Your setup is spot on. Since the daily IFVG held, the market now has the fuel to push up. That 1.3362X level is acting like a magnet for buy stops. Sweeping that liquidity first gives the big players exactly what they need to trap early sellers ...

Cable Update (GBPUSD)

Trading for a few years now. Became profitable after gaining consistency and controlling risk. I focus on steady returns instead of fixed monthly % targets. I use both prop firms and a small personal account.

Profitable Traders, how well are you doing?

Nice discovery. But backtest results can be misleading, especially on 1M. Test them live before trusting performance.

The strength of BE system

Yes, it can feel misleading because many firms earn more from challenge fees than long term funded traders. The idea is legit, but the model isn’t always trader friendly so caution is needed.

Prop firms daily loss limit

Prop firms calculate Max Daily Loss as intraday equity drawdown, not closing loss. So even if your trade recovers later and you end in profit, if your account went below the limit at any point during the day, it’s still a breach.

Prop firms daily loss limit

I’m still waiting for gold to cool off a bit. But if I had to take a position right now, I’d slightly lean short because this bullish move has been quite aggressive and feels a bit stretched at this point.

Gold with No Drama