On Friday the daily range was 53 pips whilst the 20-day ADR was 57 pips. I would consider it as a hit and pretty surprising considering the range on Thursday was 159 pips but I appreciate that it probably be skewed by the fact that it was ECB Rate Decision day, hunting day for the institutional traders looking for liquidity. The 20-day average daily range (20-day...
At the beginning of the week, price closed above previous Friday's high and that Monday high became a strong resistance level for this pair until today. I was bearish bias even until now. Why am I bearish bias even though the P1 had been activated thanks to the institutional traders failed to be very subtle with their stop hunts. I have mentioned in my other posts...
Structure trade. Wait for confirmation.
Apabila nampak level yang terlalu jelas, maka besar kemungkinan tempat itu akan menjadi zon yang diperhatikan dan apabila zon itu menjadi tempat perhatian maka banyak "orders" akan duduk disana. When you see obvious levels, you can bet EVERYONE will see it. When everyone sees it, then there will be A LOT of interest at those zones. When there are a lot of...
Price still trading inside last week's range / Friday's range. So far, it has been an "inside day" week as the price didn't even close above Friday's high or low. I have identified several price zones that (based on my personal believe where recent turning points and/or zones that have equal highs or lows have clusters of retail orders) I believe institutional...
This pair has certainly moved to the downside followed by the bank's price manipulation around 1555.225-1555.400 You can read the post about where the current wave originated (the setup that I missed. Yes writing this isn't easy for me : Price closed below last week's and Friday's low. Monday was pretty quiet and low volume trading day as this pair didn't...
It's Monday, it's still in Asian Session. Just wait. I am not one to predict/choose a direction out of thin air. Having said that though, I would love it if price close above those delicious liquidity pool haven 1.0700-1.0720. If the price reaches there, I would set my intraday bias into Bearish and will short this pair once a bearish technical signal been...
Just imagine every turning point of a trend or a continuation of a trend, a fractal if you like, lies underneath or above it clusters of stop losses that the institutional traders look for to get liquidity. It sounds that it's evil, but whether we hate it or despise it, that is how the market works: you want to buy, you need someone willing to sell and vice versa....
Spotting where the buy stops and sell stops (which the institutional traders would look for and eventually consume it) is not that difficult. All you need is to think "when I was a newbie trader, where would I put my stops based on xyz method" The most common stop losses that is easy to spot are ones for reversal traders (using reversal candlestick pattern such...
Friday was an inside day www.investopedia.com , pretty funny for most new traders who were taught that NFP day is pretty volatile and results in high range day. If there is no liquidity = price won't move. When the U.S Job numbers came out, I projected the zone of manipulation would be around 1.10500-1.10600 price zones(@itsReal307 would confirm this as I...
People sometimes confuse with trading the economic numbers' reactionary price action as part of "Team Fundamental Analysis" trader. I have a better word for that: Storm Catcher. I have a dear friend who trades this way, (@itsReal307 - his handle in tradingview) unlike most people I've seen, he's done it with success. I have tried it in the past, most of my big...
This is just my personal anticipation of the market. My thought process "painted" on a chart for this particular pair. Warning : The chart could be too messy for someone and also if one of the anticipated moves that I've illustrated in the chart did happen, then just be warned, I would be unbearably smug (and I am only half joking) Enjoy my chart.
Has been in consolidation for a couple weeks now. There has been multiple reversal patterns off the MA followed by a stop hunt for shorts. Looking to ride trade back into structure @ 0.67 then eventually make lower lows.
In this set up we see the following: Divergence Stop Hunt Break Of Structure + Retest Looks like a Great Opportunity to Short The Swiss Fran Pairs. ALL Glory Be To The MOST HIGH!!!!
I do not belive in bearish reversal before Stop Hunt.
Lets jump right into it - we dont have time to waste, because you might once again be caught by the whales. D4rkEnergY is the master when it comes to Market Psychology, and have warned you many times before, when there were risk of being Stop Hunted. Let me start to say, that Bitcoin is extremely bullish if we zoom out, and take a look at the Daily or Weekly...