Master the Center of Gravity. Read the signal, not the noise.
"You are the indicator. The indicators feed you data."
Strip away complexity. Price action is reality - everything else is interpretation.
"All boom hunter does is present the chart to you. Everything boom hunter does can be done by drawing a few lines. Boom hunter just helps read the chart."
The ultimate goal isn't to rely on indicators, but to understand price action so deeply that you could trade with nothing but lines on a chart.
"You are the indicator, the indicators feed you data."
When traders fail, it's rarely because they lack indicators. It's because they lack context.
"The chart data is a signal that is generated from a device in an exchange. This is a processed signal full of interference like brownian noise."
Price is not random. It is constrained by structure, by support and resistance, by natural mean reversion.
"It all comes from Ehlers. If you don't take my word for it, do yourselves a favour and take Ehlers word for it."
The intellectual foundation: rocket scientist turned trader who applied signal processing to financial markets.
"The bulk of trading happens behind the scenes and mainly consists of large wholesale order blocks getting filled far away from the eyes of retailers. Price action moves between these blocks, what happens between is just fluff and noise."
The foundation of everything. COG finds the weighted midpoint of price - instantaneous, not lagging.
"EMA lines are very basic and laggy. It only gives you a signal after the fact. XL uses center of gravity oscillator (COG) at its core. This is instantaneous and tracks SR."
Think of price as a mass attached to a flexible cable. Stretch it too far and it snaps back. Compress it and it expands. This is why overextensions fail and mean reversion is inevitable.
"The price action moves with the gray line like its spinning around it. Price action can never get too far away from it. Its sort of like a cable for electricity to run on."
This is the spine of price action. Price orbits around it like a planet around a star. Above it = bullish pressure. Below it = bearish pressure. Far from it = instability.
"The red line is more dynamic and plays a huge part in the price actions direction and behaviour. Price action bounces off it to change directions."
This is where momentum pauses, pullbacks form, and decisions happen. If price respects it, trend remains intact. If it slices through, structure is weakening.
"When the white line is above the gray line it is an up trend when it gets pushed under its a down trend."
This line answers only one question: What side of balance are we on? If you use it for entries, you're already late.
"There are only 3 types of channels and you should trade accordingly."
Enter longs from channel bottom. Look for breakout setups (HH+HL patterns). Don't short within an up channel.
Enter shorts from channel top. Look for breakdown setups (LL+LH patterns). Don't long within a down channel.
Trade both directions from extremes. Wait for the break to determine trend. Hedging strategy possible.
The four lessons that separate profitable traders from the 90% who lose.
"A continuation is a confirmation of trend, these are the safest entries. A long continuation is when a pivot low is higher than the previous pivot low."
"First pullbacks are the best place to enter a trade. Entering a trade on a first pullback can often see you go straight into profit and never see red. It offers the best risk reward ratio."
Price breaks a level (SR, trendline, channel)
Price pulls back to test the break
The test confirms the break
Enter on the test = First Pullback
"Reversals are one of the most risky types of trades. The problem with reversals is that when they go wrong, they go really wrong."
"Breakouts are some of the most exciting and lucrative trades you will find. This breakout strategy is a favorite of mine for catching booms."
"After price breaks the line it will want to pull back and test the line before confirming. This is the best entry. Entering as it breaks will often see you go into red and even get dumped on."
This is what separates profitable traders from the 90% who lose.
"You will always have bad trades if you only trade 1 timeframe. MTF is key to finding the best trades and avoiding the bad ones."
"For the most part I setup a trade on the 4hr and ride the waves on the 1hr."
"1hr gives great signals and entries."
"If I need more detail I look at the 30min."
"The slower the TF the stronger the signal. A breakout on the 5min chart means nothing if it does not coincide with a slower TF."
Reading the force behind price movement.
"The pressure dots show when it is testing a support or resistance line. The more dots the more pressure."
"Think of it like this. If you throw a ball into a wall nice and easy it will bounce off. If you push it into the wall with all your strength it won't."
Support and resistance don't "hold". They fail under force. Your job is to see pressure building.
"The Volume data we get on our charts is fictional/made up/synthetic. It is not an accurate representation of actual volume being traded."
Use volume to detect ease of movement, effort vs result, acceleration vs absorption. Dark bars = effort. Light bars = efficiency.
These are not morals. They are survival constraints.
"Just stop shorting in up trends and stop longing in down trends."
"Safest is always to wait for a break and then wait for the pullback after."
"The worst timeframes you can trade are 5 min and under."
"Do not revenge trade. It will not recover your losses."
"There are only 2 choices up or down. Prepare for both."
"Successful traders have a system and a set of rules. Basic is better."
Real examples from veryfid's teachings. Study the structure, not the outcome.
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The part everyone skips. The part that matters most.
"Stop loss is really a take loss."
The point: SL doesn't save bad entries. Structure saves bad entries.
"Never just drop 20% of your balance into anything."
Position size reflects certainty, not excitement.
"I only care about perfect entries."
Enter at an entry point, exit at an exit point. Simple.
"Im still waiting for the clean pullbacks to come, could be weeks."
Waiting IS trading. Not every movement is worth trading.
"90% of traders lose 90% of their money in 90 days."
Learning is the most important part of trading. Otherwise it is just a gamble.
"Learning boom hunter is actually learning to read the charts and price action. While progress may seem slow at times you are learning important fundamentals that can be transferred to any indicator. Honestly once you have learnt price action you don't even need an indicator."
— veryfid