot camp and today we are looking at daily bias
And today what we learnt was we know how to execute but it must
correspond with the daily bias and how we check is realise where price is
going then do a top-down analysis on the weekly to see where price is
going then scale down to the daily time frame and just look at it. To find
our daily bias we look at the hourly time frame and we use the daily
current market structure to find the daily bias then and how to form it
from that.
Daily bias Pt 2
12 January 2025
Just executing it
Daily bias Pt 3
13 January 2025
Day 36 of the boot camp and today we are looking at daily bias p3
What we learnt was to never get fooled by smaller time frames and that
smaller time frames must be for execution so everything must go with
your daily bias
Taking profits
14 January 2025
Day 37 for the boot camp and today what we are looking at is taking
profits
Day 38 of the boot camp and today we are looking at stop losses
And what we learnt was that when you enter try to place the sl above the
liq sweep if it’s too far try to find confluence like a fvg or order block to
place your sl and don’t forget to consider the spreads of your broker and
understand the risk management
Calculating Lot Size
16 January 2025
Day 39 of the boot camp and today we are looking at calculating lot size
And what we learnt was if you want to calculate what lot size is to look at
https://www.securities.io/forex-position-size-calculator/
Help me help you
17 January 2025
Nothing hectic just make sure you are working on your strategy and
psychology
Learn from losses
18 January 2025
Day 41 of the boot camp and today we are looking at how to learn from
our losses
And what we looked at was that you can go a while with losses which is
why you must journal and find out why, whether it was price action or the
time frame that you traded on. Its not a matter of the strategy but stuff
like this usually happens just don’t force a trade if you are on a losing
streak and be patient. Find out why you are losing and try working on it
because the market will act, the way it does and if this happens stop
trying to act off what you think the markets should be doing and start
acting based off of what the markets give you. Even if the markets don’t
move in your bias like if you are looking for buys and the markets give you
a sell then adapt and work with it not against it
How to back test
19 January 2025
Day 42 of the boot camp and today we are talking about backtesting
And what we learnt was that if you want to backtest then trade demo on
live-by-live testing and if you want to go back then just go back and do
target testing
Weekly Analysis
20 January 2025
Day 43 of the boot camp and today we are looking at weekly analysis
What we learnt was use forex factory so you know when you are going to
trade and when not to. Then just do what you would do when you analyse
but on the week and monthly time frame.
Try not to Trade
21 January 2025
Day 44 of the boot camp and today we are talking about how we know not
to trade
And basically, it’s like daily bias and your setup must be in line with your
setup. And you wouldn’t trade if there’s no sense of direction so why
trade. Hard work pays off, if you dedicate yourself to it then the results
will show and if you are mediocre then you will get such results.
Motivation:
“The reason why the dragon protects the gold is because you have to go
through what you fear most to get the reward.” Its not wrong if you
scared, if you will be afraid but if you come with the right mindset from
learning from your mistake then you will grow and be smarter. You can fail
100 or 1 000 times but the headspace you will gain from it is
irreplaceable. Prove it to yourself if you want something, if you want
something prove it you want it by working hard or doing something to
show that you want it. You may be tired now, but you won’t regret it when
you get what you wanted.
Over Complicating
22 January 2025
Day 45 of the boot camp and today we are talking about over
complicating
And what we learnt was that we have a trading a plan for a reason so that
we follow it and don’t over complicate it. All it is is that we need market
experience like don’t deep it, don’t think too much of it just follow the
trading plan. You must lose in order to start making money in this world of
trading so try to dumb it down and simplify it. Don’t take strategies from
other youtubers or tiktokers or signal groups, if you have a strategy just
clear your mind and stick to that ya know, cause how will you know your
own daily bias if you have someone else telling you a daily bias. Its gonna
take longer to be profitable if you are taking someone else’s work. Stop
taking bits and pieces from everything cause you think there’s a missing
link, THERES NO MISSING LINK CAUSE THE ONLY MISSING LINK IS TIME IN
THE MARKETS!!!!
Journaling Trades
23 January 2025
Day 46 of the boot camp and today we are talking about journaling trades
What pair
What session
What risk
Day 47 of the boot camp and today we are talking about back testing CPI
Basically, showing us why its not the best idea to trade news events and if
you want to just rewatch the video
Live Daily bias Analysis on PPI
25 January 2025
Day 48 of the boot camp and today we are talking about daily bias
analysis
I saw how we would look for a setup for when the event happened but I’m
good ill try doing events when I have money to waste
Weekly Analysis
27 January 2025
Day 50 of the boot camp and today we are looking at how we do a weekly
analysis
So, we start off at looking at our forex factory then we do our analysis on
the daily to see if there was any liquidity swept or any break of structure
and if there was any equilibrium
Sunday Motivation
28 January 2025
Day 51 of the boot camp and today we are looking at Sunday Motivation
Homework is to meditate again and write what you are thinking and the
other homework is journaling what I was thinking and what distracts me
Daily Bias + Break Even Trading Recap
29 January 2025
Day 52 of the boot camp and today we are looking at daily bias and break
even trading recap
Day 53 of the boot camp and we were just looking at daily bias and it was
a recap overall
Daily bias + No trades today
31 January 2025
Day 54 of the boot camp and it was a no trade day and we were just
looking at the charts
The End
01 February 2025
Day 55 of the boot camp and this is the end of the boot camp so thank
you