Hello. I am Laurynas from Lithuania. I’m 24 years. Finished bachelor in business management about year and a half ago. And i will be starting my first blog ever here at babypips 
A little bit of history. I’ve been playing poker for 3-4 years. Haven’t made huge amounts of money but enough to give myself a little boost every month while i was studying and during my first work years. Last summer company named “Full tilt poker” was shut down due to its shareholders sucking out all of the money from players balances and couldn’t pay back when it had to. Its a huge story not even gonna start talking about it here. So at that moment my whole bankroll is stuck in that poker platform. Right now it is in the middle of selling process and if its goes through i might see my money but unlikely. One way or another i grew bored of poker and started searching for something different even before Full Tilt Poker went under. I knew it has to be something with the element of risk. So that summer i’ve started playing with an idea about forex. Talked with my father whos also an investor, and at his days used to do something similar along with other things. I’ve got his blessing with a promise “if you’re any good at that i will stack you”. So since then i’ve tried to learn how to be profitable and get started being full time trader.
Went through babypips school. For a beginner its a great start. And i found it pretty useful. But once again i felt it was too much of theory, which i had up to neck while studying for 16 years i went through forums looking for more practical approach, for some kind of system. And luckily enough found the ICT thread. Thats where true practical knowledge started pouring. Since October or so been studying his material, and tried trading using his methods. For two months now been trading every single day or at least looking at charts every day for 5-8 hours a day. During that period i’ve learned very much. I know its still a long road, but sometimes seems that whole market starts to talk to me. Only sometimes 
other times its just blabbering
I currently work, and since Lithuania is in GMT+2 timezone, this mean London market is in confluence with my work hours. And that means i spend 50-60% of my work time looking at charts
One more thing, in Lithuania minimum wage is about 250 euros. And not being head of some department in huge company/bank or having your own business you can’t really make money in Lithuania. That saying i make 300 euros a month if you minus the gas and food on lunch brakes i make 150 euros monthly i currently live with my parents so that money is only enough to have few parties during a weekend. As well i don’t really see myself starting some kind of business, because am not a very team player, and i love being in control of everything. If i fail, i know i failed and its my responsibility not some kind of drunk slob, who fell asleep while he had to watch some indicators on compiuter and blew up my factory :-)) i am not saying i have the money to build a factory… just saying… So only job i see myself today is trading.
So summing all that, i’ve told my father that time is getting closer to stack me just saying that its pointless to work at my job if i am spending all my time looking at charts. Secondly, lets say i do work for somebody else and in best case scenario after 10-15 years i will make 3000 euros at best. Which doesn’t really satisfy me… Thirdly, i love doing this job. I just feel like i can do it. And lastly i have nothing to risk - i don’t have family to support, i don’t have bills to pay, i don’t have serious responsibilities. Time is perfect to try and chaise your dream. I know its too soon and bla bla bla bla, but hey, i am young and stupid and i can always find a job which pays 150 euros a month 
Just for once i feel i have to risk something to really start living a life which i want to live. Start doing what i want, instead of being a perfect super normal citizen and work at 8-5 job, have a small apartment somewhere and get old waisting my life.
This blog already start to look like an essay Ok. Few reasons why i start this blog is:
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To back up my trading ideas more than just few reasons. I really want to put all my ideas in words so i could see where i was wrong and try to learn from my mistakes more.
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I know if i will have to put my trading ideas, i won’t or at least be ashamed of days like this (see picture below), where i entered 5 times, during few hours period while having my bias wrong, only trying to BE IN THE MARKET. Only chasing that feeling that i am right.
Killing spread on 23 Entered short then tried entering long… It was a disaster.
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To track my winnings/loosing more closely.
So, now about my trading plan and account. I will be starting with 2000 euros in demo account. Why 2000? Because i will start my live account with exact same amount. And currently have similar amount on demo trade anyway which is 2140.
Trading plan will be based on ICT tools:
- Only trading majors (GBP/USD, EUR/USD).
- Daily, 4Hr, 1Hr bias. Fractals will come in handy here.
- Noting key S&R levels every Sunday before market open.
- Looking for confluence between Pivots, institutional levels (50,80,20), big figures, SMT divergence, divergence between oscillator and price.
- Will use Fib to enter on price retracements to level of 62-78 (Optimal trade entries) from highs and lows.
- Will trade only in London open and NewYork Open kill zones (7-9gmt, 14-16gmt).
- Risking 2% of account on one trade idea (25-30pips Stop Loss ALWAYS!!!).
I guess i’ve talked pretty much about everything So here my journey will begin. First i will put my friday’s ideas.
Traded both cable and fiber at London Open kill zone.
Cable.
As you can see, a beautiful confluence of Fib retracement (mirror OTE) on Central pivot, institutional 20 level, before days resistance which became support and a judas swing down, which makes it a classic buy day. As well, we have fiber going up while cable tanking down, which was just a fakeout because banks want to accumulate long positions.
For today i will add one of my favorite Roger Waters pieces. Hope you enjoy it and see you all tomorrow.
YouTube
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Edit: All information on how to use ICT tools you can find in his threads. I am not here to teach you how to use them, i’m here to log my learning process and results.[/U][/B]
Nevertheless have the same bias today. As fiber is in such a terrible spot by not knowing where its going (we have 3 indecisive candles), i would prefer trading cable.
These trades kill me the most. I know i should have not traded but yet…
dunno what wrong i did here. Maybe i should have moved my SL at BE when it reached 20pips profit? Because i had days where it comes back to the same level and rockets where i wanted in the first place. Thats why i got that rule to move SL at BE when it reaches 30pips+++…
One way or another i’m counting this as a loss. I will wait till this is official i guess.
But i can use SMT between cable and Fiber. At least i think so. Still haven’t tried the full potential. Just saying that i found a way… not the perfect one, but still…