This Is part 1 on Market Analysis, Waiting for set up and taking trades. Hope this help.
I think this is one of the most distracting thing while you trade. If you are in the "zone" and there is a dog, child or your spouse around it is very difficult to focus on your trades. I did 5 trades altogether. Initially, I end up with a 6.5% profit but due to continuous trading, I end up with a 2% profit. Let's keep going.
Hey traders, here is the analysis for the EURUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
I got two ideas but also there is a third one. The price might go to consolidation today and If nothing happens during London Kill Zone I might change the pair and look for setups.
This has been one of the longest days. I took two trades, the first at a loss of about -3.5% and the second 3 x 3.5% win.
Yesterday my prediction was correct however I did come out of the trade at 3% instead of 7%. Today to me price will continue to go south.
Looking at this 1h Chart, price has now ran the Liquidity resting above the Thursday high and is still heading to target the other liquidity resting above the D BSLQ. This is the best place to get to the lower Time Frame to look for a Short Setup targeting the Imbalances that the market printed during the London Session. But I'd suggest you wait for the New York...
It looks like the uptrend was broken on Fri. I'll be looking for short from now on with one possibility to go up. Please let me know what you think.
Took continuation trade from 4h and 1h FVG and targeted buyside liquidity
Moved my stop loss and you may say I did it too soon however we all know price sometimes is unpredictable. Instead of bigger profits, I end up with smaller ones. Well, we don't dwell in the past. Let's move on and think about another profitable setup.
This is part 2 of my trading day with analysis. So far 2 winning trades and 1 lost.
One win and one loss but overall in the green. This is to show how I look at price action and what makes me take the trade.
Today I have encountered one missed trade and 2 losses. I think discipline is one of the main issues I have to deal with. I going back to back-testing.
Missed one trade and got to another. Buying at almost premium. From the moment I missed the trade, I was waiting for FVG creation. Price did retrace to FVG but consolidated for some time. It tool longer then I anticipated but in the end, everything worked out. Please share your thoughts.
I don't follow standard Support and Resistance mode or Supply and Demand but instead I do follow Price and Time. Still lots to learn but getting better. This is something I wanted to try today. 8.30 NY News and later on 9.30 NY session open. I was taken out at first but later on whole thing played nicely. Please share your thoughts or if you have any questions...
Hey traders, here is the analysis for the AUDUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
If you look at D TF and use Fib you will notice that price will continue to go down. If you drop to 1H TF then you'll see price retested to what was support and now became resistance. I'll go for small scalp Long today on 15min TF and after that, I'll go short once I get setup. Let me know your thoughts.
Price took the BSL then shift the market structure on 5min and created FVG. Targeting sell side liquidity.