Keep learning, Stay humble! Never giveup or lose hope!
This is why making entries on anything but the 1min is going to give you drawdown. FOMO followed by Anxiety of possibly losing a trade even though it was only 5pips that’s half my quota for the day 
Had I dropped down to the 1min timeframe instead of using the 5min I would of had more pips based on my parameters. Based on Bilal’s Parameters I was supposed to keep 5% of the trade running so that would of added another possible 50 pips 1min entries is all im taking for now on because I thought I was safe on the 5min and was dead wrong. I’ve also notice that when using 5min fractals besides them being used as an turning points you can also see where the banks are targeting Stops
Had I dropped down to the 1min timeframe instead of using the 5min I would of had more pips based on my parameters. Based on Bilal’s Parameters I was supposed to keep 5% of the trade running so that would of added another possible 50 pips 1min entries is all im taking for now on because I thought I was safe on the 5min and was dead wrong. I’ve also notice that when using 5min fractals besides them being used as an turning points you can also see where the banks are targeting Stops
- | Joined Jul 2020 | Status: Member | 31 Posts
This is why making entries on anything but the 1min is going to give you drawdown. FOMO followed by Anxiety of possibly losing a trade even though it was only 5pips that’s half my quota for the day
- | Joined Jul 2020 | Status: Member | 31 Posts
No comment needed. Ok I couldn’t resist, notice how we don’t need indicators to see price movement. Look behind the 5min candles. Those are 1hr bars. You can see where the majority of the orders are being placed especially on the 1hr candle that broke back above open and went long. {image}
I’ve figured out how to spot Imbalance on the higher time frames. So if I’m watching the 5min and using the 1min for entries. The candles in my background are 1hr bars so wait for all the rules and confirmations such as BOS and the retest of the OB and I've already highlighted an Imbalance on the 1hr timeframe. So not only are we trading against Banks, we are trading with Banks that have these BOTS that are following an algorithm and the algorithm doesn’t like Imbalances in the market so it looks to fill them. I kinda like the idea that there is no human emotion on the side of the dealer. It’s all computer ran hence why we keep seeing the same stuff OVER AND OVER AND OVER 
Took me 10 years to figure this out and I didn’t even figure it out the info was handed to me. The institutional traders work at banks to manage BOTS 2021
Took me 10 years to figure this out and I didn’t even figure it out the info was handed to me. The institutional traders work at banks to manage BOTS 2021
{quote} If it's not difficult for you, can you share your template with indicators?
Thats awful. I’ll supply it though
Keep learning, Stay humble! Never giveup or lose hope!
- | Joined Mar 2016 | Status: Member | 23 Posts
This is why making entries on anything but the 1min is going to give you drawdown. FOMO followed by Anxiety of possibly losing a trade even though it was only 5pips that’s half my quota for the day
