Looked bearish after the middle green candle 10:15 couldn't push past the 9:00 open bear candle before the drawback (BSL) . The EMA's and the weakening of new highs gave me confluence that the internal SSL would be swept along with the 9:45 close SSL. Quick trade however should of waited for the imbalance to be filled ( double 1 m FVG) below the SSL and then...
As you can see the following: - weekly candle bullish - daily candle bearish - 4H candle - bearish In my probability, I can see two options on Monday (I WON'T BE PLACING TRADES ON MONDAY). One will bounce off (red) and create a high of the day and two (blue) will go lower to take out sellside liquidity creating a low of the day and then will go up to create a...
Big move today! First taking EQL liquidity and then deliver price through buy side liquidity. How did I know it will happen if I don't know what macroeconomic numbers we will get? Liquidity is the answer. If there are more retail traders in bullish positions, market makers will move price down. If there are more retail traders in bearish positions, market makers...
After nice drop in GBP/JPY and makink 40% I'm wondering if that was more to do with luck or my analisis. I did predict price will go down and I saw the build up, I wasn't expecting it will take that long and funny enough I wasn't aware of BOJ intrest rates news. However I got two posibilities, up or down ( like alwas). Main Sellside liquidity was taken out and I...
So far so good, the price reached Buyside LIquidity, and then during 8.30 News NY time, we had a massive sell-off to first Sellside Liquidity. I believe the price will retrace to 50% on Fib and then continue to another Sellside Liquidity. But just in case anyone wants to trade that than please make sure you have your Stop Loss in place. Please share your thoughts.
No trades for me today. I'm waiting for what will happen. I need HH or LL to be formed above Sun or Mon opening candle . Weekly candle - Bullish Daily candle - Bullish Common sense tells us to look for longs but if the price reaches Buyside liquidity then We can look for shorts. What are your thoughts?
I think the overall price will target Buyside Liquidity and then drop down to Sellside Liquidity but also I strongly belive that price will try to reach an Imbalance (4h TF)which is below Sellside liquidity. During London Kill Zone I'll keep my eyes on setup to go Long and once price action reach Buyside Liquidity I'll be looking to go Short and exit at second...
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.
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.
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.
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.