Chizzy 🀄

FOMC is at 7pm tonight News doesn't choose the level It chooses the moment Price Action in 60 Seconds | FOMC Special ⤵️ Are you trading the release or sitting it out ?

Entries get all the attention Management decides what you actually keep Save this, it's how I manage every trade ⤵️ 1. Stop to breakeven at 2R Not before Moving it early is how good trades get stopped out for nothing 2. 80% off at 5R or the nearest liquidity Whichever comes first Liquidity doesn't care about my target 3. The runner goes to the major target The stop is already at breakeven So I let it breathe 4. Nothing in between No closing early because I'm nervous No moving the stop because I'm hopeful With a win rate around 40%, management is most of the edge Cut your winners short and a 1:4 model quietly becomes a 1:1 model You don't need a better entry You need to stop interfering with the good ones !!

Every trading week tends to take one of a few shapes I look out for 3 of them And once you can tell which one is playing out, the week gets a lot easier to trade 1. Classic Expansion The low (or high) of the week forms late Monday or Tuesday Then price expands in one direction into Thursday and Friday Once that early low or high holds and price moves away from it The direction for the week is set Simply trade the pullbacks, don't fight it 2. Midweek Reversal Monday and Tuesday move one way and pull everyone in Wednesday sweeps liquidity and turns Thursday and Friday expand the other way This is the one that punishes traders who marry Monday's direction If Wednesday takes a key high or low and shifts, the week has flipped 3. Consolidation Reversal Monday to Wednesday goes nowhere Thursday breaks out, usually fakes one side first Then reverses and runs into Friday No forcing trades inside the range Mark the high and low, let Thursday take one side, then trade the move back through Now look at the weekly candle on the right The wick is where the week trapped people The early low, the Wednesday sweep, the Thursday fake-out Notice something else In all 3, Monday never gives you the real move Monday builds the range !! It sets the liquidity the rest of the week comes back for That's why a lot of experienced traders are never in a hurry on Monday They let it build, then wait for the week to show its hand You don't need to predict the profile on Sunday You need to recognise it by Tuesday or Wednesday And stop fighting it This weekend, pull up the last 4 weeks on the pairs you trade Label each one You'll start seeing them everywhere Study 📚