Post Holiday Trading Protocol:
If a holiday falls on any weekday, the following Monday is a standard business day, trade accordingly.
If the holiday falls on a Saturday or Sunday, Monday following this event, tends to be trash.
I just told Calub we are waiting for 10am ET, to determine if we are engaging at all.
Lecture after.
Be safe.
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.
1) Determine a Draw On Liquidity - where Price is likely reaching; like NWOG, PDH\PDL, Session H\L.
2) Wait for opposing liquidity raid, during or immediately after a 10\50 Macro.
3) Entry on 1st FVG in the present price structure or use IFVG in the run to opposing liquidity to your Draw On Liquidity.
4) Frame your risk to 1% or less, Hard Stop Loss placement beyond Candle #1 of the FVG you used for entry.
5) Take 50% of position off at half of the range between your entry and the Draw On Liquidty, the balance limit out just before your Terminus.
Wash, Rinse, Repeat... nothing fancy or complicated.
Can I ask a question unrelated to the markets... and ask you all for a summer reading that you enjoyed?
What book are you reading that is not a Trading book?
When you pick a topic, for instance RTH ORGs...
You backtest as far back as you can. Noting how each developed, filled, remained partially open, filled the C.E. by 10am or used its range for standard deviations.
Over time handling these, you will learn how to engage them personally with a model you trust, backtested and forward tested both by tapereading and demo executions.
This is the way... ignore youthful vanity and the absence of wisdom from the unlearned.
For your notes:
When a market reaches for an obvious Smooth Edge in Price, I like to see animation when it gets there. It doesn't matter to me if it reverses or run to and through... I just lose interest in any market that hangs around Clean Levels.
It is not Algorithmic when it does this... but intervention.
The Opening Range of Midnight to 12:30am ET is useful for London Open and the Daily Range.
The 1:30am ET to 2:00am ET Opening Range is a direct concept for London Open specifically.
It aids when price has no interest in returning to the Midnight Opening Range.
Make a note of it.
Please know what I teach and how and why I teach the way I do before you make false claims.
I trade 90% of Mondays, news days or non-news and holidays and when everyone else loses money.
Those are facts... anyone is welcome to test this theory.
16:45 is not a NDOG time reference, so that is mistake one.
New Day Opening Gap or NDOG is measured from 4:14pm ET to 6:00pm ET.
Previous Settlement Gap or PSG is measured from 5:00pm ET to 9:30am ET next calendar trading day.
Opening Range Gap or ORG is measured from Previous Day 4:14pm ET to 9:30am ET next calendar Trading day.
These are three different gaps. What you labeled here is neither. However, the Algorithm does refer other more obscure references in Time Delivery I won't get into here but later on will.
Young people... read this carefully.
If you lose sleep, while longing to be a popular online influencer with jetsetter living... you are only guaranteeing a stressful job for yourself.
When influencers start this route online, they fail to identify, before they start, how difficult it will be to keep up the image and interest.
Placing so much of your time, focus and heart in the hope that others will look up to you, wishing to be like you... actually robs you of your peace and personal tranquility.
It is a job, that is 7 days a week, 365 days a year... when you choose to be an influencer.
Contrast this with being independently wealthy and free from all the cares of on online clout and hate for just being successful; in a world where 99% aren't.
Contrast this with being independently wealthy and free from all the cares of on online clout and hate for just being successful; in a world where 99% aren't.
Managing online image is a stressful career... so why bother? Live well and never lose sleep over the opinions of others.
There will come a day when you wake up and realize that you have enough money in the bank, enough confidence in yourself that your own hands hold the power to make wealth... that you no longer insist on chasing the attention or adoration of others to find self-worth or accomplishment.
This is living in contentment.
A still mind that allows the pleasures of simple things and appreciation for time unshackled.
Aim to live like this... it is winning.
Just because the majority of my personal focus is on NQ, doesn't mean that what I teach is not applicable to the CFD markets. US100, XauUsd and FX pairs are not spared by my concepts.
Choose what you can focus on and be a specialist.
@prophecysam There is no perfect starting point for everyone... I discovered.
If I had my say on the matter... and felt it should be studied in a specific order:
Market Maker Primer
Scout Sniper Series
Precision Trading Concepts
Mentorship 2022
Then if you want to go deeper, the rest.