Whats going on risk takers. In this video I want to discuss the difference in being right vs being paid. Because you can be wrong and still get paid for your efforts... our ego just wants to be right but we don't need to feed it in order to be profitable. Cheers Dilpreet
What are your thoughts? This is purely based off of fundamentals. Santa came to town and the bulls had a lot of fun. They look extra motivated. Maybe they have a little something in their morning coffees. Whatever it is, they're ready to riot. Am I delusional? I guess there's only one way to find out.
Here come's Santa Claus He is back at it again to shake up the fundamentals for USDJPY The bears have been battered.. but they were on the nice list ... the bulls on the other hand were on santa's naughty list. Santa fundamentals in play here on USDJPY. Let's see what happens.
What are your thoughts on trading USDCHF? Some people say that it is too choppy for them but the more and more I look at it, I love it. Since I already love analyzing the DXY this can provide trades with good correlation. Also, where do you think price is going to go?? For me, it is in a good area to short. Even if price is bullish from here on, there was...
Even if price reverses from here, you could have made 50-100 pips. Using a 10-20 pip stop, that's great. PAY THE TRADER!!!!! Consistent profits add up. It's the power of compounding. Set an aim of 5% / month consistently. Take 3-5 Trades per week. Risk 0.5% per trade. If you can get 5% a month consistently, there are prop firms that will give you money to trade...
Whatsup Risk Takers. I am currently spending more time learning about Institutional Order Flow Entry Drills. This is a smart money concept type of setup that ICT teaches. I just want to put this here to see if I can validify the concept for myself that I am learning. Enjoy!
In this video I cover how you can trade using gaps on the DXY. Since you cannot trade the DXY directly, you can trade usd cross pairs. In specific, EURUSD. EURUSD and DXY have a high inverse correlation. Therefore when 1 is going up, the other is going down.. and vice versa. I hope you enjoy this video! Hit that thumbs up button!!
Whatsup my friends In this video I will be covering my risk:reward model and how I can use it to generate an edge in the market. In this specific backtesting session, I used 0.5:2 risk:reward with TP at 4RR for every trade. I got pretty good results - but remember this is simulated and it's easier to perform better. However, don't take this type of training...
Whatsup traders! In this video I'll be covering where I see the dxy heading next and how I will be looking to trade this week. My biggest concern this week is that there is a TON of high impact news - including NFP. I do not want to get caught on the wrong side of the market during NFP so I don't even trade that Friday. In weeks like this, I will look to...
Welcome to my Trading Play of The Day. My Name is Dilpreet and I will be covering a 4 step trading setup on price action from USDCHF today Nov 25 2021. The 4 step trading process is simple. 1. Range 2. Initiation 3. Mitigation 4. Continuation If you are interested in learning more from me, don't forget to drop a like and subscribe. Much Love Dilpreet
Whatsup Strangers I'll be breaking down the DXY and correlated cross pairs. I tried to keep this as brief as possible so hit me up if you're confused with anything. Also, I would appreciate any feedback. Let me know what I can do to improve my Breakdowns Cheers Dilpreet
In this video I breakdown my AUDJPY position. I also dive deeper into AUDJPY and look at how price action moves. I ultimately ended up with price stopping out with small profits on my AUDJPY position. This made me start thinking about that best pairs to use the 4 step strategy. I would say that USD pairs - specifically EURUSD and GBPUSD work the best. I also...
What's going on traders. This is a great example of my entry model playing out over and over again. the things to look for : 1. range 2. initiation 3. mitigation 4. continuation We follow the trend till it ends and squeeze the most we can out of the market. Happy Trading!
What's going on my friends. this is a Market Outlook on USD Pairs - Nov 10/21 I will be covering the move on the DXY and the correlated pairs that I trade. The other pairs I cover are EURUSD, AUDUSD, GBPUSD, NZDUSD, XAUUSD, AUDUSD, USDCAD and USDJPY Not only that, I will be going into where I see the market heading next. I do think there will be some very...
What's going on my friends. This is a quick analysis of the US Dollar and EURUSD. Because Friday was NFP, and moves were heavily manipulated, I want to take it slow on Monday and let the market show me more sentiment. On a 1H/4H structural basis on DXY, we are starting to get bearish. Demand did not hold and supply is currently in control. On a HTF basis, DXY is...
Part 2 of the previous video! I will update the caption here shortly.
This is how you cna start using a basic set of criteria to backtest your strategy. All you need to do is keep it super simple. It doesn't have to be anything fancy. For this example, My criteria was to watch for 4H areas of interest. Target 1H/4H areas of liquidity. Enter on the 15 minute trend/ Break of structure 5 minute entry point. Keep it simple...
Hello! This is a breakdown of what I see for EURUSD to start this week. I will continue to give updates throughout the week but currently, I am looking for the bearishness to continue and at least take out the lows. On the other hand, we could be reacing in this 4H order block that we are currently in and bullish pressure may be favourable. Currently, I don't...