ForexSight

💰 Risk management (the #1 thing)

• Never risk more than 1–2% per trade. Even 10 losses in a row only drops you 10–20%.
• Always set a stop loss before entering. No exceptions.
• Minimum 1:2 risk-to-reward — the app's TP2 is designed for this.
• If you break a rule, close the trade. Discipline > analysis.

⏰ Session timing

• London/NY overlap (13:00–16:00 UTC): highest liquidity, tightest spreads — best for scalping and breakouts.
• Asian session: slower, more ranging — better for mean-reversion plays on JPY pairs.
• Avoid Friday close & Sunday open: thin liquidity, gap risk.
• Avoid red-folder news ± 30 min: spreads widen, stops get hunted. Check Calendar tab.

📈 What the indicators actually tell you

• RSI — overbought/oversold. Best in ranges; lies in strong trends (stays pinned >70 or <30).
• MACD — momentum shifts. Lag behind price by design.
• EMA stack (20/50/200) — trend direction. If all three align, trend is your friend.
• Bollinger Bands — volatility. Squeezes → breakouts. Tags of outer bands → mean reversion.
• ADX — trend strength. >25 = trade with trend. <20 = range-trade.
• Candlestick patterns — only reliable at support/resistance or after extended moves.

🎯 The "high-probability" setup checklist

• Higher timeframe trend aligned with your entry direction
• Price at a clear support or resistance level
• Confirmation candle (engulfing, pin bar, etc.)
• Momentum oscillator (RSI/Stoch) diverging or at extreme
• Entering during London or NY session, not Asian doldrums
• No red-folder news in the next 30 min
• Pre-planned stop loss and target — before you click the button

🧠 Psychology — the silent killer

• Revenge trading (doubling up after a loss) destroys more accounts than bad analysis.
• If you're on tilt, walk away — markets are open 24/5, the opportunity will come back.
• Keep a journal (the My Trades tab is one). Review losses without judgment.
• Your win rate doesn't have to be high. 40% win rate with 1:2 R:R is still profitable.

🚫 The mistakes that blow accounts

• No stop loss "because the trade will come back"
• Moving stop losses further away
• Overleveraging — anything above 5:1 effective leverage is roulette
• Trading every signal instead of the best ones
• Trading news events without understanding spreads + slippage
• Copying signals blindly without understanding the setup

🧠 Smart Money Concepts (ICT) — the institutional framework

Distilled from Inner Circle Trader research and modern price-action literature. These are the highest-probability setups professional retail traders actually use:

• Liquidity Sweep / Stop Hunt (65–75% historical win rate). Price wicks above an obvious swing high (or below a swing low) to trigger clustered stops, then closes back inside the range. The sweep itself is the entry trigger — go opposite the wick, stop just beyond it. Best at session opens (London sweeps Asian high/low; NY sweeps London's extremes).
• Order Block. The last opposing candle before a strong impulse move. Bullish order block = last bearish candle before a rally; price often returns to that zone for a re-entry. Combine with a Fair Value Gap above/below for highest probability.
• Fair Value Gap (FVG). A 3-candle imbalance where candle 1's wick doesn't overlap candle 3's wick — price moved too fast to fill orders. Fresh (unmitigated) FVGs are high-probability magnets; price typically returns to fill them.
• Break of Structure (BOS). Price breaks the most recent swing high in an uptrend (or low in a downtrend) — confirms trend continuation. Trade pullbacks back toward the broken level.
• Change of Character (CHoCH). The first counter-trend break — a downtrend's first higher high, or uptrend's first lower low. Earlier signal than BOS for catching reversals at the start of a new leg.
• Premium / Discount. Mark the most recent significant range. The lower 33% (discount) is the institutional buying zone — only buy here. The upper 33% (premium) is the institutional selling zone — only sell here. Avoid the middle 33%.

⏰ ICT Killzones — when institutional flow concentrates

• London Killzone (07:00–10:00 UTC): best for EUR/USD, GBP/USD, EUR/GBP, EUR/CHF. London opens hunt the Asian high or low first.
• New York Killzone (12:00–15:00 UTC): best for all majors + indices. NY often hunts London's extremes before the real move.
• Outside killzones: lower liquidity, more noise, more whipsaws. Trade smaller or sit out.
• Avoid the Asian session for breakout strategies — slow ranges, false breaks. Better for mean reversion on JPY pairs.

🎯 The institutional confluence stack

Pro confluence = at least 3-4 INDEPENDENT factors agreeing. Stack these:

• Higher-timeframe trend (Daily) — only trade in its direction
• Mid-timeframe structure (4H) — pullback or continuation pattern
• Entry-timeframe trigger (1H) — engulfing, pin bar, or structure shift
• Premium/Discount zone — only buy in lower third, sell in upper third
• Liquidity zone — fresh order block, FVG, or sweep just completed
• Killzone window — London or NY institutional hours
• No high-impact news in the next 30–60 min (red folder calendar)

📊 Why retail traders actually lose (research consensus)

• Misuse of leverage — 1:500 leverage = 1 bad trade kills the account
• No risk management — risking 5–10% per trade ensures eventual ruin
• Emotional execution — moving stops, revenge trading, FOMO entries
• Overtrading — taking 20 mediocre setups instead of 3 great ones
• No edge — trading without statistical proof the strategy wins
• Wrong session — trading low-liquidity hours, getting whipsawed
• Fighting the trend — counter-trend trades fail 60–70% of the time

📺 FXAlexG "Set and Forget" — what's in it (and an honest caveat)

Caveat: Alex Gonzalez (FXAlexG) was investigated by Coffeezilla in August 2025 and confirmed making about $7.5M from selling courses. The strategy itself, summarized below, is a sound classical multi-timeframe price-action method — but the "9/10 wins" testimonials around it are course marketing, not trading reality. We've implemented the strategy mechanics as a labeled signal source.

1. Areas of Interest (AOIs) are identified only on Daily and Weekly timeframes — never on lower TFs. These are zones where price has previously reversed and is likely to react again.
2. Multi-timeframe trend agreement — Weekly direction, Daily direction, and 4H structure must all align before any trade is considered.
3. Engulfing candle (or pin bar) at the AOI is the entry trigger — wait for a strong rejection candle that sweeps liquidity inside the zone.
4. Stop loss goes where invalidation occurs — beyond the AOI, beyond the engulfing wick. Never moved.
5. Take profit at the next major structure point with at least 1:2 R:R, ideally 1:3.
6. "Set and Forget" — once the order is in, you don't touch it. No partials, no breakevens, no trailing stops. Either TP hits or SL hits.

When this setup fires on any pair, you'll see "AlexG Set & Forget" tagged on the signal card and inside the modal's strategies section.

🏆 What prop-firm-funded traders do consistently

• Fixed risk per trade: 0.5–1% (NEVER 2%+)
• Trade only their best 1–2 setups, no exceptions
• Pre-defined R:R (minimum 1:2, ideally 1:3)
• Trade within their personal "best window" (often London or NY only)
• Walk away after hitting a daily loss limit (3% or 2 losses)
• Journal every trade — review losses without judgment, looking for pattern violations
• Skip trading during major news, end of week, low-volatility regimes
• Treat trading as a business, not a get-rich-quick scheme