<aside> <img src="/icons/row_gray.svg" alt="/icons/row_gray.svg" width="40px" /> August Seasonality. When to expect bullish FVG to fail? Propulsion block.
</aside>
🧠We have a few weeks remaining for August. This is going to be probably some of the most unfavorable price action. August is one of those months where we're just getting ready to start the fall months where the market becomes really nice - September, October, November. Maybe the first week, maybe the second week of December if you're hard-pressed to want to trade around the holidays. 💎That's one of the sweetest times of the year to trade, just like it is in the springtime.
You don't want to waste your gunpowder. On the next couple weeks here in August, sit still, relax, let the markets do what they're going to do, and they may chop around a lot like this in the month of August. That's what we anticipate. This is the kind of stuff ICT was warning us about, even though they're delivering to where he was pointing to, it wasn't the easiest price action to trade with, and if you felt like it was harder, that's good that you observed that, and now you've experienced it. With this new level of experience, you can appreciate now more what it was he was trying to warn us about.
If you've incurred drawdown in your account, if you have blown your account challenge, whatever it is, you're trying to get a funded account, don't be in a rush to start back up. Wait until September. Just try to ignore the temptation and want to get in there right now. Traditionally, the month of August is a sloppy type of month. There's a lot of big money on the sidelines, and when that big money is not in the marketplace, you're going to get this type of action here. Can you trade it? Yes. Will you be stressed out? Probably trading it, probably. Will you lose more times than you'll want to be comfortable? Yes. And if you're not equipped to handle that, it can be very stressful. It may cause you to be impulsive
And losing, when you know, especially if you have a historical record of seeing how it was harder for you, which you'll learn how to do that by journaling, and this is a month where you want to do most of your prep work. What your goals are going to be for the fall, going into the end of the year, where are you in terms of your growth for this year, you know, and try to spend more time learning and refining, and how to be more organized in your annotations, your time frame management, all those types of things. This will be a good time to go through your notes about what it is you've taken from the 2023 videos, revisit those notes, study, but relax. When we start in September, the markets will be a lot better. There's going to be a whole lot more volatility going into September, October, November, and that's one of the best times to be a part of the price action that you know we like to be participants in.