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.

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July 19 Pre London Status TPOT Analysis

Today's News - No News USD!

After our nice winning trade yesterday for GU NY session, we will see if we can still look to trade with winners today. So far I can only see Swissy with a valid NFT setup for the latest close of the 4H candle.

4H Swissy

We will look for longs if 15min setup shows itself

4H EU

NFT to the downside but we are already in discount. Worth to wait till 5AM 4H candle close to see the clear BIAS

4H GU

Unconfirmed to the downside but same as EU, we are already in discount and breached 4H low. We need to wait for 5AM candle also to see if SFT or NFT.

In summary, we can look for longs on Swissy later this London KZ.

Good luck everyone!

Please check my previous post about our winning GU trade last night. Cool stuff!

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Took the GBPUSD short and guess what?

This was the only setup that was present during NY session and it doesn't really fit 1:3 though SL is only 15.

There were a lot of 4H imbalance waiting to be repriced to that can support the short trade TP 1:3

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