Going hand in hand with my bias with bonds and yields, I am expecting some form of pullback up to the 103.20 region.
Last weeks projection was to see Dollar trade to and through 103.463 which was met. The thoughts I had then was how far into a discount could we go and we closed the week @ 102.741
102.358 is the 1-hour short term sellside which I will keep an eye out for if we are to continue trading to the downside.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Last weeks projection was to see Dollar trade to and through 103.463 which was met. The thoughts I had then was how far into a discount could we go and we closed the week @ 102.741
102.358 is the 1-hour short term sellside which I will keep an eye out for if we are to continue trading to the downside.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Trade closed: target reached:
Throughout the whole of this week, i have been fighting food poisoning with today being the day i was admitted into hospital hence the reason for a delayed update to all of the asset pairs analysed for this weeks trading. But this does not mean abandonment!
Moving on with dollar index, I found it relatively sluggish, especially the first few days; Monday going into Thursday US 8:30am open whilst Bonds, Yields and equities was volatile. Nevertheless, Thursday’s US 8:30AM open strong, with intra-day buy stops being targeted all in one sweep, all in one session, bringing price action in alignment with my overall bullish bias.
Expectations was met flawlessly, with 103.178 being the first short-term target for buy stops (in which I wanted the equities market to sell off) but was missed by 0.01 points. No big deal. It was the overall bias that I was more interested in and that panned out sweetly!
Stretch bullish target I was anticipating was the macro EQ @ 103.463 which was met on the final trading day of this week which shows that although price action might move in tandem with each other (uncorrelated or correlated), sometimes patience Is key.
I’d be stupid if I completely negated a continuous bullish run going into next trading week.
Moving on with dollar index, I found it relatively sluggish, especially the first few days; Monday going into Thursday US 8:30am open whilst Bonds, Yields and equities was volatile. Nevertheless, Thursday’s US 8:30AM open strong, with intra-day buy stops being targeted all in one sweep, all in one session, bringing price action in alignment with my overall bullish bias.
Expectations was met flawlessly, with 103.178 being the first short-term target for buy stops (in which I wanted the equities market to sell off) but was missed by 0.01 points. No big deal. It was the overall bias that I was more interested in and that panned out sweetly!
Stretch bullish target I was anticipating was the macro EQ @ 103.463 which was met on the final trading day of this week which shows that although price action might move in tandem with each other (uncorrelated or correlated), sometimes patience Is key.
I’d be stupid if I completely negated a continuous bullish run going into next trading week.
