This is my greatest physiological hurdle, having preconceived ideas of where price will go and then looking for TA evidence to support my preconceived bias. That is the reason I do not trade the AUD/USD, too much fundamental (read popular press) information that creates a (perhaps unconscious) bias.
The solution, at least for me, is to only trade in the direction of H4 up Market Structure. This kept me out of going Short yesterday, despite my (and others) gut telling me the Fiber was due for a selloff.
Review all the parts in order again. Itâs all there.
Directional premise is derived by the higher timeframe Market Structure, Keying off of Intermediate term and short term swings in that direction. Itâs still never black & white and I think perhaps you have that expectation⌠and I am going to be 100% honest with you⌠I will never be able to remove the gray⌠there is beauty in Grey.
That reminds me Tansen⌠my favorite colors you asked me on Twitter⌠Grey and Ivory.
Roll your sleeves up PH⌠get a list of questions together. We have a one on one in 2013 you can take full advantage of.
They are all fantastic. Best value for money of any Trading Video(s) I have ever seen, including those that actually cost something besides time and personal effort. Amazed that Michael has the time to create such professional presentation, with substance.
If there was no Grey then everyone would be doing âitâ and then âitâ would no longer be profitable.
Same reason that âturn keyâ trading systems are a waste of time and (often) money.
Same reason that over 95% of FX Tradesr fail - they are searching for the âHoly Grailâ B&W trading system, which (often) only makes money for the promoter.
I just wanted to take a moment to thank Clint for his hard work and assistance in communicating nearly two decades of knowledge and in many cases⌠âcreating a common languageâ for me to communicate what resides inside my mind as a Trader.
The thread he has begun will most definitely be growing in the coming weeks⌠and I appreciate those not posting in it to provide him the space to add as he needs to. When my teaching series on the second post has completed on Christmas⌠my days as a âTeacherâ will have come to itâs completion.
In 2013, you will see The Trader behind the theory. I promise⌠you will be entertained.
youâre such a nice person, michael. love the last minutes of the vid! great personality (i knew it all along, because who else would go through all of this to help others and not make money from it or anything else). thank you!
EURUSD, I really wouldnât like to call this, we have broken the Asian highs, a pop a bit higher does seem on the cards, and dare I say it, a trendline on the Daily Chart might provide enough confluence or a bounce down?
ICT called it for yesterday though in his video, but heâd obviously looked at my chart on Sunday, and thought, mmm, I like blue
OK Michael I was very entertained with the London Express, if 2013 is even half as good as this recent video then we are in for a GREAT treat.
Cheers mate to all that you have shown us and taught us, as its been said many a time, but in my opinion never enough BLOODY FANTASTIC you are a true legend.
10 months Ive been following you and absorbing and reading all the pointers and direction you have provided for us and I wonder when will it come to an end, its like a book you cant put down and never want it to finish.
Im not one to put my 10 cents in yet due to never being fully clued on to how it all fits in but will start in 2013 with wkly accounts of live trades even if they are not to the standard this group has come to expect.
But I see this as a form of respect and acknowledgement of all that you have done for us and encourage us to participate in the group.
A new high was formed immediatley before LO (suspect not a JS) so it would be premature to Short, at least until NYO. A Long on an OTE pullback would be the most logical at present
Yes, as well as this, the old high around this level remains intact (my feed peaked at a 1.30839 22nd October 13:00 4H TF). The new high formed today was 1.30828âŚ
As PPFX said, I wouldnt like to call this! Gonna sit on my hands until we start moving one way or the other
