Finally I might have cracked it! and if I haven’t the
fault still lies with me and not the system.
I think this morning’s trade might just be a perfect
model for me to stick to
Trade ONLY London and NY session! Today
was London session that Big E recommends.
- The market needs to be moving
and once again there was GBP News -
invariably News causes some movement
and we see a perfect example of green going
right outside of everything, below 32, below
lower blue channel, then crossing up through
32, lower blue and finally crossing red -
Nothing much to say about the HA candles except
that I waited to enter until there was SUBSTANCE
to the actual body.
I only looked for about 15 pips, I didn’t measure
exactly as I saw the tight consolidation around
that area - it was actually 18 pips which was
more than I expected - Its been an hour since
the TP was hit and it only ever went 10 pips
above TP and has now returned to around
the TP mark - obviously I don’t know where it
will go later, but again, looking for small gains
might be the right approach, or at least taking
most off the table when you reach around the
15 pip region and leaving a very small position
to carry on if it wishes.
at the moment I am happy if I can just get the
15 pips consistently.
Today’s trade was just like the two circled examples
in the post above although I notice immediately after
the second circle green went just out of blue and crossed
red and price reversed for a loss!
REASON: Green never went below 32 or even anywhere
Its the old ‘rubber band’ analogy, unless the ‘elastic’ is
really stretched it won’t catapult price in the opposite
so whatever happens anywhere central in the
window will be, and has been far less reliable.
I also note that Big E might only cherry pick
two trades a week.
That means passing over literally dozens of
trades that must surely qualify, or come near
This system works - unquestionably!
Knowing exactly what set ups to cherry pick,
and having the discipline to walk away from
everything else is the difference between
winning and losing.