I can read my organized chaos but showing it to others may cause nausea.
I won't go in to the deep details because I nor any other retail trader truly cannot predict the market or data releases.
at this point:
Previous day low has already been swept.
price is just ranging.
im looking for BSL to be taken.
there are relative EQL
A big retail double bottom chart pattern & im just waiting for liquidity to sweep.
I just keep seeing W formation sweeps on the lows & this could be to induce buyers with a "strong rejection area/support" or could this be where accumulation for a new direction starts.
What I don't want to do is get caught up with interest rates and forget that the big players are 50steps ahead of us and near future data expectations are usually priced in.
Im not predicting that now we will be bullish, Im just cautious as the fundamentals & every other trader sees order flow as bearish right now with another old external low just below & other HTF lows/inefficiencies whatever to aim for, to me seems like this could be a large inducement of sellers but I don't know Sh*t!
This was more of a keep myself in check note
Don't over commit to one side!
be fluid, don't stay in too long (still holding sell from wednesday right before interest rate decision, its currently around 6% at time of writing, I'll just set stops to BE and keep as hedge).
Do not predict what could happen, what you want to see, none of that! Just be patient let price action play out and then react!
Okay that took a while to write!
did price move by the time i post this or is it still the same!
I saw a lil mss on lower time frame with fvg so i took a small risk % buy there!
shall see..
we could easily take those EQL though
I won't go in to the deep details because I nor any other retail trader truly cannot predict the market or data releases.
at this point:
Previous day low has already been swept.
price is just ranging.
im looking for BSL to be taken.
there are relative EQL
A big retail double bottom chart pattern & im just waiting for liquidity to sweep.
I just keep seeing W formation sweeps on the lows & this could be to induce buyers with a "strong rejection area/support" or could this be where accumulation for a new direction starts.
What I don't want to do is get caught up with interest rates and forget that the big players are 50steps ahead of us and near future data expectations are usually priced in.
Im not predicting that now we will be bullish, Im just cautious as the fundamentals & every other trader sees order flow as bearish right now with another old external low just below & other HTF lows/inefficiencies whatever to aim for, to me seems like this could be a large inducement of sellers but I don't know Sh*t!
This was more of a keep myself in check note
Don't over commit to one side!
be fluid, don't stay in too long (still holding sell from wednesday right before interest rate decision, its currently around 6% at time of writing, I'll just set stops to BE and keep as hedge).
Do not predict what could happen, what you want to see, none of that! Just be patient let price action play out and then react!
Okay that took a while to write!
did price move by the time i post this or is it still the same!
I saw a lil mss on lower time frame with fvg so i took a small risk % buy there!
shall see..
we could easily take those EQL though
Comment:
BSL reached, was only a small risk buy as mentioned!
Now anticipating draw on SSL but its friday and day is pretty much over!
Comment: