Joe Miler

25 Jun 2023 22:56

One of my biggest fears as a developing Trader, was fearing getting stopped out. Not that I could lose money, if my trade was incorrect. No, that would have been the real focus. I was trained to believe in nonsense from hundreds of books and wasted hours of useless theories.

So, I did what an reasonable Noob would do... trade without a stop loss. That was even more stress, when I felt it would have answered the anxiety of getting stopped out. I listened to Larry Williams say, "they don't go after your stop, if you get stopped out, you did it wrong"

While anyone would agree, getting stopped out is never fun... it is not always the case of "doing it wrong". In fact, getting stopped out is mostly, "doing it RIGHT". Limiting losses is crucial to longevity. Cutting bait when the market is not moving is key to winning.

I later learned, yes, I placed my stops in the "wrong" place but there are those who targeted my stops... because I used traditional stop placement theories. Larry taught his stop would be so wide "it will take a real move to get me, so I know I was wrong". See the issue?

I don't visualize a stop loss as a point of being "wrong". I think of the stop loss as my insurance policy. You don't buy car insurance and then go play bumper cars just to see if you were right in thinking you'd be better at it than Steve in his new Lexus...

You trust the process of driving your car and allowing the insurance [stop loss in this example] to do its job, if need be. I don't worry about getting stopped out, because my focus on the driving and the front windshield... not the rearview. The stop loss has my 6 covered.

Confident trading and not worrying about stop outs, is a result of knowing where you are going in the markets. Like your driving, if you aren't sure you know where you are going... it can cause anxiety. However, when you traveled the road many times before, you relax & trust it

There really is someone trying to runs stops... it might not be yours this time... but "they" are most certainly in the business of doing so. Bank on it.

So, isn't it prudent to learn how they do it? When they do it? Regardless, if your heroes don't subscribe to this fact? The wise would consider it essential knowledge. Just providing another view on the matter. Choose.

Joe Miler

23 Jun 2023 12:35

A short one. Enjoy.

Jun. 20, 2023.

Joe Miler

22 Jun 2023 15:31

Hello Everyone!

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CWG Markets Statement -

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Joe Miler

21 Jun 2023 17:21

Fiber. 1D.

Price came to fill the BISI on the daily, and bought up from there.

Joe Miler

21 Jun 2023 17:15

Dollar Index. ⬇️ XXXUSD ⬆️

Joe Miler

21 Jun 2023 16:07

Bitcoin. 4h.

Market Shift began at this point to the upside.
Having purged the sellside (equal bottom), Price pressed towards the upside. And boom, we are heading for higher Prices.

Joe Miler

21 Jun 2023 15:59

Bitcoin. 1D.

The next draw on Liq. is $31,035.

Joe Miler

20 Jun 2023 17:13

Some persons go as far as printing the flashcards for Study. Diligence.

What are you willing to sacrifice?

As you grow in your development, submit to time, and allow patience whilst at it.

Joe Miler

20 Jun 2023 15:09

Bitcoin. 1D.

High timeframe already gives the lead. So, all clear.

Joe Miler

20 Jun 2023 15:04

Bitcoin. 1W.

Price filled the FVG and ended the previous week a bullish pinbar. We are still within a bearish structure on the weekly timeframe. If Price violates $28,452, that will mean higher Prices for Bitcoin.

Except that, we are still in a downtrend.

Joe Miler

20 Jun 2023 14:57

Bitcoin. 1M.

Price came down to fill the BISI yet again (on a 3 pattern drive on the daily timeframe) and bought up instantly. We are still within that structure, with clear invalidation.

Joe Miler

20 Jun 2023 14:50

Bitcoin. 1M.

WDYS?

Joe Miler

19 Jun 2023 12:21

Fiber.

13RR. Whew.

Joe Miler

19 Jun 2023 12:10

Fiber. 15m.

Thursday's Price action.

Joe Miler

19 Jun 2023 11:48

Fiber. 4h.

How Price faired the whole of last week. A parabolic run you may say.

Joe Miler

23 Jun 2023 12:49

Happy Weekend.
Ensure your weekend is Productive.

Talk soon. 👍🏽

Joe Miler

22 Jun 2023 15:35

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While we understand that many of you will already have your preferred brokers, most of the benefits you will receive from Joe’s partnership require that interested persons use his affiliate link to create a new CWG account.

There are loads more offers and opportunities to be had.

Stay tuned!

Joe Miler

21 Jun 2023 17:45

@ everyone Fiber. 5m.

Price action delivery on 5mins.
Price did a Market Shift, left a Fair Value Gap behind, filled it, and continued higher.

Delivered +6R. ART.

Joe Miler

21 Jun 2023 17:18

Dollar Index. 1D. 4h. 1h. 💡

Joe Miler

21 Jun 2023 16:30

Technicalities in the marketplace are useless without having a proper mindset.

- Andre F.

Joe Miler

21 Jun 2023 16:03

Bitcoin. 1M.

This is how Price paints on the monthly at the moment. Perfectly filling the monthly Fair Value Gap, before rallying back to the upside.

Joe Miler

21 Jun 2023 15:56

Bitcoin. 1D.

We have $28,452 violated. That's a shift in Price to the upside.

Joe Miler

20 Jun 2023 15:45

The outcome of a trade doesn't reflect your trading ability.

Your process, mindset, and attitude will.

- Rayner Teo

Joe Miler

20 Jun 2023 15:06

Bitcoin. 1W.

If Price violates $28,452, then, we should see Price above $30,800 and beyond.

Joe Miler

20 Jun 2023 15:01

Bitcoin. 1W.

What Do You See?

Joe Miler

20 Jun 2023 14:55

Bitcoin. 1M.

A closer view. Here.

Joe Miler

19 Jun 2023 12:25

Fiber. 1D.

Work of ART. Study.

Joe Miler

19 Jun 2023 12:13

Fiber. 15m.

Optimal Trade Entry on a Thursday New York Session.
Price still came down to 705 fibonacci level, and then bought up immediately.

Time and Price.

Joe Miler

19 Jun 2023 11:52

Fiber. 4h.

Monday to Friday - all bread and butter. Really.

Joe Miler

19 Jun 2023 11:45

Fiber. 1D.

Annotations on the chart.