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Review and introduction to the Overnight Session (ONS)
by The Currency Merchant - STKISHTHEGREAT
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📚 Main Topics
Market Expectations and Analysis
Low expectations for market volatility from Monday to Wednesday.
Focus on interest rate data and its implications for market movements.
Trading Strategies
Importance of identifying liquidity pools and price levels.
Use of daily charts to plan trades and set expectations for price movements.
Key Concepts
New DeliveryUnderstanding the start of a new delivery and its significance in trading.
Liquidity PoolsIdentifying areas where liquidity is likely to be drawn from.
Order Blocks and Rejection BlocksDifferentiating between these concepts and their roles in trading setups.
Daily Review and Adjustments
Emphasis on reviewing trades and adjusting strategies based on market conditions.
Importance of mechanical rules in trading to avoid emotional decisions.
Algorithmic Trading Insights
Discussion on the role of algorithms in market movements and the creation of ranges.
✨ Key Takeaways
Preparation is KeyEntering the week with a clear plan based on market analysis can lead to better trading outcomes.
Focus on LiquidityUnderstanding where liquidity is likely to be drawn from can help in making informed trading decisions.
AdaptabilityBe prepared to adjust your strategies based on market conditions and new information.
Mechanical TradingEstablishing and adhering to mechanical rules can help mitigate emotional trading decisions.
🧠 Lessons Learned
Review and ReflectRegularly reviewing past trades can provide insights and improve future performance.
Stay InformedKeeping up with economic indicators, such as interest rates, is crucial for anticipating market movements.
Simplicity in StrategySometimes, the simplest strategies based on clear rules can yield the best results.
Community EngagementEngaging with a trading community can provide support and enhance learning through shared experiences.
This summary encapsulates the key points discussed in the weekly trading review, emphasizing the importance of preparation, understanding market dynamics, and maintaining a disciplined approach to trading.
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