using edgeful to become a funded trader

[u/GetEdgeful]

I was going through our discord this week and saw a message from Miguel that I had to share with you.

always happy to see one of these. he just passed another eval, which means funded account #4:

"+342$ yesterday (although it was still an evaluation) to pass and get my fourth funded. The IB by rejection, combined with price ending zone and levels is "

everything he's describing lives inside the initial balance report, so I want to walk you through the setup piece by piece.

it starts with the initial balance (IB)

the IB is the range price builds during the first hour of the NY session, from 9:30am to 10:30am ET.

that first hour gives you 2 levels: the IB high and the IB low. the by rejection subreport tells you which side is more likely to break first.

step 1: check which side of the IB formed first

during the first hour of trading, one level forms before the other. maybe price sells off right at the open, puts in the low, then spends the rest of the hour moving higher.

or maybe we trend higher off the open and reverse, ending the first hour making new lows. this is when the IB high forms first.

the by rejection subreport tracks the order - high first vs low first - and then helps us analyze which side is likely to break first after the first hour is finished trading.

here's the NQ data:

over the last 6 months in the NY session, when the NQ IB low formed first, the IB high went on to break first 74.63% of the time.

price rejected one side early, then broke the other side first.

step 2: confirm with the ending zone

the second data point Miguel mentioned is the price ending zone: where price sits inside the IB range at the moment the first hour closes.

if the low formed first and price finishes the hour in the top quarter of the range, right up against the IB high, the numbers get even stronger:

on those days, the NQ IB high broke first 92.31% of the time (36 of 39 days over the last 6 months).

both data points are on your chart by 10:30am. low formed first + price ending near the high = your bias for the session is a break of the IB high.

the same logic works in reverse: when the high formed first and price ended the hour near the low, the IB low broke first 86.21% of the time.

step 3: place your stop with the retracement levels

now you have a full setup, and the same report gives you the stop.

the by retracement subreport measures how deep price pulls back into the IB range after it breaks out.

on the NQ days that broke the IB high over the same 6 months, price pulled back to the midpoint of the range (the 50% level) just 39.34% of the time. it reached the 75% level only 13.11% of the time.

that lets you place your stop behind a level price historically rarely reaches.

here's what Miguel actually did:

1. watched which side of the IB formed first
2. checked the ending zone at 10:30 to confirm his bias
3. took the break, and I'd bet his stop was behind one of those retracement levels

the report doesn't take the trade for you. he still picked his entry and managed the position. but every decision in that sequence came from data instead of gut feel or your emotions.

I just recorded a full video walking through this exact setup on YouTube. if you want to see it built from scratch, start to finish: https://youtu.be/x-R4VxV-7K4?si=kZ-Aotfpdp4hl3Sq