TPOT 08-25-23

We finally got the payout guys! Worth the wait!

At least 2% Monthly from our 50K funded account is a good low risk way to manage this and extend the longevity.

ICT also mentioned this in his tweets as his advice to Cameron who is new with a number of funded accounts also. To trade them via cycling and secure the payouts then move to the next account.

Read More......

TPOT 082423

So today we have Lesser News after yesterday being peaceful without trades.

DXY is NFT but price is already at discount and momentum is still upwards. Most likely ++ trades would be LONG EU and GU and SHORT Swissy

EURUSD

4H has been breached right away but still NFT.

I will not take trades on EU until next BIAS is clear.

GBPUSD

Still SFT as yesterday but we are in premium we can look for shorts. I do not like how it pushed down yesterday with the SFT but seemed to have reversed.

Swissy

4H Breach also

Given these I do not see any trades during London. We have to see what happens later after the 830AM News and look for trades there.

We gain profit as free time right now to do other things! Priceless!

PS:

I tried to take a GU trade during Asia. Here it is right now before start of LONDON KZ.

Will it TP? Let's see!

Update: TP HIT for the Asia short. So it does work in Asia provided a large move happened the day before and Asia can become the continuation

Read More......

TPOT 082323

Requested Payout from TFT Royal 50K Funded! Oh Yeah! The time has finally arrived 30 days of waiting payout.

We will use the refund of the challenge for purchasing 100k challenge. 

DXY is FT at the moment. Bullish Momentum but FT waiting for discount price. So we expect EU and GU temporary upward and Swissy Shorts

Lots of news today also

EURUSD

Inline with DXY EU is NFT.

So we see if we can look for Longs this London KZ

GBPUSD is still FT

We still have our trade from yesterday open.

We do not want to double our exposure here if a trade presents itself

Swissy still NFT and we are in a tighter range because of the new 4H fractals.

Given the above, I will give my focus to just our open GU trade and any possibilities for EU Longs

Update:

NO Trades due to the breach of the 4H highs during news on all the pairs.

Our GU Trade from previous day has been stopped at BE.

Read More......

Pre London TPOT Aug 22

Today is no News day so we may expect early movements for FX.

DXY BIAS is Downward as there is no follow through NFT upside. We will favor more for trades inline - Long GBP, EUR, Short CHF.

Note though that price is already near the bottom of the range

EURUSD is NFT Upside thus we look for sells 

Swissy is still NFT and Bias is still short but we are in discount.

Possible to look for buys counter trend since we are in a bullish momentum.

Depending on where price is later, we will trade accordingly.

GU is Unconfirmed but still has that bearish momentum given higher highs have not been broken

For this session given the above, we focus first on NFT EUR shorts as they are the cleanest setup with momentum also to shorts.

UPDATE: EU breached 4H high so no trades.

we will only have Swissy to monitor and trade

UPDATE 2:

Swissy Long Trade Taken Counter NFT pro Momentum Upside.

TP Hit +3

GU Long Trade FT

SL Hit - 1

GU Long Trade FT taken near close of NY KZ - it took the full range to reach the 1:3 but let's see what will happen

Still Open

Net Weekly BE 0%

Read More......

July 25 Trades Review TPOT

This post is 1 day late as I was a little occupied to create my blog entry. 

Trying out the additional filter I personaly put into practice to put us out of trades against main flow of USD pricing.

This is DXY direction using 4H Bias also.

Yesterday it was NFT - meaning we should look for EU and GU longs, Swissy Shorts.

Our 2 trades yesterday that hit TP were Swissy Counter FT short and GU NFT Longs which are both inline with our DXY 4H bias.

GU Long - This was NFT in 4H and NY presented a nice sweep of the low fractal before the KZ but swept during KZ. 1:3 a little bit over the 4H high, but since we are in line with DXY, the confluence is better for our trade

Swissy Short - 4H has a FT bias and I do not usually do a CT countertrend from premium to discount but this one I was more confident to take because as mentioned earlier DXY is NFT. Here we should now the proper placement of SL which is on top of a nearby fractal high above the 4H high. This saved us from an SL and eventually a TP.

Read More......

July 21 Pre London KZ TPOT Analysis

Overnight we took a GU trade during NY session and hit TP before London KZ today. This is NFT

We also took a trady on GU during LDN session yesterday and hit TP before NY yesterday. This is SFT

6R in 24 hours? Not bad yeah? Hello haters of TPOT.

So far our lesson learned of not doing and CT trades is paying off. Patience is key to always trade with the trend, SFT, FT, NFT.

For today July 21 we DO NOT have news

4H DXY -  

Why are we setting this up? I think it is a good filter based on history to follow the bias of DXY when trading EUR and GU and Swissy. Better be in line with the fundamental move right?

Dollar is gaining and SFT - meaning we as much as possible should stick with short EU, short GU, long Swissy for the moment to have higher probability.

4H EU - 

Currently it is NFT Longs are in order but not aligned with our DXY

4H GU - 

Currently also NFT where we took our long trade overnight. But as of the moment it is against DXY.

4H Swissy - 

This one I like for London session today. SFT similar with our DXY.

It's Friday! Good luck and finish this week strong!

Read More......

July 19, 2023 NY session EU Long Trade TPOT and Asia session Next Day Model trade

I took a long trade last NY session morning with EU as it was an NFT and a valid sweep on the 15min.

unfortunately it was a loss still but that's fine. -1R for the day and that is part of trading. We should know how to risk manage our losses both psychologically and financially.

A lot of people losing faith trading using TPOT but I wonder how they are getting the losses.

For me I will still continue making it as simple as possible sticking to max 2 trades per day total 1R 1% risk per day. Only GU, EU, Swissy.

On the side I am also learning the Next Day Model of the MMXM Trader and this is an even more less time consuming strategy but the fundamentals are more sound that TPOT I think since you really take the HTF Daily and Monthly and Weekly into consideration. See sample trade here for Asia.

Read More......