Profitability C
Profitability C
* Welcome to the new and improved Profitability Cheat Sheet. This cheat sheet is designed
to give you the knowledge you need, all written down, for free.
* Picture this: tapping into the market to not just trade, but to genuinely thrive.
* Whether you've been trading for a while or just starting, this guide is here to help you
navigate the markets with confidence and, most importantly, profit. It's time to shake up your
approach, fine-tune your strategies, and embark on an exhilarating journey towards financial
success.
Daily Bias:
* Daily Bias allows us to trade with the short-term trend, maximising our efficiency. Most
of the time, trading with the overall trend comes with lag and delays, using Daily Bias removes this
issue.
* For session bias, the first candle you need to look at is the daily candle.
The next candle is the 4-hour.
You look at the previous daily and previous 4-hour candle. Simple as that.
If both are bearish, then the session bias is bearish. So look for sells.
If both are bullish, then the session bias is bullish too. So look for buys.
* it is when there is basically an imbalance in the markets because price went in one
direction too quickly.
* FVGs are a specific break of a S&R level, the fact we moved up so quickly provides
confluence for a continuation after a retracement.
* So using FVGs allows us to trade a more specific move in the markets than just trading
S&R.
* How do you identify a FVG?
* The direction of the FVG all depends on what direction the 2nd candle goes in. For
example, we can have a bullish candle inside 2 bearish candles and it can still be considered a
bullish FVG.
* For a bullish FVG, the first candle’s top wick must not overlap the last candle’s bottom
wick.
* For a bearish FVG, the first candle’s bottom wick must not overlap the last candle’s top
wick.
* Go and find a FVG, using the method I've just shown you, on the 1 hour chart. Now go
the 15 minute chart, as you can see it is just a support and resistance that price broke through.
AMD
Distribution - or ‘reversal’ is when the price creates significant lows and highs. (eg. higher highs,
higher lows in an uptrend). This typically occurs during the New York session.
* It is important to note that these 3 phases are always in cycle, meaning there is
always one of these occurring at any given time.
* It is easiest to spot an accumulation first, then follow the market to the present time to
identify its current phase.
My Entry Criteria:
* Once price manipulates, you will then need to look for a sign of what direction
distribution will go in.
* Price can do 2 things; retrace back to Accumulation after Manipulating and reject
off it. OR it will melt through Accumulation after Manipulation.
* For either scenario, you want to look for signs of a reversal from manipulation, get in and
target the swing highs/lows. The best sign of reversal I’ve found is when price creates a FVG in
manipulation.
* If you want to actually get the best results, you need to join my FREE discord server.
Send your analysis to the group so you can learn from the community who will help you identify
your mistakes.
Trade Management:
* Now trading the distribution move involves high RR and big targets overall, so there will
be a few ‘bumps’ in your journey towards the original Take Profit.
* When you identify your take profit, you want to look for areas where the price may be
rejected on its way there.
* when it reaches these levels you then want to adjust your stop loss keeping it around 2
levels behind. (2 lows behind if you’re buying and 2 highs behind if you’re selling)
* Using this simple method will allow you to avoid taking unnecessary losses
* Then identify what phase of AMD we’re in. (you only want to trade
manipulation/distribution)
* Once the price is entering Manipulation or Distribution, you then want to look for my
entry criteria.
* To continue improving, click this link to get even more FREE VALUE.
* When you lose a trade with real money, you will have a higher visceral state than before
you lost the trade.
* The higher your visceral state, the more impulsive your decisions are.
* Think of it like a fight or flight reaction. When you get punched in the face, your visceral
state is heightened so quickly that you react without even thinking about it.
* So when you lose a lot of money, and your visceral state is heightened. You ’ ll get an
adrenaline rush and usually act without thinking about it.
* This is how people lose money when trading big news events like CPI or PPI.
* To overcome this, you need to ‘ set and forget ’ and step away from the charts when
thinking emotionally.
* You also need to build a trading strategy, which should be a list of no more than 10 steps
which easily sums up what you look for in the markets.
Improving:
* Now to actually improve, and to fully understand things, you need practise.
* You also need to share your analysis with people who will tell you your mistakes.
* Join my free discord server, it will allow you to improve your execution of this strategy.