If you have a “fun” car or fancy watch before you have $100,000 portfolio, you’re a brokie who fell for the materialism trap.
Your goal should be to BE rich, not LOOK rich.
The portfolio gives you freedom. All the other stuff keeps you a slave.
Fuck @Topstep, fuck @MichaelPatak for restricting gold. I hate NQ. I almost died today all because of NQs’ bullshit, so my Tp didn’t get filled, and I decided to take a drive, and this old MF almost killed me.
Nq Traders Stop Ignoring the opening Gaps
I pulled a full year of Nq data using edgeful Here's what I found:
This reports tell us how often price returns to the 50% of the gap after 9:30 am Open in the Last 1 Year
Gap Up open:→ 77% of the times it fills 50% of the Gaps
Gap Down Open:→ 74% of the times it fills 50% of the Gaps
the 6am candle is the most ignored edge in futures trading
London open
the session that sets the trap
here's what happens at 6am EST:
institutions come online
they see where Asia left price
they decide: "are we continuing or reversing?"
that decision prints on the 6am H4 candle
if 6am sweeps the Asia high then starts going bearish → they're going down
if 6am sweeps the Asia low then start going bullish → they're going up
if 6am does nothing → wait for more information
I used to trade blind like everyone else
got chopped up constantly
then I started watching what happened at 6am
realized:
the move was already decided 3.5 hours before NY open
I was showing up late to a game that already started
now my process:
6am: mark the candle, note the sweep, identify the bias
9:30: wait for a pullback into the direction 6am told me
if 6AM does nothing, wait for 10AM.
I'm not predicting
I'm just reading what London already decided
the 6am candle is the answer
most traders don't even know the test already happened
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