I am a 3-years part-time trader.
Fundamentally, I apply Wyckoff trading methodology with modern tools.
Volume spread analysis for Tom Williams, price action, and Renko charts are my ground base of approaching the markets.
I am still in paper trading, however I expect to publish my profitable-educational-free signal by the end of 2017 after completing at least more than 500 trades.
Trading is not easy, but it's not complex.
Practice will polish your skills.
Slight Edge (Turning Simple Disciplines Into Massive Success) is the way to flourish.
Big week for GBP and still more to come!
It's the announced expected rise in the interest rate by the bank of England.
Crash for FTSE100 against the strong GBP!
If the one does not buy the GBP, he should not short it by all means except for scalping!
To prove this manipulation, there are instruments spending more than 24 hours in 10 points!
Distribution at the highest price level!
Countless examples for all markets!!
Heavily manipulated!
The more you stay in the market, the more probable you get eaten!
This is my personal experience!
Would not you do the same if you're in their position (the sharks)?
Trading is simply like swimming a clown fish (retail trader) beside the sharks (the banks and market makers)!
No wonder 3% only just break even and 1% make consistent profits!
Retail trader transactions are considered noise level to the whole flow!
The cycle is simply:
Apply => Feedback => Learn
If the last two steps are missing or not practiced enough or properly, results will not change or improve!
Keep Learning!
Use the H4 and D1 time frames to figure out the major trend.
Then, toggle to your favorite 15m or 1H for opportunities in harmony with the major trend from the first step!
Keep watching the major trend changes and classify as either temporarily (pull back) or an end of major trend.
A text book volume, and price action signal in Gold.
1- UpThrust with Ultra high Volume (supply coming in & weakness in background)
2- Trend Line (Resistance Line/Supply Line)
3- Bearish Pin Bar in Daily Chart