In my view, the high of the Tokyo session is a liquidity pool begging to be harvested....I was waiting with a short sell a bit higher up, so the temptation now would to be move down to the next big engulfing/impulse price candle, and stick SL ...

Price Action Trading (PAT) - Amplifying Market Insights

Nice going, but would that be 0.5% of the alleged account size (200K), or 0.5% of the actual account size in terms of what you are allowed to lose? I suspect the former, which means you are actually risking 5% per trade, just so you are clear on ...

Prop Firm Hub

Do you drink coffee? If so, stop.

Advice on managing anxiety

It's that 3 pip SL bit that gets me. The best that could be said about your strategy (whatever it might be), is that it is statistics based, but statistical trends are in constant flux, and on the sort of time frames that you would be looking at ...

Advice on Level trading conflicts

Seems to me like you have no strategy. No view on the market. No idea of where the dumb money is trapped, and where their points of pain might be. You are just gambling. May as well head down to the casino. The odds will be more in your favour ...

Advice on Level trading conflicts

Referenced to in Linda Raschke's book, Trading Sardines.

Dispelling Common Trading Myths & Axioms

Cos Novice optimism reminds more experienced traders of their own starry eyed and totally misguided beginnings... ....and it's painful to us.

Forex EA for prop firm

Even the guy who taught me how to trade, didn't deny the impact of market makers or market manipulators.....but he was still entrenched in this erroneous Bulls V Bears, Ms v Ws, paradigm, that I have seen so much off in the trading education sphere. ...

Dispelling Common Trading Myths & Axioms

Just using the previous weeks price action in the GBPUSD as an example. The Asian Session, almost follows the TA 101A textbook on how markets should trade, as low volatility as it might be (just make sure you get out b4 London Open) The US Session, ...

Cable Update (GBPUSD)

US session is certainly the hardest to trade, and across all asset classes. US session is where the majority of the 'robberies' (liquidity rinses) take place. Perhaps that is to do with the sort of people who dominate the US financial system? ...

Cable Update (GBPUSD)

Yep. It's proven. The studies have been done and the numbers are in. Whilst every retail trader and his dog are aiming for 2:1 - 3:1, cos that is how our minds have been trained. The most profitable strategies (by some margin), are huge RR, low win ...

Dispelling Common Trading Myths & Axioms

Entry on previous n00b Short Sell trade entry level. Exactly the sort of trade I like to take. One problem is that n00b Short Sell SL levels already been rinsed (see monkey)....which makes the trade outcome less probable in my view.

Cable Update (GBPUSD)

Yep. Looking at the Weekly and Daily charts, GBPUSD doesn't look particularly bearish to me, but neither does it look like a great buy. Where 'they' take it, will likely depend on where the Dumb Money lines itself up (which pretty much describes 90% ...

Cable Update (GBPUSD)

Do you not think that there is perhaps a case that 'business has been done' to the downside across the Risk On currencies (EU, GU, AU)? Tags of liquidity zones in each one, Will watch with interest.

Cable Update (GBPUSD)

Yep. I would go a step further than that and state that sticking to one timeframe is fucking mental.* But exactly the sort of horseshit that the goofy dunce who taught me how to tarde would instill in my head. *Unless you are long term investing ...

Focusing on one or two pairs, one timeframe?

Every profitable trader knows, that their profitable system is themselves, and the intrinsic understanding and feel for how the market moves, that took thousands of hours of observation and interaction with the markets to acquire, and which cannot ...

To the profitable people

Interesting. Would have more confidence in any breakdown structure here if 'they' had already harvested the obvious liquidity zone above point 4 on ur chart.....which they haven't.......yet.

Cable Update (GBPUSD)

He will be net bullish when the time finally comes.... .....most people will be.

So easy to trade during this coming recession?

Lots of Pro Traders, and I mean really good ones, been predicting the recession to kick in long before now, about the time that the OP made his comments almost 18 months ago actually, at a point where the USD bull run was about 85% done, as it ...

So easy to trade during this coming recession?