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Trade Like A Sniper - Episode 26 - CNYUSD - (8th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing CNYUSD, starting from the 4-Month chart. If you want to learn more, check out my other videos on TradingView or on YT. If you are interested in private coaching, feel free to get in touch via one of my socials.
Education
by Road_2_Funded
A system for speculationThere are seven ways to improve the art of speculation. Latest cheatsheet: 1. 🔎 Find your price driver - build a macro argument based on probabilities How good is the quality of the price driver? If I look at the BOE and ECB, how wide is the divergence? We are looking for chalk and cheese, opposites attract. 2. 🖐 Execution is important - most get stopped out where they should enter The key to great execution is being able to assess market participation and price action. 3. 🛠 Start small and leverage winners - from one brick build a house Reverse engineer the retail blow ups! Start with a core unit, when it starts to pay, and the drivers are working, you can add some more. Treat it like a business! 4. ❓ Has anything changed - reassess trades everyday at the roll Don't think about the chart here, focus on the macro drivers. Are negative rates still in play for BOE? or have they changed their view on No-deal countermeasures? 5. ⛓ Remain nimble - do not get married to a position If we don't like what we see, if BOE turns hawkish, then we can just take the position off. Understand where is enough and admit where you are done. 6. 💫 Stay in the moment - perception matters more than reality If you can understand and outguess how perception will change, then you will be very profitable. Where's the sweet spot? How is the market positioned? 7. 😬 A life and death showdown - everyday is high noon in the markets Market participants are profoundly into the game. So much so that everything else in life seems unimportant. Threadneedle Street becomes the world as your opponent will keep trying to outmanoeuvre.
XEducation
by ridethepig
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