GBPUSD Daily CLS Range, Key Level OB, Distribution Phase

Hi friends, new range created. As always we are looking for the manipulation in to the key level around the range. Don't forget confirmation switch from manipulation phase to the distribution phase to make the setup valid. Stay patient and enter only after change in order flow. If price reaches 50% of the range take partial or full close.

📌HTF - Higher Timeframe view 🧩 Complete proces and Strategy explained 👇 Click Picture Below to read

🎯Why your market approach also should be mechanical ?
NO Fixed Mechanical Trading Logic - You are guessing random patterns
NO Defined trading plan - Every trade different logic
NO Same logic in each trade - Not possible to backtest
NO Backtests on at least 300 trades - Not knowing Statistics
➡️ No Statistics ➡️ No Edge ➡️ Mindset ProblemS

🧠 Core of mindset problems
If you don't know your statistics on large enough data sample. You don't know your probabilities of win rate once the losing streak happen and it happens to every strategy. You will start doubting, hesitating to take next trade because you don't know statistics of your losses. In the end you will be doubting strategy and then jump to different one. You will be in the endless loop for years, looking for new better strategy. 👊 Your ultimate goal as a trader is not to be a generalist who knows 10 000 patterns. But rather create one system with narrowed criteria of each element of the trade to remove subjective and emotional decisions as much as possible and stick to this system no matter what. Practice it 10 000 times become a MASTER.

✨Trading Mastery is reflection of your life
Have a longterm plan, No Alcohol & Drugs, Ignore others, Focus on your journey , Backtest regularly, Review your weeks, Journal mistakes, Exercise, Sleep well, Read books, Walks in nature (no phone) , Meditate, Reduce social media time, Spend time with family, Live Life.

Trading is hard, but not impossible. I believe in you 💪

David Perk aka Dave Fx Hunter