Avoid these 3 COMMON trading pitfalls⚠️
After reading this thread, you’ll know why your trades keep failing.
A Thread🧵
After reading this thread, you’ll know why your trades keep failing.
A Thread🧵
Mistake #1: NOT understanding market context. 🙅♂️
This often happens to traders who forget to zoom out, trading against the higher timeframe trend without realizing it.
The HTF always rules. It is the stronger magnet for price.
Ex: If there is a HTF FVG below price, all LTF discount arrays above it are lower probability and expected to fail as price will seek the HTF imbalance.
This often happens to traders who forget to zoom out, trading against the higher timeframe trend without realizing it.
The HTF always rules. It is the stronger magnet for price.
Ex: If there is a HTF FVG below price, all LTF discount arrays above it are lower probability and expected to fail as price will seek the HTF imbalance.
Remember that the higher the timeframe, the stronger the PD array. 🧠
So before entering a trade just because you see a fair value gap in your entry timeframe, look at the timeframes above first.
Here’s an example of failed trade due to a HTF PD array: x.com
So before entering a trade just because you see a fair value gap in your entry timeframe, look at the timeframes above first.
Here’s an example of failed trade due to a HTF PD array: x.com
Mistake #2: Failing to wait for proper confirmation. ✅
Entering trades too early made me lose a lot of money in the past.
You need to wait for the proper signals. I use FVGs as my signal.
Entering trades too early made me lose a lot of money in the past.
You need to wait for the proper signals. I use FVGs as my signal.
Building on the previous mistake, you should also remember what the proper timeframe alignments are👷♂️
Here is the list of the timeframe alignments that you need to start implementing NOW. x.com
Here is the list of the timeframe alignments that you need to start implementing NOW. x.com
I made a FULL video on this exact topic, check it out here👇
youtu.be
youtu.be
Mistake #3: Trading the weaker asset. 📉
When it comes to trading high-probability trades, you must understand that when you want to look for longs it should be on a strong asset and vice versa.
If the asset is strong, and you’re looking for longs, then the probability of it going to the direction you’re anticipating will be much higher.
STOP trading the “weaker” asset!
When it comes to trading high-probability trades, you must understand that when you want to look for longs it should be on a strong asset and vice versa.
If the asset is strong, and you’re looking for longs, then the probability of it going to the direction you’re anticipating will be much higher.
STOP trading the “weaker” asset!
Stop trading the weaker asset is kind of vague, so let’s go in-depth🔬
Almost every asset moves in tandem with other pairs.
For ES, we have NQ.
For Gold, we have Silver.
For Euro, we have the Pound.
Here’s a list of more assets correlated with each other: x.com
Almost every asset moves in tandem with other pairs.
For ES, we have NQ.
For Gold, we have Silver.
For Euro, we have the Pound.
Here’s a list of more assets correlated with each other: x.com
Great, but that’s not enough. 🚫
You also need a concept to measure the relative strength between two assets.
And this is where SMT comes in.
I’ve made a full thread going over this topic, check it out: x.com
You also need a concept to measure the relative strength between two assets.
And this is where SMT comes in.
I’ve made a full thread going over this topic, check it out: x.com
I hope you’ve found this insightful!
Thanks for reading until the end!
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Thanks for reading until the end!
Bookmark, Retweet, Like and Comment under this thread! Would greatly appreciate that💚 x.com
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