A trade has to practically beg me to take it.
It has to go down on its knees and give me every possible reason before I put my money behind it.
Everything needs to align = the higher-timeframe context, directional bias, timing, entry model, and risk-to-reward.
Major brokers halting trading onXAUUSD tells you what ?
- Excessive b-book exposure
No matter how big or small a broker is, if risk is managed effectively, trading should be continued.
One thing we will see happening in the future for CFD metals is the increase in margin requirements and lower leverage.
Summary of what happened last two weeks.
1. We had a bearish directional bias for the first week, during which you would’ve primarily taken bearish trades.
2. Then, the following week, an smt divergence formed (plus a csd)... which signaled a shift in directional bias.
Only those who knew about CRT were aware of the crash.
CRT will guide you towards the correct draw on liquidity
CRT will guide you to high probability turtle soups
CRT will tell you where tops/bottoms are formed
CRT is the epitome of technical excellence - Nothing comes close.
Whenever you set out to do something great, give yourself at least 5 years.
It will be the hardest thing that you ever tried to do, but just remember… the more you fail the better you’ll get.