This is relevant to most traders. Decide on your special move, just like sports people, know when to execute that one thing you're good at. Don't exhaust yourself chasing every single candle, if you miss the move, wait, another opportunity will come. It doesn't matter if it's long or short, both are available on most days.

There is one thing I need you guys to home in on though. A majority of us are intra-day traders so although we have a bias, it's a bias of the day. Yes, the market is bullish, but we have to look at it on the day and decide, "am I long today or am I short"? This one thing will change your trading game!

Personally, I don't really hold trades and like to start fresh every morning with a clear view of the market and what it's going to do on that day. Maybe it stretched, I don't want to long, I'm looking for a retracement, not to long, why, if it's going down why shouldn't I trade it down. So I look at the retracement levels, look at the indicators, the bias levels and the hot spots, wait for confirmation and take the trade. This way it doesn't matter if its bullish or bearish, goes to the moon or goes to the ground, we take what we can on the day and come back tomorrow

It's no secret 90-95% of traders are usually in the wrong way of the market, when it's going up they want to short, when it's going down they want to long. Try and adjust that little part of your trading to understand the flow and structure, and go with the price rather than waiting to go against it

Hope that helps some of you. KOG

Hottie Spotty - Thank you very much

Been quiet on the free groups today for us. Sometimes we need a quiet ranging day to just sit back and look at the overall picture. Today was one of those days, we didn't do much on Gold due to the choppy PA but that waiting is the key to trading. We managed to hit both hot spots over the Asia session and broke below the range, however, if you look at the smaller structure you'll find it was showing potential for a FBO

The indicators confirmed the move

The EA activated

BOOM!

Resistance now stands at the 4460 level with support still active at 4420 which I would anticipate the potential range to be. Please remember, this is pre-event price action, your levels have to be on point if you're going to trade

Pre-event price action:

Trend within trends on the smaller timeframes

Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction

Ranging price staying close to short term MA's

Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range

Ask yourself these questions:

Do I understand intra-day levels?
Do I understand pre-event price action?
Do I understand trading with ranges and price accumulation?
Do I have a risk model that protects me and my account no matter where the price goes?