Tommy Vaga

EG swept a stacked already but news has put it way to close to this lower level. Been rallying since start of March and looking to hop on to the trend yet again.

EU, GJ & GU all delivered winning setups for the community today, only took GJ myself. Will upload a reel on this setup tomorrow.
When stacked levels get swept, it’s game over.

Outlook on GBPUSD. Cable has been climbing high this year and we can expect bullish continuation. Anticipating sweeps of this consolidations lows to catch some longs.

Bias is your perceived direction of the market.

Your bias isn’t always going to be correct. And when it isn’t correct you are less likely to succeed in a trade.

There are many ways to determine your bias but here are some of the data points I effectively combine to determine what way I believe the market to move in.

HTF imbalance.

- Traders in general focus on structure for their bias, but imbalances precede structure breaks and are what are causing those same structure breaks to occur, therefore it is my belief that imbalance is superior indicator of emerging trends.

Retail Sentiment.

- 95% of traders lose. This is a statistic every trader has heard at some point. If this statement is true, then by default trading the opposing direction will yield higher success. This may be an over-simplification but it works in practice.

COT Data.

- This is a report released weekly on the positioning of institutional traders for the previous week. Although this is lagging by a week it clearly lines up with the movements of the market and is something that should be monitored by every aspiring trader.