Outlook
My Setups for Week of 7/26DXY is still falling like it can't get back up so I am still short on USDXXX pairs and long on XXXUSD. I would like to see pull backs on the 4H but it is looking like 1H pullbacks are all we are getting this week if the DXY continues it's momentum. First week of FTMO challenge. Wish me luck!
Recognizing High Probability in SQRecognizing high probability in HQ. Until we lose this $45 level, the higher probability is still to go long. Hope this video helps show you how to zoom out. When in doubt, zoom out. There's always a trade somewhere that's against the primary trend. This does not mean you should be taking it. Know the difference between patience and aggressiveness. Waiting for a high probability pullback at the right long term areas is patience, shorting the 60 minute because buyers are selling at profit levels is aggressive.
Both can work, both can fail. Hopefully, now you can see a little clearer reason why one can work better than the other over a 3 month period.
Learn more by joining the CTP Group here.
mailchi.mp
Remember. It's your money, it needs to be your plan. Only trade what you've tested and proven out, your account will thank you.