I believe the things that make trading a reality for those who seek it are:
1) Passion
2) Accountability
3) Responsibility
4) Simple Written Model
5) Impeccable Risk Control
6) Permission To Be Less Than Perfect
7) Vision To See Yourself Living It
8) Focus On You Soley.
The secrets to effective & consistent profitability:
1) Adhere to a simple model.
2) Know what you want to make and it feeds you, leave something on just in case you were wrong about how much more.
3) Don't ask others for opinions, analysis or tips.
4) Manage Risk impeccably - ALWAYS.
5) Don't chase new things after you found your model.
6) Allow others to hold opinions - even if they are diametrically opposed to yours.
7) Unless you run a signal service, keep your opinions to yourself.
8) Make your bread, eat and go live for the day and find ways to bless others with it.
Anything else is BS.
SPX RTH Gap
When the market fails to take either SSL or BSL shortly after the open, it often retraces 25–50% of the RTH gap before continuing toward the untouched liquidity.
To trade this setup:
1. Wait for price to pull back into the 25–50% retracement of the RTH gap.
2. Look for a 2-minute Order Block (OB) to form within that zone.
3. Enter on confirmation and target the liquidity (SSL or BSL) that failed to be taken immediately after the market opened.
The idea is simple: if liquidity isn't taken at the open, the SPX often retraces into the RTH gap, provides an entry, and then continues toward that untouched liquidity.
2 years ago I was a broke uni student who believed I could trade.
Today I checked my lifetime payouts: $80,000 with @MyFundedFutures@MattLeech
When I cleared my student debt using payouts, it gave me the confidence that I can make it in this industry.
Prop firms like @MyFundedFutures genuinely change lives for traders who have the skill but little to no capital.
Also, grateful to the Lathyrus Trading Group and my mentors @XYJtrades & @Jay_ssmt, for all the skills they imparted to me.
@LumiTraders My reasoning for long was based on H12. Had hoped for deeper retracement first, but like you said after sweep and m15 structure it just made sense.
Post market review:
My thesis for the long today:
I was looking for manipulation lower to sweep internal SSL - London Low. After that, I needed to see a 15-minute shift in structure to target a new high of the week. We never reached it, though.
Why long bias?
$NQ held Tuesday’s low really well as well as created strong SMT w/ $ES, which gave us a potential Tuesday Low of the Week profile. Statistically, when Tuesday forms the low or high of the week, Friday often trades toward the opposite side and can make a new high or low of the week.
$NQ confirmed the long after forming a 15-minute IFVG. Once we retraced back into it, the entry was confirmed.
Hope that explains the reason behind my long bias today.