Shorting the GBP/USD Entry time frame: 1hr Movement timeframe: Daily Trend TF: Weekly Key Levels TF: Monthly Expected trade hold duration for each trade: 1 week Sizing is 1/8 of my intraday sizing. Only trading shorts as long as weekly stays bearish.

Zhu's Forex Thoughts

UK I am looking at GBP/USD and the UK stock market. Thinking how I can trade the downtrend that I think may travel to 0.80. People are all looking at EUR/USD but I think shorting the pound offers far greater potential. image image image image

Zhu's Forex Thoughts

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The Trader's Academy - by Traders for Traders

The candle that allows you to add size with minimal risk. It appears on almost all timeframes before large moves. and your theory about why traders lose money and how this game is 100% skill and 100% psychology rather than 10/90 are absolutely ...

The Trader's Academy - by Traders for Traders

A different way of thinking about risk management Going back to this, you should set an amount you are willing to risk for the total investment capital you have. Let's say I dedicate 100k to investment/capital gains. I will decide that for Tier 5 ...

Zhu's Forex Thoughts

Urns & Bayes' Theorem Imagine the states of the market. Uptrend, downtrend. Take any time frame. How do we know that the probabilities are favouring a trend change? Think about the higher time frame above that. How do we know that the probabilities ...

Zhu's Forex Thoughts

Think about what this means for trading Imagine two urns filled with millions of poker chips. In one of the urns, 70 percent of the chips are red and 30 percent are blue. In the other, the ratio is reversed, so we have 70 percent blue and 30 percent ...

Zhu's Forex Thoughts

The most important thing in staying alive in this business Is to prevent outsized losses.

Zhu's Forex Thoughts

The best advice for entering positions is from Jesse Livermore. Determine how much you want to risk on the trade. Enter 1/5 on first sign/clue of idea. (spike/puke; volume signals; hunches. Exit on predefined SL.) Add 1/5 when it starts working. ...

Zhu's Forex Thoughts

My take on investing I am trading/investing in bitcoin with no leverage. image I think anything on a daily time frame and above should be done with zero or minimal leverage. Maybe 1:2 at the most for a volatile instrument like bitcoin. Investing ...

Zhu's Forex Thoughts

Thanks Old_Dog, would be interested to hear what you have to share about your trading experiences too! I am sure you have tons of them

Zhu's Forex Thoughts

(1) I have a full time job. I trade 3 times a week in the evenings, 5.5 hours each time, inclusive of 45 mins of prep and about 45 mins of review. I might or might not change my career depending on how things turn out. But if I do I am considering ...

Zhu's Forex Thoughts

The big money is to be made in capturing the middle 60% of the move Really think about how to do this. Too many traders put on too much size and way too much risk trying to capture the first 20% of the move. This is a huge cause for failure. On an ...

Zhu's Forex Thoughts

For example, when I see a royal flush set-up, I might want to risk 5 times of my smallest tier size. Let's say I trade with a 30,000 sgd account (reset at the end of each trading session), Tier 1: when conditions are mixed, when I am scalping: 6 ...

Zhu's Forex Thoughts

When all variables align and point towards a single direction, traders are merely waiting for chart patterns to appear to give them a reason to act in that direction. This makes all trading set-ups work, as long as you are trading them in the ...

Zhu's Forex Thoughts

Demand > Supply so price started moving up. Emotional traders were shorting but bids probably from institutions and algos kept coming in. Shorts eventually covered at higher prices leading to even more buying. Pretty much the standard explanation ...

I'm quiting trading but can someone elighten me on this?

image higher and holding gains.

Position Trading - F it, lets start a thread

Royal flush trade back in spotlight. If China tanks tomorrow it'll be added catalyst. May see 400 pip day on eur/usd again soon.

Zhu's Forex Thoughts