A thread 🇪🇺/🇺🇸
If you suffered losses on EURUSD today and yesterday
You should take a look at this, take a minute of your time, I promise you won't feel wasted!

First of all, let me say that I don't have the hindsight to share all my logic here at TDL.
I am fully aware of all the reasons why you entered but you flubbed some of the details that I was aware of, now let me tell you
This was my logic yesterday

1 - When you sold EU yesterday, your DOL was SSL, you know what SMT is, right?
You can use the SMT to verify that the price is manipulative before you enter a trade, and likewise, before you trade, you can use the SMT to determine if this DOL you chose is complete, and if an SMT is formed, that will greatly reduce the probability that the price will move on.
(EU SSL---DXY BSL----SMT)

2 - I think you know what the trading range is, we want to trade shorts at premium and we were at a deep discount yesterday where trading shorts and totally chasing price is low probability .
But at least you need to know that you are trading low probability and you can hedge against such low probability scenarios by lowering the individual risk or strict position rules selecting BE early etc

3 - Don't trade in a PDA that you are trading in the opposite direction to you!!!! You don't know if this PDA will be honored or rejected in the end, but you do know that this is bullish BISI, and it's low probability to trade short in this BISI!
You're gambling, you're betting that the BISI will fail,don't gamble, be patient and wait for the price to tell you the real answer

4 - Pattern Trader's Trap, Price gave a sweep of ASIA-H, which is a pattern trader's favorite :ASIAH-ASIAL
In an environment like this, even if you are a pattern trader you should give up, you don't have any HTF PDA to support your short, and you are in a bullish BISI, with a setup like this, odds are, it's a trap, and price is going to use that unicorn and breakout trader's orders to build up
My Tyrannosaurus Rex model came up,this is the principle behind my model and not a simple IBRKR

I've also shared the logic for today ahead of time, the reason I'm not shorting DXY is that there is a significant VIB around the IRL of DXY as well as the fact that we are at premium
You can backtest that DXY's daily gaps are always filled

BTW, you shorted the bullish BISI again today.
Do yourself a favor and don't gamble that the bullish PDA will fail, wait until you see a clear rejection of the price before trading!

I hope this helps if you helped!
Please like and share Thank you!❤️❤️❤️