I completely agree. More than 1% is really dangerous. Something starting by 0.25% and ending at 0.75%, back and forth, using continuous dynamic lot resizing is what I currently do in fact.

The brutal truth of day trading

I have been shorting this morning GU btw and the PA showed a penetration of the last Wednesday's low. I think there are chances to price to reach the 1.378 area. But that is unimportant. The high-probability shorting opportunities for this European ...

Market Structure Only- keep your charts clean

Hi people. This is a trade I had to close. The red line is the original first TP level, the arrow shows the path. image The problem here is that I use a tool, an assistant to help me determine the lot size. I used a new chart to place the order ...

The brutal truth of day trading

From the M15 perspective, this could be another valid scenario.

Market Structure Only- keep your charts clean

This is one type of analysis I do when there are important news at the end of the week. It is purely speculative as I really do not have expectations for it to happen, albeit I just prepare myself for a possible similar reaction. However, as per my ...

Market Structure Only- keep your charts clean

This thread is very good. I am redirecting here people asking me for advice. As usual, when you give or recommend something for free, most won't appreciate it, lol. I am happy to see you are among the exceptions.

Market Structure Only- keep your charts clean

I also add time to the equation. If at a certain time price has not reached my tp, I close it. I rarely will leave my trades open after 10AM UK time when I trade the European markets, for instance. And it is important to understand that I said "when ...

The brutal truth of day trading

Just another member blocked. Three in less than one week and one thread. Amazing.

The brutal truth of day trading

Yes, but there is more than an order block and a market structure shift. All is there on Youtube on the ICT free channel. One needs to go through all the materials unfortunately to understand it. image

1M Price Action System

OTE 1:1 London pre-lunch. Study High-probability scalping, Scout Sniper, Precision trading and ForeXmas series, on Youtube to better understand this setup. I do not talk about my own approach, but there are general principles that one can apply to ...

1M Price Action System

Another problem is what @RickM mentions about the traps our mind does like: Seeing patterns where they are not. General bias. Intuitive reasoning replacing analysis which is more efficient than rational thinking. Ignoring the main situation and ...

The brutal truth of day trading

I sometimes use compound and conditional in the same sense because I am not native English speaker and I commit that mistake. I think I have edited my prior post correcting it. P(B) = P(B|A) when they are independent. P(B) ≠ P(B|A) when they are ...

The brutal truth of day trading

Channels are areas that, once left, will probably empty for a while. One can agree to this assessment or not. But in either case that will imply something in particular: No, I think that what scherzi says is not true: This implies that channels will ...

The brutal truth of day trading

I don't know if old channels can be traded off in a thousand of different ways or not. I think for myself that finished patterns are only reference points and that one should not trade them. But others, the rest of the 7 billion human beings I am ...

The brutal truth of day trading

Fractality helps to know where we are. Just regarding the particual range that is completely arbitrary except because price was recently there. image

The brutal truth of day trading

This is the image I posted above. It is not a setup, just what I see when I look at the chart in terms of price. 341 is the number of points the market has traded so far. It helps me determining the remaining potential volatility. image Look at ...

The brutal truth of day trading

ops, I have not checked your profile. Sorry. May be my explanations a bit redundant for you if you already have experience. I thought you were new to trading, sorry. Another important thing is that I am not saying that trading breakouts is not legit ...

The brutal truth of day trading

When the range is broken you are outside any structure or reference related to that range, therefore, in my humble opinion, you should rely very lightly on the range since price is not anymore there. Price is connected to the range while it is ...

The brutal truth of day trading

Patterns (generically speaking) exist on every timeframe. The programs that set prices in markets are mostly agnostic to our OHLC-based charts in marginal terms. But they are not agnostic to human cycles, hence, pricing programs usually overlap our ...

The brutal truth of day trading

I told you I am not going to explain to you what I exactly mean with imbalance. It is not your business how I trade. Get over it. I am not going to argue with you anymore in any case.

The brutal truth of day trading