It took me 5 years to find my place in the market. Years of failures. Hundreds of hours of content. But I finally did it.
I built a 4 step system that is heavily geared towards trading AFTER a stop-run has taken place. It’s something that became obvious in my 4th year of learning to trade. The point that had to be understood before having the ability to build the system, was the knowledge of where retail traders gather stops as a whole.
We’re always taught in books and in online courses to place a stop loss 10-30 pips below lows and above highs. But has no one ever questioned why were taught that and why so many retail traders get smacked out of their positions before the market eventually removes in their intended direction? That was one of my biggest questions. “How do I avoid getting stopped out?” And the answer was, to wait for the stop run. Then take a trade. Seems obvious, doesn’t it?
I posted a 15 video trader development series on my set up. It’s public on YouTube. You guys can find the YouTube by searching ‘decision of power’ (the forum won’t allow me to post a link)
Creating a system takes a long time and a lot of effort. If you get it right. It’s worth it in the end.
Hopefully, some of you who are still struggling will find some use from the set up.
Catch ya later.