2018SGT 04122023

Deposited the 800$ from GST cash voucher into my Oanda account.

I'm thankful I always have a way out.

Thank you money.

2019

And that is because the 4H TF is still sitting on the sidelines, waiting for price to ("show its hand" - Rayner Teo).

It's true. More traders in your camp doesn't always translate into more volume. But logically thinking, it would definitely aid in our selling or buying endeavors, more often than not.

9/end 2222SGT

So, I found my leak and I am going to plug it. Not sure if it would work, but by the logic I mentioned below, it should work in my favor.

My recent profits has evaporated in just a few trades of which, the risk I risk is consistent. 1R every trade. +- alittle between 0.01 or so.

8/

Strength = Volume.

More buyers or sellers doesn't always translate into the success we want to see. It is also depending on the Volume that the over camps am able to provide in the power struggle.

7/

Whichever camp manages to gather more volume wins the power struggle.

We would not be able to tell exactly how much volume each camp could provide.

But by applying logic and testing(when possible, backwards, if not, forward) we could make educated guesses as to which side would provide more volume.

6=

Camp A
Resistance trendline - 30 sellers
Hor. Res. - 50 sellers
10EMA rejection - 100 sellers
Completed harmonics pattern - 5 sellers
Fair value gap limit orders - 80 sellers
Whale dumping - 1 seller

VS

Camp B
Contrarian reversal @ stoch OS - 25 buyers
Retracement wave riders - 15 buyers
Minor Supp Engulfing - 45 buyers 5/

Confluence is like taking a commercial plane. Stewardesses, pilots, customs officers, fellow passengers, etc who have different goals, but shares a common direction comes together to make something happen at the same time.

Eg. If people chooses to land at airport X may a times, instead of airport Y, then airport Y might get shut down. While airport X's business flourishes.

4/

Another thing I realized is that the amount confluence factors i include in my twitter journal has decreased for more recent trades as compared to my earlier trades.

The reason is because I skipped the 4 Hour Tome Frame.

3/

This time round, I realized my folly. I skipped the 4 Hour Time Frame, when it the 1020EMA isn't fully developed yet. I head to the Hourly or 15m TF. Where price has already respected the 1020EMA for 2 days or more, and begin trading from there.

The strength I require is not found on the 4 Hour TF. So, how could I go looking for setups on even lower time frames?

2/

2155SGT 16102023

It's here. Personal economic downturn.

After trading my unwritten strategy for over 10 trades(currently sitting on the 15th trade GBPUSD short), I am feeling it again. The inconsistency is here. It occurred to every strategy I traded. Somewhere down the road after I got to double digit trades, losses piles up and eats into my previous profits. 1/