DislikedGBP/USD M15 M1 Observations I'm looking for signs of Bullish Action... {image}Ignored
GBP/USD M15 M1 Observations
Everything I am doing in my Trading, at this time, has come from watching Chris Lori and ICT
I was introduced to them both by the "Realdeal" who isn't very active on FF any more
What Chris Lori advocates is becoming an "Independent Thinker"
I have taken all the experiences I have had over 10+ years of Trading and I have been able to disregard what isn't relevant to me and use what works well
There have been two times, at least, that my Trading has taken significant leaps
The first was when I stopped looking for someone else's "System" to Copy
I found, however hard I tried I couldn't get inside the head of the person who developed the "system"
I was missing a huge chunk of information needed to Trade
The first time I watched one of Chris's videos and he was talking about Price making New Highs/Lows and then "Bleeding Back" to Fill the "Liquidity Gap" was a real moment of inspiration for me
Efficient and Inefficient Price moves into Higher Time Frame Levels of Interest was another
This is what everyone has to do "become an Independent Trader"
You have to "want to become a Trader" and not someone who just wants to "Enter Winning Trades" without a deep understanding of what they are doing
The second was when I stopped worry about Risk to Reward
I Trade Low Time Frames (M15 M1) I look for +10 Pips
I would need a +10 Pip Stop for a +1R Trade
This is next to impossible on GBP/USD my timing would have to be perfect, and it isn't
Why do I go for +10 Pips?
Because Price will usually move in +15 to +30 Pip Swings (GBP/USD M15) before a PullBack I want to reach my Target, ideally, without any PullBack
Also, because +10 Pips is all I need in a day to Grow my Account
If you have not done so already I highly recommend you go and watch the Chris Lori videos there is a "free" resource on his website
I have only accessed the "free content" for both Chris and Michael
I strongly recommend never paying for any resources until you have exhausted the ton of free content out there
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