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Consistency

EURUSD forecast / trades takenCurrently long EU as forecasted, entry taken on the seconds chart.Just another rinse and repeat scenario. I will just hold the one position this time and see how we react to the Supply above. I will look for shorts at the above supply and failing the follow through of the shorts i will look for further continuations to the long side into the Premium of the HTF selling leg. (see forecast) I will be extra careful going long as we will be in the premium of the 4hr bearish leg. Happy trading everyone
by Bill-from-The-trading-Cartel
EURUSD forecast / trades takenHey everyone. Another successful trading day has passed. Only a couple of trades we taken as forecasted in previous posts. As you can see we have finally broke the 4hr lows which ive been calling for a while and we traded according Closing all positions a few hours before the big news came out. We cut our trades prior to news as i dont want or need random news spikes in my trading, it adds risk and exposure to your account plus its banned by the prop firm who has funded me so its a great way to lose my account all together. Right now we have a massive imbalance in the market above where price is now back into the news candle. This drop tapped into a Demand zone so im expecting a pull back up (long) and will take long trades if they present. If we start seeing bearish flow mitigating ill also take sells however im preferring longs at present
by Bill-from-The-trading-Cartel
EURUSD forecast / trades takenHey everyone. not much has changed since yesterday besides the fact we took a bunch of nice trades. See image. The forecast is still the same and trades will be taken according. Expecting price to break the 4hr swing. Due to the fact we are sitting at a HTF demand area we could spring up further before hand so like always im remaining neutral. Another thing i didnt draw in is that we can also do a liquidity sweep of the highs above the asian range and then drop and this would be a great spot to sell
by Bill-from-The-trading-Cartel
1
EURUSD forecast / trades takenHey everyone. not much has changed since yesterday besides the fact we took a bunch of nice trades. See image. The forecast is still the same and trades will be taken according. Expecting price to break the 4hr swing. Due to the fact we are sitting at a HTF demand area we could spring up further before hand so like always im remaining neutral. Another thing i didnt draw in is that we can also do a liquidity sweep of the highs above the asian range and then drop and this would be a great spot to sell
by Bill-from-The-trading-Cartel
Trading Plan that will help you become consistently profitableIn my trading career beyond having a strategy (actually multiple depending on market state and asset class) to base my trades on nothing has ever been as important as having a Trading plan. In this post I want to share with you my personal trading plan to help you create a set of rules that will help you stick to your plan and keep your emotions in check so that you can actually follow your trading strategy and become a consistently profitable trader. Something that was and still is key for me is the following realization: Never get attached to your opinion or view of why something should happen. The market is in fact always right and based on nothing but irrationality since its made by humans so the movements of the market do not have to make sense and at more times then not will not make sense. Trading is simply a mind game. Markets are a result of mass psychology which leads to exploitable edges. Mastering your own psychology is key to keep following the strategy that defines your edge. So now without further ado my trading plan template that has helped me so much over the years and I hope will help you as well: **General Rules** 1. Never enter a trade without a plan (TP,SL) 2. Once you are in a trade stick to the plan 3. Its ok to be wrong its not about being right its about making money 4. Be patient do not act on FOMO 5. Do not chase the market 6. Let your winners run and cut your losses short **The 5 fundamental truths** 1. Anything can happen. 2. You don't need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another. 5. Every moment in the market is unique. **Rules of consistency**I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I have predefined risk of every trade. 3. I completely accept risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them. **Risk and Money Management** Do not increase the standard trade size before you doubled the account. 1. The maximum amount you are allowed to lose in a day is $XXX.  2. The maximum amount you are allowed to lose on any single trade is $XXX.  3. The maximum number of losing trades in a row you are allowed to have in a day before you stop trading is three.  4. The maximum number of losing trades you are allowed to have in a day before you stop trading is five. (You may have had a win or two between losses, but there is a time to stop trading.) The maximum number of losing trades in the same direction you are allowed to take in a day before you stop trading is three.  1. If you are up $XXX on a single trade, you will put a profit floor of $XXX underneath the current price to protect a portion of those profits.  2. If you are up $XXX on a single trade, you will take the money and close out the trade.  3. If you are up $XXX for the day, you will take the rest of the day off, stay away from the trading screens, and do something you enjoy doing—other than trading !4. If you are up $XXX for the month, you will put a profit floor of $XXX underneath the month's profits to protect a portion of those profits. If you are up $XXX for the month, you will take the rest of the month off, stay away from the trading screens, and do something you enjoy doing—other than trading! Take a vacation, sleep late and read books, or do something else fun.
Education
by TradingPit
3
EURUSD Forecast and 15% trade running !Hey guys. Have a look at my forecast we are approaching a key level and should have a reaction. On my forecasted buy i took a BE. I was well aware it could drop back to mitigate a OB a bit further down and then go long which it did, also it didnt give an entry on the second long that i liked enough to take and then didnt give an entry at the top where i wanted sell. In saying this i managed to grab a nice little continuation down and then missed a scale in. Again like a keep saying master the liquidity or you will be the liquidity. Any questions fire away.
Short
by Bill-from-The-trading-Cartel
EURUSD forecast update and sell running 15%!!!Hey guys. Have a look at my forecast we are approaching a key level and should have a reaction. On my forecasted buy i took a BE. I was well aware it could drop back to mitigate a OB a bit further down and then go long which it did, also it didnt give an entry on the second long that i liked enough to take and then didnt give an entry at the top where i wanted sell. In saying this i managed to grab a nice little continuation down and then missed a scale in. Again like a keep saying master the liquidity or you will be the liquidity. Any questions fire away.
by Bill-from-The-trading-Cartel
1
EURUSD 32% forecasted trade takenHey guys. I Just closed out of EU for a whopping 32% return on investment in one trade. This is after a solid 10% trade long prior and this is all within only a matter of hours. On this forecast is where I’m looking to trade out of in future sessions. Im liking the look of what’s to come on Euro dollar. We are heading in to some really key areas where ill be looking for reversals or continuations on the lower time frames, this week could be a monster. Any questions fire away guys. Have a good day!!
Short
by Bill-from-The-trading-Cartel
2
EURUSD. MASTER LIQUIDITY SO YOU ARE NOT THE LIQUIDITYHey guys. Ive been a bit quiet on here over the past week as ive been focusing hard on EURUSD and trying to catch all the moves it has to offer. Attached shows that really you only need to trade one pair and if you do this with complete focus it is possible to do 100% a week consistently. At the moment im waiting and seeing if we get a reaction from my POI that we have just tapped into to see if we get a setup. Preferrably i want to see a continuation down to go with the momentum. I planned out the direction to trade (which was trending down) and traded according from Monday banking some huge trades One huge aspect of trading ive learnt is that liquidity operates the same all time frames/ all sessions and if you can master this you can trade whenever you want. MASTER LIQUIDITY SO YOU ARE NOT THE LIQUIDITY
by Bill-from-The-trading-Cartel